Get started

Nifty50

Bharat Dynamics Limited (BDL): A High-Flying Opportunity! Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India. 📈 Breaking the Rectangle Pattern 📈 On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2. 🎯 New All-Time High and Retest 🎯 In last week, the stock broke its all-time high and formed a new all-time high. The breakout was accompanied by very high volumes. In the last 3 days, the stock has been coming down to retest the Breakout with low volume. This shows that the downward movement is without selling interest, which is a good sign. 💡 Trading Strategy 💡 We can plan an entry at 1955 to trade the breakout retest entry or you can say entry at the demand zone of the lower timeframe which is available on the 15-minute chart. Keep a stop loss below 1897 which is around 3% down from the entry point. The first target should be a 6% gain. For riding the rally, trail your stop loss. Thank you for your support, your likes, and comments. Feel free to ask if you have any questions. Remember, the journey of a thousand miles begins with a single step. So, let's step into the world of trading with confidence and determination! 🚀 Please note that this analysis is for educational purposes only. I am not a SEBI registered analyst. This is not intended as a trading or investment recommendation. Happy trading! 🎉
NSE:BDLLong
by AfnanTAjuddin
NIFTY Intraday Trade Setup For 29 Apr 2024NIFTY Intraday Trade Setup For 29 Apr 2024 Bullish-Above 22630 Invalid-Below 22580 T- 22810 Bearish-Below 22380 Invalid-Above 22430 T- 22145 NIFTY has closed with a gain of 1.23% last week. Index is still trading sideways in the parallel channel. Till the time index trades between this parallel channel direction trades in short term is risky. 21700 and 22800 is the range for a short term trigger. Breakout of this range will establish a trend in short term as these are weekly levels. 22300 is the last hourly swing low, breakdown may trigger a good fall. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50. For selling we need a 15 Min candle close below 22380. T- 22145. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
KIRLPNU | Swing Trade📊 DETAILS Sector: Compressors / Pumps Mkt Cap: 4,549 cr Kirloskar Pneumatic Company Ltd, incorporated in 1958, is part of the Pune-based Kirloskar group. The Co. is engaged in the business of Compression & Transmission segments. It also undertakes O&M services for Compression Packages and has also entered logistic services by operating RoadRailer trains for end to end transportation of goods. It serves a variety of sectors like Oil & Gas, Steel, Cement, Food & Beverages, Railways, Marine and other industries. TTM PE : 43.20 (High PE) Sector PE : 62.14 Beta : 0.32 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 7.33% away from 52 week high Outperformer - Kirloskar Pneumatic Company up by 13.28% v/s NIFTY 50 up by 4.59% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:KIRLPNULong
by Munish_Jain
NIFTY Intraday Trade Setup For 26 Apr 2024NIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 22630 Invalid-Below 22580 T- 22810 Bearish-Below 22450 Invalid-Above 22500 T- 22295 NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this rising parallel channel in daily TF. 22465 will act as a support and one can have a bullish plan from this level. Best trade will be opening below 22625 and then breakout of 22630. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 22630 then we will long for the target of 22810-50. For selling we need a 15 Min candle close below 22450. T- 22295. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
POWERINDIA | Swing Trade📊 DETAILS Sector: Electric Equipment Mkt Cap: 19,792 cr Hitachi Energy India Ltd (formerly known as ABB Power Products and Systems India Ltd.) was created in 2019 as a Joint Venture between Hitachi and ABB's Power Grids. The company serves utility and industry customers, with a complete range of engineering, products, solutions, and services in areas of Power technology. TTM PE : 239.73 (High PE) Sector PE : 146.19 Beta : 0.44 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 2.62% away from 52 week high Outperformer - Hitachi Energy India up by 2.6% v/s NIFTY 50 up by 0.78% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:POWERINDIALong
by Munish_Jain
1
Nifty monthly expiry levels for intraday trade 25/04/24.The index for last 2 trading session is consolidating in a range between 22350-22480 and is sustaining above the moving averages. A halt candle has been formed after a gap down opening which signifies that the market may give a trending move in coming days. The drop in the VIX has killed the option premiums and there was option buyers are waiting for a buying opportunity in the market. Tomorrow is the monthly expiry for the index and as the market is behaving a move can be seen, if there is a slight gap up/down or a flat opening. If there is a flat opening and consolidation in the first half, the break out or break down in the second half can give a trending move. Major Support levels:-22330, 22240 Resistance levels :- 22480, 22610 Market has remained volatile this whole month. For last 3 months dojis can be seen on the charts showing confusion among the market participants. Wait for the market to clear the trend for positional trades. Price action around the levels should be there for entering a trade.
NSE:NIFTY
by TheMamboMomentum
SAPPHIRE | Swing Trade📊 DETAILS Sector: Hotel, Resort & Restaurants Mkt Cap: 10,441 cr Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. TTM PE : 56.09 (Average PE) Sector PE : 64.94 Beta : 0.39 📚 INSIGHTS Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 8.14% away from 52 week high Outperformer - Sapphire Foods India up by 12.09% v/s NIFTY 50 down by -1.15% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SAPPHIRELong
by Munish_Jain
WILL NIFTY50 SHOW REVERSAL FROM SUPPORT LEVELS ?Symbol - NIFTY50 CMP - 21980 NIFTY50 witnessing heavy selling and now slipping below 22,000 round level. Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels. 22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon. Dow Jones is at good support levels, Crude is showing reversal from upper levels etc. are the triggers that will help Nifty to go higher from current levels. Hence I'm taking Future long positions in Nifty at CMP 21977 - 21980 I'll add more position around 21920 - 21930 levels, if comes & hold with 21880 SL. Targets will be 22170 - 22300 - 22430
NSE:NIFTYLong
by akshit_official
NIFTY Intraday Trade Setup For 23 Apr 2024NIFTY Intraday Trade Setup For 23 Apr 2024 Bullish-Above 22390 Invalid-Below 22340 T- 22665 Bearish-Below 22190 Invalid-Above 22240 T- 22000 NIFTY has closed on a bullish note with 0.86% gain today. It opened with a big gap up and traded between 10 o'clock range for the whole day. However buy levels was respected as support irrespective of the gap up opening. Tomorrow on a flat opening if index breaks today's high then it will directly test 22665 zone. Bears will try to take charge below 22250 but for safer side plan short below 22190. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 22390 then we will long for the target of 22665. For selling we need a 15 Min candle close below 22190. T- 22000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
FinNifty intraday trading levels for weekly expiry 23/03/24.Finnifty has given a gap up opening and closed around the opening price forming a dragon fly doji. If there is a gap up opening, chance of filling up the gap is highdn even testing higher levels are high. Major resistance levels :- 21500, 21630 Tomorrow is the weekly expiry for the index and it has consolidated today. A trending move can be there in the index. Gap down opening in the market may take some opportunities in intraday and there can be a consolidation as today. Watch for the levels and candlestick pattern around the levels. 21350 levels has been tested many times and if there is a break out after a flat to slight gap down opening, a trending bullish move can be captured. Support levels :- 21200, 21020 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
Nifty intraday levels for 23/04/24.Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level. Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels. There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be chance of bearish move as the market recovered quickly from the low. Major support levels :- 22160-230, 22000 (round number) The market on the hourly charts has closed above both the moving averages which shows some positiveness in the market. Resistance levels :- 22500, 22620 Wait for the price action near the levels before entering the market. Gaps can alter the trading plan. Watch the price action around the levels and trade accordingly.
NSE:NIFTY
by TheMamboMomentum
🌟A Deep Dive into STARCEMENT: A Classic Case of Buy on Retest📊 Chart Analysis Overview The technical chart of STARCEMENT presents a fascinating tale of consistent trading patterns that can intrigue both novice and seasoned traders. By deciphering these patterns, we can unearth potential trading opportunities. Here's a deep dive into the stock's behaviour on the chart: 🚀 Key Observations from STARCEMENT's Chart Recurring Breakout Retests: One of the most striking features observed in STARCEMENT's chart is the pattern of breakout retests. Historically, after each significant breakout, the stock prices have tended to pull back to retest the breakout levels. This behavior has been a recurrent theme and provides a clear insight into the stock’s momentum. Formation of New Highs: Post-retest, STARCEMENT often manages to carve out new highs. This suggests a strong underlying market sentiment favouring the stock, thereby indicating a bullish outlook in the wake of each retest. Volume Insights: Throughout these phases, an intriguing aspect is the volume dynamics. The volumes recorded during the retest phases are unusually low. This low volume retest of breakouts is classic and indicative of a less aggressive retracement, which is a positive signal for bulls in the market. 📊 Key Financial Indicators Market Position : Prominent with a market cap of ₹8,941 Cr. Debt Status : Nearly debt-free, enhancing its financial stability. Operational Performance : ROCE at 16.8% indicates efficient use of capital. Profitability Issues : ROE is moderate at 10.8%, reflecting average equity returns. 🚀 Strategic Trading Tips Buying Strategy : Considering the historical success of buying on retests, entering a buy trade at current levels could be advantageous. Stop Loss Strategy : To manage risk effectively, it's prudent to place a stop loss just below the significant support marked by a thick red line on the chart. 📊 My thought The STARCEMENT stock chart is a classic example of how consistent technical patterns can offer actionable insights. Given the recurring nature of breakout retests with low volume, coupled with the stock’s ability to forge new highs post-retest, the current scenario suggests a favorable buying opportunity. As always in trading, while the historical patterns can guide us, it's crucial to stay alert and responsive to any new market developments. Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions. Remember, every successful trader keeps an eye on the past but focuses on the future! 🌟 Keep trading smart and stay optimistic! Please note that this analysis is for educational purposes only and I am not a SEBI registered analyst.
NSE:STARCEMENTLong
by AfnanTAjuddin
360ONE | Swing Trade📊 DETAILS Sector: Finance - Others Mkt Cap: 24,800 cr IIFL Wealth Management Limited, founded in 2008, is one of the largest private wealth management firms in India. The company mainly acts as wealth manager and provides services relating to financial products distribution, advisory, portfolio management services by mobilizing funds and assets of various classes of investors including High Networth Individuals. TTM PE : 34.54 (High PE) Sector PE : 30.81 Beta : 0.69 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 6.12% away from 52 week high Outperformer - 360 ONE WAM up by 3.04% v/s NIFTY 50 down by -0.78% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:360ONELong
by Munish_Jain
Fundamental Picks - Stock PE < 20 (NIFTY 50)📊 Script: BPCL 📊 Sector: Refineries 📊 Industry: Refineries ⏱️ C.M.P 📑- 585 🎯 PE 🏆 - 4.38 📊 Script: ONGC 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services ⏱️ C.M.P 📑- 275 🎯 PE 🏆 - 8.24 📊 Script: COALINDIA 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals ⏱️ C.M.P 📑- 435 🎯 PE 🏆 - 9.14 📊 Script: SBIN 📊 Sector: Banks 📊 Industry: Banks - Public Sector ⏱️ C.M.P 📑- 750 🎯 PE 🏆 - 10.49 📊 Script: INDUSINDBK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1482 🎯 PE 🏆 - 13.33 📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products ⏱️ C.M.P 📑- 614 🎯 PE 🏆 - 14.69 📊 Script: TATAMOTORS 📊 Sector: Automobile 📊 Industry: Automobiles - LCVs / HCVs ⏱️ C.M.P 📑- 963 🎯 PE 🏆 - 16.51 📊 Script: POWERGRID 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 281 🎯 PE 🏆 - 16.62 📊 Script: HDFCBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1531 🎯 PE 🏆 - 17.12 📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 350 🎯 PE 🏆 - 17.38 📊 Script: ICICIBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1067 🎯 PE 🏆 - 17.62 📊 Script: JSWSTEEL 📊 Sector: Steel 📊 Industry: Steel - Large ⏱️ C.M.P 📑- 864 🎯 PE 🏆 - 18.79 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTY50) PE - 22.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BPCLLong
by radha_23
19 Apr 2024 BankNifty all 6 candles in GREEN, 1093pts rallyBankNifty Analysis - Stance Bearish⬇️ BankNifty was more dramatic versus N50, it went ahead and rallied 1093pts ~ 2.35% and ended up taking out the crucial resistance of 47465. The momentum favors a stance change to neutral, but I would like to wait for one more day for confirmation. The lowest point of the day was hit in the opening candle and the highest point in the last candle - so much drama. And never in the rally today there was an attempt to break the upward direction. Unlike N50, hard to believe that it was short covering here - it looks like more of a long build-up. Again luckily did not switch on the Algos today, or else would have lost approximately 60k. 46284 support level was added today, but BN took support at 46592 levels itself. All 6 candles were in GREEN today - unbelievable momentum.
NSE:BANKNIFTYShort
by viswaram
19 Apr 2024– Nifty Unseen 402pts momentum, not bullish thoughNifty Analysis - Stance Bearish⬇️ Recap from yesterday: On the higher TF, we wish to maintain the bearish stance even though we did not get a 63mts closing candle below 22051. I am hoping that we may get one in the forenoon session tomorrow. Unseen momentum on Nifty50 today, we woke up to the bad news that Israel has launched counter strike on Iran, and Gifty (Global Nifty futures) were trading 400 points lower. The news and Twitter feed were not looking good and immediately I felt it was wise not to run my non-directional algo. That proved to be the right decision as my backtests showed losses of 97000 if I had run the Algo. Nifty opened below the support of 21913, hit an intraday low of 21777, and then started recovering. Between 11.27 to 12.11, N50 spent its time near the 21913 SR zone. Once it broke the resistance, it immediately went to the next SR of 22051. Between 12.51 to 13.47, N50 spent its time at 22051 before breaking out. N50 went ahead and hit an intraday high of 22179 before cooling off to close at 22149. When was the last time you saw N50 rally 402pts that too from poor global macros? I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral.
NSE:NIFTYShort
by viswaram