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#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
#NIFTY50 - 7TH NOVEMBER!!NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Ps note: I'm not SEBI Registere 🙏🏻
NSE:NIFTYShort
by thetradeforecast
15
NIFTY Intraday Trade Setup For 8 Nov 2024NIFTY Intraday Trade Setup For 8 Nov 2024 Sell_1- From 24400 Invalid- 24450 T- 24250 Sell_2- Below 24170 Invalid- Above 24220 T- 23945 NIFTY has closed closed on a bearish note with 1.16% cut today. Index was bearish since opening and later sell triggered below 24280 and gave 100 points. Index has entered into bearish sentiment once again. No bullish view till we get bullish price structure in daily TF. Tomorrow we will still maintain bearish stance, sell on rise approach. 24400 will be resistance for the day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 24170 then we will short for the target of 23944. We will short in case of pullback towards 24400 zone. T- 24240. 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
POLYCAB#POLYCAB Recent Bullish Move: Polycab India stock gained around 3.88%, showing strong upward momentum. Key Resistance: Approaching the 7,000 level, which may act as a significant resistance. Volume Surge: Recent price increase accompanied by higher-than-average trading volume, indicating strong buying interest. Short-Term Buy Range: Ideal entry could be around 6,800 to 6,900 if the stock consolidates or pulls back slightly. Short-Term Target: Possible target range of 7,200-7,300 for quick profits. Stop-Loss Recommendation: Set a stop-loss near 6,600 to limit downside risk. Trend Outlook: Likely to go up if it breaks 7,000; cautious approach recommended if it drops below 6,800.
NSE:POLYCABLong
by SkyTradingZone
APAR INDUSTRIES LTD#APARINDS Current Trend: Uptrend since August, but showing recent weakness with slight downward movement. Support Level: Around 9,300 INR. Watch for signs of holding at this level for potential reversal. Resistance Level: Near 10,000 INR, where selling pressure has occurred previously. Volume: Recent candles show lower volume, indicating market indecisiveness or weak downward movement. Short-Term Buy Recommendation: Entry Range: 9,350-9,400 INR, if the stock stabilizes or shows bullish signals. Target: Short-term potential up to 9,800-10,000 INR. Likely Price Movement: If the stock holds above 9,300 INR, it may rebound towards 10,000 INR. If it breaks below 9,300 INR with high volume, further downside is possible.
NSE:APARINDSLong
by SkyTradingZone
Nifty Trade Analysis for 7th November 2024Nifty Trade Analysis As of the current price of Nifty at 24,485, here are the potential trading opportunities for both buying and selling based on our target levels: Buy Setup Buy Above: 24,540 Targets: 24,610, 24,690, 24,890 Rationale: If Nifty surpasses 24,540, it could indicate bullish momentum, with a potential rally toward the first target of 24,610. Further upward movement could drive it towards the subsequent targets, indicating strong buying interest. Sell Setup Sell Below: 24,200 Targets: 24,090, 23,950, 23,830 Rationale: If Nifty falls below 24,200, it may signal bearish sentiment, with potential declines to the first target of 24,090. Continuing downside could lead to additional target levels, suggesting a more pronounced downward trend. Disclaimer: I am not SEBI registered. This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research or consult a professional before making any trading decisions. Trading in financial markets involves substantial risk, and past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
NIFTY50: INSTITUTIONAL LEVELS FOR 07/11/2024 NSE:NIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
NIFTY Intraday Trade Setup For 7 Nov 2024NIFTY Intraday Trade Setup For 7 Nov 2024 Bullish-Above 24550 Invalid-Below 24500 T- 24800 25050 Bearish-Below 24280 Invalid-Above 24330 T- 24020 NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050. For selling we need a 15 Min candle close below 24280. T- 24022. 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
Nifty 50 Near-Term ForecastCurrent Price and Resistance: The Nifty 50 index is currently trading around 24,492. There's a notable resistance level around 25,065, where previous price action struggled to move higher. This level acts as a potential cap for upward movement. Support Levels: A significant support line is marked around 23,996, below the current trading level. If the price breaches this level, it could suggest a further downside, with a possible drop toward lower support zones. Projected Downtrend: The orange line indicates a possible downward movement from the current levels if resistance at 25,065 holds. This downtrend projection suggests that the Nifty 50 could move lower, potentially testing the support near 23,996. If the index falls below this support, the next projected move takes it further down toward the 22,000 level, indicating a deeper correction. Possible Reversal: After reaching a lower level near 22,000, there’s a projected rebound shown with an upward arrow. This suggests a potential reversal or bounce-back from these lower levels, which could present a buying opportunity.
NSE:NIFTYShort
by ayusharya_001
Nifty Trading Strategy for 6th November 2024Nifty Trading Strategy: Buy Above 24,325 / Sell Below 24,150 Current Price: 24,214.00 Key Levels: Buy Signal: If the price closes above 24,325 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,214.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,300 to 24,350 levels, which could act as resistance. Recommendations: Buy: If the price sustains above 24,325 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Piercing Line Candlestick Pattern in Nifty at Support Zone.Hello Everyone, today i have brought Nifty Analysis. Nifty has formed Piercing Line Candlestick Pattern, this is called a bullish reversal pattern. Nifty has taken U turn after making low at 23842.75 and given successfully closing at 24213.30 above 24000 psychological level. I feel we can see some bullish move in nifty behalf of this candlestick pattern. If i talk about Open Interest:- Call options OI:- 2,789,700 & Put Options OI:-3,958,100 Total PCR comes:- 1.42 It is shows mildly bullish atleast we can expect Nifty above 24000 for some days, or till expiry. Okay now let me tell you all about Piercing line candlestick pattern:- What Is a Piercing Pattern? A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first day where the second day begins trading, opening near the low and closing near the high. The close should also be a candlestick that covers at least half of the upward length of the previous day's red candlestick body. Key Takeaways The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. This candle pattern typically only forecasts about five days out. Three characteristics of this pattern include a downward trend before the pattern, a gap after the first day, and a strong reversal as the second candle in the pattern. How a Piercing Pattern Works A piercing pattern features two days where the first is decidedly influenced by sellers and where the second day responds by enthusiastic buyers. This is potentially an indication that the supply of shares that market participants want to sell has been depleted somewhat, and the price has been driven down to a level where demand for buying shares has increased and been shown to be evident. This dynamic seems to be a somewhat reliable indicator of a short-term upward forecast. Piercing Pattern Formation The pattern is preceded by a downward trend in price. (This may be only a short downtrend, but if the candles appear after an upward trend in price it is not an important reversal indicator). The price gaps lower to begin the second day. (This pattern is mostly found in stocks because of their ability to have overnight gaps unlike currencies or other 24-hour trading assets. This pattern may occur in any asset class on a weekly chart, however). The second candle must close above the midpoint of the first candle. (This signifies that buyers overwhelmed sellers on this day.) The first candlestick is usually dark colored or red, signifying a down day, and the second is green or lighter colored, signifying a day that closes higher than it opened. When a trader is watching for a bullish reversal, any red candlestick followed by a white candlestick could be an alert, but the piercing pattern is a special indication because the reversal is likely unexpected for most market participants. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:NIFTYLong
by TraderRahulPal
1
NATIONALALUM#NATIONALUM Trend: Stock is in an uptrend with recent breakout through resistance levels. Support Level: Around *220. Resistance Level: Near *240 (recent high). Volume: High trading volume, indicating strong buying interest. Entry Point: Buy near *220-225 on pullback for optimal entry. Short-Term Target: 245-250 if uptrend continues. Stop Loss: Place stop loss around *210 to limit downside risk. Outlook: Bullish; look for potential pullback to support zone for a better buying opportunity.
NSE:NATIONALUMLong
by SkyTradingZone
Nifty Trading Strategy for 5th November 2024 Nifty Trading Strategy: Buy Above 24,110 / Sell Below 24,900 Current Price: 23,996.00 Key Levels: Buy Signal: If the price closes above 24,110 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,900 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,996.00, just below the buy signal level. It's important to monitor the price closely, especially around the 24,200 to 24,250 levels, which could act as resistance. Recommendations: Buy: If the price sustains above 24,110 on the one-hour candle close, consider entering long positions with targets at 24,300 and 24,500. Sell: If the price breaks below 24,900 on the one-hour candle close, consider short positions with targets at 24,700 and 24,600. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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
1