Short term trading opportunity in Vindhya Telelink for 20% upsidHi,
NSE:VINDHYATEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
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Niftytrendanalysis
short term trading opportunity in india nippon for 20% upsideHi,
NSE:INDNIPPON has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
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short term trading opportunity in GOCL corp. for 20% upsideHi,
NSE:GOCLCORP has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
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short term trading opportunity in Essar Shipping for huge upsideHi,
h NSE:ESSARSHPNG as given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
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What’s Nifty planning to do next?After the budget on July 23, 2024, Nifty experienced a slight retraction. But, today (July 26, 2024), it recovered and created an all-time high of 24, 861.
This raises the question, “ What’s Nifty planning to do next? ”
For a change, let’s try to decipher Nifty’s next move using Neo waves. We begin the count from the Election results’ day low hit by Nifty on June 4, 2024.
As, Nifty moved ahead, we became more convinced that it is creating a Neo wave Diametric pattern (bowtie), which is a 7-legged structure. This quote from neowave.com, will help you understand why we considered it a diametric pattern – “ As the time between waves becomes very similar (but price differences still exist), a Diametric is your best option. ”
Nifty seems to have completed the A-B-C-D-E-F legs of the diametric and is right now in the G wave. So, how far will the G-wave extend?
Ideally, G-wave would be 61.8% of A, but it can also be truncated at either 38.2% or 50% of A.
In case of Nifty, a truncated G wave of 38.2% comes to around 24,950, 50% is around 25,250, and 61.8% is around 25,500. We think that this G wave will most likely hit the 50% mark.
Only time will tell where the G-wave will culminate, but once it hits the 38.2% mark, we should become cautious and begin looking at price action more carefully.
Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
#NIFTY Intraday Support and Resistance Levels -29/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24890 level and then possible upside rally up to 25010 level in today's session. in case nifty trades below 24830 level then the downside target can go up to the 24710 level.
#NIFTY Intraday Support and Resistance Levels -25/07/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 24420 level and then possible downside rally up to 24300 in today's session. in case nifty trades Above 24470 level then the upside target can go up to the 24590 level.
#BUDGET2024 NIFTY POV 24/07/2024Well, today's market opening has a gap up in Nifty. Also, all markets will be opening with GUP-UP. So, come to the point I think the market may be going to the downside because of the weak sustainability. the reason for weak sustainability is the big players manipulate the retail buyers or this recovery shows the interest of retail buyers in the bullish view because of this the FII/DII make the big moves where the retailers lose their money in the market sentiments.
L E V E L S:-
SUPPORT:-24300 24100
RESISTANCE:-24600
#NIFTY Intraday Support and Resistance Levels -23/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24550 level and then possible upside rally up to 24670 level in today's session. in case nifty trades below 24480 level then the downside target can go up to the 24360 level.
Nifty Intraday Support & Resistance Levels for 19.07.2024On Thursday, Nifty took support exactly at the 15m demand zone (24485 - 24516) mentioned in the last post, broke the previous high, and made a new all-time high of 24837.75 before closing at 24800.85. The weekly (50 SMA) and daily trends (50 SMA) are now overbought.
Support Levels:
Near support/demand zone (30m): 24599 - 24648
Far support/demand zone (30m): 24504 - 24560
Major support/demand zone (125m) for weekly trade: 24193 - 24357
Major support/demand zone (Daily): 24141 - 24461
There is currently no supply/resistance zone seen on the chart.
#Nifty directions and levels for July 16th.Good morning, friends! 🌺🍬 Here are the directions for July 16th:
Global markets are maintaining their range (based on the Dow Jones). Our local market has a moderately bullish trend. Today, the market may open neutral to slightly gap-down, as indicated by GiftNifty, which shows a decrease of 13 points at 8:00 am.
Nifty and Bank Nifty have different structures: Nifty indicates a moderately bullish bias, while Bank Nifty indicates a range-bound market. Let's look at each one.
Nifty:
In the previous session, Nifty maintained a gap-up sentiment, but there was no big movement. Based on the wave structure, it could be a 5th wave, meaning a distribution wave. So, today we might see an initial correction. This is our first variation.
Alternatively, if the market pulls back and consolidates or breaks the supply zone, we can expect the rally to continue. in this case, If the market doesn't break the supply zone, it may consolidate between the supply zone and the 38% Fibonacci level in the minor swing.
> Without breaking this 38% level, it may maintain a bullish bias. A correction is expected only if it breaks the 38% level in the minor swing.
> that means, If it sharply rejects around the supply zone and breaks the 38% Fibonacci level in the minor swing, it may turn into a correction.
Nifty Intraday Support & Resistance Levels for 16.07.2024On Monday, Nifty opened gap-up, reached a new all-time high of 24,635.05, and closed at 24,586.70. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (15m): 24,485 - 24,516
Far support/demand zone (30m): 24,331 - 24,395
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
Currently, there is no supply/resistance zone seen on the chart.
short term trading opportunity in Mothersonsumi for > 20% upsideHi,
NSE:MOTHERSON has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Short term trading opportunity in Engineers India for 20% upsideHi,
NSE:ENGINERSIN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Nifty Intraday Support & Resistance Levels for 15.07.2024On Friday, Nifty opened gap-up and made a new all-time high of 24,592.20 before closing at 24,502.15. The weekly trend (50 SMA) is overbought, and the daily trend (50 SMA) remains positive.
Support Levels:
Near support/demand zone (15m): 24,331 - 24,384
Far support/demand zone (5m): 24,201 - 24,235
Major support/demand zone (75m) for weekly trade: 24,056 - 24,150
Resistance Levels:
Near small supply/resistance zone (15m): 24,560 - 24,580
Will NIFTY & Bank Nifty's have a Tight Rangebound Movements ?Nifty looks stronger rather then Bank nifty overall in the charts, Nifty above 24600 will open doors fro 24800 levels above the new range till 25200 levels. SUpport is at 24150-24250, below this price should see 23980 level.
Bank Nifty has given a breakout from falling wedge, support at 52000-51900 levels, upside till 53200 level.
Short term trading opportunity in bajaj Hindustan for > 20% upsdHi,
NSE:BAJAJHIND has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
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short term trading opportunity in Bannari Amman for 20% upsideHi,
NSE:BANARISUG has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
#NIFTY Intraday Support and Resistance Levels -11/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24340 level and then possible upside rally up to 24460 level in today's session. in case nifty trades below 24290 level then the downside target can go up to the 24170 level.
Short Term Trading Opportunity in BBTC for 15% UpsideHi,
NSE:BBTC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
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#NIFTY Intraday Support and Resistance Levels -10/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24440 level and then possible upside rally up to 24560 level in today's session. in case nifty trades below 24400 level then the downside target can go up to the 24280 level.
short term trading opportunity in Greaves Cotton >15% upsideHi,
NSE:GREAVESCOT has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
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NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024)
- Here's an updated analysis on a Weekly Time Frame
- As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss
- Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings
- As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight
- If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully
- And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves
- India's Growth story will still be on track
* Disclaimer
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#nifty50 #weeklyanalysis