KAYNES#KAYNES
A good semiconductor company,,
Looking good for upside
need to confirm if it closes with a
good green candle above the resistance line.
Niftyytadesetup
Short Trading Opportunity in Indraprastha Medic for > 20% upsideHi,
NSE:INDRAMEDCO has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Daily Closing basis and targets mentioned on the charts for educational purpose.
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NIFTY50 ANALYSIS FOR TOMORROW**Technical Analysis for Nifty 50 - October 6, 2023**
**Support Levels:** 19500, 19400
**Resistance Levels:** 19600, 19650
**Overall Analysis:**
The Nifty 50 is expected to trade sideways tomorrow, with support at 19500 and 19400, and resistance at 19600 and 19650.
The index is currently trading in a range between 19400 and 19600, and it is likely to remain within this range until there is a clear breakout to either side.
If the market breaks above 19600 and closes with a bullish green candle, then it could lead to further upside movement towards 19650 and 19700.
However, if the market breaks below 19400 and closes with a bearish red candle, then it could lead to further downside movement towards 19300 and 19200.
**Trading Strategy:**
* **Bullish Traders:** Buy above 19600 with a stop loss below 19550 and a target of 19650.
* **Bearish Traders:** Sell below 19400 with a stop loss above 19450 and a target of 19300.
**Risk Management:**
* It is important to always use risk management techniques when trading, such as stop-loss orders to limit your losses.
* It is also important to trade with a small percentage of your capital on each trade.
**Disclaimer:**
This is just a technical analysis and does not constitute financial advice. Please do your own research before making any trading decisions.
TATASTEEL READY FOR ATH?TATASTEEL can give good upside move above 1229 zone R:R the setup can be used for positional trade.
SL and Targets mentioned in the chart.
NIFTY - A medium term bullish scenario NIFTY has a support zone of 16.800-17,000. If this base remains intact in Feb, We have 20K in a short while
Nifty Trade Plan for 08 DEC 2021Expecting a gap up opening in Nifty.
In case Bullish Breakout is taken out on upside we can expect 17500.
Any pull back is a buying opportunity.
If you get nifty around Bearish Reversal zone or R1 and support confirmed we can go long.
Being RBI event , can expect good volatility hence trade safe.
