Get started

Nse

VEDL can break multiyear consolidation.NSE:VEDL VEDL is consolidating for near 13 years now. For these many years consolidation means complex correction in Elliott Wave Theory. I label the counts on chart it's clear that VEDL is on last phase of WXY corrective wave. But wave Y is not yet completed I think. I think VEDL will go near demand zone at least for completion of wave Y which is also near 200 day exponential moving average. Wave 3 is always strongest in price movement and in volume. So, after wave Y wave 3 of Supercycle wave will start to form. In most of cases after this many years of consolidation stock moves sharply in it's main direction and in VEDL it will be bullish. Good For Long Term My targets for VEDL are:- 1) 800/- which is 1.618 reverse retracement of Supercycle wave 1. 2) 1300/- which is 2.618 reverse retracement of Supercycle wave 1.
NSE:VEDLLong
by swaaapnil
2
Nifty PreMarket Analysis : 16 Oct'23 NseMcxTalksStrategy : Trend Lines and Support /Resistance Support : 19680 Resistance 19860 Entry levels: Today Nifty might open flat with a bearish bias. The range of trade expected to be in the range of 19680 to 19840. Buy above 19860/or bounce from 19680 for Targets of 19900 19940 Sell if the Trendline is breached for downsides upto 19630 19560 and 19500 Important Events: Today, we have a results announcement of the HDFC Bank. This will be the first Quarterly results announcement of HDFC Bank after the merger of the HDFC bank with its parent HDFC arm. The market expectation is upbeat on HDFC bank and expects a 30 plus percentage yoy. But, there will always be a teething issues during any merger and it requires a quarter, if not two to iron out these and to get the operations and financials optimised. These are my Nifty Premarket analysis and refer my Trade updates in Ideas/minds. Disclaimer: For Educational purposes. Not recommendations. Hit Like and Follow for update notifications.
NSE:NIFTYShort
by iTechnIndica
Short Term view on NIFTYToday nifty gap down from the resistance of value area (Range) and touched control value area or small range within big range's and acted as support for price and form doji. Because of Doji market is uncertain to predict because of Island reversal too. To increase the probability of the prediction that the market or trend reversed or not yet. price must have to fill the today's gap. Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal. For Bullish view market must have to fill the today's gap first. NSE:NIFTY
NSE:NIFTYLong
by swaaapnil
Swing Buy Opportunity in Ambuja CementsRefer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:AMBUJACEMLong
by rkinspiro1
WESTLIFE - 2 Possible Entries with Inverse Head and Shoulder🙌 Welcome to another educational analysis, where we'll discuss the recent breakout of WESTLIFE from an Inverse Head and Shoulder pattern. Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst. 📊 Key Details 🚀 WESTLIFE broke out of the Inverse Head and Shoulder pattern on June 1st with significant volume, reaching an all-time high level. Let's discuss the two possible entries: First entry: Above 852, which is the breakout candle's high. Second entry: At the retest of breakout at neckline . For both entries, ensure the Stop Loss (SL) is placed below the neckline around 800 to manage risk effectively. The first entry is more suitable for aggressive traders, while the second entry provides a safer option for both aggressive and conservative traders. 💡 Technical Terms Explained 💡 Before we proceed, let's clarify some technical terms used in this analysis: 💡 Inverse Head and Shoulder pattern: A reversal chart pattern characterized by three troughs, where the middle trough (the head) is lower than the other two (the shoulders). The neckline connects the highest points of the two shoulders. 💡 Breakout: When the price of a security moves above a certain level of resistance, indicating a potential upward trend continuation or reversal. 💡 Neckline: The resistance line connecting the highest points of the two shoulders in an Inverse Head and Shoulder pattern. It acts as a crucial level to monitor for potential breakouts or breakdowns. Remember: Always conduct your own analysis and risk assessment before making any trading decisions. 💪 "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." 💪 💬 Feel free to share your observations and insights in the comments section. Your comments and feedback are greatly appreciated. Don't forget to like this analysis if you found it helpful! 🤝 Thank you for your continuous support, likes, follows, and comments. Your engagement keeps me motivated to consistently provide valuable content. ✅ For more articles and trade setups, follow me on TradingView: in.tradingview.com Remember to conduct thorough research and exercise caution while trading. Happy trading! 📊📈💪
NSE:WESTLIFELong
by AfnanTAjuddin
01 Sep ’23 Post Mortem on Nifty - Neutral b/w 19563 & 19788 Nifty Analysis Recap from yesterday: “For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours — I wish to change my stance to neutral to a wait and watch mode.” Firstly my bearish call did not work out today - that disappointed me a bit.Since the momentum has faded - it also makes sense to move to a neutral stance today. Opening was inline and the first 2 hrs of price move were in alignment to the action from friday (notice the continuous blue line drawn). What didnt make sense was the 133pts ~ 0.68% rally from the lows to 19734 levels by 13.00. Another 60 odd points - we would have gone into the bullish zone. One major news that broke today was NSE’s plan to extend the trading hours to 6 to 9pm as a separate session - source. Looking at the time slot, I guess its to include the office goers into this betting arena. We are already overdone with daily expiries, adding extra trading hours to bring in more participation may not work in the best interest of everyone except maybe the exchanges. Professional traders will always prefer reform stability over flexibility. If we push it too hard - these people may abandon ship and move to US markets. NSE has already said 9 out of 10 people lose money in derivatives. 90% of full time traders are not able to go profitable - how likely is it that part time traders who jump in between 6 to 9pm expect to make money? Trading itself is a stressful activity, its because we handle the frustration of going wrong along with losing money. 09.00 to 15.30 is usually a period where we remain absolutely focussed, distraction free & dedicated. People like me even eat lunch at the trading desk. Just imagine if we have to dedicate 18.00 to 21.00 also with a similar intensity - wont the work life balance be affected? On the 1hr TF, Nifty will have to break down below 19563 or break out above 19788 for a trend determination. I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.
NSE:NIFTY
by viswaram
Technical Analysis of Bank Nifty for Tomorrow Technical Analysis of Bank Nifty for Tomorrow (26 September 2023) Support: 44500 (Big Support) 44700/44600 Resistance: 45000 (Big Resistance) Overall Analysis: The Bank Nifty index is currently in a consolidation phase, with a strong support zone at 44500 and a strong resistance zone at 45000. If the index breaks below 44500, it could fall further to 44400 or even lower. On the other hand, if the index breaks above 45000, it could rally to 45900 or even higher. However, it is important to note that the 45000 strike price has a huge concentration of call writers. This suggests that there is strong resistance at this level. Therefore, traders should be cautious before taking any bullish bets on Bank Nifty. Trading Strategy: Bullish Traders: If the Bank Nifty index breaks above 45000, bullish traders can enter long positions with a stop loss below 44900. Bearish Traders: If the Bank Nifty index breaks below 44500, bearish traders can enter short positions with a stop loss above 44700. Overall, the Bank Nifty index is likely to remain in a consolidation phase tomorrow. Traders should be cautious before taking any bets on the index. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by santubittu
Technical Analysis for Nifty50 for Tomorrow**Technical Analysis for Nifty50 for Tomorrow - September 25, 2023** **Overall Outlook** Nifty50 is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 19,700, then the 19,600 level will act as a support. On the upside, the resistance levels are 19,800 and 19,900-20,000. **Support and Resistance Levels** **Supports:** * 19,600 (strong support as per OI data) **Resistances:** * 19,800 * 19,900-20,000 **Trading Strategy** * **Buy:** If the market trades above 19,800 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 19,600 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Nifty50 is a broad market index, and it is sensitive to global market trends. * If the global markets continue to remain negative, it could weigh on Nifty50 as well. * However, if the market opens above 19,700 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade. **Disclaimer:** This is just a technical analysis and is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
NSE:NIFTYShort
by santubittu
NIFTY INTRADAY LEVELS FOR 18/09/2023 (HAPPY GANESH CHATHURTHI)" HAPPY GANESH CHATHURTHI " " MAY THIS GANESH CHATHURTHI REMOVE ALL YOUR HURDLES BRING YOU PROFITS " BUY - 20200 SL - 20170 TARGETS - 20280,20380,20470 SELL - 20140 SL - 20170 TARGETS - 20110,20040,19950 NO TRADE ZONE - 20140 to 20200 Previous Day High - 20222 Previous Day Low - 20134 I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Please NOTE: this levels are for intraday trading only. Disclaimer - [/b ] All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADIN G 👍
NSE:NIFTY
by Jagadheesh_JP
1
Bank of India: Target 10% with 1:1 Risk-RewardAs we can see at the chart, the price has made a significant upward movement, breaking out from a pattern called a 'symmetric triangle.' Currently, the price is trading above a specific line when we observe it on a daily basis. There are two ways we can consider entering a trade: 1.If the price comes back to the breakout level (resistance) and stays above it, we can consider entering the trade. 2. if the price doesn't retest the resistance, but instead shows a strong increase in trading volume with a noticeable large candle, that could also be a good signal to enter the trade. We can aim for at least a 10% gain from this level while maintaining a reasonable 1:1 risk-reward ratio It was just for demonstration purpose, Do not take it as reccomdation.
BSE:BANKINDIA
by BullishLine
2