JIOFIN 1D TFNSE:JIOFIN , In the previous post discussed the stock broke a demand zone with strong bearish candle, but is now forming a stong bullish candle.This could be possible liquidity grab. This is a risky entry but could be traded for a 1:1.5 R:R.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
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NTPC 1D TFNSE:NTPC has broken a trend line which I have posted in previous post. The stock could be have been traded in two ways.
Trade 1:
Entering the market as soon as the stock broke the trend line.
The stock has reached 1:1.5 and is running in profit.
Trade 2:
Waiting for another bearish candle or a retracement. The stock formed another bearish candle and If I have traded below that the stock is running in profit and I am waiting for the market to achieve a 1.5 reward.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFAs we discussed in the previous posts NSE:JIOFIN has broken down a strong demand zone. A trade can be taken here with good profits.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GAIL 1D TFNSE:GAIL has retraced from a demand zone and has gained liquidity and is coming down again. We could take entry with a R;R of 1:1.5. And the possibility of this trade winning is more as there are many confirmations associated with this one.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
TATASTEEL 1D TFAs discussed in the previous post NSE:TATASTEEL was moving around a trend line which it has broke down now. The stock could be traded with strong confirmations only.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
TATAPOWER 1D TFNSE:TATAPOWER broke a trend line and is moving around a demand zone. The market need strength to break this demand zone hence waiting for the entry is good. If the market breaks the demand zone with a good candle or if a retracement occurs the entry could be taken.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
VEDANTA 1D TFNSE:VEDL has broken down a trend line pattern with a good bearish candle. The trade could be taken with a good risk and reward.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PFC 1D TFWe've spoke about NSE:PFC forming a triangular pattern in the previous post. Now the stock is moving up breaking the triangular pattern. But I would wait for a retracement or another strong bullish candle in order to enter this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
POWERGRID 1D TFIn the previous post, I've posted that NSE:POWERGRID is in a demand zone and will retrace. But the market hit stoploss in that trade. Now we can clearly see that NSE:POWERGRID has gained liquidity and moving up. Though a strong bullish candle can be seen. This is a risky entry. Hence be cautious and look for confirmations before entering the trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NTPC 1D TFAs discussed in the previous post, NSE:NTPC has broke down a trend line and is moving down. But i would wait for multiple confirmations (a retracement for example) in order to enter this stock. As the trendline is not too strong, waiting for a strong confirmation is good before entering the trade
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BEL 1D TFAs we discussed in the previous post, NSE:BEL is trading in parallel zone pattern and can break out at any moment.As nifty is also moving up from an support zone I hope the chart will move on the upside. With proper confirmations this trade could be taken with a good R:R.
The link to the previous post is attached below..
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
TATASTEEL - 15m TFNSE:TATASTEEL has formed a clear support line ( Trend Line) with multiple touch points, as the month TF didn't have any break of structure(BOS) on the sell side, the market is still considered to be in uptrend. Moving down to the 15m TF the market has a resistance with multiple touch points and if it breaks the resistance zone with a good volume a long position could be expected.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:TATASTEEL
BEL As stated in the previous post, NSE:BEL is forming a parallel channel pattern which looks like will be broken on the upside. If the market moves upward breaking the pattern with good volume and a good bullish candle a big move could be expected.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:BEL
NTPC 1D TFA trend line pattern has been formed in NSE:NTPC . It has multiple touch points which has made the trend line a strong one. Let us wait for the stock to react from the trendline
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFNSE:JIOFIN has shot up from a support zone which has multiple touch points and a very strong one. The stock bounced back with a strong bullish candle. With multiple confirmations the stock could be traded.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
ZOMATO 1D TFNSE:ZOMATO has been moving around a support zone for a long period of time. Now after taking support from the zone the price has moved up. A strong bullish candle along with strong volume suggests that the stock will move upward. Keeping the stoploss below the zone and having a risk-reward ratio of 1:1.5 the trade could be executed with a good winning possibility
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
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.
Avanti Feeds NSE (Mid to Long Term)Date- 15 March 2024
Time - 10 Am
Points to be Noted-
1. As we can see, Avanti Feeds breakout from its long-term triangle formation with Inverted Head & Shoulder Chart Pattern with strong Volume Green Candle.
2. As supporting indicator MACD is showing Seller Exhaustion with decent bullish movement so far.
3. I know we are little late but one more concept call, Poisitve Order Block with FVG (Fair Value Gap) is also applied now for more bullish confirmation.
Approx Targets we can see in Chart as per previous resistances and +order block.
Close this trade if Price move down and close below 420 on a weekly candle.
Thank You!
INTL CONVEYORS by KRS Charts8th Oct 2024 / 10:02 AM
Why INTL CONVEYORS ❓
1. Fundamentals are Good despite having Low Stock Price and P/E Ratio is under 10. ⚡
2. Accumulations are visible at bottom side multiple times ❗
3. Golden Zone is satisfying on 1W TF and Now retesting Price on Resistance as well as on Golden Zone 🔅
4. In Feb 2024, Big Green Candle with Strong Volume justified as a Buyers Trap ✅
5.Also, for more Bullish Support, +OB with FVG is also visible as we can see in Chart. 📊
6. Today in 1D Price is at 100 EMA underneath 📌
Target for INTLCONV will be ~124 Rs Short Term and Further will be Revealed Later 👍
TVSMOTORReasons for considering a long position on TVS Motor:
1. Price at Support Zone: The daily horizontal support zone indicates a level where demand has historically been strong, which could push the price higher from here.
2. Above 200-Day Moving Average: Trading above this long-term moving average suggests a bullish trend, as it’s a widely-watched indicator of a stock’s overall direction.
3. Positive Relative Strength Against Nifty: Outperforming the Nifty shows that TVS Motor has stronger momentum, a good sign of investor confidence in this stock specifically.
4. Nifty Auto at Support Zone and 200-Day Moving Average: The sector’s overall strength at support, combined with it holding above the 200-day moving average, adds a supportive macro backdrop.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
TATA STEEL 1D TFNSE:TATASTEEL has been respecting a trend line for a very long time. We've discussed about this in our previous posts. The stock has formed a good bullish candle showing signs of possible bullish movement. A R:R of 1:1.5 can be traded in this trade. As the volume is good and supporting our audio. The possible of winning this trade is more.
The link to my previous post is given below where we've discussed about the consolidation. You can check the post for reference.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BANKOFBARODA 1D TFNSE:BANKBARODA has been forming a consolidation for a long time which it has just broke. The market has broken the consolidation and is moving up. The candle that broke the consolidation is a good candle (though it is not a very good bullish candle). The volume is good. Hence a 1:1.5 RR trade can be entered.
The link to my previous post is given below where we've discussed about the consolidation. You can check the post for reference.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PFC 1D TFNSE:PFC is forming a descending triangle pattern, with multiple touch points on both side. A break down can be traded but only with confirmations. Strong candle with good volume can be a good signal for getting into the trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades