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NIFTY at critical juncture - Breaking out of Strong ResistanceNifty has been in a correction for roughly 6 months and now it’s breaking out of the falling channel which coincidently intersects a Strong Resistance at the breakout point. The significance of a Support & Resistance line increases when the price reverses at the same point multiple times. This Resistance line on the chart is strengthened at multiple points during this correction (TouchPoints marked on the chart). The cherry on the cake is that the breakout has not taken the price too far away from the resistance line. We may get a good risk/reward ratio if it sustains above the line. If the price sustains above 17670, it will continue higher with the nearest resistance at 17800 which can act as a target in a smaller timeframe. The next target at 18350 on a higher timeframe. The chart may actually form Doji’s or Spinning tops because the Resistance is too strong, and also it is the upper line of the falling channel. Indicators are flashing green with strong RSI and MACD in positive territory. One should wait for confirmation of breakout above 17670 before going long. If it fails to sustain above the resistance and forms a bearish candle, it can be a good trade opportunity for sellers. Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
NSE:NIFTYLong
by Sai_Kumar
4
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 11-04-2022LEVELS 29-11-2021 NIFTY RES- 1. 37950 2.38160 17820 3.-------- 17900 SUP-1.37550 17700 2.37400 17600 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:BANKNIFTY
by maverick_trader2002
TRADING PLAN FOR NIFTY AND BANK NIFTY FOR 11-04-2022LEVELS 29-11-2021 NIFTY RES- 1. 37950 2.38160 17820 3.-------- 17900 SUP-1.37550 17700 2.37400 17600 This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick Trader #maverick #trader #mavericktrader #india #nse #bse #stock #markets #stockmarkets #trading #investment #nifty #banknifty #bank Channel run by K.G. Varoon Dhruv Shah
NSE:NIFTY
by maverick_trader2002
TATAPOWER - Simple AnalysisNSE:TATAPOWER Tata Power technical outlook: If it continues the momentum then 260 is possible in next 10 days. It is very bullish above 270. Can Tata Power repeat what Adani Power has done? Probably Yes. Should you invest aggressively at this point? No. Wait for the breakout. Can it fall from these level? Yes, it can but that will only give buying opportunity and my opinion will be to buy near the support zone. NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
NSE:TATAPOWER
by babutaaniket
Lemon Tree Hotels ready for the uptrend!🤩💸🔥Buy Lemon Tree Hotels for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . 💡Expansion Plans: The company has planned projects which will increase the number of hotels by 22 and the number of beds by 2,200. The projects are expected to complete by 2022 which will bring the company's network to 100+ hotels and 10,000+ beds in operations. . ✔️ Technically & Fundamentally Strong💪💪 Good QoQ & YoY Q3 result. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Don't compromise on the quality of stock. 2. Buy Right, Sit Tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues. 3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%. 4. Build position gradually as the stock rises. ⁠5. Trade in the direction of the bigger trend. 6. Ride the trend, don't sell your winners early. . Like, Comment & Share 😄😄😄
NSE:LEMONTREELong
by technofunda_trader
BANKNIFTY for upcoming week (4 April,22 to 8 April,22)Banknifty closed the previous week with a huge momentum candle on upside. With this momentum it is very likely that bnf will reach towards the couter-trendline Also bnf is in a broad channel like pattern. With breakout of this pattern will add more upside. support on downside are---- 35080 34181 Resistances on upside are---- 38187 39054 I will plan my trades according to these levels for upcoming week. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:BANKNIFTY1!
by architk