Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
234.25 Levels for Positional Trader.
Stop-Loss:
Around 198.58 For Swing Trade and Recent Base for Positional Trader.
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Oscillators
SBI LIFE Looking Good Made A Good BaseNSE:SBILIFE is looking good. It has made a base around 1395-1338; today, it broke above major Levels.
The RSI and MACD are Showing Strength.
Results are Due in a few Days Watch Closely.
F&O Activity:
Short Covering Seen Today With PCR of 0.70 and 1400 PE as Strong Option Base.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
Around 200 DEMA For Swing Trade or 1660 Levels for Positional.
Stop-Loss:
Around 20 DEMA For Swing Trade Recent Base for Positional Trade.
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NIFTY - Bullish while trading in between 2 strong trendlines
STRONG SUPPORT TRENDLINE -
market has reversed from a very strong support trendline recently indicating potential upward momentum. This trendline had previously been tested 3 times & each time market went significantly upwards afterwards
STRONG RESISTANCE TRENDLINE -
market is also nearing a strong resistance trendline which had been tested earlier by forming a double bottom pattern
OVERBOUGHT INDIAVIX -
indiavix has recently become overbought indicating correction which in turn will cause the market to go upwards
Newgen in Blue Sky.NSE:NEWGEN showed a strong upmove today Crossed Key Levels and Hit an all-time high, with RSI bouncing back Sharply again.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.
For Postional Trade let it cool down a bit and then try to enter at swing low.
Target(Take Profit):
1977 will be Levels for Swing/Positional Trader.
Stop-Loss:
Around 1534.15 For Swing Trade and Positional Trader.
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Biocon Higher Lows and Key Levels Broken.NSE:BIOCON today made higher Lows and Broke Out Key Levels, with RSI and MACD showing a Bullish Momentum, a Swing up to 400 Looks Good and Postionally 450.
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Banknifty Bullish Harmonic Pattern Moving AVG Support__RSIHello everyone,
banknifty fall consecutive 6 days trading at 8 months low 48700 RSI Positive divergence,
Bullish harmonic pattern and flag in making while nifty W in making So reversal possibilities also Maving avg band support overal confluence support with ocsillators bullish.
bullish reversal banknifty,
Banknifty Bullush Harmonic,
banknifty bullush flag,
Banknnifty RSI oversold and positive divergence,
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Nifty 50: Key Levels to Watch for Tomorrow’s Trading SessionNifty 50 Index Analysis
Timeframe: 15-Minute Chart
Current Price: ₹23,990.15
Key Levels to Watch:
Resistance Zone:
Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target).
Support Zone:
Immediate support at ₹23,927. A break below this level could lead to ₹23,788.
Bullish Scenario:
Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum.
Bearish Scenario:
Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum.
Indicators:
RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens.
Conclusion:
Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively.
Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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ITI Getting Accumulated HeavilyNSE:ITI is getting Accumulated Heavily with Volumes since the Past 3 Breakouts I have given trade ideas earlier. It looks like this pattern will continue after it cools down again.
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Sundarmfin Breaking OutNSE:SUNDARMFIN today broke out with RSI and MACD showing Buy Signal. Major Support and Resistance are shown on charts
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TAJ GVK Breaking Out Major Resistance with volumesNSE:TAJGVK is breaking out major resistance with volumes today with RSI and MACD showing strength.
If it retests it's breakout Levels good opportunity for a swing trade.
NSE:TAJGVK incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”
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ITI Looking Strong NSE:ITI is looking Strong and Trading above 200 DEMA and RSI showing Strength with Recently Huge Accumulation Seen and looking good for making New ATH.
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Greaves Cotton getting accumulated for Positional Trade.NSE:GREAVESCOT is getting accumulated for Positional Trade, as per the price action and volume analysis in the past few days since its subsidiary IPO was announced. MACD and RSI have been overheated but positive.
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Saurashtra Cement Crossing Key Levels.NSE:SAURASHCEM today crossed key levels and traded above 200 DEMA, with RSI and MACD showing a Buy Signal.
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Eyes on Life Insurance Corporation of India (LICI)!!!This idea highlights a potential buying opportunity in Life Insurance Corporation of India (LICI).
Key observations:
- The stock has experienced a 28% decline from its recent high, entering a key support zone.
- The Stochastic Oscillator is below 20, indicating oversold conditions and the possibility of a reversal.
Trade setup:
- Entry: ₹895
- Stop Loss: ₹856 (below the support zone to limit risk)
- Take Profit: ₹1194 (targeting a significant rebound)
This setup combines price action, support zones, and oversold signals to identify a high-probability long trade. Always perform your due diligence and risk management before entering a trade.