Support Levels: Historical Lows: Previous significant low points where the price has found buying interest. Psychological Levels: Round numbers or significant milestones often act as support (e.g., 4,000 or 3,500). Moving Averages: Key moving averages, like the 50-day or 200-day, can also act as support levels. Resistance Levels: Historical Highs: Previous...
Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
since it is taking support at previous support line we can expect price to go up in coming session.
Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
SBIN Stock Support on 200 EMA RSI above 40 (Long Term price Support at 730 if you are long term investor that you enter 50 % Near 780 or 50% add amount Near 730) SL 720 TG 885 Short term trader enter @785/775 SL 760, TG 825/885 Disclaimer :- : I am just share my personal view as a trader. : Everything I discuss is for educational purpose only. : Please consult...
Date 12.09.2024 Marico Timeframe : Day Chart Remark : Formed rising wedge & tested the zone of 686-692 for about 4 times in recent times, short interval. How long can stay invested after breakout, if any lets understand based on few key points from companies performance & balance sheet. 1 PE ratio of 79.20 which is high and comparatively - Very Overvalued 2...
As we can see, A sharp RECOVERY broke all it resistance leading to new NIFTY’s ATH end closed at important RESISTANCE for BANKNIFTY. Any closing above 51800-52000 level can lead to new ATH for BANKNIFTY too so plan your trades accordingly.
Cummins stock is trading near the high resistance zone area. There is a very high probability that the stock would break the resistance zone. Buy 50% qty @ 3870 and add more qty around 3880 after the clear breakout. This shows a strength in the stock. Also, the long-term trend is positive. Target near 4175-4200 with SL 3725. This is for your educational purpose only.
Expected Market Movement: Given the current setup, there is a possibility of a "dead cat bounce" scenario where SOL may experience a short-term rally, followed by a retracement into the $118-$112 range. This retracement could complete a "W" pattern, setting the stage for a subsequent rally towards the $200 region. Key Event to Monitor: It's important to keep an...
Study Suggest end of sideways in ultratech cement and new impulse wave can be started as today it formed bullish candle with volume Similarly bajaj finance also is about to break resistance resistance of 8 long months is about to break . this is only for study purpose
TGT: 1400, 1410, 1420, 1430 Good consolidation with emerging volumes. Today's Date: 12-09-2024 Waiting time is 15 days only. Within this period, it is going to touch TGT.
Zomato is making Double Bottom pattern at 1hr chart. Today it made a Hammer, clear RSI divergence. There is also Trendline Resistance, today it has taken support at an old support level. There is probability of going up from here. Buying seems above 248 because in case it goes down tomorrow then it may take support at 230-235 levels. For learning and educational...
study suggest : Wonderful candle that can change the trend Good bullish candle and with good volume seems the next impulse wave starts Lets enjoy the upside now and ride the rally
Nifty Bank gave a strong bullish move and is at the peak of the upper trendline of a parallel channel. If it breaks, there is a possible entry chance for long position. Note : for paper trading and educational purposes only
Name - HAVELLS Pattern - Ascending triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1996 Target - 2351 SL - 1957 Always welcome for any comments with your feedback or give it a like if you find it useful.
Disclaimer: The content provided here is for informational and educational purposes only and should not be considered as financial advice or a solicitation to buy or sell any securities. Always do your own research or consult with a professional advisor before making any trading or investment decisions. WaveTalks is not responsible for any losses that may occur...
Campus Inverted Head & Shoulder weekly charts Weekly chart strong reversal pattern possible entry at 316 30% upside
Name - KOTAKBANK Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Avg volume Cmp - 1827 Target - 1963 SL - 1757 Closing abv 1870 will Cup and Handle formation Always welcome for any comments with your feedback or give it a like if you find it useful.