Arvind Fashion has given breakout of Cup & Handle pattern on weekly time frame. If you observe there is a smaller cup and handle pattern as well in the larger cup & handle pattern. We can see price moving towards our targets of 560-685-950+. Other factors: 1. Weekly volume is great 2. RSI is +ive 3. Fundamentally company is doing great - from loss making to...
One cycle completed at 23300 level to watch ahead. The move started around 17600 in Jan 2023 with actual low coming in at 18 Jan 2024 at 16818.90. We a time cluster coming in at 05 Sept 2024 and 17 Sept 2024. price to be watched is 22587.50. Major support at 21400 level s till 19 Sept 2024 if Price comes to meet Time. Lets watch till then. Major breakouts above...
LTIM Pros Company has delivered good profit growth of 24.8% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years ROE 29.0% Company has been maintaining a healthy dividend payout of 41.2% Cons Stock is trading at 9.12 times its book value Promoter holding has decreased over last 3 years: -5.65%
Good morning, friends! 🌞 Here are the market directions and levels for September 9th. Market Overview: Global markets are showing a bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap down, as SGX Nifty is indicating a negative move of around -80 points. Both Nifty and...
Bank Nifty: Bank Nifty shares a similar sentiment with Nifty. The structure shows a 5th sub-wave within the 3rd wave (minor swing). Structurally, further long correction is less likely, so once the market faces rejection around the immediate support level, we could see a bounce back of 23% to 38% in the minor swing, potentially marking the 4th wave. This is our...
As we step into this trading week, the Nifty 50 index presents a mix of both bearish and bullish sentiments, driven by recent market movements and option chain data. Here’s a comprehensive look at the possible scenarios and the trading strategies to consider. 1. Market Overview and Current Sentiment **1-Hour Chart Analysis:** Looking at the 1-hour...
UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows. Disclaimer: This analysis is...
Banknifty support and resistance levels. Currently, the market has come down to the pattern I have drawn. also, yesterday broke down the ascending channel pattern. today it may take support on another trendline on the chart. plus, there is support at 50294.
Nifty support and resistance. note: support and resistance are dynamic, so I change the chart at every moment, I'll update the chart in the comments section.
NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly,...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....
After the Nonfarm News released, GOLD didnt break the last ATH, and now its on Down trend. We can look for SELL positions at 2507-2509 or 2512-2514 to follow the trend. My plan for Gold : SELL 2511-2514 SL 2516 TP1 2504 TP2 2501 TP3 2498 TP4 OPEN
It's looks M type breakdown in reliance chart in coming days. One can do their own analysis before take any decision.
NSE:USHAMART Hi everyone Usha martin has a great swing long opportunity. There are 4 confluences 1) Trendline support 2) EMA support (50weekly and 200daily) 3) Fib golden zone 4) W pattern breakout (daily timeframe) Thanks TradersTown
If we look at the chart, Religare has been going smoothly for some time and entering an area from where it had a breakdown. If the price manages to cross this zone and sustains the support, I guess it can go up from here. I will wait and watch.
GOOGLE - SWING TRADE IS GOING TO HAPPEN Entry would be around 146 and SL is 130 for the target all time high. Disclaimer: This is just for educational purpose.
I want to observe how the price will behave on the higher time frame for some time. After some consolidation, I will go for the buy side when it goes up again. Just, a simple analysis.
Dmart Is still expanding its branches we can see good consolidation and breakout and is above 200 dma disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk