Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Nifty and Banknifty Analysis for 28th august 2024 using Smart money concepts
Ltts at breakout pattern Key points : - 1. Rsi 60 crossing on monthly chart 2. Dii increase thier holding in company 3. Weekly rsi above 60 THIS NOT BUY SELL SIGNAL JUST ADD TO YOUR WATCHLIST AFTER BREAKOUT YOU CAN CONSIDER
Chart is showing bullish signal. Inverse H&S formed on weekly chart. One can go long with the setup for a target of 220+ in near term. Disclaimer - Not a Sebi registered advisor. All opinions are for educational purpose. Please do your own research or seek guidance from financial advisor.
Golden opportunity in Maruti Suzuki with Trend line stop loss closing basis
HCL has been testing the strong resistance around ₹1700 since February 2024. Recently, it broke through this resistance with robust volume, establishing a new strong support level at the previous resistance. The stock is also forming a classic cup and handle pattern, a bullish technical formation. Given the current momentum in IT stocks and the strong volumes...
WIPRO breaking inverse h&s reversal pattern with huge volume,strong rsi #target 580 soon educational idea
Hi, BAJAJFINSV is making symmetrical tringle pattern after along consolidation. Support is 1520 and target as per pattern is 2660.
The National Committee for Transmission (NCT) has recommended transmission projects worth ₹22,540 crore for the Ministry of Power's approval, marking a significant push towards enhancing India's power infrastructure. Genus Power known for manufacturing and supplying power infrastructure equipment, including meters and other electrical components. Genus could...
if UPL crosses 60 RSI. We have a 3 frame target of 746 in 2 quarters. PE is negative so caution suggested. Pure technical call. Please look for fundamentals.
On the weekly time frame, gold is in 5th wave , Let's count the wave inside the 5th wave on the daily chart. 1st wave: $1609 to $2068. It looked like a springing bounce. 2nd wave: $2068 to $1810. It was a deep correction between 50-60% of wave 1. 3rd wave forecast: 261.8% of wave 1 is @ $2997. Inside the 3rd wave, I have labeled waves in a green color. 5th...
BSOFT CMP 666 - Traders & Investors Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone. Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as...
☘️Fundamental Analysis Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates,...
The 200 dma is providing resistance on 1 day chart, the upward rally has been sharp, stock is in downtrend. This shows opportunity to short stock
MCX:CRUDEOIL1! Good to short below 6440. (Wait for 5mint candle to close below 6440) Targets :- Level 1, 6370 Level 2, 6340 Level 3, 6300 Achievable targets are mentioned in chart as well 👉🏻@thetradeforecast 🇮🇳
Hindustan Unilever Ltd. @ 2777 Sector: Household & Personal Products Strong Performer Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators 52 Week High 2834.95 52 Week Low 2172.05 All Time High 2859.30 All Time Low 100.50 Book Value Per Share 217.99 Dividend Yield: 1.5 Sector...
Here is my plan for this counter Trend: Stock is in an uptrend within an upward channel. Pattern: Rounding Bottom: Formed within the upward channel. Triangle: A consolidation triangle on the right side, suggesting a potential breakout. Price Action: Near the apex of the triangle; potential for a breakout. Momentum: Bullish momentum as the price is...
HAMPTON 30 is very Nice looking buy not sell buy recommendations only education purpose