NSE:CNXFINANCE Index closed near 22520 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 2.36 Lakh 22800 Strike – 1.13 Lakh 22500 Strike – 1.11 Lakh Put Writing 22600 Strike – 1.22 Lakh 23000 Strike – 1.16 Lakh 22500 Strike – 1.00 Lakh Index has immediate support near 22400 level and if this...
NSE:NIFTY_MID_SELECT Index closed near 12250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 7.54 Lakh 12400 Strike – 6.05 Lakh 12800 Strike – 5.32 Lakh Put Writing 12000 Strike – 6.57 Lakh 12300 Strike – 5.71 Lakh 12200 Strike – 4.74 Lakh Index has immediate support near 12100 – 12000 range...
Bank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days and is now consolidating near the 15-minute and 1-hour support levels. Immediate Support: 49,620 Immediate Resistance: 50,420 and 50,700 If the support at 49,620 is breached, we could potentially see a move down to the 48,850 level. Watch these key levels...
As per Elliott WAVE theory if the HDFC bank is running impulsive WAVE 3 and then it is yet to form wave (v) of wave 3. For that it need to move higher than recent high of 1681 and as there is trendline resistance around 1687 so most likely HDFC bank will face lots of resistance in the range of 181-1700 and will come down a little bit in the form of WAVE ABC -...
After falling, price is moving within the range at the support zone. Price have to break the trend line resistance to move up. Pattern : Range. Range : Medium. Trend strength : Normal. Buy Above : 49860. Stop Loss : 49780. Targets : 49940, 50020, 50100, 50220 and 50400. Sell below : 49640. Stop Loss : 49720. Targets : 49580, 49500, 49380, 49300 and 49280. Check...
Technical Analysis - After breaking out at ₹150, the stock reached ₹300. - It consolidated in a range for 6 months before breaking out again in June 2024 to touch ₹450. - The price has now retraced to the ₹300 level, retesting previous support. - Fibonacci Retracement: Currently in the golden pocket zone. - RSI: Indicates a healthy momentum. - Moving...
Bearish - 1. If Solana breaks the trendline, we can see the dump 2. Above we have a 200MA which will be acting as a resistance. 2. There is an order block just near the 200MA We can open up the short positions if Solana break the trendline Bullish In case Solana gives a break to the upside with a heavy volume then we can open a long position but there is a...
15 min Timeframe Solana is creating a bull flag on the 15-minute chart, But on 1-hour timeframe, there is 200MA which will work as a resistance. If SOL gives a break down then it will give a nice short setup up which will also break the up trend channel in the 1hr Time frame If it breaks up then it will break the resistance level, and we can create a long...
15 Min timeframe - Bitcoin is moving in a channel when the price is increasing and we can not see the volume, It is moving toward the range of 58600, where we can see the rejection. In case BTC break below the channel,, we can open the short position it will be a low risk high reward setup
Golden Cross Over Rising RSI > 60 Fundamentally Strong Overall Indian Chemical Industry is improving. Targets : 840/872/911 SL : 790 (Will Trail with SL) (Enter trade only if market sustain green)
bpcl lookng quite good and withstanding all the selling pressure and market weaknes, very strong holding up and showing great strength.
IREDA - Beauty of charts !! Initially i spotted this chart forming VCP pattern, post which the stock ran up to 300. (see my prev. post) Post correction, the stock now is forming potential Cup & Handle Pattern. Educational Tip : Please spend some time on chart patterns. My Fav. being Flag & Pole, C&H and VCP. View valid above 268 for target of 300, 415 and...
The major indicators signifying bearishness, as EMA bands showed price traded below the death cross, and MACD showed a bearish cross. However, the RSI showed a resurgence from oversold territory, where it flashed at 31.04. Therefore, the resistance is at $15 and $17, which is followed by the supports of $8 and $6, respectively.
Nifty50 Support And Resistance 8-Aug-2024 Please find Above simple resistance and support 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: I'm not 𝐒𝐄𝐁𝐈 Registered.
Gold Intraday: under pressure. Pivot: 2403.00 Our preference: Short positions below 2403.00 with targets at 2378.00 & 2365.00 in extension. Alternative scenario: Above 2403.00 look for further upside with 2417.00 & 2431.00 as targets. Comment: As long as 2403.00 is resistance, look for choppy price action with a bearish bias.
The current trend of US Oil is bullish by breaching the resistance at 73.69. Expecting further rally on account of tension raised at Middle East .
Technical Analysis:Naturalgas (1-Hour Timeframe) Short-Term Outlook: Bullish Trade Setup: Target 1 - 178 Target 2 - 182 Risk Management: make sure to put stoploss Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future...
VENKEYS is moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart. The Price has again bounced after touching the bottom of the channel Key Points: Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the...