NIFTY INTRADAY SUPPORT AND RESISTENCENIFTY 50
Time Frame = 15 Min
Pattern = Continue in channel
Pattern Type = Bearish (sideways)
Parallel Channel
CocaColaDid the big hand selling the coca-cola stock at this point of time.
Though it's very difficult to identify the next move however this is just a try to find the distribution in price
Samsungelecsince jan 2021 Samsung electronic is under selling pressure in parallel channel mode. after trying to cross 2 time still this is not able to cross the upper edge of the channel.
however this time looks to be different. It has touch the lower edge of long term channel. So I am expect the up move to continue
India Mart AnalysisHello Everyone, Today i am back with a wonderful share to swing Indiamart as you can see that there is a Inverse Head and Shoulders, a Channel and Rounding bottom which is a very bullish sign, destroying the chances of bear as stock has moved up also. This is just an opinion and do it on your own or by asking your financial advisor.
MirzaInt#Mirzaint creates a #range and when the close above 265 with #stoploss 230 then #targets are 300-325.
DFMFOODSsince 2017 it has formed a parallel channel and considering the previous monthly candle are we in good position to say this is the TOP formation?
Is Maruti is planning for a breakout?What do you think? Let me know. Also, don't forget that it is a simple analysis only and not a recommendation. Please do trading / investing with your own respnsibility. This post is only for educational purpose.
RAIN INDUSTRY LONG TERMRAIN INDUSTRIES :
On Weekly Time Frame it shows break out is awaited within few days, may be in the very next week. If it breaks out (Whose probability is high as it is currently supported by 200 EMA) , long term target would be 340 with some resistance at 240. with a very small SL , one can plan a long-term profit booking from this stock.
Stock PE : 4.50
Industry PE : 13.60
Market Cap : 5644 Cr
LTTS CMP 3612 dated 10-2-2023 LTTS CMP 3612 dated 10-2-2023
1. Parallel Channel BO @ 3550
2. Triangle BO @ 3550
3. Last Candle is Doji Candle.
Buy above 3640 for target 3725-3795-3915 SL 3500
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
VBL - POSSIBLE UPMOVEVBL @929 CMP, Broke out both triangle and Channel pattern. TGT1-1010 with VERY STRICT SL @ 900.
AVTNPL - POSSIBLE UP MOVEAVTNPL @ 96.70 CMP , Broke out triangle pattern. TGT1-104(7%) & TGT2-115(20%) with SL @ 83 on DTF.
Educational purpose.
Channel BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Swing buy idea : MHRILWith stop below the second green line
a strong candidate for a 4 to 5% up move
Mahindra Holidays & Resorts India Limited is a leading Indian company that provides holiday accommodation and vacation ownership. The company is a subsidiary of Mahindra Group and was founded in 1996. Its headquarters is located in Mumbai, India.
Mahindra Holidays offers a range of services and products that include vacation ownership memberships, holiday packages, and associated amenities like resorts, clubs, and restaurants. The company has a portfolio of over 60 resorts across India and abroad, offering a variety of experiences to its customers.
JBMA
NSE:JBMA
This Stock has broken the 6month long consolidation channel with good volumes.
Divergence in 50/100/200 EMA is also visble.
One can buy in dips with 20EMA as Stop Loss for Short Term and 50EMA as Stop Loss if you wanna have a Long Term positon.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Fusion Micro Finance DailyFusion Micro Finance Daily Chart. Stock Posted Good Quarter Result. Breakout Soon Candidate. Keep in your Watch list..
Thermax has taken support from last support levelThe stock has confirmed its reversal. Its time to accumulate the share.
But the safe trader cannot enter yet. The trend lines need to be taken out for a safe trader to enter.
Thermax is old company which has shown massive returns recently.
The company owner family is amazing and down to earth, they have Mr. Tata level vibes. Which is a symbol of trust for me.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions
Ei hotel WeeklyEIH LTD stock posted good results in this quarter. In technical stock moving in a channel. Also downside support visible.
Mighty Nifty - Expiry Day Analysis Feb 9Yesterday downward channel gave upside break out and formed rising wedge pattern. Buy above 17910 with the stop loss of 17880 for the targets 17940, 17980 and 18020. Sell bellow 17830 with the stop loss of 17860 for the targets 17800, 17760 and 17720. Expected expiry day range is 17750 - 18050.
Mighty Nifty - RBI Day Feb 8Price is moving in a downward channel. Buy above 17750 with the stop loss of 17720 for the targets 17780, 17810, 17840 and 17880. When price moves within a range before break out, patience is tested Sell below 17690 with the stop loss of 17720 for the targets 17660, 17630 and 17600.
BAJAJ FINANCE ELLIOTT WAVE COUNTNSE:BAJFINANCE seems to have completed wave 2 correction.
It shall be heading higher in Wave 3 of extended wave 5 of Bull Market.
VBL - Parallel channel and box patter breakoutVarun Beverages Ltd has given parallel channel as well as box pattern breakout. It can give 10% from here.
SL is bottom of the channel which is 1123.
Nifty Intraday Trading Support & Resistance levels for(06-02-23)NSE:NIFTY
Hey traders this is Nifty Chart Analysis for 06 feb 23 let's see how the events are unfolding for nifty.
#Option chain - ATM & OTM Puts written and ITM Calls Unwinding - Indication of High Probability bullishness.
#Put Call Ratio form last 3 days as follows.
1st Feb - 0.54
2nd Feb - 0.78
3rd Fed - 1.11
as you can see its increasing sign of bulls strengthening.
1.Channel formation in nifty
2.Closed around channel + TL resistance zone.
3.Bar forecast for a pullback is marked as symmetry to previous retracement.
Setup:- 1 . The long setup is only above 17900 for a target of next major resistance of 18000 and if breaks 18000 too then wait for price to sustain, above 18100 for further longs as it can trap many bulls by forming a false breakout.
Setup:- 2 . Short setup is below 17700 after channel break of 17725 with a projected target of width of channel 17600 followed by 17500.
Always use stoploss according to your risk capacity.
Please do your own analysis too, idea shared for educational purpose only.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Channel in NiftyNifty is forming a channel pattern with the possibility of an up-move.
If the channel breaks there is a possibility of upward movement till its all-time high.
