HDFC bank tomorrow focus on it we will see 1.5 -2% upside move On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Pivot Points
Banknifty Confirm Targets Banknifty Chart Analysis with Support and Resistance
Banknifty Supports
Banknifty Support 1 - 46765
Banknifty Support 2 - 21815
Banknifty Support 3 - 21680
Banknifty Resistance
Banknifty Resistance 1 - 46300
Banknifty Resistance 2 - 46000
Banknifty Resistance 3 - 45550
bankNifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.91 ( Near to Bullish )
Max Pain As per Option Chain Analysis - 47000
Major Resistance as Per BankNifty Open Interest Analysis - 47000
Major Support as Per BankNifty Open Interest Analysis - 46000
Long Opportunity in Banknifty Trading
As we Know Banknifty changes trend in short term from all time High (48650) ,
This week First Buying opportunity will be above 46300 / 46000
Short opportunity in Banknifty Trading
If nifty Sustain below 46770 /47200 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
If you Like our Trading Plan Please Like and Share , For Live Trading support msg me.
RAIN Near/at BORain Industries has attracted loads of volume these past few weeks, infact I am bummed about this as I didnt catch it earlier.
Even then the stock is near a long weekly base BO and even attempted that this last week. For the daring ones, this can be a good bet, for conservative ones, not so sure, Maybe keep a tight SL using the daily charts if that helps.
Fundamentally, the stock is not very sound, High Debt to Equity ratio, last 4 quarters have not been good infact they have lost sales and earnings.
Seeing volumes flock in here, might be the market telling good news is about to come, these kind of volumes are generally not wrong, lets see how this goes...
SOLARINDS BO [DAILY]SOLARINDS is breaking out of a daily base and not only that, but its Relative Strength score has been on an upslope. Data has been as follows:
23rd Feb - 63
1st Mar - 72
7th Mar - 79
Today(At the time of posting) - 86
So strength is there in the BO and RS being above 80 is a positive sign. Keep SL at 21 EMA if you like this chart. Else one should track it to see how high RS score stocks perform with follow up BOs in strong momentum.
Yesterday nifty 22060 Target hit 3000 points profit 21840 next tOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
APLAPOLLO Near BO, 21/50 EMA cross near as well [DAILY]APLAPOLLO is near BO, 21/50 EMA cross is also about to happen.
To add more things to it, for the past 4 weeks its relative performance is on an upwards slope when considering 750 stock universe.
Its RS score is still 32 so not much strong yet, so tread with caution.
Bank Nifty Technical Analysis - 13th March 2024 Bank Nifty Technical Analysis - 13th March 2024
## Market Overview
The recent market movements align with our discussed levels, emphasizing the importance of technical analysis for informed trading decisions. Let's review the key support and resistance zones for Bank Nifty.
### Support Levels
**1. Support Levels: 47,277**
- Currently holding as a crucial support level.
- A breakdown below this level may lead to a potential downside towards 46,425.
### Resistance Levels
**1. Resistance Levels: 47,600**
- Immediate resistance level to monitor.
- A sustained trade above this level could indicate a potential move towards the next resistance at 48,000.
**2. Resistance Levels: 48,000**
- A significant resistance zone, acting as a hurdle for further upside momentum.
### Technical Insights
#### Support Zone Analysis
The support at 47,277 is critical, and a breach below this level may signal increased selling pressure, potentially targeting the next support at 46,425.
#### Resistance Zone Analysis
Breaking above the resistance at 47,600 is crucial for bullish momentum. Traders should closely observe how the market reacts around this level as it might set the stage for an attempt to breach the significant resistance at 48,000.
### Trading Recommendation
Traders are advised to monitor the price action around the support and resistance levels. A breakdown below 47,277 could lead to a bearish bias, while a decisive move above 47,600 might pave the way for a potential upside, targeting the subsequent resistance at 48,000.
### Disclaimer: Trade Wisely
It's essential to trade cautiously and employ risk management strategies in the current market conditions.
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LINDEINDIA BO [DAILY]LINDEINDIA attempted a BO in a weak market breadth today with higher than average volumes.
Also, 21/50 EMA cross is happening today as well which is a positive point of support shifting upwards and one can think of using 21EMA as a support now once it crosses or if you are a pull back buyer on support one can wait to take a position at 21 EMA instead.
Relative strength has been improving week over week and the numbers are as follows :
23rd Feb - 30
1st Mar - 31
7th Mar - 36
Today - 59
Huge jump in RS can be attributed to the fact that most of Smallcaps and microcaps have been hit bad and few stocks which are holding up and moving upwards gain scores like that.
Nifty Confirm Targets for next Trading Days Nifty Chart Analysis with Support and Resistance
Nifty Supports
Nifty Support 1 - 22210
Nifty Support 2 - 22330
Nifty Support 3 - 22430
Nifty Resistance
Nifty Resistance 1 - 22500
Nifty Resistance 2 - 22550
Nifty Resistance 3 - 22630
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 1.1 ( Bullish)
Max Pain As per Option Chain Analysis - 22400
Major Resistance as Per Nifty Open Interest Analysis - 22800
Major Support as Per Nifty Open Interest Analysis - 22300
Long Opportunity in Nifty Trading
As we Know Nifty is in a uptrend, Next week First Buying opportunity will be above 22400 / 22300 and Dont Buy Below 22300
Short opportunity in Nifty Trading
If nifty Sustain below 22400 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
If you Like our Trading Plan Please Like and Share
Bullish Above 47923- Bearish Below 47870DPHZ are the one of the most critical zones when it comes to combination of pivots, as we can see 47923/47870 are the crucial points to decide the direction of the day.
Note- I am not SEBI registered TA, these posts are for educational purpose only. Please trade Carefully.
IBREALEST BO [Weekly]IBREALEST breaking out of a large weekly base with huge volumes as we can spot on weekly charts.
Keep in the list for now and see if it gives a chance to enter at this new pivot support level.
Generally large weekly base BO are strong as mentioned before as well.
GLS Post BO [Weekly]GLS is retaining its strength post BO last week with good volumes. Its gearing up to breach its ATH levels now. Just see how the price takes support on 50 DMA since the 10W/40W cross.
If Market breadth stays solid, this could be fun to ride. Keeping in watchlist for now to see if the price consolidates and gives an entry point.
I also saw ZYDUS flashing from lifesciences too.
Pharma as a theme is doing solid and is likely to retain momentum post consolidation (if any)
PEL 21/50 EMA Cross [DAILY]PEL on an upwards slope of RS score for the past 4 weeks (Considering 750 Stock universe of Nifty 500 and Nifty MicroCap 250).
Although the RS score is just 30ish, but a positive technical cross of 21 EMA and 50 EMA can be observed with it being closer to a small base BO on daily timeframe.
Tracking now to see if one can take position if this RS improving streak continues.
Bank nifty upside Target 48400 we are holding buy from 46400On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty Trading Plan for Next week Nifty Confirm Targets
Nifty Supports
Nifty Support 1 - 21930
Nifty Support 2 - 21830
Nifty Support 3 - 21730
Nifty Resistance
Nifty Resistance 1 - 22100
Nifty Resistance 2 - 22180
Nifty Resistance 3 - 22250
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.7 ( Bearish)
Max Pain As per Option Chain Analysis - 22000
Major Resistance as Per Nifty Open Interest Analysis - 22000
Major Support as Per Nifty Open Interest Analysis - 21900 /21500
Long Opportunity in Nifty Trading
As we Know Nifty is in a uptrend, Next week First Buying opportunity will be above 21930/ 22100 and Dont Buy Below 21800
Short opportunity in Nifty Trading
If nifty Sustain below 22000 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
If you Like our Trading Plan Please Like and Share
#NIFTY Support & Resistance / 1 Mar 202415-minute support and resistance levels for NIFTY, which I use as context for my larger, single stock breakout and reversal intraday trading setup. I try to share next-day stock and index levels, as well as results, to benefit the community. If you or someone you know may find this information useful, please feel free to share, comment, follow or get in touch for more information.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
As said many times reliance go to 3000 then 2800 possible On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
#TATAMOTORS Support & Resistance / 29 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.