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Pivot Points

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
NSE:RELIANCE
by JaiPrakashShuklaHarmonicTrader
#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.
NSE:TATAMOTORS
by QUANTECHNICAL
#CROMPTON Support & Resistance / 28 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.
NSE:CROMPTON
by QUANTECHNICAL
#Nifty50 Support & Resistance / 28 Feb 2024Char for 15-minute support and resistance levels for broader market index, which I use as context for my broader 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.
NSE:NIFTY
by QUANTECHNICAL
ACCELYA Near ATH BO [Weekly]I somehow just zoomed out and checked the chart of ACCELYA solutions and I was amazed by it. Its slowly moving towards its all time high BO and this might move strong post that, keep a check on this as this scrip has been in the chatter on value research and on twitter as well a bit. Recent BOs have been with good volumes and seem to be sustaining. See if your risk management allows you to take a position with SL to anticipate a BO if you like those kind of plays.
NSE:ACCELYA
by HawkishDove
#BATAINDIA 15m Support & Resistance - 27 Feb 2024Support and resistance levels are key concepts in technical analysis, a method used to evaluate and forecast price movements in financial markets, particularly in stocks, forex, and commodities. Support level refers to a price level at which a security or asset often finds buying interest, preventing its price from falling further. Traders and investors view support as a psychological or structural level where demand for the asset increases, leading to a potential reversal or a slowdown in price decline. Conversely, resistance level represents a price point at which a security or asset frequently encounters selling pressure, hindering its upward movement. Resistance is seen as a level where supply increases, potentially causing a reversal or a stall in the upward trend. These levels are crucial in decision-making for traders, providing insights into potential entry and exit points, as well as helping identify trend reversals and price consolidation. Analyzing support and resistance is integral to developing effective trading strategies and risk management plans.
NSE:BATAINDIA
by QUANTECHNICAL
BankNifty 15m Support & Resistance - 26 Feb 2024Look for areas where the price has consistently reversed or stalled. Once established, use additional indicators such as moving averages, Fibonacci retracements, or trendlines to confirm these levels. When trading, focus on price action around these zones. Buy near support when there's a bounce, and sell around resistance during pullbacks. Utilize candlestick patterns for entry and exit signals, paying attention to bullish or bearish reversal patterns.
NSE:BANKNIFTY
by QUANTECHNICAL
Nifty50 15m Support & Resistance - 26 Feb 2024 Look for areas where the price has consistently reversed or stalled. Once established, use additional indicators such as moving averages, Fibonacci retracements, or trendlines to confirm these levels. When trading, focus on price action around these zones. Buy near support when there's a bounce, and sell around resistance during pullbacks. Utilize candlestick patterns for entry and exit signals, paying attention to bullish or bearish reversal patterns.
NSE:NIFTY
by QUANTECHNICAL
Nifty 50 Technical Analysis - 26th February 2024Nifty 50 Technical Analysis - 26th February 2024 ## Overview Nifty 50 has exhibited movements in response to identified support and resistance levels. Traders are advised to closely monitor these levels for potential market insights. ### Support Levels **1. Support Level 1: 22,100** - A crucial support level that, if broken, may lead to a potential decline towards 21,900. **2. Support Level 2: 21,900** - A secondary support level that could be tested if the market breaks below 22,100. ### Resistance Levels **1. Resistance Level: 22,250** - A key immediate resistance level that the market needs to overcome. ### Technical Insights #### Support Level Analysis The support at 22,100 holds significance, and a breach of this level might result in a downward movement towards 21,900. Traders should closely observe how the market reacts around these support levels. #### Resistance Level Analysis The immediate hurdle for Nifty 50 is at 22,250. A gap-down opening may pose a challenge. Traders are encouraged to monitor how the market responds to this resistance level. ### Conclusion Nifty 50 has demonstrated responsiveness to identified support and resistance levels. Traders should exercise caution and adapt to evolving market conditions. Close attention to the support at 22,100 and the resistance at 22,250 is recommended for making informed trading decisions.
NSE:NIFTYLong
by santubittu
Golden Pivot zone Formation.If price opens above/near CPR on Monday we can go long from GPZ to H3 and VAH if Price opens above VAH/Near VAH and shows bearish Price Action, then in that case we will go short till GPZ/CPR and Long on CPR-GPZ as Bulls will definitely defend this zone if price comes to this level then going long should be considered. NOTE- This is an analysis and does not mean a buy-sell advise to anyone in any manner, please consult your financial advisor before investing. (I am not SEBI Registered Advisor)
NSE:BANKNIFTYLong
by abgaur01
1
Nifty Confirm Targets For Expiry Day 22 Feb 2024 Nifty Trading Plan For Expiry Day Nifty Supports Nifty Support 1 - 22000 Nifty Support 2 - 21930 Nifty Support 3 - 21730 Nifty Resistance Nifty Resistance 1 - 22130 Nifty Resistance 2 - 22230 Nifty Resistance 3 - 22250 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 1.09 ( Bullish) Max Pain As per Option Chain Analysis - 21850 Major Resistance as Per Nifty Open Interest Analysis - 22200 /22500 Major Support as Per Nifty Open Interest Analysis - 21800 /22700 Long Opportunity in Nifty Trading As we Know Nifty is in a uptrend, Next week First Buying opportunity will be above 21910 /21830 and Dont Buy Below 21700 Short opportunity in Nifty Trading If nifty Sustain below 22130/22000 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
NSE:NIFTYLong
by manojshinde27
Finnifty Confirm Targets with Trading Plan for Expiry Finnifty End of Day Analysis to Identify Potential Trading Opportunities for the Next Trading Day Finnifty Supports Support 1 - 20430 Support 2 - 20310 Support 3 - 20215 Finnifty Resistance Resistance 1 - 20670 Resistance 2 - 20770 Resistance 3 - 20915 Finnifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 1.016 ( Bullish) Max Pain As per Option Chain Analysis - 20500 Major Resistance as Per Finnifty Open Interest Analysis - 21000 Major Support as Per Finnifty Open Interest Analysis - 20000 Long Opportunity in Finnifty Trading As we Know Finnifty is in a uptrend, But at Major Resistance Buying opportunity will be above Resistance 20670 or near Supports - 20310/20100 Short opportunity in Finnifty Trading Finnifty is at Major Resistance If nifty Sustain below 20600 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
NSE:CNXFINANCEShort
by manojshinde27
1
Mphasis Ltd - Positional view on weekly chartFor those who have read Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets" will relate to the structure forming here and the stage in which the stock is currently in. The stock price is hovering above the 40 Weekly Moving Average (WMA), is in an uptrend and has formed positive base formations. Post this week's bullish candle formation the stock price is near the buy zone. Manage strict stop loss of 5-8% if the trade goes wrong Note: Not a buy/sell recommendation. Please do consult your financial advisor.
NSE:MPHASISLong
by TheUnlearningOne