TATA ELXSI[W] Consolidation phase overTATA ELXSI Looks like consolidation phase over, ready for new High
Pivot Points
NIFTY FOR 11 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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NIFTY 12 DECYesterday couldnot sustain above 20018
Today's opening is improtant:
If open above 20969-20900 and after taking support able to break and sustain above 21018-21025 with 15 minute goood closing, then intraday upside move can be seen to 21096/21106.
If open gap up above 21018-21025 will wait for buying setup if sustain above 21018-21025
Downside support remains 20940-20900,
20827-20830(can act as major support) have to wait for price action for long opportunity ,if price approaches downside to 20827/20830
BANKNIFTY FOR 11 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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BANK NIFTY 11 DECIf consolidate in between 47373 and 47476 and breaks upside,then intraday upside momentum can be seen to
47762,47808
🤯MidCap Nifty Shows Resilience: A New Phase Above 10k?After enduring a volatile period, MidCap Nifty has notably clinched a position above the 10k mark, signaling potential stability. As we conclude this week's trading, its close just shy of Resistance 1 (R1) on the daily timeframe is particularly noteworthy.
Looking ahead to next week's expiry, the critical question arises: Will MidCap Nifty sustain this level above 10k, or are we on the brink of a consolidation phase?
What do you think?🧐
Disclaimer: fyers.in/disclaimer
AFFLE BO [DAILY]AFFLE showing good movement for some time now and today breaks out with higher than average volume.
This scrip came in hard on monthly momentum screens today itself, shows that something has been brewing as we can spot some volume spikes on the chart.
Recommended to keep an eye out for this as market overall feels extended.
NIFTY 11 DEC 23Last trading session after reaching 21000 rejection was seen from 21000.
For Upside:
If opens flat above 20945-20960 and breaks 21008 and sustain above 21018, then intraday upside momentum can be seen to 21096-21106.
From 21096-21106 intraday selling may be seen,have to confirm with price action.
For Downside:
Cluster of supports downside, 20900,(20820-20830) a major support
NIFTY FOR 08 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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BANKNIFTY FOR 08 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
RCF - Multiyear High StockRCF - Multiyear High Stock. Stock IS trying to BO 2008 High it seems that BO will be Done.
Volume is also Supported. Can give good return in Coming weeks and Months. As a Swing trader i try to Capture less but quality deals which can give good return in Weeks and Month.
Alays Focus on Risk Management and use Dips to buy these Multiyear High Stocks.
Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get best result always wait for confirmation. Focus on Risk Management and Position sizing.
I use Trading view for my Analysis and charts Repositories. I could have Or Couldn’t have positions in Sharing Ideas.
Treat trading like a business and it will pay you like a business…..!!
Hope this post is helpful to community
Thanks
RastogiG
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Disclaimer and Risk Warning.
I am not Sebi registered analyst. The analysis and discussion provided on in.tradingview.com
is intended for educational purposes only and should not be relied upon for trading decisions. RastogiG is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RastogiG does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
JSWSTEEL BO [DAILY]JSWSTEEL breaking out with volumes in early part of the day, today might be strong movement considering already volumes are 40% higher than average and a break out has happened which will attract more people to the stock as it comes up in various screens.
Keep in the list.
NOCIL Attempted BO [DAILY]NOCIL attempting a BO today with higher than average volumes, selling pressure can be seen, most likely is some overheard supply, once that clears out, volumes should move it ahead. Keep an eye out on it.
NIFTY 8 DEC 23: RBI Interest rate decision RBI likely to keep the rate unchanged @ 6.5%
Generally,market remain calm before the announcement and become volatile after RBI's announcement,a very risky day to trade.
Technically on chart:
Nifty remain sideways for 2 days in between 20960 and 20850.
For UPSIDE.
If open above 20920 and breaks 20940/60 upside and sustain it then then 21096 can be seen upside
For DOWNSIDE:
If open in between the day's range and breaks below 20850, have to be cautious as 20805,20785,20771 are support levels.
If 20785/20771 is broken down ,then intraday move to 20611 can be seen downside provided that 20712 is also broken down
Bank Nifty: 8 DEC 23 :RBI Interest Rate DecisionRBI is likely to keep the rate unchanged @ 6.5%.
On chart,Bank Nifty took support from 46500-46474 as expected in 7 DEC analysis.
The set up remain same as previous day,
FOR UPSIDE:
If it breaks 47237,47373(improtant yearly pivotal resistance) and 47476 and sustain above 47476 then intraday upside momentum can be seen to 47999-48000
FOR DOWNSIDE:
46474,46285 ,46121 are support levels. 46285 might play a strong support as in daily time frame was resistance earlier, after a retest to 46285 can see some buying momentum.
CESC BO [Weekly]CESC is showing good volumes at BO and a beautiful cup and handle pattern has also formed prior to BO. Seeing volumes, this is one of the ones to keep an eye out for.
NIFTY FOR 07 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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BANKNIFTY FOR 07 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
BANK NIFTY 7 DECENBER 2023UPSIDE:
After taking resistance from 47237 for two coscutive days if it breaks 47237, and breaks 47373(Yearly pivot resisstance YR1),and also breaks 47476. Then an intraday move can be seen upside to 47999-48000
Above 47476 expecting upside momentum to 47499-48000
DOWNSIDE:
46474 a support, strong support remains 46285 ,will look for buying setup near 46474,46285,46121
Nifty 50 Nifty 50 tomorrow levels, Nifty face the hurdle around 20940 if Nifty will succeed to break this level next, We can see the level around 21070, and if it break the trend line then downside hurdle around 20800.
NIFTY FOR 06 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
BANKNIFTY FOR 06 DEC#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
