LTIM BO [DAILY]LTIM breaking out again with higher than average volumes on daily timeframe. IT index still in an attempted rally, but some IT names are showing strength lately.
Keep an eye out on how the IT theme plays out ahead.
Pivot Points
HSCL Gap Up post BO [DAILY]HSCL gave a gap up opening post BO the previous trading day. Looks positive, and should be tracked ahead to see if one can have a decent entry point.
Nifty may see a sideways trading month in December 2023After a trending bullish month in November and closing above all time high of 22222. Nifty may see a sideways to bullish in the month of December.
With no resistance on the left hand side ,1st immediate resistance is 20348-20350(monthly camarilla 2nd level resistance pivot)
If breaks 20350 and sustained it then next level that can be seen is 20460(monthly camarilla 3rd level resistance pivot)
From 20460 or (20522-20537), Nifty may go sideways in between
1. 20460-20144 or
2.20460-20024 or
3.20460-(19807-19755)
NIFTY FIN SERVICE FOR 05 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 FOR 05 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 05 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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IFCI BO [DAILY]IFCI breaking out of a decent daily base with volumes above average and price appreciation as well. Good to keep in the list to see how it moves ahead. Fundamentally stock has mixed results in past 3-4 quarters, so let's see how clean a move we get here.
Strong Weekly BreakoutThe stock recently experienced a robust breakout on the weekly chart, with a history of multiple consolidations at the current breakout level. Despite a failed attempt to break resistance in October 2021, last week marked a significant breakthrough. The stock consolidated sufficiently and broke the resistance with a strong bullish candle.
The volumes leading up to the breakout were notable, indicating substantial accumulation before the breakout. This suggests a heightened level of interest and buying activity. Traders and investors often view such well-supported breakouts, especially after a series of consolidations, as compelling indicators of potential sustained upward momentum in the stock.
BHARATFORG BO [Weekly]BHARATFORG breaking out of a weekly base with higher than average volumes for the week.
3 out of the last 4 weeks have been higher than average volumes.
RADICO BO [Weekly]RADICO had a long weekly base BO a few weeks back and now its giving a follow up BO on a smaller weekly base. Past 2 quarters have been good for the firm in terms of EPS growth.
Good Volumes as of now, looks like will give more movement ahead.
Keep an eye out for it.
JUBLFOOD BO [Weekly]JUBLFOOD showing signs of emerging out of a bottom formation in the past few weeks. Positives for now are :
10W/40W Cross
Higher than average volumes in past 2 weeks
Stock has given a small weekly base BO but next pivot is at ~652 which is > 10% away from here. Good to a keep a track of this stock as fundamentally it has had a couple down quarters in terms of EPS growth but funds at the same time have accumulated this stock.
FCL BO [DAILY]FCL Showing good movement with huge volumes. Approaching Weekly BO level of ~406, would be good to track if it consolidates before giving another BO on that level, that will give a decent entry point on a scrip showing strength with volumes.
DOT/POLKADOT Technical PerspectiveDot is a strong project
Dot currently lacks momentum
Do not park your money in DOT if you are looking for short term gains or to take more advantage of this bullish trend in the market
If you are looking to hold this for long then it's a yes to buy it
Dot needs to mitigate and then pierce through it's overhead supply in order to show an impulsive move to 7$
NIFTY FOR 04 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 04 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
NIFTY FOR 01 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 01 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
IPCALAB BO [Weekly]IPCALAB BO on weekly timeframe, infact its a long weekly base which gives a good probability to move ahead, but the only thorn in the way right now seems is the LOW volume.
Volume is lower than average and unless volumes catch on, this rocket won't get fuel to move ahead. Keep an eye out for it.
NIFTY FOR 30 NOV#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.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
BANKNIFTY FOR 30 NOV#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.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
ONGC - MOnthly TF Multiyear BOONGC - Monthly TF Multiyear BO
Once crossed 215, will be good move.Add Alert.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
For Tradingview Premium plan, Can go with the below link
in.tradingview.com
Comprehensive Bullish Signals: Weekly Uptrend, Trendline Support- **Bullish Confirmation (Weekly):**
- The weekly chart signals a bullish trend with consistent higher highs and higher lows.
- This pattern reflects sustained upward momentum.
- **Trendline Support and Bounce:**
- The stock found support on a trendline and rebounded with a strong bullish candle.
- This bounce reinforces the significance of the trendline.
- **Previous Resistance Turned Support:**
- The stock found support at previous resistance levels.
- A subsequent strong bullish candle suggests a successful turnaround.
- **Daily Chart Trendline Breakout:**
- On the daily chart, the stock broke above a trendline.
- This breakout signals a potential shift in the short-term trend.
- **Overall Implications:**
- The combination of bullish signals on both weekly and daily charts strengthens the positive outlook.
- Trendline support and successful resistance-turned-support further support a bullish sentiment.
- **Cautionary Notes:**
- Confirm ongoing bullish behavior for sustained trends.
- Monitor for potential retracements or corrections.
- **Strategic Considerations:**
- Potential opportunities for bullish trades given the confirmed trends.
- Consider risk management strategies for prudent trading.
- **Conclusion:**
- The stock exhibits strong bullish confirmation on multiple timeframes, indicating a favorable environment for potential bullish trading opportunities. Exercise caution and strategic planning in light of market dynamics.
SUVENPHARMA BO [Weekly]SUVENPHARMA breaking out of long weekly base with higher than average volume. Please note that 2 trading days are still left in the week and weekly volume is already higher than average.
Pharma stocks have been coming up in screeners a lot past couple of weeks (Shared SPARC BO as well).
Keep this long weekly base BO on the list.
