BANKNIFTY FOR 28 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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Pivot Points
NIFTY FIN SERVICE FOR 27 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 27 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 27 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
SUPRIYA BO [DAILY]SUPRIYA life sciences giving BO on daily timeframe, huge volumes these last couple of days showing buyer interest. Life Sciences as a sector has seen some inflows, I remember seeing ZYDUS in the tracker as well a couple of days back and has been in watchlist too.
Keep SUPRIYA in list for a pull back around BO level or to catch when a small base is formed which will likely indicate accumulation by big whales.
NIFTY FOR 26 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
IRCON BO [DAILY]IRCON BO today, last few days, it has filled a gap down with volumes -> Positive sign
Breaking out of a decent base for 2nd time, 1st time BO can be said was kind of a shakeout, so now hands have changed and this BO may be more healthy as its a new attempt.
Keep in list for the week.
BANKNIFTY FOR 26 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 Support and Resistance Analysis for 19-DEC-2023Attached is the Bank Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes.
Support and Resistance Levels: The chart highlights significant support around the 47705 mark and notable resistance at 48148 and 48101. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
Nifty Support and Resistance Analysis for 19-DEC-2023Attached is the Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes.
Support and Resistance Levels: The chart highlights significant support around the 21308 mark and notable resistance at 21515 and 21604. These levels have demonstrated consistent importance in recent sessions.
CPR: Daily and weekly CPR are essential in understanding potential intraday reversals and weekly trend confirmations.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, impacting support/resistance dynamics. Always perform your analysis and risk management before executing any trades.
SIEMENS BO [DAILY]SIEMENS BO on daily charts, huge volumes today, price has moved above a pivot as well. This might act as a new support moving ahead. Earnings strength is decent and buyers are looking to get in here as charts can show a v-shape curve, has move quite well to be honest.
Keep in the list for the remainder of the week.
JUBLPHARMA BO [Weekly]First day into the week and JUBLPHARMA not wasting anytime, on track to beat average volume and gain price ahead.
Keep in list for the week, Pharma sector has been a bit hot for the past month, only risk here is if the broader market goes in correction then the stock might shakeout.
NIFTY 18 DEC:MONDAY LIVE MARKETHas opened flat and taking support from 21390.00 has sustained above 21390-21400
1.Till now has been a sideways market,may be some cooling after a strong trendy bullish week.
2.If Bank Nifty also start trading above 48000 again,can expect also a bullish momentum in Nifty.
3.If able to sustained above 21425.00,quite possible that 21515/21527 may be seen upside, with intraday immediate support 21385-21395,21364 day's low
VIPIND BO [DAILY]VIPIND came in the screeners recently as volumes have been attracted here. Giving a minor BO here, 21/50 DMA cross would be good if it follows up from here.
Stocks relative strength is still poor but the way volumes have come here these last days, it seems like a reveral.
Keep an eye out for this ahead.
YESBANK BO [DAILY]YESBANK BO with volumes, large base formed.
You know the buyer interest is serious when weaker names like YESBANK are showing strength and breaking out of large bases.
Banking is getting some serious investors now looks like.
Keep on the list with other previous names shared : SBIN and ICICIBANK
GLAXO BO [Weekly]GLAXO showing good volumes these past few weeks and price has followed it quite well.
Its breaking out of a large weekly base (80+ weeks), lets see if this follows the large BO trend.
Chart suggests clear buyer interest here, This BO pivot level can be taken as the next support here.
TCS BO [Weekly]TCS BO on weekly charts, Long weekly base. Fundamentally strong in IT index. Volumes are there as well.
Many Large IT names coming in 1 month momentums near pivot points.
Nifty IT Index ETFS might also be a decent proxy play if one wants exposure to all these strong IT names together.
WIPRO BO [Weekly]Another Long Base BO of 60+ weeks. And that too in IT sectors. CNXIT is talk of twitter for now. IT names had to pop up.
As always, volumes -> Check, Price appreciation -> Check, Long base BO -> Check
Fundamentally, it hasn't been at its best, but has handled last few quarters well.
Let's see if the IT story is actually in a turnaround in these market conditions. Keeping in watchlist.