Support 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...
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...
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...
Nifty 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...
The upmove in bankex especially on Wednesday was a very crucial and decisive one, Looks like Bankex has made a bottom for now. I will only be looking for bullish trades. As long as bankex is above 52850 I am only going to be taking bullish trades. Simplicity and understanding what the price is telling is the only thing one should aim for is what I believe...
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...
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...
The chart setup looks good, but will wait for the price to close above 3000 on weekly chart for an upleg with an initial target of 20-25%. Strict stop loss at 5-8%. Note: Not a buy/sell recommendation. Consult your financial advisor.
Market has shown good strength and we might see same kind of movement the coming day if previous major Resistance 47246 is taken out bulls will take complete control.
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 -...
The stock took support at the 40 weekly moving average and is hovering near the buy zone. Positive momentum expected above the levels of 925 for an initial target of 1100. Will review once the target is achieved. Strict stop loss at 5-8%. Note: Not a buy/sell recommendation. Consult your financial advisor.
For 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...
Look out for accelya solutions breaking out 6.5Y consolidation. A stock roars when the consolidation is longer timeframe. 2800 can be a target. Fundamentals are good but not as good as cigniti or something. Bought just bcuz the consolidation is 6.5Y and is looking for breakout. Disclosure: Holding
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...
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...
Confluences published in the trade idea linked below, releasing exact entries.
2.5R Potential GBPCAD Sell estimated levels . Exact levels will be updated in a new trade idea. Do not enter right now, the trade is in the making. There is no entry yet, the levels are an estimate
CONFIPET breaking out of a long weekly base with volumes, with 2 trading days left in the week, volumes should attract more attention. Last 4 quarters, Sales and EPS growth has been good. Number of funds holding this stock has also increased in past 2 quarters. All good signs, Keep an eye out for this.