Pivot Points
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Trading Idea For Kingfa
📊 Analysis:
KINGFA has shown strong momentum, breaking above key moving averages (EMA 50 and EMA 200).
Increased volume indicates accumulation and a potential breakout continuation.
The bullish candlestick formation supports further upside movement.
📈 Trading Plan:
Entry Point: ₹3,600 (confirm entry above this level with good volumes).
Target 1 (T1): ₹3,800
Target 2 (T2): ₹4,000
Stop Loss (SL): ₹3,450
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note:
This trading idea is for educational purposes. Always conduct your own research (DYOR) and manage risks carefully before taking any trades.
Trading Idea: Kalyan JewellersCurrent Price: ₹777.80
💡 **Key Levels to Watch:**
- **Resistance Zone**: ₹794.70
- **Target**: ₹874.20
- **Stop Loss**: ₹758.95
📈 The stock is showing bullish momentum with strong volume and staying above key EMAs (746.22, 723.67). A breakout above ₹794.70 could signal further upside toward ₹874.20.
💡 **Strategy:**
1️⃣ **Buy Zone**: Above ₹780 for confirmation of the breakout.
2️⃣ **Stop Loss**: ₹758.95 to manage risk.
3️⃣ **Target**: ₹874.20 for a potential upside of ~12%.
🚨 **Note:** Trade with proper risk management. 📉 Avoid entry if the stock closes below the stop loss level.
About to breakout swing trading!!🔍 Key Observation:
The stock is currently trading near a critical resistance level at ₹170. A breakout above this level can trigger further bullish momentum 📈.
🎯 Trade Setup:
Buy Above: ₹170
Stop-Loss: 3% below the entry price (₹165) 🔐
Target:
🎯 First Target: ₹187
📊 Technical Signals:
Resistance: ₹170 is a key breakout level to watch 🚀.
Volume: Look for increasing volume to confirm breakout strength 🔥.
🧠 Action Plan:
Wait for the stock to close or trade convincingly above ₹170 before entering.
Set a tight stop-loss to manage risk effectively ✅.
💡 Risk-Reward: Favorable for short-term traders aiming for a 10%+ upside potential with controlled downside
TATACONSUM levels As of December 29, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹907.95 on the National Stock Exchange (NSE), reflecting a 0.78% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹902.05
Immediate Resistance: ₹918.20
Short-term Support: ₹903.19
Short-term Resistance: ₹930.55
Medium-term Support: ₹874
Medium-term Resistance: ₹1,060
These levels suggest that if the stock price declines, it may find support around ₹902, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹918, which could impede further gains.
Trading Idea: Gravita India Ltd (NSE) 📊 Pattern Formation:
Gravita India is forming an ascending triangle pattern on the daily chart, a bullish continuation setup.
The stock is consolidating above key EMAs (20, 50, and 200), indicating strong momentum.
💡 Entry Zone:
A breakout above the resistance at ₹2,260 could present a buying opportunity.
🎯 Target:
Upside potential target at ₹2,600, aligning with the triangle's breakout projection.
🛑 Stop Loss:
Set your stop-loss at ₹2,186, just below the lower trendline, to manage risk.
📈 Volume Confirmation:
Ensure higher volumes during the breakout to validate the move.
⚖️ Risk-to-Reward Ratio:
Attractive 2:1 risk-to-reward ratio, making it a favorable setup.
BALKRISIND - Breakout in Falling WedgeView : Bullish
Entry Zone- 2860- 2800 (Trend line breakout)
Exit Zone - Based on Trader mindset. Exit 1 - 2935
Exit 2- 3050
Exit 3 - 3300
Stoploss : Close below 2750
Timeframe: Daily
Notes: Trednline break out the Falling wedge pattern. Price consolidates since May 2024.
How to draw support and resistance The most reliable source for identifying support and resistance levels is historical prices, making them invaluable to traders. The key is to familiarise yourself with past patterns – sometimes from very recent activity – so you can recognise them if they appear again.
Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
BLBD 25 Dec 2024in.tradingview.com
H2FY25
EV Units:
The company anticipates selling 1,000 to 1,300 EV units, with most sales expected in the second half of the fiscal year. The midpoint of this range is 1,150 EV units, a substantial increase over the 700 EVs expected for FY24. This represents a more than 60% increase in EV deliveries.
FY25
Stable Pricing:
The company anticipates stable pricing, supported by its ability to implement price increases and manage costs. They implemented a price increase of $3,500 per bus for orders received after October 1, 2024.
Alternative Fuel Leadership:
Blue Bird is the sole provider of propane-powered school buses, offering a unique advantage. They also hold a strong position in the EV market, with a growing number of buses on the road.
MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH
MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH
Resistance 1740 Watching above 1744 for upside movement...
Support area 1700 Below 1720 ignoring upside momentum for intraday
Support 1700 Watching below 1695 or downside movement...
Resistance area 1740
Above 1720 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
NAM INDIA BREAKOUT AND RETEST SETUP!!📊 Setup:
The stock has broken out of a consolidation zone and is now retesting the breakout level around ₹750.
• ✅ Entry:
Consider buying near ₹750 with signs of support.
• 🛑 Stop Loss:
Set a stop loss slightly below the retest level at ₹733.
• 🎯 Target:
Aim for a potential upside target of ₹800, following the breakout momentum.
• 📌 Key Observations:
• The stock is above its key EMAs, signaling bullish strength.
• Look for strong 🔊 volume during the retest to confirm buying interest.
ASSO ALCOHOLS & BREW LTD (ASALCBR) Breaking out! Should be in WLTechnical Analysis
1. Breakout Alert 🚀:
The stock has broken out of a consolidation zone near ₹1,117 with strong momentum and above-average volume, signaling bullish intent.
2. Trend Confirmation 🔥:
Both the 20 EMA (blue line) and 50 EMA (purple line) are sloping upwards, confirming the uptrend. The stock is trading well above these moving averages, indicating strength.
3. Support Zone 🛡️:
Key support levels lie at ₹1,081 and ₹1,054. These levels can act as a cushion if the stock pulls back.
4. Target Projection 🎯:
Based on the breakout range, the potential upside targets are:
• ₹1,200 (psychological resistance)
• ₹1,205 (measured move from the breakout).
5. Risk-Reward Setup ✅:
• Entry 🟢: ₹1,118 – ₹1,120
• Stop Loss 🔴: ₹1,081 (below the last swing low).
• Risk-Reward Ratio ⚖️: ~2:1, making it an attractive swing trade opportunity.
USDCAD - SWING TRADE IDEA ON SHORT SIDESymbol - USDCAD
USDCAD is currently trading at 1.4325
I'm seeing a trading opportunity on sell side.
Shorting USDCAD pair at CMP 1.4325
I will add more quantity at 1.4350 & 1.4380, If comes. Holding with SL 1.4420
Targets I'm expecting are 1.4250 - 1.4200 & 1.4155
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ICICI bank Selling Pressure and ConsolidationHaving its median around 1340 for 18th Dec , and previous closing at 1333.75 , May open higher or at the closing the next day if the Selling Pressure continues it may reach till 1314 which act as a very strong support , at weekly and monthly also , but the trend for icici may change to Bearish .
Average Volume and price decline indicates Short build up , bearish sentiments may continue if the bank nifty is in selling pressure .