[INTRADAY] #BANKNIFTY PE & CE Levels(29/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session.Any Major downside only expected in case banknifty starts trading below 48450 level.also possible reversal downside 48950 level.
Priceaction
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run.
However stock has recently given a big volume bounce from its demand zone.
295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA.
1st breakouts are normally traps so use pyramiding to save your capital.
If stock posts good results , we might see good move in stock.
Keep your eyes stuck on this if you like support bounce trades.
AB Capital- Undervalued finstockABCapital which is the finance company of Aditya birla group is available at an amazing valuation.
Stock has given a flag breakout last week with volumes and on road to complete its rounding bottom pattern.
If the stock breaks out from pattern, we can see an amazing rally of around 50% in the stock.
If Nifty Bank crosses 48000 next week, this stock should move quickly till 200.
SONATA SOFTWARE - Swing Trade - 14th January #stocksSONATA SOFTWARE (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #sonatasoftware
Symmetrical Triangle pattern breakout in SBINSTATE BANK OF INDIA LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Symmetrical Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 848+.
✅Can Go Long in this Stock by placing a stop loss below 750-.
#NIFTY Intraday Support and Resistance Levels -25/04/2024Nifty will be gap down opening in today's session. After opening nifty start trading Below 22380 level and then possible downside rally up to 22260 in today's session. in case nifty trades Above 22440 level then the upside target can go up to the 22560 level.
Ascending Triangle pattern breakout in HINDALCOHINDALCO INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Ascending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 650+.
✅Can Go Long in this Stock by placing a stop loss below 614-.
Bullish Flag pattern breakout in JSWJSW STEEL LTD
Key highlights: 💡⚡
✅On 15 MIN Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 900+.
✅Can Go Long in this Stock by placing a stop loss below 848-.
Devyani-A risky support bounce trade!Devyani is looking a good candidate for support bounce
Logic:-Stock is trading in channel. The price action is impressive but a confirmation is not still visible.
The stock has delivered poor results and is available at PE multiple of 138x.
Only risky traders should be interested in this.
Reversal Ascending Channel Pattern in JINDALSTELJINDAL STEEL LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame stock Showing Reversal of Ascending Channel Pattern.
📈 It can give movement upto the Reversal Final target of Below 890-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 830-.
📈 Can Go short in this stocks by placing a stop loss Above 960+.
Reversal Broadening Wedge pattern in ALKEMALKEM LABORATORIES LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 5770+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 6610+.
📈 Can Go Long in this stock by placing a stop loss Below 4200-.
Vodafone has no Idea for BullishnessVodafone Idea attempted twice to break the resistance zone but unfortunately it couldn't and fall from around 18 Rupees so it becomes strong reistance in bigger time frame but after that in shorter time frame we can see that around 15 is became strong resistance which means whether it is bigger or Shorter timeframe it looking negative overall
GRAPHITE - MID TERM TRADE - 16th December #stocksGRAPHITE (1W TF)
Swing Trade Analysis given on 16th December, 2023 (Saturday)
Pattern: SYMMETRICAL TRIANGLE
- Breakout of Resistance & Trendline - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #graphite
SWING IDEA - JKLAKSHMI CEMENTJK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors.
Reasons are listed below :
The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through.
Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement.
A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence.
The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend.
Target - 1069 // 1158
Stoploss - weekly close below 819
NLCINDIA - SWING TRADE - 3rd December #stocksNLCINDIA (1D TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: RECTANGLE BOX BREAKOUT
- Volume Buildup Near Resistance - Done ✓
- Trendline Breakout - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nlcindia
SBI CARDS TRADING AT IT'S WEEKLY SUPPORTIn SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly.
Targets for mid to long term have been calculated according to the swing highs in weekly timeframe.
This whole idea will become invalid if price closes below 655 which is the major support area in weekly timeframe.
So, please keep SBI CARDS in your watchlist for long term investment.
If you like my view, do support it with a boost which is a valuable inspiration for me to post ideas like this in future. Thank you friends!
IDFCFIRST Bullish Wedge BreakoutThere is a one more stock Which was showing a great opportunity and forming Bullish Wedge, stock is in resistance zone and ready to blast let's see breakout sustain or not. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Long Setup in VST TrillersA bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:VSTTILLERS
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover