Nifty Intraday levels for tomorrow / today 28 OctoberNifty Intraday levels for tomorrow / today 28 October
Priceactiontrading
DeepakNTR at demand zoneDeepak nitrate taking good support over demand zone. Swing traders can plan entry with SL below the support area.
Apollohospitals at demand ZoneApollo hospitals bouncing back from demand zone with strong buying momentum.
NSE:GMRINFRA LongNSE:GMRINFRA
#GMRINFRA reached ATH and retraces, now closed @ resistance level 40 levels, breakout and sustainability will give positive momentum !!
Post Confirmation, can try 40 CE
Levels shared today and resulted:
#IRCTC - 24K
#VEDL - 25K
#ONGC - 8K
#ICICIBANK - 36K
#CANBK - 12K
#AXIS - 20K
#BANKBARODA - 27K
#POLYCAB - 14K
#CIPLA-7K
#POWERGRID - 9K
#INDIGO - 22K
Happy Trading !!
Large Caps ready for a move!1. Maruti Suzuki :- Monthly chart, consolidating below 3 year old neckline
2. M & M :- Monthly chart, Just below 2018 highs made during auto rally in 2018
3. Reliance :- Weekly chart, broke out of consolidation few weeks ago after having a super run in 2020.
4. L & T :- Monthly chart, Broke out of 13 year old channel.
5. HDFC :- Weekly chart, New life high after breaking out of narrow range
6. ITC :- Monthly chart, moved out of tight band around 200. ( Usually stocks reach Life highs after such tight movement )
7. ICICI Bank:- Weekly chart, Made a new life high after crossing resistance created by 3 strong rejections.
8. Axis Bank:- weekly chart, forming a Tight range just below previous life high. Expecting a strong move as the Life high is critical level because multiyear breakout fizzled out at that level.
📈 Pre-open Chart #PriceAction Analysis by #KRMG (21 Oct)👉 Stock 2- #UPL
👉 Sector - Commodities
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - UPL has started slower Downtrend from 865 Level as per the Daily TF, and also it has now showing strong strength in Downward direction from last couple of Days
It has continued good Lower High pattern as per 15- Min timeframe and also yesterday after opening it continued slower Down move and closed near days Low
For Sellers to maintain dominance, it needs to close and sustain below the #CRITICALZONE
For Buying pattern - BREAK OF 15 MIN structure is mandatory (Watch for volume spikes )
🎯 Coming to sectoral pattern - #NiftyCommodities after good uptrend now its is sustaining and accumulating at its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
📈 Pre-open Chart #PriceAction Analysis by #KRMG (21 Oct)👉 Stock 1- #HINDUNILVR
👉 Sector - FMCG
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 2860 Level and it also showing strength in downward direction and has 2350 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 2400 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #Niftyfmcg is currently showing the downside strength as its reversed strongly from its ALL TIME HIGH Level and closed convincingly below its important Support of 39900 Level
#KRMGPriceAction
#LearnWithKRMG
Nestle India Supply ZoneShort in the Quasimodo level and keep you stoploss above MPL line,
Your target should be nearest demand zone(MIP or BUFL).
Nestle India Supply ZoneShort in the Quasimodo supply zone, and Keep your stoploss above MPL line.
And your target should be nearest demand zone(MIP or BUFL)
LT 1Month analysiswe have spotted yet another major breakout
in LT, it has been in a channel since 2007, this
might be a good opportunity, It already broke the
channel, Now we can see higher levels, if it corrects,
it might test 1590 levels and then move higher
SL should be big for 1M timeframe analysis and
the targets too
Bharti Airtel - Long trade - SL 680 Bharti Airtel, unlike its nature, is stuck in a very narrow range. If it had to go down, it would have happened by now. But the fact that it is holding its upper levels is a very positive sign for the bulls. Plus, it's available at a very attractive RR, 680 should be the stops, and targets should minimum be a new high. Watch for its price action early next week to take positions in this stock.
Disclaimer- I have long positions in this stock, please consider your risk and reward. Bharti Airtel tends to make very volatile moves.
MOTHER SUMI 1D analysisMOTHER SUMI has regained it's previous support
level, and it has broken a major trendline
it might test higher levels in coming days
we can set a target upto 250
Indian Bank- Good Accumulation Hello All,
Yesterday I posted about how I am able to see a upside in PSU BANKS Index (I have attached the link of that article below). I asked you all to reflect on it and prepare a list of the stocks which can be the early leaders in this sector.
I personally find Indian Bank's setup really convincing. Stock is forming a VCP pattern on the Weekly chart and looks ready to explode. A lot of accumulation can be seen during this period (just look at the height of volume bars). The quantity delivered during the high volume days is also good.
Since it's a weekly chart the SL should be a bit long but so is the Target.
SL can be kept around previous pull back level of around 120 while the first target expectation can be around 200.
Happy Trading! :)
LalpathLab - Good RR setupLalpath took support over the lower TL of the channel. Swing traders can make positions above 3800 in the upcoming session. SL below the lower TL.
SWSOLAR 1hr analysisSWSOLAR has been in an expanding channel pattern
and it is it at the resistance level appears to be ready for a breakout,
it has huge upside potential if it breaks the level,
it might move higher to fill the gaps that are formed in the past,
Wait for a strong candle to close above the trendline, that will be a good entry
usdjpy short then longNotice that both weekly and daily candles closed with very strong bullish momentum. I expect a .618 retracement after the impulsive buys that happened this week and then we continue upwards again to 112.404 price level . Upon market open by Sunday night, I will be looking out for my sell confirmations. before buying up.
SupremeInd - BreakoutSupreme Industries has broken out of a channel pattern. Plan your trade with the right risk management.
📈 Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)👉 Stock 1- #DRREDDY
👉 Sector - PHARMA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
📈 Pre-open Chart #PriceAction Analysis by #KRMG (08 Oct)👉 Stock 1- #DRREDDY
👉 Sector - PHARMA
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been strongly reversed to downside from 5000 Level and it also showing strength in downward direction and has 4750 Level as its next barrier as Hourly Timeframe
If it breaks and sustain Below the CRITICAL ZONE it may start continuation of Downtrend and has space till 4820 Level
Watch for #PriceAction around important CRITICAL ZONE structural points to plan your trade
🎯 Coming to sectoral pattern - #NiftyPharma is currently showing the downside strength from its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
TATA MOTORS, 1hr analysisTATA MOTORS has broken a major resistance level
and it appears to be taking support now,
we can take a long position after it bounces,
the upper resistance will be the target
