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If any dip comes, go long in Nifty So like we analysed yesterday – NSE:NIFTY stayed sideways + volatile + bullish, all three. Because the market opened above the pivot, we got the move as expected. All these points prove that the market is technically improving. That’s why it’s moving according to my plan. And if the market is following my plan, I’ll continue my intraday trading. Now, let’s talk about tomorrow. Nifty’s pivot has moved up from 24552 to 24606, which clearly shows that strength is coming back in the index. Pivot percentile is 0.05, which means it’s tight. This indicates we might see a sharp move in the direction of the trend tomorrow. However, there’s one small negative point – even though the market was green today, sellers’ volume was 5 million higher than buyers. Keeping all this in mind, my view is – tomorrow we might get a shakeout. Either as a gap-down or a sudden dip. Don’t panic in that dip, instead, wait for Nifty to cross the pivot and then look for long positions. Support will be at 24555. Resistance at 24660. NSE:BANKNIFTY is also getting ready. NSE:CNXPSUBANK and financials should lead the rally. Resistance at 55344. Support at 55100. Pivot at 55182. If it opens above pivot, you can go long with stoploss. Sector-wise, NSE:CNXPHARMA and NSE:CNXAUTO are looking strongest. Take care. Have a profitable tomorrow.
NSE:NIFTYLong
by Trendxinc
2
Indian Bank – Flag Breakout Setup from Sector Rotation ScreeningIn the latest sector rotation review, PSU Banks moved into the Improving quadrant, showing early signs of leadership. Within this space, Indian Bank was shortlisted based on: -- Alignment of 9 EMA & 21 EMA across daily and weekly timeframes -- MACD trending positively -- EFI (Elders Force Index) showing accumulation on higher timeframes Technical Structure: On the Daily and Weekly charts, Indian Bank is consolidating in a flag pattern after a strong uptrend. The EMAs are acting as dynamic support. On the Hourly chart, a rounding base is forming, indicating early recovery of momentum. Trade Plan: -- Breakout Entry: Above ₹656 with strong volume -- Stop Loss: ₹640 (ATR-based) -- Targets: ₹695 → ₹716 → ₹746 This setup aligns both with sector momentum and technical structure, offering a favorable risk–reward. Watch for sustained momentum on the breakout day to confirm entry.
NSE:INDIANBLong
by Punit190
Nifty Holds Positive Trend, BankNifty Eyes New High - Key LevelsThe missing piece we talked about yesterday — a close above 25200 — is now complete. Selling pressure has reduced, although we didn’t get the strong follow-up buying we expected. But from a trading perspective, today was superb: - NSE:SPORTKING , which we bought yesterday, gained another 7% today. - NSE:EDELWEISS intraday setup delivered a solid 6% move. - NSE:TATAPOWER ATM options shot up by 100%. - As mentioned in yesterday’s commentary, NSE:CNXPSUBANK performed well — I’m holding NSE:BANKBARODA and had added #SBIN a few days back. - NSE:SHYAMMETL closed strong today; I’ve taken it as a positional trade. - I exited NSE:CUPID today and replaced it with $NSE:MOBIKWIK. In total, I’m holding 4 open positions, and I’ll continue to hold them until they overextend. Coming to the market: Nifty formed a Supply Candle today as sellers’ volume was 33 million higher than buyers. The positive takeaway is that selling pressure has eased, and the trend has moved back to the positive zone. Considering these conditions, tomorrow is likely to remain sideways. NSE:NIFTY levels for tomorrow: - Resistance: 25250 — a close above this could trigger short covering up to 25500 - Support: 25155 BankNifty looks stronger than Nifty and seems ready for a new all-time high. NSE:BANKNIFTY levels for tomorrow: - Support: 57000 - Resistance: 57300 — a breakout above this can push it to fresh highs Sector-wise, #PSUBANKS remained the strongest today. That’s all for today. Take care. Have a profitable tomorrow.
NSE:NIFTYLong
by Trendxinc
2
Indusbank | Trendline Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Supports ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view
NSE:INDUSINDBKLong
by ReviveTraders
AxisBank | Trendline BUll Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Supports ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:AXISBANKLong
by ReviveTraders
PSUBANK: Elliott Wave Analysis and Technical BreakoutTechnical Analysis: PSUBANK Index Elliott Wave Analysis The chart reveals a potential Elliott Wave structure within the PSUBANK Index. We're currently observing a bullish development within wave 5. This bullish impulse is supported by a clear upward trendline breakout. Key Points: Resistance Trendline Breakout: The index has decisively broken above the resistance trendline, suggesting a potential reversal of the previous downtrend. Bullish Divergence: The presence of a bullish divergence between price and momentum indicators, often signals a potential trend reversal. This divergence adds credence to the bullish outlook. Wave Structure: The current structure aligns with an impulsive wave pattern, where wave 5 is typically the dynamic move after corrective 4th Elliott Wave sequence. Potential Scenario Based on this analysis, we can anticipate a continuation of the bullish trend, potentially leading to the development of wave 5. This could drive the index higher, with the upside potential potentially reaching the 8000-8200 zone. Trading Implications: Bullish Bias: Maintain a bullish bias for the PSUBANK Index, given the strong technical signals and potential for further upside. Entry Points: Consider entering long positions on pullbacks (if any). Stop-Loss: Place a stop-loss below the 6185 level, which would invalidate the bullish scenario. Risk Management: Implement proper risk management techniques, such as using stop-loss orders and position sizing, to protect your capital. This analysis is based on Elliott Wave Theory and technical analysis, which involves multiple possibilities and interpretations. The information provided is for educational purposes only and should not be considered as financial advice. It's crucial to conduct your own research and consult with a financial advisor before making any investment decisions. There is always a risk of being wrong, and users are advised not to trade or invest solely based on this analysis. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:CNXPSUBANKLong
by RK_Chaarts
Technical Analysis - Elliott Waves of SBINThis analysis is based on Elliott Wave theory and is for educational purposes only. It does not constitute financial advice. Key Observations: Ascending Diagonal Triangle: The price action appears to be forming an ascending diagonal triangle pattern, suggesting a potential bullish breakout. Wave Structure: The current price movement could be interpreted as an impulse wave, with a strong possibility of a fifth wave extension. Invalidation Level: The 732.00 level acts as a critical invalidation point. A break below this level would negate the bullish outlook. Potential Target: A breakout above the triangle's upper boundary could lead to a significant price increase, with a potential projection around the 920.00 level and more Overall Outlook: The technical analysis based on Elliott Waves suggests a bullish bias for SBIN. However, it's essential to monitor the price action closely and be prepared to adjust the analysis if the market's behaviour deviates from the expected pattern. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SBINLong
by RK_Chaarts
2