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Pullback

A Pullback is possible in Nifty || Intraday levels 25/Sep/2023Good Morning Traders, Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some momentum indicator has a positive crossover which indicates that a pull back can till 19850+ levels. Important levels for Nifty:- Strong support zone 19500-19550 Minor support zone 19620 Strong Resistance zone 19850-19880 Minor Resistance zone 19800 Buy above 19726, if levels sustains at least for 15 mints. Targets we can see in upside 19799/19854 Keep stop loss at 19666 Sale below 19666, if levels sustains at least for 15 mints. Targets we can see in downside 19570/19505 Keep stop loss at 19726 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTY
by TraderRahulPal
JAGSNPHARM: Cooling Off for Potential Gains📈 JAGSNPHARM: A Potential Opportunity is Brewing! 🚀 Are you ready for an exciting trading prospect? JAGSNPHARM is showing all the signs of a lucrative setup. Here's what you need to know: Key Points: 📊 Cooled Off from Highs: JAGSNPHARM has taken a breather after reaching higher levels. This cooling-off period often paves the way for a powerful upward move. 🎯 Near Support Zone: Currently, the stock is trading very close to a strong support zone at Rs 400. This level has historically proven to be a reliable support, making it a strategic entry point. 💰 Favorable Risk-Reward: The risk-to-reward ratio for this trade looks promising, allowing you to potentially gain more while managing your risk effectively. 📈 Entry Price (in Rupees): Consider entering the trade at Rs 425.00. This entry level positions you well for potential gains as the stock heats up. ❌ Stop Loss (in Rupees): To safeguard your investment, set a stop loss at Rs 390.00. This level acts as a safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 540.00, representing a significant upside potential. This is where you may consider taking profits. 🚀 Trade Strategy: Keep a close watch on JAGSNPHARM as it shows signs of revival. Be ready to act swiftly as the stock gains momentum. Don't forget to adjust your stop loss to protect your gains. This trade idea presents a clear and detailed plan, with an emphasis on favorable risk-reward dynamics. Seize the opportunity as JAGSNPHARM looks poised for a potential rally. Happy trading! (Note: Remember to conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:JAGSNPHARMLong
by We_Learn_Investing
3
Bullish Opportunity in Union Bank the Pullback Trade SetupIntroduction: Union Bank is showing promising signs of a potential trade opportunity as it hovers near a crucial support level. This analysis outlines a pullback trade setup based on key technical indicators, such as recent price action, volume trends, and resistance levels. Technical Analysis: 1. Near Support Level: Union Bank is currently trading near a strong support level, indicating a potential bounce from this point. 2. Previous Resistance Zone: The stock recently breached the previous resistance zone at 95.00, suggesting bullish momentum. 3. Increasing Volume: The increase in trading volume confirms growing interest in Union Bank, strengthening the bullish case. Trade Details: Entry Level: Consider entering the trade at 88.00, which is a reasonable point near the support level. Stop Loss: Place a stop loss at 80.00 to protect your capital in case the trade goes against you. Target Price: Set a target price at 120.00, aiming for a significant upside potential. Risk to Reward Ratio: Risk: The risk in this trade is 8.00 points (Entry - Stop Loss). Reward: The potential reward is 32.00 points (Target - Entry). Risk to Reward Ratio: This trade offers a favorable risk to reward ratio of 1:4, indicating a potentially lucrative opportunity. Footnote: Risk Warning: Trading involves substantial risk and may not be suitable for all investors. Make sure to do your own research and consider your risk tolerance before entering any trade. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always consult with a qualified financial advisor before making any investment decisions. Note: The mentioned price levels are approximate, and it's essential to monitor the stock's behavior closely to execute the trade effectively.
NSE:UNIONBANKLong
by We_Learn_Investing