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Rangebound

Range Bound Breakout expected at 2184NSE:VINATIORGA Structure : Range bound What is range bound market? Whenever a stock or index is trading between support and resistance it is called Range bound. There is no strong move in either direction. Prices tend to ping back and forth near old highs and then fall to prior lows. The range-bound movement usually occurs at the end of a large move as the bulls and the bears fight over the direction of the next move. Generally breakout occur at the previous direction of the underlying. Range Bound Level : 1770 to 2130 Range bound levels are clearly drawn in the chart as support and Resistance. Break out level : 2184 CMP : 2170 Advance Buy Order @ >= 2185 Reason : Range Breakout at 2185 Long Term Target: 2540 - 2560 + + + Short Term Target : 2300 - 2400 - 2500 - 2540 + + + Note: BUY only > = 2185. CMP 2170
NSE:VINATIORGALong
by FalgunPrajapatiTrading
NIFTY- Possible Trade for 05-09-2022Last week saw the NIFTY make a range of close to 615 points and one could see strong buying interest near 17200 levels and absence of any buyer intention above 17560 zone. For today and the current week, if we work with the assumption of a range bound market, we may find trading at the boundaries expecting a reversal to be a successful strategy. The index can fall to lower levels if it continues to trade below 17600. On the other hand if the index starts trading above 17660 levels we can see the index climbing higher levels. Important levels for the day and weekly expiry are given below Bullish Above 17660 Possible Upside targets - 17740/17786/17810/17860/17910 Bearish Below 17588 Possible Downside targets - 17520/17480/17430/17380/17310/17260 Disclaimer The analysis provided here is only for educational purposes. The author(s) do not assume any responsibility for the trades taken based on this analysis. Consult your financial advisor before initiating any trades.
NSE:NIFTY1!
by binuppaul
NIFTY- Possible Trade for Today -18-06-2022In the week gone by NIFTY has made an inside bar on weekly charts. However the price action for the last five weeks clearly show buying emerging at lower levels and one can see higher lows being registered in the last five weeks. Based on price action in shorter time frame and also after looking at the FnO data we think the market is likely trade sideways with in the range of 16330-16100 with an upwards bias. Once the index breaks 16300 decisively it can push to higher targets. On the other hand if 16100 is not defended on a closing basis we could see the market moving downwards. Important levels for the week and day are given below Bullish Above 16130 Possible Upside targets - 16180/16230/16280/16310/16330 Bearish Below 16080 Possible Downside targets -16020/15980/15940/15900 Disclaimer: The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades
NSE:NIFTY
by binuppaul
Nifty: Chart set up, Technical Analysis view and strategy When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have covered up our Nifty long position and have a initiated a trading strategy in morning to trade the new situation. Our strategy gives us protection of 550 points to be wrong and yet not be in loss till expiry. F&O trade is risky so trade with proper risk management in place. Take care & safe trading...!!! Life & Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
ICICI BANK TRADING IDEA Q4 2022 ResultsNSE:ICICIBANK Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal. A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200. There is a Gap between 778 to 788... which is offering resistance! Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25, 2022. However, analysing the Futures Open Interest data its observed that there is a short build up. Option OI suggests that heavy Call Writing has been done from 780 onwards... 800 has the highest CALL OI... So 800 will be a Strong Resistance. Also Maximum Puts have been written at 700 level, so 700 is a good support. These two levels may be respected at least till this month Expiry April 28, 2022. Overall its prudent not to enter at 770 above level unless it crosses the resistance... else it may be a Trap for the Bulls!
NSE:ICICIBANK
by ka4mic
3
TCS: Range bound movement till Mar 2022 ?TCS The stock looks likely to be range bound Broader range 3400-4000 Plan your trade accordingly...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TCS
by indiamarketoutlook
HAVELLS WEEKLY CHART ANALYSISHavells had a W-pattern break near March 2020 lows. The W and M patterns are very commonly seen on the candlestick charts. W patterns are bullish in character and are generally seen at the bottom of a downtrend, whereas M patterns are bearish and are seen at the top of a rally. The stock made new highs in Nov 2020 followed by strong follow up bullish candles which can be observed till mid-Jan 2021. Thereafter, the stock went into consolidation for about 6 months but the downside was limited. The consolidation is a phase in which a stock gyrates in a range for some time. If the stock forms deeper lower-lows and lower-highs, it is called a correction. But in case of Havells, the lows were not deeper enough to call it a correction. The consolidation ended up as a falling wedge pattern (which is considered bullish in character) and then broke out of this pattern in July 2021. The stock had a very strong breakout above the previous high at the end of August but it ended up as an exhaustion. Exhaustions can be observed as very wide candles at or near the top of a rally. It signifies that the buyers are exhausted and the stock may face a sluggish rally or consolidation or correction in the coming weeks or days. The October sharp fall is an evidence of the exhaustion in the August. But this sell off stopped right near the prior important support/resistance zone (1200) and there was no follow up on the downside thereafter. The stock tested the 1200 zone recently in December and has been trying to hold. It seems like a range bound action between 1200 to 1500 can be seen in the coming days/weeks (support near 1200 and resistance near 1500). A strong break on either side (below 1200 for downside and above 1500 for upside) will lead to a decisive move. I hope this analysis will help some traders/investors in decision making. Regards #Consult your financial advisor before final decision making.
NSE:HAVELLS
by Bravetotrade
Tata Motors: Chart set up & trading strategyTata Motors 455 - On the downside 435 / 415-420 are important support levels - On the upside 485 / 500-510 zone are important resistance levels Given the set up, a Short strangle strategy may be considered for January 2022 Series Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATAMOTORS
by indiamarketoutlook
JUSTDIAL narrow range breakout.JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind: LONG ABOVE: 983 STOP LOSS: 945 TARGET: 1021 SHORT BELOW: 945 STOP LOSS: 983 TARGET: 907 _______________________________________________________________________________________________________________________________________________________ Manage your risk and trade your plan. :)
NSE:JUSTDIAL
by Tradeception_
nifty 50 weekly viewExpecting selloff at the range of (15967-16004) if Nifty break the level of 15400 and sustain for the day we can expect a downside side move for the coming month (a small correction) If Nifty close above 15900(on a daily close basis ) it can reach 16250++ (Buy only after the breakout from the resistance zone ) Personally, I'm expecting Nifty to reach 17000 by this financial year. Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NSE:NIFTYShort
by anandhavel2941
#Banknifty Trade Setup For Tuesday (13th July)So as you seeb Banknifty touch the level of 35220 and then reverse. . In the previous day you can see there is a strong resistance on the level of 35220. . It touch multiple times, so for tomorrow there is two scenarios. . 1. If Banknifty break the level of 35220 then you should go for CE after the confirmation of 15 minute green candle. . 2.Maybe Banknifty is in rangebound between 35050-35200. . If Banknifty break the support of 35000, then we can see the high pressure of selling you can go for PE.
NSE:BANKNIFTY
by neerajlalwani081
AU BANK POSITIONAL TRADEAs you see in there is a strong resistance of 1203 in the AU Bank Stock, . In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed. . But now there is high volume so two thing can happen in this case. . 1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323. 2. Maybe AU Bank can be rangebound or give some correction and then goes up. . Let see what will happen, what's your view on this comment below in the box.
NSE:AUBANK
by neerajlalwani081