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Resistance_level

Tata Motors on the Verge: Key Resistance Levels Current Scenario: • Tata Motors is experiencing a consolidation phase just below its previous high. • The stock has touched the resistance line twice (Touch 01 and Touch 02), indicating a strong resistance level around the previous high. Key Levels: • Entry Point: ₹1,029.00 • Stop Loss: ₹1,051.00 • Target Levels: • Target 01: ₹991.95 • Target 02: ₹938.20 • Target 03: ₹904.00 Analysis: • The stock is trading close to the resistance line, and a breakout above this level could signal a potential upward movement. • Conversely, if the stock fails to break this resistance and moves downward, it might reach the indicated target levels. Trading Strategy: • Bullish Scenario: If Tata Motors breaks above the resistance and sustains, consider entering a long position at ₹1,029.00 with a stop loss at ₹1,051.00. • Bearish Scenario: If the stock fails to break the resistance and shows signs of reversal, consider shorting with target levels at ₹991.95, ₹938.20, and ₹904.00. Conclusion: • Tata Motors is at a critical juncture with significant resistance levels in play. • Traders should watch for a breakout or reversal at these levels to strategize their trades effectively.
NSE:TATAMOTORSShort
by OptimaltradeX
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc) -from strong sector (sector is always imp as strong sector's stocks move faster) -Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses) -Inside Bar on latest candle -Volatility contraction
NSE:DATAPATTNSLong
by takmanish007
RAILTEL, railway stocks are setting up again.Check railway stocks, how well they are setting up and buzzing loud on twitter. But like only railtel and texrail, as not looking for stocks which didnt breach 4th June bloodbath bar. No regret if they give big moves as I'm following the system. And between these two, railtel is top priority, as: -One simple horizontal line setup (favourite), and consolidating for 150 days in the range -After 4th june big fall, two white dots( 5% move with 1M vol) indicating big players are buying this stock -Clean setup Buying above 428 (cheat entry: buying before major resistance in anticipation of breakout. No buy/sell recommendation.
NSE:RAILTELLong
by takmanish007
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes. If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move. No buy/sell recommendations.
NSE:THOMASCOOKLong
by takmanish007
$Bitcoin ($BTC) good setup : One Simple Horizontal line-In consolidation for 3 months (Long base means Big Breakout) -Tested 71800ish resistance level multiple times and this time after testing took support of 10 ema (2 wicks) n signalling reversal. -Good Shakeout U&R (Undercut and Rally, when price go lower than last lower: kicking out weak players , taking out their stop losses and rally back to upside) -Signal Candles: Big Green Candles with vol showing buyers in action.
Long
by takmanish007
6
LIC Hosuing Fin testing weak resistance LICHSGFIN ready to break many time tested resistance which make it more prone for BO(breakout). And sister stocks(by Jesse Livermore, stocks from same sector) : HUDCO n PNB Housing already gave good moves. And right now sister stocks are moving together: railway stocks, defense, infra. -Clearly Green Vol > Red Vol -Good Shakeout: when major ema undercut and rally (MAU&R) here 50 ema. -Signal Candle: when stock move significantly with great vol, signifies buyers are in action
NSE:LICHSGFINLong
by takmanish007
#USDT.D (Tether Dominance) Bullish: Signs of Strength#USDT.D (Tether Dominance) has formed a bullish divergence pattern, indicating a potential uptrend reversal. The price is currently surging towards the 5.04% resistance level, which, if retested or broken, could lead to a further upward movement. It's important to note the inverse relationship between USDT.D and the overall cryptocurrency market. When USDT.D rises, it suggests a flight to safety into stablecoins like Tether, often leading to a decline in the prices of cryptocurrencies such as Bitcoin and altcoins. The next key resistance level to watch is around 5.63%. If USDT.D breaks above this level, it could signal a significant move towards higher levels, potentially causing a plunge in the crypto market. Traders should closely monitor the price action of USDT.D and consider its implications for the broader cryptocurrency market. Factors such as market sentiment and external events can also impact the relationship between USDT.D and other cryptocurrencies. market sentiment and overall market conditions when making trading decisions based on technical analysis.
CRYPTOCAP:USDT.DLong
by crypto_vulture_signals
FASP levels for Nifty 01/03/2024The FASP for Nifty is listed for 01-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran