Resistance_level
Schaeffler India Ltd- Resistance BreakoutKey Points:
- On daily chart strong Bullish breakout momentum seen after down trend with potential of 12.50% rise from closing price of Rs. 2943
- Resistance breakout @ 2873
- RSI > 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume is above VMA
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only
Symphony – Seasonal Bullish BreakoutKey Points:
- On weekly chart - after a yearly consolidation zone Bullish breakout seen with potential of 30% rise from current price
- Resistance breakout @ 1069
- RSI near to cross 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average on daily chart
- Super trend is positive
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Zydus Life – Cup and Handle BreakoutKey Points:
- Bullish cup and handle patter with potential of 23% rise from current price
- Resistance breakout @ 474
- RSI near to cross 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average
- Super trend is possitive
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
BPCL Near Resistance ZoneBPCL is near resistance zone on hourly chart.
Long
we can go long if price breakouts & retest above the resistance zone. stoploss below the resistance zone. target will be the next resistance zone.
Short
we can go short if price makes strong bearish candle near resistance zone. stoploss above the resistance zone. target will be the next support zone.
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Blue Star - Resistance Breakout Key Points:
- Bullish Trend - Three white soldiers candlestick pattern
- Resistance breakout @ 1280
- RSI crossing 75
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
KEI Industries LimitedKEI:- If the stock sustains the upside, then we may see an upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Swan Energy LimitedSWANENERGY:- The stock is trading in a narrow range from last 13 days, may go upside if it gives a breakout, till then keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Bajaj Finance OverboughtBajaj Finance in overbought zone on the topside of the value area with several tops forming and a struggle to break above the zone even in a trending market.
After a mini-bull run, if Nifty falls as per my analysis, this could be one of the first contenders to crash.
Obviously, if analysis fails, then it could breakout and go up. But with weak volumes in the chart, this looks set for a fall. The weekly and monthly chart too suggest something similar.
Also, despite decent profit numbers, it should be noted that with further rate hikes incoming, the financing market could face a squeeze in terms of demand.
Keep in radar. Let us wait and see.
NIFTY OUTLOOKIn the Previous Nifty Outlook, I mentioned on 13th or 14th Oct, the low will be formed before a good bounce that is expected to be made. Nifty made a low on 13th and gave a huge Gap up on 14th.. And previously the support level were 17081 incase of the gap down of 10th Oct and once if it breaks gradually the next support was 16900. Nifty made huge gap down on 10th Oct and a low at 17064.70, Just 15 points from the mentioned level and rallied perfectly on Intraday Basis. And during the entire week a low of 16950 was punched on charts.
In the coming week, I expect nifty to be range bound from 16947 to 17442 , unless the zone of 17442-17561 is not broken, a good up-move can't be seen. In case a major breakdown is seen it will be for 16637 below 16947 on closing basis. The reason I am bullish despite of the bad news in the streets is because of the chart of Dow Jones. Dow is at 250 weeks MA and has respected it beautifully in these weeks.And this helps me to be optimistic about global markets. Until and unless this support is not broken I don't see a major correction in future but a support retest won't be a impossible scenario.
If you find the post useful, please do like because that's what keep me motivating.
CHART & ANALYSIS
ADARSH DEY
LINK TO THE PREVIOUS WEEK NIFTY OUTLOOK:
Support and Resistance Levels for Nifty Financial Services Finnifty Trading with Demand and Supply Zones
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty – 17650 – 17665
Second Support Zone For Finnifty – 17553 – 17565
Third Support Zone For Finnifty – 17411 – 17425
Resistance Zones For Finnifty Intraday Trading
First Resistance Zone For Nifty – 17738 – 17720
Second Resistance Zone For Nifty – 17832 – 17820
Third Resistance Zone For Nifty – 17922 – 17909
Titan Company Ltd - Breakout Soon + Keep an eye 📊 Script: TITAN (TITAN COMPANY LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY 500
📊 Sector: Consumer Durables
📊 Industry: Gems Jewellery And Watches
Weekly Time-Frame
Key highlights: 💡⚡
📈 Script is trading near at its resistance level which is around 2745 in both daily as well as weekly Time frame as mention in chart.
📈 MACD and Double Moving Averages may give crossover into next trading session.
📈 RSI is around 62.
BUY ONLY ABOVE 2745
Last 5 year stock performance between Sep - Dec
💥2017: 35%
💥2018: 3.4%
💥2019: 7.6%
💥2020: 24.5%
💥2021: 26%
👉Strong fundamentals, Expensive valuation
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂