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Resistance_level

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.
NSE:BAJFINANCEShort
by sufficientDog30325
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:
NSE:NIFTY
by AdarshDey
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
NSE:CNXFINANCEShort
by manojshinde27
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. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TITANLong
by radha_23
[POSITIONSL] AXISBANK LONG IDEAAXISBANK is currently trading at a big resistance zone that is trying to break it. This Resistance zone has touched 5-6 times in the past but could not breach it. If AXISBANK breaks this resistance zone it is a very good candidate to go long for target of 1000-1100s . Entry :- 825 SL :- 722 (Last swing low) Target :- 1022 Please Note:- AXISBANK is almost at ATH also the overall markets (NF/BNF ) are near ATH. So there is a chance of correction, pullback even after the break of this zone (due to overall market conditions ) so we have to be cautious. We will wait for the closing Above entry point for two days before taking this trade.
NSE:AXISBANKLong
by Santosh_A_Chavan