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12 Sep 2024 Bank Nifty Predictions1. What was Today's Scenario? The market moved down today. This is evident from the 5-minute chart showing a consistent downward trend throughout the trading session. 2. What level of support and resistance exists on Next Trading Day? Based on the daily chart: • Support Level: Around 50,800 (previous low) • Resistance Level: Around 51,400 (previous high) 3. What is the Next Trading Day Scenario? Based on the current chart patterns and today's downward movement, the next trading day scenario could be: Time Market| Condition Opening | Slight Gap Down Morning | Bearish Midday | Range Bound Afternoon | Slight Recovery 4. Strategy or STRIKEs for Next Trading Day As an option buyer , the following strategy could be effective: • Morning Session: Buy 51000 PE if the market opens with a slight gap down and shows bearish signs. • Afternoon Session: Consider buying 51000 CE if there is a slight recovery. Additional Analysis • Volatility: Expect higher volatility in the morning session. • Stop Loss: Set a strict stop loss to manage risk, especially in a volatile market. By following these specific strategies and levels, you can make more informed decisions for the next trading day. Disclaimer : Do Follow you Risk and Money management, We are not providing any TIP or IDEAS, Just Sharing My views.
NSE:BANKNIFTY
by JayeshBoradia
4
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
HBL POWER Systems - Looks Good!A Symmetrical Continuation Triangle Pattern Identification on Daily Chart A Symmetrical Continuation Triangle is a technical analysis pattern observed in financial markets, particularly in charts representing price movements of such stocks, currencies, or commodities. It's considered a continuation pattern, meaning it suggests that the current trend is likely to continue after a period of consolidation or sideways movement. Breakout: The breakout from the triangle occurs when the price breaches one of the trendlines, usually accompanied by increased volume. This breakout can occur before the apex of the triangle, but it's often observed shortly after the apex. Continuation: The breakout is interpreted as a continuation of the previous trend. Traders often use various technical indicators or additional chart patterns to confirm the breakout and determine the potential direction of the continuation. However, it's important to note that no pattern or indicator is foolproof, and traders should always consider other factors such as fundamental analysis and risk management strategies in their decision-making process. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HBLENGINE
by hardeepssethi
Large Rectangle Breakout Seen in BPCL Ltd.Hello Everyone, i hope you all will be doing good. I have found a Good Trade which just have retested the levels after giving successful breakout on chart, And today i am gonna to teach you about this pattern so if you see this pattern next time, you all will be able to trade accordingly. Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see above in BPCL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but guy's We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. ABOUT:- Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products. Market Cap ₹ 1,30,112 Cr. Current Price ₹ 600 High / Low ₹ 688 / 331 Stock P/E 4.81 Book Value ₹ 349 Dividend Yield 3.50 % ROCE 32.1 % ROE 41.9 % Face Value ₹ 10.0 Industry PE 7.78 Debt ₹ 54,599 Cr. EPS ₹ 124 Promoter holding 53.0 % Intrinsic Value ₹ 837 Pledged percentage 0.00 % EVEBITDA 3.77 Change in Prom Hold 0.00 % Profit Var 5Yrs 28.2 % Sales growth 5Years 8.48 % Return over 5years 9.16 % Debt to equity 0.72 Net profit ₹ 26,859 Cr. ROE 5Yr 23.0 % Profit growth 709 % Important levels for BPCL Ltd. Buy in between 605-585 ( Accumulate more if get lower levels till 550-530) Targets we can see 808/1008/1290++ Keep Stop loss at 471 Price is above 200 EMA We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe. with Good Volume Price is sustaining above breakout trendline and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want to keep chart neat and clean but i have analysed already) 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:BPCLLong
by TraderRahulPal
Bajaj Twins looks good bet for FY 2024-25.Bajaj Twin are waiting for a move while other stocks of the group has given good returns in last few months. Both the finance sector companies are trading a break out zone. Banks and other NBFC's has performed and created new highs. Bajaj Finance A bullish engulfing candle on the monthly charts is showing some trend reversal in the stock and has gained over 10% this month. Price action traders can seen the bullishness in the stock and it is trading in a consolidation zone creating a bullish break out pattern. There are chances of it consolidating around 7600-7800 levels and break out the higher 8200 levels creating a new ATH. Volume profile ,since April '24, is also showing much of the activity happening around the trading price which signifies less selling volume on the higher levels on monthly charts. Investment and positional stock holding in these stocks seems good for this FY. Target price as per Fib Ext. are 8700-9250. Bajaj Finserv Its ATH high is 1932.50 and the stock is trading around 1644 levels. Multi-month consolidation break out can be seen in the stock. If the stock starts to sustain above 1850-60, there are high chance of it giving 30-40% returns in coming FY. The major resistance around 1860 is there and a break out is there just below the levels around 1700. A position on the triangle break can be initiated with 25% of the investment capital and add on to the position on the horizontal zone break out. Volume profile of Bajaj Twins are matching and are at the trading price. More bullish confluences help in carrying the trade and it is doing it. The target price of 2100-2250 can be predicted as per the Fibonacci extention tool. Entry should be made only after watching a price action or a break out with good volumes while closing over the levels on weekly or monthly charts. Chart patterns and trading them are different thing. Price will be traded and chart pattern will help built the confidence.
NSE:BAJFINANCE
by TheMamboMomentum
Amazing breakout on Weekly / Daily Timeframe - AMBUJACEMCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-) PS: This script is shared 1-2 days delayed. Sorry for the delayed charts, STILL IN BUYING RANGE OR CAN WAIT FOR RETRACEMENT.
NSE:AMBUJACEMLong
by Yoyohoneysingh93
Amazing breakout on Weekly / Daily Timeframe - TRITURBINECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-) PS: This script is shared 1-2 days delayed. Sorry for the delayed charts. However, the chart is still on buying range.
NSE:TRITURBINELong
by Yoyohoneysingh93
Sell position detected !Certainly! Here's the prepared text with the signal incorporated: Trade Signal: #BTC Sell Position Entry: Sell at 52,400 Take Profit (TP): 50,600 Reasoning: In this trade, the decision to take a selling position is based on the declining value of Bitcoin (BTC). Several logical reasons support this decision: Technical Analysis: Analysis of the Bitcoin price chart may indicate a bearish market sentiment, suggesting a potential continuation of the downtrend. For instance, chart patterns such as a head and shoulders reversal pattern or a swift decline in moving averages (MA) could be observed. Fundamental Analysis: News or events that could negatively impact Bitcoin's value might be influencing this decision. This could include negative government statements or regulatory constraints in digital asset markets. Combined Analysis: Utilizing a combination of technical and fundamental analysis can provide a more robust entry point. For example, if a negative chart pattern coincides with unfavorable news regarding Bitcoin, it could serve as confirmation for the selling decision. Considering these factors, taking a selling position can be a logical decision. However, it's essential to remember that trading in financial markets carries inherent risks, so always conduct thorough research and consider implementing proper risk management strategies.
Short
by PatFin
1
Federal Bank: Breakout Confirmed, Bullish Consolidation or RetesAnalysis: The chart of Federal Bank on TradingView suggests a confirmed breakout above the 158.95 resistance level (orange dotted line), offering a potential long entry opportunity. However, recent market volatility and the price action within the chart require careful consideration. Current Price: ₹164.70, above the breakout level Breakout Confirmation: The recent surge past the resistance zone, accompanied by decent volume, confirms a potential trend reversal. However, the recent market weakness and the consolidation pattern visible in the chart necessitate further analysis. Trading Strategies: Aggressive: Enter long only if the price breaks above the consolidation range with renewed buying volume, suggesting continued momentum. This approach requires confidence in the breakout's strength despite recent market weakness. Set a stop-loss order below the breakout level (₹158.95) or below the consolidation range, whichever is more conservative. Potential target prices could be ₹175 and ₹185 based on chart patterns and Fibonacci extensions. Conservative: Wait for a potential pullback towards the breakout level (₹158.95) or within the consolidation range. Enter long only if the price finds support at the pullback zone and exhibits strong bullish reversal signs, such as a double bottom or engulfing bullish candlestick pattern. This approach prioritizes minimizing risk before committing. Additional Considerations: The stock market is inherently volatile, and recent market weakness could impact Federal Bank's momentum. Carefully analyze the price action within the consolidation range in the image to assess its strength and potential breakout direction. Conduct your own fundamental research to assess Federal Bank's financial health, industry outlook, and future prospects before making investment decisions. Implement prudent risk management through stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
NSE:FEDERALBNKLong
by TRADING-NASA
Large Rectangle Breakout Seen in GAIL India Ltd.Hello Traders, i have brought another analysis on a pattern breakout which called (Rectangle Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in GAIL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. So now let's focus about company background. Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets. Market Cap ₹ 76,074 Cr. Current Price ₹ 116 High / Low ₹ 123 / 83.0 Stock P/E 18.4 Book Value ₹ 98.8 Dividend Yield 3.46 % ROCE 9.79 % ROE 8.69 % Face Value ₹ 10.0 Debt ₹ 17,816 Cr. EPS ₹ 6.32 PEG Ratio 5.93 Promoter holding 51.9 % Intrinsic Value ₹ 309 Pledged percentage 0.00 % EVEBITDA 10.8 PROS Stock is trading at 1.17 times its book value Stock is providing a good dividend yield of 3.46%. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 43.6% CONS Company has a low return on equity of 13.8% over last 3 years. Earnings include an other income of Rs.2,947 Cr. Important levels for GAIL India Ltd. Buy in between 112-117. Targets we can see 130/140+ Keep Stop loss at 108.5 Price is above 200 EMA We have seen Proper Breakout of Large Rectangle Pattern in weekly timeframe. with Good Volume Price is sustaining above breakout trendline and it has given pull back to retest the levels MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already) 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:GAILLong
by TraderRahulPal
41
Rectangle Breakout & Pull Back Pattern Seen in Apollo HospitalHello Guy's, Guy's we have seen small rectangle pattern breakout and pullback pattern in APOLLO HOSPITAL. Now chances are high, we can see uptrend continuation from here. I have already explained earlier about this pattern, but again i will copy and paste from gail, so it will be easy to understand to those who newly joined with us. Q:- What is Rectangle Pattern and How to Use Rectangle Chart Patterns to Trade Breakouts? Rahul:- A rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels. A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated. The price will “test” the support and resistance levels several times before eventually breaking out. From there, the price could trend in the direction of the breakout, whether it is to the upside or downside. we can clearly see Above in APOLLO HOSPITAL chart that the pair was bounded by two key price levels which are parallel to one another. So, Traders, i hope you Guy's have learned today how to Trade Rectangle Pattern, but Mates We just have to wait until one of these levels breaks and go along for the ride! Remember, when you spot a rectangle: THINK OUTSIDE THE BOX! That's it. So now let's focus about company background:- Apollo Hospitals was established in 1983 by Dr. Prathap C Reddy, renowned architect of modern healthcare in India. As the nation’s first corporate hospital, Apollo Hospitals is acclaimed for pioneering the private healthcare revolution in the country. Apollo Hospitals has emerged as Asia’s foremost integrated healthcare services provider and has a robust presence across the healthcare ecosystem, including Hospitals, Pharmacies, Primary Care & Diagnostic Clinics and several Retail Health models. Market Cap ₹ 80,392 Cr. Current Price ₹ 5,591 High / Low ₹ 5,688 / 4,078 Stock P/E 115 Book Value ₹ 453 Dividend Yield 0.27 % ROCE 14.5 % ROE 13.7 % Face Value ₹ 5.00 Industry PE 37.9 Debt ₹ 4,889 Cr. EPS ₹ 48.5 Promoter holding 29.3 % Intrinsic Value ₹ 933 Pledged percentage 16.1 % EVEBITDA 38.0 Change in Prom Hold 0.01 % Profit Var 5Yrs 67.1 % Sales growth 5Years 15.0 % Return over 5years 35.1 % Debt to equity 0.75 Net profit ₹ 730 Cr. ROE 5Yr 10.4 % 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:APOLLOHOSPLong
by TraderRahulPal
Continuation Wedge - Bullish PatternA continuation wedge , is a technical analysis pattern found in daily chart of MTARTECH. Let's delve a bit deeper into the components and dynamics of this pattern. Bullish Continuation Wedge: Shape and Structure: Trendlines: A bullish continuation wedge consists of two converging trendlines that slope downward against the prevailing uptrend. These trendlines create a narrowing price range, forming a wedge shape. Market Psychology: Temporary Interruption: The wedge pattern represents a temporary pause or interruption in the ongoing uptrend. It suggests a consolidation phase where both bulls and bears are active, and the market is undecided about the future direction. Battle between Bulls and Bears: During the formation of the wedge, bears attempt to gain control and reverse the trend. This can lead to some price retracement or sideways movement as selling pressure increases. Resolution and Outcome: Breakout to the Upside: The key moment occurs when prices break above the upper trendline of the wedge. This breakout signals that the bulls have ultimately triumphed over the bears, and the prior uptrend is likely to continue. Volume Confirmation: Ideally, the breakout should be accompanied by a noticeable increase in trading volume. This helps validate the strength of the bullish move. Trading Strategy: Entry: Traders may consider entering a long (buy) position when the price breaks above the upper trendline of the wedge. Stop-Loss: A stop-loss order can be placed below the lower trendline of the wedge to manage risk. Target: The length of the wedge pattern can be used to estimate a target for the bullish move. This is measured from the beginning of the wedge to the point of breakout. Cautionary Notes: False Breakouts: While the pattern is reliable, false breakouts can occur. Therefore, it's essential to wait for confirmation, especially through increased volume. Confirmation with Other Indicators: Traders often use additional technical indicators or chart patterns to confirm the potential success of the breakout. In summary, a Bullish Continuation Wedge is a pattern that indicates a temporary pause in an uptrend, with the ultimate resolution being a resumption of the upward movement. Trading decisions based on this pattern should be supported by additional analysis and risk management techniques. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:MTARTECH
by hardeepssethi
West Coast Paper: Unfurling Opportunities West Coast Paper, a prominent player in the paper industry, is currently exhibiting compelling characteristics that have caught the attention of swing traders. A confluence of positive factors, including strong chart strength and growth in fundamentals, positions West Coast Paper as a potential candidate for a swing trade. The charts for West Coast Paper are displaying noteworthy strength, with technical indicators suggesting favorable conditions for a swing trade. Investors are taking note of the stock's resilience and potential for short to medium-term gains. Beyond the chart dynamics, the company's fundamentals are adding to the attractiveness of West Coast Paper as a swing trade opportunity. The growth in fundamentals, which may include aspects such as revenue, earnings, or market share, provides a solid foundation for sustained stock performance. Swing traders seeking opportunities in the paper industry may find West Coast Paper appealing as it combines favorable chart patterns with robust underlying fundamentals. It's imperative for traders to conduct due diligence, considering technical and fundamental aspects, before making any swing trade decisions. As with any trading strategy, risk management is crucial. Monitoring market conditions, staying informed about industry trends, and adjusting positions accordingly are integral parts of successful swing trading. Seeking advice from financial professionals or advisors can offer valuable insights tailored to individual risk tolerance and financial goals when considering swing trades in stocks like West Coast Paper.
NSE:WSTCSTPAPRLong
by Shivam_Bhanot
Amazing breakout on Weekly / Daily Timeframe - ENGINERSINCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: This script is shared 1-2 days delayed. Sorry for the delayed charts
NSE:ENGINERSINLong
by Yoyohoneysingh93
Ascending Triangle Pattern BreakoutAn ascending triangle is a bullish chart pattern that typically forms during an uptrend and indicates a potential continuation of that trend. The pattern is characterized by a series of higher lows and a horizontal resistance line. The breakout from an ascending triangle occurs when the price breaks above the horizontal resistance line. Here are the key components of an ascending triangle breakout: #Formation of Ascending Triangle: The pattern starts with an upward trend, where the price forms higher lows. A horizontal resistance line is drawn connecting the highs, creating a triangle shape. #Volume Analysis: Volume tends to diminish as the pattern develops. A breakout with a noticeable increase in volume is often considered more significant. #Breakout Confirmation: The breakout occurs when the price closes above the horizontal resistance line. Traders often look for a decisive close above the resistance level to confirm the breakout. #Measuring Target: The height of the triangle pattern is measured from the base to the highest point within the triangle. This measurement is then added to the breakout point to estimate a target price. #Risk Management: Traders typically set stop-loss orders below the breakout point to manage risk. It's important to monitor the price action after the breakout to ensure it is sustained. #False Breakouts: Sometimes, price may briefly move above the resistance line but then retreat below it. This is known as a false breakout. To avoid false signals, traders often wait for a confirmed close above the resistance level. #Timeframe Consideration: The ascending triangle pattern can be observed on various timeframes, from short-term intraday charts to longer-term daily or weekly charts. Remember that while chart patterns can provide useful information, they are not foolproof, and it's important to consider other factors such as market conditions, overall trend, and fundamental analysis. Trading always involves risks, and it's crucial to use proper risk management strategies to protect your capital.
NSE:COALINDIALong
by Pranay_Kamdi
1
TRENT - #intraday Chart Analysis || 21st April,2023 #stocksAnalysis Criteria Used: 1. Please find the Chart Analysis done for the Intraday Stock Trade Idea levels for 21st April, 2023 2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups Focus On: 1. Always keeping your Risk Management in play 2. Using a Stop Loss; because it is your Best Friend 3. Always Plan your Trade and stick to your Plan 4. Dont overthink or overanalyse 5. Treat this as your Business and get serious about it #sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange DISCLAIMER: . * Please do your own research and/or contact your financial advisor before taking any trading opportunities ** We will not be responsible for your profit or loss *** We are NOT SEBI REGISTERED ______________________ best stocks to buy today best stocks to buy now best stocks to buy best stocks for Intraday tomorrow best stocks for long term investment best stocks to buy today india best stocks for swing trading swing trading strategies swing trading beginners what is swing trading swing trading stocks swing trading stock selection swing trading kya hai nifty analysis nifty view bank nifty analysis top stocks to buy now strong stocks nifty view nifty prediction stock market view tomorrow bank nifty Levels bank nifty prediction share news stock market news best stocks to buy now profit booking stocks multibagger stocks in discount breakout stocks best short term stocks best short term shares next multibagger stocks
NSE:TRENT
by TradeRyteStockz
Nifty and BankNifty Outlook and post market analysis for Nov 8thNifty and Bank Nifty opened around Previous Day Close and saw selling towards Pivot levels in first half of the session. Later took support around S1 levels and bounced back after Europe opening towards Opening levels finally closing around day’s high. Open Interest of both Nifty and Bank Nifty were mildly positive indicating long were added at lows. Candle pattern on daily charts were positive forming a big lower wick and close around highs. Nifty closed at 20DMA for 2nd consecutive day and Bank Nifty closed above 20DMA for 2nd day. Trend, Chart Pattern and Technical looks Positive can test Higher levels in coming Trading sessions.
NSE:NIFTYLong
by Sandeep_CA
2
13 Sep ’23 Post Mortem on BankNifty - weekly expiry special BankNifty Weekly Analysis Between the last expiry and today BankNifty has gone up an impressive 3.2% ~ 1422pts. Quite a remarkable feat and the major reason why we had a breakout rally. The weekly chart looks pretty loaded up for further gains. BankNifty Today’s Analysis Yesterday I remember saying the “rally is still not dead in banknifty” although my view was only moderately bullish. But what we witnessed today was strong bullishness proving me wrong. Today’s intraday swing saw a move of 692pts ~ 1.53% and outperforming the NiftyIT index by a huge margin. Since we had the weekly expiry today, the options premium started on the lower side. Even though the upward possibility was there, it did not show itself till 11.00. Right after that the option prices started to jump pricing in the mega move that followed. The advantage of using the options flow to guess direction is that it helps you guess the direction with a higher probability. If you club that with the chart patterns - the combination becomes unbeatable. On the 1hr chart the next resistance should be around the 46302 levels whereas the next support will be 45615. I wish to stay moderately bullish ie. 50% bullish & 50% neutral until the resistance is not taken out. In case we have a beach in support - I wish to go short.
NSE:BANKNIFTYLong
by viswaram
Best time to buy BestAgroBestAgro has formed rounding bottom in weekly chart and closed above weekly supply. Last week it has tested the same level and formed hammer on weekly chart. On daily chart, rise in volume is observed along with rise in price which is again a bullish signal. Also, a cup and handle pattern is observed in daily chart. Though I don't trade chart patterns, it is another point adding some value to overall analysis. In summary, BestAgro is looking good for swing and positional trading. Agressive traders can buy it at CMP and safe trader can buy above the safe entry line when weekly candle close above it. SL will be below 1000. Happy trading :)
NSE:BESTAGROLong
by ProPriceActionTrading