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VOlTAS Important levels to watch. Voltas LTD is falling sharply past few days, Now it has come very close to the support region. the immediate support and resistance levels are marked on the chart. #support : 737 If the stock manages to close below the support level on daily closing basis, the stock may expect to test the next support level in few sessions which is marked on the chart at 680. in other case, if the stock takes support at the given level and bounces back it may reach towards the trendline resistance plotted on the chart. If the stock breaks out from the trendline resistance then we may expect the targets till next immediate resistance marked on the chart. so watch the price action and keep the stock on radar. Follow us for more such information, and if you like the idea do not hesitate to like it. Do let us know in comment section if you want us to check out any stock. Disclaimer: This idea is just for educational purpose, please do your own research before initiating any trade.
NSE:VOLTAS
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 28 Jun 2023BANKNIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 44195 Sl-44085 T- 44510 44715 Sell-Below 43900 Sl-44010 T- 43690 43490 BANKNIFTY has closed on a bullish note with 1.1% gain today. yesterday a symmetrical triangle was plotted in the trade setup. Breakout happened in the upside and explosive move came. Buy triggered as per trade setup above 43690 and hit all our targets. Trade gave almost 500 points gain (43690-44194+). Above 44200 we will test the daily range high 44500+. For selling we need a a sell setup in intraday. However 43900 is important to watch out. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44195 then we will long for the target of 44510 and 44715. For selling we need a 15 Min candle close below 43900. T- 43690 and 43490. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Silver Important levels ! Silver important short term levels are plotted in the chart. currently silver is trading in the major support zone after a sharp fall in todays session. It is expected that it may bounce back and probable targets on upside are marked in red dashed line. in case silver manages to close below the support zone, allow 15 minute candle to close it below the level and short for the target marked in green dashed line. Disclaimer: This is just a view only for educational purpose.
MCX:SILVER1!
by InvestyourAsset
PostMortem on BankNifty Today & Analysis of 16 JUN 2023Nifty was looking fully loaded to hit a new all time high today, it ended 23 pts short!  Probably Nifty50 requires more postmortem than banknifty today, so let us start there! N50 started the day gap-up thanks to the +ve handout from SPX yesterday. Once it reached the resistance zone of 18762, it lost steam and was trading sideways. All of a sudden at 13.55, N50 got some turbo boost and went over the resistance through ease. Not just that, it was poised to take out the ATH. All the candles from 13.55 to 14.55 were green and a rally of 107pts ~ 0.57%. The reversal came exactly when banknifty hit the resistance - which we will discuss below. Banknifty came back very strong from yesterday's brutal selling. It added 494 pts today thanks to the outperformance by all the major banks. None of the bank stocks closed in red today. The rally from 13.55 to 14.55 helped banknifty climb 396pts ~ 0.91% vs 0.57% for N50. But look at the encircled region near the 44068 resistance zone. As soon as this was hit, banknifty came tumbling down - pulling down N50 too. NiftyIT was weak today, otherwise we would have definitely hit a new ATH! Seems like the next week we will have some real action! --- 15mts TF shows BN made an attempt to get back to the familiar trading range, as the resistance zone came in the way - that move got spoiled. Will the positiveness of N50 pull up banknifty to new ATHs next week - we will watch next week. --- 1hr TF plotted with the Fibonacci retracement shows BN is right at the 61.8% levels from the fall yesterday. It also shows there was some friction at the 50% level where it spent 3hrs today. The chart is not bearish yet, but the inability to cross the resistance throws some questions on us. --- We had 2 contradicting moves this week. On 13th June Finnifty expiry we had the markets make a fake upmove as proven by the rejection on 14th down move. On 15th we had a fake down move as proven by the rejection today with a strong upmove. There is a small subset of traders who understand how the markets are getting manipulated & play along. Unless BSE brings the BANKEX expiry to Wednesday - we are going to witness these unusual speculations.  On a broader note the investors are unaffected - the markets are not going anywhere, literally.
NSE:BANKNIFTY
by viswaram
GOLD 06/06: Gold is in a narrow rangeTVC:GOLD Gold price is consolidating in a narrow range of 1,955$-1,965$ on an hourly scale. The precious metal has turned sideways around the 50% Fibonacci retracement (plotted from June 02 high at 1,985$ to June 05 low at 1,930$) at 1,965$ The 50-period Exponential Moving Average (EMA) at $1,959.38 is providing cushion to the Gold bulls. US banks seem reluctant in distributing credit to households and firms in order to maintain their asset quality in the turbulent environment. My assessment is that TVC:GOLD gold will follow a butterfly pattern , TVC:GOLD gold will return to the range of 1965$-1970$ and we will have a buy contract at 1945$-1947$. Stop-loss point per deal at 50pips
TVC:GOLD
by SupperTrading-FX
5
Buy Bank Nifty BTST||Hero & Zero| Expiry SpecialBank nifty taken support at 43400-43500 level. This is the strong support zone as price already move upwards earlier, and here 200D ema plotted, so this is the indication of price reversal. MACD is also going to form a bullish crossover very soon. RSI already given a bullish crossover. For intraday purpose VWAP also supporting. All these indication of sharp recovery, Well 43400-43500 is Brake and make levels, so if banknifty will break for below then 43200 levels we will see today only,,but if sustain then Today we can see fire works in bank nifty if this cross and sustain 43700 levels, as maximum call writing at 43700 levels. so whenever banknifty will start trading above 43700 then all call writer will come to cover there orders. I am expecting a sharp move above 43700. Right now bank nifty trading at 43530. So if anyone wants to go long can go with given levels. Please follow strict stop loss., as today is expiry day. For hero zero i have a trade. Buy banknifty 25th may 43700 call option trading at18 now. No stop loss as this is purely hero zero trade.(trade with less qty) As i discussed today we can see fireworks above 43700 above if banknifty sustain. so our target can reach 300+ yes i am saying right but banknifty should sustain above 43700 levels before 3pm,,chances are high. But still keep target in mind for this call option first 55/85/150/250/325++ Note:- If banknifty will not cross 43700 levels then this call option will become zero and you will get losses so trade accordingly. Or trade in next week expiry it's up to you. please guy's support me by like, and follow me. Thankyou:-)) Happy trading and have a profitable day.
NSE:BANKNIFTYLong
by TraderRahulPal
GUJARAT GAS LTDThis is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term: 1. Trend line support is been taken since the beginning of the month at Golden Ratio of the previous up trend. 2. A Bullish candlestick pattern has been formed. 3. The time cycle of 29 days (plotted as vertical dashed lines & rectangular boxes) indicates a reversal. 4. Risk Reward ratio is good. The target seems to be at 504-520 with a minor hurdle at 486. SL remains to be 451 on closing basis. CHART & ANALYSIS ADARSH KUMAR DEY
NSE:GUJGASLTDLong
by AdarshDey
1
NIFTY OUTLOOK (DOWNSIDE BY 10TH TO 15TH MAY)After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and Fibonacci Retracement) The reason is purely because of Time cycle. As I have posted earlier the exact downside reversal of Nifty starting 2nd December 2022, this current chart is just a follow up of the previous chart. Nifty follows a 55 Days Time cycle for downside reversal where it tops out and falls by minimum 5.5%. All the time cycles are plotted in “Red Vertical Lines” and the tops are enclosed in a “Rectangular Structure”. PREVIOUSLY DOWNSIDE SEEN IN 55 DAYS TIME CYCLE: 12TH JAN 2022 4TH APRIL 2022 13TH SEPT 2022 2ND DEC 2022 20TH FEB 2023 The next time cycle of 55 Days lies in between 10th -15th May 2023. I expect Nifty may start reversing downside in between the above mentioned dates. I am not sure about the price levels, it may be anywhere between above 18100 to 18605. Incase of any confirmation for the price, I will surely update the same in update idea section of this chart. Nifty may consolidate or give a 1% to 1.5% percent fall before the dates but I expect that it would be only to create a new high. The link to the previous study for the downside reversal starting 2nd December 2023 is given below: CHART & ANALYSIS Adarsh Dey
NSE:NIFTY
by AdarshDey
10
BANKNIFTY Intraday Trade Setup For 18 May 2023BANKNIFTY Intraday Trade Setup For 18 May 2023 Buy-Above 43765 Sl-43660 T- 43957 44150 Sell-Below 43440 Sl-43545 T- 43240 43000 BANKNIFTY has closed on a bearish note with 0.57% cut today. It closed below PDL today. So below today's low our TSL in long will be hit and a down move/pullback may start in this case. Today sell triggered below 43810 and gave more than 350 points gain. Above the trendline plotted on a bullish price structure we may head towards ATH again. Below 43440 it is likely to give good downside move. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43765 then we will long for the target of 43957 and 44150+ For selling we need a 15 Min candle close below 43440. T- 42240 and 43000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
U.S.Dollar Index possible Elliott wave counts of DXYHello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4)) in which we had completed wave (A)-(B) and currently we are unfolding wave (C), in wave (C) we should have five subdivisions and we had completed wave 1 and now we are in wave 2 which is contra trend, we are assuming again a reversal signals to start again journey towards south direction as a wave 3-4-& 5, to complete wave (C) of bigger degree wave ((4)). Overall it's looking very good candidate to go short on rise along with invalidation levels of 105.883, because as per wave principles wave 2 will never retraces more than 100% of wave 1. My studies are for educational purpose only, Please Consult your financial advisor before trading or investing, I am not responsible for any kinds of your profits and your losses. Thanks 💕 Price below mass psychological cloud level (Bearish Bias on daily) Daily MACD positive, but below resistance and zero line Weekly MACD negative Monthly MACD negative Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:DXYShort
by RK_Chaarts
HDFC BANK POSITIONAL BREAKOUTHDFC bank is looking very bullish after giving a close above resistance of a parallel channel after 29 months so we can consider it is a bullish breakout on monthly candle closing basis, later on this chart you can see that it retested it's previous breakout zones too successfully so I consider it is positional breakout on monthly chart and plotted a Rising resistance for getting an idea what targets we can see in coming months and it is near about to 2000-2050 zones in trade we can take a stoploss of 1590 levels below close on monthly candle basis, seems a good risk to reward positional trade on a very strong fundamental stock. TARGET AND STOP LOSS 𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
NSE:HDFCBANKLong
by Sonia-Singh
POSITIONAL BREAKOUT AB CAPITALHello friends I am sharing a Positional Breakout on Monthly time chart of AB capital as you can see that stock was trading into a triangle pattern earlier and currently after breaking the resistance of that Triangle now it is very well sustained above that resistance trendline considering as support so I am taking this as a positional breakout because I am using monthly time frame chart for this idea and breakout so I am looking that bullish momentum will continue in this stock in coming months for the potential targets of 196 levels and 250 levels with the stop loss of 131 below close on monthly candle, on the other hand price is trading above on all moving averages that is 20, 50, 100, 200 EMA on Daily and Weekly chart from the bottom you can see I plotted RSI indicator which showing the strong signs of good strength with Higher Lows and Higher highs and Current levels is 60 plus RSI on monthly chart and that is good enough after a reversal in stock which is very important for uptrend continuations, The targets are looking so lucrative according to risk to reward ration and that is stop loss is 14% against the Target 1 of 28% and second Target is 62% with the same stop loss of 14%. TARGETS AND STOP LOSS-: CAUSE OF LONG-: 1-: Triangle Breakout. 2-: RSI INDICATOR STRENGTH. 3-: Apart of Technical Company is posting consecutively good results from 2018 with higher revenues and with Growing net profits too. NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:ABCAPITALLong
by AMIT-RAJAN
19
TRADE IDEAS AUROPHARMAHello friends here I am publishing a trade idea on Daily chart of Aurobindo Pharma first of all I must say that it is a simple trading idea only based on price action for the beginners like me and I only plotted 200 EMA on this chart for indicators, So as we can see after a consolidation in Parallel Channel it is breaking a strong resistance after breaking channel resistance too and poised to go up from here for the next resistance are identified as trade targets son the basis of these observations I am sharing mine ideas below IDEA ONE-: After break of resistance it can take a resistance of it's 200 Ema which is nearly about 506 levels and came down for a retest of resistance and will go up Target 1 and Target 2. IDEA TWO-: After completing the idea one and after done of Target one it came down and retest the Breakout resistance and will go for the Target 1 and target 2. IDEA THREE-: It can go straight to targets Target 1 and Target 2 (less probability). STOP LOSS-: Stop loss must be a day close below the Parallel channel Resistance which is about 479 levels. Trade Idea ignored if we will not get a day close above of 492 present Resistance. NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:AUROPHARMALong
by AMIT-RAJAN
10