NIFTY PRICE ACTION PREVIOUS DATAsee how price action working 22900 level is act as strong support many time index bonce on support create lower high and breakdown once candle close below support then next day index is open gap down and sustain give sharp down fall
NOTE: only for educational purpose
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2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
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Bank Nifty - May 29Check the video for detailed analysis. Levels are below.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 49060.
Stop Loss : 48980.
Targets : 49120, 49200, 49280 and 49360.
Sell below : 48860.
Stop Loss : 48940.
Targets : 48800 ,48720, 48640 and 48560.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
FinniftyWe had a very good movement today. Trend deciding level/zone is 21900 and price is taking support from it.
Buy above 22020 with the stop loss of 21980 for the targets 22060, 22100, 22160 and 22200.
Sell below 21880 with the stop loss of 21920 for the targets 21840, 21800, 21760 and 21720.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - 2nd MayWe had a last hour big fall yesterday and now price is testing the trend direction deciding zone.
22500 can act as strong support.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22640.
Stop Loss : 22600.
Targets : 22680, 22720 and 22760.
Sell below : 22540.
Stop Loss : 22580.
Targets : 22500, 22460 and 22420.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - May 27Price was facing resistance at 23000 and unable to sustain above it and consolidated in a narrow range on friday.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 23020.
Stop Loss : 22980.
Targets : 23060, 23100, 23140 and 23180.
Sell below : 22920.
Stop Loss : 22960.
Targets : 22880, 22840 and 22800.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
FinniftyPrice was volatile and range bound for the past few days. 21500 zone will decide the trend direction.
Buy above 21540 with the stop loss of 21500 for the targets 21580, 21620, 21660 and 21720.
Sell below 21420 with the stop loss of 21460 for the targets 21380, 21340, 21300 and 21280.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Mighty Nifty - May 20Very narrow range movement on friday and saturday. Hope the range will give a break out on monday. Trend deciding level is 22500.
Pattern : Support/resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22520.
Stop Loss : 22480.
Targets : 22560, 22600, 22640 and 22680.
Sell below : 22400.
Stop Loss : 22440.
Targets : 22360, 22320 and 22280.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bank Nifty - May 20Price did not give any big move in the past one week. Movement is within the range. What will happen next week?
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 48200.
Stop Loss : 48120.
Targets : 48280, 48360, 48420 and 48520.
Sell below : 47980.
Stop Loss : 48060.
Targets : 47900 ,47820, 47740 and 47660.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Daily breakout with good volume1. Price Breakout: The stock's price closed above its established resistance level, signaling a breakout. This indicates that the stock has moved past a significant price barrier where it previously faced selling pressure.
2. Volume Confirmation: The breakout was accompanied by a significantly higher trading volume compared to the stock's average daily volume. This increased volume confirms strong market interest and investor confidence in the price movement, suggesting the breakout is likely to be sustained.
Hdfc bankPrice is having resistance around the zone 1460 - 1466. Price have to sustain above the level to be bullish.
Buy above 1470 with the stop loss of 1458 for the targets 1482, 1496 and 1510.
Sell below 1450 with the stop loss of 1462 for the targets 1438, 1424 and 1408.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - May 16Price was unable to sustain above 22300 zone and consolidated in the afternoon session. And the support zone is having a very big range.
Pattern : Support/resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22200.
Stop Loss : 22160.
Targets : 22240, 22280, 22320 and 22360.
Sell below : 22120.
Stop Loss : 22160.
Targets : 22080, 22040 and 22000.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Bank Nifty - May 15Price was moving within the range of 300 points 47600 to 47900 through out the day. So what we can expect tomorrow? Read below.
Above the range if price gains strength, we can expect good move. Otherwise a broad range day again.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 47940.
Stop Loss : 47860.
Targets : 48000, 48080, 48200, 48280 and 48340.
Sell below : 47720.
Stop Loss : 47800.
Targets : 47640 ,47560, 47480 and 47400.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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FinniftyPrice is facing double top resistance around the zone 21350 - 21380. This can act as a trend direction deciding level.
Buy above 21400 with the stop loss of 21360 for the targets 21440, 21480, 21520 and 21580.
Sell below 21300 with the stop loss of 21340 for the targets 21260, 21220, 21180 and 21120.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Resistance BO & TREND REVERSAL Currently trading at Rs 540 with a traded volume of 27,039,443 shares. The stock saw a 7.59 per cent increase from the previous close, now at its 52-week high of Rs 540. With an RSI at 66.16, it indicates a bullish momentum. The price-volume breakout suggests a potential trend change, possibly indicating positive news such as strong Quarterly Results or dividend announcements. Investors should watch for a possible continuation of this upward trend, especially considering the 1-year return of -22.03 per cent, indicating a potential reversal in the stock's performance. This move is likely driven by favorable quarterly results, fueling investor optimism.
ONLY FOR EDUCATIONAL PURPOSE
not recommdation
breakdown in indusindbkstock bounced many time on support created lower high and close below support
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
pls like and share
Resistance breakout and retest Growth Factor:
a) Investment in railways is increased
by 27.5 % in the Union Budget of 22-23
b) 400 plus Vande Bharat trains to be introduced in coming years
c) Growth prospects in tourism and travel sector including religious and pilgrimage tourism
d) Digitalization of payment system
Important Developments
a) Company is planning to build a chain of hotels. 3 budget hotels are under construction in Lucknow, Khajuraho, and Kevadia
b) Company is entering into an e-marketplace with services like bill payment, recharges, and other third-party services like online insurance purchases, etc. in partnership with brands like Amazon, Flipkart, HDFC Life, etc.
c) Diversification of IRCTC as a Fintech company through company’s online payment gateway iPay
d) Plans to enter into segments like Helicopter Travel, medical tourism, etc.
e) Plans to expand Non-Rail based tourism viz. corporate travel business, cruise, river packages, air tickets etc.
only for educational purpose not for sugesstion.
Bank Nifty - May 8Price fall down nicely and now it is consolidating in a 100 points range. Will it continue the fall?
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 48240.
Stop Loss : 48160.
Targets : 48320, 48400, 48480 and 48560.
Sell below : 47980.
Stop Loss : 48060.
Targets : 47920 ,47860, 47780 and 47680.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - May 7Price was unable to sustain day's high and fall down nicely. Will the fall continue or price will move up?
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22520.
Stop Loss : 22480.
Targets : 22560, 22600 and 22640.
Sell below : 22440.
Stop Loss : 22480.
Targets : 22400, 22360 and 22320.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BTC (we will search sell entry)(MID TERM)(03-05-2024)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for Mid term (03-05-2024)(MID TERM)
Current price- 59500
"if Price stay below 61500 then next target is 58500, 56000 and above that 64500.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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Bank Nifty - May 2Price moved in a very narrow range in morning session. Gave break out in afternoon session, hit resistance and fall down nicely. Now price is at support.
Pattern : Support.
Range : Medium.
Trend strength : Normal.
Buy Above : 49320.
Stop Loss : 49240.
Targets : 49400, 49480, 49580 and 49680.
Sell below : 49120.
Stop Loss : 49200.
Targets : 49040 ,48960, 48880 and 48800.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.