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.
You are responsible for whatever you do.
Search in ideas for "SUPPORTANDRESISTANCE"
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
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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.
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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 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.
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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.
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.
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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.
Gold, merry gold...After a big uptrend gold price is now having a pull back and moving in a small range for few days. A consolidation is always good for a healthy move.
Important resistance zone is 2345 - 2365. Price have to break this with force and sustain above the mentioned zone to move up further.
We have two near by support zones where price can bounce, once it is tested.
2310 - 2314 is the near by support. If price break it, then it can move towards the major support zone 2288 - 2298.
Price will hold the major support. Otherwise it will move towards 2270.
There is no buy sell levels here. How price reacts at the given zones will decide the trend direction. Trade accordingly.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Mighty Nifty - April 25Price is moving within the range 22350 - 22480 for the past two days. Near by resistance is 22500 zone.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 22420.
Stop Loss : 22380.
Targets : 22460, 22500 and 22540.
Sell below : 22320.
Stop Loss : 22360.
Targets : 22280, 22240, 22200 and 22160.
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.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Resistance Breakout 52W HighPlease look into the chart for a detailed understanding.
Caution at 96.1 level
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.