FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Alkem Lab Cmp 4904 dated 03-5-2024 1. Triangle Pattern 2. RSI reversal 3 Good 10% correction done from highs Buy above 4935 target 5025-5095-5220 SL 4760 Pattern target 5990 SL 4550 Ii is just a view, please trade at your own risk.
Petronet among gas distribution brokeout all time high. Gas distribution sector also gave trendline breakout. Fundamentals of Petronet is also good. OPM has been steadily increasing over past 4 quarters along with net profit and eps. Stellar ROE record over 10Y period
Ppl pharma witnessing a Falling trendline Breakout along with cup and handle Pattern on the weekly timeframe.
In the Weekly Chart of JCHAC , we can see that; it is trying to recover from bottom. Expected momentums are shown in chart.
In the Weekly Chart of DEEPAKNTR , we can see that; after breakdown, it has recovery. Expected momentums are shown in chart
In the Weekly Chart of BEPL , we can see that, after breakdown, it bounced back from 85 level. Expected momentum is shown in chart.
On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA...
NSE:IREDA Drawing Fibonacci Retracement and Extension of recent High near 215 and Low near 121, stock is trading below 0.618 retracement level. Stock has potential to touch All Time High level if crosses above 178 and maintain to trade above 178 level on weekly closing basis. Stock has potential to go 270 level if crosses ATH level on the weekly close basis....
NSE:VEDL Vedanta is closed near 341 resistance level. Crossing above 341 may lead stock to near 390 level. Trailing Stop Loss near 315 level. Drawing Fibonacci extension considering recent High near 341 and Low near 207, the 1.618 extension level is around 420 level. Stock is expected to touch 390- 420 level in near term.
NSE:CONCORDBIO Daily close above 1565 level may lead the stock with 1st target near 1695 at 1.618 Fibonacci extension level. If stock cross 1700 level then lead to around 1900 level. Trailing Stop Loss near 1500 level.
NSE:EICHERMOT Stock is near support level of 4200 level. Long may be initiated with Trailing Stop Loss near 4135 level. Daily close above 4320 may lead to stock to 1.618 Fibonacci extension level near 4595 level.
π Paradisers, #ATOM can capture the liquidity of traders who entered on the breakdown of the previous low and has also formed a 'W' pattern, increasing its bullish potential. π If #ATOMUSDT breaks above the resistance level, which could trigger stop losses for sellers who acted on the breakdown, we can target the next resistance levels. π In the case of a...
In the Weekly Chart of LTIM , we can see that, after applying FIBO, it is on last support level. We can see a W shape recovery in this. Above 4800 it will be bullish. Expected momentum is shown in chart.
Bullish 50 EMA has reacted last time and also golden crossover found in the recent trend. Bounced from support Buy May be above crossing strong resistance above 465. Bearish Trend-Over all downward to sideways range Already rejection candle found at Resistance level. Sell if any bearish signals found after rejecting from resistance level and below 50 EMA...
π Paradisers, #DYDX has absorbed liquidity from the supportive trendline of the ascending channel, which increases the probability of a bullish move from here. π It's also showing a Break of Structure (BOS) towards a bullish market structure and hasn't closed below the demand and Bullish Order Block (OB) zone, which demonstrates the strength of the bulls. π If...
NSE:NIFTY Highest Call writing of 34.12 Lakh at 22700 Strike followed by 33.96 Lakh at 23000 Strike and 29.66 Lakh at 23200 strike. Maximum Put writing of 28.43 Lakh at 22700 Strike followed by 27.70 Lakh at 22500 strike and 26.59 Lakh at 22600 Strike. Index closed near 22650 level. Index has resistance near 22700 β 22725 level and if this resistance is broken...