Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
NSE: FINEORG is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain...
HeroMotor Cmp 3054 dated 11-9-2023 1. Three White Soldiers Candle stick. 2. W Pattern Buy above 3060 target 3090-3125-3160-3200 SL 3000 It is just a view, please trade at your own risk.
PUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.
This FMCG giant is consolidating in the range of 2428-2723 from a long time. It is near the support levels. If there is a close below 2428, there can be a new downside in this counter. But if it sustains 2428 on closing basis then we may see 2723 again
Stock is Moving out of a Weekly Demand Zone and can go long above 640 for targets 693/783. 872 Level is watchout level and above that can go miles. SL 600
Grasim has broken out of previous resistance after a year. Fundamentally good stock for long term view. Disclaimer: View for Educational Purpose Only, Not to be taken as trading or investment advice.
Britanina Cmp 4533 dated 15-9-2023 1. Ascending Triangle Pattern breakdown @ 4315 Sell below 4515 target 4500-4485-4465-4450 Sl 4555 It is just a view, please trade at your own risk.
MULTIPLE CONFIRMATION ON CHART good for long not for suggestion only for educational purpose
Finnifty is trading around the ATH higha and has closed near to the level. The weekly close is quite good for a bullish move as it has closed 393 point higher this week. It has shown a U-shape recovery on the weekly charts and it might take a halt before creating a new high. On the daily charts, it has closed 123 points higher and consolidated in a triangle....
After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels. It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets. On the daily charts, there is a formation of a doji and has closed 230 points higher. Nifty has already crossed...
Nifty has given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining...
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...
WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
INFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
The price reacted to Daily support level and Weekly Resistant Broken Support level and gave bullish break of structure in Daily. So daily structure is bullish.
Looks like Eicher Motor will take support near 3100 level, lets see
Eveready is consolidating between 270-380 from the last 18 months and tested 270 level 3 times , looks like it has more chances to break 380 level and test 430 this year, lets see what happens