CDSL 3.0 & price trading inside a sideways parallel channel
Firstly wanna apologise to all as I wasn’t able to give update as I was given a strike or violation ticket stating that I cannot update day to day under “update ideas” tab but have to post a single idea but wanna ask you all how does a single day chart states the stock movement for upside or downside and if my updates are hurting you all pls accept my apologies.
Analysis:-
So let’s get back on to analysis part as on 29/10/2024 price at crucial level and at mid point of channel so once price breaks it we got a immediate support at 1436 so flat opens goes down 1447.50/1447 below 1436.70=1st tgt then 1425.50 next tgt level, if goes down further trail,
If price flat opens falls a little till 1436 takes support goes up then upon 1455.80 crossing and 15min candle closing above it we will see a upmove till 1463-1470/1471.20=1st tgt then 1480-1500 tgt level can be seen,
If gap up or gap down opens then wait for 30mins mark high & low then upon candle closing basis trade on side price goes.
Note: This analysis is for only 30/10/2024 and there’s a possibility of price not meeting our levels or going against our observation and analysis as market is supreme and this is just a observation which I tried to post to give you a idea about price movement at current level
Sideways
Another Flat week or a breakout is coming in Indexes ?Nifty and Bank nifty have been trading in the range for last whole week. It was due for a sideways movement after a massive movement in the Election result week.
Nifty above 23550 level will open for a new zone and head towards 23900-24200-24800, down side is majorly capped as of now till 23200-23000 level.
Bank nifty above 50500 will open doors for 51200-51800, down side again has a good support at 49600 level.
Trend is mixed but having a minor downside trend.
The upward momentum for GU seems weak!After a long upward trend on the H4 timeframe, the price has now reverted to the H4 demand zone. The momentum appears to be moving sideways rather than straight up. In my personal opinion, if the H4 continues its upward trend, there will likely be a liquidity sweep in the H4 area (wide sideways range) before a decisive direction is determined.
Our suggested action at this time: If you are a swing trader, continue to wait and observe.
FX:GBPUSD
Nifty on Radar - 27 MayNifty is likely to remain sideways or rangebound in the near-term with heavy call and put writing around the 23,000 mark
CMP - 22,957.10
Key Support : 22,750 - 22560
Resistance : 23,050 - 23,150
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Lupin - upside breakout of consolidation rangeLupin has pierced the resistance line yesterday, and there is a clear breakout.
One should initiate a long position when price is above the previous high, if closing above previous high with bullish candle gives us price confirmation also.
Pattern will fail if close below the resistance line.
NIFTY 4TH APRIL TRAP TRADING ANALYSISThe market (NIFTY50) is currently trading at 22416. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases.
Here are the levels and analysis for the NIFTY Expiry on April 4th (TRAP TRADING):
Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22325 to 22500.
Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22500. The targets will be:
Target 1: 22613
Target 2: 22650
Target 3: 22694
Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22325. The targets will be:
Target 1: 22185
Target 2: 22150
Target 3: 22108
Note: Selling side momentum can be captured effectively as selling often yields better results than buying. However, it's crucial not to be biased towards any side. Wait for a level break and then align with the market. The market will consistently provide favorable outcomes, whether in terms of profit or learning.
BANK NIFTY MARCH MONTH EXPIRY ANALYSISBankNifty Important Levels for March Month Expiry:
=> Naked Buyer Strategy:
CALL Side:
Buy Above: 47040.
Put Stop Loss: 46950.
Targets: 47130, 47203, 47288, 47368 and 47423.
PUT Side:
Sell below: 46800.
Stop Loss: 46880.
Targets : 46720 ,46650, 46570 and 46474.
=> Hedging Strategy:
UP SIDE:
Sell 47300/47400 PUT (Premium price 500-570) & Hedge with 46400 PUT (Premium price 100).
DOWB SIDE:
Sell 46400/46300 CALL (Premium price 550-630) & Hedge with 46430 PUT (Premium price 130).
=> Sell Strangle Strategy:
Sell 46400 CALL and Parallelly Sell 47400 Put.
Note: Do Trading after the Level break and use Strict Stoploss.
Next Week Market Strategy | SIDEWAYS TO UPWARD DirectionNext Week Market Strategy | SIDEWAYS TO UPWARD Direction:
-> Black TrendLine is the Seller Zone and Blue TrendLine is Buyer Zone.
-? You can do Scalping from these points.
A big Opportunity will come after the breakout of BLUE/BLACK Trendlines.
Request: Do not Trade without Setup, because Your Money is hard hard-earned money do not waste this.
Symphony'sTrajectory: A Cautionary Tale in the AC and Ref SectorDisclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Symphony, a notable player in the AC and Refrigeration industry, has experienced a turbulent journey in the stock market. After reaching its peak in January 2018 at a high of 2209, the stock has been under pressure. This peak was a significant rise from its low of 86.80 in June 2012, showcasing an impulsive growth. However, the past six years have been challenging, with the stock mostly moving sideways and currently hovering above the 800 mark.
Recent Performance:
Since reaching its peak in January 2018 at 2209, Symphony has struggled. For the last three years, the stock has been mostly flat, staying above 700-800 price zone.
Risk of Decline:
There's a risk if the stock drops below 700-800 price zone. This could start a downward trend. It's important to watch this zone.
Short-Term Outlook:
If Symphony stays above 800, it might reach 1050-1100. But this is still within a larger downward trend.
Comparison with Peers:
Comparing Symphony with Voltas and Whirlpool, Symphony seems weaker. Voltas looks like a better choice in the AC and Refrigerator sector.
Investors should watch these levels in Symphony closely. Falling below 800 is a bad sign, while breaking above 1530-1590 could mean growth.
Voltas Stock Analysis
Whirlpool Stock Analysis
From
WaveTalks
Market Whispers!
GLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation B/OGLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation Breakout.
1) Time Frame - Weekly.
2) 6 months of consolidation broken in Daily Time frame With Huge Volume.
3) Stock will find a resistance around the price 799 (Previous All Time High).
4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
Bank Nifty Analysis : 9th Jan 2024Sellers welcomed todays day with pressure closed at support looks tomorrow may be sideways day or profit booking can be seen.
Still sellers looks more active may break support after profit booking.
Bank Nifty closed at support 47400 to 47300 if break buyers may try to enter or trap
Resistance at 47600 to 47700
Mastering Trade Setup with simplicity of dow theorySimplifying Trade Strategies with Dow Theory Wisdom
Welcome to the world of trading, where the Dow Theory can be your trusty guide. Let's break down an easy trade strategy that suits different market situations.
Dow Theory Insights
Dow Theory, a key tool in technical analysis, says understanding trends is crucial. Figuring out the trend is where we start, setting the stage for smart trade decisions.
Bullish View
If we're feeling positive
Higher Lows: Check if prices keep going up.
Near Support: Make sure prices are close to a support zone.
Reversal Signs: Look for any candle patterns signaling a turnaround.
Buying Setup:
Stoploss: Think of it like a safety net, set it at the recent lowest point.
Execute a buy trade when these factors line up, always keeping an eye on that stoploss.
Bearish View
If we're feeling negative
Lower Highs: Check if prices keep going down.
Near Resistance: Make sure prices are close to a resistance zone.
Reversal Hints: Look for any candle patterns signaling a potential shift.
Selling Setup:
Stoploss: Your safety measure, set it at the recent highest point.
Execute a sell trade when these conditions come together, always mindful of that stoploss.
Sideways View
For a market that's just hanging out
Draw Lines: Sketch lines above and below the current prices (Support and Resistence Trendlines)
Be Patient: Hang tight until prices break above or below those lines.
Only jump into a trade when the market decides where it's going.
In the lively world of trading, Dow Theory keeps us wise. By using these strategies, along with clever stoploss placements, you can navigate the markets with ease
This post is for educational purposes only. Trading involves risk, and past performance is not indicative of future results. Always do your research and consider consulting a financial advisor before making any investment decisions. 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.
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...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Morning Mantra 29th March, 2023Dear All,
Yesterday was the day of consolidation , where nifty had traded in a choppy zone .
Still 16800 is a hope for the Bulls as a support and most of the Bulls are eagerly waiting for a breakout of 17180 on closing basis.
As of now be cautious and keep following cherry picking strategy.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
Marico 1yrs Stil Sideways Marico Is still Side ways Zone
i Want Investing in this Stock is Waste of money and time
Marico operates in Beauty and Wellness segment in Hair Care, Skin care, Healthcare and Male Grooming categories across India and outside India. More than 90% of the Group’s turnover comes from categories in which Marico enjoys No. 1 or No. 2 position.
POST YOUR REVIEWS
NIFTY VIEW FOR 9 JANUARY As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session.
Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level
let price make a reversal pattern at the support area or a Bullish candlestick pattern for the confirmation so that we can take entry at right time
or
we can use indicator for confirmation to activate entry
make sure to maintain your stoploss short
Nifty: 18350-18400 crucial zone to watch out forNifty
The level of 18350-18400 has acted as crucial resistance in the past
Immediate Support at 18258 odd levels
High risk traders may consider buying Nifty 17 Nov expiry 18300 Put option between 58-66 (CMP 62.50)
Target 84 / 96 / 102
SL 51.50
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Kotak Mahindra Bank I have observed that Kotak Mahindra Bank is in weekly range of 1650-2000 since two years. Bank Nifty has shot-up up to 71 percent in last two years. Kotak Mahindra Bank is one of the fig four bank in major four private banks namely HDFC, ICICI, Axis and Kotak.
Still kotak mahindra bank is within the range. If, Kotak Mahindra Bank breaks range of 2000 and moves above, we will see fantastic rally in such stock.