Stockmarketanalysis
Low Risk Buying opportunity in Reliance Reliance has taken support and created a double bottom on charts so far. MACD also gonna to give bullish crossover very soon. I believe Reliance can do well in the medium term to long term, this can be a low risk entry point for buying this Gem. Start buying from these levels right now it is trading at 2242 take long position for target of 2800+ and keep a stop loss of 2175. Well this was a trading idea, but this is a best entry point to accumulate for long term, if you are taking position for long term then do not follow given stop loss because if india (Nifty50) has to rise then Reliance is gonna to participate their role like salt in food.
Chances are high we will achieve target in coming months. My long term Target will be 3500+ from here.
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Banknifty Intraday Levels for Today 07/07/2023Hello Traders, i hope you all will be doing good in trading and in your life as well.
Banknifty is consolidating from 2 days in the range of 45000-45500 levels. Today might be we can see downlevels towards 45000, and there is strong support zone, but that got break then banknifty can go towards 44800-45700 levels just today only. Well, let's see if we got breakdown on chart. I have marked all the levels on chart, trade accordingly i will write here also.
Important levels for BankNifty:-
Buy above 45411 if levels got sustains
Target we can see 45655
Place stop loss at 45211
Sale Below 45211 if levels got sustains
Target we can see 45086/45000.
Place stop loss at 45411
Note:- Chances are higher banknifty will open in gap down, then still wait for the levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Regards
Rahul Pal
Nifty Hero Zero Trade||Expiry Special Nifty again made all time high today, but according to me there is no any sharp moment in it. Well for me highest upside remain in the NIfty is till 19500 levels. Today also it has tried to touch but returned from the level 19472, let's see what is going to happen, but i am looking an opportunity to short the nifty and banknifty but will do according to price action only. Have to observe more as market is very very bullish anything can be possible from here.
I have mention the levels on chart for buying and saling, You can see on chart, and i will write below as well.
Important Levels For nifty:=
Sale Nifty below 19410 if levels got sustained.
Target will be 19362/19342/19309
Stop loss 19472 (today ATH)
Buy Nifty Above 19475 if levels got sustained.
Target will be 19525+(I don't see much highs in it)
Stop loss 19425
For Hero Zero Trade I will Update till 1:15-1:30Pm,Stick with us.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Please like, follow and comment your thoughts on my idea.
Thankyou.
Regards
Rahul Pal
U turn is possible in Nifty from the level of 19425. Weekly ViewHello Traders,
How are doing everyone. I have done analysis on NIfty for 2 weeks analysis, and my analyse is that, Nifty can take U turn once it will reach at somewhere 19425-19500 levels. Logic behind of this analysis is proper visible on 2 hour charts. You guy's just have a look on 2 hour chart and you will see that nifty is trading in higher highs and higher lows kind of pattern. so next higher highs could be somewhere in between 19425-19500 levels.
So for me i will wait for that levels to short nifty for the target of 19000 levels. Other logic behind of this trades is that We have seen continuously 2 gaps back to back on 2 hour chart, and let me tell you tomorrow it is again going to open in gap up somewhere 19200+ levels. Well Market is highly bullish here, so do not short until do not get confirmation from top trendline.
Let's see where the market is going, we will do trade according to our analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
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Regards
Rahul Pal
Bank Nifty possible levels for tomorrow 04/07/2023Hello Traders, how are you doing all of you, i hope everyone is making profits from the market. I wanna say thankyou to all of you guy's who always supporting me by likes and lovable comments on my ideas, and wanted to let you all knows that we have completed 1600+ followers on Tradingview.com, thankyou once again to all of you in completing this milestone.
Today again i am going to post my analyse on Banknifty, hope it will be beneficial to you guy's.
Market seems very very bullish now a days, everyday we are seeing new highs. if i talk about today's Banknifty and nifty was trading in a range after making new highs 19344 somewhere. let's focus on banknifty now. After today's session seems tomorrow we could see some profit booking in first half according to my price analysis. But 2nd half could be trending and tomorrow is fin nifty expiry also there. I will post on that also later on till evening. But for now if banknifty breaks tomorrow for below 45000 levels then we can see some fresh selling in that, and we can see some down levels towards 44700 some where.
But if bank if banknifty sustain the levels above 45248+ then we can see some buying opportunity in banknifty, that momentum can take banknifty towards 45378/45600+.
So i have marked all the levels on chart. So trade accordingly.
Always use stop loss in trading.
So, buy above if sustain 45248 levels.
and keep stop loss at 45000.
and Sale below if sustain 45000 levels.
and keep stop loss at 45248.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
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Regards
Rahul Pal
BHARTI AIRTEL swingBullish on the telecom giant stock as it has broken its important resistance zone and also previuous all time highs , stock good to be bought as long as its trading above 850 levels , stop loss at 820 , any dip towards 860-850 levels is a buying opportunity , targets of new all time highs of 930/990/1050 in coming days 🚀🚀🤓🤓
Expiry Special Analysis||Banknifty Hero Zero Trade in 2nd halfBanknifty analysis for today's expiry:-
Yesterday was a good day for all traders who was a trend trader. We have seen huge buying momentum in all indian indices. Banknifty also has given significant move from bottom after 1pm. From global everywhere green green today, American Market also has given rally in yesterday session, just because of that our Market might be going to open in higher (Little Gap opening). What i think banknifty could also open somewhere 44255+, (it's just a guess) then may all people can start booking whoever was in hold since yesterday but there is a small resistance above at 44328, might be we can go to touch and reverse from there within half an hour. I think if profit booking start then we can definitely see some downside levels as today is nifty and banknifty expiry sharp rally could be expected.
What i think apart from this may be one sell off (profit booking) can be seen at higher levels then banknifty can reverse till at support levels which is somewhere at 44048-44088 levels. If this area got sustain and we see some Hammer or double bottom kind of pattern in today's session then definitely one buying could be seen from there, and that will be perfect level to go long for the target of 44328/44457 levels. But if that area does not support then we can see levels for downside too like 43939/43713.
Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next week expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss.
If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
It is just my view i might be wrong also. So please trade according to you.
Expiry Special Analysis|Hero 0 Trade will be in 2nd half(FNIfty)Finance Nifty Analysis For today's Expiry 27/06/2023:-
Finance Nifty also broken upwards support trendline in 1hr/30mints/15mints charts. This could be a fake breakdown, if it start trading above in channels above 19555 levels. Then definitely buying momentum will be back in it and this can go towards Target1 and target 2 which is (Mention in Chart) .
Vice Versa if this is start trading below 19455 levels then definitely this was a perfect breakdown for Fin Nifty and a sharp move will be expected in it, which can take Fin Nifty More in lower range towards Target1 and Target2 even Target3 (Mention on charts) also till tomorrow.
So buy above when 19555 sustains
Sale below, when 19455 sustains.
For target i have mentioned on chart.
for buying Stop loss will be 19376.
For selling Stop loss will be 19632.
Note:- For Hero Zero Trade I will update this idea around 1-2pm, So c u guy's in 2nd Half. Till then Trade Carefully, And ty to trade in Next expiry as today time decay will eat all premium, if there will not be trending market. And Always use stop loss.
If anyone likes my work then definitely like this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any kind of trades.