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Axis Bank stock technical analysisIdea: I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks. Entry: I would enter a long position on Axis Bank above 990. I would use a stop loss of 985. Target: My target for the trade is 1050. I would exit the trade if the stock closes below 985. Risk: The risk on this trade is 50 points, or 5% of the stock's current price. Notes: This is just a trading idea and not financial advice. Here are some additional factors to consider when trading Axis Bank: The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend. The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price. Please do your own research before making any investment decisions.
NSE:AXISBANKLong
by TRADING-NASA
NIfty possible levels for today. 17/07/2023Good Morning Traders, NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action. Important levels for Nifty:- Buy Nifty above 19615, if levels sustain at least for 15 mints. Target we can see 19698/19747 Keep stop loss at 19566. Sale Nifty below 19566, if levels sustain at least for 15 mints. Target we can see 19511/19432 Keep Stop loss at 19615. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2
Sensex Expiry Day Special Analysis||Hero Zero TradeHello Traders Good morning. i hope you all will be doing good in Trading and in your life as well. I have brought analysis on Sensex first time since i have started posting my ideas here, As we all know today's Sensex Expiry day. So will try to find a best trade from our analysis. Well i have marked all best possible levels for buying and selling. But still i will write here for more clarity, Levels are below. Today's Important Levels for watchout in sensex:- Buy above 65827 if levels sustains. Targets will be 66072 (New all time high) Stop loss will be 65570 Sale below 65570 if levels sustains, Targets will be 65254/64988 Stop loss will be 65827 For Hero Zero Setup, you have to wait for perfect levels, i will update you if i will get any best trade setup related. Note:- Hero Zero Trades are very highly risk and rewards trades, so trade carefully and always go in less quantities. 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
BSE:SENSEX
by TraderRahulPal
Sale nifty intraday levelsNifty has broken channel for downside in 30 mints and it has come up to retest the levels also now retest has been completed. Chances are high, this could reverse for the target of 18616 levels. let's see where it goes our stop loss is very small at 18755 and now nifty is trading at 18705. If anybody wants to go short can go with given levels. Always follow strict stop loss to save yourself from unexpected market move. I have a option trade. Buy nifty june 18700 ce at 72 now keep stop loss at 51 target we can see 102/127/155 If anyone likes my work then support me by like and follow thankyou. Disclaimer:- Always do your own research or consult with your financial advisor before taking any trade. Regards Rahul Pal
NSE:NIFTYShort
by TraderRahulPal
5
Stock Market AnimalsThe stock market animals roam the financial landscape, representing optimism or pessimism. These animal metaphors capture the sentiment and beliefs behind the market participants who often try to outsmart each other through their edge in the market. Here is a list of 7 most popular animal metaphors in the stock market. Maybe it can help some traders to look at themselves in the mirror. 🐮Bulls🐮 Its true that at some point everybody would have been a bull in the stock market but here we are talking about the hardcore bulls who are quintessential symbol of rising market. They never go short on the market and make money from the escalating prices of the stocks. This is because they are always overtly positive about the economy and the companies in which they invest. Undoubtedly, bulls are responsible for the buying pressure in the market. 🐻Bears🐻 Needless to say, bears are exactly the opposite of bulls. They never go long and make money from falling stock prices. Their pessimistic and cautionary view about the markets glue them to their short positions. Thus, bears keep on creating selling pressure in the markets. 🐕Wolf🐕 Wolves are neither bulls nor bears but at the same time they are the both. Wolves are shrewd animals who always seek profit making opportunities on both sides of the market. Due to their aggressive trading they quickly adapt to the changing market conditions. They are able to take advantage of momentum, volatility and short-term price discrepancies. They tend to quietly wait for opportunities rather than hopping on to them. 🐢Turtle🐢 Turtles by their very nature believe in slow money-making ideology. They are the most patient ones among all the other categories. Generally, they marry their investments with a longer-term perspective. They take stock splits, bonuses and pocket dividends to make money. Turtles are steady buyers as well as steady sellers. 🐰Rabbit🐰 Rabbits are the most popular trading creatures. They are Intraday hoppers who trade in both the directions. They may be bullish at 10am and bearish at 10:05am. They believe in small but quick money-making ideology. Characterized as least patient among all the other types of market participants, they are just the opposite of turtles. Generally, they are pushed by the market sentiment to take a large number of trades during the day. However, they square off all profit/loss making positions before market close. They don’t restraint themselves from using a whole lot of indicators and strategies to make buy and sell decisions. Unfortunately, most rabbits lose money in the market. 🐔Chicken🐔 They are risk-averse creatures who believe in preserving their capital. Market volatility and momentum are not their cup of tea. They invariably take small risk and make smaller money. A small price fluctuation, on either side, may throw them out of the trade. 🦈Shark🦈 Sharks are the market manipulators. With their exceptional potential to drive or hold the prices to certain levels, they look for opportunities to trap weak traders on the wrong side of the market and exploit their fear or greed. Trading pools, large traders and prop firms etc. fall into this category. What makes them different from the rest of the market participants is their access to more accurate market data and mammoth sized Gigabucks at their disposal. I would not ask your (not so unpredictable) type but would say that there is always room for improvement. It just needs : ⚡Realization on your part to recognize yourself. ⚡Commitment to follow the discipline needed to transform yourself. Thanks for reading. Do like for more educational stuff in future. Disclaimer: These metaphors are not created by me but views are personal.
NSE:NIFTYEducation
by Bravetotrade
11
Banco Products, Positional CallBanco Products has broken out to new highs, making it a good stock to consider for a long-term investment. The company currently has a dividend yield of 6.95%. Banco Products (India) Ltd manufactures and supplies engine cooling modules and systems for automotive and industrial applications. A recent articlkes says "The Global Automotive Heat Exchanger Market size was valued at USD 22 billion in 2021 and is expected to reach USD 39 billion in 2030 at a CAGR of 7% from 2021 to 2030."
NSE:BANCOINDIALong
by GOVEGETA
Banknifty: Brace yourself for 43000.BankNifty is poised to potentially achieve a new high above the 43000 level. Our analysis indicates that it has been consistently making higher highs, while failing to establish a new low, indicating a trending market for the past few days. We have observed heavy put writings on levels below 42900, suggesting that a little bullish momentum could still provide opportunities to enter on retracement around the 42860 to 42920 range. Currently, I am holding at 42800 and am already in profit. I will be closely monitoring the 42921 to 42938 range, where a double top formation could signal a potential reversal. However, for this scenario to materialize, we will need to break below the 42781 level to confirm a bearish outlook. closely observing the market to see how it unfolds.
NSE:BANKNIFTYLong
by Doinel33