Stocks
Banknifty should fly from here! Due to rate cut expectation #NIFTYBANK action pack analysis on banking sector..are you ready??
Tomorrow is monetory policy, so there is higher probability we can see rate cut as minimum 25 basis points, so i am expecting this news is gonna to be positive specially for banking and nbfc sector, so chances are high banknifty can give solid move towards 54000, atleast 700-1000 points move possible from current level, other side 53000 is really strong support zone for intraday closing, right now price has came down, but it will surely give close above to 53000 levels. For downside we have very strong support zone at 52575-52650 which can act like strong support zone for intraday in case if we see more dip from here. Overall tomorrow mpc news is highly positive for market.
I have a trade for that
take banknifty 54000ce now at 445 you can add more in case if you get some lower levels till 390
keep strict stop loss at 300
so overall we will have 145 points stop loss
for Targets we will keep at 560/675/900++
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Neuland Laboratories Ltd - Breakout Setup, Move is ON...#NEULANDLAB trading above Resistance of 15807
Next Resistance is at 19726
Support is at 11889
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Jagsonpal Pharmaceuticals Ltd - Breakout Setup, Move is ON...#JAGSNPHARM trading above Resistance of 706
Next Resistance is at 936
Support is at 506
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Laurus Labs Limited - Breakout Setup, Move is ON...#LAURUSLABS trading above Resistance of 553
Next Resistance is at 699
Support is at 420
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Aegis Logistics Limited - Breakout Setup, Move is ON...#AEGISLOG trading above Resistance of 807
Next Resistance is at 1167
Support is at 613
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ceinsys Tech Ltd - Breakout Setup, Move is ON...#CEINSYSTECH trading above Resistance of 1232
Next Resistance is at 1749
Support is at 1088
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Neuland Laboratories Ltd - Breakout Setup, Move is ON...#NEULANDLAB trading above Resistance of 11889
Next Resistance is at 15807
Support is at 8289
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Jagsonpal Pharmaceuticals Ltd - Breakout Setup, Move is ON...#JAGSNPHARM trading above Resistance of 506
Next Resistance is at 706
Support is at 439
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Swing Current Price: The stock is trading at ₹4,469.65, up ₹235.50 (5.56%) for the day, indicating strong bullish momentum.
Trendline Breakout:
The stock has broken out of a downward-sloping trendline (orange line), suggesting a reversal of the recent downtrend.
Support Levels:
Strong support exists at ₹3,879.00 (blue horizontal line), which has held multiple times during previous pullbacks.
Targets:
1st Target: ₹4,914.70 (green horizontal line), representing the next resistance zone.
2nd Target: ₹5,559.40 (black horizontal line), a higher resistance level and potential target.
Volume Analysis
The breakout is supported by increasing volume, which strengthens the case for bullish continuation.
Conclusion
Bullish View: The breakout from the trendline with strong volume indicates that the stock might move toward its 1st target of ₹4,914.70 and potentially to ₹5,559.40 if momentum continues.
Bearish Risk: A failure to sustain above the breakout level could lead to a retest of the ₹3,879.00 support.
This chart suggests a bullish trend with clear targets for traders to watch.
BANK OF INDIA - ' W ' PATTERN BREAKOUT IN MONTHLY TIMEFRAME Can Enter at CMP or 101
Target - 180, 270, 420
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
NAUKRINAUKRI :- The stock gave a breakout with good volume
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HCLTECHHCLTECH :- Keep an eye on the stock, the stock has given a breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.