BAJAJFINSV Stock is trading near resistance level in daily
#BAJAJFINSV
Stock is trading near resistance level in daily timeframe.Can expect good upmove in coming days once resistance is broken and starts trading above it.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
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"Crucial Neckline Breakout Ahead for Ashiana Housing LtdHello everyone, today i have brough a news base trade setup of Ashiana Housing Ltd. and it is showing an exciting setup on the charts as it approaches a neckline breakout level at ₹368. This is a critical resistance zone, and if the stock sustains above this level, it could mark the beginning of a strong upward move.
Here’s why this is interesting:
Technical Setup: After a period of consolidation, the stock is attempting to break out of a well-defined neckline. This kind of breakout often signals the start of a new trend.
Volume is Key: A breakout supported by higher volumes would confirm strong buying interest, which is exactly what traders want to see.
Recent News Adds to the Momentum:
Ashiana Housing recently launched the final phase of its luxury residential project, Ashiana Ekansh, in Jaipur's Mansarovar Extension. This has been well-received and could boost the company’s fundamentals.
While the stock faced some selling pressure recently, the current setup indicates the potential for a turnaround.
Key Levels to Watch:
Entry Point: ₹368 – Breakout confirmation is crucial.
Stop Loss: ₹344 – To manage risk effectively.
Targets:
1st Target: ₹413
2nd Target: ₹438
3rd Target: ₹468
Why This Matters:
A breakout from this level could provide a solid risk-reward opportunity for traders. However, patience is key – wait for confirmation before jumping in. Also, keep an eye on the broader market sentiment and any updates related to the company.
Final Thought:
Ashiana Housing is at a pivotal point. If the breakout happens, this could be an exciting ride to the targets. Stay alert, manage your risks, and let the market guide you.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Nifty Key Breakout Levels to Watch for Bullish or Bearish MoveHello guy's i hope you all will be doing good in your trading and your life as well today i have brought again Technical Analysis of Nifty 50:- Critical Levels to Watch.
The Nifty 50 index is currently consolidating in a well-defined pattern, with clear support and resistance levels in play. Here's the detailed analysis:
The price action is forming a descending channel, with a falling resistance line acting as the key barrier for upward movement. A breakout above this resistance can trigger bullish momentum, with targets at 23,966 (1st target) and 24,140 (2nd target).
On the downside, the support zone holds significant importance. A breach below this zone could open doors for further selling, with the next target at 23,464.
Key levels to monitor:
Stop Loss for Buying: 23,575
Stop Loss for Selling: 23,782
Here’s what happens:
Bullish Scenario: A breakout above the resistance will likely lead to a test of the mentioned targets, signaling a potential trend reversal.
Bearish Scenario: A breakdown below the support zone could signal bearish continuation, targeting the lower levels.
Outcome:
Watch for volume spikes during the breakout/breakdown to confirm the move.
Adhere to the stop-loss levels to manage risk effectively.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile TraderRahulPal Let’s learn and grow together!
Nifty 50: Key Levels to Watch for Breakout or BreakdownHey Traders,
Let’s talk about Nifty 50—it’s shaping up to be an interesting day on the charts. The index is moving in a tight range, and the key levels are now crystal clear. Whether you're a buyer or a seller, the next move could be the game-changer. Here’s what I see:
For Buyers:
Entry Point: Above 23,776
Stop Loss: 23,706
1st Target: 23,898
2nd Target: 24,014
For Sellers:
Entry Point: Below 23,653
Stop Loss: 23,706
1st Target: 23,571
2nd Target: 23,460
Key Observations:
The zone between 23,706 and 23,776 is critical, acting as a battleground between bulls and bears.
Watch for volume spikes at breakout or breakdown levels to confirm the move's strength.
Avoid premature entries and let the market show its hand before acting.
Final Thoughts:
These levels are based on technical analysis, but the market can be unpredictable. Stick to your plan, manage your risks, and remember: your capital is your top priority.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
Nifty 50: Key Levels to Watch for Tomorrow’s Trading SessionNifty 50 Index Analysis
Timeframe: 15-Minute Chart
Current Price: ₹23,990.15
Key Levels to Watch:
Resistance Zone:
Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target).
Support Zone:
Immediate support at ₹23,927. A break below this level could lead to ₹23,788.
Bullish Scenario:
Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish momentum.
Bearish Scenario:
Sell below ₹23,927, targeting ₹23,788. A breakdown below the support zone and trendline could trigger bearish momentum.
Indicators:
RSI is showing weakness near 38, indicating a need for caution in the short term. MACD has a bearish crossover, signaling possible downside unless momentum strengthens.
Conclusion:
Watch for a breakout above ₹24,046 for bullish opportunities. Stay cautious below ₹23,927 as it may lead to further downside. Always plan trades with proper stop-losses to manage risk effectively.
Disclaimer: - Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If you found this analysis insightful, don’t forget to hit like and follow for more such content!
For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
Tata Elxsi: Consolidation Phase with Positive Earnings Support Level: The stock has established monthly support at ₹5,900.
Accumulation Zone: Recent market activity indicates minor accumulation around the ₹6,300 mark, suggesting potential investor interest at this price point.
Consolidation Period: Since October 2022, Tata Elxsi's share price has been consolidating, trading within a defined range without a clear upward or downward trend.
Earnings Performance: In Q2 FY2024-25, Tata Elxsi reported a 14.7% increase in net profit to ₹2.29 billion, surpassing analyst expectations. Revenue from operations rose by 8.3% to ₹9.55 billion, driven notably by a 16% year-on-year growth in the transportation segment, which secured a $50 million multi-year contract with a European company. -Reuters
The ongoing consolidation phase, coupled with strong earnings and sector-specific growth, positions Tata Elxsi as a stock to watch. Investors should monitor for a breakout from the current range, supported by sustained earnings growth and sectoral performance, to gauge future price movements.
Coromandel International - Breakout Setup, Move is ON...#COROMANDEL trading above Resistance of 1938
Next Resistance is at 2310
Support is at 1545
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.
Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 2154
Next Resistance is at 2798
Support is at 1782
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.
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 2158
Next Resistance is at 3272
Support is at 1470
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.
Firstsource Solutions Limited - Breakout Setup, Move is ON...#FSL trading above Resistance of 380
Next Resistance is at 603
Support is at 242
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.
Ashoka Buildcon Limited - Breakout Setup, Move is ON...#ASHOKA trading above Resistance of 295
Next Resistance is at 454
Support is at 196
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.
Info Edge Limited - Breakout Setup, Move is ON...#NAUKRI trading above Resistance of 8877
Next Resistance is at 11101
Support is at 7304
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.
Innova Captab Ltd - Breakout Setup, Move is ON...#INNOVACAP trading above Resistance of 1102
Next Resistance is at 1360
Support is at 940
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.
Epack Durable Ltd - Breakout Setup, Move is ON...#EPACK trading above Resistance of 566
Next Resistance is at 763
Support is at 397
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.
Lloyds Metals And Energy Ltd - Breakout Setup, Move is ON...#LLOYDSME trading above Resistance of 1355
Next Resistance is at 2080
Support is at 1079
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.
Nifty Analysis – Today’s Game Plan! (31st December 2024)🔥 Nifty Analysis – Today’s Game Plan!
Let’s Break It Down:
The Nifty is currently trading at 23,658.65, sitting in a zone where things can go either way. With clear support and resistance levels, the market is poised for its next big move.
📍 Levels You Can’t Ignore:
🚀 Strong Resistance Zone: 24,055
⚡ Immediate Resistance: 23,878
🛡️ Support Zone: 23,535
🔒 Strong Support Zone: 23,318
What Could Happen?
💥 Bullish Scenario:
If Nifty manages to break above 23,878, it’s likely heading toward the 24,055 mark. This breakout could mean strong momentum, so watch for increased buying volumes.
⚠️ Bearish Scenario:
If Nifty struggles to stay above 23,535, a slide to 23,318 might be on the cards. Breaking this level would bring more pain for the bulls.
Here’s the Plan:
For Buyers:
Go long only above 23,878, aiming for 24,055. Keep your stop-loss tight around 23,750.
For Sellers:
Consider shorting below 23,535, with a target of 23,318. Protect your trade with a stop-loss near 23,650.
Something to Think About:
RSI Levels: Showing signs of possible recovery—are the bulls gearing up?
Volume Watch: A breakout without volume isn’t reliable. Let the market show its hand!
Market Open Impact: GIFT Nifty hints the market might open near these zones. Be ready for action!
Final Words:
Markets are unpredictable, but preparation is key. Know your levels, set your stop-loss, and trade like a pro. Remember, discipline beats emotions every time!
Disclaimer: This is not financial advice—just a trader sharing insights. Trade smart, trade safe!
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Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 1782
Next Resistance is at 2154
Support is at 1445
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.
PB Fintech Ltd - Breakout Setup, Move is ON...#POLICYBZR trading above Resistance of 1698
Next Resistance is at 2158
Support is at 1231
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.
Firstsource Solutions Limited - Breakout Setup, Move is ON...#FSL trading above Resistance of 296
Next Resistance is at 380
Support is at 210
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.