support and resistance levels for Axis Bank (AXISBANK):Here are the current support and resistance levels for Axis Bank (AXISBANK):
Support Levels
Previous Low: 711.50
Fibonacci 38.2% Retracement: 717.50
200 DMA (200-Day Moving Average): 722.50
Fibonacci 23.6% Retracement: 730.00
Short-term Support: 735.50
Resistance Levels
Fibonacci 61.8% Retracement: 745.00
Previous High: 752.50
Fibonacci 78.6% Retracement: 760.00
Medium-term Resistance: 770.00
Long-term Resistance: 785.00
Stocks
Shilpa Medicare Limited - Breakout Setup, Move is ON...#SHILPAMED trading above Resistance of 663
Next Resistance is at 819
Support is at 481
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.
Jubilant Pharmova Ltd - Breakout Setup, Move is ON...#JUBLPHARMA trading above Resistance of 866
Next Resistance is at 1039
Support is at 719
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.
Tribhovandas Bhimji Zaveri Limited - Breakout Setup, Move is ON.#TBZ trading above Resistance of 155
Next Resistance is at 240
Support is at 115
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.
Shriram Pistons & Rings Limited - Long Setup, Move is ON...#SHRIPISTON trading above Resistance of 1210.50
Next Resistance is at 2282
Support is at 842
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.
Cholamandalam Investment And Finance - Long Setup, Move is ON...#CHOLAFIN trading above Resistance of 1231
Next Resistance is at 1566
Support is at 966
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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 1445
Next Resistance is at 1782
Support is at 1165
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.
Nava Limited - Breakout Setup, Move is ON...#NAVA trading above Resistance of 867
Next Resistance is at 1032
Support is at 673
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.
BANKNIFTY // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for the Bank Nifty (BANKNIFTY) based on a 4-hour chart:
**Resistance Levels:**
1. 34,400 - 34,500 (previous high)
2. 34,600 - 34,700 (psychological level)
3. 34,800 - 34,900 (resistance zone)
**Support Levels:**
1. 33,700 - 33,800 (previous low)
2. 33,500 - 33,600 (psychological level)
3. 33,300 - 33,400 (support zone)
**Key Levels:**
1. 34,300 - a crucial level to watch for trend continuation or reversal
2. 33,500 - a potential reversal zone
**Notes:**
* The Bank Nifty is currently trading around the resistance level of 34,200.
* A break above this level could lead to further upside momentum.
* A break below the support level of 33,500 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: The Bank Nifty is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
SPX // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for the S&P 500 (SPX) based on a 4-hour chart:
Resistance Levels:
4,120 - 4,130 (previous high)
4,140 - 4,150 (psychological level)
4,160 - 4,170 (resistance zone)
Support Levels:
4,070 - 4,080 (previous low)
4,050 - 4,060 (psychological level)
4,030 - 4,040 (support zone)
Key Levels:
4,100 - a crucial level to watch for trend continuation or reversal
4,080 - a potential reversal zone
Notes:
The SPX is currently trading around the resistance level of 4,100.
A break above this level could lead to further upside momentum.
A break below the support level of 4,080 could lead to a reversal in the trend.
The levels listed are based on historical data and may not be valid in the future.
WIPRO // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Wipro (WIPRO) based on a 4-hour chart:
**Resistance Levels:**
1. 444.50 - 454.50 (previous high)
2. 458.00 - 468.00 (psychological level)
3. 472.50 - 482.50 (resistance zone)
**Support Levels:**
1. 430.50 - 440.50 (previous low)
2. 422.00 - 432.00 (psychological level)
3. 410.00 - 420.00 (support zone)
**Key Levels:**
1. 436.50 - a crucial level to watch for trend continuation or reversal
2. 418.50 - a potential reversal zone
**Notes:**
* Wipro is currently trading around the resistance level of 436.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 418.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Wipro is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the IT sector, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on Wipro's quarterly results, client additions, and revenue growth, as well as any changes in global IT trends or regulations that may impact the industry.
#INDORAMA is 12% up today#INDORAMA is 12% up today, 15% is completed from my given levels.
How many of you are riding this stock haaa.
Do not say you missed it, I gave this before time.
It was very near to our SL but it reversed and now we know
the result is 15%returns in our hand.
I would say trail your SL now above buy price and hold it.
A specialty organic stock has good fundamental, given breakout.Hello, everyone, i have brought another stock which has given breakout and ready to fly in blue sky,, Stock name is Vinati Organics Ltd and it is incorporated in 1989, It manufactures specialty organic intermediaries and Monomers.
KEY POINTS
Product Profile:
a) Specialty Aromatics
Iso butyl benzene/ IBB, N-Butyl Benzene, Secondary Butyl Benzene, Tertiary Amyl Benzene,
3- Phenylpentane, The C10 Aromatic solvent,
4 -Butylaniline.
b) Specialty Monomers:
2-acrylamido 2-methyl Propane Sulphonic
Acid (ATBS), Sodium Salt Of 2-acrylamido-2-methylpropane Sulphonic Acid (NAATBS), N-tertiary Butyl Acrylamide (TBA), N-tertiary
Octyl Acrylamide (TOA)
c) Butyl Phenols:
Ortho Tertiary Butyl Phenol/2 Tert Butylphenol, Para Tertiary Butyl Phenol/ 4 Tert Butyl Phenol,
2, 4 Di Tert Butylphenol, 2, 6 Di Tert Butylphenol
d) Other Specialty Products:
Isobutylene, Methanol, High purity Methyl Tertiary Butyl Ether, Tertiary Butylamine, Para tertiary butyl Benzoic Acid, Methyl 4-Tertiary butyl benzoate, Mixed Hexene
e) Miscellaneous Polymers:
Vintreat Polymer, VINPLAST 245,
VINFLOW HT, Isohexane, CAS
64742-49-0
Clientele:
Chemtall Inc., BASF Corporation, Mitsubishi Corporation, SNF, Dow Europe GMBH
Capex:
Company is currently undertaking capex of
~Rs.580 crore through internal accruals, viz. around Rs.300 crore in VOL for ATBS capacity expansion and Rs.280 crore in Veeral Organics Private Limited which will enable it to manufacture additional derivatives of Isobutylene. The ATBS capacity is to be expanded from 40,000 MT to ~60,000 MT.
Market Share:
Company is the only backward-integrated manufacturer of ATBS and butyl phenols with its own Isobutylene manufacturing unit. It ranks no.1 in the production for ATBS and IBB, commanding 65%+
market share for both these products.
Market Cap
₹ 20,129 Cr.
Current Price
₹ 1,958
High / Low
₹ 1,985 / 1,462
Stock P/E
62.2
Book Value
₹ 240
Dividend Yield
0.36 %
ROCE
18.6 %
ROE
13.8 %
Face Value
₹ 1.00
Industry PE
39.5
Debt
₹ 4.65 Cr.
EPS
₹ 31.5
Promoter holding
74.3 %
Intrinsic Value
₹ 453
Pledged percentage
0.84 %
EVEBITDA
39.5
Change in Prom Hold
0.22 %
Profit Var 5Yrs
2.72 %
Sales growth 5Years
11.0 %
Return over 5years
12.8 %
Debt to equity
0.00
Net profit
₹ 323 Cr.
ROE 5Yr
20.1 %
Profit growth
-29.4 %
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.
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue.
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
SPX // Levels // 30 min "Welcome to SkyTradingZone "
Hello Everyone 👋
As of September 10, 2024, the S&P 500 Index (SPX) opened at 5,442.07 with a 52-week range of 4,103.78–5,669.67.
Here's some related information about the S&P 500 Index:
Mini-SPX Index: This index is based on 1/10th of the value of the S&P 500 Index.
SPX Put/Call Ratio: As of September 7, 2024, the SPX Put/Call Ratio was 1.43, which was the same as the previous year.
Largest holdings: Some of the largest holdings in the S&P 500 Index include Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta Platforms, Berkshire Hathaway, Eli Lilly, and Tesla.
SENSEX // Levels // 30 min"Welcome to SkyTradingZone "
Hello Everyone 👋
Here are some details about the BSE Sensex index:
Open: 81,768.72
High: 81,801.22
Low: 81,445.30
Prev Close: 81,559.54
Dividend Yield: 1.12%
P/E: 23.93
The BSE Sensex is an index that reflects the market capital of the 30 most traded and valued companies on the Bombay Stock Exchange (BSE). The index's main objectives are to measure market movements, set benchmarks for funds performance, and provide index-based derivatives products.
BANKNIFTY1! // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are some levels for the Bank Nifty:
R1: 50,701.97
Pivot: 50,301.08
S1: 50,040.02
R2: 50,963.03
S2: 49,639.13
R3: 51,363.92
S3: 49,378.07
The Bank Nifty is a benchmark index that tracks the performance of the top 12 banking and financial stocks in India.
You can trade Bank Nifty index futures on futures exchanges like NYMEX and CBOT. Retail investors and traders can also trade futures electronically through a broker.
NCC 4H Levels (S/R)# we mark Support and Resistance on the charts so you can check.
Support level: The breakout level of around 297.85 is now a support level.
Resistance level: The next resistance level to watch is around 463.80.
Support and resistance levels are price chart levels that limit the market's range of movement. The support level is where the price stops falling and bounces back up, while the resistance level is where the price stops rising and dips back down
Geojit Financial Services - Breakout Setup, Move is ON...#GEOJITFSL trading above Resistance of 147
Next Resistance is at 228
Support is at 96
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.