Banknifty forecast 21-22 Nov’22 l Elliott waveBanknifty can have two possible scenarios. It is in correction of 5 wave while in 4 of 5.
4 looks completed and we are in last leg then temporary pause of fall expected.
Red : most likely scenerio. Below 50300 we are short for impulse down 💰💰
Green: less likely but we are still in wave 4 it will tests our patience should move very slow up towards 50900-51000.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Stocksignals
Nifty Trade Setup & Commentary - Nifty is currently trading at 24,148
- Nifty overall structure is at a very crucial point where we have a make or break structure
- Important zone and area to watch for bulls will be 23,813 and if this gets breached or if we see a weekly closing below this I expect Nifty to free fall till 23,200 and then 21,285
- Nifty Demand and POI Zones: 21,285 and 23,200
- Nifty Supply Zones: 25,200
- If Nifty goes upto 25,200 and shows a relief rally dont consider or assume the bull run is back because we need to flip that zone and wait for nifty to make a weekly close above 25,200 if order to turn bullish again
MAHLOG Mahindra Logistics Swing Trade Setup Mahlog is currently trading at 500.75
- Mahlog has a huge demand side imbalance on the left that needs to filled
- The base looks strong and the lows are being respected as well
- Couple of Liquidity raids can be seen on the chart
- 490-492 can be a very conservative entry to chase 6-8% for Mahlog
RHIM Swing Long Trade Signal- RHIM is currently trading at 596
- RHIM is building up a very tight base followed by a Higher low higher low structure
- The last candle was a huge imbalance and that will soon get filled based on that we can see a rebalance of price up to 620-640
- Accumulation Zones: 585-595
- Stop Loss - 567
- Chase - 10%
Alembic Pharma Swing Long Setup- Alembic Pharma is currently trading at 1242
- Alembic Pharma is compressing and I think it can shoot up more
- The Pharma Index has been outperforming for weeks and I think it still has a lot of upside to move up
- 1177 can be a very good zone to look for longs and if you are looking for swings
- Invalidation below 1120 manage risk
Dr. Lal Pathlabs Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
Dr. Lal Pathlabs Ltd
TARGET RS 3670
CMP RS 3495.30
ENTRY RANGE RS 3460-3530
STOP LOSS RS 3240
Disclaimer: I am not Sebi Registered.
Nifty Swing Trade Levels Long/ShortNifty is currently trading at 25,856 and is down 1.23% as of today
- Nifty has a bullish Fair Value Gap of 25,600 and that might soon get filled
- Nifty was printing highs back to back and this euphoric rally had to fade off hence the bloodbath
- As long as the market structure stays intact and doesn't shift the bias will remain bullish
- Don't be a perma bull as well or try to find long setups in every dips accept the structure and don't do anything against it
Bank Nifty Levels and Technical Analysis- Bank Nifty is currently trading at 53,043 as of today and is down by 1.5%
- Bank nifty took out buy-side liquidity and trapped many buyers but at the same time the market structure looks intact and bullish
- Bank has a huge displacement around 52,000-54,000
- Bank Nifty might move after filling the Bullish Fair Value gap which is lying around 52,300-52,600
- Bank Nifty can make another higher high post that so be cautious and wait for the price delivery to purge your point of interest
Exide Industries Have A Look Exide Industries Touch All Time High In a Month Of July And Cool Down and following a Trend line
After Following The Trendline . The Stock Given Us Breakout Of Trendline .
There My Point Of View , The Stock Have A more Potential to Touch Again AllTime High its Move in Percentage 18% Can Move After A Good Pull Back . 52 Week High Magnetic Setup Activate & Give Us Gain Of 17-18% from Breakout .
Please Look at In This Chart .
Thank You For Giving Time On My Post .
Navin Fluorine Swing Trade Setup- Navin Fluorine is currently trading at 3429
- Navin Fluorine has an inefficiency of around 3200-3300 and you need to wait for the price to mitigate that
- Navin Fluorine can easily fill the bullish Fair Value gap and inefficiency to balance the price and then finally move up
- I will be keeping Navin Fluorine on my radar once it approaches my level
- Advice: Money is made by sitting not trading, so wait for the right opportunity and then capitalise that's all I got for you folks.
PIDILITE INDUSTRIES LIMITED (EDUCATIONAL PURPOSE ONLY,)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
PIDILITE INDUSTRIES LIMITED
TARGET RS 3530
CMP RS 3363.45
ENTRY RANGE RS 3330-3395
STOP LOSS RS 3215
Disclaimer: I am not Sebi Registered.
ICICI Lombard General Insurance view for Intraday 23rd SeptemberICICI Lombard General Insurance view for Intraday 23rd September #ICICIGI
Buying may witness above 2255
Support area 2200. Below ignoring buying momentum for intraday
Selling may witness below 2198
Resistance area 2240-2250Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bankex - Sep 23current market braked the structure and
we can see 5min ob at the point of trend line
if it breaks the trend line we can expect a sell
otherwise be on buy side
Hit the like button to Rock !! Show some energy !!
Note :
⨻ Check the live market updates and analysis yourself before buy or sell.
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge in trading for myself
⨹ This is my pre and post market analysis and my trading journey. Not a suggestion to buy or sell.
⫸ You are responsible for your trading not me ⫷
happy trading 🥰
NESTLE INDIA LIMITED ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in Stock market and Nothing over week.
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OE SELL RECOMMENDATIONS)
NESTLE INDIA LIMITED
TARGET RS 2835
CMP RS 2699.55
ENTRY RANGE RS 2670-2725
STOP LOSS RS 2500
Disclaimer: I am not Sebi Registered.
HDFC BANK Swing Long Update- HDFC Bank is currently trading at 1742
- HDFC bank followed my plan exactly the way I had predicted and anticipated it to play out
- HDFC Bank is now approaching a decent supply zone where we can possibly see a reaction from 1764
- HDFC Bank has printed and pulled Indexes too once this starts to cool off market might give a sudden downturn move watch out
Silver Futures: Navigating the Bullish Breakout
The Silver Futures chart presents a compelling picture, but as we know, navigating the market demands more than just technical analysis. Let's break down what we see:
Bullish Signals: The decisive breakout above the VWAP, coupled with the series of green Heikin Ashi candles, paints a bullish picture. The recent breach of the Base Camp level further strengthens this positive outlook.
VWAP as a Guide: The VWAP is now acting as dynamic support, offering potential buying opportunities on dips. However, remember that even in a bullish scenario, the market can be unpredictable.
Beyond the Chart: While technicals are promising, external factors can sway silver prices. Keep an eye on global economic indicators, geopolitical tensions, and any news that might impact precious metals.
Applying the Wisdom:
Don't Get Complacent: Even with a bullish setup, risk management is paramount. Set stop-losses to protect your capital in case of unexpected reversals.
Stay Informed: Technical analysis is valuable, but it's only one piece of the puzzle. Stay updated on fundamental factors that can influence silver's price trajectory.
Avoid Blind Faith in Tips: This bullish setup might attract stock tips, but remember, no one can predict the market with certainty. Do your own research and make informed decisions.
In Conclusion:
The Silver Futures chart is signaling a potential bullish trend. However, successful trading involves more than just following signals. Combine technical analysis with a keen understanding of market dynamics, risk management, and a healthy dose of skepticism towards "hot tips." This approach will increase your chances of navigating the market successfully, even when faced with its inherent unpredictability.
Disclaimer: This is an analysis, not financial advice. Trading involves risk; conduct your own research and consider your risk tolerance before making any investment decisions
AXIS BANK Swing Long Update - Axis Bank is currently trading at 1232
- Axis Bank swing long was posted a week back and now all my expected targets have been purged
- If you are holding Axis try locking in a major chunk of your gains
- I am anticipating that Axis Bank can soon start retracing now
- Watch out if you are holding aggressive longs
ACC Cement Swing Long Setup - ACC Cement is currently trading at 2506
- ACC has moved up fair from my call out and now looks all set to move higher
- But before turning extremely bullish make sure to factor in a conservative entry
- We can see ACC approaching or retracing back to 2400-2420
- Timing and Location is everything when it comes to swings
- Manage risk properly and just make sure that your location is conservative
AVANTI FEED Swing Long Setup - Avanti Feed is currently trading at 684
- Avanti feed recently made a high where we saw it moving up impulsively and it continued to rally for weeks
- Post the rally we saw prices taking healthy retracements and it's trying to form a small base now
- If you look at this small range a lot of scalpers might have got trapped with the wick shown as Sell Side Liquidity or if you look at the basic support which a lot of retailers consider
- Before looking for swings and positional plays make sure that you wait for the base to mature first and then take entries as of now try to learn and understand the price delivery
- I will post another update once I see this ready for an upside if it does before that I will scout another stock, till then trade safe manage risk and stay tuned