Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
PNC Infra: -Tested 460-470 range several times but didn't fell much from there recovering fast, showing supply from resistance is not strong. -Tight closes near this Breakout (BO) level. -A long base forming, means can give long breakout (check Gold n Silver how they from long base consolidation gave big move). -Check red arrows what volumes are doing on falls....
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Yesterday, BankNifty reacted from the supply zone mentioned in our previous post and closed below the previous day's low, indicating selling pressure in banking stocks. Support Levels: Nearest Small Support: 47,770 - 47,840 Far Support: 47,346 - 47,542 Resistance Levels: Small Resistance: 48,210 - 48,260 Major Resistance Zone: 48,213 - 48,458 (remains the...
Yesterday, Nifty continued its upward journey and crossed 22,588. However, it couldn't surpass or close above 22,600, indicating selling pressure at higher levels. Support Levels: Nearest Support: 22,370 - 22,407 Far Support: 22,060 - 22,142 Resistance Levels: Nearest Resistance: 22,606 - 22,674 Far Resistance: 22,755 - 22,795
As we can see despite the breakdown in the daily time frame, it managed to recover almost 500 points and kept on rallying. Despite the weak opening of both the index, it rallied and looks like heading towards new ATH. Hence as long as NIFTY is above the structure we may see few more couple of new highs in NIFTY before 4 June so plan your trades accordingly.
💎 Paradisers, #BATUSDT has shown a Fair Value Gap (FVG) twice after taking liquidity and displayed a Change of Character (CHoCH) towards the bullish market structure, increasing the likelihood of a bullish move. 💎 If the price shows a pullback and indicates bullish signs from the FVG and Bullish Order Block (OB), which is supported by the Fibonacci 0.5 and 0.618...
NSE:NIFTY Highest Call writing of 56.42 Lakh at 23000 Strike followed by 43.93 Lakh at 22500 Strike and 32.75 Lakh at 22800 strike. Maximum Put writing of 48.02 Lakh at 22400 Strike followed by 41.84 Lakh at 22500 strike and 38.52 Lakh at 22300 Strike. Index closed near 22500 level. Index reach near 22750 level and if index crosses and sustain above 22550...
NSE:BANKNIFTY Highest Call writing of 20.18 Lakh at 48500 strike followed by 18.50 Lakh at 48000 strike and 16.44 Lakh at 49000 strike. Highest Put writing of 21.99 Lakh at 48000 strike followed by 16.92 Lakh at 47500 strike and 14.01 Lakh at 47000 strike. Index closed near 48200 level. Index may reach near 48500 level and if crosses and sustain above 48250...
NSE:CNXFINANCE Maximum Call writing near CMP is at 21500 strike with 24.95 Lakh followed by 17.26 Lakh Call at 21700 Strike and 15.43 Lakh at 21600 strike. Maximum Put writing is at 19.39 Lakh at 21300 strike followed by 19.11 Lakh Put writing at 21500 strike and 16.37 Lakh at 21200 strike. Index closed near 21500 level. Index has resistance near 21500 - 21550...
NSE:NIFTY_MID_SELECT Maximum Call writing of 5.06 Lakh is at 11300 strike followed by 3.04 Lakh at 11500 Strike and 2.12 Lakh at 11350 strike and Put writing of 4.93 Lakh at 11300 Strike followed by 2.76 Lakh at 11100 Strike and 2.05 Lakh at 11200 strike. Index is closed near 11335 level. Index may face resistance near 11350 level if crosses and sustain above...
Early April, WIF was at it's best. There was one final blow off top in mid April. Since then, it has been down only. Especially compared to BONK, WIF has underperformed 50% WIF's at a crucial level wrt BONK. Unless some press thing happens, and WIF changes course Esp, if there is a downward expansion wrt BONK, You're better off switching to...
See the line at 108316? Yes. Pepe took support at the previous ATH and is now expanding. Last time, Pepe did a 10x or a 1000% return when it crossed ATH. Any risk you have is the upside risk; the non-exposure risk. Act accordingly. Always be water and be prepared to manage the downside risk. There is no downside risk unless there is a daily close...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
LIC is one of the largest PSU which is now a good swing as well as investment stock. I had posted idea of LIC when it was completing its rounding bottom pattern. Swing targets are upto 50% and investment targets are 2x and above.
Ircon has given a cup and handle breakout at ATH and is looking strong for new rally. A good investment stock to add on dips as well.