Navigating Nifty 50 Index Levels for May 14, 2024 *As the trading session approaches on May 14, 2024, understanding the key support and resistance levels for Nifty 50 is essential for devising a well-informed trading strategy. Here's a detailed analysis to guide your trading decisions.* ### Resistance Zones: 1. **Primary Resistance Zone:** If the market opens...
Analyzing Bank Nifty Index Levels for May 14, 2024 *As of May 13, 2024, Bank Nifty is poised for potential movements, and understanding key support and resistance levels is crucial for informed trading decisions. Here's a comprehensive analysis for navigating the Bank Nifty Index on May 14, 2024.* ## Support Levels: 1. **Primary Support:** 47656 2. **Secondary...
It seems ITC has probably formed a base after consuming a good demand zone on 75 Mins TF and as per Dow Theory model, making higher lows and higher highs. As per my primary rationale of Elliott Wave analysis, it is forming a leading diagonal structure for Wave 1 on 75 Mins TF chart as shown hereby. We can confirm this once it consumes some demand at Wave 2...
NSE:LTTS This Guy Falls Almost 16.3% in Last 20 - Days Now at Support Zone ( Previous Resistance acts as Support Now ) Wait For Weekly Closing and Enter any Reversal confirmation.
Please find below simple resistance and support: Resistance: 22132 If crossed up then will see upward move: TGT: 22338 (1 small hurdle at 22186) Support: Trendline support although 21934 If crossed down then will see downward move: TGT: 21820 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED...
NSE:ASTRAL This Break the 1 Year Consolidation Zone Wait For Weekly Closing How Weekly Candle Closing
Current Trend: BankNifty has experienced seven consecutive days of selling pressure, but this trend appeared to ease somewhat on Friday. Key Levels: Resistance : Immediate resistance is seen at 47600. Support : Support is established around the 47300 level. Potential Scenarios: Rejection or Breakout/Breakdown: Watching for how BankNifty reacts at...
FinNifty 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...
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...
cmp : 22442 demand zone : 22305-22392 supply zone : 22740-22810 nifty is respecting both demand and supply zone. breaking any one zone will be indication for next big directional move of 2-4% price action suggest bearishness but if demand zone is respected it may bounce back. any dip towards demand zone should be treated as buying opportunity with strict stop...
BankNifty found support within the first support zone mentioned in the previous post; however, the rebound was not significant, signaling prevailing selling pressure in the market. The immediate support is identified between 47204 and 47345, with a further support zone extending from 46870 to 47015. Additionally, an essential Fibonacci level at 61.8%, situated at...
Nifty found support within the previously mentioned zone, prompting a modest rebound. However, caution prevails as the market appears to be adopting a "Sell on Rise" stance at present. The nearest resistance is expected between 22148 and 22187, with further resistance observed at 22244 to 22369. Meanwhile, the nearest support remains unchanged from the last post,...
As we can see BANKNIFTY has not yet breached the lower trendline despite NIFTY’s weakness which has breached the lower channel. Though BANKNIFTY is yet to take support at lower trend line, we may expect BANKNIFTY to show REVERSAL from given zones hence any signs of REVERSAL at the trendline could be a good buy keeping SL closing basis below the trendline so plan...
NSE:TATACONSUM Good #HNS Pattern Plan only Below Neckline Break and Closing Below the Support Trendline, This Pattern is a Rare Head and Shoulder Pattern Near ATH and Resistance Trendline
NSE:HCLTECH This Guys Fall 24% in 77 - Days Now Near Support and FIB 50% also We Need Wait For Reversal and Candle Closing ---- Add to Your Watchlist
NSE:GRASIM Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.
HINDALCO | Strong breakout and retest - New trend ahead CMP : 625