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...
BankNifty support and resistnace levels currently trading in a rectangle pattern until breakout of this range happens it will trade in this area only better to trade edges of highs and lows for more probability entries. Look out for Breakout or Breakdown of rectanglar pattern also with price action take trade that side. Supports are 47800,47580 areas. Resistance...
NSE: HATSUN is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
buy range 505-515, target 7 to 18% upside from cmp keep sl 485 on day close basis
TataSteel trade with stoploss and entry line with drawing.
Auropharma is making an inverse head and shoulder pattern at a resistance level, now this is not a reversal pattern, it is a bullish continuation pattern which forms during an ongoing trend. The only point of concern is that the pattern is being formed at a resistance level of weekly timeframe. Weekly levels hold more weightage than any short period timeframes. If...
**Support Levels:** 1. 21300 2. 21200 3. 21100 - **Resistance:** - If the market opens gapdown, then 21400 to 21450 is identified as resistance. **Analysis:** - The support levels at 21300, 21200, and 21100 are crucial for monitoring potential downside movements in Nifty 50. - A potential resistance zone is identified at 21400 to 21450, especially if the...
**Support Levels:** 1. 47800 2. 47700 (Critical level; if broken, a potential fall may occur) - **Resistance Levels:** 1. 48000 (Significant resistance for Bank Nifty) 2. 48200 **Analysis:** - The support levels at 47800 and 47700 are crucial for monitoring potential downside movements in Bank Nifty. - A break below 47700 is highlighted as it may signal...
FinNifty Expiry Support and Resistance levels as today price action gave little bit of exhaustion been seen price struggled to go higher levels, i think its time for little correction here. Support levels are 21350,21300,21268 Resistance Levels are 21440,21500,21550 Please check price action on those metioned levels above.
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...
Alkem is in support zone. Today(13sep 2023)closes above 10 and 20 sma in Daily timeframe . Observe next day 9:30 am (15min) candle to close above today's day high. Then observe long position.. Target Previous all time high. Only for learning purpose!! Learn & Pratice.
NSE: KSCL is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
Price is consolidating within the range 21400 to 21660 for two days. We can expect movement if the zone is broken. Support is at 21400 - 21440 zone. Buy above 21450 with the stop loss of 21400 for the targets 21500, 21560, 21620 and 21650. Sell below 21360 with the stop loss of 21410 for the targets 21320, 21280, 21240 and 21180. Next support is seen at 21120 to...
Attached is the Bank Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes. Support and Resistance Levels: The chart highlights significant support around the 47705 mark and notable resistance at 48148 and 48101. These levels have demonstrated consistent importance in recent sessions. CPR: Daily and...
Attached is the Nifty chart showcasing key support and resistance levels alongside the CPR for both daily and weekly timeframes. Support and Resistance Levels: The chart highlights significant support around the 21308 mark and notable resistance at 21515 and 21604. These levels have demonstrated consistent importance in recent sessions. CPR: Daily and weekly CPR...
We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21. Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock. However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone. If the stock manages to sustain above 780-800 for a...
NSE:ALEMBICLTD Weekly Analysis for long period Trendline Breakout and sustained above strong support with LH LH structure Buy Above 77 only of it sustained and give clear breakout with SL of 65 Strong Support as it was strong resistance since the beginning of its launch (1999). T1 85 T2 98 T3 115