#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.
Support
JSWENERGY (JSW Energy Ltd.) on a 4-hour timeframeJSWENERGY (JSW Energy Ltd.) on a 4-hour timeframe
Support Levels: Look for price points where JSW Energy has consistently bounced back or found buying interest in the past. These are typically previous low points.
Resistance Levels: Identify price points where JSW Energy has faced selling pressure or reversed direction in the past. These are typically previous high points.
Support Levels:
₹730,₹720,₹710
Resistance Levels:
₹750,₹760,₹770
TATAPOWER on a 4-hour timeframeSupport Levels: Look for previous low points on the stock chart where Tata Power's price has historically bounced back.
Resistance Levels: Identify previous high points where the price has reversed or faced selling pressure.
TATAPOWER on a 4-hour timeframe
Support Levels:
₹440,₹435,₹430
Resistance Levels:
₹450,₹455,₹460
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone "
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HDFC Bank (HDFCBANK) on a 1-hour chart
Support Levels: Around 1637.93 and 1633.211.
Resistance Levels: You might want to look at recent highs for potential resistance points, but specific resistance levels weren’t detailed in the sources.
Trend Analysis: Check if there is a clear trend (upward, downward, or sideways). Short-term trends can provide insights into the stock's immediate direction.
Technical Indicators: Utilize technical indicators such as Moving Averages (e.g., 50-hour or 200-hour MA), Relative Strength Index (RSI), or Bollinger Bands to understand momentum and potential reversal points.
RELIANCE // Levels // 1 hour "Welcome to SkyTradingZone "
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RELIANCE on a 1-hour timeframe
Support Levels: These are price points where the stock has historically shown buying interest and reversed upward. Look for recent lows where the price has bounced back. For example, if RELIANCE recently found support around ₹2,400, this is a key level to watch.
Resistance Levels: These are price points where the stock has faced selling pressure and struggled to move higher. Identify recent highs where the price has faced resistance. For instance, if the stock faced resistance at ₹2,500, this would be a significant level.
Support Levels:
₹2,920
₹2,900
₹2,880
Resistance Levels:
₹2,950
₹2,970
₹2,990
ICICIBANK // Levels // 1 hour "Welcome to SkyTradingZone "
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ICICIBANK on a 1-hour timeframe
Trend Analysis
Determine Trend Direction: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the general price direction over the past hour or several hours.
Draw Trendlines: Connect recent highs or lows to visually represent the trend direction. An upward trendline connects consecutive higher lows, while a downward trendline connects consecutive lower highs
Support Levels:
₹1,215
₹1,200
₹1,185
Resistance Levels:
₹1,230
₹1,245
₹1,260
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
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AXISBANK on a 1-hour timeframe
Chart Patterns:
Look for patterns such as Head and Shoulders, Triangles, Flags, or Pennants that might indicate future price movements.
Candlestick Patterns:
Observe for any significant candlestick patterns such as Do ji, Engulfing, or Hammer, which can provide insights into potential reversals or continuations.
Support Levels:
₹1,180
₹1,160
₹1,140
Resistance Levels:
₹1,200
₹1,220
₹1,240
CNXIT // Levels // 1 hour "Welcome to SkyTradingZone "
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CNXIT (Nifty IT) index on a 1-hour interval
Support Levels: These are price levels where the index historically tends to find buying interest. Look for recent lows or previous points where the price has bounced back up.
Resistance Levels: These are price levels where the index has historically struggled to rise above. Look for recent highs or points where the price has reversed downwards.
Support Levels:
42,800
42,500
Resistance Levels:
43,200
43,500
TCS // Levels // 1 hour "Welcome to SkyTradingZone "
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TCS (Tata Consultancy Services) on a 1-hour timeframe,
Support Levels:
₹4,420
₹4,400
₹4,380
Resistance Levels:
₹4,460
₹4,480
₹4,500
Trend Analysis
Current Trend: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the price action over the past hour or several hours. This can be determined by looking at the direction of the price movements and trendlines.
Draw Trendlines: Connect recent highs or lows to visualize the trend. An upward trendline would connect higher lows, while a downward trendline would connect lower highs.
BAJFINANCE // Levels // 4 hour "Welcome to SkyTradingZone "
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BAJFINANCE (Bajaj Finance Ltd.) on a 4-hour timeframe
Support Levels: Identify recent lows where the price has bounced back up. For example, if Bajaj Finance recently found support around ₹6,500, this level is important to watch for potential buying interest.
Resistance Levels: Determine recent highs where the price has struggled to rise further. For instance, if the stock faced resistance around ₹7,000, this level is significant for potential selling pressure.
Support Levels:
₹7,200
₹7,150
₹7,100
Resistance Levels:
₹7,300
₹7,350
₹7,400
ZOMATO // Levels // 1 hour "Welcome to SkyTradingZone "
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ZOMATO on a 1-hour timeframe
Support Levels: Identify recent lows where the stock price has bounced back up. For example, if Zomato recently found support around ₹60, this level is crucial for potential buying interest.
Resistance Levels: Determine recent highs where the stock price has faced difficulty in rising further. For instance, if the stock struggled to surpass ₹65, this would be a significant resistance level.
Support Levels:
₹245
₹240
₹235
Resistance Levels:
₹255
₹260
₹265
TATAPOWER // Levels // 1 hour "Welcome to SkyTradingZone "
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TATAPOWER on a 1-hour timeframe
Support Levels: Look for recent lows where the stock price has bounced upward. For example, if Tata Power recently found support around ₹230, this would be a significant support level.
Resistance Levels: Determine recent highs where the stock price has struggled to break through. For instance, if the stock has faced resistance around ₹250, this level is crucial.
2. Trend Analysis
Determine Trend Direction: Analyze the general direction of the price movement over the past hour or several hours. Identify whether the stock is in an uptrend, downtrend, or moving sideways.
Support Levels:
₹440
₹435
₹430
Resistance Levels:
₹450
₹455
₹460
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the way for further upside, potentially reaching your targets of 1350, 1500, and 1650+.
It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.
oberoireality is consolidated in daily Timeframe#oberoireality is consolidated in daily Timeframe, it looks like triangle pattern,
but one needs to be aware has lot of time fake breakout is been seen,
good for buying in cash, risk management and patience is important
overall bullish for short-term swing .Please check the chart carefully.
levels for Reliance Industries (RELIANCE) levels for Reliance Industries (RELIANCE)
Support levels: 2,912.98 (S1), 2,900.52 (S2),
and 2,885.03 (S3)
Resistance levels: 2,940, 2,956, and 2,969
52-week low: 2,221.05
52-week high: 3,217.9
Support and resistance levels are important for traders and analysts to analyze price movements for a stock. They are calculated based on the price range of the previous trading day.