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Support

Kotak Bank Near Support ZoneKotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade. Entry: For entry, it is recommended to go long after close of strong bullish candle near support zone. Stoploss: To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting. Target: As for the target, it is advised to aim for the next resistance level as indicated on the chart. Thank you for considering this analysis, and feel free to follow for more insights.
NSE:KOTAKBANKLong
by vt_trader
6
Bpcl bounce backBPCL has fallen over 9% on disappointing earnings.... that's the past Looking at the stock right now, we can see 1. It is falling on low volume towards the support zone = good bullish sign ( Since there is no selling in the market ) 2. It is present at a major support and trend line ( Supports hold in bull markets ) 3. Support from 200EMA = bullish sign We should position size.. What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Add to more positions once 50EMA breaks and tighten the stop loss. Keep It Simple
NSE:BPCLLong
by Krish_Kohal
Great Swing Opportunity in HFCL!Good evening All! So, HFCL Ltd has been stuck in a beautiful symmetrical tringle pattern for about 2 years now. As we can see from chart it moves up retest it resistance, gets rejection from the trend line and retrace back to support. It's like a cycle that keeps repeating. Right now, it's again retraced back to the support level and is trading above it. Don't you think this could be a great opportunity to buy and then sell when it tests the resistance again? It seems like we could take advantage of this special pattern! And that makes our trade little easier and less riskier. Today, HFCL Ltd touched its support and showed a powerful upward move. I suggest we consider buying at this level and aim to sell at 82 with a stop loss at 59. Our target should be at least 82. Let's keep an eye on the stock and make the most of this opportunity. What do you think guys, do let me know. And if you found this helpful do consider Boosting this Analysis 🚀 so, it can reach out to more people.
NSE:HFCLLong
by BullishLine
12
Nifty Futures levels 4th August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle. Go through the previous charts posted by me and carefully check the price behavior at these areas. Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn. TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED. BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM. KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
NSE:NIFTY1!
by SABMR
Bank Nifty Futures 4th August 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle. Go through the previous charts posted by me and carefully check the price behavior at these areas. Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn. TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED. BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM. KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
NSE:BANKNIFTY1!
by SABMR
Nifty Futures 4th Aug 2023he price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle. Go through the previous charts posted by me and carefully check the price behavior at these areas. Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn. TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED. BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM. KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
NSE:NIFTY1!
by SABMR
Bank Nifty Futures 4th August 2023he price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening. Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle. Go through the previous charts posted by me and carefully check the price behavior at these areas. Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn. TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED. BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM. KEEP FOLLOWING FOR A DETAILED ANALYSIS ON MY CHARTS.
NSE:BANKNIFTY1!
by SABMR