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NIFTY Analysis: Double Top Pattern and Support ZoneNIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels. Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other hand, if the price closes below 21130, it will confirm the pattern, potentially marking the beginning of a downtrend in NIFTY. For now, we will wait for a reversal from our marked support zone in NIFTY without taking any action.
NSE:NIFTY
by iamrk7
Re-entering the Rally: Jubilant Food - Channel Support Strategy!📈 Trade Update: Jubilant Food 🍕 Previously, we successfully rode a rally in Jubilant Food, executing a trade based on the channel support and resistance. Refer to the chart attached on my profile for details. 🔄 Trade Logic: Re-entering as the stock revisits the channel support. Here are the details: - Buying Price: Around 531 - Stoploss: Below 515 - Targets: 580+ (around channel high), with a potential trail if a breakout occurs. Trade wisely and stay tuned for updates! 🚀💼 #StockTrading #JubilantFood
NSE:JUBLFOODLong
by iamrk7
2
BGRENERGYKey points:)) 1)Multi-year break-out try . With continuously volume rise day by day . 2)Make cup and handle pattern 3) small cap company 4)high risk .. If the break out like chart pattern wait and entry after retext bcoz stock is high risk Holding Promoters :- 75 % but high pledged promoter holding Fll&DII. :- o.27 % Retails :- 24.75% for MORE check in my TradingView ID If You LIKE MY Idea ......Boost... its "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
NSE:BGRENERGYLong
by asAMOLSUTAR
India Tourism Dev: Uptrend Beckons After Multi-Year BreakoutAnalysis: The provided chart of India Tourism Dev (ITDC) on TradingView depicts a promising breakout opportunity. Let's delve into the details: Current Price: ₹838.90, significantly above the multi-year resistance level of ₹715.00 marked by the blue line. Breakout Confirmation: The recent surge past the resistance zone, accompanied by strong volume, signifies a potential trend reversal from resistance to support. Uptrend Momentum: The sustained price increase after the breakout indicates continued buying pressure, suggesting further upside potential. Trading Strategies: Aggressive: Enter long if the price closes and sustains above the current level (₹838.90) with persistent buying volume. Implement a stop-loss order below the breakout level (₹715.00) to manage risk. Potential target prices could be ₹880 and ₹920 based on chart patterns and Fibonacci extensions. Conservative: Wait for a potential pullback towards the breakout level (₹715.00) or within the previous consolidation zone (₹600-₹715.00). Enter long if the price finds support at the pullback zone and exhibits bullish reversal signs (e.g., hammer candlestick pattern). Utilize a stop-loss order below the pullback low for effective risk management. Additional Considerations: While technical analysis is insightful, remember that the stock market remains inherently volatile. Conduct thorough fundamental research to assess ITDC's financial health, industry outlook, and future prospects before making investment decisions. Implement prudent risk management through stop-loss orders and appropriate position sizing. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
NSE:ITDCLong
by TRADING-NASA
CDSL (Looks Good For Short Term)CDSL has given a trendline breakout on a daily chart. The stock can head towards 1960, 2000, and 2100 levels in the coming days. The stop loss can be placed at the low of the current candle (2nd Feb) which is 1823. The stock also has taken support on the weekly candle. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:CDSLLong
by onkarsoundankar
NIFTY and BANKNIFTY Analysis for Tomorrow Nifty made a good triangle pattern in 15 and 5 min Timeframe and gave a breakout and retest scenerio on 21700 levels. Well, since tomorrow is a BUDGET day which is gonna be released on 11 am. I am gonna avoid all the morning trades due to the volatility in the market in the morning session. Premiums will be high too in the morning because FIIs/DIIs will be waiting for the Budget to be released. I will be marking High/Low of the day tomorrow and will be trading breakouts in the 2nd half of the day. Banknifty has its levels drawn and there was a consolidation too in the 2nd half. But again since the budget is there no trades till 11:30/12:00pm. Will be marking Day's High and Low then gonna trade breakouts.
NSE:NIFTYLong
by Erratic_Trader
30 Jan ’24 — BankNifty was not interested in N50s price actionBankNifty Analysis - Stance Neutral ➡️ Strange-looking 1st and 2nd candles and then a flat price action all through the day. It is quite commendable that Nifty’s bearish ghosts did not haunt BankNifty today. Even though we closed just below the SR zone of 45399 - the price action did not give a clear clue if it was bearish or bullish. 4mts chart Maybe BankNifty was in a wait-and-watch mode, allowing Nifty to decide on the direction first and then follow suit. For the straddlers, it was a field day today as the flat price action would have given most of them good gains. 63mts chart BankNifty cannot stay flat like this tomorrow and the day after. We have the expiry tomorrow and the Budget announcement on 1st February. Most likely Nifty will pick a direction soon and 99/100 BankNifty will align itself with the broader trend. Our neutral stance continues for tomorrow, but we are quite excited to see the option premium spikes during closing minutes today. The first thing BN has to ensure tomorrow is to reject the 45399 resistance and then hope the Bears score their goal. Algo Trading Our BankNifty algo trades ended today with a profit of 1617 per lot
NSE:BANKNIFTY
by viswaram
GREENPANEL Buy Above 405"Delivery Idea 22-01-24 GREENPANEL (CMP: 393.3) Buy Above: 405 SL Below: 380 Target: 455" Stock has Swing BO on Dated 28-12-2023. Now Same level has retest and take Support at Swing High. If Stock again Move Back on 20-01-2024 High, then take Entry. Disclaimer: Content shared through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:GREENPANELLong
by easi2invest
METROPOLISMETROPOLIS get trail of another one study of my bottom fishing scanner this name is eRHr buy at LTP . trg is 1) 1700 2) 1800. 1) good support zone . 2) technically swing trading set up 3) and last one is "my efforts " .If You LIKE MY Idea …please…Boost its for motivation for study . for MORE check in my TradingView ID “Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts /calls , please consult your financial advisors. Thank you
NSE:METROPOLISLong
by asAMOLSUTAR
1
Bank Nifty Support and Resistance Levels (16/01/2024)Bank Nifty Support and Resistance Levels (16/01/2024) #### Support Levels: 1. **Support Level 1:** 48,000 2. **Support Level 2:** 47,800 3. **Support Level 3:** 47,600 - If the market trades below 48,000, it could signal potential downside movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 48,400 2. **Resistance Level 2:** 48,600 - If the market trades above 48,223, there may be a potential move towards 48,400. ### Technical Analysis Insights: - **Support Zones:** 48,000, 47,800, and 47,600 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 48,400 and 48,600 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Trading below 48,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** A sustained breakout above 48,223 might indicate a potential move towards 48,400, but confirmation is essential.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Support and Resistance Levels (15/01/2024)Bank Nifty Support and Resistance Levels (15/01/2024): #### Support Levels: 1. **Support Level 1:** 47,611 2. **Support Level 2:** 47,455 3. **Support Level 3:** 47,233 4. **Support Level 4:** 47,000 - Breaking below 47,000 may indicate a potential for a significant downward movement. #### Upside Resistance Levels: 1. **Resistance Level 1:** 47,829 2. **Resistance Level 2:** 48,000 - If the market opens with a gap-up above 48,000, waiting for a 15-minute green candle for confirmation before considering buying could be a prudent strategy. ### Technical Analysis Insights: - **Support Zones:** 47,611, 47,455, 47,233, and 47,000 are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones (Gap-up Open):** 47,829 and 48,000 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. Waiting for confirmation on a gap-up open could be a prudent approach. - **Breakdown Caution:** Breaking below 47,000 might signify increased bearish sentiment and could lead to further downside movement. - **Gap-up Confirmation:** For a gap-up above 48,000, waiting for a 15-minute green candle for confirmation could help reduce the risk of false breakouts.
NSE:BANKNIFTYLong
by santubittu
05 Jan ’24 — BankNifty gets a sharp reversal at 14.19 & pulls UPBankNifty Analysis - Stance Neutral ➡️ BankNifty opened inline and was looking quite decent till 10.07. The fall that came after that took out 559pts ~ 1.16%. Not quite sure what triggered that fall. Due to this, the impact was felt even on Nifty50. NiftyIT was roaring green at one end and then BankNifty underperforming at the other. 4mts chart link Remember, we changed our stance from bearish to neutral yesterday and this fall started creating conflicting thoughts in our mind. What if the price action we had yesterday was a blip? But we got the right answers between 14.15 to 14.31 when Nifty50 managed to pull back. This also lifted BankNifty to ensure a flat closing for today. 63mts chart link The neutral stance continues. On the downside, we have protection at 47539, and on the upside, the channel bottom line will prove as a minor resistance. As long as BN stays between these two, we will be glad to look out for non-directional option strategies.
NSE:BANKNIFTY
by viswaram