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BAJFINANCE // Levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 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
NSE:BAJFINANCELong
by SkyTradingZone
ZOMATO // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 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
ZLong
by SkyTradingZone
TATAPOWER // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 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
NSE:TATAPOWER
by SkyTradingZone
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.
NSE:NAZARALong
by Arvind_Share_Academy
SENSEX // Levels // 15 min"Welcome to SkyTradingZone " Hello Everyone 👋 Current Price: 81,183.93 Day’s Range: 80,981.93 - 82,254.791. Key Support and Resistance Levels: Support Levels: 81,000, 80,900, 80,700 Resistance Levels: 81,200, 81,450, 81,700 As of September 11, 2024, the BSE Sensex levels are: 5 DMA: Bullish at 81,843.71 10 DMA: Bearish at 82,061.98 20 DMA: Bullish at 81,340.03 50 DMA: Bullish at 80,693.01 100 DMA: Bullish at 77,852.18 200 DMA: Bullish at 74,791.88
BSE:SENSEX
by SkyTradingZone
CNXIT // levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Support Levels Definition: A support level is a price point where a downtrend is expected to pause due to a concentration of demand. It represents a level where buyers tend to enter the market, which prevents the price from falling further. Identifying Support: Support levels can be identified by looking at past price movements. If the price has bounced off a certain level multiple times, that level may be considered support. Trading Strategy: Traders often look for buying opportunities around support levels, anticipating that the price will rise again after hitting this level. Resistance Levels Definition: A resistance level is a price point where an uptrend is expected to pause due to a concentration of supply. It represents a level where sellers tend to enter the market, which prevents the price from rising further. Identifying Resistance: Resistance levels are identified similarly to support levels. If the price has hit a certain level multiple times and failed to break through, that level is considered resistance. Trading Strategy: Traders often look for selling opportunities around resistance levels, anticipating that the price will drop after reaching this point.
NSE:CNXITLong
by SkyTradingZone
TCS // levels // 4 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Employee categories TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively. Current Price: 3,520.75 INR Day’s Range: 3,510.00 - 3,540.00 INR. Key Support and Resistance Levels: Support Levels: 3,500, 3,480, 3,460 Resistance Levels: 3,540, 3,560, 3,580
NSE:TCSLong
by SkyTradingZone