Option Trading Analysis for Bank Nifty for 21/09/23 Key Points: Global markets closed negative on 20/09/23, which led to a sharp fall in Bank Nifty. Bank Nifty opened below its shared support levels, indicating a bearish sentiment. Put writers are heavily positioned at 45300 levels, suggesting that there is strong resistance at this level. Support and...
Detailed View about this Breakout: No.of Resistance: 5 No.of Support: 4 Consolidation Days: 350+ Days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
Banknifty was bearish today after opening gap-down For tomorrow's trading session, if bank nifty opens between 45328.00 and 45442.00 levels then we would be waiting for a big momentum in both upwards and downwards direction. Targets can be achieved according to the levels. If Market breaks today's high level then we can go long to cover the gap which caused...
Today Nifty opened gap-down a big one and under 50 EMA and 200 EMA line as well. Hence our view towards today market was bearish. For tomorrow if market opens flat or between the level 19888.00 and 19917.00 levels then we will be waiting for the break-out or break-down of the marked levels. The levels between 19888.00 and 19917.00 level will be a no-trading...
Happy Ganesh Chathurthi All !!! BankNifty Levels to react 46050 Above long Targets 46150,46200,46250 45950 Below Short Targets 45900,45800,45700
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...
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...
This is based on volume profile & PA. Confirmation only on orderflow
NSE: M_MFIN is closing with a bullish consolidation breakout 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...
CHENNPETRO is breaking out of a massive 15 year resistance. High RSI. On daily after brief retest is again breaking swing low. Lets see if it will sustain levels and then can go higher.
NAZARA is breaking out of a 1 Year Cup pattern. Breakout has retested and bounced and lets see if it sustains. High RSI and Volume at breakout.
TCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.
Karnataka Bank gains 4%, hits over 15-year high on fund raising plans The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities. Shares of Karnataka Bank hit over 15-year high at Rs 249.95, as they gained 4 per cent on the BSE in...
ABB Cmp 4379 dated 15-9-2023 1. Reversed from support Buy above 4385 tgt 4425-4450-4475-4500-4525 SL 4325 It is just a view, please trade at your own risk.
Bank Nifty Actionable Idea #Current Price- 45979 #Resistance- 46028 #Support- 45899 #Target 46129 And 46230 we can expect after a break of Resistance #Target 45813 And 45718 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or...
#geecee #swingtrade #vcpbreakout #cupandhandle #momentumtrade GEECEE Ventures : >> Breakout done, retest happening >> VCP / Cup & Handle breakout >> Good Strength & Decent Volume >> Low Risk & High Reward Trade Swing Traders can lock 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur...
Karnataka Bank Limited is engaged in providing a range of banking and financial services, including retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. Financial Metrics: TTM EPS: 37.74 TTM PE: 5.74 P/B: 0.87 Face Value: 10 Mkt Cap (Rs. Cr.): 6,765 Dividend Yield: 1.85 Sector PE: 24.43 Book Value Per...
For educational purpose only Each rectangle works as supply and demand zone.