Nicely retraced from 8.5 highs to 5.3 (fib 0.38), however , in no way it looks "bearish". As long as price remains above 4.60-4.70 range , spot buys can be added ;pecially if taken profit at range highs. Next target would be 14.66 --15.2 (fib extension 1.618) Hold time 8-12 weeks.
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 12.22 Lakh is at 10800 strike followed by 9.64 Lakh at 10900 Strike and Put writing of 14.01 Lakh at 10700 Strike followed by 13.30 Lakh at 10800 Strike. Index is closed above support level of 10800. As the more put writing is building up at 10800 strike the support level is shifting up with big support near...
NSE:CNXFINANCE Maximum Call writing is at 21400 strike with 5.76 Lakh followed by 5.23 Lakh Call at 21500 Strike. Maximum Put writing is at 9.59 Lakh at 21000 strike followed by 8.56 Put writing at 21100 Strike. As the Option writing is widening up, the trade range is also widening between 21000 - 21100 support and resistance near 21600 - 21630 level. If...
NSE:BANKNIFTY Highest Combined Call and Put writing at 48000 strike with 19.88 Lakh Call and 18.88 Lakh Put writing. 2nd highest Call writing of 12.79 Lakh at 48500 strike and Put writing of 16.57 Lakh at 47500 strike. The Support level is shifting up. If Index crosses 48250 and sustain then it may go near near All Time High (ATH) resistance near 48600 level....
NSE:NIFTY Highest Call and Put writing is at 22500 strike with 35.99 Lakh and 35.36 Lakh Put. 2nd highest Call writing of 30.43 Lakh at 22600 Strike and Put writing of 29.31 Lakh at 22300 strike. As Index has touched nea All Time High (ATH), Index may face resistance near 22625 level and if it crosse the resistance sustain with unwinding of Call at 10500 and...
In the Weekly Chart of METROPOLIS , we can see that, it has created a Decision making OR Halt candle near resistance. Enter on breaking its High with low as SL.
In the Weekly Chart of IGL , we can see that; Bullish momentum has started from 400 levels by creating a Pinbar. Expected momentum is shown in chart.
In the Weekly Chart of ASAHIINDIA , we can see that; it has respected the Trendline. It might take halt and spend some time of 2-3 weeks near trendline and then give strong breakout. Expected momentums are shown in chart.
In the Weekly Chart of BASF , we can see that, it has shown a strong bullish momentum. It might retest the 3500 levels to take a halt. Expected momentums are shown in chart.
In the Weekly Chart of BAJAJFINSV , we can see that, it has become bullish. Let it retest the trendline. Expected momentum is shown in chart.
In the Weekly Chart of IEX , we can see that, it has started to be bullish with strong candle. Expected momentum is shown in chart.
In the Weekly Chart of RCF , we can see that; after the failure of its retesting, It has shown a recovery in W pattern. Let it retest the same Trendline. Expected momentum is shown in chart.
In the Weekly Chart of VOLTAS , we can see that; it is very bullish it might retest the trendline.
In the Weekly Chart of AUBANK , we can see that, it has shown a strong up move. possible momentums are shown in chart. Posted this chart last when it made a Decision making candle on Support.
NSE:HDFCBANK Guys Add to your Watchlist HDFCBANK Waiting for Breakout Muliplr Time Rejection at the Marked area to watch
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...
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...
Refer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any...