Double Bottom pattern has been formed on Tata Chemical breakout of the neckline will result in a bullish movement. Expected Targets are: TP1 - 1028.85 TP2 - 1037.10
Ascending Channel along with Double Top has been formed on HINDALCO. In case of Downside Breakout expected target is 432.60
Banknifty has been trading between 38.2% to 50% fibonacci level and remained volatile whole day. The market is taking serious resistance from 45k level and today also it tried to cross the level and reversed after hitting the resistance zone of 45100 level. On the hourly chart, banknifty remained between both the moving averages and gave dji after doji. Trend...
Market remained in the same range as yesterday and killed option buyer. Nifty for 2 days have been range bound. Today range was 19630-530 and in the second half of the session market remain silent. On the hourly charts, nifty took support from 20 ema and closed above both the moving averages. After a gap up opening market came for selling and reversed after...
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...
Taken GJ buys onion during London session after m30 formed support, did not go well
Dixontechnology is breaking H&S pattern on weekly chart #postionaltrade trading above 20week ema educational idea only
Bank Nifty Actionable Idea #Current Price- 44837 #Resistance- 44903 #Support- 44783 #Target 44998 And 45089 we can expect after a break of Resistance #Target 44713 And 44634 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...
Nifty Finance Spot Actionable Idea (Weekly Expiry) #Current Price- 20022 #Resistance- 20044 #Support- 19986 #Target 20088 And 20128 we can expect after break of Resistance #Target 19941 And 19896 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...
Nifty Spot Actionable Idea #Current Price- 19597 #Resistance- 19619 #Support- 19566 #Target 19675 And 19714 we can expect after a break of Resistance #Target 19532 And 19494 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...
FINNIFTY Expiry Day (8th Aug) Support and Resistance Reversal Levels
Gap down opened on 27.07.2023 after earning a report on that day indecision in market participants formed a neutral candle at both sides and tried to break the zone. On 28.07.2023 candles just formed inside the previous day candle show signs of aggressive sellers absence. On 31.07.2023 buyers entered the zone and drove the price above 27.07.2023 open shows +ve...
Electrosteel Castings Ltd CMP : 60.60 1) Stock has broken out above crucial resistance zone and multi year highs 2) Price is consolidating since the last two months between the range of 55 to 65 3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels 4) Overall long term structure is very pullish and stock should find...
Swing trade opportunity in LINCOLN. Entry - 385 Target - 450 DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Nifty Levels 19625 Above Long Targets 19680,19725,19790 19560 Short Targets 19475,19450,19380 Check price action on entry levels
Bank Levels 45000 Above Long Targets 45100,45250,45400 44800 Below Short Targets 44700,44550,44300 Watch price action on entry levels
Breakout of the resistance zone will result in a bullish movement. Expected Targets are: TP - 90