Support and Resistance
Tech Mahindra Ltd view for Intraday 3rd October #TECHMTech Mahindra Ltd view for Intraday 3rd October #TECHM
Buying may witness above 1644
Support area 1620. Below ignoring buying momentum for intraday
Selling may witness below 1599
Resistance area 1620
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
GNFC Ltd view for Intraday 3rd October #GNFCGNFC Ltd view for Intraday 3rd October #GNFC
Buying may witness above 703
Support area 693. Below ignoring buying momentum for intraday
Selling may witness below 693
Resistance area 700-703
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
TATA Motors Ltd view for Intraday 3rd October #TATAMOTORSTATA Motors Ltd view for Intraday 3rd October #TATAMOTORS
Buying may witness above 973
Support area 965. Below ignoring buying momentum for intraday
Selling may witness below 955
Resistance area 965
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Jindal Steel and Power Ltd view for Intraday 3rd October #JINDALJindal Steel and Power Ltd view for Intraday 3rd October #JINDALSTEL
Buying may witness above 1043
Support area 1035. Below ignoring buying momentum for intraday
Selling may witness below 1025
Resistance area 1035
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Balrampur Chini Mills Ltd view for Intraday 3rd October #BALRAMCBalrampur Chini Mills Ltd view for Intraday 3rd October #BALRAMCHIN
Buying may witness above 684
Support area 675. Below ignoring buying momentum for intraday
Selling may witness below 675
Resistance area 684
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
BANKNIFTY 1HRSWING TRADE
BANKNIFTY LOVER
TRADE FOR OPTION BUYERS..
- EARN WITH ME DAILY 10K-20K –
BANKNIFTY Looking good for Downside..
When it break level 52916 and sustain.. it will go Downside...
SELL @ 52916
Target
1st 52562
2nd 52249
FNO
BANKNIFTY OCT FUT – LOT 9 (Qty-135)
BANKNIFTY OCT 53700 PE – LOT 9 (Qty-135) – PRICE (903.60)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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POLYCAB - Consolidation -Breakout -DailyThe chart for Polycab India Ltd. (POLYCAB) from October 2, 2024, reflects a strong breakout above resistance levels with significant momentum. Here's a breakdown of key observations:
Resistance Breakout: The stock has decisively broken above the resistance level around ₹6,905 with a strong bullish candle, closing at ₹7,326.55, marking a 5.34% gain for the day. The stock was previously consolidating within a range, but the breakout is accompanied by increased volume, which strengthens the move.
Potential Target: Based on the breakout, the stock could test higher levels, potentially reaching around ₹7,672 (upper green resistance zone), indicated by previous high zones or Fibonacci extensions.
Volume and Momentum: The volume bars indicate strong buying interest, confirming the breakout. The RSI (Relative Strength Index) shown at the bottom also supports bullish momentum as it is nearing the overbought zone, signaling strong upward momentum but also a potential caution for profit booking in the near term.
Support Levels: The immediate support is around ₹6,902. If the stock faces a pullback, this level might act as a key support zone. Below that, ₹6,146 would be the next significant support level.
The chart shows strong bullish sentiment, and the momentum might push the stock higher unless profit-booking or external market factors interfere.
Gold simce war started so buy on dip until 75000 not breakDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty 50 analysis#Nifty50 #Options
OI Data Outlook:
• With 25,900 CE and 26,000 CE showing substantial OI buildup, the upside is expected to face significant resistance around these levels.
• On the downside, support is spread across 25,600 and 25,350, with 25,750 offering some minor support as well.
BankNifty Intraday Support & Resistance Levels for 03.10.2024On Tuesday, BankNifty opened gap down, bounced to a high of 53,235.25, and fell to a low of 52,817.80 before closing at 52,922.60, losing 55 points from the previous close. It broke the 125m Demand zone (52,847.90 - 53,136.10) mentioned in the last post, but managed to close inside the zone. As highlighted earlier, if BankNifty breaks below 52,847 with volume and sustains, further declines towards 52,285 could be expected. The Weekly and Daily Trends (50 SMA) remain positive. The demand and supply zones remain unchanged.
Demand/Support Zones:
Near Demand/Support Zone (125 min): 52,847.90 - 53,136.10 (current price inside the zone)
Far Demand/Support Zone (Daily): 51,643.95 - 52,484.60
Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15
Supply/Resistance Zones:
Near Supply/Resistance Zone (75 min): 53,763.20 - 53,945.10
Far Supply/Resistance Zone (75 min): 54,152.50 - 54,338.70
Nifty Intraday Support & Resistance Levels for 03.10.2024On Tuesday, Nifty opened with a gap down, hitting a high of 25,907.60 before dropping to a low of 25,739.20. It ultimately closed nearly flat at 25,796.90, losing just 13 points from the previous close. The Weekly and Daily Trends (50 SMA) remain positive. The Demand and Supply zones for Nifty are unchanged from the last post.
Demand/Support Zones:
Near Demand/Support Zone (Daily): 25,285.55 - 25,611.95
Near Demand/Support Zone (125 min): 25,376.05 - 25,453.70
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Supply/Resistance Zones:
Near Supply/Resistance Zone (30 min): 25,943.15 - 25,995.00
Far Supply/Resistance Zone (125 min): 26,151.40 - 26,230.80
Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
Vedanta Stock :- Vedanta
Trend:- positive
Setup :- symmetrical traingle breakout and all time high breakout
Timeframe:- daily
Buy :- at current price with split capital form
Stoploss:- 486
Target :- 10 % from entry price
NOTE :- PLEASE CONSULT YOUR ADVISOR BEFORE INVESTING IN STOCKS WHICH I RECOMMENDED
DLF honoring weekly supertrendSince 2021 DLF has been taking support of weekly supertrend.
This time also it has done the same. Target and SL are on chart. Currently SL/risk will be high.
One can Wait for dip to enter with small SL.
---
I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Mighty Nifty - Oct 3Price was consolidating in a range on monday. This consolidation can lead to rounding bottom pattern mostly if it sustains the current level.
Pattern : Support/Resistance.
Range : Good.
Trend strength : Normal.
Buy Above : 25820.
Stop Loss : 25780.
Targets : 25860, 25900, 25940 and 25980.
Sell below : 25740.
Stop Loss : 25780.
Targets : 25700, 25660, 25620 and 25590.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
BHARTIARTL // level // 1d(BHARTIARTL), you can follow this structured approach:
Support Levels
Recent Lows: Identify significant low points over the past few weeks or months. For example, if BHARTIARTL recently dipped to around ₹700, that could serve as a support level.
Moving Averages: Check the 50-day and 200-day moving averages, as these can act as dynamic support levels.
Previous Support Areas: Historical price levels where the stock has previously bounced back can also indicate potential support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. If BHARTIARTL peaked at around ₹800, that could serve as a resistance level.
Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance.
Psychological Levels: Round numbers like ₹750 or ₹850 often act as resistance.
Example Analysis (Hypothetical)
Support Level: ₹700 (recent low)
Resistance Level: ₹800 (recent high)
DLF // LEVELS 1Dsupport and resistance levels for DLF Limited (DLF), here’s a structured approach:
Support Levels
Recent Lows: Identify significant low points over the last few weeks or months. For example, if DLF recently dropped to around ₹350, that could serve as a support level.
Moving Averages: Check the 50-day and 200-day moving averages, which can act as dynamic support levels.
Previous Support Areas: Historical price levels where the stock has previously bounced can also indicate potential support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. If DLF peaked at around ₹400, that might serve as a resistance level.
Trend Lines: Drawing trend lines across recent highs can help visualize potential resistance areas.
Psychological Levels: Round numbers like ₹375 or ₹425 often act as resistance.