BankNifty levels - Oct 03, 2024Utilizing 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 levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
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Support and Resistance
PIXTRANS range breakout possible
#PIXTRANS range breakout possible
• Breakout level marked with horizontal
⚫ some changes are made by the company in management
⚫ may be some consolidation then breakout
It's not a buy/sell recommendations.
Sharing only for educational purposes do your own research before investing
#NTPC Support & Resistance #NTPC
Trend: Strong bullish momentum with a breakout.
Chart Pattern: Breakout above ₹430 with increased volume.
Resistance Levels: ₹460-₹465 (immediate), ₹480-₹490 (next).
Support Levels: ₹430 (immediate), ₹400 (stronger).
Volume Spike: Current volume around 20.9 million, above 15-day average of ~14million.
Recommendation: Buy on pullback around ₹430-₹435 or current price for swing
trade.
GAIL Support & Resistance #GAIL
Current Price: ₹240.29
Trend: Strong uptrend; RSI, CCI, and STOCH RSI indicate bullish momentum
Chart Pattern: Breakout past ₹230 resistance, signaling further potential upside.
Support Levels: ₹233.35, ₹229.73, ₹227.45
Resistance Levels: ₹239.25, ₹241.53, ₹245.15
Volume: 29.2M (Sept 30), supporting the breakout
Recommendation: Buy near ₹233; target ₹245-₹250 for swing trade.
ICICI Bank Itd view for Intraday 1st October #ICICIBANKICICI Bank Itd view for Intraday 1st October #ICICIBANK
Buying may witness above 1283
Support area 1270. Below ignoring buying momentum for intraday
Selling may witness below 1259
Resistance area 1270
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,
HDFC Life Insurance Company Ltd view for Intraday 1st October #HHDFC Life Insurance Company Ltd view for Intraday 1st October #HDFCLIFE
Buying may witness above 726
Support area 720. Below ignoring buying momentum for intraday
Selling may witness below 711
Resistance area 720
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,
Syngene International Ltd view for Intraday 1st October #SYNGENESyngene International Ltd view for Intraday 1st October #SYNGENE
Buying may witness above 903
Support area 890. Below ignoring buying momentum for intraday
Selling may witness below 892
Resistance area 900
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,
Indraprastha Gas Ltd view for Intraday 1st October #IGLIndraprastha Gas Ltd view for Intraday 1st October #IGL
Buying may witness above 562
Support area 553-555. Below ignoring buying momentum for intraday
Selling may witness below 553
Resistance area 560
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,
Godrej Consumer Products Itd view for Intraday 1st October Godrej Consumer Products Itd view for Intraday 1st October #GODREJCP
Buying may witness above 1401
Support area 1390. Below ignoring buying momentum for intraday
Selling may witness below 1374
Resistance area 1390
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,
Finnifty - Oct 1Price is consolidating after giving good fall. Sustaining above the current level is important to be bullish.
Buy above 24720 with the stop loss of 24680 for the targets 24760, 24800, 24840 and 24880.
Sell below 24640 with the stop loss of 24680 for the targets 24600, 24560, 24520, 24480 and 24400.
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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.