Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks. 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 in mind...
ICICI BANK Cmp 877 dated 31-3-2023 1. Trendline BO @ 878 2. H&S Pattern BO @ 870 3. RSI on verge of BO Buy above 880 for target 900-915-925 SL 860 It is just a view, please trade at your own risk.
Laurus Lab Cmp 305 dated 3-4-2023 1. Parallel Channel BO @ 300 (already done) 2. 50 % correction already done from highs. 3. RSI reversal & done BO Buy above 306 for tgt 320-330-345-360 SL 280 It is just a view, please trade at your own risk.
Muthooth Finance Cmp 1028 dated 10-4-2023 1. Triangle BO @ 1025 (Already done) 2. Doji Candle (high @1030) Buy above 1030 for target 1045-1055-1070-1105-1140 SL 1000 It is just a view, please trade at your own risk.
Max Health Cmp 479 dated 12-4-2023 1. Rectangle Consolidation BO @ 480 2. Price Rise with Volume Rise. Buy abv 487 for target 540 SL 465 It is just a view, please trade at your own risk.
Bata India Cmp 1459 dated 20-4-2023 1. Rectangle Consolidation BO done @ 1451 2. RSI BO Buy above 1470 (safe Trader) or risk taker can buy @ Cmp for target 1495-1555 SL 1420 It is just a view, please trade at your own risk.
Cummins Ltd 1566 dated 26-4-2023 1. Trendline BO @ 1570 Buy above 1570 for target 1600-1640-1660 SL 1545 It is just a view, please trade at your own risk.
MRPL Cmp 60.95 dated 27-4-2023 1. Channel BO @ 59.50 (done) 2. Price Rise with Volume Rise Buy above 62 for target 65-68-71 SL 56 It is just a view, please trade at your own risk.
BASF CMP 2373 dated 28-4-2023 Weekly Chart: Positional Call 1. Triangle Pattern formation 2. Making higher lows & taking support on trendline. Buy Above 2395 for target 2450-2600-2660-2700 SL 2290 It is just a view, please trade at your own risk.
Crude reaching at crucial support and demand zone where it rallied to higher levels, watch for 6000 area for positive price action to go long.
Monday Trading Plan for Nifty Future and Option Trading with Easy option Trading Strategy Support Zones for Nifty 1) 18445 - 18455 2) 18330 - 18337 3 18195 - 18205 Support Zones for Nifty 1) 18527- 18500 2) 18610 - 18600 3) 18727 - 18700 Nifty Open Interest Analysis PCR ratio as per Option Chain Analysis - 1.1 ( Bullish ) Max Pain As per...
Positive Signs: Bounced back from the Upward trendline running from October to May. Bounced back from the upper part of the flag pattern formed in the last quarter of 2022 Spent just a week below 50DMA & 200DMA and bounced back Negative Signs: Volumes are average Resistance around 385-400 price Recommendation: Sell near 385-400 resistance zone OR...
Everything mentioned in the chart. Price now in consolidation mode. Wait for Either Breakout or breakdown. It's not a buy or sell call. Just analyze the movement as per the support and resistance. Just for educational purpose.
IDFC FIRST BANK Short Term Trade IDFC FIRST BANK Formed a CUP Pattern If Cup Successfully Breakout then it will ready for up move other wise it will form a CUP & HANDLE PATTERN. Both side Trade Analysis shared.
Looks like the correction in Divislab moving towards 2200 level, if I'm not wrong there are probability for this stock to test 2780 as the first target and 2200 as the second target. We need to keep an eye on this stock in the coming days
Looks like nifty will test the following targets this week: Target1 -> 18383 Target 2 -> 18444 Target 3 -> 18488 Support 18300
Investment Stock - National Aluminium Key Points- Consolidation on Monthly TF 2nd swing break level. Weekly Inside candle breakout. Pros. (Financials) 1) Debt Free Company 2) Stock PE is around 10 and Industry PE is 24 3) Dividend % in last 5 years- (7-8%) 4) Stock is trading at 1.12 times its book value Cons. 1) No Sales growth from last 1 year.