Bank Nifty Support and Resistance Zone (09/02/2024): #### Support Zone: 1. **Support Level 1:** 45,000 - A crucial support level. If the market trades below 45,000, it might signal a potential downside move. 2. **Support Level 2:** 44,400 - A significant support zone. If breached, it could lead to further downside movement. #### Resistance Zone: 1....
Banknifty is consolidating in a range for last two trading session and chances are of a trending market on the expiry. Vix is trading around 15, if it increases there will be another sideways market, else there can be a trend market if the Vix cools off. Still, it is taking rejection from the 20 ema on the hourly charts, even the closing is below it. In case of...
Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660,...
Looks like Policy Bazar will try to test the following targets, lets see if this happens Target1: 833 Target2: 940
Looks like Dr Reddys will try to test the following targets Target1 : 5625 Target2: 6205
Based on Support and Resistance and Pivot levels, I think PayTM will test the following targets. Target 1 -> 840 Target 2 -> 1000 Target 3 -> 1300 Lets keep an eye on this stock
The 18months correction seems ended in this stock, looks like this stock will test the following targets Target 1: 3614 Target 2: 4002 Target 3: 4639
Looks like JSW Steel has more chance to test 876 this year, it has support range 730-745 , hoping that it will respect the support, lets see what happens
Nifty50 Support And Resistance 9-Feb-24 Please find below simple resistance and support: Resistance: 21764 If crossed up then will see upward move as follows: T1: 21849 T2: 21915 Support: 21685 If crossed down then will see downward move as follows: T1: 21586 T2: 21520 This is only for education purpose. Do your own research before investing or...
Looks like RBL Bank will try to test the following targets Target 1: 218 Target2: 243
By seeing the trend lines and support and resistance, and also fib retracement, SBIN has the chance to test 628 first and 706 next this year
💎ZIL has recently broken out of a falling wedge pattern, forming a W pattern, and is currently consolidating on a bullish Order Block (OB). This consolidation suggests a potential bullish momentum, with expectations of a move towards the next resistance zone around 0.02105. 💎Confirmation of the W pattern and a safer trading opportunity would occur upon a breakout...
Long HAL @ CMP. Stoploss 2850 and Long April - 2024 Futures. Hold until it breaks previous candle low or previous market structure.
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...
BankNifty still trading in range 46050 above to below 45500-45600 area playing the extremes at high and lows of the range is good strategy to apply.Only after breakout this range a good move expecting until then play safe. Support are 45550 Sustains short Targets of 45400,45300,45150,45000 Resistance are 45850 Above long Targets of...
Nifty is trading zone better to wait for break out of this zone or play the extremes mentioned box in the chart gives you levels where to trade in case of range and break out of range above or below.
Technical View - Fresh Breakout After consolidating for almost 2 months. - High volumes Long view after breaking high of breakout candle or on Retest With candle low as stop loss. Only For Learning, Keep on radar. Happy Trading.