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HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
TIDEWATER - Bullish Ingulfing Pattern Formed at Support LevelTide Water Oil Co. Ltd. is a top company that makes and sells lubricants in more than 65 countries worldwide. In India, it has been serving the automotive and industrial markets since 1928 with its brand "Veedol." * Stock is already in uptrend and is now facing a minor correction. * In the last trading session it has formed a bullish engulfing pattern at support level of 2200- 2225. * If you look at the weekly chart and draw a Fibonacci retracement, then the current price level 0.5 level of Fibonacci retracement, which is another good sign as it acts as major support level. * Both FII and DII has increased their stake in the stock in June quarter vs March quarter. FII - 1.98% in June VS 1.51% in March DII - 1.23% in June VS 1.22% in March * We can expect a short term up move up to 2500,2600, 2700 levels in 4 to 8 weeks time period.
NSE:VEEDOLLong
by Profit_Trader25
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119. After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal. A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
NSE:NHPCLong
by eastwind65
Bitcoin: BTCUSD bulls take a breather as FOMC week beginsBitcoin (BTCUSD) has been under pressure for the third consecutive day as traders cautiously approach a crucial week. After briefly halting a two-week losing streak, Bitcoin is struggling once more as everyone eyes the Federal Open Market Committee’s (FOMC) September policy announcement set for Wednesday. Bitcoin buyers lack conviction Be it the repeated reversal from a seven-week-old descending resistance line or bearish MACD signals, Bitcoin (BTCUSD) sellers appear flexing muscles ahead of this week’s key US Federal Reserve (Fed) Interest Rate Decision. It’s worth noting, however, that a weeklong bullish trend channel joins a convergence of 50 and 100 Exponential Moving Average (EMA) to restrict the short-term downtrend of the top-tier cryptocurrency pair. Key technical levels to watch Firstly, a convergence of the key EMAs and the aforementioned bullish channel’s bottom line offers an important challenge to the BTCUSD sellers around the $58,350-200 zone. Following that, Bitcoin sellers can aim for an eight-day-old horizontal support surrounding $55,600. If the bears keep the reins past $55,600, the monthly of nearly $52,550 and the $50,000 threshold will be in the spotlight. On the upside, Bitcoin will first encounter resistance around $60,000 and a downward trend line near $60,300. A successful break above this could lead to testing the bullish channel's top line around $61,900 and the $62,000 mark. BTCUSD sellers to keep the reins Bitcoin sellers remain in control, with the cryptocurrency facing significant resistance and a long, uncertain path ahead.
BITSTAMP:BTCUSD
by MTradingGlobal
XAUUSD - Identifying the Bias of Reaction Zones/LinesThis is how I determine the trend when the price reacts at a reaction zone or line. I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias. The plan was to take profit and then sell, but it seems the reaction in this zone was too strong, and the price moved quickly, leaving no time to enter the trade. The Chartist
OANDA:XAUUSD
by TheChartist_Code2trade
Nazara TechnologyWe are closely following Nazara Technologies and believe it’s poised for a breakout based on its technical patterns. Consolidation near resistance often suggests a potential for a breakout if the price action confirms it. If Nazara Technologies breaks through the 1020 level, it could indeed pave the way for further upside, potentially reaching your targets of 1350, 1500, and 1650+. It’s always good to keep an eye on broader market conditions and any company-specific news that could impact the stock’s performance. Additionally, setting stop-loss orders or having an exit strategy in place might help manage risk if the price movement doesn’t go as expected.
NSE:NAZARALong
by Arvind_Share_Academy
Technical Analysis for Barbeque Nation Hospitality Ltd.Technical Analysis for Barbeque Nation Hospitality Ltd. (BARBEQUE): - **Time Frame:** Weekly chart - **Trade Type:** Swing trade for 6-12 months - **Entry Strategy:** Buy at Current Market Price (CMP) ₹626.60 - **Stop Loss (SL):** ₹539 for risk management - **Targets:** - Target 1: ₹1022 - Target 2: ₹1190 - **Risk-Reward Ratio:** Favorable Monitor price action closely, particularly during the retest of the breakout. Adjust strategies based on market dynamics. #BarbequeNation #TechnicalAnalysis #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy #BreakoutTrading
NSE:BARBEQUELong
by hunterhunt777
Adani Energy - Heavy Supp & Ress with 4 yr long Fibonacci SetupAnalysed the Adani Energy solutions on a weekly chart there is a 4 year long gap to be filled - Fibonacci setup. However from last 1 year, the price has been seeing a heavy resistance and support at the entry zone, which somehow makes the entire Fibonacci setup little week. The coming week or two, may still see a downfall and hot the support level of 975-970, if continued, it may hit a second resistance of 955-950. at this stage, the trend is also hanging towards more sellers keen to liquidate their positions. Hence this may drive the price downwards towards its support. Once the price sustain the support level, price may hit its first sub resistance of 1190. It may also continue to hit its second main resistance level of 1265 I shall keep updating the weekly analysis.
NSE:ADANIENSOL
by Beside9
BankNifty Intraday Support & Resistance Levels for 26.08.2024On Friday, BankNifty reached a high of 51117.85 but retraced to close at 50933.45. Despite breaking above the 75m supply zone, BankNifty closed inside the zone. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. The demand and supply zones are unchanged from the previous post. Support Levels: Near Demand/Support Zone (30m): 50393 - 50507 Near Demand/Support Zone (30m): 49806 - 50017 Far Demand/Support Zone (125m): 49681 - 49797 Far Support Level: 49660 (Double bottom on the daily chart) Resistance Levels: Near Small Supply/Resistance Zone (75m): 50915 - 51018 (current price is inside the zone) Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 21.08.2024On Tuesday, BankNifty surpassed the 50750 resistance level, reaching a high of 51025 before closing at 50803.15, gaining 434 points. Notably, this is the first time since 2nd August that BankNifty has closed above 50800. The weekly trend (50 SMA) remains positive, and the daily trend (50 SMA) has shifted from negative to sideways. Support Levels: Near Demand/Support Zone (30m): 50283 - 50423 Far Demand/Support Zone (30m): 49806 - 50017 Far Support Level: 49660 (Double bottom on the daily chart) Far Support (FIBO 61.8% Level): 48858 Resistance Levels: Near Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609 Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 21.08.2024On Tuesday, Nifty opened with a gap up and maintained its bullish momentum, reaching a high of 24734.30 before closing at 24698.85. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (30m): 24389 - 24443 Far Demand/Support Zone (15m): 24204 - 24275 Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (75m): 24754 - 24835 Far Supply/Resistance Zone (125m): 24956 - 25031
NSE:NIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 20.08.2024On Friday, BankNifty opened with a gap up but failed to cross the near resistance at 50750, dropping over 440 points from the day’s high before closing at 50368.35, losing 148 points from the previous close. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is negative. Support and resistance zones remain unchanged from the last post. Support Levels: Near Demand/Support Zone (30m): 49806 - 50017 Far Support Level: 49660 (Double bottom on Daily Chart) Far Support: 48858 (61.8% FIBO Retracement of the rally from 46078) Resistance Levels: Near Resistance Level: 50750 Far Supply/Resistance Zone (125m) for Weekly Trade: 51309 - 51609
NSE:BANKNIFTY
by PriteshPalan