Supportzones
Nifty 50 Levels For 11th September Previous Day Market Close at Spot 19819
For tomorrow Fast #Resistant is 19850 If the Market Open Gap-up and gets support from 19850 then We Can see an upside move up to
#Level 20,000
As Per OI Data Market Has #Resistance at 19900 and big #resistance at 20000
And Downside Big Support is19700 and 19600 As per OI Data
For tomorrow If Nifty again Breaks 19800 Levels Then the Market Can Fall up to 19733
If the Market Open a Gap-up and Trade below19819 then We Find A Downside Entry.
NOTE- Only for Education Purposes.
Please Give A Like If You Like
SBIN Daily looking bullishSBIN daily looking bullish, taking support from 200 ema, last swing low support.
Good to buy at 567 for target of 621 with sl below 554
*************************
This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NIfty View from today to one week on 30 mints chartGood Morning Guy's. I hope you all will be doing good in your trading and in your life journey as well.
Well today i have done analysis on Nifty for one week prediction, HIghest probability indicates that, we will break support zone of 19535-19565, in coming sessions and will go for our 3rd (19510) and 2nd (19421) targets. Well that is just a prediction, because on chart we are seeing a falling trendline and market is respecting the levels. So if nifty gives breakout and sustain the levels, then of course trend will be change and we can see new all time (20000+) very soon, but still according to data, it looks bearish.
If i talk about today's Global views, it is looking mildly bearish. So for intraday, we will act according to today's data.
I have written almost everything on chart. But writing the levels here too for the reference.
IMPORTANT LEVELS FOR NIFTY:-
Buy above 19789, if levels got sustains at least for 30 mints.
Targets will be for upside 18856/19939++
Keep stop loss at 19681
Sale below 19676, if levels got sustains at least for 30 mints.
Target will be for downside 10628/19555--
Keep stop loss at 19789
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
PETRONET LNG : TRIPLE BOTTOM PATTERN WITH HAMMER AT SUPPORTPetronet LNG :
Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00
Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 .
This study is only for education purpose and should not be considered as a tip to buy or sell any stock.
Good luck !!!
BANKNIFTY LEVELS 02/05/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level.
2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss.
3. Consolidation may occur in between 43065 - 43295 levels.
4. If price opens on a flat note no trades shall be taken until it breaks 43065 level with strong bearish candle, we will short our positions up to 42550 level.
Have a safe and profitable day :)
MAHINDRA AND MAHINDRA : HOLD SET UPMahindra and Mahindra Limited is an India-based company that is primarily engaged in the mobility products and farm solutions. The Company’s segments include Automotive and Farm Equipment. On weekly time frame , the Chart is making a Broadening Triangle Pattern . A Broadening Triangle Pattern can be characterized as a bullish reversal pattern. This pattern is created when the highs become progressively higher, and the lows become progressively lower. This creates a "broadening" effect on the chart. The occurrence of this pattern indicates that selling pressure is weakening, and buyers are starting to step in. A breakout above the resistance level signals a potential trend change. The pattern is said to get its name because the chart looks like a broadening formation. Sometimes this pattern is called a megaphone bottom or a reverse symmetrical triangle. . While this pattern looks bearish at first, it's actually a bullish sign. It indicates that the stock is gaining momentum and is likely to continue to move higher. This is a great opportunity to get in on the action and reap the rewards of a market reversal. Once you see that the stock price is rising above the support level as it is happening in our case, it is a good time to buy. The broader is the triangle , higher is the probability of break out, through the top of the pattern.
CMP : 1185.50
PRIMARY TARGET : 1410.10
STOP LOSS : 1122.00
Risk Reward Ratio ( 63:225 ) = 1:3.6
RSI (14) = 46.30 (< 80 )
ADX (Directional Strength ) = 42.56 ( > 20 )
ATR : 23.93 ( Less Volatile )
50EMA(Weekly Time Frame ) : 1179.00 ( Support )
Exit , once our primary Target is achieved .Then , we wait for the confirmation of breakout /breakdown. Re-Enter the trend after CONFIRMATION OF BREAK OUT/BREAK DOWN accordingly.
Bitcoin Trend AnalysisBitcoin is at support level. The risk is less if we enter on the support line with a stop loss.
The Risk to reward ratio is good.
There is a possibility of death cross which makes the stop loss more important.
This is only for educational purpose.
I spend good amount of time in analysis and feel happy to share it with a large group.
INDUSD(Nifty50) is at supply zonehello everyone! Its the end of year and here we are at a major supply zone. market is moving in a clear 3 wave motion. this could be an ending diagonal (final 5th wave in Indian market history which can lead to huge correction) or a leading diagonal of 5th wave. lets wait for the market makers to decide their long term move. But for time being lets focus on short term view which is being projected to 19400. wait for a reversal to enter, if you are an aggressive trader. conservative traders can wait for A and B wave to complete before entry.
Will nifty take support from current level ?Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
#POWERINDIA at key support zone; abv 3036 tgt 3400#POWERINDIA back at 1 yr support level 2850-2900 levels.
After 8 weeks of consecutive downtrend, the stock has taken support for last 2 weeks.
if stock manages to trade Above 3036, stock will attempt to retest 3400 on #candleshunting in weekly charts