Alkem Laboratories Ltd - Breakout Setup, Move is ON...#ALKEM trading above Resistance of 5578
Next Resistance is at 7474
Support is at 4565
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Techincalanalysis
Banknifty Long Levels Certainly! Let’s take a look at the recent levels for the BANKNIFTY index. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated. Here are some key points:
July 31 Levels:
Price range: 51250 to 51900
Buy above: 51360
Stop loss: 51280
Targets: 51440, 51520, 51600, 51720, and 51800
Sell below: 51220
Stop loss: 51300
Targets: 51160
August 7 Levels:
Price range: Support zone
Buy above: 49860
Stop loss: 49780
Targets: 49940, 50020, 50100, 50220, and 50400
Sell below: 49640
Symmetric Triangle Targets Met:
Bank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days.
Immediate support: 49,620
Immediate resistance: 50,420 and 50,700
Intraday Trade Setup for August 5, 2024:
Bullish above: 51610
Invalid below: 51500
Targets: 52137
Bearish below: 51080
Invalid below: 51190
Targets: 50550
Bearish Divergence:
The RSI reading on BNF shows bearish divergence, which may lead to a test of Fibonacci retracement levels around 49650.
Banknifty levels for Intraday Trader'sCertainly! Let’s take a look at the recent levels for BANKNIFTY, the index representing the banking sector in India. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated.
Here are some key data points and recent analysis for BANKNIFTY:
TradingView Chart:
Price Range (July 31): BANKNIFTY was moving within the range of 51,250 to 51,900.
Pattern: Range
Trend Strength: Normal
Buy Above: 51,360
Stop Loss: 51,280
Targets: 51,440, 51,520, 51,600, 51,720, and 51,800.
Sell Below: 51,220
Stop Loss: 51,300
Targets: 51,160
Google Finance Data:
Previous Close: ₹50,119.00
Day’s Range: ₹49,829.60 - ₹50,440.75
52-Week Range: ₹42,105.40 - ₹53,357.70
TradingView Intraday Levels (August 6, 2024):
Buy Above: 50,100
Stop Loss: 49,890
Targets: 50,250, 50,400, 50,550
Sell Below: 49,890
Stop Loss: 50,100
Targets: 49,700, 49,530, 49,290
No Trade Zone: 49,890 to 50,100
Previous Day High: 50,780
Previous Day Low: 49,700
EquityPandit Data:
Today’s Low/High: ₹51,087.85 / ₹51,608.70
52-Week Low/High: ₹42,105.40 / ₹53,357.70
Remember that these levels are based on technical analysis and historical data.
PCR For Intraday Option's Trader Certainly! The Put-Call Ratio (PCR) is a statistical indicator used in options trading to gauge market sentiment. It compares the trading volume of put options (which give the right to sell an asset at a predetermined price) to that of call options (which give the right to buy an asset at a predetermined price) for a specific underlying security (such as a stock or ETF) within a given timeframe (usually a day or a week). The formula for calculating the PCR is:
PCR=Call Option OI / Put Option OI
Here’s what it tells us:
A rising PCR (greater than 0.7 or exceeding 1) indicates that traders are buying more puts than calls. This suggests bearish sentiment, as investors may be speculating that the market will move lower or hedging their portfolios against a potential sell-off.
A falling PCR (below 0.7 and approaching 0.5) is considered a bullish indicator. It means more calls are being bought relative to puts, signaling optimism about a bull market ahead.
Remember that the put-call ratio can be influenced by recent events, earnings reports, and overall market conditions.
PCR (PUT CALL RATIO) With Professionals The Put Call Ratio (PCR) is a tool in the stock market to understand how investors feel about a stock or the market's future. It compares the number of put options to call options traded. More puts traded mean investors expect prices to fall (bearish). More calls traded mean investors expect prices to rise (bullish).
PCR is also considered as a contrarian indicator which helps traders not to get caught in the herd mood of the market. Based on the extreme PCR ratio, the trader might take a call to buy or sell against the prevailing mood of the market
KFin Technologies Ltd - Breakout Setup, Move is ON...#KFINTECH trading above Resistance of 747
Next Resistance is at 994
Support is at 604
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Option Trading with Professionals Options are financial contracts that give the holder the right (but not the obligation) to buy or sell a financial instrument (like stocks, funds, commodities, or indexes) at a specific price within a certain time frame.
There are two main types of options:
Call options: Give the right to buy the underlying asset.
Put options: Give the right to sell the underlying asset.
Options derive their value from an underlying asset, and a stock option contract typically represents 100 shares of the underlying stock.
Key Features of Options:
Strike Price: The price at which an option can be exercised.
Expiration Date: The date at which an option expires and becomes worthless.
Option Premium: The price at which an option is purchased.
ICICIBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the ICICIBANK :
Intraday Trading Levels:
For intraday trading in ICICIBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
HDFCBANK 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the HDFCBANK :
Intraday Trading Levels:
For intraday trading in HDFCBANK , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Reliance 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Reliance :
Intraday Trading Levels:
For intraday trading in Reliance, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Nifty-50 1 hour Levels for swing Traders #Option's Certainly! Here are the intraday trading levels for the Nifty-50 :
Intraday Trading Levels:
For intraday trading in Nifty-50 , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
CNXIT or Nifty-IT Levels For Swing Trader's #stocksCertainly! Here are the intraday trading levels for the CNXIT or Nifty-IT :
Intraday Trading Levels:
For intraday trading in CNXIT or Nifty-IT , consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Sensex Levels for Intraday Traders #StocksCertainly! Here are the intraday trading levels for the SENSEX index:
Intraday Trading Levels:
For intraday trading in Sensex, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
Bank-nifty 1 hour Levels for swing Traders #Option'sCertainly! 🚀 The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key details and recent trends:
Current Price and Range:
As of the latest data, the Bank Nifty is trading around 51,295.95.
The day’s range has been between 50,438.30 and 51,398.60.
Recent Performance:
Over the past:
1 day: Up by 0.84%
5 days: Up by 0.35%
1 month: Down by 1.96%
6 months: Up by 12.29%
Year to date: Up by 7.54%
1 year: Up by 13.82%.
Intraday Trading Levels:
For intraday trading in Bank Nifty, consider the following levels:
Support & Resistance Trend Lines from Daily Chart: These trend lines provide important support and resistance levels.
Previous Day High (PDH) and Previous Day Low (PDL): These levels act as support and resistance during live market hours.
Remember that trading involves risks, and it’s essential to have a well-defined strategy and risk management plan.
NOTE
#This channel Purpose to share market ideas.
Thanks for Watching🙏
$ASX:GEM High Piotroski Score and Near Breakout OpportunityASX:GEM G8 Education is consolidating and is on the verge of a breakout after a long 4-year consolidation period. With impressive profit margins, a favorable P/E ratio relative to near-term earnings growth, and a very high Piotroski score, the stock presents a strong investment opportunity. Macquarie Group has added a higher ranking to G8 Education. The company operates in the education and childcare sector, which is consistently strong in Australia.
Fundamentals:
Impressive profit margin
Favorable P/E ratio relative to near-term earnings growth
Very high Piotroski score
Consistent profitable growth
Operates in the education and childcare sector, a consistently strong industry in Australia
Technical:
Consistent volume
Rising RSI
Likely breakout after 4 years of consolidation
ASX:GEM ASX:GEM
BANKNIFTY TRADING LEVELS FOR 01-08-2024Explanation:
This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit
This trading opportunity is based on volume, previous price, and price range , are included
Entry/Exit point's:
- It has very easy entry and exit points
- In this pair of lines with two colors are given (RED AND BLUE)
- In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan)
Stop Loss/Take Profit:
Stop Loss
- According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) )
- A short entry should use the opposite rules to a long entry
Take Profit
-When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit )
- Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry )
Timeframe:
According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this)
Risk Disclaimer:
Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading.
Engagement:
Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together.
What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders!
Comment below and let's get the conversation started!
Original Content:
This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
CAMS [strong multi-year breakout]The chart indicates a strong multi-year breakout with confirmation from the volume spike . Utilizing the pitchfan tool, the key levels and targets for swing trading have been identified. Always ensure proper risk management and keep an eye on volume trends to adjust your strategy accordingly.
Breakout Confirmation:
The price has broken above a significant resistance level as indicated by the upper blue pitchfan line.
The volume spike (as shown by the green arrow) confirms the breakout with strong buying interest.
2) Pitchfan Lines:
Pitchfan lines provide potential support and resistance levels. The price has successfully broken through multiple resistance lines, indicating strong upward momentum.
These lines can be used to identify future support levels in case of a pullback.
3) Support Levels :
The previous resistance levels, now turned support, will be crucial in case of a pullback. These are typically around ₹4000 and ₹3000 (orange and blue pitchfan lines respectively).
4) Targets:
Short-term Target: Aim for ₹5500
Medium-term Target: Aim for ₹6500.
5) Stop Loss:
Place a stop loss just below the nearest support level to manage risk. For example, just below ₹4000 or the nearest pitchfan support line.
6) Volume Consideration:
Continue monitoring volume to ensure the breakout is supported by strong buying interest. A decline in volume might indicate a potential reversal or consolidation.
7) Risk Management
Position Sizing: Use appropriate position sizing to manage risk, considering the distance to your stop loss level.
Trailing Stop: Consider using a trailing stop as the price approaches the 1st TRG and 2nd TRG to lock in profits while allowing for further upside potential.
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Styrenix Performance Materials Ltd - Breakout Setup, Move is ON.#STYRENIX trading above Resistance of 2485
Next Resistance is at 3295
Support is at 1675
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA
STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA.
The up move may continue with a slight doji-like candle.
134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive.
You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards.
LEVELS
-Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity.
-We are aiming for targets of 150, 158, and 170; short to semi-long term respectively.
-If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125.
Happy Trading :)
Indian Hume Pipe Company Limited - Breakout Setup, Move is ON...#INDIANHUME trading above Resistance of 410
Next Resistance is at 491
Support is at 296
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Anant Raj - Long Setup, Move is ON...#ANANTRAJ trading above Resistance of 323
Next Resistance is at 515
Support is at 202
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.