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Technical

Nifty Level For Tomorrow ( Price Action Analysis)If Tomorrow Market Open Above 15900 and Taking Support at 15880 Then GO Long AFTER 15 Min Candle High Breaks. iF market open below 15840 then Go short for 50-80 Point Down and If given support breaks then second support is 15700 Or If Market Open Flat Then Avoid trade if the given level breaks then take trade with Proper Risk Management All Advice is given for Educational Purpose Do Concern your Financial Advisor before taking any decision Major Resistance:- 15990 Minor Resistance:- 15900 Major Support :- 15600 Minor Support :- 15690 Have A Wealth Tading
NSE:NIFTY
by Mayurnavhale
Bank Nifty Level for Tomorrow ( Price Action ) If Tomorrow Market Open between 34860 -35180 Then Go Short for 100-200 Point. If Market Taking Support of 34860 then go long for 50-60 Point If Market opens on given support 34300 then go long if opening 15 min candle high breaks. If Market go side ways at given level 34300 level then avoid Trade . If given level breaks then take Trade With Proper Risk Management Major Support:- 34050 Major Resistance:-34860 ,35180 Do Concern your Financial Advisor Before taking any decision
NSE:BANKNIFTY
by Mayurnavhale
Nifty Level For Tomorrow ( Price Action Analysis),IF MARKET OPEN 15690 AND TAKING SUPPORT THEN GO LONG UPTO 1574. IF MARKET BREAK THIS LEVEL THATS IS 15690 THEN GO SHORT For 50-80 Point Down Or IF Market Open on 15748 then Go Short For 100 Point Down If LEVEL BREAKS THEN CONTINUE IF mARKET GO SIDE WAYS THEN DONT TRADE IF LEVEL BREAKS THEN TAKE TRADE MAJOR RESISTANCE:- 15750, 15900 MAJOR SUPPORT :- 15680 ,15600 ,15531 ALL Advice is given for Educational Purpose Analysis Based on Purely Price Action.........
NSE:NIFTY
by Mayurnavhale
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date.
NSE:ELGIEQUIPEducation
by culturalDealer79974
2
DLF 10 YEARS BREAKOUT [ COMMING OUT OF HIBERNATION]DLF Has given a big breakout after almost 10 years of consolidation.. Though the breakout happened earlier it got failed because of covid second wave. It has formed a big base at the bottom and usually the more bigger the base , the bigger is the upward move. Its like constructing a building , the bigger the base below the ground the stronger and taller is the building. Real estate sector is in boom. There are few reasons behind it. First of all RERA Act has reduced a lot of uncertainty and fraud in the sector. The owner of the land are looking for bigger developers . Developers now have to open a escrow account for all transaction and make particular compliance certificates for environmental, fire , legal etc. Skilled and educated people are now working and are being employed , where as earlier all unskilled people where working. The real estate sector is at almost rock bottom, so valuations are good. This sector can take time to move but looks really good both fundamentally and technically. The Stock can take time to move Bearing the fact that there have been problem in this sector and company. But the targets are very high.
NSE:DLFLong
by adarshmanojsingh
My trade setup in BankNifty Futures for 12th June 2021My trade setup levels are created as below in BankNifty Futures for 12th June 2021. The Key target levels will be at High - 35680, Low 34760..if market breaks these levels, expecting the market go beyond in double the speed. Expecting Movements... Opening will be Flat or Downside Down move till 10.45 am Upmove or Sideways 10.45am to 12.15pm Again Down move till 2.30pm Again Recovery till 3.30pm Close near at Low of the Opening level of today **** May be a significant fast-fall today
NSE:BANKNIFTYN2021
by Uppada_Raghukumar