Tomorrowstocks
PNB, Intraday View for 11-JuneToday we have a gravestone doji candle, which has been formed after a move of 23%.
Also the price is in a compression zone.
The price could test the support level S1-122 and if broken then S2-110.45
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
AXIS BANK Analysis for Short termIntraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them .
Support: 1092
Resistance: 1104
Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on shorts)
As expected if continue the downtrend price will be come at 1090. if near 1090 any bullish candle will be create at 15 or 30 or 45 min then buy .
Level 1090 was the Fibonacci retracement zone.
Bullish position will be create when price will be trade upper 1104.
Ashok Leyland Support BrokenAshok leyland opened flat but during today's session the price dropped more than 3%. A strong body red candle broke the support of 175.90 which is a shallow pullback retracement level of 23.60%. Also it's important to mention that the moving averages are in a bearish cross. So, all these indicate a downtrend. The next important level to consider is 166.80 which could act as a strong support.
Hit the like button!! Show some energy!!
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
BANKNIFTY FUTURE INTRADAY LEVELS FOR TOMORROW 27th MARCH 2023#BankNifty Future Analysis for #Tomorrow 27th March 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close (ZERO LINE) : 39358
#BankNifty Bulls can get active above 39490 For the #IntradayLevels towards 39597/39699/39791/39924
#BankNifty Bears can get active below 39270 For the #IntradayLevels towards 39260/39132/39033/38910
Disclaimer : All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
Cigniti Technology: Bullish breakout readyCigniti Technology (A Bangalore based AI company) has shown a very promising breakout structure after 10 months of rounding bottom formation.
Most likely their recent Q2 results has some spark in it.
Reasons:
High Volume
Rounding bottom formation since Dec'2021 and finally it's breakout ready.
Long with SL of 580, target: 640/660. CMP: 620
Laurus Lab: A sneak peak before FY22-23 Q2 ResultThere are two ways one can see the NSE:LAURUSLABS counter:
It has created a W pattern and the neck line is at 530-532 level.
An inverted Head&Shoulder patten is created with neck at 510 level.
So potentially if it stays above 532, can be go Long with the SL of today's Low 517.
But if it fails to sustain above 530 level, it will simply fall upto 510 level.
NTPC looks bullish above 164 onlyA classical Cup=and-Handle pattern is just completed. Volume is not that great, but moderately OK. The current level where it is closed is near a good resistance level. Trend is clearly up.
If if breaks about the high of 164, boom. SL : 156. (Target: Honestly I am not getting .. going back to the chart not helping me).
Just keep an watch on this .. if it goes above 164 (with higher volume that today), just go long.
Pidilite: Runaway Bullish formation before 10th Aug ResultsPidilite: Runaway Bullish formation before 10th Aug Results
Bullish breakout from a long term rounding bottom formation with very high positive volume.
Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon.
A 6months old resistance line is decisively broken this time, after testing thrice.
Most likely the Q1 result will be a bumper result (on next Wednesday).
Cumulative Open Interest (COI) is pretty high and showing long buildup.
OI data is even interesting. 93K Puts are there at 2600, clearly a support. Out of 93K, 39K Puts are added in last week.
There are good amount of (36k) Calls are added at 2640. All of those people will be trapped once Pidilite stays above 2640 on next week.
Plus: There are 54K calls are written in 2660, out of which 53K is added recently.
Support : 2600 (from OI data)
Resistance : 2660 (from IO data), 2700(from OI data), 2725 (previous swing high in chart).
Simple Trade Setup | NTPC | 15-09-2021NSE:NTPC
Observations:
1)On 1 hr time Frame: It has been trading in the parallel channel. Sustainable breakout from this channel will give upmove atleast till 117.50 easily.
Please refer below chart : 1 hr time frame.
2)On Daily Time frame: It has crossed above 21DMA and previously it has reversed from 100DMA. 21 DMA is placed at 115.44 level. If it able to hold above 21DMA(115.44 levels tomorrow) then we can see an upmove till 117.50 easily.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 15-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | CIPLA | 15-09-2021NSE:CIPLA
Trade Setup for Date 15-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL.
Simple Trade Setup | ACC | 13-09-2021NSE:ACC
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL
Observations:
1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support.
This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228.
Please refer below chart : Daily time frame.
2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side.
Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove.
Please refer below chart : 15 time frame.
------------------------------------------
Trade Setup for Date 13-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | DIXON | 08-09-2021NSE:DIXON
Observations:
1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle.
Please refer below chart : Daily time frame.
Today volume also increased compare to yesterday and it was above "21Volume Moving Averange (21VMA)".
Please refer below image.
2) Also on 1hr time frame it made rounding bottom pattern along with double bottom.
Please refer below chart : 1hr time frame.
3) On Daily time frame it has made V bottom pattern. And in last 4 days it breakout the neck line of it and it tested today from 4200 level and gave good upmove.
Now next neckline/resitance to watch is 4350. Any sustainable breakout of 4350 level will give good upmove.
Please refer below chart : daily frame.
-------------------------------------
Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | COLPAL | 08-09-2021NSE:COLPAL
Observations:
1)On daily time frame, yesterday 06-09-2021, it closed with bearish candle just above 50DMA and today 07-09-2021, it took support from 50 DMA and made bullish candle.
Only one negative thing is that it couldn't closed above yesterday's high.
Please refer below chart : Daily time frame.
-------------------------------------
Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.