ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Zomato (ZOMATO) based on a 4-hour chart:
**Resistance Levels:**
1. 125.50 - 126.50 (previous high)
2. 128.00 - 129.00 (psychological level)
3. 130.50 - 131.50 (resistance zone)
**Support Levels:**
1. 122.50 - 123.50 (previous low)
2. 120.00 - 121.00 (psychological level)
3. 118.50 - 119.50 (support zone)
**Key Levels:**
1. 124.00 - a crucial level to watch for trend continuation or reversal
2. 120.50 - a potential reversal zone
**Notes:**
* Zomato is currently trading around the resistance level of 124.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 120.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
Trade!
Grasim Industries Ltd view for Intraday 12th SeptemberGrasim Industries Ltd view for Intraday 12th September #GRASIM
Buying may witness above 2700
Support area 2650. Below ignoring buying momentum for intraday
Selling may witness below 2650
Resistance area 2700Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
OBEROIRLTY (Oberoi Realty LtdOBEROIRLTY (Oberoi Realty Ltd.
Support Level: This is a price level at which a downtrend can be expected to pause due to a concentration of demand. In other words, it's where buyers tend to enter the market, preventing the price from falling further.
Resistance Level: This is a price level at which a trend can pause or reverse due to a concentration of selling interest. It's where sellers often come in, preventing the price from rising further.
Support Levels:
₹1,720
₹1,700
₹1,680
Resistance Levels:
₹1,760
₹1,780
₹1,800
Adaniports Ltd view for Intraday 12th SeptemberAdaniports Ltd view for Intraday 12th September #ADANIPORTS
Buying may witness above 1453
Support area 1430. Below ignoring buying momentum for intraday
Selling may witness below 1411
Resistance area 1430
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
JSWENERGY (JSW Energy Ltd.) on a 4-hour timeframeJSWENERGY (JSW Energy Ltd.) on a 4-hour timeframe
Support Levels: Look for price points where JSW Energy has consistently bounced back or found buying interest in the past. These are typically previous low points.
Resistance Levels: Identify price points where JSW Energy has faced selling pressure or reversed direction in the past. These are typically previous high points.
Support Levels:
₹730,₹720,₹710
Resistance Levels:
₹750,₹760,₹770
TATAPOWER on a 4-hour timeframeSupport Levels: Look for previous low points on the stock chart where Tata Power's price has historically bounced back.
Resistance Levels: Identify previous high points where the price has reversed or faced selling pressure.
TATAPOWER on a 4-hour timeframe
Support Levels:
₹440,₹435,₹430
Resistance Levels:
₹450,₹455,₹460
SPX Levels Support & Resistance Support Levels:
Historical Lows: Previous significant low points where the price has found buying interest.
Psychological Levels: Round numbers or significant milestones often act as support (e.g., 4,000 or 3,500).
Moving Averages: Key moving averages, like the 50-day or 200-day, can also act as support levels.
Resistance Levels:
Historical Highs: Previous significant high points where selling pressure was strong.
Psychological Levels: Just as with support, round numbers or major levels (e.g., 4,200 or 4,500) can act as resistance.
Trendlines: Lines drawn connecting previous highs can serve as resistance.
Support Levels:
5,430
5,410
5,390
Resistance Levels:
5,470
5,490
5,510
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
HDFC Bank (HDFCBANK) on a 1-hour chart
Support Levels: Around 1637.93 and 1633.211.
Resistance Levels: You might want to look at recent highs for potential resistance points, but specific resistance levels weren’t detailed in the sources.
Trend Analysis: Check if there is a clear trend (upward, downward, or sideways). Short-term trends can provide insights into the stock's immediate direction.
Technical Indicators: Utilize technical indicators such as Moving Averages (e.g., 50-hour or 200-hour MA), Relative Strength Index (RSI), or Bollinger Bands to understand momentum and potential reversal points.
RELIANCE // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
RELIANCE on a 1-hour timeframe
Support Levels: These are price points where the stock has historically shown buying interest and reversed upward. Look for recent lows where the price has bounced back. For example, if RELIANCE recently found support around ₹2,400, this is a key level to watch.
Resistance Levels: These are price points where the stock has faced selling pressure and struggled to move higher. Identify recent highs where the price has faced resistance. For instance, if the stock faced resistance at ₹2,500, this would be a significant level.
Support Levels:
₹2,920
₹2,900
₹2,880
Resistance Levels:
₹2,950
₹2,970
₹2,990
ICICIBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
ICICIBANK on a 1-hour timeframe
Trend Analysis
Determine Trend Direction: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the general price direction over the past hour or several hours.
Draw Trendlines: Connect recent highs or lows to visually represent the trend direction. An upward trendline connects consecutive higher lows, while a downward trendline connects consecutive lower highs
Support Levels:
₹1,215
₹1,200
₹1,185
Resistance Levels:
₹1,230
₹1,245
₹1,260
AXISBANK // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
AXISBANK on a 1-hour timeframe
Chart Patterns:
Look for patterns such as Head and Shoulders, Triangles, Flags, or Pennants that might indicate future price movements.
Candlestick Patterns:
Observe for any significant candlestick patterns such as Do ji, Engulfing, or Hammer, which can provide insights into potential reversals or continuations.
Support Levels:
₹1,180
₹1,160
₹1,140
Resistance Levels:
₹1,200
₹1,220
₹1,240
CNXIT // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
CNXIT (Nifty IT) index on a 1-hour interval
Support Levels: These are price levels where the index historically tends to find buying interest. Look for recent lows or previous points where the price has bounced back up.
Resistance Levels: These are price levels where the index has historically struggled to rise above. Look for recent highs or points where the price has reversed downwards.
Support Levels:
42,800
42,500
Resistance Levels:
43,200
43,500
TCS // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
TCS (Tata Consultancy Services) on a 1-hour timeframe,
Support Levels:
₹4,420
₹4,400
₹4,380
Resistance Levels:
₹4,460
₹4,480
₹4,500
Trend Analysis
Current Trend: Assess if the stock is in an uptrend, downtrend, or sideways trend by examining the price action over the past hour or several hours. This can be determined by looking at the direction of the price movements and trendlines.
Draw Trendlines: Connect recent highs or lows to visualize the trend. An upward trendline would connect higher lows, while a downward trendline would connect lower highs.
BAJFINANCE // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
BAJFINANCE (Bajaj Finance Ltd.) on a 4-hour timeframe
Support Levels: Identify recent lows where the price has bounced back up. For example, if Bajaj Finance recently found support around ₹6,500, this level is important to watch for potential buying interest.
Resistance Levels: Determine recent highs where the price has struggled to rise further. For instance, if the stock faced resistance around ₹7,000, this level is significant for potential selling pressure.
Support Levels:
₹7,200
₹7,150
₹7,100
Resistance Levels:
₹7,300
₹7,350
₹7,400
ZOMATO // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
ZOMATO on a 1-hour timeframe
Support Levels: Identify recent lows where the stock price has bounced back up. For example, if Zomato recently found support around ₹60, this level is crucial for potential buying interest.
Resistance Levels: Determine recent highs where the stock price has faced difficulty in rising further. For instance, if the stock struggled to surpass ₹65, this would be a significant resistance level.
Support Levels:
₹245
₹240
₹235
Resistance Levels:
₹255
₹260
₹265
TATAPOWER // Levels // 1 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
TATAPOWER on a 1-hour timeframe
Support Levels: Look for recent lows where the stock price has bounced upward. For example, if Tata Power recently found support around ₹230, this would be a significant support level.
Resistance Levels: Determine recent highs where the stock price has struggled to break through. For instance, if the stock has faced resistance around ₹250, this level is crucial.
2. Trend Analysis
Determine Trend Direction: Analyze the general direction of the price movement over the past hour or several hours. Identify whether the stock is in an uptrend, downtrend, or moving sideways.
Support Levels:
₹440
₹435
₹430
Resistance Levels:
₹450
₹455
₹460
oberoireality is consolidated in daily Timeframe#oberoireality is consolidated in daily Timeframe, it looks like triangle pattern,
but one needs to be aware has lot of time fake breakout is been seen,
good for buying in cash, risk management and patience is important
overall bullish for short-term swing .Please check the chart carefully.