Trade!
CAN MARKETS SURPRISE US??? BANK NIFTYIndian markets are at an all-time high. Both Nifty and Bank Nifty are trading near their resistance levels.
Technically, a correction is due. I'm not expecting any big upside move in Indian indices.
I won't be surprised if Bank nifty corrects by 3000 points in the coming days.
This would correspond to the length of wave 3 as well as 0.618 Fibonacci retracement.
Trade with appropriate stop-loss.
PS: MARKET is always RIGHT!
#BSE Support & Resistance levels
#BSE
Uptrend: Strong bullish momentum with higher highs and higher lows since mid- September.
Resistance: Around €4,200.
Support: Key support zone between ₹3,600 and €3,700.
Buy Zone: Ideal buy range at ₹3,600-3,700 during pullback.
Stop Loss: Set stop-loss below ₹3,500.
Profit Target: ₹4,200 and ₹4,500 for swing trade profits.
SHYAMMETL Support & Resistance
#SHYAMMETL
Recent Uptrend: Strong uptrend in mid-September, peaking around *950. Consolidation: Current consolidation phase between 1890 and *920.
Resistance: Immediate resistance at *920-1930.
Support: Key support zone between ₹880 and *890.
Buy Zone: Ideal buy range is ₹890-1900.
Stop Loss: Set stop-loss below *880.
Profit Target: Look for ₹950 and 970 for potential swing trade gains.
HDFC Bank looks promising on the daily chart
#HDFCBANK
HDFC Bank looks promising on the daily chart, with
a potential breakout and retest scenario unfolding.
The overall structure is bullish, and the price
range of 1,670 - 1,640 presents a strong buying
opportunity. For both positional traders and long-
term investors, HDFC Bank is a screaming buy.
Don't miss out on this stock.
SAIL is showing strong potential after breaking out#SAIL
SAIL is showing strong potential after breaking out from its falling trendline
resistance, signaling the start of a solid upside move. With this breakout, both
investors and positional traders should focus on the metal sector, as SAIL
presents a promising opportunity. Don't miss out on this stock for further upside momentum.
Bharat Forge Ltd view for Intraday 4th October #BHARATFORGBharat Forge Ltd view for Intraday 4th October #BHARATFORG
Buying may witness above 1502
Support area 1485. Below ignoring buying momentum for intraday
Selling may witness below 1470
Resistance area 1485
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,