ICICIBANK 30Min levels (S/R)# we mark Support and Resistance on the charts so you can check..
Identify Support Levels
Definition: Support levels are price points where the stock has historically had difficulty falling below, as buying interest tends to increase at these levels.
Steps to Identify:
Historical Lows: Look for recent low points on the chart where the price has bounced back up.
Horizontal Lines: Draw horizontal lines at these low points to mark potential support levels.
Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction.
3. Identify Resistance Levels
Definition: Resistance levels are price points where the stock has historically had difficulty rising above, as selling interest tends to increase at these levels.
Steps to Identify:
Historical Highs: Look for recent high points on the chart where the price has reversed downwards.
Horizontal Lines: Draw horizontal lines at these high points to mark potential resistance levels.
Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction.
Trade!
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY
❇️ Good trade setup in Nifty50.
❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red.
❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points.
❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point.
❇️ Stopploss should be slightly above previous closing.
❇️ Achievable targets are. 25155-25125-25025.
❇️use your trailing stopploss after seeing profits.
👉🏻 @thetradeforecast 🇮🇳
SBICARD levels 30 Min (S/R)we mark Support and Resistance on the charts so you can check..
For SBI Cards & Payment Services Ltd. (SBICARD), the support and resistance levels for today are as follows12:
First Support: ₹714.22
Second Support: ₹711.78
Third Support: ₹709.57
First Resistance: ₹718.87
Second Resistance: ₹721.08
Third Resistance: ₹723.52
These levels are calculated based on the price range of the previous trading day.
UNIDT levels 30 Min (S/R)we mark Support and Resistance on the charts so you can check..
Support Levels: These are price points where the stock tends to find buying interest, preventing it from falling further. Common support levels for BAJFINANCE might be around ₹6,380 and ₹6,2501.
Resistance Levels: These are price points where the stock tends to face selling pressure, preventing it from rising further. For BAJFINANCE, resistance levels could be around ₹7,000 and ₹7,2001.
Technical Indicators: Utilize indicators like Moving Averages, RSI, and MACD to get a better understanding of the stock’s momentum and potential reversal points
ADANIPOWER 30 Min Levels (S/R)we mark Support and Resistance on the charts so you can check..
Adani Power Share Price Today Live: The stock price has moved between 642.7 and 637.45 in the past hour. Traders might consider implementing rangebound trading strategies by buying around the support level of 637.45 and selling near the resistance level of 642.7
BAJFINANCE 1 day Levels (S/R)# we mark Support and Resistance on the charts so you can check..
Here’s a general example of the type of news you might find for Bajaj Finance:
Quarterly Earnings: “Bajaj Finance reports a 15% increase in net profit for Q1 2024, driven by robust loan growth and improved asset quality.”
Strategic Initiatives: “Bajaj Finance announces a strategic partnership with a fintech company to enhance digital lending capabilities.”
Market Movement: “Shares of Bajaj Finance rose by 3% following positive earnings forecasts and strong quarterly performance.”
BAJFINANCE levels 4h (S/R)we mark Support and Resistance on the charts so you can check..
To analyze Bajaj Finance (BAJFINANCE) on a 4-hour (4H) chart, you’ll be looking at price movements and key technical indicators to identify significant levels and trends. Here’s how you can approach it:
1. Support and Resistance Levels
Support Levels: Identify previous lows or levels where the stock price has historically bounced back up. On a 4-hour chart, these are critical price points where buying interest has been strong enough to halt a decline.
Resistance Levels: Find previous highs or levels where the stock price has faced selling pressure. These are price points where the stock has struggled to move higher, indicating potential selling zones.
ICICIBANK levels 4H (S/R)we mark Support and Resistance on the charts so you can check..
To analyze ICICI Bank on a 4-hour (4H) chart, you can focus on several technical aspects to identify key levels and potential trading opportunities. Here's a breakdown of what to look for:
1. Support and Resistance Levels
Support Levels: These are price levels where the stock tends to stop falling and might reverse upwards. On a 4-hour chart, identify previous lows or price levels where buying interest has emerged.
Resistance Levels: These are price levels where the stock tends to face selling pressure and might reverse downwards. Look for previous highs or areas where selling pressure has increased.
A BREAKOUT WITH VOLUME - ARIHANT CAPITAL.NSE:ARIHANTCAP
❇️ Strong breakout on weekly chart.
❇️ Flag and poll pattern in 30mint time frame.
❇️ Stock can achive 108-115 targets in upcoming days.
❇️ Short and log terms targets 140-160-190++.
❇️ Nearby support 88-90.
❇️ Above 95 we can see a real move🔥
👉🏻 @thetradeforecast 🇮🇳
AXISBANK 4H levels (S/R) we mark Support and Resistance on the charts so you can check..
When referring to "4H levels" for Axis Bank, it’s likely you are talking about technical analysis on a 4-hour (4H) chart. In technical analysis, a 4-hour chart is used to view price movements and patterns in 4-hour intervals, which can help traders and analysts make short to medium-term trading decisions.
Here’s how you might interpret 4H levels for Axis Bank:
**1. Support and Resistance Levels
Support Levels: These are price levels where the stock tends to stop falling and might bounce back up. On a 4-hour chart, you would look for previous lows or price levels where the stock has historically found buying interest.
Resistance Levels: These are price levels where the stock tends to stop rising and may reverse downward. On a 4-hour chart, these would be previous highs or levels where selling pressure has historically increased.
HDFCBANK 4h levels (S/R)# we mark Support and Resistance on the charts so you can check..
When analyzing HDFC Bank on a 4-hour (4H) chart, you’re examining price movements over 4-hour intervals, which is useful for short- to medium-term trading and trend analysis. Here’s how you might interpret 4-hour levels and key aspects to look for:
1. Support and Resistance Levels
Support Levels: These are price points where HDFC Bank’s stock has historically had difficulty falling below. Look for previous lows or areas where buying pressure has emerged.
Resistance Levels: These are price points where the stock has had trouble moving above. Look for previous highs or areas where selling pressure has been significant.
RELIANCE Levels (S/R) # we mark Support and Resistance on the charts so you can check..
In finance and trading, RELIANCE Levels (S/R) typically refer to Support and Resistance levels in the context of analyzing price movements for a particular asset or stock. These levels are critical for traders and analysts to make decisions about buying or selling.
Support Level: This is the price level at which a stock or asset tends to stop falling and may even bounce back up. It's a level where buying interest is strong enough to overcome selling pressure. Think of it as a "floor" that the price has trouble falling below.
Resistance Level: This is the price level at which a stock or asset tends to stop rising and may even drop back down. It's a level where selling interest is strong enough to overcome buying pressure. It acts as a "ceiling" that the price struggles to break through.
Banknifty 1 hour Levels (S/R)# we mark Support and Resistance on the charts so you can check..
To analyze Bank Nifty (a major stock market index in India) on an hourly basis, you typically look at various technical levels to guide trading decisions. Here’s a basic approach for determining these levels:
Support and Resistance Levels:
Support: This is where the price tends to find buying interest and bounce upward. To find this, look for recent lows or areas where the price has previously stopped falling and reversed.
Resistance: This is where the price tends to find selling pressure and reverse downward. Identify recent highs or areas where the price has stalled and reversed.
ITC A Money MachineHello Traders,
Sabka Pyaara Sabka Chahita Apne ITC se nazar mat hatana,
Keep an eye on the Mini bull, Sector is performing well & the Leader is Just near Breakout zone 510.
Monthly RSI > 60
WEEKLY RSI > 60
& Daily is Taking rest at 60 zone.
Can Give the Big Targets in coming Months.
Education Purpose Only
Thank You
Prince
Current Gold Movement AnalysisGold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
GOLD UPDATE INTRADAY TODAY
#Gold Range Prediction from Today 23/08/2024 is as under.
Gold Spot : 2480$-2530$
Gold INR : 71200-72250
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
WELCORP Trade Analysis for Buy using Wyckoff methodVolume Analysis
We have no supply in the trading range indicating no one is selling
Demand Increased
We have demand increased in phase D indicating institutional present
Down wave Analysis
Down spread is decreasing in each of down wave indicating volatility is decreasing and selling pressure is decreasing
My View
Bullish on the stock with entry given on the chart