TCS // Levels // 1 hour "Welcome to SkyTradingZone "
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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.
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BAJFINANCE // Levels // 4 hour "Welcome to SkyTradingZone "
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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 "
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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 "
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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.
BIOCON LTD READY FOR A UPSWING (SWING TRADING SETUP)Since last weeks we have seen pharma sector is outperforming and this performance may continue.
As per price action biocon ltd
Has created a Cup but handle is still remaining. If this stock creates a handle which is highly possible then price can be bullish for few trading sessions.
Price should sustain above Trend line then it will be good.
For more confirmation wait for the price to come at resistance level and look for RSI above 70.
If fails and test previous support then this Overview will be considered as NULL.(Conditions not fulfilled)
SENSEX // Levels // 15 min"Welcome to SkyTradingZone "
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Current Price: 81,183.93
Day’s Range: 80,981.93 - 82,254.791.
Key Support and Resistance Levels:
Support Levels: 81,000, 80,900, 80,700
Resistance Levels: 81,200, 81,450, 81,700
As of September 11, 2024, the BSE Sensex levels are:
5 DMA: Bullish at 81,843.71
10 DMA: Bearish at 82,061.98
20 DMA: Bullish at 81,340.03
50 DMA: Bullish at 80,693.01
100 DMA: Bullish at 77,852.18
200 DMA: Bullish at 74,791.88
CNXIT // levels // 1 hour "Welcome to SkyTradingZone "
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Support Levels
Definition: A support level is a price point where a downtrend is expected to pause due to a concentration of demand. It represents a level where buyers tend to enter the market, which prevents the price from falling further.
Identifying Support: Support levels can be identified by looking at past price movements. If the price has bounced off a certain level multiple times, that level may be considered support.
Trading Strategy: Traders often look for buying opportunities around support levels, anticipating that the price will rise again after hitting this level.
Resistance Levels
Definition: A resistance level is a price point where an uptrend is expected to pause due to a concentration of supply. It represents a level where sellers tend to enter the market, which prevents the price from rising further.
Identifying Resistance: Resistance levels are identified similarly to support levels. If the price has hit a certain level multiple times and failed to break through, that level is considered resistance.
Trading Strategy: Traders often look for selling opportunities around resistance levels, anticipating that the price will drop after reaching this point.
TCS // levels // 4 hour "Welcome to SkyTradingZone "
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Employee categories
TCS hires freshers for three categories: Ninja, Digital, and Prime. The Ninja category offers a package of Rs 3.36 lakh per annum, while the Digital and Prime categories offer Rs 7 lakh and Rs 9-11.5 lakh per annum, respectively.
Current Price: 3,520.75 INR
Day’s Range: 3,510.00 - 3,540.00 INR.
Key Support and Resistance Levels:
Support Levels: 3,500, 3,480, 3,460
Resistance Levels: 3,540, 3,560, 3,580
BankNifty support and resistance 1DayAs of September 10, 2024, the Bank Nifty index is expected to trade in the range of 50,500 to 51,500, with potential for further movement between 52,000 and 50,000. Here are some other details about the Bank Nifty index:
Resistance level: 51,500
Support level: 50,900
51,000 level: A strong point
50,200 level: Likely to act as immediate support
49,700 level: Likely to act as support
51,000-51,300 level: Likely to act as a strong resistance