PC jeweller to take long entryA very strong Break out has been on the charts of PC jewelers along with a rounding bottom pattern. Long above 37 for the target price of 50-60-65 with SL of 25. This is for your educational purpose only.
Tradingsignals
Patanjali foodsWe have seen a pole and flag pattern on the stock. Also, the stock is in bullish mode. Long above 1212. All important levels are marked on the charts. RSI levels above 60 are a sign of strength.
This is for your educational purpose only.
BankNifty Travelling inside Flag pattern in 15 Mints ChartGood Morning Traders,
We have seen Chart and got to know that Banknifty has formed a bullish flag pattern and it is travelling inside the Flag pattern, i am talking behalf of 15 mints chart.
I think today or till tomorrow this should give breakout for upside. Let's see what is happening, we will trade accordingly, but before to that we will find opportunity to trade. There is two strategy ther, first one go with levels which i have marked on chart, 2nd you can buy and sale near to flag support and resistance trendlines if you see any kind of genuine price reversal pattern.
IMPORTANT LEVELS FOR BANKNIFTY:-
Buy above 44880, if levels got sustained at least for 15 mints.
Targets will be 45015/45089
Stop loss will be 44721
Sale below 44649, if levels got sustained at least for 15 mints.
Targets will be 44537/44370
Stop loss will be 44775
Note:- Always wait for the best entry levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Regards
Rahul Pal
VIPIND IN BEARISH ZONEShort VIPIND after the BD of the channel. Stock is trading below the EMA & can move up to 580-550 levels in the coming week. Please add the stock to your watch list. This is for your educational purpose only.
Banknifty Intraday levels for 11/07/23Good morning Everyone.
Banknifty has traded yesterday in small range of falling channel, for today's all global indices looking greens(positive) today, i think we are gonna to see some pullback from these levels, if i talk about support in banknifty, then it is at 44700 and strong support zone is at 44360 levels. Let's see i think if anyone wants to buy there will be two levels to go long in it. first let it come somewhere 44700-44778 and then buy or buy once it crossed above level of 45100. Let's see where market is goes but scenario is positive for small move. I have already market all the best possible levels for banknifty i will write here too.
iMPORTANT LEVELS FOR BANKNIFTY:-
Buy above 45100 if levels sustain at least for 15 mints.
Targets we can see 45230/45359/45551.
Keep stop loss at 44869.
Support zone at 44778.
Sale below 44638 if levels sustain at least for 15 mints.
Target we can see 44530/44370.
Keep stop loss at 44869.
Resistance zone at 45070.
Note:- Always wait for the best entry levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Please like, follow and comment your thoughts on my idea.
Thankyou.
Regards
Rahul Pal
GHCL to take long entryLong GHCL after the BO of TL. Good Risk to reward trade. All important levels are marked on the charts. This is for your educational purpose only.
BECTOR FOOD LONGLong Bector Food above 820 after the BO of the resistance area.A very high probability that 50 EMA as well as channel support would be taken. All important levels are marked on the charts. This is for your educational purpose only.
Siemens longLong siemens. All important levels are marked on the charts. Add the stock in your watch list. This is for your educational purpose.
Venus Remedies - Multibagger in MakingVenus Remedies CMP 287 already nearing 50% move from 197-287 in 2_3 months approx Multibagger in making long way to go Supprts shifted to 210 now Target 347/380/410/475/520/580/635++
CG Power to take long entryCG Power in an uptrend. It can take a long entry above 380 as per the price action movement. All important levels are marked on the charts. This is for your educational purpose only.
Star Pharma to take long entryLong Star Pharma. All important levels have been marked on the charts. A clear pole and flag pattern formed on the charts. Avery high probability that after breaking out of the pattern lead to good results. This is for your educational purpose only.
Ganecospher to take long entryThis stock is in a high uptrend on weekly as well as monthly time frames. Also, the stock is forming HH and HL. The Stock has also formed a channel. A very high probability that the stock will move upside from the current level above 1100 for the next target price of 1200-1250 with SL of 1045.
Grasim to take long entryHigh probability that the stock of a Grasim to take pull back from the trend line after the sudden downfall. A bullish candle can be seen on the charts. Long entry above 1730 for the target price of 1750-1780 can be taken. This is for your educational purpose only.
WOCKPHARMA TO TAKE LONGLong wock-pharma above 250 for the next target price of 280-290 with SL of 236. The stock is forms HH & HL. RSI above 60 levels.Bullish momentum in the stock. A very high probability. keep the stock on your watchlist. This is for your educational purpose only.
Nifty trading in Higher highs and higher lows pattern next19100+Hello Traders Good Morning, I hope your last week would be good, everyone have made good money. Let's focus on today's scenario, i have seen on chart Nifty trading in Higher highs and higher lows pattern So according to this we can assume next higher highs could be somewhere 19100 levels, but best buying range will be 18750-18800 levels. Chances are high we will get these levels in intraday.
I have plotted everything on chart like best entry, target, and stop loss.
So guy's trade carefully and always follow stop loss to save your capital from unexpected movement.
Disclaimer:- Always do your own analysis or consult with your financial advisor before taking any trade.
Hit the like and follow if you like my work and also comment your thoughts on this idea.
Thankyou.
Long CENTURYTEXIn the last trading session, CENTURYTEX gave a breakout of the falling trendline and it consolidated before the breakout. MACD is positive and the structure is looking good.
Keep tracking it and try to tap good trade.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Nifty Hero Zero Trade||Expiry Special Nifty again made all time high today, but according to me there is no any sharp moment in it. Well for me highest upside remain in the NIfty is till 19500 levels. Today also it has tried to touch but returned from the level 19472, let's see what is going to happen, but i am looking an opportunity to short the nifty and banknifty but will do according to price action only. Have to observe more as market is very very bullish anything can be possible from here.
I have mention the levels on chart for buying and saling, You can see on chart, and i will write below as well.
Important Levels For nifty:=
Sale Nifty below 19410 if levels got sustained.
Target will be 19362/19342/19309
Stop loss 19472 (today ATH)
Buy Nifty Above 19475 if levels got sustained.
Target will be 19525+(I don't see much highs in it)
Stop loss 19425
For Hero Zero Trade I will Update till 1:15-1:30Pm,Stick with us.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Please like, follow and comment your thoughts on my idea.
Thankyou.
Regards
Rahul Pal
BankNifty possible Levels For 05/07/2023Hello Trader, Good evening, Sorry For delay in updation. I hope you guy's will be doing good in trading and in your life.
So, My view on today's Banknifty has worked accurately, which we discussed in last idea. Today also i have marked important levels on Chart. According to me tomorrow again banknifty should go down after opening in gap up. Chances are high that we can see trading in range only in between 45000-45500 only, But i think till tomorrow or day after tomorrow Banknifty should break 45000 levels. If we see breakdown tomorrow then we can see down levels towards 44700 to 44500 levels. But my View is slightly bullish to bearish for now, chances are high for downside. Let's see what is happening, we will trade according to price action.
Important levels for tomorrow:-
Buy above only 45353 if levels sustain atleast 15 minutes on chart.
Targets Will be 45500/45650++
Stop loss will be 45000.
and Sale below 45000 if levels sustain atleast 15 minutes on chart.
Targets will be 44778/44511--
Stop loss will be 45353.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
Pardeep PhosphateLong entry can be taken after the BO of the resistance area. This stock forms the HH & HL. Also RSI level above 60 on higher time frames. Good risk to reward trade. This is for your educational purpose only.This is for your educational purpose only.
U turn is possible in Nifty from the level of 19425. Weekly ViewHello Traders,
How are doing everyone. I have done analysis on NIfty for 2 weeks analysis, and my analyse is that, Nifty can take U turn once it will reach at somewhere 19425-19500 levels. Logic behind of this analysis is proper visible on 2 hour charts. You guy's just have a look on 2 hour chart and you will see that nifty is trading in higher highs and higher lows kind of pattern. so next higher highs could be somewhere in between 19425-19500 levels.
So for me i will wait for that levels to short nifty for the target of 19000 levels. Other logic behind of this trades is that We have seen continuously 2 gaps back to back on 2 hour chart, and let me tell you tomorrow it is again going to open in gap up somewhere 19200+ levels. Well Market is highly bullish here, so do not short until do not get confirmation from top trendline.
Let's see where the market is going, we will do trade according to our analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
Nifty50 positional analysis
Nifty the benchmark is currently placed at 38.2%
retracement along with 20 ema on the weekly chart!
The 17500-17550 zone has multiple moving average clusters .
the trend is still strongly in favor of bulls
the index is placed at trendline support too.
the major concern: the open = high candle formed due to poor infy results is a pain point.
talking about levels:
Support for the index comes at 17550 followed by 17220-200 while resistance is placed at 17870 and 18130 zones
with earning season on, expect a surprise on the cards!!
Reliance case studyReliance spot cmp 2618
weekly time frame
chart pattern study
Descending parallel channel pattern fromation
As per resistance trend line of structure, counter would face resistance around 2650 levels
if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632 levels,
RSI when ever weekly RSI touches levels of 60-61 it tends to make top and give sharp reversal.
So as per this we can say the uptrend for counter that started around 2200 levels is about to end and as per past 2 swing history counter can give a dip to lower levels,,
Bulls time to step out of party,, bears at door step.. keep watch...
Axis bank case studyAxis bank spot cmp 985
Weekly time frame
Wolf wave + elliot wave study.
Elliot wave :- counter is trading in sub wave (v) of major wave 5 , where after motive phase gets terminated.
Price wise levels of 1015-1035 would act as a range where wave (v) could mature.
Ascending trend line resistance of wedge structure confluence around same levels.
Rsi in this last move have given bearish divergence.
Wolf wave :- on smaller time consideration wolf wave formation is being observed , which would mature around 1020-1040 levels.
around 2-3 major studies maturing around same range, on weekly time frame,
so going ahead counter would lots of selling pressure around this levels,
fresh long should only be considered above 1050 levels on weekly closing basis.
below that caution is required any time counter can slide to much lower levels.
Bulls keep caution ahead,,
