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Trend Analysis

MAHLOG Trading Above Fresh Demand ZoneMAHLOG is currently trading at ₹385, slightly above its demand zone between ₹381.7 and ₹370.6, established on 15th February 2024. This fresh zone has not been tested, indicating potential buying interest if the price retraces to this range. Investors might consider monitoring for a pullback, which could present a buying opportunity at this support level. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:MAHLOGLong
by rush12799
1
Nifty Intraday Analysis for 27th November 2024NSE:NIFTY Index closed near 24195 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 92.52 Lakh 24300 Strike – 81.50 Lakh 24400 Strike – 57.67 Lakh Put Writing 24000 Strike – 65.25 Lakh 24300 Strike – 51.09 Lakh 24200 Strike – 45.40 Lakh Index has resistance near 24300 – 24330 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24050 – 23950 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 27th November 2024NSE:BANKNIFTY Index closed near 52190 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 53000 Strike – 31.41 Lakh 52500 Strike – 21.70 Lakh 52200 Strike – 20.57 Lakh Put Writing 51000 Strike – 31.80 Lakh 52000 Strike – 26.73 Lakh 51500 Strike – 20.16 Lakh Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51650 - 51550 range and if this support is broken then index may tank near 51100 - 51000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 27th November 2024NSE:CNXFINANCE Index closed near 24045 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 0.63 Lakh 25000 Strike – 0.23 Lakh 24500 Strike – 0.11 Lakh Put Writing 24000 Strike – 0.75 Lakh 23000 Strike – 0.12 Lakh 23500 Strike – 0.09 Lakh Index has resistance near 24250 - 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range. However, Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 23400 – 23300 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 27th November 2024NSE:NIFTY_MID_SELECT Index closed near 12570 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 1.75 Lakh 12600 Strike – 1.51 Lakh 12500 Strike – 1.04 Lakh Put Writing 12500 Strike – 1.52 Lakh 12600 Strike – 1.20 Lakh 12550 Strike – 0.44 Lakh Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
NLong
by RKMAURYA
HDFC Bank Hits a New All-Time High HDFC Bank continues its stellar performance, achieving a new all-time high! 🌟 But the key now is sustainability above crucial support levels. 🔑 What to Watch: ✔️ Monitor price action around the breakout level. ✔️ Strong volume = solid buying interest. ✔️ Support zones will confirm stability for further uptrend. Patience is key—wait for a clear confirmation before taking action. The long-term growth story of HDFC Bank remains intact! 💼💰 #HDFCBank #StockMarket #NewHighs
NSE:HDFCBANKLong
by manojshinde27
Swing 1. Key Observations Price Action: The stock is trading at ₹4,474.65 as of the chart date, reflecting a positive change of +₹110.10 (2.52% increase). Trendline Breakout: A downward trendline has been drawn connecting the lower highs (orange line). The stock has broken above this trendline, suggesting a potential reversal of the downtrend. Support and Resistance: Resistance: The stock has moved above the resistance zone at ₹4,476.45. Sustaining above this level could confirm bullish momentum. Support: A key support zone is visible at ₹3,763.35 (horizontal orange line). This level has held during previous pullbacks. 2. Volume Analysis The trading volume below the price chart shows an increase in activity during recent upward price moves. This supports the breakout and indicates strong buying interest. 3. Moving Averages (Implied) The chart does not explicitly show moving averages, but the overall price action indicates that the stock is likely above shorter-term averages (e.g., 20-day, 50-day), signaling short-term strength. 4. Possible Scenarios Bullish Scenario: If the stock sustains above the ₹4,476 resistance, it could target higher levels. Positive sentiment in the defense sector, supported by government orders and HAL's robust financials, may fuel further upside. Bearish Scenario: If the breakout fails and the stock moves back below ₹4,476, it could retest the support level near ₹3,763. 5. Conclusion This chart suggests a potential reversal from a downtrend. Traders may look for confirmation of the breakout by observing if the stock sustains above the resistance with strong volumes. The overall sentiment remains bullish, supported by HAL's strategic importance and favorable sectoral tailwinds.
NSE:HALLong
by iamsaurabh533
Investment Idea Bharat Electronics Limited (BEL) BEL stock has been showing a strong uptrend over recent months, driven by consistent earnings growth and strategic government defense orders BEL, a leader in defense electronics, is perfectly positioned to benefit from India’s growing focus on self-reliance in defense manufacturing. With a strong order book, cutting-edge R&D, and robust financials, BEL offers: ✔️ Consistent Growth: Backed by government initiatives and modernization needs. ✔️ Dividend Returns: A track record of rewarding shareholders. ✔️ Long-Term Potential: Expanding into new markets like AI and space technologies. Invest in BEL today and watch your portfolio grow with India’s defense dreams! 🌟 #BEL #LongTermInvestment #StockMarket
NSE:BELLong
by manojshinde27
BANK OF INDIA - ' W ' PATTERN BREAKOUT IN MONTHLY TIMEFRAME Can Enter at CMP or 101 Target - 180, 270, 420 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKINDIALong
by Jagadheesh_JP
#Angelone - Stock outlook !!NSE:ANGELONE Key Points: Trends: Two trendlines are plotted: Upward trendline (dotted line): Displays the earlier uptrend in the stock's graph (higher lows). Downward trendline (descending resistance): indicates the resistance level that forms when the stock starts to drop from its recent highs. Important Information: Support Level at ₹2701.45: This flat black line shows an important area where the stock went back up or stayed the same before. It's a strong place where buyers are active. Resistance Zone at ₹3367.80 – ₹3393.00: It is the highest zone. It is the targeted range as indicated on the chart. This has been an important resistance in the context of previous price actions. Fake-Out Indication: There is a fake-out noted just below the horizontal support line of ₹2701.45. That means that the price did fall briefly below the support but quickly reverted, and hence the bearish breakout is not valid. Breakout. The stock seems to be going above the downward trendline, which could mean a possible upward breakout if it continues. Future Expectations: Bullish Scenario (Orange Rectangle): If the breakout stays above the downward trendline, it may drive the stock up to the resistance zone of ₹3367.80–₹3393.00. Bearish Scenario (Arrow pointing down): If the breakout does not work and the price goes back below ₹2701.45, it might show a strong trend downward toward the next support levels (for example, ₹2025.00). Explanation: Trend Reversal: Stock, breaking the downward trendline above indicates that the stock is on a changing pattern, from the decline, and probably into an uptrend. Artifactual Meaning: The fake-out close to ₹2701.45 shows how important support zones are. It shows that buyers took charge again after a first drop in price. Possible Risk and Benefit: Traders could expect a bounce towards the orange area, or resistance zone, if the breakout is valid. Stop-loss levels are likely set below ₹2701.45 to risk manage. Useful Information: For a bull trade, Wait for confirmation of the breakout, like the daily close above the trendline. Target: ₹3300–₹3393 range. Stop Loss: ₹ 2700. For a bearish trade: It could again begin a downtrend if prices go back into ₹2701.45. Target: ₹2300 or less. Stop Loss: Above ₹2800. This chart shows a mix of price movements with false signals, trendline breaks, and important levels. It gives positive and negative scenarios based on how the stock acts around these levels. Ps note: NOT A SEBI REGISTERE. ANY QUERIES @thetradeforecast :)
NSE:ANGELONELong
by thetradeforecast
1