HDFC BANK next move as per PriceActionOn Monday Earnings & Revenue report came out and it opens gap up above it's strong resistance level which is now good and strong support and now from last 3 sessions its trying to breach its other resistance zone of 1743.10 to 1748.15 in the last session it striked again to this zone but unable to break it and closes at 1736.20 s for the the upcoming sessions we've to watch the behaviour of price at resistance zone if it succesfully breach this zone then we've to go long till next zone of 1780-1788 and should place our SL below the zone of 1748.15-1743.10, wait for the price stablization and look for continuation candlestick pattern or after breaking of zone it's better to enter on pullback.
Trend Analysis
BankNifty Intraday Support & Resistance Levels for 24.10.2024On Wednesday, BankNifty opened with a 139-point gap down, making a low of 51,107.90. It bounced back, reaching a high of 51,551.55 (almost hitting the 15m Supply Zone) but couldn't sustain and closed at 51,239, losing 18 points from the previous close. BankNifty has closed inside the 125m Demand Zone for the second consecutive day. If the 51,000 level holds, we may see a bounce. However, if BankNifty breaks below 51,000 with volume and sustains, further downside till 49,959 or lower is possible. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways.
BankNifty Demand/Support Zones for 24.10.2024:
Near Demand/Support Zone (125m): 51,000.90 - 51,355.80 (current price inside the zone)
Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25
Far Support: 49,282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
BankNifty Supply/Resistance Zones for 24.10.2024:
Near Supply/Resistance Zone (15m): 51,559.35 - 51,678.85
Far Supply/Resistance Zone (5m): 52,143.55 - 52,257.30
Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50
Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10
Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70
Nifty Intraday Support & Resistance Levels for 24.10.2024On Wednesday, Nifty opened with a 93-point gap down, making a low of 24,378.10, which touched the weekly Demand Zone. It briefly bounced back to a high of 24,604.25 but couldn’t sustain the momentum, closing at 24,435.50, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, and the Daily Trend (50 SMA) remains negative.
Nifty Demand/Support Zones for 24.10.2024:
Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75
Far Demand/Support Zone (Daily): 23,350.00 - 23,667.10
Nifty Supply/Resistance Zones for 24.10.2024:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (15m): 24,798.95 - 24,882.00
Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05
Far Supply/Resistance Zone (15m): 25,420.00 - 25,485.05
Far Supply/Resistance Zone (15m): 25,500.95 - 25,545.00
Falling Wedge Breakout With Good VolumesNSE:DEEPAKFERT today broke a Major Falling Wedge Pattern from a Crucial Previous Support Zone with a Good Amount of Volumes.
Trade Plan:
Entry: If it closes above Swing High or Retest the Support.
Stop Loss: Entry Candle Low.
No Trade: if goes Below 942 (Support Levels)
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#FSL BO in DTF with Volume 📊 Script: FSL
Key highlights: 💡⚡
📈 Cup & Handel BreakOut in Weekly chart.
📈 Price gave a good up move and consolidated in Daily chart.
📈 Volume spike on BreakOut
📈 MACD Bounce
📈 One can go for Swing Trade.
BUY ONLY ABOVE 360 DCB
⏱️ C.M.P 📑💰- 350
🟢 Target 🎯🏆 – 28%
⚠️ Stoploss ☠️🚫 – 14%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Deepak Fertilizers cmp 1118.75 by Weekly Chart views*Deepak Fertilizers cmp 1118.75 by Weekly Chart views*
- Support Zone 940 to 955 Price Band
- Resistance Zone at 1115 to 1135 Price Band
- Volumes are needed for fresh upside for a New Lifetime High
- Weekly basis Support at 1005 > 885 > 780 with Resistance only at ATH 1163.85
- *Close to 2 year's long Bullish Rounding Bottom followed by a Price Breakout well above earlier Resistance Zone now acting as the Support Zone*
BTC | GOLD | PRICE ACTION ANALYSIS | 24 OCT | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
gold silver looks sharp profit booking analysisdear all as per report last gvn 2760 almost done where our buy full end--- now if any rise will take only sell entry with tight sl -- always remember blw 2760 no buy at all now---- if any sustainabv 2760 thna let seee nxt lvl otherwise our buy wave end-
mcx silver stya blw 99200 looks dwn fall till 98524--97600+++ in spot 34.30 stya blw dwn fall looks;
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 24 OCT 202424Oct 2024
WORLD MARKETS
1. World Markets are pulling back. This may have some effect on the Indian Indices.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 14 indicating more volatility to come. However volatility is good for option buyers if traded carefully.
2. GIFT Nifty is indicating a flat opening as of now.
INDEX HEAVY WEIGHTS
1. HDFC Bank has turned range bound between 1750 - 1680 levels with a bullish bias.
2. ICICI Bank is also consolidating between 1270-1230 levels.
3. Reliance is bearish and again closed below 2700. We can still expect a target of 2620 levels.
ANALYSIS
1. Today was Bank Nifty expiry and it was in a tight range of 51300 - 51200 and has closed between this range.
2. Nifty was bearish but was supported by Bank Nifty and IT twins TCS and Infosys.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24500 - 24372: No Trade.
2. NIFTY OPEN ABOVE 24500: Wait for a consolidation and break above 24650 decisively.
3.NIFTY OPEN BELOW 24370: Sell any rally to 24500.
4.BANK NIFTY OPEN BETWEEN 51364 - 51115: NO Trade.
5.BANK NIFTY OPEN ABOVE 51361: Sell any rally to 51550.
6.BANK NIFTY OPEN BELOW 51100: Sell any rally to 51400.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result
price near 330 is good for entry in this stock with strict SL
up side move possible
price looking good moving up from 20 ema
going in continution
keep eyes on this stock
Disclaimer: This is Not a Buy or Sell Call
The information provided herein is for informational purposes only and should not be construed as financial advice, a recommendation, or an offer to buy or sell any financial instrument. It is important to conduct your own research and consult with a licensed financial advisor before making any investment decisions. The content provided does not take into account your personal financial situation, risk tolerance, or investment goals. The author or entity providing this information is not responsible for any investment decisions you may make based on this content.
NIFTY Intraday Trade Setup For 24 Oct 2024NIFTY Intraday Trade Setup For 24 Oct 2024
Bullish-Above 24610
Invalid-Below 24560
T- 24885
Bearish-Below 24370
Invalid-Above 24410
T- 24097
NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885.
For selling we need a 15 Min candle close below 24370. T- 24097.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
CIGNITY TECHNOLOGY TARGET 1609 STOP LOSS 1350Script is very good higher and high in raising wedge long term monthly formation and also in weekly strong consolidation above the resistance as well as support of 1381 and also in day chart closing above the previous all time high of 1415.It is high possible of reaching the short term target of 1609.