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Trend Analysis

HCL TechHCL Tech is trading within an ascending channel, indicating a bullish trend with support near ₹1838 (50-day MA) and resistance around ₹1950-1960. The RSI at 62.58 shows strong momentum without being overbought, while the MACD indicates continued upward movement. Traders can consider buying on a breakout above ₹1960 with targets of ₹2000-2050, or on pullbacks near ₹1838, with a target of ₹1920-1960 and a stop loss at ₹1810. A bearish trade is advisable only if the stock breaks below ₹1810, targeting ₹1760-1700. Strong volume during upward moves further supports bullish sentiment, but adherence to stop-loss levels is essential to manage risks.
NSE:HCLTECH
by Simplecharttraders
Coromandel International Ltd.Coromandel International Ltd. is currently consolidating within a bullish ascending triangle pattern, with key resistance at ₹1918-1920 and strong support at ₹1710 (50-day MA). Indicators like RSI and MACD signal growing bullish momentum, suggesting a potential breakout above ₹1920, which could lead to targets of ₹2000-2050. However, a breakdown below ₹1710 could shift sentiment bearish, with downside targets at ₹1660-1550. Traders are advised to wait for a decisive move outside this range, entering long above ₹1920 or short below ₹1710, while using tight stop-loss levels to manage risk effectively.
NSE:COROMANDEL
by Simplecharttraders
Coforge Ltd.The daily chart of Coforge Ltd. (NSE) shows a rising wedge pattern, typically a bearish formation, with the price nearing the resistance zone around ₹8300-8350. Key support levels lie at ₹8000 (wedge support and 50-day MA), ₹7400 (100-day MA), and ₹7000-7100 (long-term support). While the stock remains in an uptrend, weakening momentum is suggested by bearish divergences in the RSI and a bearish MACD crossover. A breakout above ₹8350 with strong volume could signal further bullishness toward ₹8500-8600, while a breakdown below ₹8000 could target ₹7400 and lower. Traders should watch for a decisive move outside the wedge and use tight stop-loss levels to manage risk.
NSE:COFORGE
by Simplecharttraders
BankNifty Intraday Support & Resistance Levels for 25.11.2024On Friday, BankNifty opened with a gap-up, hitting a low of 50508.25 during the first 15 minutes and rallying to a high of 51271.50, breaking both the 30m and 75m Supply Zones mentioned earlier. It closed at 51135.40, gaining an impressive 762 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. In the last two sessions, after hitting a low of 49787.10, BankNifty has rallied over 1450 points. However, the Daily Trend (50 SMA) remains negative, and caution is advised at higher levels unless the trend turns positive and sustains. Demand/Support Zones Near Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support (61.8% FIBO): 49282.65 Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 Near Supply/Resistance Zone (75m): 51586.35 - 52169.05 Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
NSE:BANKNIFTY
by PriteshPal
MEDPLUS - 3 YEARS TRENDLINE BREAKOUT Can Enter at 760 if again falls then you need to average at 565 level Target - 980,1230,1340 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:MEDPLUSLong
by Jagadheesh_JP
Swing Trade Idea in Murugappa Group stock | 30% upside possible.Hello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock name is Cholamandalam investment and finance ltd, which is belong from Murugappa Group, a prominent Chennai-based conglomerate founded in 1900. It is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans and Loan against property. Stock has almost taken support from important support zone, i feel this should fly now towards 1500+ levels within 1-3 months timeframe. I have positive view in banking and non banking finance company atleast for near term, chart is really looking good from here, so there is higher probability that we are gonna to see good momentum in it. For short term i have written all the levels on chart you can follow. Stock is really good for long term as well and it is giving good entry levels as well on discounted price. So if anybody wants to decide and go for long term investing can go from here... Fundamentals:- Market Cap ₹ 1,01,590 Cr. Current Price ₹ 1,208 High / Low ₹ 1,652 / 1,011 Stock P/E 26.4 Book Value ₹ 255 Dividend Yield 0.17 % ROCE 10.4 % ROE 20.2 % Face Value ₹ 2.00 Industry PE 23.1 Debt ₹ 1,57,943 Cr. EPS ₹ 45.9 Promoter holding 50.2 % Intrinsic Value ₹ 700 Pledged percentage 0.00 % EVEBITDA 15.4 Change in Prom Hold -0.09 % Profit Var 5Yrs 23.4 % Sales growth 5Years 21.9 % Return over 5years 31.2 % Debt to equity 7.38 Net profit ₹ 3,852 Cr. ROE 5Yr 19.0 % Profit growth 27.4 % Earnings yield 6.40 % PEG Ratio 1.13 Pros:- Company is expected to give good quarter Company has delivered good profit growth of 23.4% CAGR over last 5 years 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.
NSE:CHOLAFINLong
by TraderRahulPal
Nifty Intraday Support & Resistance Levels for 25.11.2024On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. As highlighted in earlier posts, "If it holds the support (23350), we might see some bullish momentum till 23900 - 24250." Nifty delivered on this expectation, hitting the target of 23900. However, with the Daily Trend (50 SMA) still negative, caution is advised at levels above 24000 unless the trend turns positive and sustains. Demand/Support Zones Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support (61.8% FIBO): 23189.88 Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24004.60 - 24336.80 Near Supply/Resistance Zone (75m): 24106.90 - 24242.00 Far Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (75m): 24636.75 - 24741.45
NSE:NIFTY
by PriteshPal
ADANI POWER - TRENDLINE RESISTANCEADANI POWER has faced Resistance at the upper trendline multiple times. Its been 5months since it has been facing the resistance. Now it is taking support at an old support level since last month. If it breaks the trendline resistance then it may give a good upside move. But wait for Re-test after the Breakout. It may go up to 670-75 and then re-test at around 635-625 levels. In case it breakdowns then next support level is around 500. For learning and educational purposes only, not a trading advice.
NSE:ADANIPOWER
by SatpalS
Nifty 50 with key levels marked This chart represents the Nifty 50 index with key levels marked, including resistance (R1, R2), support (S1, S2, etc.), and the 200-day Simple Moving Average (SMA). Here's an analysis based on the visible details: 1. *Price Action*: - The Nifty 50 index showed a significant bullish move, closing above its previous resistance near R1. - The strong green candlestick indicates robust buying momentum. 2. **Key Levels**: - **Resistance**: R2 around 24,499.40 could act as the next hurdle if the bullish trend continues. - **Support**: Multiple support zones below (e.g., S1, S2 at 23,335.40 and 23,023.40) may provide cushioning in case of a pullback. 3. **200-day SMA**: - The price is trading near the 200-day SMA, an important technical level that often signifies trend direction in the medium to long term. 4. **RSI (Relative Strength Index)**: - RSI is at 44.41, indicating neutral momentum. The index has not yet entered overbought or oversold territory, providing room for further movement. ### Observations: - The bullish breakout suggests short-term strength, but resistance at higher levels (like R2) should be closely watched. - Sustaining above the 200-day SMA would reinforce a bullish outlook. - Monitoring volume during this move would give additional insights into the strength of this breakout.
NSE:NIFTY
by AnkurDasTrader
3
Crude Oil 71.75 Crucial level_Break Upside Go LongThe U.S. Dollar And Oil Relationship Is Changing. Historically, the price of oil is inversely related to the price of the U.S. dollar. A barrel of oil is priced in U.S. dollars across the world. When the U.S. dollar is strong, you need fewer U.S. dollars to buy a barrel of oil. When the U.S. dollar is weak, the price of oil is higher in dollar terms. The United States has historically been a net importer of oil. Rising oil prices cause the United States trade balance deficit to rise as more dollars are needed to be sent abroad. The former still holds true today, the latter….not so much. Due primarily to the success of horizontal drilling and fracking technology, the U.S. shale revolution has dramatically increased domestic petroleum production. In fact, the United States became a net exporter of refined petroleum products in 2011, and has now has become THE largest producer of crude oil overtaking Saudi Arabia and Russia!
TVC:USOILLong
by Pranay_Kamdi
Persistence System breakout tradePersistence System chart indicates a symmetrical triangle pattern, with key resistance at 6000 and support near 5400. The stock is trading above its 50-day MA, 100-day MA, and 21-day EMA, reflecting bullish momentum, a breakout above 6000 with strong volume could signal a bullish continuation toward 6500-6600. Aggressive traders can consider entering on a confirmed breakout above 6000 with a stop-loss near 5800, targeting 6500, while conservative traders may wait for a sustained breakout.
NSE:PERSISTENT
by Simplecharttraders
Bitcoin Big Decision: $100k Breakout or $75K Drop?#Bitcoin Big Decision: $100k Breakout or $75K Drop? 🔰 Key Levels: ▪️ $100k Resistance: CRYPTOCAP:BTC is showing weakness around this psychological level due to low trading volume. ▪️ Swing Low Support: $95,650 – A breakdown here could signal bearish momentum. ▪️ Trendline Resistance: $94,100 – Breaking below this level may lead to a 10%-20% correction. 🔰 Bearish Outlook: If #BTC breaks both $95,650 and $94,100, downside targets are $85,000 and $75,000. 🔰 Bullish Case: If BTC holds above $94,100, a continuation toward $120K is possible, supported by volume. ⚠️ Risk Management: Current volatility is high. Traders should monitor these key levels closely and use stop-loss orders to mitigate risks.
Short
by CryptoPatel
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
1
Strength in Dollar_USDINRIndian Rupee hits all-time low of 84.50 against Dollar. Indian Rupee plunged to a record low, pressured by continuous foreign outflows and renewed strength in dollar. The Rupee pierced the crucial 84.50 to the Dollar mark intraday on Friday to touch an all time low, but closed higher vis-a-vis previous close as RBI intervened in the forex market to prop it up. The Indian unit (INR) dipped to a record low of 84.5075 per Dollar intraday as the greenback (USD) gained against global currencies and there were foreign portfolio investor (FPI) related outflows from the domestic equity markets. It closed at 84.4450 per USD, up about 5 paise, as compared with the previous close of 84.4925.
Long
by Pranay_Kamdi