FSL - Ichimoku Breakout📈 Stock Name - Firstsource Solutions Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 351.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Trend Analysis
NDX intraday levels for 23rd Oct 2024 Please check the levels on chart.
My today's view on market (only for study and your analysis) is sell on rise.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
MFSL Major Breakout with Volume Surging NSE:MFSL Breaking Out Major Levels with Big Volume Surge on Hourly TF.
Trade Plan:
Entry: On Retracement Near 20 EMA or Breakout of Swing High 1300.
Stop Loss: Entry Candle Low.
No Trade: if Below 1200.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📍📌Thank you for exploring my idea! I hope you found it valuable.
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Meanwhile, Check out my other stock ideas below until this trade gets activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Metropolis Healthcare - Technical analysis Metropolis Healthcare Ltd. (MHCL): A Technical Analysis
Background:
Metropolis Healthcare Ltd. is a leading provider of diagnostic services in India. It offers a comprehensive range of laboratory tests and imaging services, catering to both individuals and healthcare institutions.
Technical Analysis:
Key Observations from the Chart:
* Long-term Upward Trend: The stock has been in a long-term uptrend since 2020, with consistent higher highs and higher lows.
* Recent Consolidation: The stock has been consolidating in a range between 1800 and 2300 for the past few months.
* EMA Crossover: The 10-day EMA has crossed below the 50-day EMA, signaling a potential bearish trend.
* RSI (Relative Strength Index): The RSI is currently below 50, indicating bearish momentum.
* MACD (Moving Average Convergence Divergence): The MACD line has crossed below the signal line, confirming a bearish crossover.
* Bollinger Bands: The stock price is trading near the lower band of the Bollinger Bands, suggesting oversold conditions.
Potential Future Movement:
Given the current technical indicators, the stock is likely to continue its consolidation phase in the short term. However, the long-term uptrend remains intact. A breakdown below the 1850 support level could trigger a further downside move. On the other hand, a breakout above the 2600 resistance level could signal a resumption of the uptrend.
Support and Resistance Levels:
* Support: 1850
* Resistance: 2600
Trading Strategy:
Entry:
* Buy: Wait for a breakout above the 2600 resistance level with a stop-loss below the 1850 support level.
* Sell: A breakdown below the 1850 support level could be a good opportunity to initiate a short position with a stop-loss above the 2600 resistance level.
Exit:
* Profit Target: For a long position, target the next resistance level, which could be around 2600. For a short position, target the next support level, which could be around 1700.
* Stop-Loss: A stop-loss order should be placed to limit potential losses.
Disclaimer: This analysis is based on technical indicators and past price movements. It is not a recommendation to buy or sell the stock. It is important to conduct your own research or consult with a financial advisor before making any investment decisions.
Additional Considerations:
* Fundamental Analysis: It is crucial to consider the company's fundamentals, such as its financial performance, growth prospects, and competitive landscape.
* Risk Management: Always practice proper risk management by diversifying your portfolio and using stop-loss orders.
* Market Sentiment: Keep an eye on market sentiment and news related to the company and the broader market.
Please note that this analysis is for informational purposes only and should not be taken as financial advice.
Nifty 50 correction – where does it probably end?Oct 23, 2024
After hitting a high of 26,277, Nifty began spiraling down.
On the weekly chart, it appears like Nifty has completed Waves 1, 2, and 3.
It is now in correction in the form of Wave 4.
In Wave 2, Nifty corrected by around 17.5%. Common Fibonacci retracements for Wave 4 would target: 23.6% of Wave 3 or 38.2% of Wave 3, which is the maximum.
Do you think this is possible? Share your thoughts with us through comments.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Nifty Intraday Analysis for 23rd October 2024NSE:NIFTY
Index closed near 24470 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 94.74 Lakh
24800 Strike – 62.23 Lakh
24700 Strike – 49.43 Lakh
Put Writing
24000 Strike – 57.51 Lakh
24500 Strike – 36.60 Lakh
24400 Strike – 33.40 Lakh
Index has resistance near 24700 – 23800 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24450 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.
Banknifty Intraday Analysis for 23rd October 2024NSE:BANKNIFTY
Index closed near 51260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 42.56 Lakh
52000 Strike – 40.73 Lakh
518000 Strike – 22.81 Lakh
Put Writing
51000 Strike – 22.27 Lakh
50000 Strike – 20.34 Lakh
50500 Strike – 16.36 Lakh
Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range.
Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
Finnifty Intraday Analysis for 23rd October 2024NSE:CNXFINANCE
Index closed near 23700 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 2.16 Lakh
24200 Strike – 1.00 Lakh
24100 Strike – 0.76 Lakh
Put Writing
24000 Strike – 1.08 Lakh
23700 Strike – 1.07 Lakh
23800 Strike – 0.93 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23500 – 23400 range and if this support is broken then index may tank near 24200 – 24100 range.
Midnifty Intraday Analysis for 23rd October 2024NSE:NIFTY_MID_SELECT
Index closed near 12440 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12700 Strike – 11.98 Lakh
12600 Strike – 5.90 Lakh
12500 Strike – 5.59 Lakh
Put Writing
12400 Strike – 7.09 Lakh
12500 Strike – 6.98 Lakh
12300 Strike – 4.24 Lakh
Index has immediate resistance near 12650 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range.
Index has immediate support near 12300 – 12200 range and if this support is broken then index may tank near 12000 – 11900 range.
Intraday Levels for 24/10/2024BANKNIFTY Intraday Levels for 24/10/2024
Here are the BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
The SL (Stop loss) for each trade should be there.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
Nifty levels - Oct 24, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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Wishing you success in your trading activities!
BankNifty levels - Oct 24, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
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
A clear play on Auto sales and the Bajaj GroupThis was the original Bajaj entity, now restructured into a holding company that supports Bajaj Auto and other family businesses. I believe it’s a PPFAS favourite and a low-risk stock. With new measures removing holding company discounts, it stands to benefit significantly from the upcoming favourable market conditions.
EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD
EURUSD is currently trading at 1.11900
My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side.
Shorting EURUSD pair at CMP 1.11900
I will be adding more position if 1.12300 comes & will hold with SL 1.12850
Targets I'm expecting are 1.10200 - 1.09150 - 1.07700
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Bitcoin Bybit chart analysis October 21Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
Nasdaq is in a stronger downtrend than expected.
I was a little nervous while analyzing.
Bit is currently in the 1+4 section (a meaningful support line)
Tether Dominance is in a short-term uptrend
It was a place where I had a lot of concerns.
Nasdaq currently looks like it is either in a crash or a downward sideways movement.
Bit is a place where I am concerned about the 12-hour chart MACD dead cross
It seems that it will be applied importantly depending on the movement today.
Overall, I proceeded as safely as possible.
*When the blue finger moves,
Bidirectional neutral
Long->Short switching strategy
1. When the purple finger reaches $68,706.5 at the top
Start with a short position / Stop loss when the orange resistance line breaks through
2. Switch to a long position at $67,792.5 -> Check the lower tail of the long position until $67,512 in the first section / Stop loss when the blue support line breaks
3. Switch to a short position at $69,069 / Stop loss at the orange resistance line or proceed autonomously
As I roughly explained above,
In the case of an immediate decline from the current position and a downward wave after a downward wave, the position may change.
*Whether it is a purple finger short->long switching
or a long wait in the blue finger, section 1
You should carefully check the real-time movement.
It is a sideways market up to the orange resistance line / sky blue support line,
but if the orange resistance line is not broken today,
the 12-hour chart MACD dead cross pressure may be connected after tomorrow.
Depending on the movement of Nasdaq today,
if the sky blue support line is damaged or falls downward,
please pay attention to the Bottom -> 2 section at the bottom.
Up to this point, please use my analysis as a reference only,
and I hope you operate safely with the principle of loss cut price.
Thank you.
Nifty Future SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
SHEMAROO ACCUMULATION SEEN NEAR LOWER END OF PARALLEL CHANELShemaroo has been following a upward parallel channel for past 4 yrs.
Higher volumes on monthly timeframe in past 1 yr suggest accumulation in this stock.
Near 145-155 levels there is a good risk reward opportunity for going long. Buying zone near 150 levels; tgt 225>>255>325; once can keep 125 stop on weekly closing basis.
Chennai Petroleum for 85%+ gainsDate: 23 Oct’24
Symbol: CHENNPETRO
Timeframe: Daily
The 14th Oct post is not visible somehow so posting the same chart.
Chennai Petroleum Corp Ltd currently seems to be in Wave 4 which may end around 780-820, marked as demand zone in the chart. September quarter results are not good so consolidation in Wave 4 can be longer. Wave 5 could then head to around 1500+ levels (85%+ from end of Wave 4). We can review this for more clarity on the target when it moves past 1000.
This is not a trade recommendation. Please do your own analysis.
Chennai Petroleum Corp Ltd vartamaan mein Wave 4 mein dikh raha hai jo 780-820 ke aaspaas samaapt ho sakta hai, jise chart mein Demand zone ke roop mein dikhaya gaya hai. September quarter ke result acche nahi aaye hain to Wave 4 thoda lamba chal sakta hai. Wave 5 tab lagbhag 1500+ star (Wave 4 ke ant se 85%+) tak pahunch sakta hai. Target par adhik spashtata ke lie ham iski sameeksha tab kar sakate hain jab yah 1000 ke paar chala jae.
Yah koi trade lene ki salah nahi hai. Kripya apna vishleshan khud karein.