Support Levels 24000 23700 23500 Resistance Levels 24200 24500 24800
price can retrace my points and move upside wait for the price to touch th epoints and then plan your trades
Price welcome to the discount zone and I have marked two points on the chart from where Price can reverse. We can plan a trade in the lower time frame like 30 minute or one hour and with proper risk management.
The stock touched its all time high 198 in Sept/Oct 2017 and has been in downtrend since then largely trading below its 200EMA. The stock has formed multi-year Rounding Bottom pattern, with another minor rounding bottom inside it. The short term, intermediate and long term targets & major resistance levels are indicated in the chart.
Aditya Birla Capital, AB Capital stock has seen huge correction (value erosion after IPO) from Yr 2017 upto Yr 2020, from the High of 255 to Low of 39 in the span of 3yrs. The stock rode the wave of bullish sentiments in the stock market after Covid19 and touched the high of 199 in July 2023. The stock is close to giving multi-year breakout (7yr) based on...
In the daily chart Nifty is trading in a zone. The 50day moving average is at 24022 which is presently acting as the support system of nifty and on the upward 24338 and 24315 is acting as the resistance. so if nifty crosses on the either side with big volume then we can see the upward movement or downward movement or viceversa.. #nifty #nifty25k #trading...
let the price come to dicount and then we can make entry
Rounding bottom / Cup & Handle pattern complete, suggesting target of 205. Important levels shown in the chart. The stock needs to break down of the trend line, re-test & sustain at support levels before next uptrend.
Based on trendline levels which have been respected in the past and long term support & resistance levels, it seems BankNifty is likely to remain sideways to bearish in short-term perspective with probable correction upto 49800 to 48000 range. (Note : Pls discard 'Long' & 'Short' indicator on the chart)
Utilizing 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...
Nifty 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...
Jyoti Structures Limited (JSL) is an India-based engineering, procurement, and construction (EPC) company in the field of power transmission & distribution networks up to 765 Kilo Volts (kV) & 800 kV alternating current (AC) and high voltage direct current (HVDC) transmission lines and 765 kV Substations. JSL offers a range of services including design &...
In the world of trading, spotting key opportunities can make a significant difference. Today, we'll dive into an exciting analysis of ELGIEQUIP, focusing on its current position and what it signals for future price movement. Key Technical Analysis Daily Demand Zone 📉: ELGIEQUIP has recently reached a significant daily demand zone characterized as a ...
NIFTY IT index is getting ready for the blast in the upcoming days. rsi is getting ready to trade above 60 mark with price is trading above all the moving average.. #niftyit #itsector #infy #tcs #hcltech #techmahindra #wipro
Chart analysis 1) Channel pattern breakout after 3 years 2) Ascending triangle breakout after 2 years 3) good volume breakout
📊 Stock Update: Pokrana 🏢 🔹 Current Market Price (CMP): ₹907 (as of 1:30 PM on 14th August 2024) 🚀 Technical Breakout Alert! Consolidation Breakout: After 924 days of consolidation, Pokrana has finally broken out, signaling a potential bullish trend. Trading Levels: Currently trading above Resistance 2 at ₹803.30, with a strong pivot support at ₹437.50 on the...