Trend Analysis
Charting Paytms future*Background*
One 97 Communications Ltd. (Paytm) is an Indian financial technology company that offers a range of digital financial services, including mobile payments, digital wallets, and financial services.
*Technical Analysis*
The chart shows a strong downtrend in the price of Paytm since its listing. The stock has been consistently making lower lows and lower highs, indicating a bearish sentiment.
*Key Observations:*
* Downward Trend: The overall trend is clearly bearish, as evidenced by the downward sloping trendline.
* Head and Shoulders Pattern: The chart shows a potential inverse head and shoulders pattern, which is a bullish reversal pattern. However, the pattern is not yet complete, and the price needs to break above the neckline for the pattern to be confirmed.
*Possible Future Movement*
If the price breaks above the neckline of the potential head and shoulders pattern, it could signal a reversal of the downtrend.
However, if the price fails to break above the neckline or breaks below the support level, it could continue the downtrend.
*Trading Strategy*
* Conservative Approach: Wait for the price to break above the neckline of the head and shoulders pattern before taking a long position.
* Aggressive Approach: Enter a long position at the current support level with a stop-loss below the recent low.
Disclaimer:
This analysis is based on the current price action and technical indicators. It is not a financial advice and should not be taken as such. Please consult with a financial advisor before making any investment decisions.
Star Health & Allied Insurance Ltd (Star) at ATL available Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider and is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21 with leadership in the attractive retail health segment.
ATH Profit and sales. where as ATL price. Good buy for long term.
Futuristic sector as people will increase who take policies.
Texmaco Rail& Eng by KRS Charts20th Sept 2024 / 3:19 PM
Why TEXRAIL ❓
1. All Over Bullish in Trend by making HHs & HLs.
2. Was correcting for over 3 months and Today Big Green Candle Closing with Range Breakout ✅
3. Also, in 1W it'll probable closing hammer candle stick too.
4. Furthermore, my conviction is on today only is because of its in Fibbo Golden Zone ❗
Target is Expected to break ATH price point 👍🎯
PRECISION CAMSHAF NSE By KRS ChartsDate : 23rd May 2024
Time : 1:08 pm
Fundamentally Profitable Company Precision Camshaf is showing bullish trait.
--> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point.
---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern.
Very First Upside Target is 333 Rs which is height of flag , Further Targets will be after price reach T1.
Thank You!
Have A Good Day!
Open Interest Analysis with Dynamic Threshold Highlights This Open Interest (OI) Analysis indicator is tailored specifically for the Indian markets, providing insights into the NIFTY, Bank NIFTY, and SENSEX indices. By visualizing Open Interest data dynamically, this tool helps traders assess market sentiment and identify key trends or reversals in the Indian stock market. This indicator is ideal for traders and investors looking to leverage OI data to understand institutional behavior, detect potential turning points, and refine entry and exit strategies.
Key Features:
1) Comprehensive Open Interest Display:
Choose between Open Interest, Open Interest Delta (daily change in OI), OI Delta with Relative Volume (OI change adjusted by relative volume), and OI RSI (an RSI-based measure for OI) to customize how you view market sentiment across NIFTY, Bank NIFTY, and SENSEX.
2)Index-Specific Compatibility:
The indicator allows users to view OI data across NIFTY, Bank NIFTY, and SENSEX —India's most actively traded indices. By default, it displays Bank NIFTY , but traders can easily switch between indices to suit their trading focus. This multi-index approach provides a comprehensive picture of the Indian market, allowing users to analyze sector-specific sentiment and track institutional interest.
3) Dynamic Threshold-Based Highlighting:
Highlight Large OI Changes: The indicator visually highlights significant increases and decreases in OI, using fluorescent green for large increases and fluorescent red for large decreases. This makes it easy to identify unusual shifts in Open Interest that may indicate strong buying or selling activity.
Customizable Threshold Multiplier: Users can adjust the sensitivity of these highlights using a multiplier. A higher multiplier filters out smaller fluctuations, focusing only on the most significant changes in OI.
4)Advanced Color and Display Settings:
Customize colors for general uptrends and downtrends, highlight significant moves, and set index or INR as the quote currency. These options make the indicator visually adaptable, allowing users to tailor it to match their preferred chart themes.
5)Technical Analysis Tools:
EMA Smoothing: Smooth out Open Interest data with an Exponential Moving Average (EMA) to reveal longer-term OI trends and filter noise. This is particularly helpful for spotting sustained institutional interest in the market.
RSI on Open Interest: The indicator includes an RSI (Relative Strength Index) option for OI, allowing traders to gauge the momentum of Open Interest. This feature can help identify overbought or oversold conditions specific to Open Interest, providing an additional layer of analysis.
6) Visual Threshold Lines:
Display threshold lines for both positive and negative OI Delta values, acting as benchmarks for evaluating the significance of OI changes. This is particularly helpful for understanding whether OI movements are within a typical range or reflect an extraordinary event.
How to Use:
1)Identify Key Market Sentiment Shifts:
Watch for fluorescent green and red highlights to identify unusual increases or decreases in OI, which can signal strong buying or selling pressure in NIFTY, Bank NIFTY, or SENSEX.
2) Analyze Multiple Indices for Sector-Specific Insights:
Toggle between NIFTY, Bank NIFTY, and SENSEX to track how each segment is performing. Bank NIFTY, for example, may show significant OI increases during periods of heightened activity in the banking sector, while NIFTY or SENSEX may reflect broader market sentiment.
3) Confirm Entry and Exit Points with Technical Indicators:
Use the EMA on OI to observe sustained trends and the OI RSI to validate potential overbought or oversold conditions. Together, these indicators can help traders make more informed decisions about entry and exit points.
Settings Overview:
Display Options: Choose from Open Interest, Open Interest Delta, OI Delta with Relative Volume, or OI RSI for customized analysis.
Data Source Selection: Easily switch between NIFTY, Bank NIFTY, and SENSEX for a comprehensive view of Indian market sentiment.
Threshold Multiplier: Adjust to control the sensitivity of highlights for large OI changes.
Highlight Colors: Set fluorescent colors to emphasize large OI increases and decreases.
Technical Indicators: Enable or disable EMA and RSI options for enhanced trend analysis.
Example Use Cases:
Swing Traders in the Indian market can utilize this indicator to monitor large OI decreases as potential reversal signals, especially on Bank NIFTY.
Intraday Traders can look for significant OI increases highlighted in fluorescent green on the 5-minute or 15-minute timeframe to detect early signs of momentum in either direction.
Index Traders can switch between indices to analyze where institutional interest is most concentrated, helping to track broader market sentiment across NIFTY, Bank NIFTY, and SENSEX.
Axis Bank: Slipping Gently or Taking the Express Route Down?#axisbank
🐻 Axis Bank: Slipping Gently or Taking the Express Route Down? 🛬
Axis Bank is currently parked at 1,165-1,170, but from the looks of it, this might be the last stop before it starts exploring some serious basement deals. With 1,075, 1,024, 1,006, and, if things get really spicy, 964 on the radar, Axis is giving us vibes of a stock that’s ready for a bargain hunt! 📉
Now, 1,024-1,006 looks like it’s holding the fort as a “strong support.” But you know how it goes with support levels — they’re there until Axis decides it’s more fun to test their limits! Think of it as Axis Bank’s version of a trust fall. Will it hold or plunge? Only time will tell!
For now, keep those stop-losses tight, grab some popcorn, and get ready to see if Axis Bank’s dive goes all the way to the bargain bin at 964. Will it bounce, or is it on a mission to redefine what “lower lows” mean? Either way, this could be one thrilling descent! 🎢🐻
Wish You Happy & safe trading
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
GOLD SHORT 31 OCTObserved a major consolidation breakout on a higher time frame, followed by a retest and rejection at minor consolidation support, which prompted my entry. Price is currently filling an imbalance (FVG) but may trap and reverse, potentially taking out the FVG before moving up due to the overall bullish trend. Noted significant resting liquidity at demand zones, so I secured 50% profits at the FVG and moved the stop loss to entry. Monitoring for continuation downward to trap FVG buyers. Feel free to like and comment for further trade insights!
Xauusd Trading setup for 31-10-2024 #Goldsetup #XauusdrocksXauusd reacted as expected and predicted in my levels from 2789
Today also play between 2789 and 2777, avoid trading in between.Always use stoploss
I'm overall bullish on long term but we can expect ocassional selling pressure.
Do boost If you agree:)
Cheers
TATA STEELThese are compelling reasons to consider a long position on TATA STEEL:
1. Strong Daily Support: When a stock sits on a well-established support level, it often indicates a potential bottom, reducing downside risk and creating a favorable risk-reward scenario.
2. Bullish Candle Pattern on Support Zone: A bullish candle at a support level can confirm buyer interest at that price, often signaling a reversal from that point.
3. Strong Fundamentals: With solid fundamentals, Tata Steel can be more resilient during market volatility, increasing the probability of a sustainable upside.
4. Nifty Metal on Daily Support: If the Nifty Metal index is on support, it can give sector-wide strength, providing momentum to Tata Steel if the sector bounces.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
Dr Reddy parallel channel view- ascending parallel channel
- touched the bottom line
- may consider when the reversal candle is form
- during market correction this stock reached the fib retracement 61.8 at the level of 1235 from its all-time heigh.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before trade.
in.tradingview.com
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
TCS Trading within Demand Zone of ₹3980 to ₹3895.6TCS, trading at ₹3964, is positioned within its demand zone ranging from ₹3980 to ₹3895.6, last validated on July 12, 2024. This area could act as a potential support zone, where buying interest might emerge. Investors may watch for upward trends from this range as a signal for potential entries.
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM
Why KOTHARIPETRO❓
1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅
2. Technically, All Time Bullish Stock. 📈
3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone.
4. Though Better Entry would be around 206 to 209 Rs range.
5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪
Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
Nifty Intraday Levels | 31-OCT-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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Pre Market NIFTY 50- 31oct 24Market Analysis NIFTY 50- 31 oct 24 - NIFTY opening 24352 , immediate near Support - 24310 -PDL + PSY , next support 24249 for breakdown watch fr 24180
RESISTANCE- should sustain 24384 - pivot and should see 24450 -2nd Resistance in bullish trendline breakout
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day!
Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal.
Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach.
Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!