My view on Aadhar housing finance Fundamentals are strong. it can be touch upper trendline somewhere 540 in near future.
Note- This is just an idea, not a recommendation.
Trend Lines
Dabur Weekly ChartDabur trading Near Important Support__trenddline+ Ema200 with volume decrese Reversal Possibility
Jammu & Kashmir Bank - Breakout of downward channelJ&K bank is the hidden gym in Banking sector. I am super bullish on J&K bank on account of following:
1. Increasing top-line from last 13 quarters
2. Best TTM results
3. Asset quality increasing quarter on quarter
4. Currently at 52 week low - every time it hits 52 week low, it moves to 52 week high
5. Break out of downward channel
Amazing Value Buy - Given market conditions, it may spend time / move toward support - Must to have in your portfolio - 20%- 50% rise.
Keep following @cleaneasycharts as we provide Right Stock, at Right time, at Right Price!!!!
3Rs = cleaneasycharts recommendation.
Cheers!!
BANKNIFTY still in consolidation phase, yet to decide.As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your Trades accordingly as market can remain bearish to sluggish in coming trading sessions.
HDFC Bank Ltd - Base consolidation setup on a weekly timeframe Amidst the broader market volatility, HDFC Bank among the large cap has formed a flat base consolidation with price nearing breakout zone on a weekly timeframe.
Ideal to keep a close watch on this stock.
The stock price is trading above the 30 weekly moving average.
An up-move could be seen if it breaks out above 1800.
Stop loss at 5-8% is ideal.
Target: Initial target 20-25% for positional trade. Post that, trailing stop loss at higher level.
Note: Not a buy/sell recommendation. Please consult your advisor.
[XAUUSD] 2024.11.11 - 2024.11.15 ForecastThe Weekly candle was closed and has no candle close above 2710, which means this is not a trading range(Swing).
So my idea for next week is price will go down to 2776 or 2766 at least before going up to fill the 4H candle Top Wick before going down again.
With many Strategies, like SMC, Supply and Demand, or Trend Line, 274x Zone is the best zone for selling gold next week.
Thanks.
Expectations from Asian Paints post Q2 FY 25Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ
Consolidated earning at 693 crores -43 % YOY, -41% QOQ
Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ
Standalne earning 602 crores -48 % YOY, -49% QOQ
Personal View::
Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24).
The stock is bearish since sept 16 2024.
Expecting 2440-2525 to hold if coming week bearish momentum continue.
If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY
Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 53.54 Lakh
24200 Strike – 30.15 Lakh
24400 Strike – 24.48 Lakh
Put Writing
24200 Strike – 27.03 Lakh
23500 Strike – 24.51 Lakh
24000 Strike – 23.55 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Banknifty Intraday Analysis for 08th November 2024NSE:BANKNIFTY
Index closed near 51915 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 21.11 Lakh
52500 Strike – 18.74 Lakh
52000 Strike – 14.27 Lakh
Put Writing
52000 Strike – 14.86 Lakh
51500 Strike – 8.93 Lakh
51000 Strike – 8.28 Lakh
Index has resistance near 52400 – 52500 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range.
Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
Finnifty Intraday Analysis for 08th November 2024NSE:CNXFINANCE
Index closed near 23965 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 7.07 Lakh
24200 Strike – 6.51 Lakh
24300 Strike – 4.36 Lakh
Put Writing
23900 Strike – 4.28 Lakh
23500 Strike – 3.85 Lakh
24000 Strike –3.35 Lakh
Index has resistance near 24250 - 22300 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
Midnifty Intraday Analysis for 08th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 12.36 Lakh
12600 Strike – 11.73 Lakh
12700 Strike – 10.01 Lakh
Put Writing
12600 Strike – 10.42 Lakh
12500 Strike – 8.40 Lakh
12300 Strike – 8.38 Lakh
Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Chart contains support and resistance levels (understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecast
And the weakness continues..As we can see BANKNIFTY remained weak throughout the day as we analysed in our last post that BANKNIFTY is going to remain weak below 52500 level hence every rise can be sold till 52500 is broken above and sustained for new uptrend so plan your trades accordingly.
#NIFTY50 - 7TH NOVEMBER!!NSE:NIFTY
Chart contains support and resistance levels ( understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
Ps note: I'm not SEBI Registere 🙏🏻
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 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
RVNL - Currently turning from the bottom support area.
1. **Ascending Channel**:
- The stock has been following a larger ascending channel, indicating an overall long-term uptrend.
- However, within this channel, a secondary descending channel appears in the recent period, suggesting a correction within the larger uptrend.
2. **Recent Price Action**:
- The price is attempting to break out of the smaller descending channel within the larger ascending channel.
- It is currently near the upper boundary of this descending channel. A breakout above this level, especially if it closes above, could signal a continuation of the larger uptrend.
3. **Volume Analysis**:
- There has been a recent increase in volume as the price rises, which could indicate buying interest and possibly a reversal of the recent downtrend.
4. **RSI**:
- The RSI is around 51.46, near the neutral 50 line, It is also trending slightly upward. If it continues to rise above 50, this would reinforce bullish momentum.
5. **Support and Resistance Levels**:
- **Immediate Resistance**: Around the upper boundary of the descending channel, and a successful breakout would make the next resistance at the upper boundary of the broader ascending channel.
- **Support**: The lower boundary of both channels is key, providing support if the price turns back down.
### Conclusion
This chart suggests that the stock is in a potential breakout phase from its recent downtrend, while remaining within a larger uptrend. A strong breakout from the smaller channel and sustained movement above 50 in the RSI would strengthen the bullish case. However, a rejection at this level may lead to further consolidation or a retest of lower support levels.
#BANKNIFTY - 8TH NOVEMBER!!NSE:BANKNIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Chart contains support and resistance levels (understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecas@thetradeforecastY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Chart contains support and resistance levels (understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecast
APAR INDUSTRIES LTD#APARINDS
Current Trend: Uptrend since August, but showing recent weakness with slight downward movement.
Support Level: Around 9,300 INR. Watch for signs of holding at this level for potential reversal.
Resistance Level: Near 10,000 INR, where selling pressure has occurred previously.
Volume: Recent candles show lower volume, indicating market indecisiveness or weak downward movement.
Short-Term Buy Recommendation:
Entry Range: 9,350-9,400 INR, if the stock stabilizes or shows bullish signals. Target: Short-term potential up to 9,800-10,000 INR.
Likely Price Movement:
If the stock holds above 9,300 INR, it may rebound towards 10,000 INR.
If it breaks below 9,300 INR with high volume, further downside is possible.
Nifty Intraday Analysis for 07th November 2024NSE:NIFTY
Index closed near 24485 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 137.83 Lakh
24500 Strike – 101.82 Lakh
24800 Strike – 74.00 Lakh
Put Writing
24000 Strike – 87.97 Lakh
23500 Strike – 77.59 Lakh
24200 Strike – 71.85 Lakh
Index has resistance near 24650 – 24700 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.
Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24000 – 23900 range.
Banknifty Intraday Analysis for 07th November 2024NSE:BANKNIFTY
Index closed near 52315 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 11.18 Lakh
52500 Strike – 10.20 Lakh
53500 Strike – 7.99 Lakh
Put Writing
52000 Strike – 9.41 Lakh
51000 Strike – 5.76 Lakh
51500 Strike – 5.63 Lakh
Index has resistance near 52900 – 53000 range and if index crosses and sustains above this level then may reach near 53500 – 53600 range.
Index has immediate support near 51700 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
Finnifty Intraday Analysis for 07th November 2024NSE:CNXFINANCE
Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 3.76 Lakh
24500 Strike – 2.90 Lakh
24400 Strike – 2.78 Lakh
Put Writing
24200 Strike – 3.41 Lakh
24000 Strike – 2.56 Lakh
23800 Strike –2.06 Lakh
Index has resistance near 24375 - 22425 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.
Index has immediate support near 23900 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
Midnifty Intraday Analysis for 07th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 6.83 Lakh
12600 Strike – 4.43 Lakh
12700 Strike – 4.35 Lakh
Put Writing
12300 Strike – 8.99 Lakh
12500 Strike – 6.77 Lakh
12600 Strike – 5.10 Lakh
Index has immediate resistance near 12800 - 12850 range and if index crosses and sustains above this level then may reach 12950 – 1300 range.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
ARBUSDT: Will This Key Support Hold or Trigger a Reversal?Yello, Paradisers! ARBUSDT has formed a descending triangle pattern accompanied by bullish divergence, and the current price rests within a key support zone, heightening the potential for an upward move.
💎If ARBUSDT shows an I-CHoCH (internal change of character) or develops bullish formations like a W-pattern or inverse head and shoulders from here, the likelihood of an upward move increases significantly.
💎A more secure signal would be a breakout with a candle close above the resistance zone. However, don’t overlook BTC’s price action — it’s crucial for validating any breakout's strength.
💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish outlook. In that scenario, patience is key; wait for a more favorable structure before making a move.
🎖 Remember, trading smart means adapting to new data and preserving capital. Stay disciplined and vigilant, Paradisers!
MyCryptoParadise
iFeel the success🌴
