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Nifty's Next big Move - Watch for the Next Market Signal!We've already discussed that Nifty is currently in a bearish mode. For Nifty to gain momentum, it needs to form a specific pattern and break out of that pattern, which could indicate an uptrend. Currently, Nifty is forming an inverse head and shoulders pattern, which typically indicates a potential uptrend. If it breaks out of this pattern, we can expect a significant move in Nifty. We need to patiently wait for this to happen before making any investment decisions. In the meantime, we can start exploring other stocks to invest in. Follow me for the next updates and insights!
NSE:NIFTY
by DragonFly-Trading
1
#GLENMARK Setting Up for a Pre-Breakout!💊 Stock Alert: #GLENMARK Setting Up for a Pre-Breakout! 💊 📈 Ready for Another Run: After a previous breakout attempt was halted by market volatility, #GLENMARK is now showing renewed strength, rebounding off support as the pharma sector gains momentum. This time, the stock is forming a Darvas Box—a strong indicator of continued bullish momentum. With these signals aligning, #GLENMARK is set for another bullish run, making it a prime candidate for a swing trade. 🔥 💡 Don’t miss this chance to position early for a potential breakout in the pharma sector! 👀 Target: 1950-2000 Stop Loss: 1695 Trade Risk Free Exit (20-30%): 1830 R/R Ratio: 2-3 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #PharmaStocks #DarvasBox #PreBreakout #SwingTrade #InvestSmart
NSE:GLENMARKLong
by nemi-chand
#PCJEWELLER Offering a Re-Entry for Another Bull Run!💍 Stock Alert: #PCJEWELLER Offering a Re-Entry for Another Bull Run! 💍 📈 Rebound in Motion: #PCJEWELLER is showing renewed momentum, rebounding after finding support at the 50-day moving average. With jewelry stocks recently seeing a massive bull run—even as the broader market struggles with volatility—this is an ideal re-entry for those looking to catch the next bullish wave. The setup is strong, making it a top candidate for a swing trade. 🔥 💡 Don’t miss out on this chance to position early in the jewelry sector’s next upswing! 👀 Target: 180-200 Stop Loss: 150 Trade Risk Free Exit (20-30%): 170 R/R Ratio: 3-4 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #JewelryStocks #PCJeweller #SwingTrade #PreBreakout #InvestSmart
NSE:PCJEWELLERLong
by nemi-chand
#ADSL Gearing Up for Another Bull Run!🚀 Stock Alert: #ADSL Gearing Up for Another Bull Run! 🚀 📈 Golden Pre-Breakout Opportunity: This tech stock is showing strong momentum, even with the broader market facing volatility. #ADSL presents a pre-breakout entry, making it an ideal time to get in early! With #CNXIT indicating bullish momentum across IT stocks, #ADSL looks set to follow the uptrend. This is a prime opportunity to capture the potential bull run ahead of retail investors, positioning it as a strong candidate for a swing trade. 🔥 💡 Keep an eye on #ADSL for this early entry into a potential breakout! 👀 Target: 330-350 Stop Loss: 277 Trade Risk Free Exit (20-30%): 315 R/R Ratio: 3-4 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #ITStocks #PreBreakout #TechStocks #SwingTrade #InvestSmart
NSE:ADSLLong
by nemi-chand
Will DOGEUSDT Break Free or Collapse? The Critical MomentYello, Paradisers! Are you ready for what’s coming with DOGEUSDT? 🧐 Let’s break it down. 💎DOGEUSDT has been in a clear downtrend, sticking closely to a resistive trendline. As it edges closer to a significant support zone, the probability of a bounce increases. This is a key area to watch. 💎If we see a Change of Character (CHoCH) from this support zone and a break of the resistive trendline, we can anticipate a move upward toward the next resistance zones. However, consolidation is also a possibility, so caution is advised before any entries. 💎In the scenario where DOGEUSDT breaks above and closes a candle above the resistance zone, we could see the formation of a "W" pattern. This structure would significantly increase the probability of a bullish move. 💎On the flip side, if the price breaks down and closes below the support zone, this would invalidate the entire bullish idea. Stay alert and make sure you're watching the key levels closely! 🎖As always, patience and discipline are key. We’re staying sharp and sticking to our plan. Only those who maintain a level head and follow the strategy will make it in the long run! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
#JSWSTEEL Primed for a Bull Run!🚀 Stock Alert: #JSWSTEEL Primed for a Bull Run! 🚀 📈 Golden Pre-Breakout Opportunity: Today’s session saw a solid candle with huge volume build-up, even as the overall market remains weak due to volatility. With Q2 earnings just out and looking strong, #JSWSTEEL presents a safer trade amid market fluctuations—just remember to keep a tight stop loss during these volatile conditions. This is a pre-breakout entry, making it a golden chance to get in early! With #CNXMETAL showing momentum in metal stocks, #JSWSTEEL is positioned for a bullish trend. Now’s the best time to enter and capture the bull run ahead of retail traders, making it a solid candidate for a swing trade. 🔥 💡 Keep #JSWSTEEL on your radar for this potential breakout! 👀 Target: 1100-1200 Stop Loss: 953 Trade Risk Free Exit (20-30%): 1050 R/R Ratio: 2/3 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #MetalStocks #Q2Earnings #PreBreakout #SwingTrade #InvestSmart
NSE:JSWSTEELLong
by nemi-chand
#BANKNIFTY - 6TH NOVEMBER 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 a SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
Nifty Intraday Analysis for 05th November 2024NSE:NIFTY Index closed near 23995 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 58.53 Lakh 24500 Strike – 56.96 Lakh 24200 Strike – 41.33 Lakh Put Writing 24000 Strike – 45.83 Lakh 23500 Strike – 39.05 Lakh 24800 Strike – 24.16 Lakh Index has resistance near 24200 – 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24450 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23600 – 23500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 05th November 2024NSE:BANKNIFTY Index closed near 51215 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 31.69 Lakh 52500 Strike – 23.00 Lakh 53000 Strike – 22.40 Lakh Put Writing 51000 Strike – 13.17 Lakh 50200 Strike – 11.78 Lakh 50000 Strike – 11.00 Lakh Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range. Index has immediate support near 50900 - 50800 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 05th November 2024NSE:CNXFINANCE Index closed near 23660 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 31.30 Lakh 24100 Strike – 25.21 Lakh 24200 Strike – 23.68 Lakh Put Writing 23000 Strike – 21.05 Lakh 23500 Strike – 15.77 Lakh 23200 Strike – 15.21 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23300 – 23200 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 05th November 2024NSE:NIFTY_MID_SELECT Index closed near 12290 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12300 Strike – 6.47 Lakh 12400 Strike – 1.52 Lakh 12500 Strike – 1.41 Lakh Put Writing 12300 Strike – 6.71 Lakh 12200 Strike – 2.22 Lakh 12000 Strike – 1.78 Lakh Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range. Index has immediate support near 12225 – 12175 range and if this support is broken then index may tank near 12050 – 12950 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. A Navratna company National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies. Forward Integration NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum. Market Cap ₹ 68,796 Cr. Current Price ₹ 235 High / Low ₹ 286 / 160 Stock P/E 11.2 Book Value ₹ 87.5 Dividend Yield 3.11 % ROCE 30.9 % ROE 23.9 % Face Value ₹ 1.00 Industry PE 20.7 Debt ₹ 3,359 Cr. EPS ₹ 20.1 Promoter holding 60.8 % Intrinsic Value ₹ 470 Pledged percentage 0.00 % EVEBITDA 6.58 Change in Prom Hold 0.00 % Profit Var 5Yrs 4.67 % Sales growth 5Years 11.9 % Return over 5years 22.2 % Debt to equity 0.13 Net profit ₹ 5,887 Cr. ROE 5Yr 24.0 % Profit growth 23.1 % Earnings yield 15.2 % PEG Ratio 2.39 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.
NSE:NMDCLong
by TraderRahulPal
4
Nifty Intraday Analysis for 04th November 2024NSE:NIFTY Index closed near 24304 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 38.91 Lakh 24500 Strike – 32.90 Lakh 24400 Strike – 26.96 Lakh Put Writing 24200 Strike – 30.41 Lakh 24000 Strike – 29.00 Lakh 24300 Strike – 24.94 Lakh Index has resistance near 24450 – 24500 range and if index crosses and sustains above this level then may reach near 24625 - 24675 range. Index has immediate support near 24150 – 24100 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 04th November 2024NSE:BANKNIFTY Index closed near 51675 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 21.03 Lakh 52000 Strike – 20.70 Lakh 52500 Strike – 18.70 Lakh Put Writing 51500 Strike – 10.11 Lakh 51000 Strike – 9.28 Lakh 52000 Strike – 6.97 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52700 – 52900 range. Index has immediate support near 51200 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 04th November 2024NSE:CNXFINANCE Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 13.85 Lakh 24000 Strike – 12.53 Lakh 24200 Strike – 11.97 Lakh Put Writing 23500 Strike – 9.73 Lakh 23900 Strike – 5.98 Lakh 23600 Strike – 5.89 Lakh Index has resistance near 24150 - 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23550 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 04th November 2024NSE:NIFTY_MID_SELECT Index closed near 12400 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 24.63 Lakh 12600 Strike – 22.98 Lakh 12400 Strike – 22.54 Lakh Put Writing 12000 Strike – 25.85 Lakh 12300 Strike – 16.84 Lakh 12100 Strike – 13.67 Lakh Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12850 range. Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12100 – 12000 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA