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Stock Analysis: CARE Ratings Ltd (Daily Time Frame)Pattern Identified: Bullish Symmetrical Triangle A bullish symmetrical triangle has formed on the daily chart of CARE Ratings Ltd, indicating that the stock is consolidating and may be poised for an upward breakout. 1) Last Candle: The most recent candle is significant, showing a large bullish move with a noticeable volume spike. This is often a signal of strong buying interest. 2) Breakout Strategy: A potential breakout trade can be considered once the stock breaks above the high of the previous day’s candle. A sustained move above this level could suggest a continuation of the upward momentum. Always ensure to follow proper risk management practices when entering trades.
NSE:CARERATINGLong
by TechnoTrader10
Bank Nifty Approaching critical DEMAND ZONE: EXPLAINED The Bank Nifty index has been under pressure recently, but technical analysis suggests we may be nearing a significant turning point. As the index approaches the psychologically important level of 51,000, traders should be on high alert for signs of a potential reversal. ## Technical Outlook The 51,000 mark represents a crucial support level for Bank Nifty, acting as both a psychological barrier and a strong demand zone. This level has historically provided support, making it a key area to watch for potential buying interest. ## Recent Price Action Bank Nifty has experienced notable selling pressure in recent sessions, with the index closing near its lows and forming bearish candle patterns. This downward momentum has brought the index to a critical juncture. ## Potential Reversal Signals As we approach the 51,000 level, traders should closely monitor the following reversal signals: - Bullish candlestick patterns (e.g., hammer, bullish engulfing) - Positive divergences on momentum indicators - Increased trading volume on up-moves - Break above short-term moving averages ## Trading Strategy While the overall trend remains bearish in the short term, the proximity to strong support presents a potential opportunity. Risk-tolerant traders may consider initiating long positions if clear reversal signals emerge near the 51,000 level. However, it's crucial to implement strict stop-losses and manage risk appropriately. ## Key Levels to Watch - Strong support: 51,000 - Immediate resistance: 51,600 - Key resistance: 52,000 Remember, while technical analysis can provide valuable insights, market conditions can change rapidly. Always use proper risk management and stay prepared to adapt your strategy as needed
NSE:BANKNIFTY
by Wealthcam
Exploring a Potential Bullish Outlook on VISAKAVisaka Industries Ltd has demonstrated a significant bullish trend as it has successfully closed above both the 20-day and 200-day EMAs. The trading volume during this period reached 2.31M shares, markedly higher than the 20-day average volume of approximately 336K shares, indicating strong investor interest. Upon examining the stock's chart, it is evident that Visaka Industries has repeatedly found support at the trendline, bouncing back multiple times from a identified demand zone. This pattern is a positive indicator, suggesting a robust buying interest in this price area. Both the RSI and the MACD indicators are currently situated within the oversold territory on both daily and weekly timeframes. This positioning typically suggests that the stock may be poised for a potential upward move as momentum begins to shift. The next anticipated supply zone is identified around the price level of 124 . Investors may consider accumulating shares at the current market price CMP , which presents an estimated potential upside of approximately 15%. It is advisable to place a stop-loss order slightly below the demand zone at around 99 to manage risk effectively. Disclaimer: The information contained in this analysis is intended solely for educational and informational purposes and should not be considered financial advice. Investors are encouraged to perform their own due diligence and/or consult with a qualified financial advisor prior to making any investment decisions.
NSE:VISAKAINDLong
by NiftyNotions
A decending triangle patterns showing on BITCOIN with 1:10 RRA decending triangle patterns showing on BITCOIN A short term 15m tradeing setup showing on BITCOIN Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily  chat And the short term setup All are of them indicating the same SELLING SETUP Also cryptocurrencies are follows priseaction in a good way Follow for more please don't use more than one percentage of your capital Follows risk reward Tradeing rules And be deceplened Try to be a better trader Love you all❤️
COINBASE:BTCUSDShort
by tradergyan01
1
Symmetrical Triangle Breakout: Weekly Timeframe: 26-Aug-24Symmetrical Triangle Breakout: Weekly Timeframe: 26-Aug-24 Stock forming a symmetrical triangle pattern and can break-out in either direction. Will wait for a bullish breakout above the trendline on a weekly basis before entering In the week of 26-Aug-24 stock brokeout with a bullish candle. Will enter the trade in the coming week Volume during the week of the breakout was above 9 SMA RSI in the week of 26-Aug-24 (64.87) is above 60 - indicating buying interest Drawdown = 859.8/- SuperTrend = 1500.52 (26-Aug-24) is positive ATR = 80.93 (26-Aug-24) Entry = Idealy at the close of previous week i.e. 1783.05 or at market level Target = Breakout level + Drawdown during consolidation phase = 1932.5 + 859.8 ~ 2790 Stop Loss = 1 ATR below previous week's (26-Aug-24) low = 1638.75 - 87.74 ~ 1550 Risk:Reward = 3.29
NSE:BAJAJFINSVLong
by ramanarvind
Nifty Intraday Analysis for 04th October 2024NSE:NIFTY Index closed near 25250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 57.73 Lakh 25500 Strike – 34.92 Lakh 25600 Strike – 34.75 Lakh Put Writing 25000 Strike – 30.62 Lakh 25500 Strike – 22.95 Lakh 25300 Strike – 19.16 Lakh Index has resistance near 25400 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 25100 – 25000 range and if this support is broken then index may tank near 24800 – 24700 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 04th October 2024NSE:BANKNIFTY Index closed near 51845 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 22.74 Lakh 53500 Strike – 19.22 Lakh 52500 Strike – 16.76 Lakh Put Writing 52000 Strike – 13.51 Lakh 51500 Strike – 12.77 Lakh 51000 Strike – 11.87 Lakh Index has resistance near 53100 – 53200 range and if index crosses and sustains above 53200 level then may reach near 53600 – 53800 range. Index has immediate support near 51600 – 51500 range and if this support is broken then index may tank near 51200 - 51000 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 04th October 2024NSE:CNXFINANCE Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 8.99 Lakh 24200 Strike – 5.01 Lakh 24000 Strike – 4.79 Lakh Put Writing 23900 Strike – 3.22 Lakh 23500 Strike – 2.93 Lakh 24000 Strike – 2.65 Lakh Index has resistance near 24100 - 24200 range and if index crosses and sustains above 24200 level then may reach near 24400 - 2450 range. Index has immediate support near 23800 – 24700 range and if this support is broken then index may tank near 23500 – 23400 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 04th October 2024NSE:NIFTY_MID_SELECT Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 17.83 Lakh 13100 Strike – 10.43 Lakh 13000 Strike – 9.42 Lakh Put Writing 12900 Strike – 9.62 Lakh 12800 Strike – 8.48 Lakh 13000 Strike – 8.28 Lakh Index has immediate resistance near 13050 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13300 range. Index has immediate support near 12850 – 13750 range and if this support is broken then index may tank near 12600 – 12500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
1
Andhra Paper has capacity expansion and new growth driversInvestment Update: A Promising Outlook for Medium-Term Gains I made a strategic investment in this stock approximately one year ago, with the objective of achieving medium-term gains. As we approach the one-year milestone, I am pleased to reassess the company's performance and reiterate my optimism about its future prospects. Based on recent developments and growth indicators, I forecast that the stock is poised to reach new targets of ₹150 by May 2025 . This upward trajectory is largely driven by the company's expansion efforts and improved operational efficiency. Notably, the company has successfully increased its production capacity, paving the way for enhanced output and revenue growth. Specifically, paper production numbers have demonstrated significant improvement, underscoring the company's commitment to scaling its operations. Furthermore, the establishment of a new tissue paper production unit represents a strategic diversification of the company's product portfolio. This move not only expands the company's revenue streams but also positions it to capitalize on the growing demand for tissue paper products. In conclusion, the company's progress over the past year has reinforced my confidence in its potential for medium-term growth. With its enhanced capacity, improved production numbers, and strategic diversification, I firmly believe that this stock is well-positioned to deliver substantial returns on investment.
NSE:ANDHRAPAPLong
by liondewarangal
1
BOB | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Triangle Chart Pattern Bull Breakout ✅Breakout confirmed ✅Rise in Volume ✅Good 3 touches Trendline Breakout with volume ✅Clear uptrend with HH & HLs sequence ✅ Order block as potential Target ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:BANKBARODALong
by ReviveTraders
XAUUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich 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 breakC. 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
FX:XAUUSDLong
by tradergyan01
Nifty - Daily - OI- 25250 is support and resistance -25,082The Nifty 50 chart you've shared along with the Open Interest (OI) analysis highlights key aspects of the market. Here's a breakdown based on the chart: ### **Nifty 50 Index Analysis**: - **Fibonacci Levels**: - The chart shows a Fibonacci retracement with important levels. - **0.236 (25,719.65)**: Nifty recently corrected after hitting resistance around this level. - **0.382 (25,367.50)** and **0.5 (25,082.90)**: These levels represent potential support areas in case the index sees further downside. - The **0.618 (24,798.30)** level could act as stronger support if the correction deepens. - **Volume**: The increase in red bars indicates significant selling pressure, aligning with the recent decline in Nifty. - **Relative Strength Index (RSI)**: The RSI shows a bearish divergence and is sloping downwards from a high point. This suggests weakening momentum in the short term, potentially indicating further correction. ### **Open Interest Analysis**: - **Open Interest (OI) Distribution**: - Call OI at 25,250 indicates resistance around this level. - The highest **Put OI** is seen around 25,250, indicating strong support. - A Put Call Ratio (PCR) of **1.12** suggests more puts than calls, which is a moderately bullish signal for the index, though Nifty has seen a significant drop of **2.12%**. This combination of technical analysis and OI data suggests that while there may be further selling pressure or consolidation around current levels, the 25,250 mark could act as a crucial support level. If this level holds, we may see a rebound in the coming sessions, but breaking below could lead to a deeper correction.
NSE:NIFTYLong
by VCharts_TA