Trend Lines
Punjab National Bank Chart Analysis with Targets PNB Support and Resistance for Invesment and Positional Trading
For Punjab National Bank's (PNB) current chart analysis, the major support level is around ₹90, indicating a key price floor that could prevent further declines. This level has been established based on past lows and acts as a safety net if the stock price falls.
The first target for PNB is set at ₹129 , which represents a bullish upward trend from current levels. This target may be reached if PNB breaks above its resistance and sustains positive momentum.
The second target is set at ₹140, a further potential upside based on technical analysis. This target is achievable if the stock continues to gain strength after breaking the ₹129 resistance.
This analysis is supported by historical price action and key technical indicators like support/resistance levels, moving averages, and relative strength.
EXACT REVERSAL from our demand zone! Depsite the weakness, we held on to our view of buying the dip approach till the price doesnt doesnt sustains below the trendline and it REVERSED exactly from our given trendline support with unidirectional rally. Hence we would stay with our original view of buying the dip till the trendline is not breached and expected more of uptrend as it can be seen forming more like a W pattern in smaller time frame so plan your trades accordingly.
Banknifty intraday trading On saturday approx rally 1200 points so it might me hall for two days
market open gap up and close 52500 15 min candle then i will enter the trade and my sl candle low target is 52746.25
if market open flat if the rejection will come from 52200 i will enter the long trade
IF it open gap down 51880 will be act as support price was broken and it will retested for the First time
Expiry may be done at 52500 to 51500
btcusd 4hr
1. **Support & Resistance**:
- **Resistance**: The price is testing a resistance zone near $70,015.86.
- **Support**: There are two significant support levels marked at $66,448.98 and $63,472.14.
2. **Trade Setup**:
- A **green zone** above the current price indicates a potential profit target (take-profit level).
- A **red zone** below the current price represents the stop-loss level, marking the area to minimize potential losses if the trade doesn't go as planned.
3. **Price Action**:
- The current price is $68,381.04, with a slight decline (-0.09%) in this candle.
- The price is trading in an upward trend and is consolidating near the resistance zone, likely preparing for a breakout or rejection.
BTCUSD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARDBTCUSD 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
Nifty Intraday Analysis for 18th October 2024NSE:NIFTY
Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 53.45 Lakh
25500 Strike – 29.80 Lakh
24800 Strike – 24.87 Lakh
Put Writing
24800 Strike – 22.58 Lakh
24500 Strike – 22.38 Lakh
25000 Strike – 18.09 Lakh
Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
Banknifty Intraday Analysis for 18th October 2024NSE:BANKNIFTY
Index closed near 51290 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 28.79 Lakh
53000 Strike – 19.67 Lakh
51500 Strike – 14.68 Lakh
Put Writing
51000 Strike – 11.60 Lakh
51500 Strike – 11.10 Lakh
50000 Strike – 9.61 Lakh
Index has resistance near 51600 – 51700 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
Finnifty Intraday Analysis for 18th October 2024NSE:CNXFINANCE
Index closed near 23585 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 8.20 Lakh
23900 Strike – 7.45 Lakh
24300 Strike – 5.21 Lakh
Put Writing
23100 Strike – 3.34 Lakh
23000 Strike – 2.82 Lakh
23600 Strike – 2.77 Lakh
Index has resistance near 23850 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Midnifty Intraday Analysis for 18th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 19.99 Lakh
13500 Strike – 17.53 Lakh
13100 Strike – 14.95 Lakh
Put Writing
13000 Strike – 14.61 Lakh
12800 Strike – 8.81 Lakh
13100 Strike – 7.39 Lakh
Index has immediate resistance near 13150 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 12900 – 12950 range and if this support is broken then index may tank near 12800 – 12750 range.
NAS100 SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDNAS100 SHOWING A GOOD UP MOVE WITH 1:10 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
We are still above our trendline support !!As we can despite the weakness we managed to close above our trendline support and also our psychological level of 51000 hence as long as this level is protected every dip can be bought hence any flat to strong opening can lead to strong upmove but weakness might be seen if yesterdays low is broken below so plan your trades accordingly
Nifty Intraday Analysis for 17th October 2024NSE:NIFTY
Index closed near 24970 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 115.91 Lakh
25200 Strike – 101.49 Lakh
25000 Strike – 89.50 Lakh
Put Writing
24500 Strike – 65.98 Lakh
25000 Strike – 58.70 Lakh
24800 Strike – 54.30 Lakh
Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25250 - 25300 range.
Index has immediate support near 24850 – 24800 range and if this support is broken then index may tank near 24700 – 24650 range.
Banknifty Intraday Analysis for 17th October 2024NSE:BANKNIFTY
Index closed near 51800 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 16.68 Lakh
53000 Strike – 9.20 Lakh
52500 Strike – 6.12 Lakh
Put Writing
52000 Strike – 10.79 Lakh
51000 Strike – 7.63 Lakh
51500 Strike – 7.01 Lakh
Index has resistance near 52000 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52600 range.
Index has immediate support near 51650 – 51500 range and if this support is broken then index may tank near 51000 - 50900 range.
Finnifty Intraday Analysis for 17th October 2024NSE:CNXFINANCE
Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 5.24 Lakh
23900 Strike – 2.96 Lakh
24500 Strike – 2.37 Lakh
Put Writing
23900 Strike – 4.04 Lakh
23800 Strike – 1.84 Lakh
24000 Strike – 1.81 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.
Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.
Midnifty Intraday Analysis for 17th October 2024NSE:NIFTY_MID_SELECT
Index closed near 13145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 11.48 Lakh
13500 Strike – 9.15 Lakh
13100 Strike – 7.40 Lakh
Put Writing
13100 Strike – 10.57 Lakh
13000 Strike – 9.56 Lakh
12900 Strike – 5.72 Lakh
Index has immediate resistance near 13200 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 13050 – 13000 range and if this support is broken then index may tank near 12900 – 12850 range.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDBTCUSD SHOWING A GOOD DOWN 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
Nifty Intraday Analysis for 16th October 2024NSE:NIFTY
Index closed near 25055 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25200 Strike – 91.44 Lakh
25500 Strike – 70.89 Lakh
25100 Strike – 69.77 Lakh
Put Writing
25000 Strike – 60.86 Lakh
24500 Strike – 47.97 Lakh
24900 Strike – 31.22 Lakh
Index has resistance near 25200 – 25250 range and if index crosses and sustains above this level then may reach near 25450 - 25500 range.
Index has immediate support near 25000 – 24950 range and if this support is broken then index may tank near 24850 – 24800 range.