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Tatasteel Long Term AnalysisTrendline Breakout: Tata Steel has recently broken out of its trendline. Current Position: The stock is currently sitting at a key support zone. Potential Reversal: It's crucial to wait for a solid bounce from this support level to confirm a reversal. Alternative Trendline: There is another potential trendline below the current support where the stock may also bounce if the current level does not hold. Fundamental Analysis of Tata Steel Market Presence: Tata Steel has a robust presence in both domestic and international markets. Product Portfolio: The company boasts a well-diversified product portfolio, enhancing its market position. Steel Demand: Recent performance has benefited from increasing global steel demand. Input Costs: Rising input costs, particularly for coal and iron ore, could pose challenges to profitability. Financial Considerations: Debt Levels: The company has significant debt levels that need to be monitored. Capital Expenditure: Ongoing capital expenditures are being strategically managed through expansions and operational efficiencies. Investment Strategy Confirmation Needed: Waiting for confirmation of a technical bounce is essential. Monitor Fundamentals: Keeping an eye on fundamental factors will be prudent before making any trade decisions.
NSE:TATASTEEL
by DragonFly-Trading
Nifty Intraday Analysis for 14th October 2024NSE:NIFTY Index closed near 24965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 59.63 Lakh 25500 Strike – 45.57 Lakh 25200 Strike – 40.50 Lakh Put Writing 25000 Strike – 50.60 Lakh 24900 Strike – 28.08 Lakh 24500 Strike – 27.12 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 14th October 2024NSE:BANKNIFTY Index closed near 51170 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 27.97 Lakh 51500 Strike – 23.63 Lakh 52500 Strike – 18.81 Lakh Put Writing 51000 Strike – 17.08 Lakh 50000 Strike – 114.08 Lakh 50500 Strike – 13.80 Lakh Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range. Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50200 - 50100 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 14th October 2024NSE:CNXFINANCE Index closed near 23615 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 10.79 Lakh 23800 Strike – 9.26 Lakh 24200 Strike – 8.56 Lakh Put Writing 23100 Strike – 9..50 Lakh 23000 Strike – 8.29 Lakh 23500 Strike – 5.33 Lakh Index has resistance near 23800 - 23900 range and if index crosses and sustains above this level then may reach near 24100 - 24200 range. Index has immediate support near 23350 – 23250 range and if this support is broken then index may tank near 24350 – 24450 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 14th 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 13000 Strike – 20.84 Lakh 13200 Strike – 20.58 Lakh 13100 Strike – 10.40 Lakh Put Writing 12700 Strike – 16.61 Lakh 12800 Strike – 13.89 Lakh 12900 Strike – 12.98 Lakh Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range. Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
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by RKMAURYA
Bankex - Oct 14In last trading session morning we had movement and afternoon price was moving in a narrow range and consolidated. Also price is at trend line support. Pattern : Support/resistance. Range : Medium. Trend strength : Normal. Buy Above : 58300. Stop Loss : 58220. Targets : 58380, 58480, 58560, 58640 and 58720. Sell below : 58100. Stop Loss : 58200. Targets : 58020, 57900 ,57800,57720 and 57620. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
BSE:BANK
by vanathi
Nifty50 Index: Analysis of Potential Next LevelsIf you closely observe the daily chart for the Nifty50 Index, you’ll notice that Nifty is currently at a long-term support level. Considering the selling pressure and the recent closing candle at this support, Nifty appears set to complete its corrective move towards the 25,400-25,500 range. Following this, there is a possibility that Nifty may fall below 25,000, reaching the next support level around 24,400, which aligns with the lower boundary of a larger channel. This movement aligns with a historical pattern where, at the end of each year, particularly during October-November, the market tends to correct significantly before rallying by 10-15% until February-March. Another factor influencing this scenario is the expected year-end behavior of Foreign Institutional Investors (FIIs). Historically, FIIs book profits and take extended vacations around Christmas. For this reason, they tend to seek better price points to invest significant sums before the year-end, and a market correction provides the opportunity to buy at more favorable levels. Your thoughts and feedback are welcome, as they will help me improve my analysis. Thank you, and let's stay prepared for what lies ahead!
NSE:NIFTY
by PradeepDabane
ETHUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDETHUSD SHOWING A GOOD UP MOVE WITH 1:6 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
CRYPTO:ETHUSDLong
by tradergyan01
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D UP MOVE WITH 1:6 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
CRYPTO:BTCUSDLong
by tradergyan01
Midcap Nifty - Oct 14Price was moving in a range on friday and now it is at important trend direction deciding zone 13000. Buy above 13040 with the stop loss of 13000 for the targets 13080, 13120, 13160 and 13200. Sell below 12960 with the stop loss of 13000 for the targets 12920, 12880 and 12840. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:MIDCPNIFTY1!
by vanathi
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810 Reasons to go Long : 1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it. 2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level. 3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
NSE:KOTAKBANKLong
by Nimish_Ghagare
Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%. • Key Levels: • TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level. • TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached. • Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart. • Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point. • Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend. This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.
NSE:TCSLong
by OptimaltradeX
Nifty Intraday Analysis for 11th October 2024NSE:NIFTY Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 39.93 Lakh 25500 Strike – 32.55 Lakh 25200 Strike – 29.59 Lakh Put Writing 25000 Strike – 46.75 Lakh 24900 Strike – 19.80 Lakh 25100 Strike – 15.98 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 11th October 2024NSE:BANKNIFTY Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 16.83 Lakh 51500 Strike – 14.28 Lakh 52500 Strike – 11.75 Lakh Put Writing 51000 Strike – 17.98 Lakh 50500 Strike – 11.73 Lakh 51500 Strike – 11.70 Lakh Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range. Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50200 - 50100 range.
NSE:BANKNIFTY
by RKMAURYA