After a strong upmove last year, the stock has been trading in a broad channel. A potential W pattern is in the making with the price taking support at the bottom of the channel twice. Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend. Let me know your thoughts in comments.
Price moved within a very narrow range today. And price is unable to sustain above 48000. What will happen next? Pattern : Trend line, Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 48080. Stop Loss : 47980. Targets : 48160, 48240, 48320 and 48460. Sell below : 47860. Stop Loss : 47940. Targets : 47740 ,47660, 47540 and 47460. Check the live...
💎 Paradisers, #ONE is demonstrating a bullish market structure and has recently bounced off the supportive trendline. 💎For confirmation, #ONEUSDT needs to exhibit a Change of Character (CHoCH) and a Break of Structure (BOS) within the bullish market structure on lower timeframes. 💎If the price declines, we should wait until it reaches the demand zone, from where...
As we can see despite the strong opening around our given levels provided in our previous post it fell and remained sideways to negative throughout the day and hence is expected to remain the same unless NIFTY breaks above the median of the channel. We may see new ATH in NIFTY if it closes above the median and our important zone till then we can expect sideways to...
Today Birla Group companies closed higher following Companies by AB Capital,Abfrl,Grasim and Idea. Lot of changes happening in Birla companies as latest FPO of VI subscribed by record numbers. I'm going to post all companies by technical View. Long June_2024 Futures and Buy 240 CE May Call option and Stoploss is 193 at current market structure. Happy...
NSE:NIFTY Highest Call writing of 76.15 Lakh at 22600 Strike followed by 73.31 Lakh at 22500 Strike. Maximum Put writing of 103.79 Lakh at 22000 Strike followed by 59.65 Lakh at 22300 Strike. Index may face resistance near 22500 - 22525 and go upto 22750 level if sustain above 22550 level. Index has strong support near 22000 - 22150 level and less likely to...
NSE:BANKNIFTY Highest Call writing of 30.65 Lakh at 48000 strike followed by 29.91 Lakh at 49000. Highest Put writing of 23.56 Lakh at 47000 strike followed by 19.81 Lakh at 47500 strike. Index may face resistance near 48500 - 48630 level and and go upto 49000 is sustain above 48650 level. Index has support near 47450 level and less likely to fall below...
NSE:CNXFINANCE Maximum Call writing is at 21500 strike with 24.21 Lakh followed by 27.67 Lakh Call at 21800 Strike. Maximum Put writing is at 23.07 Lakh at 21000 strike followed by 22.54 Lakh Put writing at 21300 strike. Index may face resistance near 21500 level and go upto 21800 level if sustain above 21550 level. Index has support near 21180 - 21000 level...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 5.19 Lakh is at 10800 strike followed by 3.50 Lakh at 10700 Strike and Put writing of 3.48 Lakh at 10700 Strike followed by 2.50 Lakh at 10500 Strike. Index is closed near 10700 level. Index may face resistance near 10800 - 10825 level and go near 10950 level if sustain above 10850. Index has support near...
Price is moving by taking the trend line as support. Momentum was less today compared to previous day. Will the trend continue or price will fall? Buy above 21380 with the stop loss of 21330 for the targets 21420, 21460 and 21520. Sell below 21280 with the stop loss of 21320 for the targets 21240, 21200, 21160 and 21120. Hit the like button to Rock !! Show some...
IEX took support at 117 which is 61.8% Fib Level. Another support formed at 130. Chart & RSI is about to breakout.
💎 Paradisers, #WLD is approaching the previously broken resistance zone, which may now serve as support. 💎If #WLDUSDT exhibits a Change of Character (CHoCH) and a Break of Structure (BOS) at this point, we can anticipate a bounce from this area. 💎Why are we expecting this? As observed, the price has taken the inner range liquidity by filling the Fair Value Gap...
As we can see NIFTY though opened strong but fell through eventually it recovered and has formed more like a hammer candlestick pattern showing the dominance of buyers hence till NIFTY maintains itself inside the zone, every dip is an buying opportunity. Now we can expect NIFTY to reject at given levels as this level had been an median between the channel and...
#Persistent systems -Investment trade 22.04.2024 Looks good to accumulate at3200-3300-3500 Target 4800-5000 CMP 3500
NSE:NIFTY Highest Call writing of 70.24 Lakh at 22500 Strike followed by 51.05 Lakh at 22200 Strike. Maximum Put writing of 81.79 Lakh at 22200 Strike followed by 53.34 Lakh at 21800 Strike. Index may face resistance near 22425 - 224250 and go beyond 10950 level only when Israel Iran War Tension eases out. Index has strong support near 21900 - 21800 level and...
NSE:BANKNIFTY Highest Call writing of 29.34 Lakh at 48000 strike followed by 18.49 Lakh at 47500. Highest Put writing of 26.48 Lakh at 47000 strike followed by 17.78 Lakh at 47500 strike. Index may face resistance near 48125 - 48250 level and and go beyond 45250 level only when Israel Iran War Tension eases out. Index has support near 46500 level and less...
NSE:CNXFINANCE Maximum Call writing is at 21800 strike with 8.13 Lakh followed by 6.51 Lakh Call at 21400 Strike then 6.18 Lakh at 21200 Strike. Maximum Put writing is at 12.17 Lakh at 20500 strike followed by 7.93 Lakh Put writing to nearer strike at 20800 then 7.64 Lakh at 20600 strike. Index may face resistance near 21350 - 21500 level and land go beyond...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 20.70 Lakh is at 11000 strike followed by 16.92 Lakh at 10900 Strike then at 10800 Strike with 15.77 Lakh and Put writing of 18.91 Lakh at 10500 Strike followed by 12.10 Lakh at 10400 Strike and 11.53 Lakh at 10600 Strike. Index is closed near 10665 level. Index may face resistance near 10850 - 10900 level...