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Trendlineanalysis

CREDITACC long Idea...CREDITACC chart looks good for uptrend. Good Volumes have seen in Daily chart. It is yet to confirm uptrend by breaking trendline resistance. Pro's: Liquidity pump in system by RBI which is good news for Finance Sector. Waiting for Interest rates to reduce in coming months. Con's: Q3FY25 PAT is down and sales growth is down. Buisness is dull due to Micro-Finance Lending NPA's, Provisions. Growth will come with Interest rate cycle. So good time is Ahead. NOTE: Risk Management is Very Important to save capital.
NSE:CREDITACCLong
by sfk1229
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame RSI going up continuously, still not in overbought zone MACD is looking good Price is above 20 Months EMA volume is good for past 4-5 months Crossed 930 resistance with good volume DII has increased holding in June and Sep 2024, FII has decreased holdings Target 1 : 1160++ Target 2 : 1350 , This could be next Resistance if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
NSE:PAYTMLong
by maruviral
EUR/USD stays below 1.0400 after Trump's tariff commentsThe EUR/USD pair is currently facing strong selling pressure, trading around the 1.0380 level during the Asian session on Tuesday, after partially recovering from recent losses. The Euro continues to be negatively impacted by expectations of a dovish stance from the European Central Bank (ECB). The market expects the ECB to continue cutting interest rates by 25 basis points in upcoming policy meetings, due to concerns over the Eurozone's economic outlook and low inflation. These expectations are further reinforced by the belief that inflation in the Eurozone will remain stable near the ECB's 2% target, while uncertainty surrounding US trade policies is increasing. Technically, key support levels for EUR/USD are at 1.0260 and 1.0180, with a strong resistance level at 1.0410. If EUR/USD fails to hold above these support levels and breaks through them, the downtrend may continue, with the next target potentially being 1.0100. Traders may consider selling if the pair continues to decline and fails to break the resistance level at 1.0410. A sell entry could be placed at 1.0400, with profit targets at 1.0260 and 1.0180. Be sure to set a reasonable stop loss (SL) at 1.0450 to protect the account in case of an unexpected market reversal. In conclusion, with the combination of bearish fundamentals and technical signals, EUR/USD may continue its downtrend if it breaks the key support levels of 1.0260 and 1.0180. Traders should pay close attention to these levels for potential selling opportunities.
by Brigi_ta
Bearish Pressure vs Bullish Hope: What’s Next for NIFTY 50?The NIFTY 50 is showing signs of indecision as it trades near critical resistance and support levels. Will the index break out of its consolidation or head for a deeper correction? Key Points: 1. Resistance Zones: - 23,605.30 - 23,550.00 - 23,498.70 - 23,444.95 - 23,383.25 - 23,322.75 2. Support Levels: - 23,259.75 - 23,206.45 - 23,180.00 - 23,138.60 - 23,100.00 - 23,071.85 - 23,006.70 3. Current Setup: The index is trading within a descending trendline resistance, creating a lower high pattern. Support at 23,206.45 is critical, as a breakdown below this level may trigger further downside. A breakout above 23,322.75 could open the path for bullish momentum. How to Trade This: - Bullish Strategy: Enter long above 23,322.75 with targets at 23,444.95 and 23,605.30. Use a stop-loss below 23,259.75. - Bearish Strategy: Enter short below 23,180.00 with targets at 23,138.60 and 23,071.85. Place a stop-loss above 23,259.75. Bottom Line: The market is at a pivotal point, and traders should watch for confirmation of a breakout or breakdown. A decisive move will determine the next direction for the NIFTY 50. Stay cautious and trade with well-defined levels. NSE:NIFTY1! Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
SW Solar, Trendline Breakout. Risky Proposition!!🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable) Entry & Stop Loss (SL): 🟢Entry: ₹478.00 🔴Stop Loss (SL): ₹402.10 (on a closing basis) 📊Targets: T1: ₹530.90 T2: ₹608.05 T3: ₹639.00 Positional Long-Term Target: ₹761.80 - ₹790.00 All-Time High (ATH): ₹830.20 Setup Overview: Trend: Downtrend. Now showing signs of a trendline breakout. Moving Average Position: Trading below the 50 and 200 DMA Volume: Huge volume spike today, signalling possible accumulation Earnings: Posted good results today Risk Considerations: Risk Level: High Counter-trend trade with the stock still in a downtrend. Below 50 DMA and 200 DMA, indicating overall bearish sentiment. Reasons for Risk Level: The stock is currently against the primary trend (downtrend). Significant resistance levels need to be broken for sustained upward movement. Notes: While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend. Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis. 🛑Disclaimer: This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
BSE:SWSOLARLong
by sagartharayil
Navinfluor | Trendline Bull Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder 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 Resistance ✅Check out my Trading View 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:NAVINFLUORLong
by ReviveTraders
2
CNXPHARMA: Pharma Index Showing Strength #CNXPHARMA The Pharma Index is demonstrating robust strength compared to other indices in recent sessions. Key observations include: Bullish Momentum: The chart reflects strong bullish candles over the past few days, indicating growing buying interest. Trend Confirmation: The index is forming a consistent pattern of Higher Highs (HH) and Higher Lows (HL), a classic sign of an uptrend. EMA Support: All critical Exponential Moving Averages (EMAs) are providing strong support, and the price has been closing above these levels consistently, reinforcing the bullish sentiment. Positive Relative Strength: Relative strength against Nifty has turned positive, highlighting Pharma's outperformance within the broader market. Action Plan Consider exploring Pharma ETFs as an option to capture the sector's upward momentum. Analyze individual pharma stocks within the index for potential breakouts. Look for stocks aligning with this bullish trend for entry opportunities.
NSE:CNXPHARMALong
by Sudhi4488
AxisBank | Trendline BUll Breakout ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder 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 Supports ✅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:AXISBANKLong
by ReviveTraders
PI INDUSTRIES good to buy?The daily chart of PI INDUSTRIES shows that the stock is in wave 4 of an impulse. Wave 3 is a terminal impulse in this case as it is less than 161.8% (see fib extension in green). And as per the rule, wave 4 of any terminal impulse can overlap with wave 1. Also, wave 4 can retrace to 50%. We have done detailed counting, and we can see that the price is near 50% of the fib retracement of the impulse. At this level, we can see wave C of wave 4 is standing at 127% extension. It is possible that the price can fall a little further up to 161.8% extension. (See fib extension in blue). The conclusion is that an aggressive trader can enter between the zone of 50% (see in black) fib retracement and 161.8% (see in blue) fib extension. For conservative entry, one can wait for the price to break and sustain above 38.2% (see in black). The stoploss for both entries will be below 61.8% (see in red). This is quite logical because wave 4 will never close below 61.8% Meaning, the 61.8% level is an invalidation point for all this counting and the price will fall further if it breaks 61.8% This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendation. Please always do your research before taking any trade.
NSE:PIINDLong
by theprofityogi
Swing 1. Key Observations Price Action: The stock is trading at ₹4,474.65 as of the chart date, reflecting a positive change of +₹110.10 (2.52% increase). Trendline Breakout: A downward trendline has been drawn connecting the lower highs (orange line). The stock has broken above this trendline, suggesting a potential reversal of the downtrend. Support and Resistance: Resistance: The stock has moved above the resistance zone at ₹4,476.45. Sustaining above this level could confirm bullish momentum. Support: A key support zone is visible at ₹3,763.35 (horizontal orange line). This level has held during previous pullbacks. 2. Volume Analysis The trading volume below the price chart shows an increase in activity during recent upward price moves. This supports the breakout and indicates strong buying interest. 3. Moving Averages (Implied) The chart does not explicitly show moving averages, but the overall price action indicates that the stock is likely above shorter-term averages (e.g., 20-day, 50-day), signaling short-term strength. 4. Possible Scenarios Bullish Scenario: If the stock sustains above the ₹4,476 resistance, it could target higher levels. Positive sentiment in the defense sector, supported by government orders and HAL's robust financials, may fuel further upside. Bearish Scenario: If the breakout fails and the stock moves back below ₹4,476, it could retest the support level near ₹3,763. 5. Conclusion This chart suggests a potential reversal from a downtrend. Traders may look for confirmation of the breakout by observing if the stock sustains above the resistance with strong volumes. The overall sentiment remains bullish, supported by HAL's strategic importance and favorable sectoral tailwinds.
NSE:HALLong
by iamsaurabh533
Bank Nifty Simple Analysis!!Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom. Possibilites for tomorrow : Pin 1 : open on trend line support and try to reach the previous high pin 2 : open on trend line and failed to broke the resistance at 52300 approx then steep down Pin 3 : open below trend line and retest and go down Support : 51760,51280 Resistance : 52350, 52620
NSE:BANKNIFTY
by Price_actiontaker14