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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
1
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
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
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
Is This Upward Move Built to Last?Strong closing in Nifty on Friday at 23900+ level. We should see a strong gap up post Mahrashtra state elections results ! Expecting Nifty to give a gap up opening !! We should see a gapup and a small sell off / profit booking post which Nifty should settle around 24100 level for any further upside move. Nifty Resistance : 24200-24500. More upside will be only above 24500. Bank Nifty Resistance : 51400-51700-51990-52150. Support : 51150-50700.
NSE:BANKNIFTYLong
by Nimble_Pesos
RVNL - Currently turning from the bottom support area. 1. **Ascending Channel**: - The stock has been following a larger ascending channel, indicating an overall long-term uptrend. - However, within this channel, a secondary descending channel appears in the recent period, suggesting a correction within the larger uptrend. 2. **Recent Price Action**: - The price is attempting to break out of the smaller descending channel within the larger ascending channel. - It is currently near the upper boundary of this descending channel. A breakout above this level, especially if it closes above, could signal a continuation of the larger uptrend. 3. **Volume Analysis**: - There has been a recent increase in volume as the price rises, which could indicate buying interest and possibly a reversal of the recent downtrend. 4. **RSI**: - The RSI is around 51.46, near the neutral 50 line, It is also trending slightly upward. If it continues to rise above 50, this would reinforce bullish momentum. 5. **Support and Resistance Levels**: - **Immediate Resistance**: Around the upper boundary of the descending channel, and a successful breakout would make the next resistance at the upper boundary of the broader ascending channel. - **Support**: The lower boundary of both channels is key, providing support if the price turns back down. ### Conclusion This chart suggests that the stock is in a potential breakout phase from its recent downtrend, while remaining within a larger uptrend. A strong breakout from the smaller channel and sustained movement above 50 in the RSI would strengthen the bullish case. However, a rejection at this level may lead to further consolidation or a retest of lower support levels.
NSE:RVNL
by brijmohan_h
Adani Enterprises: 100 pts long trade.First of all Happy Deepavali to Everyone. Wish everyone a happy trading year. * Previous ICICI Bank trade worked out very well achieving all its targets. Still following the trend channel. * Adani enterprise after taking A strong support from 2700 level on the way to retest its swing high 3100 - 3200. * Presently trading on fib retracement zone of 0.5 to 0.6 at 2950 level. *Trade levels for the trade Target levels: 3100-3200 (if resistance breaks, can take more risk) Stop loss: 2900 Risk/Reward ratio: 1:2
NSE:ADANIENTLong
by Ortasim78