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Trendlineanalysis

Bank Nifty created pattern will it work or not? As chart shows a flag pattern has been formed in 30 min time frame and also bank nifty traded tightly today. which conclude that this range can burst out either bullish or bearish. Another thing to notice a bullish wick reversal candle has formed which gives a hint for bullish side strength into bank nifty May be a gap opening for tomorrow also expecting a trend day or more tight range day. Trade on retest only avoid flase breakouts Resistance : 45600, 45800-900 Support : 45400, 45139 Note : Do your own analysis before making any trading decisions.
NSE:BANKNIFTYLong
by Price_actiontaker14
12 Jan ’24 — Traders are cold-blooded, Bias changed to Bullish🐂Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.” 4mts chart link Major highlights today Gap-up of 120pts ~ 0..56% NiftyIT gains 5.14% Nifty50 takes out the ATH, new value = 21928 Nifty goes from neutral to bullish Today’s stop came right at the ascending channel top-line Never seen NiftyIT so stubborn to go up, a gain of 5.14% far exceeds expectations, and that too when the IT majors are at their all-time highs. What we still do not understand is the reason for outperformance when the results were average. Anyway, this was the major reason Nifty50 broke out from the neutral zone to the bullish zone. 63mts chart link Today’s price action was along the top trend line of the ascending channel, and careful enough not to break it. There is no shame in saying traders are cold-blooded. We cannot stick with our bias, direction, or opinions and expect the market to behave as per our analysis. If the markets have turned, we need to adapt. Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday - we need to look out for bullish opportunities now.
NSE:NIFTYLong
by viswaram
11 Jan ’24 — The bulls of BankNifty has run out of fuel!BankNifty Today Analysis - Stance Bearish ⬇️ Look at what the Gap-up did today to BankNifty, it messed around with the resistance level of 47539. Was it a genuine break? Absolutely NO. Would that have shocked the Bears? Absolutely YES. Gaps are the easiest option available for the manipulators to scare off the retail crowd. 4mts chart link Again the 280+pts quick dip between 14.03 to 14.15 looked quite serious. But the dip buyers made it look like a blip over the next 15 minutes or so. Looks like BN has run out of fuel for any upmoves. 63mts chart link BankNifty is really waiting for a trigger to fall. The tiredness of the bulls is a welcome message for the bears to do their thing. Our stance continues to be bearish for tomorrow despite the neutral day today. Only when the stance of both Nifty50 and BankNifty is in the same direction - we can expect a trending market. Nifty50 could pick a direction due to NiftyIT results tomorrow, if it is down - then it will pull banknifty along with it.
NSE:BANKNIFTYShort
by viswaram
#ADSL is getting ready to form a Null candle #SuperChartzKey levels: Support: 127, 110 Resistance: 154, 170 Key Description: The stock has a moderate Market Cap of ₹809 Cr. with a current price of ₹146. It exhibits a relatively low P/E ratio of 16.6, indicating potential undervaluation compared to the industry average P/E of 41.8. The stock's book value is ₹101, and the Price to Book Value ratio is 1.46. Financial performance metrics like ROCE (12.8%) and ROE (10.1%) suggest decent returns on capital and equity. The company maintains a conservative dividend yield of 0.85%. The operating profit margin is at 12.8%, showcasing operational efficiency. In terms of market performance, the stock has shown a positive return of 7.24% over the last 3 months and a robust return of 64.8% over the last 3 years, indicating favorable investor sentiment. However, investors should note the lower EPS of ₹0.36. Overall, the stock appears to have potential value with reasonable financial metrics and positive returns. However, potential investors should conduct further research and consider factors such as industry trends and market conditions before making investment decisions. Technically the stock has broken the trendline and sustaining the breakout to go beyond the nullification zone by forming a null candle. After the nullification the stock may touch new highs.
NSE:ADSLLong
by SuperChartz
6
Bank Nifty - 04/01/2024 - LevelsHello Traders, Welcome to SriTrader5121 -------------------------------------------------- Bank Nifty - 04/01/2024 - Levels IMPORTENT ZONE FOR THE DAY: 47675 – 47690 Important Support and Resistance for the Day... Support - Resistance - Support-1: 47675 Resistance-1: 47878 Support-2: 47500 Resistance-2: 48110 Support-3: 47407 Resistance-3: 48216 Big-Support: 47200 Big- Resistance: 48450 ____________________________________________ Happy Learning and Trading – TST5121 Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE, it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM 0.5 -> 0.5% Swing PDH -> Previous Day High PDL -> Previous Day Low PDC -> Previous Day Close PDO -> Previous Day Open PWH -> Previous Week High PWO -> Previous Week Open PWC -> Previous Week Close PWL -> Previous Week Low D_S -> Day Support D_R -> Day Resistance W_S -> Week Support W_R -> Week Resistance W_O -> Week Open W_C -> Week Close LW_O -> Last Week Open LW_C -> Last Week Close IMP -> Important R@1, R@2, R@3... -> Resistance-Zones S@1, S@2, S@3... -> Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text (S@*, R@*) -> Act as Major Support or Resistance-Zones (Be Alert, Chances to Market take Reversals) If market open as a FLAT and moves to UP - SIDE then BUY with the Support of R-1 and SELL with the Rejection of R-1. (Or) If market open as a FLAT and moves to DOWN - Side then BUY with the Support of S-1 and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (Or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (Or) If market open as a GAP - DOWN and moves to DOWN - Side then BUY with the Support of W-R and SELL with the Rejection of W-R.
NSE:BANKNIFTY
by SriTrader5121
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs. Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon. CMP: 565 Breakout level : Today's high (579) SL: 560 Targets : 540 / 700 Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:EIDPARRYLong
by anuragcoma15
YOUR NEXT MOVE?So well NIFTY is currently trading at 20068 points with -BIG Support levels at 1.19207.75 2.18832.75 -Resistance levels at 1.19877 2.19983 3.20228 The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983. Now looking at the RSI levels we can determine that the index has used up all its strength and energy at 82.07rsi levels which was the previous RSI resistance level. What we can conclude through this is that nifty wont be crossing nifty levels of 20228 and will start its downward journey because of lack of power it needs to be in a upward trend. Well Nifty could be seeing levels as low as 18832.75 to 19207.75. Well for my trade in options: -Expiry- 28 DEC -Strike price-19550 . -PUT SELL
NSE:NIFTY
by nimayprabhu