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BankNifty (Alternate) - Do not Sell Until 50939 BreachedWaveTalks - Market Whispers! Can You Hear Them? Disclaimer: This is not a solicitation to buy or sell. Please consult your financial advisor Follow-Up on the Previous Idea Our last suggestion to sell BankNifty below 51404 was spot on, as we witnessed a 200-250 point drop during the session. However, I expressed concern that the decline didn’t seem convincing, suggesting that new highs could still be possible as long as 50939, our critical level, remains intact. Recent Developments On 29th August 2024, the index opened near 51000, reaching a precise low of 51028, which we marked as Wave C. Holding 50939 was critical, as suggested at 11:12 am in the last Bank Nifty Idea. Following this, we saw one push towards recent highs, reaching 51369, which we marked as Wave D. Currently, we are observing a sharp fall in Wave E, which is still unfolding. Last Idea - BankNifty - Is This an Ending Diagonal What to Expect Next Holding 50939: If BankNifty manages to hold above 50939, expect the bulls to regain control, potentially driving the index beyond 51404, with new highs on the horizon. Breaking 50939: Should the index fail to sustain above 50939, traders should brace for further downside. This break could signal the end of the current bullish wave structure and open the door for a deeper correction. Key Levels to Watch Immediate Support Test: Monitor the behavior around 50939 closely in the upcoming sessions. Potential Upside: If 50939 holds, look for upside momentum as we approach the first week of September 2024. This is a pivotal moment for BankNifty. Stay alert and be ready to adjust your positions based on the critical 50939 level. Regards WaveTalks
NSE:BANKNIFTYLong
by WaveTalks
2
SJVN Analysis for Long Term!NSE:SJVN Analysis! SJVN Analysis on a Daily Timeframe! Triangle Pattern formation in SJVN! Triangle Pattern Breakout in SJVN! Analysis: SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly. Trade Setup: Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high. Target = 226.64 Stop Loss = Below 136.11 or as per your Risk to Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:SJVNLong
by Avinash9087
IREDA Analysis!NSE:IREDA Analysis on a Daily Timeframe! Triangle Pattern Formation in IREDA! Triangle Pattern Breakout in IREDA! Analysis: As we can see the stock in moving in a triangle since December 2023. It was continuously consolidating in it. On 27th June it tried breaking out the resistance but unable to sustain above the resistance. Today again it has been successfully given the breakout and able to close above the breakout. As i marked all the important levels on the chart please have a look. Trade Setup: Entry = Current price level is good to Enter Key Level = 214.80 This is the All Time High Level, Price may reverse from this level but if it breaks, will the major uptrend Target = 455.85 Stop Loss = Below 173 or as per your Risk To Reward Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IREDALong
by Avinash9087
4
Breakout Alert! Laxmi Organic Industries Ltd Hello, traders! I’m excited to share my latest analysis of Laxmi Organic Industries Ltd. This stock is currently showing some intriguing patterns that could signal a major move. Let's dive into the details together! 🧩 Multiple Pattern Breakout 🧩 Laxmi Organic Industries Ltd. has been consolidating after a significant downtrend, forming several classic chart patterns during this phase: Triple Bottom Pattern : This bullish reversal pattern indicates that the stock has found a strong support level and is ready to move higher. The triple bottom often forms the lower boundary of a rectangle pattern. Rectangle Pattern : This continuation pattern shows that the stock has been trading within a defined range, waiting for a breakout. Descending Triangle Pattern : This bearish pattern has been invalidated, as the stock broke out to the upside with strong volumes. 💡 Key Breakout Levels 💡 Yesterday, Laxmi Organic Industries Ltd. broke out of the descending triangle pattern with good volume. Today, it has breached Triple Bottom Pattern neckline and critical zone that has acted as both support and resistance multiple times in the past. 📊 Strong Financial Performance 📊 Laxmi Organic Industries Ltd. also boasts solid financials, adding to its appeal: Net Profit Growth : There is a notable growth in net profit with increasing profit margin (QoQ). Revenue Growth : The company has shown increasing revenue every quarter for the past two quarters. Profit Growth : Profits have been increasing every quarter for the past two quarters. Institutional Confidence : FII/FPI or institutions have been increasing their shareholding in past quarter. 🚀 Trade Setup We can plan a buy trade if today's high is broken. For a safer entry, wait for tomorrow’s 1-hour candle to close above today's high before entering the trade. Here's how to manage your trade: Stop Loss (SL) : Place your SL below today’s low with a buffer. Target : Aim for at least a 1:3 risk-to-reward ratio. You can also set targets based on the patterns. This analysis is for educational purposes only and is not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst. 📝 Final Thoughts Trading is a journey filled with learning and growth. Remember, patience and discipline are key to success in the markets. 📊 Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions.
NSE:LXCHEMLong
by AfnanTAjuddin
1
Rites - Symmetrical Traingle.Time Frame : Weekly ### Technical Analysis: 1. **Symmetrical Triangle Pattern**: - The chart shows a symmetrical triangle pattern, which is a consolidation pattern that usually leads to a continuation of the previous trend. - The price has recently broken out of the triangle, indicating a potential bullish move. 2. **Price Movement**: - The breakout has occurred with a significant move upwards, indicated by the large bullish candle. - The projected target from the breakout is around 1052.65 INR, which is a 42.34% increase from the breakout point. 3. **Volume**: - The volume has spiked during the breakout, which adds credibility to the breakout. Increased volume during breakouts generally signifies strong buying interest. 4. **RSI Divergence Indicator**: - The RSI (Relative Strength Index) is at 58.50, which is in the bullish territory but not overbought. - There is a noticeable bullish divergence in the RSI, where the price makes higher lows while the RSI makes lower lows. This often precedes upward price movement. ### Conclusion: - The symmetrical triangle breakout, coupled with increased volume and RSI divergence, suggests a strong bullish outlook for RITES LTD. - The price target based on the height of the triangle adds to the potential for a significant upside. - Traders might consider entering a position on a pullback to the breakout level or a continuation of the current trend.
NSE:RITESLong
by brijmohan_h
Swing Buy Opportunity in IGPL Ping Me 1-0-1 to associate Refer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:IGPLLong
by rkinspiro1
Swan Energy - Breakout Soon#swanenergy #Swingtrade #breakouttrade #patterntrading #Symmetricaltrianglepattern Swan Energy (swing trade) >> Breakout candidate >> Symmetrical Triangle pattern >> Risk Reward favorable >> Good strength in stock Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:SWANENERGYLong
by moneyfesttrading
5