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CARTRADE - Breakout Setup, Move is ON..NSE:CARTRADE ✅ #CARTRADE trading above Resistance of 1600 ✅ Next Resistance is at 2362 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CARTRADELong
by Sandeep_Aggarwal
BankNifty NR7 on Monthly charts + Covid low Trendline ##BankNifty making NR7 on monthly charts of 4000 points 49500-53500 levels also it trading near Trend line of Covid Lows this time BankNifty may give breakdown of this TrendLine. BankNifty Components like HDFC BANK & ICICI BANK made a Shooting Star on Monthly Charts so we have to watch these two how they move with Q3 Results onboards in coming days. Q3 Results will be more important for BankNifty to give Range Breakout. I am waiting for breakdown of Trend line & 50055-49555 levels then only I will make short position. Target for Downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
NSE:BANKNIFTYShort
by K_Dyadav
The Wheels are Turning: Auto Sector Sees Major GainsIndian auto stocks surged on January 2, 2025, fuelled by impressive December sales numbers, which propelled the Nifty Auto index to its highest daily gain in six months. ◉ Key Players 1. Eicher Motors NSE:EICHERMOT ● Surged 7%, with December sales up 25% YoY to 79,466 units, and exports rising 90% YoY. 2. Ashok Leyland NSE:ASHOKLEY ● Rose 5%, with December sales exceeding estimates, up 5% YoY, and Medium and Heavy Commercial Vehicles sales up 8% YoY. 3. Maruti Suzuki India NSE:MARUTI ● Extended gains for the second straight day, rallying 5%, driven by strong December car sales and bullish management commentary. 4. Mahindra & Mahindra NSE:M&M ● Up over 3% for the second consecutive day, with December SUV sales jumping 18% YoY to 41,424 units, driven by strong demand. ◉ Overall Outlook The Indian automotive market is poised for continued growth, driven by a resilient economy and robust consumer demand. Potential interest rate cuts are expected to further fuel this growth, making vehicle financing more accessible and affordable for consumers. As a result, the road ahead looks promising for FY26, with expectations of sustained growth and increased sales in the automotive sector.
NSE:CNXAUTOLong
by GoodluckCapital
INDUSINDBK LevelsAs of January 5, 2025, IndusInd Bank Limited (INDUSINDBK) is trading at ₹970.15. Key support and resistance levels are as follows: Immediate Support Levels: ₹930.73 ₹952.32 ₹956.88 ₹964.72 ₹980.08 Immediate Resistance Levels: ₹973.58 ₹969.28 ₹977.12 ₹1009.28 ₹1031.08 These levels are derived from various technical analyses, including pivot points and moving averages, and are crucial for traders and investors to monitor for potential price movements. Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or conduct further research before making investment decision
NSE:INDUSINDBKLong
by EmpireCrown
Bata India Ltd. bottom fishing opportunity The chart of Bata India Ltd. is showing a bullish breakout from a Symmetrical Triangle Pattern. As the stock nears the apex of the triangle, a breakout above the descending trendline at approximately ₹1,500-₹1,550 would confirm the upward momentum. This breakout, accompanied by strong volume, signals the potential for a substantial price movement. The target for this bullish move can be projected to ₹2,000-₹2,200, based on the height of the triangle. Traders can enter above ₹1,500-₹1,550, with a stop-loss placed near ₹1,400, offering a favorable risk-reward setup as the stock breaks out of its consolidation phase.
NSE:BATAINDIA
by Simplecharttraders
5
Eicher Motors consolidation breakoutEicher Motors has recently broken out of a consolidation phase near the key resistance level of ₹5,385, signaling the potential for a strong uptrend continuation. A successful breakout could target ₹5,500-₹5,700 in the short term, offering an attractive swing trade setup. For positional traders, the long-term structure supports a target of ₹6,000-₹6,200, with strong support at ₹5,000-₹5,100 minimizing downside risk. Indicators such as a bullish MACD and RSI in the overbought zone highlight strong momentum but also caution of potential short-term pullbacks to the ₹5,100-₹5,000 range, which could provide better entry points. With a stop-loss at ₹5,200 for swing trades and ₹4,800 for positional trades, Eicher Motors offers a favorable risk-reward ratio. The consolidation near resistance and overall technical strength make it a solid candidate for both short-term and long-term trades.
NSE:EICHERMOT
by Simplecharttraders
STWP Stock Analysis: Saregama—An Attractive Opportunity for SwinThe stock market is full of surprises, and today we turn the spotlight on Saregama—a stock that's gaining attention from both seasoned traders and newcomers. With a harmonious convergence of technical indicators suggesting a robust uptrend, Saregama seems primed for a potential breakout in the coming sessions. Let’s dive deeper into the details and explore why this stock is one to watch! Why Saregama Is Gaining Traction: A Comprehensive Analysis1. Strong Bullish Indicators Latest Tick - Bullish Price Surge with Robust Volume: The stock has shown a significant upward movement, supported by substantial trading volumes. This indicates strong market participation and investor confidence. EMA 200 Crossover: Saregama’s price has decisively crossed above the 200-day Exponential Moving Average, signaling the start of long-term bullish momentum with potential for sustained upward movement. RSI Breakout: The Relative Strength Index (RSI) has broken through key resistance levels, signaling a shift toward more aggressive buying activity and highlighting strong bullish momentum. Positive RMI Momentum: The Robust Momentum Indicator (RMI) is in the green zone, confirming the ongoing bullish trend and strengthening the case for further upside potential. Volume Surge - Confirmed Breakout: A sharp increase in trading volume confirms the price breakout, adding further weight to the bullish trend and signaling that the momentum is likely to be sustained. 2. Price Action Insights Donchian Channel: The stock has reached a fresh high, signaling a potential breakout. This suggests a bullish momentum shift and indicates the possibility of sustained upward movement. Bollinger Bands: The recent breakout above the upper band points to increased volatility, with the bias tilting towards further upward price action. EMA 50: Both the price and the 50-period Exponential Moving Average (EMA) are trending higher, reinforcing the strong uptrend and indicating robust market strength. 3. Candlestick and Heikin Ashi Patterns Candlestick Patterns: Long White Candle: A strong bullish signal across daily, weekly, and monthly timeframes as of January 3rd, 2025, signaling sustained upward momentum. Bullish Engulfing: A powerful reversal pattern on the monthly chart, suggesting a potential bullish trend reversal and renewed buying interest. Heikin Ashi Patterns: Bullish Continuation: Both daily and weekly Heikin Ashi patterns confirm a solid, sustained upward trend, indicating that the bulls are firmly in control. Bullish with High Volume: The weekly Heikin Ashi charts, coupled with increased volume, highlight the strength and momentum of the current bullish move. Key Levels to Watch🚀 Resistance Levels: 583 – A key barrier to watch. 615 – Strong overhead resistance, crucial for bulls. 667 – The next major hurdle for upward movement. 🔒 Support Levels: 499 – A critical support level; watch for any price bounce here. 446 – A key level to determine if the downtrend will continue or reverse. 415 – The ultimate support zone to monitor for potential strong price action. Why Saregama Could Be a Possible Swing Trade OpportunityWith an ideal alignment of key technical indicators, Saregama is showing the potential for a significant breakout. Traders looking to capitalize on market movements may find this stock an attractive swing trade opportunity, especially as it exhibits bullish momentum and an appealing chart setup. Saregama Technical Analysis: Potential for a Bullish MoveSaregama’s recent chart formation shows a potential bullish shift, with a well-defined double bottom pattern at 439.10 (13.11.2024) and 450.55 (31.12.2024). The key neckline at 531 (04.12.2024) is crucial to watch—if the price breaks above this level, it could trigger a possible upward trend, making the stock a strong candidate for potential gains. A pullback to the neckline could also offer an intriguing opportunity for a continuation of this bullish momentum. Watch for key resistance levels at 615 and 667, and monitor support zones around 450.55 and 439.10 to assess the strength and sustainability of the move. ConclusionSaregama’s recent surge in bullish momentum, driven by a volume surge and the golden 200-EMA crossover, presents a compelling opportunity for traders. With multiple bullish chart patterns in play, this stock is shaping up as a prime candidate for short-term gains. Whether you're a seasoned trader or a newcomer, now could be the right time to ride the potential upward momentum and make the most of this possible bullish move. Technical Rating: Strong Bullish Analyst Rating: Strong Bullish STWP Rating: Strong BullishReady to elevate your trading game? Stay ahead with STWP Stock Analysis—Your Daily Market Digest for the latest actionable insights and expert strategies! Hit the follow button, like, and share this with your fellow traders—let’s grow and succeed together in the exciting world of smart trading. Disclaimer This article is intended solely for educational purposes and does not constitute investment advice. Always consult with a qualified financial advisor before making any investment decisions. Stock market investments carry inherent risks, and past performance is not indicative of future results.
NSE:SAREGAMALong
by ruelfernandes
Asian Paints Swing Trading Strategy DATED 04-01-2024Asian Paints Swing Trading Strategy Buy Signal: Entry Point: Buy above 2350. Stop Loss (SL): 2250 on a day closing basis Targets: Target 1: 2525 Target 2: 2690 Target 3: 2830 Target 4: 2950 Strategy Details: Trailing Stop-Loss: Use a trailing stop-loss to protect your profits as the price moves in your favor. Time Frame: 60 trading days Risk Management: Use stop-loss orders to protect your capital. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions. Buy Signal: Entry Point: Buy above 2350 on a day closing basis. Stop Loss (SL): 2250 on a day closing basis Targets: Target 1: 2525 Target 2: 2690 Target 3: 2830 Target 4: 2950 Strategy Details: Trailing Stop-Loss: Use a trailing stop-loss to protect your profits as the price moves in your favor. Time Frame: 60 trading days Risk Management: Use stop-loss orders to protect your capital. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:ASIANPAINT
by ramkkyy