How can we trade NIFTY for coming week? Have a look at this.Nifty has formed a Descending Channel and given a good breakout. People usually have Buy setup after breakout but in this scenario we have a LH on 4hrs Time frame that needs to be broken for any Bullish bias. Nifty is still bearish. For upcoming days , our plan of action would be PATIENCE.
We would like to wait for a good MSS and retracement and then we will plan for any Buy setup. Waiting would be a good option because we are approaching weekend.
If not then, we do have a Bearish setup where we can target the downside Higher time frame liquidity.
Trade safe and responsibly. This is for educational purpose only.
X-indicator
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in DEEPINDS
BUY TODAY SELL TOMORROW for 5%
CGPT Double Bottom PatternThe chart depicts a double-bottom pattern, signaling a potential bullish reversal. The breakout above the neckline (~$0.17) confirms the pattern, with a target projected near $0.30 based on the height of the formation. Strong support lies at $0.15, while resistance levels exist around $0.22 and $0.25. Sustained momentum could achieve the target.
Trend Reversal Stock: COCHIN SHIPYARD Cochin shipyard has been in a downtrend for a long time.
Cochinship took strong support around 1687 levels with good volume.
If the reversal is confirmed, we can expect to reach toward next resistance zones like 2271, 2687.
In case of breakout failure, the next support levels are 1369, 1260 levels
Turning Bullish: BELThe defense sector is turning bullish.
BEL has been trading over a tight range in a BOX PATTERN between 271 – 306 for nearly six months.
It has turned bullish for the past one week.
20 EMA crossed above 50 EMA, confirming the bullishness.
Support Levels: 271, 259, 240
Resistance Levels: 306, 309, 325, 339
Marico | Bullish SetupMarico chances of moving 5% in coming days.
Back to back green candle
Increasing volume
Strong RSI
Sustain Above 650 might give 3-5% returns in 2-3 days.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
Nifty View Hourly | Next movesNifty 50 as we expected rotated between 24000-24500. Today it went to 24000.
Case 1: abc of B in progress and b completed near demand zone. As shown in red. Now reversal of c can come.
Reversal candles with RSI signals can confirm.
Case 2: abc of B completed already at a and Now C in progress. As shown in blue lines B to C.
Below 23900 can confirm further drop towards 23500 and maybe to 22900.
Disclaimer: Not a buy, sell recommendation. Only for educational/ entertainment purpose.
Nifty Trading Strategy for 28th November 2024Trade Strategy for Nifty
Current Market Condition: Nifty has been consolidating for the last three days. A breakout on either side is expected to result in a movement of 300 points.
Buy: Enter a long position when the price moves above 24260 on a 15-minute candle close.
Sell: Enter a short position when the price drops below 24120 on a 15-minute candle close.
Current Price: 24275
Support and Resistance Levels
Support Levels:
24120: This is the first line of defense where the price might find support and potentially reverse upwards.
24000: If the price falls below 24120, 24000 acts as the next significant support level.
23500: This is a major psychological level that could provide strong support.
Resistance Levels:
24260: The initial barrier where the price might encounter resistance and potentially reverse downwards.
24500: If the price breaks above 24260, 24500 becomes the next key resistance level.
25000: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Please note that I am not a SEBI-registered advisor. Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
Nifty Retrace 38% and at support 15 min EMA 200Hello Everyone,
Nifty from low of 23350 made swing high of near 24350 now at support of EMA200 in 15 mins time fram also gap is almost filled RSI adjusted and fibbonacci retrace 38% if previous trends is going to continue then upside possible from here.
Double Bottom in Engineers IndiaChart -> Engineer's India Daily
Perfect double bottom breakout with volume!
CMP: 202
Good Range to Buy: 190 TO 205
Targets: 220, 230, 245
SL: 178 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Metropolis - Expected SceneriosStock at strong resistance zone of 2170 - 2190
Expecting to resist this area to test the available support areas of 2130 - 40 first then 2050 -70
If not it may sure resist at 2210 -2240
In any case waiting for at least 1 good sign in 30 or 15 mins for entry
Any close above 2250 negates all the view
Nifty Intraday Levels | 28-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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ILFS Investment cmp 11.60 by Monthly Chart viewILFS Investment cmp 11.60 by Monthly Chart view
- Support zone 8.50 to 10.00 Price Band
- Price testing retesting the Support Zone for upside breakout progress
- Bullish Rounding Bottoms formed with a probable close VCP pattern too
- Weekly Support at 8.50 > 5.50 > 2.75 Resistance at 14.75 > 18.50 > 22.50
- Price is hovering above Rising Support Trendline and attempting to cross over the Falling Resistance Trendline
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM
Why KOTHARIPETRO❓
1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅
2. Technically, All Time Bullish Stock. 📈
3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone.
4. Though Better Entry would be around 206 to 209 Rs range.
5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪
Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
NHPCAfter a fall of 34% from the High of 118.40, it took support at 77.50 for the 4th time forming a W pattern. we can see a slight volume pump. In last 3 trading session its consolidating in a range of 80.80 to 83.40, closing above 83.40 can get quick move till 85.00 where it can face resistance.
Daily closing above 85.00 will activate W pattern and we can target for 91.50 and 95 level with SL of 83.40