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SBI Life Insurance Company Ltd view for Intraday 11th Dec SBI Life Insurance Company Ltd view for Intraday 11th Dec #SBILIFE Resistance 1490 Watching above 1492 for upside movement ... Support area 1450 Below 1470 ignoring upside momentum for intraday Support 1450 Watching below 1447 or downside movement ... Resistance area 1490 Above 1470 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:SBILIFELong
by EmpireCrown
HDFC Life Insurance Company Ltd view for Intraday 11th Dec HDFC Life Insurance Company Ltd view for Intraday 11th Dec #HDFCLIFE Resistance 640 Watching above 642 for upside movement ... Support area 630 Below 630 ignoring upside momentum for intraday Support 630 Watching below 628 or downside movement ... Resistance area 640Above 640 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:HDFCLIFELong
by EmpireCrown
Nifty Trading Strategy for 11th December 2024Nifty Trading Strategy Key Levels: Buy Above: 24,770 (on the high of the candle that closes above 24,770 on a 15-minute chart) Sell Below: 24,560 (on the low of the candle that closes below 24,560 on a 15-minute chart) Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 24,770 on a 15-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 24,560 on a 15-minute time frame. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Stop-Loss: Always use a stop-loss to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
Sree Rayalseema cmp 754.35 by Weekly Chart viewSree Rayalseema cmp 754.35 by Weekly Chart view - Price Band 645 to 675 Support Zone - Price Band 807 to 837 Resistance Zone - Volumes are yet below the avg traded quantity, need to increase - Weekly basis Support at 620 > 501 > 385 with Resistance at 837 > ATH 951.90 - Stock Price is hovering well above both the Falling Resistance and Rising Support Trendlines - Stock made few months long repeat Bullish Rounding Bottom, with another one in completion process with neckline at Resistance Zone - Price closure above Resistance Zone by increased Volumes would provide fresh impetus for creation of NEW Lifetime High Milestone beyond current ATH 951.90
NSE:SRHHYPOLTD
by PIYUSHCHAVDA
GSPL - Gujarat State Petroleum Corporation Bullish ViewGSPL charts have formed a bullish engulfing candlestick pattern. You can use this opportunity because it has a very good risk to reward ratio. Entry: Long above ₹389.80 (the high of the bullish engulfing candle) Stop-Loss: Short below ₹368 (the low of the bearish candlestick before the bullish engulfing pattern) Take-Profit: This will depend on your risk tolerance and trading goals. based on a 1:2 or trailing basis 1:3 Risk to reward Ratio Risk Management: Always remember to practice good risk management. Only risk a small percentage of your capital on each trade. Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Remember, trading involves risk. I can't guarantee that this trade will be successful. Also dont forget to share and boost, thank you for all your love and keep supporting like you do, helps me work harder..
NSE:GSPLLong
by piyushbafna000
GOLD TRADING POINT UPDATE >READ THE CAHPTACINBuddy'S dear friend 👋 Gold Trading Signals 🗺️ Update Gold Traders list week NFP Dita expect it USD Fundamental analysis Update Gold Not sure move up trand not short trend 📉📈. I expected it 😮 today night 🌉 market open start Short Trade. Technical analysis setup Gold 4 H chart candle close below 2609 this week next target we'll see 2500 ?! Resistance level 2655 2665 Support level 2621 2605 2500 Technical Analysis charter patterns Support ✨ My hard analysis setu like And Following Me that is star ✨ of game 🎯
OANDA:XAUUSDShort
by SMC-Trading-Point
2
Bank Nifty Index Chart Technical Analysis ### Technical Analysis of Bank Nifty Chart --- ### **1. Chart Overview** - **Chart Type**: Heikin Ashi chart on a **15-minute timeframe** for Bank Nifty. - **Indicators Used**: - Volume - MACD (Moving Average Convergence Divergence) - RSI (Relative Strength Index) - **Key Observations**: - A **falling wedge pattern** is forming, which generally signals a bullish reversal. - Resistance and support zones are well-defined. - A bearish divergence was observed earlier but seems to be resolving into consolidation and potential bullish movement. --- ### **2. Key Chart Features and Pattern Observations** - **Falling Wedge Pattern**: - A prominent **falling wedge pattern** suggests that a breakout above the resistance line could lead to a significant price increase. - **Bearish Divergence on MACD**: - Earlier in the chart, the price made higher highs while MACD showed lower highs, indicating **bearish divergence**. This contributed to a short-term price correction. - **Consolidation**: - After the correction, the price consolidated within the wedge, indicating indecision in the market and potential for a directional breakout. - **Green Heikin Ashi Candles**: - Towards the right, green Heikin Ashi candles with increasing volume indicate early signs of bullish momentum. --- ### **3. Indicator Analysis** - **MACD**: - Earlier bearish divergence indicated weakness in the rally. - Currently, the MACD lines are nearing convergence and turning upward, signaling possible bullish momentum. - **RSI**: - RSI is climbing above **51.27**, indicating strength returning to the market. - No oversold or overbought conditions are observed, leaving room for further price movement. - **Volume**: - Volume increases during the green candles, confirming that buyers are stepping in at lower levels. - This volume behavior supports the validity of the falling wedge breakout. --- ### **4. Key Levels** - **Support Levels**: - **52,850.35**: Strong support level formed during the wedge pattern. - **53,302.65**: Intermediate support for a tighter stop-loss. - **Resistance Levels**: - **53,604.75**: Immediate resistance; a breakout above this confirms bullish momentum. - **53,775.10**: Major resistance and potential target. - **53,888.30**: Extended target on a strong breakout. --- ### **5. Overall Summary** - The chart reflects a consolidation phase after an earlier downtrend and bearish divergence. - The **falling wedge pattern** coupled with bullish signals from MACD and RSI indicates a potential upward breakout. - Increasing volume on bullish candles supports the likelihood of price gaining upward momentum. --- ### **6. Recommendation / Trading Strategy** #### **Bullish Strategy**: - **Entry Point**: Buy above **53,604.75** once a breakout is confirmed with high volume. - **Targets**: - First target: **53,775.10**. - Second target: **53,888.30**. - **Stop Loss**: Place a stop-loss below **53,302.65**. #### **Bearish Strategy**: - If price fails to break above **53,604.75**, consider shorting below **53,302.65**. - **Target**: **52,850.35**, with a stop-loss above **53,450.00**. --- ### **7. Conclusion** The **falling wedge pattern** and improving indicators suggest a bullish bias, with potential for an upward breakout. Traders should wait for confirmation above resistance levels to go long. The overall outlook is **bullish**, provided the price sustains above key support levels and resistance breakouts occur.
NSE:BANKNIFTYLong
by ramumaurya
Nifty 50 Index Chart Technical Analysis### Technical Analysis of Nifty 50 Index Chart --- ### **1. Chart Overview** - **Chart Type**: Heikin Ashi chart on a **15-minute timeframe** for the Nifty 50 Index. - **Indicators Used**: - Volume - MACD (Moving Average Convergence Divergence) - RSI (Relative Strength Index) - **Key Observations**: - Two major price bottoms (labeled as **Bottom 1** and **Bottom 2**) with bullish divergence signals. - Resistance zones and potential breakout levels are marked. - A potential **bullish reversal** after a sustained downtrend. --- ### **2. Key Chart Features and Pattern Observations** - **Downtrend and Bottom Formation**: - The chart shows a significant downtrend, leading to **Bottom 1** followed by consolidation and the formation of **Bottom 2**. - A **falling wedge pattern** appears to develop between **Bottom 1** and **Bottom 2**, a bullish reversal pattern. - **Bullish Divergences**: - Both the **MACD** and **RSI** show **bullish divergence** at **Bottom 2**, indicating weakening selling pressure and potential for an upward reversal. - **Heikin Ashi Trends**: - Following **Bottom 2**, green Heikin Ashi candles emerge with longer bodies, signifying the beginning of bullish momentum. --- ### **3. Indicator Analysis** - **MACD**: - Shows a **bullish divergence**: while price forms lower lows, the MACD histogram and signal lines form higher lows. - The MACD line is crossing above the signal line, which is a **buy signal**. - **RSI**: - RSI dips into oversold levels (around **31.70**) at **Bottom 2**, confirming selling exhaustion. - The RSI also shows **bullish divergence**, signaling a potential price recovery. - **Volume**: - Volume spikes around **Bottom 1**, indicating strong activity. - After **Bottom 2**, volume shows gradual improvement alongside the green candles, confirming bullish participation. --- ### **4. Key Levels** - **Support Levels**: - **24,295.55**: The lowest point in the chart, acting as strong support. - **24,593.25**: Intermediate support formed during consolidation. - **Resistance Levels**: - **24,620.50**: Immediate resistance level; a breakout here would signal bullish continuation. - **24,857.75**: Major resistance level and potential upside target. --- ### **5. Overall Summary** - The chart reflects a potential **bullish reversal** after forming a double-bottom pattern (**Bottom 1** and **Bottom 2**) with divergence signals. - Indicators such as MACD and RSI confirm the upward momentum. - The falling wedge breakout is likely, provided the price sustains above resistance levels. --- ### **6. Recommendation / Trading Strategy** #### **Bullish Strategy**: - **Entry Point**: Buy above **24,620.50** after a strong breakout confirmation. - **Targets**: - First target: **24,857.75** (major resistance). - Second target: **25,000.00** (psychological level). - **Stop Loss**: Place a stop-loss below **24,450** to manage downside risk. #### **Bearish Strategy**: - If price fails to break **24,620.50**, consider shorting below this level. - **Target**: **24,300.00**, with a stop-loss above **24,650.00**. --- ### **7. Conclusion** The chart suggests a strong **bullish bias** supported by technical patterns, bullish divergences, and increasing momentum. Buyers should focus on breakouts above resistance, while sellers should wait for rejection signals at key levels. The overall outlook is **bullish**, with potential for upward movement toward resistance levels.
NSE:NIFTYLong
by ramumaurya
Gold Trading Levels for 09th December 2024Gold Trading Levels and Analysis Gold has been consolidating for the past week, indicating a potential breakout is imminent. Here are the key levels and details: Buy Setup Entry: Buy above 2,643 if the price breaks and closes above this level, signaling an upward breakout. Targets: 2,700-2,710 Stop Loss: Below the low of the breakout candle for risk management. Sell Setup Entry: Sell below 2,624 if the price breaks and closes below this level, signaling a downward breakout. Targets: 2,560-2,550 Stop Loss: Above the high of the breakdown candle. Market Context Gold has been trading in a tight range, creating pressure for a potential breakout in either direction. This week’s market movement could determine the direction, so watch for the key levels closely. Disclaimer The above analysis is provided for educational purposes only and is not intended as financial or investment advice. Trading in commodities carries risk, and past performance is not indicative of future results. Please perform your own research or consult a certified financial advisor before making any trading decisions. Always trade responsibly and use proper risk management techniques.
OANDA:XAUUSD
by ramkkyy