NIFTY PREDICTIONNifty consolidating in a range since 2 days. breakout on either side will trigger 100 ++ points momentum.
LONG TARGET- 19500
SHORT TARGET- 19300
Zonetrading
PNB Daily looking bullishPNB Daily had done trendline breakout previously, now it has done breakout of selling zone, good to buy at 49 for target of 69,99 and 230.
With SL below 43
Texrail Ascending Channel BreakoutNSE:TEXRAIL
Pattern : Ascending Channel
What is Ascending Channel?
An ascending channel is the price action contained between upward sloping paralle lines.
We can draw trendline by connecting Higher high and higher lows to form a channel.
Support and resistance zone can be seen by connecting wicks.
Ascending channel shows uptrend of an undelying.
Breakout above Ascending channel can idicates Uptrend continuation with aggresive upper target.
Breakdown below and ascending channel can indicate a possible trend change.
Use : Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
How to trade ?
1. Breakouts : Trade breakout of channel.
2. Support and Resistance : Trade reversal if back from Resistance or Support.
3. Breakdown: Trade breakdown of Channel.
Trendline : Weekly Trendline Breakout - 4 December 2022
Ascending Channel Support Zone:
Successful accumulation can be seen
Ascending Channel Resistance Zone :
Tested 3 Times.
4th time boom and back in the channel.
5th time inside Resistance zone indicates Possible breakout.
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
How to Trade ?
1. Buy Set up - Trade Breakout : Buy above Red Ascending Channel Breakout.
2. Risky trader can buy >= 46.40
3. Inside Red lower zone sell intraday or short term with target at least 3%
Stop loss:
LONG OR BUY
1. Long term stop loss not more than 4%
2. If buy at 46.40 stop loss 44.50
3. Intraday stop loss for short not more than 1.28%.
Target For Long term buy :
Traget 1 = 60
Target 2 = 62 -63
Target 3 = 74 - 77
Target 4 = 90 + + + + + + +
Reentry criteria:
If fail or forget to enter or sl hit reenter with the same logic.
Intraday stop loss 1.28%. Long term stoploss 4%
Lagnam Spintex At ZONE OF INTERESTAccumulate 30% LAGNAM At CMP
40% LAGNAM At 60
40% LAGNAM At 45
TARGET 80/90/110 SL 40
Time Frame 2- 3 Months
Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China, Bangladesh, etc and their yarns are used in apparel & garment industry
Pros
Company is expected to give good quarter
Company has delivered good profit growth of 50.99% CAGR over last 5 years
Debtor days have improved from 53.27 to 42.22 days.
Cotton Exports Ban Unlikely
Nifty price action storyNifty is on sideways trend-
Theory to proof.
1.19Oct-2021 price created new higher high.
2.After that price start falling from new higher high.
3.During fall price created weekly supply zone.
4.On monthly time frame we can not say price created monthly supply zone.
Reason- we have only single leg-out candle on monthly frame without any follow-up.
5.On wards 20 dec weekly candle onwards price again travel towards to weekly supply zone.
6. and 17 Jan weekly candle start respecting supply zone.
conclusion - One weekly demand & one supply zone is respected.
Nifty Intraday Supply and Demand LevelsNifty Intraday Supply and Demand Levels for today based by analysis.
Bank Nifty Supply and Demand Zones for Intraday Bank Nifty Supply and Demand Zones for Intraday . All levels are based on support & resistance, OB, and swing.
Banknifty ZonesSupply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting
Right time to buy ABCAlmost 2 years period ADITYA BIRLA Capital stock price is below 118 price. We have seen breakout in this stock on last feb 2021 after that stock is sideways but soon we can see big upside movement in this stock.
So it's right time to buy it. Targets are marked by green horizontal line.
Multibagger media sector stockMultibagger media sector stock , ZEEL have potential to move from @cmp to it's last all time high.
Can be move from 200 price range to 600 plus price range on coming year.
This fact no one will disclosed. Retailers will get know when stock will be 300 or 400 price range by through news channels.
Now it's your choice. You can ride from the beginning or wait for some news.
Suntv near multi-year breakoutSuntv near multi-year breakout , have a good potential.
1st safe target after crossing 680 is 800 , stock will struggle little bit upto price range 680. After few up and downs we can see other targets
2nd 900 , 3rd 1000 near about and final new all time high.
ICICIBANK long with tasted zoneCompression. entry based on arrival type
Hello everyone, if you like the idea, do not forget to support with a like and follow. Feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view, pls trade at your own risk
Zone BreakoutThe stock has been trading a zone for ~3 months. Breached the resistance level with bullish candle and volume.
Can be bought at the current level of 226 for a possible target of 240.
Note: Educational purpose
Bulls at work!The stock has given resistance breakout and zone breakout.
Can be bought at current levels of 122 for a possible target of 126/133.
Note: Educational purpose
Eicher Motors Breakout Eichermot broke out exactly at the 200DMA. Good zone for potential upside from here. Will be trading every rally for a couple more weeks. If nifty also starts to move it will be catalyst for Eichermot.
Mahindra & Mahindra Finance It's in the accumulation phase here.
One can collect it in between 127 to 141.
147 is of high resistance.
If it breaks 147, then we can see 160 and 190.
Play with a strict stop loss of 127.
Short BEL RR1:4Short at 120
SL 126
Target 95
RR 1:4
Disclaimer
As BEL is related to defence, govt is taking stringent actions on imports of military goods.
Due to the news the stock is moving higher.
So this call is related to pure technicals not fundamentals.
NIFTY back in trading range! Good opportunities ahead Nifty - Technical Analysis:
-Nifty gapped up good today around 11400 and closed at 11378
-Nifty got back in trading range and not move on wither side is possible with a bullish bias
Market - Driving Factors:
-Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank
-Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex shares 11 closed in the red.
-The broader markets continued to outperform the benchmark indices, with the midcap index rising half a percent and smallcap 1 percent.
Nifty - Outlook for Thursday, 20th August:
Nifty saw a good gap-up in the morning and sustained above the previous day close.Though it ended higher, the closing was lower than the opening tick so it formed a bearish candle on the daily chart. Traders should remain neutral and look for trends to form before making a decision
NZDJPYNzdjpy is in a very healthy uptrend with parallel channel . The price is making new support and resistance levels again and again in a parallel channel .
SMALL CAP BODALCHEMAll explained in the chart
Check the NIIT TECH analysis to see the about stop loss and trailing stop loss
Ril longril long at givin point and get book profit.
you get 1:4 RR ratio.
that meansgood profit.
there is gap up so ril come at that given point to fill that gap.
