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FINNIFTYQ2024 trade ideas

FinniftyPrice is moving within the range of 22800 to 23150 for few days. Now it is at 23150 zone. The possibilities are 1. Price can take support from 23150 zone. 2. Price can face resistance and fall towards 22800. 3. Price can move within the range without proper trend direction. Buy above 23160 with the stop loss of 23110 for the targets 23210, 23260, 23300 and 23340. Sell below 22980 with the stop loss of 23040 for the targets 22940, 22900, 22840 and 22800. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
10 Most Popular & Trusted Chart Patterns10 Most Popular & Trusted Chart Patterns Chart patterns are crucial tools for traders to predict price movements in financial markets. They help traders predict future trends and the direction of a stock or any other security. In this article, we'll explore the 10 most popular and trusted chart patterns, covering both continuation patterns that signal a trend's persistence and reversal patterns that indicate a trend change. 10 Popular and Trusted Chart Patterns These are 10 of the popular and reliable chart patterns used for technical analysis as below. 1. Head and Shoulders The head and shoulders pattern on a chart features a prominent peak with two smaller peaks on either side. Traders analyze this pattern to anticipate a shift from bullish to bearish trends. Usually, the first and third peaks are smaller than the central peak, and they all retreat to a common support level called the 'neckline'. When the third peak declines to this support level, it often leads to a breakout into a bearish downtrend. 2. Double Top/Bottom The Double Top pattern is a chart formation indicating a potential trend reversal in trading markets. It forms after an uptrend when the price reaches a peak (the first top), retraces, and then rises again to a similar peak (the second top), forming a resistance level. This pattern suggests that buyers are becoming less aggressive, potentially leading to a downtrend as sellers gain control and push prices lower after failing to surpass the resistance level. 3. Double Bottom The double bottom on the charts indicates a change in market direction from bearishness to possible bullishness. It appears after downtrends when the price goes down to a low level twice (as two ‘bottoms’) but it does not decline further on each occasion. This pattern suggests that selling pressure has weakened and buyers may start pushing prices higher. Traders often see it as a signal to anticipate a potential upward movement in the market. 4. Rounding Bottom The Rounding Bottom, or saucer bottom, is a bullish chart pattern signaling a potential reversal from a downtrend to an uptrend. It occurs when prices gradually dip to a low point and then start rising slowly and steadily in a curved shape like a bowl. Traders look for this pattern as it suggests a shift in sentiment from selling pressure to buying interest, indicating a possible opportunity to enter long positions as the trend reverses upwards. 5. Cup and Handle The cup and handle pattern is bullish and indicates a brief period of negative market sentiment before the main uptrend resumes. The cup resembles a rounding bottom pattern, while the handle resembles a wedge pattern, as discussed later. After forming the rounding bottom, there's typically a temporary pullback called the handle, confined within parallel lines on the price chart. The asset eventually breaks out of this handle phase and continues its upward trend. 6. Wedges Wedge patterns in trading are formed by converging trendlines that slope either upward or downward. A rising wedge is bearish, suggesting potential price declines, as the highs and lows tighten over time. On the other hand, a falling wedge is bullish, indicating potential price increases, as the highs and lows also converge but in a downward direction. Traders look for breakouts from these patterns to confirm trend continuations or reversals, using them to anticipate future price movements in the market. 7. Pennant or Flags A pennant is a short-term chart pattern that forms after a strong price movement, resembling a small symmetrical triangle. It represents a temporary consolidation or pause in the trend, where the price moves within converging trendlines that resemble a pennant shape. Typically, a pennant is a continuation pattern, suggesting that after the brief consolidation, the prior trend is likely to resume. Traders often watch for a breakout above or below the pennant's trendlines to confirm the direction of the next significant price movement. 8. Ascending Triangle An ascending triangle is a bullish pattern. It forms when the price moves upward within a confined area, with a flat resistance level and a rising support trendline. Traders interpret this pattern as a sign of increasing buying pressure as the price repeatedly tests the resistance level. Typically, when the price breaks above the horizontal resistance line of the triangle, it often continues upward, making it a potential signal for traders to enter long positions or to expect further bullish movement in the market. 9. Descending Triangle The Descending Triangle pattern is a bearish continuation pattern in technical analysis. It forms when the price action creates a horizontal line (support) and a descending trendline (resistance). Traders interpret this pattern as a signal that the downtrend is likely to continue, as sellers become more aggressive near the resistance level while buyers fail to push the price higher. 10. Symmetrical Triangle The symmetrical triangle pattern in technical analysis shows a period of indecision in the market, with converging trendlines forming a triangle shape. It doesn't indicate a clear bullish or bearish bias initially. Traders watch for a breakout above the upper trendline for a potential bullish continuation or below the lower trendline for a potential bearish reversal. It's important to confirm the breakout with increased volume to validate the pattern's significance. Conclusion Learning about chart patterns helps you understand how markets behave. While these patterns give important clues, remember that no strategy always works perfectly. It's important to use them with other indicators and manage risks carefully. By being patient and staying disciplined, you can make informed decisions that fit your trading plans.
NSE:FINNIFTY1!
by Dhan
FinniftyWe had a very good movement today. Trend deciding level/zone is 21900 and price is taking support from it. Buy above 22020 with the stop loss of 21980 for the targets 22060, 22100, 22160 and 22200. Sell below 21880 with the stop loss of 21920 for the targets 21840, 21800, 21760 and 21720. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice was volatile and range bound for the past few days. 21500 zone will decide the trend direction. Buy above 21540 with the stop loss of 21500 for the targets 21580, 21620, 21660 and 21720. Sell below 21420 with the stop loss of 21460 for the targets 21380, 21340, 21300 and 21280. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice is facing double top resistance around the zone 21350 - 21380. This can act as a trend direction deciding level. Buy above 21400 with the stop loss of 21360 for the targets 21440, 21480, 21520 and 21580. Sell below 21300 with the stop loss of 21340 for the targets 21260, 21220, 21180 and 21120. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
Finnifty - May 7We had a very narrow range movement today. And we can see the price is at support now. Price has formed a descending triangle pattern also. Buy above 21840 with the stop loss of 21790 for the targets 21880, 21940, 22000 and 22060. Sell below 21750 with the stop loss of 21790 for the targets 21710, 21660, 21620 and 21580. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
4
Finnifty - April 30Price is at the trend deciding zone 21800 - 21840. Will the trending move what we get today will continue tomorrow or the price will reverse? Buy above 21860 with the stop loss of 21820 for the targets 21900, 21960, 22020 and 22050. Sell below 21760 with the stop loss of 21800 for the targets 21720, 21660, 21620 and 21580. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice is moving by taking the trend line as support. Momentum was less today compared to previous day. Will the trend continue or price will fall? Buy above 21380 with the stop loss of 21330 for the targets 21420, 21460 and 21520. Sell below 21280 with the stop loss of 21320 for the targets 21240, 21200, 21160 and 21120. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
1
FINNIFTY Prepare for short term rallyFINNIFTY technically moving with an upward trend. No major fundamentals are supporting a change in a technical pattern other than the India-Mauritious tax issue on FIIs. But it is unlikely to affect Buying at lower levels Buy can be initiated between 21000-20500 Make sure that one can Handling 500 points of volatility 800-1000 points can be expected before 7th May 2024 Support: 20500 Resistance: 22500 By Sathish Kavinchal SEBI Registered Research Analyst INH200007539 Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
NSE:FINNIFTY1!Long
by SathishKavinchal
FinniftyPrice is testing the support 21150 - 21180. Next support is seen at 20990 - 21020. Resistance is at the zone 21290 - 21320. Buy above 21180 with the stop loss of 21140 for the targets 21220, 21260, 21300 and 21360. Sell below 21100 with the stop loss of 21140 for the targets 21060, 21020, 20980 and 20940. The price will react at the support/resistance levels given above. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyThough the price is moving taking the trend line support, it is a slow move and now price is consolidating. Resistance zone : 21690 - 21720. Support zone : 21500 - 21530. Buy above 21720 with the stop loss of 21670 for the targets 21760, 21810 and 21880. Sell below 21620 with the stop loss of 21660 for the targets 21680, 21540 and 21500. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice is moving inside a channel, which makes it tough to under the trend direction. Important support is 20480 - 20520. Important resistance is 20720 - 20760. Buy above 20680 with the stop loss of 20640 for the targets 20720, 20760, 20800 and 20860. Sell below 20480 with the stop loss of 20530 for the targets 20440, 20400, 20350 and 20300. If price breaks the above mentioned resistance with volume, then we can expect good movement. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice was moving within the range 20900 - 21100 for few days and the range was broken today. Price will be bearish if it stays below the range. Important resistance - 21100. Important support - 20700, 20900. Buy above 20950 with the stop loss of 20900 for the targets 21000, 21040, 21080 and 21120. Sell below 20850 with the stop loss of 20900 for the targets 20800, 20760, 20720 and 20680. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice moved in the range of 19920 to 20040 in the afternoon session today. It have to sustain above 20000 to remain bullish. Price is bearish below the zone. Buy above 20020 with the stop loss of 19970 for the targets 20060, 20120, 20180 and 20260. Sell below 19900 with the stop loss of 19950 for the targets 19850, 19820, 19780 and 19720. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
FinniftyPrice had a good bearish momentum today and now it is at double bottom support. Support should hold and price have to break the trend line to change from bearish to bullish. Important support zone is 20280 - 20340. Buy above 20340 with the stop loss of 20280 for the targets 20400, 20460, 20520 and 20560. Sell below 20240 with the stop loss of 20300 for the targets 20200, 20160 and 20080. Analysis is based on the assumption that price will decide the trend direction at the zone 20280 - 20340. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
3
FinniftyPrice gave good movement in the morning session and moved with less momentum which resulted a channel pattern in the afternoon session. Note : Price may be volatile because of the upcoming budget on Feb 1. Support zones - 20280 to 20320 and 20480 to 20520. In case of gap up/gap down these levels may act as resistance also. Buy above 20520 with the stop loss of 20480 for the targets 20560, 20600, 20660 and 20720. Sell below 20400 with the stop loss of 20450 for the targets 20360, 20320, 20280 and 20220. These levels are derived based on the assumption that price will decide the trend direction at the zone 20480 to 20520. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
2
FinniftyPrice is moving within the range 20300 to 20650 for the past 3 days. So we can expect breakout. 20600 is an important support zone. This analysis is based on the assumption that price will take support from 20600 zone. Buy above 20640 with the stop loss of 20580 for the targets 20680, 20740, 20800 and 20860. Sell below 20480 with the stop loss of 20520 for the targets 20440, 20400, 20360 and 20300. 20300 is the 2nd support area. If price breaks the support, then we can expect the move towards 20100 zone. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
$NSE:FINNIFTY1! Looks Bearish for tomorrow 17thJan24NSE:FINNIFTY1! Looks Bearish for tomorrow 17thJan24 For Back testing Renko Indicator for the rules shown on the chart. If it helped you or you liked my work/analysis please Comment, Boost and Share to keep me motivated and share similar in future. Follow strict stop loss. Do your own research before investing or trading in any stock or indices or crypto. Disclaimer: This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:FINNIFTY1!Short
by jac001
FinniftyPrice is moving in a channel formation. Very narrow channel and it makes the movement as choppy move. Support is 21500 - 21520 zone. Channel resistance is expected at 21566 -21580. Sustaining above this is important for the price to continue the uptrend. Buy above 21580 with the stop loss of 21540 for the targets 21620, 21660, 21720 and 21760. Sell below 21480 with the stop loss of 21520 for the targets 21440, 21420, 21380 and 21320. 21360 will act as a support zone. Analysis is made on the assumption that the price will break the channel formation and move up or face resistance and fall down. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi