NaveenGr

NaveenGr

1. Trend - UP. 2. Support - 200 was earlier acting as Resistance but now price is above 200 and this is now support. Resistance -price is now making all time high, next major resistance will be 250 now. 3. Market conditions - BankNifty is showing reversal. Up move to 53000 is expected. Federal Bank is strongest of banking stocks, so we will buy this to...

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NTPC is making all time high. Lets see why its a good buy at current level. 1. Structure - a. Resistance - Three selling rejections from 390 area since 04 june 2024. Before that 380 acted as resistance. Broke out above 400 on 29th July but showed selling. Important thing is it showed buying again next day and is now above 400 again. So it broke above 400, gave...

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KISS Had shared simple trendline strategy here - - Lets check if LemonTree satisfies it or not - 1. Filter - a. Stock price less than 5000 - True. b. Should be liquid(good volume) - Weekly volume in millions, True. 2. Time frame - Weekly 3. Find trend of the stock - Up Trend. 4. Check if its following a trendline. Should be at least an...

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KISS - Keep It Simple Stupid COLPAL buy shared on march 4 2022, price was around 1500, since then price has given MORE THAN 120% RETURN. Check the investment idea shared earlier - Below are steps of a simple Trendline strategy- 1. Filter - a. Stock price less than 5000. b. Should be liquid(good volume). 2. Time frame - Weekly 3. Find trend of...

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Asian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this. 1. Support - 2700. Resistance - 3500. 2. Trend - a. Long term trend is UP. b. Since 2022 it is in sideways consolidation. 3. Conclusion - After a good long...

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1. Structure - a. Support - 24200. 2. Trend - Higher highs, low broke but didnt sustain below previous low, made new high -> Uptrend. 3. Buying zone - 24200. 4. Conclusion - Continuation of uptrend expected. Target 25800 in coming weeks. Use any down move to add to your long term buying positions esp in IT, Pharma around 24200.

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BankNifty analysis - 1. 34000 - BUYING ZONE. 2. 39000 - MAJOR RESISTANCE. 3. Took support from 34000 as expected and explained in linked BANKNIFTY analysis idea. Up Move expected to continue to 39000 level. 4. 36700 - GAP, likely to be filled. Next level 38000. 5. BUY if trades above 36700. Target 38000, 39000.

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1. Trend still down in weekly. 2. Pull back going on - 17800 - 1st resistance. 18350 - Major resistance. 3. Buying profit levels - 17800, 18300. 4. Selling expected - 18350 zone leading to 16000 levels again. Watch price action to create new shorts around 18350. 5. Buy if gives weak pullback above 18350 - Trend will change to up in weekly time...

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BankNifty Analysis - As mentioned in earlier weekly analysis of BANKNIFTY, 34000 was a strong buying zone, please check linked chart analysis of previous week for more detail. 1. DEMAND ZONE 34000. 2.Broke 34000 but reversed immediately, strong buying from SUPPORT ZONE. 3.BUY - 1. If trades above 35000. 2. Stop 34800. 3. Target - 36000, 37000,...

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NIFTY ANALYSIS - 1. Trend - Down in Daily Time frame. Trend will change to up above 16800. 2. Support - 16400, 15700. Resistance - 16800, 17200, 17600. Major Resistance - 18300, 18600. 3. Future Trend - As trend was down we expect down trend to continue till 15500 zone. Our down trend will change to up trend if NIFTY trades above 16800. BUY - 1. If...

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1. This Up Move started from 15500 in WEEKLY time frame, so this is very important level. Trend is still up in Weekly. 2. But trend is down in daily. AS NIFTY SUSTAINED BELOW 16400( was already explained in previous post, check linked idea) EXPECTATION IS OF TEST OF 15500-15600 ZONE. BOUNCE IS EXPECTED FROM THERE. 3. If gives closing below 15500 in weekly then...

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Colgate-Palmolive (India) - 1. Has been following up trend line since 2009 as visible in the chart. 2. Expected to follow the trend line. 3. Entry - for long term some part can be added at current levels. Major buying can be done when price breaks the trend line in DAILY time frame but reverses and closes above it. Entry on high break of this candle.

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1. Zomato in Down trend 2. Three buying attempts from 75-78 zone each time making lower high - means buyers are getting weaker. 3. Triangle formation. 4. Intraday - Short if sustains below 78. Stop - 80. Target - 73, 70. 5. Down move is expected till 60.

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SUMMARY - BANKNIFTY was in uptrend but is in sideways 34000 - 42000 now. This ranging action is expected to continue for coming months till 42000 is broken and Banknifty sustains above it. 42000 - Resistance, selling is expected from this level. Best Buying chance will be near 34000. Look for buying setups near 34000. Example - Break of 34000 in daily time...

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1. TREND - SIDEWAYS - 16400 - 18600. 2. 1. Nifty made 4 failed attempts to sustain below 16850. 2. Each time strong buying came which took it above 17000. 3. Lower highs indicating weakness in up/buying, this was indication of 16800 break. 4. a. BUY - If sustains above 16800 or on daily candle high break after Pullback. b. Reason - Many buyers were...

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Nifty 50 Intraday Setups - 17200 is key level, trade around this level.

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PayTm - Possible Short and long trades around 890 level. Buy if after breaking 890 comes above it and gives weak pull back. Target - 950, 970. Short if after breaking 890 sustains below it, enter on weak pull back to 890. Target - 850, 810.

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Nifty 50 Futures Analysis in Daily timeframe 1. TREND - SIDEWAYS - 16400 - 18600. 2. Nifty made 4 failed attempts to sustain below 16850, shows strong buying coming from below 16850 till 16400. Expect same to continue, that is buying to come from 16400 - 16850 zone. 3. BUY - If breaks 16800 and reverses . Entry - Next day if breaks above 16800 break...