SatpalS

SatpalS

NIFTY50 - TRENDLINE RESISTANCE - 60min CHART FIIs and PRO are still selling. Nifty call OI data looks weak. 23300-23000 seems the next stop. Its a Sell on Rise market. Resistance: 23800, 23900, 24000 Check Nifty50 monthly analysis here... If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com For learning and educational...

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NIFTY50 - ASCENDING CHANNEL - MONTHLY CHART. Nifty is currently trading within an ascending channel and remains significantly above the 50 EMA. On the weekly chart, it is forming a double bottom pattern. The recent market decline is attributed to the US Fed's rate cut and hawkish commentary. Based on technical analysis, open interest (OI) data, and market news,...

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USHAMART - TRENDLINE RESISTANCE - 30min CHART Analysis based on Price Action strategy. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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TILAKNAGAR INDUSTRIES - TRIANGLE PATTERN & DARVAS BOX PATTERN - 2HR CHART. Analysis based on Price Action strategy. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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BANK NIFTY - HORIZONTAL CHANNEL - 60MIN CHART Analysis based on Price Action + Data. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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ASIAN PAINTS - HORIZONTAL CHANNEL - WEEKLY CHART. Analysis based on Price Action + Data. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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Coal Indian is making two patterns at daily time frame. There is clear RSI divergence and Hammer candle formation. Once it gives the Breakout of trendline then one may think about taking the trade. Price Action based analysis. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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Shanthi Gear is at a good support, faced Resistance at Trendline 5 times, there is probability of a reversal if it gives a Breakout of the Trendline. For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.

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BANK NIFTY is making Double Bottom pattern at 2hr chart, it is facing around 51000 levels. If breaks it then it may go up further. For learning and educational purposes only, not a trading advice. Please consult your financial advisor before investing.

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ADANI POWER has faced Resistance at the upper trendline multiple times. Its been 5months since it has been facing the resistance. Now it is taking support at an old support level since last month. If it breaks the trendline resistance then it may give a good upside move. But wait for Re-test after the Breakout. It may go up to 670-75 and then re-test at around...

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POWERGRID is facing Trendline Resistance at Daily time frame. It gave Breakout and now re-testing it. It is right above the 200MA. There is probability of reversal from this level, one may keep an eye on it. Right now at a good support. In case it goes down then it may touch 295-290 levels. For learning and educational purposes only, not a trading advice. Please...

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BEL face Resistance multiple times at the upper Trendline. Today it gave BO, re-test is also done, heavy volume, now it may go towards 340. For learning and educational purposes, not a trading advice.

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NIFTY50 is making Head & Shoulder pattern at weekly chart. 23350 is a Strong Support, it is at an old lower trendline Support too. We took the support at this lower trendline even on 4th June - Election Result Day. Before that in the last week of October 2023. Since 10% correction has already happened so there is strong probability of a Reversal from this...

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Nifty is making VCP pattern. 24500 is a strong Resistance, if it breaks it then we may see a really good upside move but the chances of breaking it are less, it may spend time between 24300-24500. If Nifty gives breakdown then 24300 will serve as an immediate support, 24100-24000 will be next supports if it goes down further. Price Action helps in understanding...

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Nifty has completed Head & Shoulder Pattern at Daily time frame. If market has to reverse then this is a good level. If it goes down further then next support levels will be 23890, 23340. For learning and educational purposes only, not a trading advice.

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HAL is making a Trendline Resistance Pattern at 30min chart, going down while making Lower highs, 4440 area is working as a support zone for it. It may go down towards 4470-30 and reverse. One may buy when it breaks the blue color trendline. Hammer candle formation at support area will be good. For learning and educational purposes only.

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USHAMART is seemed to be making an Inverted H&S pattern. It may go down make 2nd shoulder and then reverse. Formation of a Hammer candle at 2nd shoulder will be a good confirmation. It is also moving in an Ascending Channel from June 2023 at Weekly chart. 330 seems a good support, horizontal and lower trendline, it may reverse from this level. 420-427 seems a...

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Bank Nifty is making Trendline Resistance pattern at 30min chart. It made a Hammer candle at 30min chart and after that a green candle gave closing above the Hammer. There is probability of BN going towards 52000, it is a Resistance as well. On 4oct market went up to 52358 and came down about 1000points, touched 51350 and made Hammer candle at at old support....