karan_bagri

karan_bagri

#stocks #investing #trading #trade #invest #swingtrade #bullish Key Observations: 1. W-Pattern Formation (Hourly Timeframe): The stock is forming a bullish “W” pattern, which typically signals a potential trend reversal, indicating possible upward movement in the short term. 2. Bullish Divergence in MACD: A bullish divergence in the MACD indicates that...

karan_bagri

#stocks #investing #swing #trading #technical #RSI #candlesticks Key Points: 1. Support at ₹15-16: The stock has shown strong support at this level, as evidenced by multiple bounces. This suggests that buyers are stepping in at this zone, making it a crucial level to watch. 2. RSI Crossover with 14 EMA: The crossover of RSI above the 14-day EMA is a bullish...

karan_bagri

Technical: • After reaching a fresh high of near 5,000, the stock has reversed from that level, indicating a potential change in character, a term often used in technical analysis to denote a shift in trend or momentum. • The RSI (Relative Strength Index) has dropped below 50, signaling a potential weakness in momentum and a bearish outlook in the near...

karan_bagri

Tata Chemicals (TATACHEM) breaking out from a falling #trendline, especially with rising #volumes, can be seen as a bullish signal. The rising volume indicates increased participation from buyers, confirming the strength of the breakout. Key Indicators to Watch: 1. Volume Confirmation: A breakout with increasing volume is a positive signal, as it confirms the...

karan_bagri

#Nifty50 #Options OI Data Outlook: • With 25,900 CE and 26,000 CE showing substantial OI buildup, the upside is expected to face significant resistance around these levels. • On the downside, support is spread across 25,600 and 25,350, with 25,750 offering some minor support as well.

karan_bagri

The 24,500 level will be pivotal, with heavy OI on both calls and puts suggesting a potential tug-of-war between bulls and bears. • Strong #resistance is evident at 24,700 and 24,800, which may limit upward movement. • On the downside, 24,300 serves as a crucial #support level, with 24,000 providing a secondary safety net. #Finnifty #Index #Expiry #Intraday

karan_bagri

OI Data • Resistance from 53,300 to 53,500 is expected to limit any sharp upward movement unless there is a breakout with significant volume. • On the downside, 52,500 is the level to watch, as it represents stronger support with substantial OI buildup. While 52,800 is a minor support level.

karan_bagri

OI Data • Resistance from 53,300 to 53,500 is expected to limit any sharp upward movement unless there is a breakout with significant volume. • On the downside, 52,500 is the level to watch, as it represents stronger support with substantial OI buildup. While 52,800 is a minor support level.

karan_bagri

#MidCapNifty analysis on basis of Technicals & OI Data

karan_bagri

Currently the stock is trading at a reasonable price after correction. The zone of 495 can be a good support level for upcoming days, and break below this might change the structure from bullish to bearish.

karan_bagri

1. Opening Price Insight: • If the #Sensex opens below 85,500, expect a #bearish or #sideways #trend. • There’s a #support level around 85,600 according to #CPR, which may trigger a #buying opportunity if the #index retests this zone. 2. #Demand Zones: • 85,300 is highlighted as a solid #demand zone, likely to act as another key support if ...

karan_bagri

Technical :- #Nifty50 CPR 2 day relationship suggest a bullsh-to-sideways trend for the expiry ahead. Nifty might open around at 26,000 levels. A golden pivot zone at 29,950 area make it a good #support for the day and we can #bearish move only if this breaks. In the #resistance side there's nothing much to see just a minor resistance at 26,050 levels. OI Data...

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#Indicator :- #NiftyBank's #CPR levels shows that there's a Golden Pivot Zone near 54,050 range, which might act as a crucial #resistance for the day. Also the placement of CPR for upcoming day suggests that the index can open under 54,000 and continue to be bearish for the rest of the day. #Chart Pattern :- The index is in the process of forming an "M"...

karan_bagri

Banknifty has formed Bullish Engluf candlestick pattern on weekly time. It is also taking support from multiple moving average channel.

karan_bagri

#Nifty50 Support & Resistance as #CPR and #pivotpoints. Nifty is opening above which is a #bullish indication, however the CPR width indicates bullish to sideways trend for today's expiry. There's a golden pivot zone near ₹24,730, which can act as major support for the day.

karan_bagri Updated 

As the whole market has dropped a few percentage in the last few days, major indices are taking support at their trendlines and channels. Finnifty too has bounced from its trendline suggesting possible bullish momentum in comings days. The index has also formed a Bullish Hammer on Daily time frame. Major support of finnifty is at ₹21,100 and resistance can be...

karan_bagri Updated 

#Irctc broke out from recent swing high of 652-630 range with high volume, and now sustaining above that level. RSI has also crossed 50 mark and until it stays above that the momentum will be bullish. From here on we can see target till 710, however if it fails to go higher and falls below 615 then view will be neglected.

karan_bagri

Nifty retracing back after kissing 18,000 levels and breaking 1hr trendline. Gaps made between 12-16 August & 11-12 August are also filled today. Nifty spot is currently at support zone of 17480. Bounce from current support level will take Nifty to 17700, while a breakdown of this support can take prices to 17200 and below.