Keep an eye on this stock as consolidating and can enter above breakout of recent levels of 629-630
Swing Trading Setup for SAIL 1. Support and Resistance Zones: Support Zone: ₹127 - ₹132 (highlighted in the Gray box in the image). Resistance Levels: ₹144 (nearest resistance where the price is reacting now). ₹155 (next major resistance level). ₹176 (long-term resistance). 2. Current Price Action: The price is currently trading near the ₹141 level, facing...
Swing Trading Setup: Entry Point: Enter the trade at the breakout of the descending trendline. A clear break and close above this line confirm the bullish momentum. In this chart, the entry would have been around the 0.00001900 level. Set the target around significant resistance levels or previous highs. According to the chart, the first target could be around...
Swing Trading Strategy: Instrument: Gujarat State Petro Ltd (NSE) Timeframe: Daily Chart (1D) Chart Analysis: The price recently pulled back to a previous resistance level around 408, which is now acting as a support. There is a visible confluence of multiple EMAs (20/50/100/200), which provides a trend-following environment. The stock is showing signs of...
Swing Trading Setup: Instrument: Hindalco Industries Ltd (NSE) Timeframe: Daily Chart (1D) Chart Analysis: The stock has broken out above a horizontal resistance level around 713.30, which was previously a strong resistance point. The breakout is accompanied by a strong green candle, indicating bullish momentum. Entry Criteria: Buy Entry: Enter a long...
This chart shows a stock price movement over time. There are several key areas identified: BOS: These indicate "Breakout of Structure" which could be interpreted as potential buy or sell signals. Institutional Buying Area: This zone suggests a region where institutional investors might have been accumulating shares. Liquidity: A zone that suggests a shift in...
Exponential Moving Averages (EMAs): The chart displays multiple EMAs (20, 50, 100, 200) as colored lines: Red: EMA 20 at 908.20 Orange: EMA 50 at 887.65 Blue: EMA 100 at 870.84 Purple: EMA 200 at 858.31 These EMAs are used to show the stock's trend over different time frames, with shorter-term EMAs above the longer-term ones, indicating a bullish...
Have given breakout of recent resistance can be a good opportunity to enter for a swing trade with good targets upside.
Key Levels: Order Block (OB): ₹980 to ₹1,011 This is the zone where buyers previously stepped in and the price has reversed from it. It serves as a demand zone or a strong support area. Liquidity Zone: Below the OB, liquidity was grabbed, suggesting that weak hands might have exited, and stronger players have entered. Resistance/Target: ₹1,141.75 This is the...
Entry Zone: The current price action shows a potential reversal after a change of character (CHOCH) around the ₹540-550 range. The price is approaching the break of structure (BOS) and could retest the zone before moving higher. Entry Point: A buy entry can be placed around the current consolidation zone near the ₹550 mark, or after a confirmed break above ₹560...
BOS (Break of Structure): A break of structure occurred in the uptrend, signalling a shift in market momentum around late April to early May. This indicates that the previous resistance was broken, which led to a strong bullish rally. CHOCH (Change of Character): After the bullish move, a change of character is marked, indicating a reversal from the uptrend into...
Swing Trading Setup Entry Point: If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251. Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA. Stop Loss: Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to...
Resistance: ₹15.44 (Swing high, potential target) Current Level: ₹10.90 (Current price approaching a key resistance zone) Fair Value Gap (FVG): ₹7.00 – ₹6.00 (Previously filled liquidity zone, potential support) Volume: Noticeable increase in volume, suggesting momentum. Setup: Entry: Watch for a breakout above ₹10.90 with strong volume confirmation for...
Break of Structure (BOS): A bullish breakout has occurred, signalling a potential change in trend. Trap for Retest: This indicates a possible bull trap, where retailers might have been caught. Institutional Buying Area: This region highlights a potential accumulation zone where institutional buyers may have entered, supporting the price. Projected Target: A...
This chart of Nagreeka Exports Ltd. highlights key areas for educational purposes: Break of Structure (BoS): The price has broken above a key resistance level, which is indicated by the yellow horizontal line. This suggests a potential shift from bearish to bullish sentiment. Displacement: A notable upward move is highlighted, showing strong momentum after the...
Break of Structure (BoS): A point where the price breaks above a resistance level, indicating a potential shift in market sentiment. Order Block (OB): A highlighted green zone, representing a significant area where large orders were likely placed, serving as a demand zone or potential support area. Resistance Levels: Two red dashed lines are drawn at ₹665.85 and...
Support and Resistance: The chart shows a long consolidation phase, highlighted by a black rectangle. This consolidation represents a trading range where the price was oscillating between approximately ₹120 and ₹180. Breakout: The price has recently broken out of this consolidation zone, moving above ₹180 and reaching a current level of ₹203.51. This...
The chart shows a few support and resistance levels. There is a key support level at 894 INR. The stock has shown a tendency to rebound off this level. The key resistance level is near 917.50. The stock has pulled back from the 61.8% Fibonacci retracement level and is currently trading near the 50% Fibonacci retracement level. This could be a good time to enter...