Selling can continue in INDHOTEL after closing below 678.5 Today selling intensity in INDHOTEL was very high so it can continue tomorrow,
Its already trading at support zone, if we see followup selling tomorrow then next support is far away from the current price and can give good profit if price test next support level.
Note: Its just an analysis, wait for the price to confirm.
Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Intradaylevels
Reversal Descending Triangle pattern in GODREJCPGODREJ CONSUMER PRODUCTS LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Descending Triangle Pattern.
📈 It can give movement upto the Reversal Final target of Above 1251+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1370+.
📈 Can Go Long in this stock by placing a stop loss Below 1150-.
Descending Triangle pattern breakout in UPLUPL LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Descending Triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 531+.
✅Can Go Long in this Stock by placing a stop loss below 452-.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level to 46050 level.also possible reversal downside 46950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/03/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can entend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level.Also possible reversal upside 47550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(26/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can extend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level.
#NIFTY Intraday Support and Resistance Levels -23/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22240 level and then possible upside rally up to 22360 level in today's session. in case nifty trades below 22200 level then the downside target can go up to the 22080 level.
#NIFTY Intraday Support and Resistance Levels -21/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22230 level and then possible upside rally up to 22350 level in today's session. in case nifty trades below 22180 level then the downside target can go up to the 22060 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(20/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46450 level then possible downside rally of 400-500 points upto 46050 Level & this rally can extend another 400 points if market gives breakdown 45950 level in todays session.Any Major upside only expected in case banknifty starts trading above 46550 level.
Uptrend Channel pattern breakout in TATACOMMTATA COMMUNICATION LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1810+.
✅Can Go Long in this stock by placing a stop loss below 1754-.
#NIFTY Intraday Support and Resistance Levels - 26/10/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19100 level and then possible downside rally up to 18980 in today's session. in case nifty trades above 19150 level then the upside target can go up to the 19270 level.
Ascending Triangle pattern breakout in TORNTPHARMTORRENT PHARMA LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1970+.
✅Can Go Long in this stock by placing a stop loss below 1885-.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/08/2023) Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43950 level then possible downside rally of 400-500 points upto 43550 Level. Any Major upside only expected in case banknifty starts trading above 44050 level. And this rally can extend for another 400 points if it gives breakout of 44550 level.
Nifty Trade Plan August 16Trade Plan – Probabilities and corresponding Plan!
Resistance / Supply zones - Marked in black
Support / Demand zones in green.
If the market opens flat –
1) It may again pick a supply at Friday’s high region and move down till Yesterday’s low region – demand 19350-19295. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action.
2) It may move beyond Friday’s high region and take a hit at the Trendline supply region 19510-19532. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action. One may look to go long only post a solid consolidation price action above Friday’s high zone.
3) It may directly move down to pick the demand at Yesterday’s low region, 19350-19295, and then consolidate or break yesterday’s low. One may look to sell this only post a consolidation price action at yesterday’s low region. One may look to buy the dip if there is a consolidation price action post the down move.
If the Market opens gap down –
1) Beyond yesterday’s low region, long unwinding may happen leading to a fall till 19235 - 19185 – next support zone. One may initiate shorts if aggressive if not wait for a small rise to short the market further. Or even wait for a reversal price action opportunity post-consolidation.
2) If the market opens between yesterday’s high and close with a decent gap down, will look to go long or short only based on consolidation price action post 10 AM. If the market consolidates and breaks yesterday’s low then one may initiate short. If the market consolidates and moves up, then can go long till yesterday’s high zone. Will ignore if yesterday’s low is broken immediately and wait for an opportunity as per 1.
If the Market opens a gap up –
1) One may initiate shorts based on setup confirmation as there are too many supply zones and ride till the demand zones are marked. One may go long only post a solid consolidation pattern at the Trendline region as there are too many supplies between 19462 – 19640.
Happy trading!
Recipe for a Successful Trader - Rules for Entry, Risk Management for Exit and SL, Discipline in all Aspects, Zero tolerance to Overtrading.
Triangle Pattern breakdown in OBEROIRLTYOBEROI REALTY LTD
Key highlights: 💡⚡
✅On1hr Time Frame Stock Showing Breakdown of Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1010-.
✅Can Go short in this stock by placing a stop loss above 1110+
Nifty50 Intraday Levels TradePlan Analysis Aug 08Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to uptrend.
Trade Plan:-
If the Market opens flat,
1) Would look for any rejection at the Trendline and initiate shorts till the demand levels such as today's day low, Friday's day low based on price action and setup confirmation.
2) Can also look for reversal trades at the demand zones marked post consolidation beyond 10:15 AM.
3) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
If the Market opens gap up,
1) Will look to short the market at the mentioned supply zones and run till the gap filling happens or till the Trendline support or the marked demand zones based on Technical setup confirmations.
2) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
3) Can go long once the gap filling is complete based on Technical setups.
If the Market opens gap down,
1) Will go short if today's or Friday's low is broken.
2) Will go long if gap is at demand levels marked with CONSOLIDATION and setup confirmation. Would look to run till Trendline/Gap resistances.
Happy trading! Please do comment for suggestions.
Please do check for Demand zones below 19200.
BankNifty Future Analysis for 7th August 2023BankNifty Future Analysis for 7th August 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
BankNifty Future Analysis for 3rd August 2023BankNifty Future Analysis for Today 3rd August 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels Tomorrow, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market or consult your #financial advisor before act.
Follow Us For More #Updates in Future
Rising wedge pattern breakout in BALKRISINDBALKRISHNA INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Rising wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2850+.
✅Can Go Long in this stock by placing a stop loss below 2420 -.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/07/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level. also possible Reversal Downside 45950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/07/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 45550 level then possible upside rally of 400-500 points upto 45950 Level. And this rally can extend for another 400 points if it gives breakout of 46050 level. Any Major downside only expected in case banknifty starts trading below 45450 level. also possible Reversal Downside 45950 level.
Bullish flag pattern Reversal in BANKNIFTYBANKNIFTY
Key highlights: 💡⚡
📈On 15 Minutes Time Frame Stock Showing Reversal of Bullish Flag Pattern .
📈 It can give movement upto the Reversal Final target of above 45955+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 46950+.
📈 Can Go short in this stock by placing a stop loss below 45610-.
Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Closed at 17813.60 (+ 0.25%)
Pivot Level : 17784.18
Support Level : 17740.62/ 17667.63
Resistance Level : 17857.17 / 17900.73
Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843.
Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792.
Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.