NIFTY INTRADAY LEVELS FOR 22/07/2024BUY ABOVE - 24590
SL - 24530
TARGETS - 24660,24730,24780
SELL BELOW - 24490
SL - 24530
TARGETS - 24440,24400,24350
NO TRADE ZONE - 24490 to 24590
Previous Day High - 24830
Previous Day Low - 24490
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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Niftyprediction
Nifty and Bank Nifty analysis for Monday, 22nd JulyNifty prediction for tomorrow, Monday, 22nd July
Bank Nifty Prediction for tomorrow, Monday, 22nd July
Nifty analysis for tomorrow, Monday, 22nd July
Bank Nifty analysis for for tomorrow, Monday, 22nd July
#nifty #niftyprediction #niftyanalysis #banknifty #bankniftyprediction #bankniftytomorrow
HINDUSTAN UNILEVER : Updated Price ActionHere are some pointers to keep in mind:
- One year-long consolidation.
- Clearly defined support and resistance.
- 6 Week consolidation at the resistance zone makes the resistance weak
- Recent breakout was prevented with a long upper wick. A.K.A Sellers present.
- Margin of Safety is a mere 6% ( CMP vs ATH)
- There is no clear winner yet as the signals are mixed.
- A break of the consolidation range may lead to zone-to-zone momentum
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Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
#Nifty50, S&P500 analysis for upcoming week 22-26th July 2024#Nifty50 ended the week flat, hovering within the predicted 25000-23950 range. Buckle up, because next week's Union Budget on July 23rd promises high volatility. Expect a wider trading range of 25250-23800. A breakout from these levels could ignite significant price movement.
Remember my July 6th blog post? It highlighted Nifty's historical correction trend around late July/early August. This year could be no different, offering a potential discount window for savvy investors to enter their favorite stocks at attractive prices. Stay prepared!
Meanwhile, the #S&P500 failed to breach a crucial resistance level (5638) and dipped 3% from its high. If it breaks below this week's low (5509), support levels at 5430/5368/5293 could be tested. A decline in the S&P 500 could also exert pressure on the Indian market.
Force Motors under the garb of descending triangle nowThis chart shows a technical analysis of the stock price for Force Motors. The pattern displayed is a descending triangle, which is typically considered a bearish pattern. Here are the key features and interpretations:
Descending Triangle Pattern :
# Resistance Line (White Line): This is the downward sloping trendline connecting the lower highs. It indicates that the stock has been consistently making lower highs, suggesting a downward trend.
# Support Line (Green Line): This is the horizontal line connecting the lows, showing that the stock price has found a support level where buyers come in to prevent the price from falling further.
Price Movement :
The stock price is moving between these two lines, bouncing off the support and resistance levels.
As the price continues to test the support level (green line) without breaking through, it signifies strong support at this price point. However, the descending resistance line indicates sellers are consistently pushing the price lower at each rally.
Potential Breakout :
If the price breaks below the support level (green line) with significant volume, it could indicate a bearish breakout, leading to a further decline in price.
Conversely, if the price breaks above the descending resistance line (white line), it could suggest a bullish reversal, with the potential for an upward movement.
Volume Analysis :
Typically, volume plays a crucial role in confirming the breakout. An increase in volume on a breakout below the support line would confirm the bearish trend, while an increase in volume on a breakout above the resistance line would confirm a bullish trend.
In summary, this chart suggests that Force Motors is currently in a descending triangle pattern, which is a bearish signal. Traders and investors should watch for a breakout from this pattern to determine the next potential move of the stock.
Major levels to consider:
Support - 7850
Stoploss - 7450
NOTE : Please consult your financial advisor before taking any trade/decision in Force Motors
NIFTY INTRADAY LEVELS FOR 19 JULY 2024BUY ABOVE - 24830
SL - 24780
TARGETS - 24900,24960,25030
SELL BELOW - 24730
SL - 24780
TARGETS - 24660,24580,24530
NO TRADE ZONE - 24730 to 24830
Previous Day High - 24830
Previous Day Low - 24530
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty analysis and trade plan for tomorrow, Friday, 19th JulyIn daily time frame Nifty is in an uptrend, and may expect a continuation in the same trend, and we may enter into bullish trade after Nifty crossing 24840 level. 24910, 24017 and 25159 will be the resistance levels. Reversal is possible form 25017 and 25159 level, and may plan for bearish trades at those levels, with a price action only.
Will go for bearish trade only below 24672 level, with initial target at 24578, 24508 and 24416 level. Reversal is possible from 24578 and 24508 levels, with price action in 5 minute time frame, may plan for bullish trade.
*This analysis is most effective up to 12:30/1 PM tomorrow*
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
TATA STEEL: SYMMETRIC TRIANGLE- The chart is pretty self-explanatory
- The price tests a 2 year old resistance trendline
- The formation is one beautiful symmetric triangle that can have either outcome
- The consolidation has been solid so far. This means The momentum may be really good.
- The PE ratio is stagnant with the price
- Do check out our take on JSW Steel in the suggested ideas below.
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Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NIFTY INTRADAY ANALYSIS FOR 18 JULY 2024BUY ABOVE - 24660
SL - 24580
TARGETS - 24730,24800,24860
SELL BELOW - 24580
SL - 24660
TARGETS - 24530,24490,24440
NO TRADE ZONE - 24580 to 24660
Previous Day High - 24660
Previous Day Low - 24580
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
19 July NiftyAs per today's market sentiment the next trading sessions may be open flat to bearish so according to today's market we would plan according to open.
According to this chart in green territory we will go for long from bottom top and in red territory we will go for short from talk to bottom.
NIFTY - Correction ahead of BudgetAt this juncture, nifty is expected to correct to the mentioned levels & to continue its rally towards 25,000 ~ 25,400 levels before any monthly correction can happen. The correction will be progressing through various barriers of supports(FIBONACCI & T.lines).
SI - 24,162
SII - 24,010
SIII - 23,881 ~ 23,855 levels (V.imp support coincidence of .5% & mid T.line)
The strategy is to take short today after testing the previous High @ 24,401 (the move might start today or 2 days later, Tentative)
Trade Accordingly
All roads lead to Rome Every timeframe in Nifty is for the time being pointing North. But this time with a lot more caution. 24500, 24550 and even 24600 PUTs were added aggressively today. This is the area where we should exercise caution. A covering from the 24600 writers could turn the heat on the writers at the lower strikes.
Trade plan would be to wait for a deep retracement to buy calls and ride back till ATH.
NIFTY INTRADAY ANALYSIS FOR 16/07/2024BUY ABOVE - 24630
SL - 24580
TARGETS - 24700,24760,24830
SELL BELOW - 24530
SL - 24580
TARGETS - 24490,24440,24400
NO TRADE ZONE - 24530 to 24630
Previous Day High - 24630
Previous Day Low - 24530
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY ANALYSIS FOR 15 JULY 2024BUY ABOVE - 24580
SL - 24490
TARGETS - 24650,24720,24800
SELL BELOW - 24490
SL - 24580
TARGETS - 24440,24400,24350
NO TRADE ZONE - 24490 to 24580
Previous Day High - 24580
Previous Day Low - 24350
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
25000 OR 24000?Nifty seems to have broken new grounds and that gives it a reason to not fall. Now all it needs is a reason to fly and that could be the budget. Heading into the budget week, immediate target will be ATH, that seems an easy one and the next 25000. If for any reason, of which I am unaware of at present, the index comes back into the lower range, 24000 will be out cushion.
NIFTY INTRADAY LEVELS FOR 12/07/2024BUY ABOVE - 24350
SL - 24300
TARGETS - 24400,24450,24500
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24350
Previous Day High - 24400
Previous Day Low - 24230
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 11/07/2024BUY ABOVE - 24350
SL - 24300
TARGETS - 24440,24500,24570
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24350
Previous Day High - 24440
Previous Day Low - 24160
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty_Intraday (11-Jul-2024)The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details:
Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted.
Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps in determining the trend and potential support or resistance areas.
Trading Signals:
-Buy Signal: There's a green arrow pointing upwards with the annotation "Buy Above 24375 Tgt Open for 24500+". This indicates a potential bullish breakout strategy where buying is recommended above 24,375 with an open target extending towards 24,500 or beyond.
-Sell Signal: A red arrow points downwards with the annotation "Sell Below 24250 Tgt 24000-". This suggests a bearish strategy recommending selling below 24,250 aiming for a target around 24,000.