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Niftytrend

Nifty Intraday (09-Jul-2024)Description: Explore intraday trading analysis for Nifty 50. We've identified critical buy and sell levels based on the latest candlestick patterns and EMA trends. Buy Signal: Consider a long position if Nifty 50 rises above 24,350, with an open target of 24,450+. This move suggests bullish momentum could extend further, offering a potential profit opportunity. Sell Signal: A short position is advisable if the index drops below 24,265, targeting 24,150-. This setup is based on recent resistance and the potential for downward continuation. Chart Details: -Time Frame: 15 minutes -Indicator: 20-period Exponential Moving Average (EMA) Trading Strategy: The strategy utilizes precise entry and exit points to capitalize on short-term price movements. Risk management through stop-loss orders at strategic levels is recommended to minimize potential losses.
NSE:NIFTY
by Praveenmor7
NIFTY INTRADAY LEVELS FOR 08 JULY 2024BUY ABOVE - 24350 SL - 24300 TARGETS - 24400,24480,24550 SELL BELOW - 24300 SL - 24350 TARGETS - 24230,24160,24060 NO TRADE ZONE - 24300 to 24350 Previous Day High - 24350 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 5TH JULY 2024BUY ABOVE - 24400 SL - 24350 TARGETS - 24480,24550,24630 SELL BELOW - 24300 SL - 24350 TARGETS - 24230,24160,24060 NO TRADE ZONE - 24300 to 24400 Previous Day High - 24400 Previous Day Low - 24300 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 👍
NSE:NIFTY
by Jagadheesh_JP
1
Nifty made a high near our predicted top yesterday.As predicted the current top seems to be around 24408. Nifty reached round about there, made a high of 24401 and closed at 24302 which is 98.85 points down. The resistnace remains the same and supports remain the same. In fact there is a very weak additional support now at 24396 followed by 24236. Other supports for Nifty remain in the range between 24144 and 24088 (Mother Line 50 hours EMA). Below 24088 Nifty will be weak and only major support remaining will be between 23983 and 23807 before Nifty hits 23477 (Which is 200 Hours EMA). Below 23477 Bears will gain more ground and solid momentum.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday (05-Jul-2024)The image is a chart displaying the 15-minute price movements of the Nifty 50 Index for July 3rd and 4th, 2024. It includes technical analysis with marked buy and sell signals: -Buy Signal: A suggestion to buy above 24,350 with a target open for 24,450 or more. -Sell Signal: A recommendation to sell below 24,275 with a target of 24,125 or lower. The chart also shows the 20-period Exponential Moving Average (EMA), which helps traders gauge the trend direction and potential support or resistance levels.
NSE:NIFTY
by Praveenmor7
One more hurdle crossed, Very little room left at the top. One more major hurdle crossed by Nifty and very little room left at the top. Unless there is a channel top breakout. The final resistance remaining before we have a channel top break out is 24408. Today the hurdle of 24236 was closed by a gap up opening the same level was tested as well so now it will act as a support. Other supports for Nifty remain in the range between 24054 and 24010 (Mother Line 50 hours EMA). Below 24010 Nifty will be weak and only major support remaining will be 23807 before Nifty hits 23416 (Which is 200 Hours EMA). Below 23416 Bears will gain more ground and solid momentum.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY ANALYSIS FOR 4TH JULY 2024BUY ABOVE - 24300 SL - 24230 TARGETS - 24380,24450,24520 SELL BELOW - 24230 SL - 24300 TARGETS - 24160,24060,23990 NO TRADE ZONE - 24230 to 24300 Previous Day High - 24300 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Intraday (03-Jul-2024)15-minute intraday chart for the Nifty 50 index from a trading view. It includes data and trading strategies for July 4th, 2024. The chart displays price movements with a plotted Exponential Moving Average (EMA). There are strategic points marked for buying and selling: Buy Signal: The chart suggests buying if the index moves above 24,325 points with a target open for reaching above 24,450 points. Sell Signal: The chart suggests selling if the index falls below 24,225 points, with a target of reaching around 24,100 points.
NSE:NIFTY
by Praveenmor7
HDFC BREAKOUT Hi guys, Its me Guruzzz HDFC Breakout A "breakout" in the context of stock trading typically refers to a situation where the price of a stock moves above a resistance level or below a support level with increased volume. For HDFC (Housing Development Finance Corporation), a breakout could signify a significant upward or downward movement in the stock price, suggesting potential buying or selling opportunities for traders. Indicators of a Positive Breakout: Price Movement: If HDFC’s stock price breaks above a key resistance level, it indicates a bullish trend. Volume: Increased trading volume during the breakout confirms the strength of the movement. Technical Indicators: Positive signals from technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) can support the breakout. Positive Words About HDFC Strong Financial Performance: Consistent Growth: HDFC has demonstrated consistent growth in revenue and profitability over the years, reflecting its robust business model and strategic vision. Solid Asset Quality: The company's focus on maintaining a high-quality loan portfolio has ensured minimal non-performing assets (NPAs), contributing to financial stability. Market Leadership: Industry Leader: HDFC is a market leader in the housing finance sector in India, with a strong presence and extensive reach across the country. Reputation and Trust: The brand is synonymous with trust and reliability, having established a strong reputation among customers and stakeholders. Innovation and Adaptability: Technological Innovation: HDFC has been at the forefront of adopting technology to enhance customer experience, streamline operations, and improve efficiency. Product Diversification: The company offers a wide range of financial products and services, catering to various customer needs and preferences. Strong Management Team: Experienced Leadership: HDFC's leadership team comprises experienced professionals with a deep understanding of the financial industry, driving the company's strategic initiatives. Visionary Strategies: The management's forward-thinking strategies have enabled HDFC to navigate market challenges and capitalize on growth opportunities. Corporate Governance and Social Responsibility: Robust Governance: HDFC adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices. Social Impact: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare. Conclusion HDFC's breakout indicates potential positive momentum in its stock price, driven by strong financial performance, market leadership, innovation, experienced management, and commitment to corporate governance and social responsibility. These attributes make HDFC a reputable and reliable company in the financial sector. 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.
NSE:HDFCBANKLong
by Guruzzz
NIFTY INTRADAY LEVELS FOR 3rd JULY 2024BUY ABOVE - 24160 SL - 24060 TARGETS - 24240,24330,24450 SELL BELOW - 24060 SL - 24160 TARGETS - 23990,23900,23800 NO TRADE ZONE - 24060 to 24160 Previous Day High - 24240 Previous Day Low - 24060 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty almost flat in but moving in a tight range. Nifty is moving in a tight range. On higher levels there is Profit booking as it falls there is buying. Perfect Bull bear tussel at play. during the tussel Nifty has found a new support of today's low at 24054. Also extended it's resistance to 24236. If we get a closing above 24236 the Channel top currently looks near 24350 to 24408 range. There is a possibility of Channel top resistance as well as channel breakout. If there is a break out we will give new targets then but supports for now are 24054, 24986, 23925 (Mother Line Support) 50 hours EMA and 23807. Resistance being at 24180, 24236 and 24408.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY - Trend ContinuationAs it happens there seems to be some strength left in the bullish cycle. This is based on the fact that the trendlines that were resisting till now can't hold it anymore & need much stronger resistance which is where the market is headed (to 24,300 levels) All of this analysis is attributed to the development of interim weekly correction that collapsed the overall wave analysis done earlier (it calls for an additional 3 waves --> UP-DOWN & UP) Strategy: Long only if the market stays above 23,680 with a limited position only SL: 23,620
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 2ND JULY 2024BUY ABOVE - 24160 SL - 24100 TARGETS - 24280,24380,24480 SELL BELOW - 24010 SL - 24100 TARGETS - 23900,23800,23740 NO TRADE ZONE - 24010 to 24160 Previous Day High - 24160 Previous Day Low - 24010 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 👍
NSE:NIFTY
by Jagadheesh_JP
Today's high will be an important resistance. Today's high of 24164 will be an important resistance. Closing above 24164 can open the door for 24322. 24322 is a very important channel top and trend top resistance. As there is very less room left towards the top and Nifty is delicately placed on the trend line. There are 2 things that can happen when and if the Nifty reaches channel top. There can be channel top breakout or there can be channel top resistance can come into effect and there can be consolidation and correction. If there is a correction or consolidation the support levels for Nifty will be 23982, 23859 Important 50 hours EMA (Mother Lines support). If nifty closes below 50 EMA there will be weakness. This weakness can drag Nifty further down to 23679, 23297 or even 23173.(Mid channel Support).
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday (02-Jul-2024)An intraday trading chart for the Nifty 50 Index on July 2, 2024, captured in 15-minute intervals. Here's a detailed overview of the chart: Candlestick Format: Utilizes candlestick bars to depict price action for each 15-minute period, indicating open, high, low, and close prices. Exponential Moving Average (EMA): A blue line representing the 20-period EMA is visible, which helps traders identify the trend's direction and dynamic levels of support or resistance. Trading Signals: -Buy Signal: A green arrow points upwards, suggesting to buy if the Nifty exceeds 24,150, with an open target potentially reaching or surpassing 24,275. -Sell Signal: A red arrow pointing downwards indicates a selling opportunity if the index falls below 24,075, with a target of 22,950. Technical Analysis Overview: The chart illustrates the Nifty's price movements within a sideways to an upward trend, using the EMA line as a reference point for potential support or resistance levels. The annotations provide strategic entry and exit points based on specific price thresholds.
NSE:NIFTY
by Praveenmor7
Nifty Higher Highs! Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on the lifetime chart of Nifty. Interestingly, Fibonacci levels have acted as major #Resistances. We have see big corrections only at these levels. We had expected Nifty to spend some more time at 2.6 Fib levels or 18000. But, Nifty has surpassed this 2.6 Fib Level and now heading towards 3.6 Level or ~24250. Before that I do not foresee any major correction! Note how Quarterly 50 EMA as been the lifeline or rock solid #support, even in time of distress. On the right, is the post-covid rise of Nifty on Monthly time-frame. I have plotted EMAs and MACD. Very beautifully price has mostly been above monthly 5 EMA to continue its upwards journey. Monthly 13 EMA and 26 EMA have acted like good support, ideal for swing entries. Currently price has broken out of the 2023 #Flag&Pole pattern. Zooming towards the next Target ~24250. Here I would like to draw your attention on #MACD. The rise after the covid-fall had given us positive crossover. And it is only now that we are getting a positive crossover which has now sustained with the flag breakout and aiming upwards. Isn't it a great confirmation. It is buy on dips all the way, provided you get those dips now ;-) Note: Current Monthly candle is still a running candle. It can even close at lower levels or turn negative. So is the case with the Quarterly candle. But this will not change our view. Our view will still be bullish towards our next target ~24250, just that the momentum might get slow and that we might take more time to reach our target.
NSE:NIFTYLong
by TradeRight_by_VP
2