NS 60 %+NS looks interesting for 60-100 %move
Supertrend turned green on daily
DAily candle looks very good and strongly
Nse
UNION BANK 1D TFNSE:UNIONBANK has formed a resistance zone with multiple touch points. If the stock breaks out the stock could traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
PNB 1D TFIn the previous post we saw that NSE:PNB has been for a resistance zone, now the zone has been broken out and the stock is running in profit.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
MOTHERSON 1D TFNSE:MOTHERSON has formed a inverted flag and pole pattern. Once it breaks out with good volume and strong candle the stock could be traded.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
JIOFIN 1D TFAs discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
SWING IDEA - RATNAMANI MET AND TUBRatnamani Metals & Tubes, a leading manufacturer of stainless steel and carbon steel welded pipes and tubes, is showing a potential swing trade setup with several bullish technical signals.
Reasons are listed below :
3800 Zone Break Out : The 3800 level has acted as a strong resistance zone. The price is now breaking through this level, signaling the possibility of a continued upward move.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle indicates strong buying interest, suggesting momentum may continue.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, indicating overall bullish strength and long-term trend support.
Intact Trend : The broader trend remains intact, indicating that the current momentum is in line with the stock’s longer-term trajectory.
Gradual Increase in Volumes : A steady rise in volumes adds confirmation to the breakout, showing strong market participation in this move.
Target - 4270 // 4800
Stoploss - daily close below 3400
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors:
Reasons are listed below :
2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside.
Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend.
Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum.
Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment.
Target - 2390 // 2600
Stoploss - daily close below 2060
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
JSW STEEL 1D TFNSE:JSWSTEEL has formed a triangular pattern and is breaking it now. The stock can be traded if there is strong volume and a bullish candle and a Risk reward ratio of 1:1.5 can be made from this trade.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
ICICIBANK 1D TFNSE:ICICIBANK has formed and is moving inside a triangular pattern. This can be traded on breakout
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BANKBARODA 1D TFIn the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
nifty | 3rd Dec'202415m: Watch for a buy-side liquidity sweep, then await bearish confirmation to short.
Note: The overall 15m trend is bullish, but price is at a strong resistance and supply zone. If above case fails, expect an aggressive sell-side liquidity grab followed by a bullish move.
Banknifty | 3rd Dec'20243m: Price at strong resistance; wait for bearish confirmation after a nearby buy-side liquidity sweep to short.
15m: If 3m shows no bearish confirmation, watch for a buy-side liquidity sweep on 15m, then await bearish confirmation to short.
*Remember overall 15m trend is bearish!
Banknifty Forecast for 2nd Dec'2024The trend is bearish and may follow one of these scenarios:
1. Likely to grab all buy-side liquidity before continuing bearish.
2. Likely to grab available retail liquidity before continuing bearish.
3. Likely to drop aggressively bearish, then reverse bullish to grab buy-side liquidity.
PNB 1D TFNSE:PNB has formed a small resistance zone in 1D TF. The chart though is in downtrend has formed a resistance zone which can be used in near future. This stock can be traded with multiple confirmations.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
nifty forecast for 2nd Dec'2024Market may grab sell-side liquidity, create an inducement, target buy-side liquidity, and then turn bearish.
SWING IDEA - APTUS VALUE HOUSING Aptus Value Housing Finance , a leading home loan provider focusing on affordable housing, is showing promising signs for a swing trading opportunity.
Reasons are listed below :
370-390 Zone Breakout : This level has been tested multiple times, and the stock is now attempting to break out, indicating potential for further upward movement.
Breaking Consolidation Zone of 3+ Years : The price is emerging from a prolonged consolidation phase, which could lead to a new bullish trend.
Higher Highs and Higher Lows : The trend remains intact with consistent upward movements, suggesting continued strength.
Trading Above Weekly 50 and 100 EMA : The stock is trading above these key moving averages, reinforcing the bullish outlook.
New All-Time High : The stock has made a new all-time high, reflecting strong market sentiment.
Volume Spike : A noticeable increase in trading volume indicates increased buying interest.
Target - 450 // 510
Stoploss - weekly close below 335
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
UPL Ltd. (NSE: UPL) AnalysisOverview: UPL Ltd. is currently trading at ₹545.50, showing signs of consolidation near its short-term moving averages. The price is poised at a critical level with a potential for either a breakout or a breakdown, depending on market dynamics and volume activity.
Technical Insights:
1.Support and Resistance Levels:
Immediate Support: ₹528 (marked by recent lows and a strong demand zone).
Key Resistance: ₹549.50 (current level) and ₹584.05 (previous swing high and significant supply zone).
2.Volume Profile:
The visible range volume profile indicates a concentration of volume between ₹540-₹550, suggesting this zone as a pivot for future price action.
A breakout above ₹549.50 could attract higher volumes, pushing the stock towards ₹584.
3.Moving Averages:
The stock is near its 20-day and 50-day EMAs, indicating a neutral short-term trend.
A clear break above the 200-day EMA would signal a shift in momentum towards the bulls.
4.RSI (Relative Strength Index):
RSI is hovering around 50, indicating a lack of strong momentum. A breakout above resistance could drive RSI towards overbought territory, confirming bullishness.
Scenarios:
Bullish Case: A breakout above ₹549.50 with high volumes could see the stock targeting ₹584.05 in the short term. Sustained momentum may lead to further upside towards ₹600.
Bearish Case: Failure to sustain above ₹549.50 might result in a pullback to ₹528. A breakdown below ₹528 could open doors for lower levels, around ₹510.
Trading Plan:
Entry:
Bullish: Above ₹550 for targets of ₹584 and ₹600.
Bearish: Below ₹528 for targets of ₹510.
Stop-Loss:
Bullish: ₹535.
Bearish: ₹540.
Final Thoughts: UPL Ltd. is at a crucial level with a well-defined risk-reward setup. Traders should wait for confirmation of direction with strong volume support before taking positions. Monitor global agrochemical sector trends and news for potential catalysts.
Zydus Lifesciences (NSE:ZYDUSLIFE)Overview: Zydus Lifesciences is currently at an interesting juncture, with signs of a potential reversal from recent lows. The price action suggests a possible recovery towards higher resistance levels, supported by technical indicators and market sentiment. Nomura's revised price target of ₹1,030, while maintaining a Neutral rating, aligns with this view.
Key Levels to Watch:
Current Price: ₹966.65
Immediate Support (SL): ₹902.55
Key Resistance Zones: ₹1,008.35, ₹1,041.45, and ₹1,102.15
Technical Analysis:
Volume Profile: The visible range volume profile shows significant accumulation near ₹1,000, which could act as a strong magnet for the price.
Moving Averages: The stock has started reclaiming its short-term moving averages. A breakout above the 200-day MA would confirm bullish momentum.
RSI (Relative Strength Index): The RSI is trending upwards, indicating improving bullish momentum. Divergence suggests a potential reversal.
Price Action: The formation of higher lows near ₹949 reinforces the possibility of a short-term recovery.
Trading Strategy:
Entry Zone: Between ₹950 and ₹970, as the stock shows stability near support levels.
Stop-Loss: Strict stop-loss at ₹902.55 to limit downside risk.
Targets:
Target 1: ₹1,008.35
Target 2: ₹1,041.45
Extended Target: ₹1,102.15
Risk Management:
Position size will depend on risk tolerance, ensuring a Risk-Reward ratio of at least 1:2.
Avoid chasing the price above ₹970 if momentum wanes.
Final Thoughts: Zydus Lifesciences presents a favorable risk-reward scenario with clear technical signals for a rebound. However, macroeconomic factors and sector performance will play a critical role in sustaining the move. Traders should monitor price action near the resistance zones closely for signs of continuation or rejection.
banknifty forecast | 29th Nov'2024Price is at a strong support zone, likely to turn bullish to grab buy-side liquidity, then may turn bearish or consolidate. Enter only after confirmation.
Tilaknagar Industries upside potential 40%in this falling market Tilaknagar Industries showing bulish momentom now it can gives 30 - 40% upside potential.
Banknifty | 28th Nov'2024 Forecast | NSEMany retail traders have buy orders (buy-side liquidity) that big players (institutions) can take.
First, they grab all the buy-side liquidity.
Next, they target sell-side liquidity by creating false breakouts.
Then, they push the price down to a strong support or demand zone (bearish move).
After that, they reverse the price up (bullish move) and take any remaining buy-side liquidity.
DM to learn more about liquidity and how big players think in the market!
Alkem Laboratories Ltd. (NSE: ALKEM)Technical Analysis and Key Levels
1.Current Price Action:
Alkem Laboratories is trading at ₹5,484.40, testing a critical support zone (₹5,300–₹5,450) identified by historical price action and volume profile.
2.Resistance and Support Levels:
Immediate Resistance: ₹5,811.55 (previous swing high).
Key Resistance Zone: ₹6,000–₹6,346.55. A breakout above ₹6,346.55 can lead to fresh bullish momentum.
Immediate Support: ₹5,323.60 (near-term support).
Critical Support: ₹4,629.85, a major demand zone. Failure to hold this level could trigger further downside.
3.Volume Profile:
High-Volume Node (HVN): Significant buying interest is observed around ₹5,450–₹5,800.
Low-Volume Node (LVN): Below ₹5,300, liquidity decreases, increasing the risk of a sharp drop toward ₹4,629.85.
4.Moving Averages:
The stock is currently hovering around the 50-day moving average, indicating short-term indecision.
The 200-day moving average at ₹5,323.60 acts as crucial support for long-term trend analysis.
5.RSI Indicator:
The RSI is neutral but leaning towards the oversold region, suggesting potential accumulation in this zone. A break below ₹5,323 could push RSI into bearish territory.
6.Key Observations:
Nomura's Price Target Update: Nomura revised the price target to ₹6,097 (Neutral stance), close to the immediate resistance levels, which aligns with market consolidation.
7.Potential Scenarios:
Bullish Case: Sustaining above ₹5,484.40 and breaking ₹5,811.55 may open doors for ₹6,346.55.
Bearish Case: A decisive break below ₹5,323.60 could lead to ₹4,629.85.
8.Trading Strategy:
For Bulls: Look for confirmation above ₹5,811.55 with increased volumes before entering long positions.
For Bears: Short opportunities arise if the stock breaks and sustains below ₹5,323.60 with a target near ₹4,629.85.
