BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) ForecastThe stock chart for BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) reveals interesting patterns and potential trading strategies:
1. Symmetrical Triangle Pattern:
- The chart displays a symmetrical triangle formed by converging trend lines.
- This pattern suggests a continuation of the existing trend.
- Traders should wait for a breakout from this triangle before making any moves.
2. Trading Strategies:
- Long Position:
- Consider buying if the price moves above a certain level.
- Target price for a long position: 3900.
- Short Position:
- Sell short if the price falls below a specific level.
- Target price for a short position: 3500.
3. Current Price:
- BAJAJ AUTO LTD is currently trading at 8948.20.
Remember, this analysis is based on technical patterns, and actual market behavior may vary. Always use additional indicators and risk management techniques when trading stocks.
Nse
SWING IDEA - ANUPAM RASAYAN INDIAConsider a promising swing trade opportunity in Anupam Rasayan India , a leading specialty chemicals manufacturer.
Reasons are listed below :
Strong Support Zone at 800-850 : Anupam Rasayan India has a strong support zone established at 800-850, indicating significant buying interest and potential reversal points.
Hammer Candle on Weekly Timeframe : The presence of a hammer candlestick pattern on the weekly timeframe suggests potential bullish reversal and buying interest at lower levels.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candlestick pattern observed on the daily timeframe indicates strong buying momentum and potential upward movement.
Strong Volumes : The significant increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Anupam Rasayan India.
Target - 970 // 1080 // 1220
StopLoss - weekly close below 782
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
Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) ForecastThe chart provided is a daily candlestick chart for Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) on the National Stock Exchange (NSE). Here's a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From mid-2023 to mid-2024
Price Analysis:
- Current Price: ₹8,031.95
- Price Movement: The stock has experienced a gradual upward trend with periodic corrections.
- The price reached a peak near ₹10,000 in early 2024 and has since been consolidating in a symmetrical triangle pattern.
Technical Patterns and Indicators:
- Symmetrical Triangle: The stock is forming a symmetrical triangle pattern, characterized by converging trendlines.
- Upper Trendline Resistance: Formed by lower highs since early 2024.
- Lower Trendline Support: Formed by higher lows since mid-2023.
- This pattern often precedes a breakout in either direction.
Key Levels and Future Projections:
- Resistance Levels (Take Profit Targets):
- BUY TP1: ₹9,400.00
- BUY TP2: ₹10,400.00
- BUY TP3: ₹12,100.00
- Support Levels:
- Immediate Support: Around the lower trendline of the symmetrical triangle.
- Further Support: If the price breaks below the lower trendline, previous support levels around ₹7,600 to ₹7,800 could be tested.
Trade Setup:
- Bullish Scenario: If the price breaks above the upper trendline of the symmetrical triangle and sustains above this level, it could potentially move towards the identified resistance levels (TP1, TP2, and TP3). This would confirm a bullish breakout from the symmetrical triangle pattern.
- Bearish Scenario: If the price fails to break above the upper trendline and instead breaks below the lower trendline, it could indicate a potential downside move towards the next support levels.
Conclusion:
The chart for Bajaj Holdings & Investment Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant upward trend. Key levels to watch include the upper trendline resistance and the lower trendline support. A breakout above the upper trendline could signal a bullish move towards ₹9,400, ₹10,400, and ₹12,100. Conversely, a breakdown below the lower trendline could suggest potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.
Axis Bank (ticker: AXISBANK) ForecastThe chart provided is a daily candlestick chart for Axis Bank (ticker: AXISBANK) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From around September 2023 to mid-2024
Price Analysis:
- Current Price: ₹1,174.00
- Price Movement: The stock has shown notable price movements over the period.
- The price had a significant rally from around ₹900 in October 2023 to a high near ₹1,225 in early 2024.
- Post the high, the stock has been in a consolidation phase with a downward trend, forming lower highs and lows.
Technical Patterns and Indicators:
- Descending Channel: The stock price has been moving within a descending channel from the high in early 2024.
- Upper Trendline Resistance: Around ₹1,182
- Lower Trendline Support: Around ₹1,106
- Fibonacci Retracement Level: Applied from the recent swing high to low.
- 0.618 Level: ₹1,152.90
- 0.5 Level: ₹1,143.90
- 1 Level: ₹1,182.05
Key Levels and Future Projections:
- Resistance Levels:
- Immediate Resistance: ₹1,182.05, which aligns with the upper trendline of the descending channel and Fibonacci level.
- Major Resistance: ₹1,228.80, which is close to the previous high.
- Support Levels:
- Immediate Support: Around ₹1,143.90 to ₹1,152.90 (Fibonacci levels).
- Major Support: Around ₹1,106, aligning with the lower trendline of the descending channel.
Trade Setup:
- Bullish Scenario: If the price breaks above the immediate resistance at ₹1,182.05 and sustains above this level, it could potentially move towards the major resistance at ₹1,228.80.
- Bearish Scenario: If the price fails to break above the immediate resistance and moves below the Fibonacci support levels (₹1,143.90 - ₹1,152.90), it might test the lower trendline support around ₹1,106.
Conclusion:
The chart for Axis Bank shows the stock in a consolidation phase within a descending channel following a strong rally. Key levels to watch include the immediate resistance at ₹1,182.05 and the Fibonacci support levels. A breakout above ₹1,182.05 could signal a bullish move towards ₹1,228.80. Conversely, failure to break this resistance and a move below the Fibonacci support levels could indicate a bearish trend towards ₹1,106. Traders should look for a confirmed breakout in either direction to make trading decisions.
Apollo Tyres (ticker: APOLLOT)The chart provided is a daily candlestick chart for Apollo Tyres (ticker: APOLLOT) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From around October 2023 to mid-2024
Price Analysis:
- Current Price: ₹481.65
- Price Movement: The stock price has shown a significant upward trend followed by a period of consolidation.
- The price increased from around ₹300 in October 2023 to a high of approximately ₹560 in early 2024.
- Since reaching this high, the stock has been consolidating, forming lower highs and higher lows, indicative of a symmetrical triangle pattern.
Technical Patterns:
- Symmetrical Triangle: The chart displays a symmetrical triangle pattern, characterized by converging trendlines of lower highs and higher lows. This pattern suggests a period of consolidation before a potential breakout.
- Upper Trendline Resistance: Around ₹500
- Lower Trendline Support: Around ₹460
Trade Setup:
- Wait for Breakout: The chart suggests waiting for a "perfect breakout" from the symmetrical triangle pattern. This breakout will signal the next potential move in the stock price.
- Bullish Scenario: If the price breaks above the upper trendline resistance (around ₹500), it could indicate a continuation of the previous uptrend.
- Buy Target Price (TP): ₹555, which is slightly below the recent high of ₹556.35.
- Bearish Scenario: If the price breaks below the lower trendline support (around ₹460), it could signal a downward move.
- Sell Target Price (TP): ₹415, which is a previous support level.
Conclusion:
The chart for Apollo Tyres shows a symmetrical triangle pattern, indicating a period of consolidation following an uptrend. Traders should wait for a breakout from this pattern to determine the next move. A breakout above ₹500 would suggest a bullish trend with a target price of ₹555. Conversely, a breakdown below ₹460 would suggest a bearish trend with a target price of ₹415. The key action is to wait for a confirmed breakout in either direction before making a trading decision.
Apollo Hospitals (ticker: APOLLOH) ForecastThe chart provided is a weekly candlestick chart for Apollo Hospitals (ticker: APOLLOH) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Weekly
- Data Range: From around early 2022 to mid-2024
Price Analysis:
- Current Price: ₹5,914.35
- Price Movement: The stock price has experienced significant volatility over the depicted period.
- The price fell sharply from around ₹6,000 in early 2022 to below ₹4,000.
- It then gradually recovered, forming a steady upward trend reaching a high of around ₹7,000 in early 2024.
- Recently, the price has declined from the peak and is showing some consolidation around the ₹5,914 level.
Technical Patterns:
- Support and Resistance:
- Support: The area around ₹5,750 to ₹5,850 has acted as a support zone recently.
- Resistance: The price faced resistance around ₹6,000, as indicated by multiple touches and rejections at this level.
- Descending Triangle: A descending triangle pattern is visible from the recent high near ₹7,000. The price is consolidating within this triangle, characterized by lower highs and a relatively horizontal support line around ₹5,750-₹5,850.
Potential Future Movements:
- Bullish Scenario: If the price breaks above the descending triangle and crosses the resistance at ₹6,000, it could indicate a potential upward movement, possibly retesting previous highs around ₹7,000.
- Bearish Scenario: If the price breaks below the support zone of ₹5,750, it might lead to a further decline, with the next major support level potentially around ₹5,250 to ₹5,000.
Conclusion:
The chart shows that Apollo Hospitals' stock has been consolidating in a descending triangle pattern after a strong uptrend. Traders should watch for a breakout above the resistance at ₹6,000 for a bullish signal or a breakdown below the support at ₹5,750 for a bearish signal. The stock is currently at a critical juncture, and its next move will likely be significant in determining its short to mid-term trend.
Bata India Ltd. (BATAINDIA) Sell StrategyThe chart shows a weekly candlestick pattern for Bata India Ltd. (BATAINDIA) on the NSE, with the current price at INR 1355.95. The chart is exhibiting a downward trend and suggests a bearish outlook based on key technical indicators.
Key Observations:
1. Current Price and Trend:
- The current price is INR 1355.95, with a recent decline of 1.32%.
- The stock has been in a downtrend, as indicated by the descending trendline.
2. Support and Resistance Levels:
- Immediate resistance is around INR 1379.20.
- Support levels are marked at INR 1223.55 and a lower support level at INR 998.30.
3. Descending Trendline:
- The stock has been following a descending trendline from its peak, indicating continued bearish momentum.
- This trendline acts as a resistance level, preventing the stock from moving higher.
4. Trade Strategies:
- Bearish Scenario:
- The stock is currently below the descending trendline, suggesting further downside potential.
- If the price fails to break above the resistance at INR 1379.20, it may continue to decline towards the support levels at INR 1223.55 and potentially down to INR 998.30.
- Sideways Movement:
- The price may experience some consolidation between INR 1379.20 and INR 1223.55 before making a decisive move.
- Traders should watch for a breakout or breakdown from this range to determine the next direction.
Summary:
The weekly chart of Bata India Ltd. shows a clear downtrend, with the stock struggling to break above the descending trendline. Immediate resistance is at INR 1379.20, and the stock is likely to find support at INR 1223.55 and INR 998.30. Traders should be cautious and watch for a breakout above the trendline for any bullish indications, but the current outlook suggests a bearish trend with further downside potential if the price fails to hold above the immediate support levels.
BANK NIFTY INTRADAY LEVELS FOR 23 MAY 2024BUY ABOVE - 47990
SL - 47860
TARGETS - 48110,48250,48460
SELL BELOW - 47760
SL - 47860
TARGETS - 47580,47400,47200
NO TRADE ZONE - 47760 to 47990
Previous Day High - 48110
Previous Day Low - 47400
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 23/05/2024BUY ABOVE - 22640
SL - 22590
TARGETS - 22710,22780,22830
SELL BELOW - 22550
SL - 22590
TARGETS - 22500,22440,22350
NO TRADE ZONE - 22550 to 22640
Previous Day High - 22640
Previous Day Low - 22500
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 👍
ACC Ltd. (ACC) StrategyThe chart is a daily candlestick chart of ACC Ltd. (ACC) on the NSE, with the current price at INR 2,543.35. The chart shows a descending triangle pattern, highlighting a major support level and potential trade strategies based on key price levels.
Key Observations:
1. Current Price and Trend:
- The current price is INR 2,543.35, showing a slight increase of 0.61%.
- The price is near the upper boundary of the descending triangle pattern.
2. Support and Resistance Levels:
- Major support is at INR 2,361.65.
- Resistance is indicated around the INR 2,600 level and higher at INR 2,734.90 (target).
3. Descending Triangle Pattern:
- The chart shows a descending triangle pattern, suggesting potential for either a breakout or continued consolidation.
- The upper trendline acts as a dynamic resistance.
4. Trade Strategies:
- Buy Strategy:
- If the price breaks above INR 2,600, it signals a potential bullish breakout.
- Traders could buy at the breakout level of INR 2,600.
- Alternatively, traders can wait for a retracement and buy at INR 2,550 for better entry.
- The target for this buy strategy is INR 2,730.
- Sell Strategy:
- If the price fails to break out and moves downward, keeping an eye on the major support at INR 2,361.65 is crucial.
- A break below this major support could indicate further downside potential.
Summary:
The chart of ACC Ltd. indicates a descending triangle pattern, with the current price near the upper boundary. Major support is at INR 2,361.65, and resistance is around INR 2,600, with a target for a bullish breakout at INR 2,730. Traders are advised to watch for a breakout above INR 2,600 for a buy opportunity, with a potential entry at INR 2,550 on retracement. Conversely, a failure to break out and a move towards major support could suggest caution or potential downside risks.
Abbott India Ltd. (ABBOTIND) StrategyThe chart is a 4-hour candlestick chart of Abbott India Ltd. (ABBOTIND) on the NSE, with the current price at INR 26,196.20. The chart illustrates a symmetrical triangle pattern, highlighting key support and resistance levels and suggesting potential trade strategies based on price movements.
Key Observations:
1. Current Price and Trend:
- The current price is INR 26,196.20, reflecting an increase of 1.08%.
- The price is currently near the lower boundary of the symmetrical triangle.
2. Support and Resistance Levels:
- Immediate support is at INR 25,000.
- The next significant support level is at INR 23,591.
- Resistance levels include INR 26,700 and INR 27,100.
3. Symmetrical Triangle Pattern:
- The chart shows a symmetrical triangle pattern, indicating a potential breakout in either direction.
- Traders are watching for a breakout above the upper trendline or a breakdown below the lower trendline.
4. Trade Strategies:
- Buy Strategy:
- If the price breaks above INR 27,100, it signals a potential bullish breakout.
- Traders could buy at the breakout level or wait for a retracement and buy at INR 26,700.
- The target for this buy strategy is INR 28,700.
- Sell Strategy:
- If the price breaks below INR 25,000, it signals a potential bearish breakout.
- Traders could sell at the breakdown level or wait for a retracement and sell at INR 26,000.
- The target for this sell strategy is INR 23,600.
Summary:
The chart suggests a symmetrical triangle pattern for Abbott India Ltd., with the current price positioned near the lower boundary of the triangle. Key support is at INR 25,000, with further support at INR 23,591, while resistance levels are at INR 26,700 and INR 27,100. Traders are advised to watch for a breakout above INR 27,100 to initiate a buy with a target of INR 28,700 or a breakdown below INR 25,000 to initiate a sell with a target of INR 23,600. The decision to enter trades can also be based on waiting for retracement levels to ensure stronger confirmation of the breakout or breakdown.
Aarti Industries Ltd. (AARTIIND) Analysis The chart is a weekly candlestick chart of Aarti Industries Ltd. (AARTIIND) on the NSE, with the current price at INR 630.20. The chart includes several key support and resistance levels and highlights a recent price movement pattern.
BUY Zone : 580 - 610 INR
Key Observations:
1. Current Price and Trend:
- The current price is INR 630.20, showing a slight decline of 0.29%.
- The price has recently broken down from a rising channel, indicating potential bearish sentiment.
2. Support Levels:
- The nearest support levels are at INR 608.40 and INR 580.35.
- If the price continues to decline, these levels might act as potential points of price stabilization or reversal.
3. Resistance Levels:
- Several resistance levels are marked as targets:
- Target 1: INR 765
- Target 2: INR 800
- Target 3: INR 925
- Target 4: INR 1120
- These levels are potential future targets if the price reverses and begins to rise.
4. Price Channels and Patterns:
- The chart previously showed a rising channel from which the price has recently broken down.
- This breakdown from the channel suggests a potential trend reversal or a correction phase.
5. Historical Price Action
- The chart shows that the price experienced significant volatility over the past couple of years, with notable highs and lows.
- There was a marked downtrend until the recent rise within the channel, followed by the recent breakdown.
Summary:
The chart indicates that Aarti Industries Ltd. is currently in a bearish phase after breaking down from a rising channel. Immediate support levels to watch are INR 608.40 and INR 580.35, while resistance levels or future targets are set at INR 765, INR 800, INR 925, and INR 1120. The recent price action suggests caution for traders, as the breakdown from the channel may lead to further declines or a consolidation phase before any potential upward movement.
BANK NIFTY INTRADAY LEVELS FOR 22/05/2024BUY ABOVE - 48250
SL - 48110
TARGETS - 48460,48660,48800
SELL BELOW - 47990
SL - 48110
TARGETS - 47860,47730,47570
NO TRADE ZONE - 47990 to 48100
Previous Day High - 48250
Previous Day Low - 47990
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 22/05/2024BUY ABOVE - 22550
SL - 22500
TARGETS - 22590,22640,22710
SELL BELOW - 22500
SL - 22550
TARGETS - 22440,22350,22300
NO TRADE ZONE - 22500 to 22550
Previous Day High - 22590
Previous Day Low - 22440
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 👍
BDL / Bharat Dynamics 35%+ in 1 week! Crazy ReturnsEverybody loves momentum.
Why not?
Momentum is the best friend of every trader. I always wanted to find and catch the beginning of a confirmed trend. It's unbelievable it is happening in real life.
Education and skills acquisition is the key to continued growth in any field. This especially holds true in the highly risky terrain called Trading.
A lot of stocks are in superb momentum and I am ready to catch them.
God bless you and happy trading.
KARURVYSYA 87%+ Gain in 1 YearKARURVYSYA has been in my bag from a year now.
Never thought this would touch 80%++ in gains.
I had sold 50% of it at 150 price level and held the remaining. I sold 25% of the remaining this morning and keeping the remaining 25% for some more gain, especially for the week after the election results.
We are for sure going to see some crazy spikes / volatility.
Anybody holding KARURVYSYA? Share your story in the comments.
God bless you and happy trading.
BHEL 13%+ Gain in 7 trading days!Hello traders,
How are you guys doing?
Iam bring you one of my recent successful equity trade I took - BHEL
The price on the 15 min time frame successfully closed above the astra line which gave me the confirmed entry for this trade.
The election results are round the corner and the overall market sentiment looks bullish, Iam selling 50% of BHEL on the TP 4 as shown in the chart and hold the remaining till the price crosses under the Astra dotted line.
Overall a nice trade. Good luck and happy trading.
BANK NIFTY INTRADAY LEVELS FOR 21 MAY 2024BUY ABOVE - 48200
SL - 48020
TARGETS - 48460,48660,48800
SELL BELOW - 48020
SL - 48200
TARGETS - 47860,47860,47570
NO TRADE ZONE - 48020 to 48200
Previous Day High - 48200
Previous Day Low - 47730
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 👍
MUTHOOTFIN ON WEEKLY RESISTANCEMUTHOOTFIN has reached a crucial resistance level on the chart. The price has respected this highlighted zone, and we should watch closely for a valid reversal or breakout confirmation. Given that the previous run encountered significant selling pressure at this point, careful attention to price action on lower timeframes is necessary for confirmation. A breakout above the resistance will invalidate the bearish outlook.
BANK NIFTY INTRADAY LEVELS FOR 17 MAY 2024BUY ABOVE - 48050
SL - 47860
TARGETS - 48220,48460,48660
SELL BELOW - 47860
SL - 48050
TARGETS - 47730,47570,47400
NO TRADE ZONE - 47860 to 48050
Previous Day High - 48050
Previous Day Low - 47400
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 👍