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BEL : Key Support & Resistance Levels at Current Price of 286.90NSE:BEL : Key Support & Resistance Levels at Current Price of 286.90 As NSE:BEL trades around 286.90, it shows signs of weakness, and it's essential to focus on the following support and resistance levels for potential trading strategies: Resistance Levels: Immediate Resistance: 295 – This level may act as a barrier for upward movement. Psychological Resistance: 300 – A significant psychological level that traders watch; a breakout above this could attract more buying interest. Key Resistance: 307 – A crucial level for confirming bullish momentum; a strong close above here may indicate a sustained upward trend. Support Levels: Crucial Support: 285 – This key level may provide buying interest. A break below this could lead to further downside. Stronger Support: 275 – Acts as backup support, offering a safety net for traders. Lower Support: 267 – If tested, it would indicate significant selling pressure, warranting close attention. Outlook: BEL appears to be weak at the moment. Holding below the 285 support could lead to further declines, potentially testing 275 and 267. A bounce back above 285 may provide a chance for a retest of 295, but caution is advised given the current weakness. Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions. If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
NSE:BEL
by Fight_Bulls_vs_Bear
Jio Financial Services (JFS): Navigating Key Levels with PositivJio Financial Services (JFS): Navigating Key Levels with Positive Momentum NSE:JIOFIN (JFS) is currently at a critical juncture, testing key support and resistance zones amidst positive market sentiment. Resistance Zones: 346 / 356 – The stock may face selling pressure near these resistance levels, but a breakout could signal renewed bullish momentum, especially considering the favorable news surrounding the company. Support Zones: 335 / 316 – These levels are crucial for short-term support. If breached, it could lead to downside pressure, but strong buying interest at these levels may act as a cushion, preventing further decline. Positive News Catalyst: JFS recently received SEBI's in-principle approval to establish a mutual fund business in collaboration with BlackRock. This strategic 50:50 joint venture, dubbed Jio BlackRock, combines BlackRock's global expertise in investment and risk management with JFS’s strong local presence and digital infrastructure. This marks a significant re-entry for BlackRock into the Indian market, positioning JFS for expanded offerings in the investment space. With this venture, JFS is poised to bring innovative financial products to the Indian market, which could attract investor interest and drive future growth. Positive sentiment from this news may create bullish momentum, and a break above the 356 resistance level could trigger further upside. Key Takeaway: The stock is likely to be influenced by both technical and fundamental factors in the near term. Traders should watch for price action near the 346 and 356 levels for potential breakouts, while monitoring support at 335 and 316 for signs of strength. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:JIOFIN
by Fight_Bulls_vs_Bear
SWING IDEA - KPR MILL LTDToday, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential strength. Weekly charts showcase a bullish dragonfly doji, signaling a potential trend reversal, while daily charts reveal a bullish hammer pattern, enhancing positive sentiment. The stock bounced precisely off the 200-day Exponential Moving Average (EMA) on the daily chart, highlighting this level as a robust support. Continuous formation of higher highs affirms the sustained uptrend in KPR Mill Ltd, reflecting positive market sentiment. With the stock trading above both the 50-day and 200-day EMAs, there is added strength to the current positive trend. Target - 861 // 928 // 1050 StopLoss - weekly close below 716 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
NSE:KPRMILLLong
by Visionary_Growth_Insights
6
POLE FLAG WITH ROUNDING BOTTOM IN DALMIA BHARATWe can See a trend change in Dalbharat... Phase 1 Downside - Done Phase 2 Sideways Consolidation - on going Phase 3 Trend continuation or Reversal - NEXT For Short term we can see Pole flag formation in Dalbharat after trendline break For long term if the pole and flag gets activated we can see Cup and Handle next. Dalbharat has been trading in range and consolidating... Dotted Trendline should act as Upside support Idea Invalid if 1840 broken on DCB
NSE:DALBHARATLong
by tradingwithlogics
POTENTIAL INVESTMENT TARDE FOR VODAFONE IDEA Here we look at the Quarterly chart since 2008, We see price was rallying up violating Resistances and respecting the Support areas, until it starts doing the opposite. Now recently Price has violated a Supply area which indicates that the Buyers have just won over the sellers and now Price has given a Pullback in a 6 Months Demand. Now we have a 6 Months Demand; So understanding the timeframe role into this Trade as the Demand in which we buy this a 6 months Demand hence we will have to consider a minimum of 1 to 2 years considering at least 2 to 4 candles of 6 months each to achieve the Target. Here we have the following to consider before entering the Trade Trade Type : Investment Trade Entry : 10.10 SL : 5.70 TGT : 39.74 Risk : Rs. 4.4 Reward : Rs. 29.64 Ratio for Reward to Risk : 6.7/1
NSE:IDEALong
by WavesandZones
IDEAFORGE TECHNOLOGY LONG TERM VIEWIDEAFORGE TECHNOLOGY LTD is forming a Double Bottom Pattern and a channel pattern within the double bottom formation as well. Entry is given at 712 Stop Loss is given at 556 Targets are as follows: Target 1-886 Target 2-1056 Target 3-1260 Target 4-1345 (These targets will be achieved within 2 years from the date of entry) NOTE:- This view is purely based on Technical Analysis and is for educational purposes only. Please consult your Financial Advisor Before taking any trade.
NSE:IDEAFORGELong
by joukaniram
Bharat Dynamics BDL Short Setup on 1D Daily TF on RisologialBharat Dynamics BDL Short Setup on 1D Daily TF on Risologial After 125% upside rally, BDL has given signs of a possible SHORT trade. The BDL price is crossing under the Risological trend line, and if we see a red candle today, it is a sign of a good short trade. Once the trade is confirmed, the Risological swing trading indicator will set the Entry, stoploss and profit targets for this trade. I will update on this trade post 3:30 closing. Take care. Namaste!
NSE:BDLShort
by ProfitsNinja
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement. Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend. Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation. Target - 790 // 855 // 935 Stoploss - weekly close below 670 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
NSE:SBICARDLong
by Visionary_Growth_Insights
4
Raj Rayon : {"Potential for Best investment for 2024";} We are at the Biggest Picture available as per the data; Price has formed a Wave 1 which is an Impulse Wave In the Upward direction; Wave 2 is a downward 3-Wave-Simple-Correction Structure, retracing Wave 1 by less than a 100% which suffices the Laws of Wave as per the Elliott Wave Theory and now. ====================================================================== Let's talk about the most interesting part The Most Awaited Wave 3 is expected to come out, showing the move which is the reason why we trade, According to the Elliot Wave Theory the Projection of Wave 3 is at least 161.80% of the Wave 1. Let's see on the charts the Extension Levels as per the Best Leading Indicactor Fibonacci Extension; Yo !!!! Now Last Month that's in August 24, Price has closed above the EMA and hence I see a Buying Momentum in the Monthly chart, Looking at the Promotor Holding of this company which is more than 90% only confirms my belief in the future growth of the company. So we have an Overall Target Projection of Rs. 158.03 {Derived as per Fibonacci Extension} Now Let's look at the other side the {downside/ stop loss/ risk against the reward}
NSE:RAJRILTDLong
by WavesandZones