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SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
BSE - 108% in 123 Days!BSE Ltd on the daily timeframe demonstrated exceptional performance, achieving all targets and exceeding expectations with a massive 108% gain in just 123 days. This trade was accurately identified using the Risological Swing Trading Indicator. BSE Key Levels: TP1: 2781.30 ✅ TP2: 3075.00 ✅ TP3: 3368.70 ✅ TP4: 3550.20 ✅ Technical Analysis: The entry point was perfectly timed at 2599.80, with a tightly managed stop-loss at 2452.95 to minimize risk. BSE followed a robust bullish trend, crossing the Risological trend line early and sustaining momentum throughout the trade. With all targets achieved, the stock's explosive breakout reaffirms the effectiveness of the Risological Swing Trading Indicator in capturing high-momentum moves. Traders leveraging this setup could capitalize on significant gains while maintaining discipline with predefined stop-loss and take-profit levels.
NSE:BSELong
by ProfitsNinja
BSE: Bullish Momentum for a Major Breakout!🚀 BSE: Bullish Momentum for a Major Breakout! 📈💥 Why You Need to Watch This Stock: BSE is on a bullish trajectory, breaking through significant resistance and showing multiple strong technical signals. With a 52-week breakout and several key indicators aligning for an upside surge, this stock is primed for swing trades and BTST opportunities. Here’s why it’s a must-watch: 🔥 Key Technicals: Bullish Marubozu: A strong bullish candle forming, signaling continued momentum. 52-Week Breakout: Trading at new 1-year highs with good volume, confirming a potential breakout. RSI Breakout: RSI at 68, showing strong upward momentum. Volume Surge: The recent price rise is fully supported by strong volume, confirming sustainability. Stochastic at 94 and CCI at 235: Both indicators show strong upward pressure and suggest that the trend has room to run. MACD Bullish: All signs point to further bullish movement. Donchian Band: New high created with a strong breakout possibility. Bollinger Bands: Positive breakout suggesting sustained upward movement. EMA 50, 100, 200: All EMAs trending up, confirming a strong uptrend across short, medium, and long-term charts. 📅 Latest Signal: Long White Candle on the Daily chart, reinforcing bullish strength. Bullish Engulfing on the Weekly chart, signaling a continuation of the uptrend. 💥 Why It’s a Strong Pick: With its strong bullish technical rating, BSE is signaling a clear breakout opportunity. The combination of a 52-week high, strong volume, and key bullish patterns make it an ideal candidate for both short-term breakouts and swing trades. 🚨 Take Action NOW: The momentum is building, and the breakout is in play! Don’t wait—set your alerts and position yourself to catch the next move. 👉 Add BSE to your watchlist now and prepare for potential upside! 🔔 Set your alerts and get ready to ride the wave!
NSE:BSELong
by ruelfernandes
BSE LimitedBSE Ltd. shows potential for breaking its all-time highs and beyond, especially if it maintains its leadership in India's capital markets and benefits from increasing trading volumes. Key support levels should be monitored closely to validate a bullish outlook. looking further for more price data to form which will help me deliver with Perfect entry and Stoploss. currently i am staying neutral with no action in place just looking further how price moves in future.
NSE:BSELong
by Rizwan-Ali
BSE - previous learnings applied to the current marketThis post highlights the previous strong uptrend in BSE, and the consolidation it led to. The chart also indicates how it behaved during the consolidation phase. Certain pointers: i. The average maximum decline from peak in this period was of ~22-23% ii. The price movement took resistances at the 8EMA when it tried rising during this period. iii. The 20SMA and 50SMA were in a crisscross most of the time, not signaling any persistency during the period. iv. The break-out from the resistance saw the price > 8EMA>20SMA>50SMA>200SMA v. The strongest gap up of the consolidation period came at the very end on 8th Aug 2024, with a 6% gap up. Currently, BSE had a strong uptrend from 16th Aug 2024 up to14 Oct 2024, with an ~89% rise. The maximum decline it has seen from the peak is of ~20%. The current resistance of its time (o.i.t) level is at approximately INR 5000. The break of this with other factors will mark the next strong uptrend.
NSE:BSE
by lavleen_sharma001
Crypto VS Equity : Which you will Choose for 3rd Qtr 2024This chart is very interesting for those who are struggling to find the investment opportunities. We have technical charts, And you can see 4 windows, upper two are cryptos and lower two are Indian Equity index. Now, if we look at the charts, you can easily understand that cryptos are running for this month whereas the equity part is falling , as we all are quick learners, so we can understand what's happening here. In simple words money is going out of various asset classes, even the gold, Fd's ,equities and being invested or traded with cryptos. After the US President election Crypto coins are running in optimism. As Donald Trump have positive stance towards cryptocurrency. And Nobody wants to be left out And so money is getting out of other investment assets. I love to here your views on this ... use Comment box
CRYPTO:BTCUSDLong
by Mohit_T
TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential. Technical Signals: EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support. Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence. RSI : Above 50, supporting bullish momentum. Levels to Watch: Support : ₹3,995.45 – Reliable base. Immediate Resistance : ₹4,411.25 Final Target : ₹4,587.95 – Top of the channel. Trade Setup: Entry: On pullbacks or above ₹4,217.30. Stop Loss : Below ₹3,995.45. Target : ₹4,411.25 - ₹4,587.95.
NSE:TCSLong
by AngshumanSaikia
Sonata Software Ltd. (NSE: SONATSOFTW)The daily chart of Sonata Software shows a notable consolidation phase after a strong uptrend earlier this year, which peaked around ₹837. The stock has been trading within a descending triangle pattern, a sign of ongoing consolidation with potential for a breakout in either direction. Here’s a closer look at key levels and technical indicators: 1.Fibonacci Retracement Levels: The stock has retraced to key Fibonacci levels, finding temporary support near the 0.236 level around ₹563 and facing resistance near the 0.382 level around ₹615. These levels are crucial as the stock approaches a breakout or breakdown point. 2.Trendline Analysis: Two converging trendlines form a descending triangle, indicating potential price compression. A breakout above the upper trendline or a breakdown below the lower trendline could signal the next trend direction. Traders should watch for a breakout above ₹615-₹620 or a breakdown below ₹563. 3.Volume and Momentum: Volume has been gradually decreasing during this consolidation, which typically precedes a breakout. If there’s a spike in volume with a breakout, it could confirm the direction. The RSI (Relative Strength Index) is around 47, showing neutral momentum but with room for movement in either direction. A rise above 50 could indicate bullish momentum. 3.Key Support and Resistance: Support: Major support is around ₹563 (0.236 Fibonacci level) and ₹479 (100% retracement). Resistance: Immediate resistance stands at ₹615, with stronger resistance around ₹658 (0.5 Fibonacci level) and ₹700. Outlook: Given the current pattern, Sonata Software is approaching a decisive moment. A breakout above ₹615-₹620 with strong volume could push the stock towards ₹658 and beyond. Conversely, a breakdown below ₹563 might lead to further downside. Note: Keep an eye on broader market conditions as well, as they can influence breakout strength and follow-through.
NSE:SONATSOFTW
by AngshumanSaikia
Bajaj Finserv Ltd. - Weekly Chart Analysis1. Symmetrical Triangle Pattern: Bajaj Finserv has been consolidating within a symmetrical triangle pattern over the past few years, showing lower highs and higher lows. This pattern suggests a period of accumulation or consolidation, where both buyers and sellers are competing, leading to a breakout or breakdown. 2. Recent Breakout and Pullback: The price recently broke above the upper boundary of the triangle, indicating a bullish breakout, which was accompanied by significant buying volume. Currently, the price is retesting the breakout level, which may act as a support zone if it holds. 3. Fibonacci Levels and Potential Resistance Zones: The previous high near INR 1,880 (approx.) acts as a critical resistance zone. This level also aligns with the 88.18% Fibonacci retracement level, which may serve as a potential profit-booking zone if the stock moves upward again. If the stock maintains its momentum post-retest, a move toward this resistance could be expected. 4. Volume Profile Analysis: The Volume Profile on the right shows strong support around the INR 1,500-1,600 levels, indicating that a significant volume of shares has been traded within this range. This level may act as a support if the price dips further from the current pullback. 5. Trendline Support and Moving Averages: The long-term upward trendline provides a strong dynamic support level. The 50-week and 200-week moving averages are positioned below the price, indicating a long-term uptrend and offering additional support around INR 1,500. 6. RSI and Momentum Indicators: The Relative Strength Index (RSI) shows a healthy range but is not overbought, suggesting there is room for further upward movement. A crossover in the RSI or any divergence may indicate potential reversals, so keeping an eye on these indicators would be beneficial. 7. Key Levels to Watch: Support: INR 1,500-1,600 (Volume Profile and Moving Average Support), INR 1,730 (current retest level). Resistance: INR 1,880 (previous high and Fibonacci level). Conclusion: The stock is at a critical juncture, currently retesting the breakout level of the symmetrical triangle. If the price sustains above INR 1,730, we could see a bullish continuation toward INR 1,880. However, a breakdown below the trendline or INR 1,500 could invalidate the bullish outlook, potentially leading to further downside.
NSE:BAJAJFINSVLong
by AngshumanSaikia
Bharat Electronics Ltd: Key Support Zone and Potential Breakout Technical Overview Descending Triangle Pattern: The price action appears to be forming a descending triangle, which is typically considered a bearish continuation pattern. The triangle's resistance line is a downward-sloping trendline connecting the series of lower highs, and the support is horizontal around the 270-265 INR level. Support and Resistance: Immediate Resistance: The first resistance is at 289.60 INR, as indicated by the horizontal line. Major Resistance: Above this, significant resistance exists around 312.70 INR and 340.25 INR. Support Zone: The highlighted yellow area between 265-270 INR indicates strong support. The price has tested this zone multiple times without breaking down, suggesting that it is a key area to watch for either a bounce or a breakdown. Moving Averages: 50-Day Moving Average: The price is currently close to the 50-day moving average. A breakout or breakdown from this average could provide a signal for further price movement. 200-Day Moving Average: The 200-day moving average is trending upwards and acts as long-term support. It's a key indicator for identifying the overall trend, which remains bullish in the long term. RSI (Relative Strength Index): The RSI is showing a bullish divergence. Even though the price has made a lower low, the RSI has formed a higher low, signaling a potential reversal or bounce from the current levels. Volume: There is a noticeable drop in volume over the recent sessions, suggesting that traders are waiting for a decisive move. If the price breaks either the support or resistance lines, a spike in volume will likely confirm the direction of the move. Target Price: Bullish Target: If the price breaks above the descending triangle and crosses the resistance at 289.60 INR, the next target could be 312.70 INR, with a long-term target around 340.25 INR. Bearish Target: A breakdown below 265 INR could lead to further declines, with the next significant support level around 240 INR. Conclusion: The stock is currently trading near a critical support zone in a descending triangle pattern. Given the bullish divergence in the RSI, there's potential for a bounce. However, traders should wait for a breakout above the 289.60 INR level for bullish confirmation or a breakdown below 265 INR for bearish continuation. Risk/Reward Tip: Use stop-loss strategies close to support and resistance levels to manage risk effectively, as either scenario (breakout or breakdown) can lead to significant moves.
NSE:BELLong
by AngshumanSaikia
BSE Ltd Breakout: High Volume Surge and Buy Signals!🚀 BSE Ltd Breakout Alert! 🚀 📊 Current Market Price (CMP): ₹3,896 🔍 Breakout Levels: ✅ High volume breakout observed across Daily, Weekly, and Monthly charts. 📈 Oscillators showing a Buy Signal. 📉 MACD confirms a Buy Signal as well. 🔑 Stop Loss : ₹3,650 🎯 Target : ₹4,375 Disclaimer : This analysis is for educational purposes only. Please don't follow this study blindly. Do your own research or consult with a financial advisor before entering any trade. Always trade with caution and risk management! #BSE #StockMarket #TechnicalAnalysis #Breakout #Nifty #TradingTips #MarketStudy #StockTrading #RiskManagement
NSE:BSELong
by Amankuckreja
CGPower : Strong Bullish Momentum: Key Support & Resistance Zone NSE:CGPOWER in Strong Bullish Momentum: Key Support & Resistance Zones NSE:CGPOWER continues to demonstrate solid upward momentum across multiple timeframes, with positive trends seen on the daily, weekly, and even shorter 75-minute charts. Here's an advanced look at key levels and insights: Key Indicators to Watch: Weekly 50 EMA: ₹605 – A strong long-term support level. The price remains well above this, indicating a sustained bullish trend. Daily 50 EMA: ₹736 – Medium-term support. A key level to watch for any pullbacks or corrections. Weekly 10 EMA: ₹745 – Immediate weekly support, offering a clear level for trend continuation. Daily 10 EMA: ₹792 – The near-term support on the daily chart; holding this level is crucial for continued upward momentum. 75-min Chart: 50 EMA: ₹786 – This EMA offers intraday support, crucial for short-term traders. 21 EMA: ₹816 – Further intraday support, maintaining strength at this level keeps the bullish sentiment intact. 10 EMA: ₹840 – Immediate short-term support in intraday action. Key Resistance Levels: 52-Week High : ₹874.70 – A breakout above this significant level could lead to a fresh rally with further upside potential. ₹846 – Short-term resistance that aligns with 75-min 10 EMA, a key test for continued bullish momentum. ₹875-₹900 – If the stock breaks its 52-week high, we may see this range as the next target zone. Support Levels to Watch: ₹756 – Short-term support level; a strong dip-buying opportunity if prices pull back to this region. ₹786 – A key support level on the 75-minute 50 EMA; holding this strengthens the upward move. ₹816 – The 75-minute 21 EMA provides a solid intraday support level. ₹846 – A critical near-term support zone that should hold for the continuation of bullish movement. Outlook: NSE:CGPOWER is showing a healthy bullish momentum, with consistent support levels across the daily and weekly charts. Holding above ₹756 and breaking past ₹874.70 could fuel further bullish activity. Watch for pullbacks near support levels for potential buying opportunities. As long as the price holds above its key EMAs, especially the daily and 75-min EMAs, the trend remains strongly positive. Conclusion: With CGPower's upward momentum intact and strong support from its EMAs, it remains in a bullish trajectory. Monitoring price action near ₹756, ₹786, ₹816, and ₹874 is essential for confirming continued strength. 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.
NSE:CGPOWERLong
by Fight_Bulls_vs_Bear
IREDA IS READY TO BURST WITH FULL ENERGYNSE:IREDA is slowly storing energy to give huge breakout and give New ATH. Currently IREDA is wave 5 candidate in weekly chart and wave 3 candidate in daily charts. As all we know what happens when these two combines there is high probability the charts can go up. The view is applicable until the chart stay above 220, The view is invalid when it is below 215, any movement below 215 is a bearish view. Otherwise the upper targets are 245 265 280 300 325 350 Disclaimer The above analysis is just sharing of knowledge and not an investment advise, we are not sebi registered and please DYOR before taking any trade as our trade idea is not entitled to your profit/loss. Please take advise from your financial advisor before investing your valuable and hard earned money. If you like my analysis do comment and give a boost. It boost our energy to do more analysis.
NSE:IREDALong
by rahulxvaishnav