NIFTY DAILY - 24/4/2024Gap up opening into Nifty and bulls stretch their arms for another session and made days high which is 22476 level.
Nifty was almost choppy(flat) during trading hours.
Into last trading hours nifty made days low which is 22384 and gave closing near todays opening level.
Nifty has formed small red body candle with upper and lower shadows.
Double Moving Averages are giving crossdown. Nifty has given closing above 22400 level so, further 22556 level will work as resistance level and 22242 will work as support level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 20
FII Sell – 2511.74 crores
DII Buy – 3809.90 crores.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Doublemovingaverage
NIFTY DAILY - 20/3/2024Nifty open higher but bulls didn’t survive into the market and traded range bound for entire session.
Nifty has formed Doji candle on a daily chart which indicates thug of war between buyers and sellers.
Double moving averages is giving cross down, we may see weakness into the market.
If the Nifty index is at a low point and if the market opens positively the next day and maintains stability at current levels, there's a chance that the downward trend could shift, and prices could start rising again.
Reason behind this is that when a Doji formation is happening at a Bottom level we may see trend reversal from there.
So, further levels for nifty will be 21667 will work as support level and 21906 will work as resistance level.
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Sell – 2599.19 crore
DII Buy + 2667.52 crore.
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Higher High Higher Lows - VARDHMAN ACRYLICS📊 Script: VARDHACRLC
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 67.
📈 Script is making Higher High Higher Lows as shown in chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 72
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 - 68
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 7/2/2024Indian indices open with a gap up but Bear capture the Indian Indices and took the index to low of the day that is 21860.
Formed bearish candle with upper and long lower shadow that indicates bears were aggressive thought the session.
Double Moving Averages is giving crossover as shown in chart.
Nifty can find nearest support at 21893 and 22124 will be work as its resistance level.
Delta Corp - Bullish on Chart📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
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ASAHINDIA - VOLUME BREAKOUT + MACD CROSSOVER + SMA CROSSOVER 📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 todays volume is much greater then previous trading session volume which indicates volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 624
🟢 Target 🎯🏆 - 676
⚠️ Stoploss ☠️🚫 - 604
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂