Paradeep Phosphate : Looking Good with nice rewardThis stock is looking good for attractive risk reward.
Here you can enter at current levels also but if want you can wait for entry at 100 lelvel. But it does not look like it will touch 100 support level. If it does then buy with small SL of Rs.5
What can be better trade when SL is Rs. 5 but first target is Rs.20. That is 1:4 RR.
That is one good trade looking at past stock behaviour.
Entry : Rs. 100 or current levels
SL : Rs. 95
Target 1: Rs. 120
NIFTY
Reverse H&S formation in 15 minute chart of Nifty on cards.Usually we do not look at chart with less than 1 hour candles but an interesting pattern is forming which can yield us a fresh bullish move in Nifty so I am presenting it today. If Nifty manages to stay above 24109 and can close above 24189 we can have a fresh bullish rally in Nifty which can see it pivot very fast as high as 24538. with resistances at 24270, 24348, 24423 and finally 24538.
The important levels will be the support at 24109 and resistance at 24189. Other than 24109 (which is the mother lie for 15 minute chart) important supports will be at 24124, 24063, 24024 (which is father line of 15 minute chart). Below 24024 Nifty will become weak again and Bears can then drag it to 23962 or even 23874 again.
Again the important levels to watch for the next week on resistance side will be 24189 and on support side will be 24109 and 24024 (Mother and Father lines on 15 minute chart). This is what we can read from ultra short term chart of Nifty on 15 minute candle. To know more about the Mother, Father and Small child theory, trend lines, supports and resistances read my book The Happy Candles Way to Wealth creation. In this book you will get to learn about Techno-Funda investment. Many reviewer who have read the book consider it as a hand book of investment. You can check the reviews on Amazon and google Play book. The book is available on amazon in Paperback and kindle version. E-version of the book also available on Google Play books too.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty Intraday Support & Resistance Levels for 29.11.2024On Thursday, Nifty opened flat, hit a high of 24345.75, and then saw a sharp decline below 24000, making a low of 23873.35 as it tested the 15m demand zone. It closed at 23914.15, losing 360 points from the previous close.
Breaking below the key 24100 support (3-day low) triggered a strong downward move, dragging Nifty over 200 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling caution.
Demand/Support Zones
Near Demand/Support Zone (15m): 23856.15 - 23940.30 (tested yesterday)
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Near Support: 23189.88 (61.8% FIBO)
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24257.65 - 24354.55
Near Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
NIFTY 24300 PE NOV EXP ABOVE 80 LOOKS A GOOD BUYNIFTY 24300 PE NOV MONTH EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty has been showing selling pressure at higher levels over the last 2-3 sessions. Today, if the Nifty 24300 PE sustains above 80 or reverses around 50, a buying opportunity can be considered.
The upside targets are 120 and 180, with a stop-loss set at 50 for trades initiated at this level.
Regards,
OptionsDaddy Research Team
Resistance zone of Trendline Mother Line on stopping BullsOn the Daily candles chart of Nifty we can clearly see that Mother line and the trend line resistances are acting upon the Nifty and restricting it's further flight. Today we saw creation of another Doji like Monday. The Gap theory probably is also adding pressure on the Nifty. (Gap Theory is a very interesting subject about which we will sometimes do a special video.) Most of the gaps when a stock or index takes a leap should be filled in future as per the theory (in short). There was a gap up on Monday due to Maharashtra election results. In my opinion not all gaps are supposed to be filled there are some substantial gaps which never get filled. However we will do a webinar on this subject in future some day.
Right now the major resistance zone is here for Bulls this zone starts from 24354 and ends at 24396. Nifty might need some consolidation or strong FII+DII buying to fly above this zone. If this zone is conquered further resistances will be at 24530, 24673, 24893 and 25253. Above 25253 there is pure Bull territory.
Supports on the lower side are at 24135 major support (Higher Cradle of The Gap on Monday), 23948 (Lower cradle of the Gap), 23563 Major support from the 200 days EMA or the Father line, 23362 and finally 23254. Below 23254 we have a strong Bear territory.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation . Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Review and plan for 27th November 2024Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Father Line not allowing Nifty but gap up support holding.Father line of 200 Hours EMA at 24212 has not yet allowed Nifty to fly freely up and above. today again like yesterday we got a closing below at 24194. Overall it was a flat day with positive movements mainly in IT, FMCG, media and Small Cap index.
Once we get a closing above 24212 the next resistance will be at 24360, 24530, 24673 and 24893. After closing above 24893 Nifty has a chance to be in proper Bullish grip. Supports for Nifty on the lower side remain at 24135, 23948 and 23912 (Major Mother line Support of 50 Hours EMA). Below 23912 bears can drag Nifty to 23616, 23362 and finally 23250. Below 23250 Nifty can have a free fall into strong bearish territory.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Massive Gap-up on expected lines, Which way will Nifty go now?After Maharashtra results as expected Nifty gave a gap up opening and sustained above an important level to close the day but can the rally sustain or will it fizzle out. If Nifty can consolidate in the range and cross the important resistance of 24360 while holding the ground above 200 hours EMA of Father line at 24213 we can see a really very bullish rally in Nifty.
The supports for Nifty remain at 24213, 24135, 23948 and finally 23821. Below 23821 which is the 50 Hours EMA or the Mother line the rally may Fizzle out and bears will again dominate the scene. Resistnace for Nifty remain at 24369 important trend line resistance, 24530, 24673 and 24893 before we gain 25K levels and we can move ahead. Above 25K we will be in a predominantly Bullish territory again.
To know more about Mother and Father lines, trend lines and supports and resistances mentioned in the message and to find them on your own in addition to knowing more about Techno-Funda investing in a nutshell you can read my book The Happy Candles way to Wealth creation available on Kindle and Google Playbook in E-version and on Paperback edition on Amazon. It is one of the highest rated books in that category.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Plan for 26th November 2024Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24Nifty Short, Medium & Long Term : 25-Nov-24 to 29-Nov-24
Nifty closed at 23907 (two weeks before 24141) and touched high & low of 24233-23265
RSI ,Macd and stochastics levels are still down at the bottom.
Market bounced back from Trendline Support around 23250 and bounced back. But FII might continue to sell, hence please apply caution and let market move above the Ist & IInd short term target to buy in bulk. However, small SIP type buy in stocks/ MFs always better at this critica time.
FIIs was continuously selling in Indian market due to valuation issues of Indian Stocks, rather FIIs invested in Bitcoin which lead to Extraordinary increase in Bitcoin vallue and nearing 100,000 $ post US Election. Maharashtra election results gave confidence to current govt and will ease the pressure with current govt and can take free decisions in upcoming budget.
US indictment of Adani in bribe crime is a very bad issue and definitely it affects Adani Stocks and allied stocks. Example ITD Cementation is a great valued stock, but fell down drastically, as Adani was about to buy this company as per the news. Hence, avoid adani related stocks at present, as SEBI also might take action ( show cause notice/ Audit) on adani stocks.
Slowly started adding the stocks and Mutual Funds during this downfall, will continue to buy if there is further fall. Use the opportunity and grab the good value stocks.
Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000.
Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back.
Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time.
Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request. DM : karthik_ss ( Twitter) . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i analysed ) are added now after this downfall. Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile.
Nifty 23907 Short term ( Short Term : Neutral)
Nifty short term resistance Market to firmly cross 24500, 24767(0.5 Fib resistance) and 25122 ( 0.618 Fib resistance) to move ahead to 26000.
Support at 23266 ( Last week Low), 23000 & 22800.
Medium Term next target is 25335( Shoulder Pattern), if move up decisively above next target 26268 ( all time high), 26968
Medium term Support 22248.
Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance).
Support at 21240
Nifty might be turning corners if there is no further bad news.The medium term outlook of Nifty is that it might be turning corners if there is no further bad news on Global or Local front. RSI is also turning in the positive or bullish zone. 23251 which was the 50 Weeks EMA or the mother line was almost taken and Nifty took a support at exactly mid channel support. This level be the key going forward. In the monthly closing or thereafter if this support is broken then we might see a bear attack once again. In such a scenario next supports will be at 22825. If this support is broken the next supports will be at 21324, 20313 or even 19133 in case of a global catastrophe of some unexpected even from Ukraine / Russia / Iran / Israel front. As of now 23251 seems to be the bottom. The medium term resistances on the upper side remain at 24432, 25073, 25732 and 26152 before Nifty gains previous highs. Nifty channel top currently seems at 27100 levels. There will be a lot of consolidation and it will take a long time before we reach there (2 to 6 or more months). Difficult to predict exact time frame due to lot of uncertainties on the local and global front.
Nifty chart explains Mother-Father & Small Child theory and RSICurrent Nifty daily chart explains Mother-Father & Small Child theory and RSI very well have a look. As we can see and explained in my previous articles in Smart Investment as well as my book, The Happy Candles Way to wealth creation available on Amazon in Paperback and kindle version. The book in E-version is also available on Google Play books. Every time and again Nifty for cooling down from the overbought zone, consolidation, finding support and finding bottom in case of a bear market looks towards taking blessing or ashirwad from mother regularly and father some times. Wherein we call 50 EMA the Mother, 200 EMA of the father and movement of the candle sticks as movement of a 3 year old kid who is moving in a garden. The theory has been explained in depth in my previous articles and books but what you read above is in a nutshell.
This time as there were serious issues related to FIIs selling continuously, issues regarding inflation, consumption and domestic demand being weak we saw a steep correction in Nifty from its high. The global issues like escalating Iran Vs Israel tensions, US elections, Ukraine Vs Russia war again gaining momentum also played a spoilsport for bulls along with new episode of Adani saga. The correction might not be over we do not know for sure where the exact top and exact bottoms are but we can predict zones that can provide resistance and supports accurately.
Mother and Father lines we consider major supports and well as major resistances. They are major and most important supports if price of the particular stock or index is above the lines and they will be major resistance if the price of the stock is below them. On Friday we got a strong closing above the 200 days EMA which means if we get a follow up bullish candle on Monday and index continues to sustain above 200 days EMA things can go North in favour of Bulls. If Bulls can manage to get a closing above 50 days EMA or mother line the rally can enter a very strong zone. Another noteworthy point is that Nifty also hit a near channel bottom support as well as RSI also hit an oversold zone.
Thus getting a positive closing to next week and further extending the closing above Mother line will be very important going forward. Supports for Nifty remain at 23542(Strong Father line Support), 23259, 22801 and 22139. Resistances on the upper side are 23965, 24259, 24417 (Strong Mother line resistance) and 24909 before we again reach 25K+ levels.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel.
To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version.
Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
FinNifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #finnifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Sensex Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BankNifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #BankNifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Nifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Escalation in Russia, Ukraine war spoils the Nifty recovery Nifty was doing quiet well and had a strong momentum going forward. On the daily chart it had gone substantially above 200 days EMA (23541) and reached 23780. Three of things happened after that.
1) There was a massive escalation in Russia Ukraine war where Putin approved use of Nuclear weapons if required. At the same time news of Ukraine hitting Russia with ATACMS US made Long Range missile. (Bloomberg reports). This is a massive event with long global consequences. Which might be parting 'gift' from Biden to Trump. (Probably to create a difficult situation for incoming Trump).
2) Nifty hit 50 hours EMA or Mother line at 23770. As all who read my posts regularly, those who have watched my videos, taken training from me and Those who have read my Mother, Father and Small Child theory know the consequences of the same. The mother line acted on and pushed the Nifty down towards the doldrums again where it closed the day below (200 days EMA or Father line at 23541) at 23518. This is a massive jolt and only time can tell if Nifty can stage a recovery again on 21st November 2024, Thursday. As we have a holiday due to Maharashtra elections tomorrow. To know more about one of the most accurate Mother, Father and small child theory which makes your equity investment easy read my book The Happy Candles Way to Wealth creation available on Amazon in paperback edition. The same is available on Kidnle and Google Play book in E-Version.
3) Third possible thing was Bulls would not want to carry long positions with impending Maharashtra election results. The election is tough to predict with political mess in Maharashtra. Elections in India are anyway difficult to predict now a days.
These reasons led to massive fall of 262 points. This fall can disharten the bulls as well making the upward recovery difficult again. Positive closing in Green is the only good thing that we can take forward from today's action.
Supports for Nifty remain at 23350, 23110, 22796, 22499, 21890 and finally 21313. Below 22796 is a pure bear territory.
Resistances for Nifty remain at 23629, 23770 (Major Mother line Resistance which blocked the up move today), Post that there will be Father line resistance of 200 Hours EMA at 24311. After 24311 closing or weekly closing bear can take a back seat and Bulls will have capacity to pull Nifty above 25012 or even 25351 and above.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Bear Trap in JSW STEELBear Trap is form in JSW Steel there are multiple signals that show stock will goes bullish
1) Trend line Break Down ( Invites the sellers)
2) After break down did time pass and form big bullish candle that shows involvement of Sharks
3) It takes Liquidity of That big bullish candle