Rising Wedge Pattern Reversal in TATACOMMTATA COMMUNICATION LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📊 It can give movement upto the Reversal target of Above 2018+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2325+.
📊 Can Go Long in this stock by placing stop loss below 1785- or last swing Low.
Nifty50
Mother Line 50 EMA gave a great support to Nifty today. 50 EMA which is the Mother line gave a perfect and much required support to Nifty today. Proving again our Mother, Father and Small child story. Now tomorrow and and Friday the Nifty has to close above it to continue the upward trend. Resistances that Nifty will face on the upper side remain at 19747, 19851 and 19991. Supports for Nifty on the lower side are 19560 (50 EMA/Mother Line) and 19224. We are still not out of woods if we do not get 1 or 2 confirmation candles.
Nifty Sideways Prediction for 27 Sep 23As we have been discussing the range for nifty whole week. Nifty is moving in the sideways zone in range 19650 - 19750.
today it's also expected to do the same.
Reasons :
Having resistance of 200 EMA above side.
Major resistance Zone at above side.
PCR = 0.82 (Mild Bullish)
Accumalation phase is going on.
RSI is in 40-60 mostly indicate sideways momentum.
Verdict :
Sideways Accumalation Phase
Plan of action:
Hold Previous positions or Create a neutral position for 19650-19700 Zone.
Nifty Took Support At 50 Days EMA. (Positive Sign). Nifty Took Support At 50 Days EMA which is a Positive Sign. If the support is not broken in the remainder of the week, seeds of a fresh rally and end of weakness will be sown. For this to happen Nifty not breaking the 50 days EMA is very important. Resistances on the upper side will be at 19735, 19851 and 19991. Supports for Nifty at the lower level are at 19549, 19435 and 19224. Below 19224 the bears will overtake the market.
NIFTY INTRADAY LEVELS FOR 26/09/2023BUY ABOVE - 19730
SL - 19680
TARGETS - 19790,19850,19900
SELL BELOW - 19660
SL - 19710
TARGETS - 19530,19470,19430
NO TRADE ZONE - 19660 to 19730
Previous Day High - 19730
Previous Day Low - 19600
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 👍
Are Bulls back? || Will nifty take support from here? 26 SEP As we have have been discussing nifty fall. Now nifty has proven to 0.5 Fib Level 1H-TF as a good support Level.
yesterday it has also taken a nice support at this level. we are assuming nifty to be in the range 19630 - 19800. Detailed levels are marked on chart.
Reasons :
PCR = 0.81 (Mild Bullish)
RSI Bullish diversion.
Channel is coming to end of break.
RSI Lower Support level might bounce back to bullish zone.
Heavy CE writing on 19700 level.
Heavy PE writing on multiple levels 19600, 19500, 19400. Max pain 19700. if 19700 breaks easier to go higher.
Verdict :
Mild Bullish ( Range 19630 - 19800)
Plan of action:
Hold previous 19750 Straddle, or create a new by checking 15 Min Candle.
NIFTY ANALYSIS FOR 26th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 26th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY SEP-OCT NEUTRALThe circle area might have huge risk & volume with high volatility
If the price goes below circle, take a SHORT at given arrow and wait for 300 points
If the price bounces back 2 cases
Enter #LONG if it goes like green line at given arrow and wait for 300 points
Enter #SHORT if it goes like orange line at given arrow and wait for 500 points
Nifty Sort term ViewI can provide a general perspective on the Nifty 50 index. However, please note that market conditions and sentiments can change rapidly, and it's important to consult up-to-date financial sources and consult a financial advisor for the most current and tailored advice. #nifty, #nifty50
Nifty 50: Meltdown @19,600Week Ahead:
On Daily charts, the index has lost all its momentum even though the fall has slown down but it has left huge runaway gaps between daily candles. Ideally such situation woul need to trade within crucial candles range and be mindfull of taking trades when Index trades near the gaps, as the saying goes, most of the time index always closes on gaps.
From levels perspective, Nifty is still vulnerable to fall around 19,600. Key levels aroun here are 19,502-19,595 and much on lower side are 19,386 , 19,326-19,230. If the markt settles around 19,600 then a move beyond 19,795 will make the fog clear around the botton of this last week’s meltdown.
Nifty - Wave CountNifty 50 - Elliott wave count
It appears that the Nifty50 market is nearing the end of Wave A, and once it is completed, there is expected to be an upward movement towards Wave B targets between 19900 and 20000.
After that, Wave C is anticipated to begin with a target of 19300 or lower.
NSE:NIFTY NSE:NIFTY1! NSEIX:NIFTY1! VANTAGE:INDIA50
NSE:NIFTY50 S&R for 25/09/2023Disclaimer: it’s always recommended to follow your own judgement or take help of financial advisors which hold proper authorization and certification. These are not any kind of serious signals or analysis, these are ideas shared for engaging in like mindedness and for fun only.
An Idea:-
Strong Resistance Zone 19800 to 19780
Minor Resistance 19720 (can turn into support if market opened gap up on Monday, 25/09/2023)
Support at 19655 to 19650
Nifty took support at a very important level today. Nifty took support at a very important support zone. The level being at 19709 to 19694. 19709 was today's law. If the support zone is broken the next support levels are at 19538 and 19224. If 19224 is broken we may see bears take a total control. Major support after 19224 will be near 19050 and 18900 and finally 18638. (Very unlikely that we reach there). The resistances on the upper side are at 19848, 19991 and finally 20203.
NIFTY ANALYSIS FOR 22nd September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 22nd September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Nifty again at a brittle Trendline support. Nifty again is at a very brittle Trendline support. Today's low of 19878 to 19890 remains the most important support for Nifty as RSI on hourly chart shown Nifty as over sold. It is very important for Nifty to recover from here. If this support is broken the next important supports for Nifty at lower levels are at 19796, 19696 and 19554 to 19530. If 19530 is broken the next most important support level will be near 19263. Below this level there is a chance that bears will be in total control. Resistances on the upper side for Nifty are at 19990 and 20057.
NIFTY ANALYSIS FOR 21st September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 21st September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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NIFTY INTRADAY LEVELS FOR 20/09/2023BUY ABOVE - 20170
SL - 20140
TARGETS - 20200,20280,20380
SELL BELOW - 20110
SL - 20140
TARGETS - 20040,19950,19870
NO TRADE ZONE - 20110 to 20170
Previous Day High - 20200
Previous Day Low - 20110
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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.
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 BANK:- Soft Sourroundings Soft landing of the economy is the word that is catching cold. All hard landings in the first-place look like soft landing until it is over. Inflation is re-defined, calls for higher base from 2% is catching up. World is facing the debt scare with 337% of world GDP. Reports from RBI suggests our savings too are fast depleting. Further drill down of the numbers may reveal the cause and effect of these numbers. Equity is the new saving; Equity is the new debt remains the one of the takings. While the local currency pushes past 83.00 it is not going to draw any ire other than headlines, as it is commensurate with annual depreciation that we have witnessed if any it is at the lower end. One can aim a slow move towards 85.00. Diplomatic tussle with Canada is not a market mover yet and hence the space of PSU banks remains to be invested. Larger banks are mixed to the likes of HDFC, ICICI, AXIS and SBI the laggard remains the HDFC. Relative to the NIFTY, this index to get supported around the 45800 area, waiting to hit the ATH. Ahead of FOMC there will be reluctance to move either way and hence the range is preferred. Soft Sourroundings it the internal Women's clothing brand that filed for Chapter 11. US building permits are higher, but housing starts fall below the expectations. Yellen comments that inflation is starting to decent, (Michigan 5 Y inflation expectations moved to 2.7, an indicator that FED Watches). FED would pause today, to take stock of the aggregate of the rate hikes so far to gauge the final impact. At no point they would sound a rate cut. 45750-46250 range to work for the day. Attached graph stronger trendline, Ichimoku supports suggest to play from longs than otherwise.
Nifty at important support level now.Nifty is just above a very important support zone now. This support is between 20104 and 20008. Closing below 20008 can weaken the grip of Bulls. In this case the Nifty can further fall to the support levels of 19886 or even 19679. Resistances on the upper side for Nifty are near 20229 (Major resistance). If we look carefully a rounding top is forming near 20229. Which can mark end of a bull phase too. But if we get a closing above 20229 the doors will open for the targets of 20354, 20447 and finally 20559.
Nifty 50: Rally till 20,300-20,550 on chartsWeekly Review
When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as a spike but it’s on a clean Falling wedge pattern breakout post hitting 19,230 in august and so is the continuous rise in the Index since last few weeks where the last week itself contributed almost 1.88% with a gain of 372 points taking index to new highs of 20,222.
Week Ahead:
On Daily charts, the index stands strong with good volumes to continue its rally from current levels of 20,192, with nearest resistance at 20,297(20,300) and 20,500-20,550. Considering if any pause in the rally if occurs it can retrace till 19,993 and 19,792 which will be the key supports. Personally I don’t see any neutral to bearish view but a stable long until 20,300 atleast and a max 20,550 since the weekly charts are showing a clear bullish stance and a uptick in momentum reflective of much steam left in the markets.
Nifty Near Major Resistance.Nifty is near the major resistance zone of 20200 and 20230. It returned from the resistance on Friday. Little bit of correction and consolidation is due. Selective Small and Mid cap stocks along with few Large caps can continue to be bullish. If the strong resistance between 20200 and 20230 is broken and we get a closing above 20230 the next targets will be 20354 and 20477. In case of correction the support will be provided by support zones of 20104, 19991, 19886 and 19696. Below 19696 final support zone will be between 19490 and 19227. The trend changes to negative only below 18599.
NIFTY ANALYSIS FOR 18th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 18th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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