Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area.
75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible.
Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
Nifty50
NIFTY ANALYSIS FOR WEDNESDAY 9TH AUGUST 2023-FOR EDUCATION PURPONIFTY ANALYSIS FOR WEDNESDAY 9TH AUGUST 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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Nifty50 Intraday Levels TradePlan Analysis Aug 08Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to uptrend.
Trade Plan:-
If the Market opens flat,
1) Would look for any rejection at the Trendline and initiate shorts till the demand levels such as today's day low, Friday's day low based on price action and setup confirmation.
2) Can also look for reversal trades at the demand zones marked post consolidation beyond 10:15 AM.
3) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
If the Market opens gap up,
1) Will look to short the market at the mentioned supply zones and run till the gap filling happens or till the Trendline support or the marked demand zones based on Technical setup confirmations.
2) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
3) Can go long once the gap filling is complete based on Technical setups.
If the Market opens gap down,
1) Will go short if today's or Friday's low is broken.
2) Will go long if gap is at demand levels marked with CONSOLIDATION and setup confirmation. Would look to run till Trendline/Gap resistances.
Happy trading! Please do comment for suggestions.
Please do check for Demand zones below 19200.
Wipro Intraday Price Action Levels for tomorrowPrice compression is seen in 75 mins time frame, if the price sustains above yesterday's close level, the marked levels can be used for Intraday target sell zones.
The RSI is also moving up from oversold to a strength zone of 60-70+.
The price may move to fill the gap at 414-415 zone.
An intraday trade may be possible with the marked levels, above 410 with an RR of 1:2.
NIFTY 50 ChartNifty 50 chart
where we can clear seee that it falls down and now it is going straight in upside if once it get reject and make a big selling candle or red candle then I am expecting again a big fall in down side. Bulls trying hard to go up but Bear waiting for a good chance and they will blow in down side like BOOOM BOOOM>
all will happen below 19470
#Nifty50 Levels for 08-08-2023#Nifty50 Levels for 08-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, Confirmations.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
Nifty has closed near very critical resistance zone. Nifty on hourly chart has closed near very critical and strong resistance zone formed due to a parallel chanell in which it is falling since it made a new high of 19991.85. The resistance zone starts from today's high of 19620 and ends at 19685. Closing above 19685 is imperative for Nifty to go towards 19798, 19871 and finally then it can aim for the target of 20000+. Supports for the Nifty on the lower side will be at 19258 and 19423. closing below 19423 will bring back bears in action. Final support for Nifty is near 19296. Below 19296 closing Bears will start dominating. Below 19191 closing will be a trend change and Bears can take full control.
Very interestingly placed Nifty respecting a critical support. Very interestingly placed Nifty respecting a critical support of 19296. The zone between 19296 and 19174 is a good strong support zone for Nifty. If this zone will be broken the Nifty can open floodgate for bears and take the index towards 18883, 18440 or 18268 in the worst case scenario. However the strength shown on Friday should be seen as buoyancy of Indian markets which will attempt to take Nifty upwards. In such a case the next resistances will be near 19530, 19677, 19871, recent high of 19991.85 and finally towards new high and channel top near 20234. First 2 days of the week will decide the mood of reminder of the week or perhaps the full month.
Absolutely critical support levels for Nifty in range. Nifty will have three supports in range which will be like last refuge for bears. One is the low of today which already gave support in the closing hours to Nifty. i.e. 19292. Belos 19292 we have the support zone between 19202 and 19239 hopefully Nifty will bounce from this zone. If not...bears will start coming into action with a lot of energy. Lot of resistances for Nifty on the upper side. Prime Resistance being 19408 to 19438 zone. above 19438 the zone til 19604 will see a tough fight between bulls and bears. Above 19608 bull will again take control of the market.
Major Correction in Nifty due to Global factors. Nifty today closed 1.05% in the negative due to major global news of US downgrade. Lot of Euphoria was also there and many stocks were seething in the overbought zone so the correction was due. Major supports now for Nifty can be near 19440 and 19315. If 19315 will be broken bears will get more empowered and next support zone will be in the range of 19239 and 19202. Resistance on the upper side will be near 19557 and 19666. Mostly it looks like Nifty will test further supports only rather than resistances this week but you never know.
Another Grand day for NiftyNifty Seems to be defying gravity and seems determined to create yet another high given it is able to clear the resistances ahead. The resistances being 19767, 19837, 19912 and 19991. If these levels are crossed the New Nifty high can be near 20100 or 20242. Supports that Nifty has as of now are 19701, 19577 and 19411. Below 19411 the only major support now remains at 19315. Below 19315 bears will wake up from coma.
NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020
we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY
Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards
SP:SPX
NSE:NIFTY
Thanks a lot for reading...
ALEMBIC LTD Weekly Double BottomAlembic Ltd has formed a double Bottom on weekly chart, Enter with little qty @ CMP and add on dips for the retest. Safe Buyers can wait for retest of the neckline and enter after confirmation.
Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
ABFRL Buy above Rs. 225ABFRL Buy on Closing basis only, the price has reversed from the demand zone with rising volume.
Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
NIFTY ANALYSIS FOR MONDAY 31ST JULY-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR MONDAY 31ST JULY-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.
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BANKNIFTY ANALYSIS FOR MONDAY 31ST JULY-FOR EDUCATION PURPOSEBANKNIFTY ANALYSIS FOR MONDAY 31ST JULY-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.
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