NIFTY INTRADAY LEVELS FOR 08 JULY 2024BUY ABOVE - 24350
SL - 24300
TARGETS - 24400,24480,24550
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24350
Previous Day High - 24350
Previous Day Low - 24160
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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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.
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Niftyprediction
Down by 55% now, one should you buy or avoid it !Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below :
Buy Above 1385 level on a closing basis
Target 1 - 1510
Target 2 - 1588
Target 3 - 1700
Strict Stop loss - 1300
Please consult your financial advisor before taking any trade on my analysis.
NIFTY 50 INTRADAY TRADING SETUP FOR 05.07.2024
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.
NIFTY INTRADAY LEVELS FOR 5TH JULY 2024BUY ABOVE - 24400
SL - 24350
TARGETS - 24480,24550,24630
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24400
Previous Day High - 24400
Previous Day Low - 24300
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 Intraday (05-Jul-2024)The image is a chart displaying the 15-minute price movements of the Nifty 50 Index for July 3rd and 4th, 2024. It includes technical analysis with marked buy and sell signals:
-Buy Signal: A suggestion to buy above 24,350 with a target open for 24,450 or more.
-Sell Signal: A recommendation to sell below 24,275 with a target of 24,125 or lower.
The chart also shows the 20-period Exponential Moving Average (EMA), which helps traders gauge the trend direction and potential support or resistance levels.
NIFTY INTRADAY ANALYSIS FOR 4TH JULY 2024BUY ABOVE - 24300
SL - 24230
TARGETS - 24380,24450,24520
SELL BELOW - 24230
SL - 24300
TARGETS - 24160,24060,23990
NO TRADE ZONE - 24230 to 24300
Previous Day High - 24300
Previous Day Low - 24230
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 analysis and trade plan for tomorrow, Thursday, 4th JulyNifty analysis and trade plan for tomorrow, Thursday, 4th July
In daily time frame Nifty is in an uptrend and expect the continuation above 24306.85, which is the upper band of no trade zone for tomorrow, in which 24230.55 is the bottom. Opening between the no trade zone, we may go for bullish trade after Nifty crossing 24306.85, 24405.25 and 24502.65 will be the nearest resistance levels. At resistance level R1 and R2 we may plan for bearish trades also, with touch and go, meaning, buying PE or selling CE or nifty future just after Nifty touching these levels. Nifty opening above the higher level of no trade zone for bullish trade we may have to wait for a proper price action, in at least 5 minute time frame.
In case of flat opening, after Nifty crossing 24230.95, we may plan for bearish trade. 24183.5 (S1). 24145.4 (S2), 24107.3 (S3) and 24053.05 (S4) will be our support levels for tomorrow. From each support level we may expect bullish reversal, but with a price action only, in at least 5 minute time frame, and we may plan accordingly.
*This analysis is most effective up to 12:30/1 PM tomorrow*
*Personal opinion, not a trade advice*
*Support and resistance levels are based on Fibonacci*
Nifty Intraday (03-Jul-2024)15-minute intraday chart for the Nifty 50 index from a trading view. It includes data and trading strategies for July 4th, 2024. The chart displays price movements with a plotted Exponential Moving Average (EMA). There are strategic points marked for buying and selling:
Buy Signal: The chart suggests buying if the index moves above 24,325 points with a target open for reaching above 24,450 points.
Sell Signal: The chart suggests selling if the index falls below 24,225 points, with a target of reaching around 24,100 points.
HDFC BREAKOUT Hi guys,
Its me Guruzzz
HDFC Breakout
A "breakout" in the context of stock trading typically refers to a situation where the price of a stock moves above a resistance level or below a support level with increased volume. For HDFC (Housing Development Finance Corporation), a breakout could signify a significant upward or downward movement in the stock price, suggesting potential buying or selling opportunities for traders.
Indicators of a Positive Breakout:
Price Movement: If HDFC’s stock price breaks above a key resistance level, it indicates a bullish trend.
Volume: Increased trading volume during the breakout confirms the strength of the movement.
Technical Indicators: Positive signals from technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) can support the breakout.
Positive Words About HDFC
Strong Financial Performance:
Consistent Growth: HDFC has demonstrated consistent growth in revenue and profitability over the years, reflecting its robust business model and strategic vision.
Solid Asset Quality: The company's focus on maintaining a high-quality loan portfolio has ensured minimal non-performing assets (NPAs), contributing to financial stability.
Market Leadership:
Industry Leader: HDFC is a market leader in the housing finance sector in India, with a strong presence and extensive reach across the country.
Reputation and Trust: The brand is synonymous with trust and reliability, having established a strong reputation among customers and stakeholders.
Innovation and Adaptability:
Technological Innovation: HDFC has been at the forefront of adopting technology to enhance customer experience, streamline operations, and improve efficiency.
Product Diversification: The company offers a wide range of financial products and services, catering to various customer needs and preferences.
Strong Management Team:
Experienced Leadership: HDFC's leadership team comprises experienced professionals with a deep understanding of the financial industry, driving the company's strategic initiatives.
Visionary Strategies: The management's forward-thinking strategies have enabled HDFC to navigate market challenges and capitalize on growth opportunities.
Corporate Governance and Social Responsibility:
Robust Governance: HDFC adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices.
Social Impact: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare.
Conclusion
HDFC's breakout indicates potential positive momentum in its stock price, driven by strong financial performance, market leadership, innovation, experienced management, and commitment to corporate governance and social responsibility. These attributes make HDFC a reputable and reliable company in the financial sector.
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.
NIFTY INTRADAY LEVELS FOR 3rd JULY 2024BUY ABOVE - 24160
SL - 24060
TARGETS - 24240,24330,24450
SELL BELOW - 24060
SL - 24160
TARGETS - 23990,23900,23800
NO TRADE ZONE - 24060 to 24160
Previous Day High - 24240
Previous Day Low - 24060
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 - Trend ContinuationAs it happens there seems to be some strength left in the bullish cycle.
This is based on the fact that the trendlines that were resisting till now can't hold it anymore & need much stronger resistance which is where the market is headed (to 24,300 levels)
All of this analysis is attributed to the development of interim weekly correction that collapsed the overall wave analysis done earlier (it calls for an additional 3 waves --> UP-DOWN & UP)
Strategy:
Long only if the market stays above 23,680 with a limited position only
SL: 23,620
NIFTY INTRADAY LEVELS FOR 2ND JULY 2024BUY ABOVE - 24160
SL - 24100
TARGETS - 24280,24380,24480
SELL BELOW - 24010
SL - 24100
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24160
Previous Day High - 24160
Previous Day Low - 24010
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.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
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 Intraday (02-Jul-2024)An intraday trading chart for the Nifty 50 Index on July 2, 2024, captured in 15-minute intervals. Here's a detailed overview of the chart:
Candlestick Format: Utilizes candlestick bars to depict price action for each 15-minute period, indicating open, high, low, and close prices.
Exponential Moving Average (EMA): A blue line representing the 20-period EMA is visible, which helps traders identify the trend's direction and dynamic levels of support or resistance.
Trading Signals:
-Buy Signal: A green arrow points upwards, suggesting to buy if the Nifty exceeds 24,150, with an open target potentially reaching or surpassing 24,275.
-Sell Signal: A red arrow pointing downwards indicates a selling opportunity if the index falls below 24,075, with a target of 22,950.
Technical Analysis Overview: The chart illustrates the Nifty's price movements within a sideways to an upward trend, using the EMA line as a reference point for potential support or resistance levels. The annotations provide strategic entry and exit points based on specific price thresholds.
MY VIEW IN NIFTY 50 FOR TOMORROW SETUP(02.07.2024)Hi guys,
Its me Guruzzz
there will be lot of gap up or gap down will happen, a small alteration will makeup
otherwise its nothing to happen in the chart setup
let see for tomorrow guys,...,
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.
Nifty Higher Highs! Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post).
Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on the lifetime chart of Nifty. Interestingly, Fibonacci levels have acted as major #Resistances. We have see big corrections only at these levels. We had expected Nifty to spend some more time at 2.6 Fib levels or 18000. But, Nifty has surpassed this 2.6 Fib Level and now heading towards 3.6 Level or ~24250. Before that I do not foresee any major correction! Note how Quarterly 50 EMA as been the lifeline or rock solid #support, even in time of distress.
On the right, is the post-covid rise of Nifty on Monthly time-frame. I have plotted EMAs and MACD. Very beautifully price has mostly been above monthly 5 EMA to continue its upwards journey. Monthly 13 EMA and 26 EMA have acted like good support, ideal for swing entries. Currently price has broken out of the 2023 #Flag&Pole pattern. Zooming towards the next Target ~24250.
Here I would like to draw your attention on #MACD. The rise after the covid-fall had given us positive crossover. And it is only now that we are getting a positive crossover which has now sustained with the flag breakout and aiming upwards. Isn't it a great confirmation.
It is buy on dips all the way, provided you get those dips now ;-)
Note: Current Monthly candle is still a running candle. It can even close at lower levels or turn negative. So is the case with the Quarterly candle. But this will not change our view. Our view will still be bullish towards our next target ~24250, just that the momentum might get slow and that we might take more time to reach our target.