BankNifty Finally Reversal?BankNifty, after a massive rally of 2400+ points on the CE Buying side, now looks ready for a nice short opportunities (PE Buying side).
I close my CE position today in a good profit and opened a PE buy position. Usually after such big moves, market becomes range-bound. And that, only next week can tell.
So, stay tuned, dont forget to enjoy your weekend.
Trust me, we deserve it.
Niftytrend
A good time to accumulate HFCL?• HFCL is trading at around it's all time high.
• The fundamentals are quite good.
• A breakout on February failed and the prices fell and since February it was trading in a range.
• Finally on 12th June it broke out with promising volumes and now has come down to retest it's breakout level which is between 108.80 - 111.50.
• One can observe the markets tomorrow and plan their entry. Although an entry around 113.50 - 114 should be more convincing.
• Buy and hold it. If the prices fall down, if you can't handle the risk, exit and buy on dip at lower level.
• On dips, first buying zone is around 90. The second is around 84-82.
• Invest doing your own analysis. Thanks
NIFTY INTRADAY LEVELS FOR 28 JUNE 2024BUY ABOVE - 24100
SL - 24010
TARGETS - 24200,24280,24380
SELL BELOW - 24010
SL - 24100
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24100
Previous Day High - 24100
Previous Day Low - 23800
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 Important Levels and Trade Plan - 27 JuneKey Levels:
23,890: Major resistance, strong selling pressure observed.
23,750: Intermediate resistance, potential for minor pullbacks.
23,660: Crucial support, frequently tested during pullbacks.
23,600: Strong support, potential base for upward movement.
Please note: These levels are intended for intraday trading only.
Disclaimer: All information provided is for educational purposes only. We are not SEBI registered. Please consult a SEBI registered financial advisor for your financial matters before making any investment decisions. We are not responsible for any profit or loss incurred.
We appreciate your support and engagement. Please like, comment, and follow to provide encouragement.
Happy trading! 👍
NIFTY INTRADAY LEVELS FOR 27 JUNE 2024BUY ABOVE - 23890
SL - 23840
TARGETS - 24000,24080,24150
SELL BELOW - 23800
SL - 23840
TARGETS - 23750,23700,23660
NO TRADE ZONE - 23800 to 23890
Previous Day High - 23890
Previous Day Low - 23660
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 LEVELS FOR 26 JUNE 2024BUY ABOVE - 23750
SL - 23700
TARGETS - 23800,23870,23930
SELL BELOW - 23700
SL - 23750
TARGETS - 23660,23610,23570
NO TRADE ZONE - 23700 to 23750
Previous Day High - 23750
Previous Day Low - 23570
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 (26-06-2024)Price Levels: The Nifty is trading at 23,721.90, with the high and low for the session being 23,754.15 and 23,715.30, respectively.
Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 23,656.26.
Support and Resistance Levels: The chart displays several horizontal lines indicating key levels:
23,731.65
23,665.85
23,570.05
23,385.50
Trading Signals:
Buy Signal: "Buy Above 23,750; Target Open for 24,000" indicated by a green arrow pointing upward.
Sell Signal: "Sell Below 23,665; Target 23,500" indicated by a red arrow pointing downward.
The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Nifty 50's price movements.
NIFTY - High probability Correction ahead..!!!The move testing the highs of 21st JUN is about to conclude, following which the correction begins in one larger degree. the trendlines & supports can be seen in the charts
Important points of support will be,
SI - 22,665
SII - 22,535 to hold temporarily
SIII - 22,130 ~ 21,830
SL - Any higher moves beyond 23,750
PS: The correction has equally arguable alternate probabilities, to be exact 2.
1. The correction from 20MAR'23 (16,828 levels) - A LP Outcome
2. The Possibility of an extending triangle - meager probable outcome.
*The discussed outcome is highly probable among all these. However, the data from the market's forthcoming sessions are mandatory for confirming the same - to eradicate the alternatives!!!
Short positions can be taken from 23,690 ~ 23,700 levels
Trade Accordingly.
NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels
RI - 23,526 (1.382 FE)
R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!!
RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move
SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case).
TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!).
Trade accordingly
NIFTY INTRADAY LEVELS FOR 25 JUNE 2024BUY ABOVE - 23580
SL - 23500
TARGETS - 23650,23730,23800
SELL BELOW - 23500
SL - 23580
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23500 to 23580
Previous Day High - 23580
Previous Day Low - 23370
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 👍
Banknifty Intraday (25-06-2024)Bank Nifty 15-Minute Intraday Chart for 25 June
Key Levels:
Buy Above 51,824:
Target: 52,000+
Indicates a bullish signal if the price breaks above 51,824.
Sell Below 51,550:
Target: 51,250+
Indicates a bearish signal if the price drops below 51,550.
Observations:
-The chart includes a 20-period Exponential Moving Average (EMA), marked at 51,626.06.
-Current price: 51,709.65 (as of the chart time).
-Resistance Level: 51,817.85.
-Support Levels: 51,287.35 and 50,253.95.
Trading Strategy:
Buy Strategy:
-Enter a long position if the price breaks above 51,824.
-Target a move to at least 52,000 or higher.
Sell Strategy:
-Enter a short position if the price drops below 51,550.
-Target a move to at least 51,250 or lower.
This concise overview can help traders quickly understand the important levels and potential trade opportunities for Bank Nifty on 25 June.
Nifty Intraday (25-06-2024)The chart you've provided is a 15-minute intraday chart for the Nifty 50 Index. Here are the key details and levels:
Key Levels and Zones:
No Trade Zone: Marked in purple, indicating a range where trading is not recommended.
Buy Above 23560: Target 23650+.
Sell Below 23500: Target 23385.
Observations:
-The chart includes a 20-period Exponential Moving Average (EMA).
-Support and resistance levels are clearly marked:
-Resistance at 23,632.10.
-Support at 23,432.10 and 23,336.35.
Trading Strategy:
Buy Strategy:
-Enter a long position if the price breaks above 23,560.
-Target a move to at least 23,650 or higher.
Sell Strategy:
-Enter a short position if the price breaks below 23,500.
- Target a move to at least 23,385.
If you need further analysis or another specific task related to this chart, feel free to ask!
NIFTY INTRADAY LEVELS FOR 24/06/2024BUY ABOVE - 23500
SL - 23430
TARGETS - 23580,23650,23730
SELL BELOW - 23430
SL - 23500
TARGETS - 23370,23300,23230
NO TRADE ZONE - 23430 to 23500
Previous Day High - 23650
Previous Day Low - 23430
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 - [/b ]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 & banknifty June & July 2024Both nifty and banknifty are making a hanging man pattern on weekly chart, which is indicating a caution ahead in the market as the general budget will also be presented in July month . Be ready for the corrective declines and cash to get new holdings and exit from weak fundamental and oversold category stocks.
NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame.
However, the penultimate move is yet to be completed.
The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels
Today support for the upcoming penultimate move will be,
SI - 23,442.60
SII - 23,435 ~ 417
SIII - 23,382
NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade).
The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin.
Trade accordingly.