Nse
BANK NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 49910
SL - 49670
TARGETS - 50100,50250,50550
SELL BELOW - 49670
SL - 49910
TARGETS - 49480,49290,49050
NO TRADE ZONE - 49670 to 49910
Previous Day High - 50250
Previous Day Low - 49670
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.
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NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 23300
SL - 23230
TARGETS - 23410,23500,23600
SELL BELOW - 23230
SL - 23300
TARGETS - 23150,23080,23000
NO TRADE ZONE - 23230 to 23300
Previous Day High - 23410
Previous Day Low - 23230
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 👍
BANK NIFTY INTRADAY LEVELS FOR 10 JUNE 2024BUY ABOVE - 49940
SL - 49670
TARGETS - 50130,50330,50590
SELL BELOW - 49670
SL - 49940
TARGETS - 49480,49290,49050
NO TRADE ZONE - 49670 to 49940
Previous Day High - 49940
Previous Day Low - 49050
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 10 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23420,23500,23600
SELL BELOW - 23170
SL - 23270
TARGETS - 23080,23000,22900
NO TRADE ZONE - 23170 to 23340
Previous Day High - 23340
Previous Day Low - 22800
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 👍
Voltas Ltd (VOLTAS) AnalysisThe chart provided is of Voltas Ltd (VOLTAS) listed on the National Stock Exchange (NSE) of India, on a weekly timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The stock was in a consolidation phase from mid-2021 to early 2023, trading in a range between approximately 1000 and 1300.
- Recently, the stock has shown strong bullish momentum, breaking out of this range and moving upwards.
2. Support and Resistance Levels:
- Support:
- Major support around 1327.60 and 1251.05.
- Resistance/Targets:
- Target 1: 1540.70 (61.8% Fibonacci retracement level)
- Target 2: 1721.55 (100% Fibonacci extension level)
- Target 3: 2012.15 (161.8% Fibonacci extension level)
3. Breakout:
- The stock has broken above the resistance level around 1327.60, indicating a potential bullish trend continuation.
- The breakout is accompanied by strong bullish candles, confirming the move.
4. Chart Patterns:
- There was a long consolidation period that formed a base, and the recent breakout suggests the beginning of a new uptrend.
- The stock appears to be forming higher highs and higher lows, a characteristic of an uptrend.
5. Fibonacci Retracement and Extension Levels:
- The chart shows Fibonacci retracement and extension levels, which provide potential target areas based on the recent price action.
- The 61.8% retracement level at 1540.70 is a key resistance level to watch.
- The 100% and 161.8% extension levels at 1721.55 and 2012.15, respectively, are further targets in case the bullish momentum continues.
6. Current Price Action:
- The current price is 1451.50, which is just above a key resistance level at 1485.85 (50% Fibonacci retracement level).
- The stock showed a strong weekly gain of 6.75%, indicating strong bullish sentiment.
Summary:
The chart of Voltas Ltd (VOLTAS) indicates a strong bullish breakout from a long consolidation phase, with the current price at 1451.50. Key support levels are at 1327.60 and 1251.05, while key resistance levels and targets are at 1540.70, 1721.55, and 2012.15. The recent breakout and strong bullish candles suggest the potential for further upside, with Fibonacci levels providing clear targets for future price action. The stock is currently showing strong bullish momentum, with higher highs and higher lows indicating an uptrend.
SWING IDEA - JUBILANT INGREVIA LTDConsider a promising swing trade opportunity in Jubilant Ingrevia , a leading player in the specialty chemicals industry.
Reasons are listed below :
Breakout from Strong Resistance : Successfully breaking through the 500-520 resistance zone after multiple tests, indicating potential bullish momentum.
Bullish Marubozu Candle : Strong buying momentum signaled by a bullish Marubozu candlestick pattern on the daily timeframe.
Increased Volumes : Notable spike in trading volumes reflects growing market interest and potential accumulation by investors.
Breakout from Consolidation : Breaking out of a 7-month consolidation phase, signaling a shift in market sentiment and potential for sustained upward movement.
Higher High Formation : Consistently forming higher highs, indicating increasing bullish momentum and potential for further gains.
Trading Above 50 and 200 EMA : Trading above both the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe, confirming bullish bias and potential for trend continuation.
Target - 590 // 645
Stoploss - daily close below 490
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HINDUSTAN PETROLThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products.
Reasons are listed below :
Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating strong buying interest and potential reversal points.
Double Bottom Pattern : The formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment.
Bullish Marubozu Candle : A bullish Marubozu candlestick pattern indicates strong buying momentum and potential upward movement in HPCL's stock price.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Engulfed 11 Daily Candles : The bullish engulfing pattern, engulfing 11 previous daily candles, reinforces the bullish sentiment and indicates potential for a significant uptrend.
Higher Highs : Consistent formation of higher highs reflects increasing bullish momentum and reinforces the potential for further gains in HPCL.
Target - 530 // 595
Stoploss - weekly close below 449
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
BANK NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 51100
SL - 50950
TARGETS - 51300,51500,51700
SELL BELOW - 50730
SL - 50950
TARGETS - 50590,50330,50130
NO TRADE ZONE - 50730 to 51100
Previous Day High - 51100
Previous Day Low - 50130
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 04 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23400,23500,23600
SELL BELOW - 23200
SL - 23270
TARGETS - 23100,23000,22900
NO TRADE ZONE - 23200 to 23340
Previous Day High - 23340
Previous Day Low - 23100
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 👍
ADANIPOWER LONGBeautiful Setup. Keep an eye on it.
Flag Pattern visible.
Breakout expected.
Good for Short Term.
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
BANK NIFTY INTRADAY LEVELS FOR 03 JUNE 2024BUY ABOVE - 49050
SL - 48860
TARGETS - 48550,48340,48200
SELL BELOW - 48680
SL - 48860
TARGETS - 48550,48340,48200
NO TRADE ZONE - 48680 to 49050
Previous Day High - 49050
Previous Day Low - 48550
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 👍
NBCC Long Term Outlook.Picture Perfect Weekly and Monthly Closing. India on the cusps of Making History again as stable govt. is about to get re-elected for a third consecutive term. I am expecting a 4-5 times kind of return from the current date i.e. 01.06.2024. Time frame should be 3 Years. See you all in 2028.
SWING IDEA - MAHARASHTRA SEAMLESSMaharashtra Seamless , a leading manufacturer of seamless pipes in India, is showing technical patterns that suggest a potential swing trading opportunity.
Reasons are listed below :
Support at 800 Level : The 800 level has proven to be a strong support zone, indicating significant buying interest at this price point.
0.382 Fibonacci Level Support : The price has found support at the 0.382 Fibonacci retracement level, suggesting a potential reversal or continuation of the uptrend from this key level.
50 EMA on Weekly Timeframe : The stock is trading around the 50-week exponential moving average, which acts as a support level and indicates a long-term uptrend.
Bullish Marubozu Candle on Daily Timeframe : The recent daily candle is a bullish marubozu, characterized by a lack of shadows, indicating strong buying pressure and potential for further upward movement.
200 EMA Support on Daily Timeframe : The stock is also finding support at the 200-day exponential moving average, which reinforces the overall bullish sentiment and provides additional support for the uptrend.
Target - 965 // 1095
Stoploss - weekly close below 735
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - BSE LTDBSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound.
Bullish Marubozu Candle : The recent formation of a bullish marubozu candle, characterized by little to no shadows, indicates strong buying pressure and a potential for continued upward movement.
50 EMA Support : The stock is finding support at the 50-day exponential moving average, which reinforces the overall bullish sentiment and provides a reliable support level.
0.5 Fibonacci Support : The price has found support at the 0.5 Fibonacci retracement level, indicating that this key level is acting as a strong base for a potential bounce back.
Target - 3070 // 3250
Stoploss - Daily close below 2570
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights