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NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 22500 SL - 22420 TARGETS - 22550,22600,22650 SELL BELOW - 22420 SL - 22500 TARGETS - 22350,22300,22230 NO TRADE ZONE - 22500 to 22550 Previous Day High - 22700 Previous Day Low - 22420 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY Prediction Levels, Whats Next?Here is an interesting chart of NIFTY in 15 min time frame. I am currently in a nice profitable SHORT position. However, markets are very unpredictable around the election results, so I may lose all profits thats currently unrealized. I am willing to take that risk after coming from a 1300+ points BankNifty points gain and 600+ nifty points gain. Let's see the firework thats gonna start soon in the market. Disclaimer: Because election results are very near, please be careful with your position sizing. All the best.
NSE:NIFTY
by ProfitsNinja
Long Apollo Hospitals above the +BB until BSL If the monthly FVG holds by the end of this month and we see a strong displacement to the upside taking out the breaker block, leaving a good FVG in lower timeframe for entry model - This would give confirmation of the MMBM model. Buy side liquidity could push prices lower as a strong resistance from the order block could be seen. This is a swing trade and depending on overall market momentum and sentiment the trade could vary from 3-8 weeks. Price likely to go higher and a conservative RR of 1:2 Let's see how this works out and if we're aligned with smart money
NSE:APOLLOHOSPLong
by Vishal_kudva
1
BANK NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 48660 SL - 48540 TARGETS - 48860,49050,49290 SELL BELOW - 48400 SL - 48660 TARGETS - 48250,48110,47990 NO TRADE ZONE - 48400 to 48660 Previous Day High - 49050 Previous Day Low - 48400 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 22760 SL - 22700 TARGETS - 22800,22850,22900 SELL BELOW - 22700 SL - 22760 TARGETS - 22640,22590,22550 NO TRADE ZONE - 22700 to 22760 Previous Day High - 22850 Previous Day Low - 22700 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 👍
NSE:NIFTY
by Jagadheesh_JP
Coromandel International (NSE: COROMANDEL) ForecastWait for the weekly close Based on the daily chart for Coromandel International (NSE: COROMANDEL), here is the summary: Key Levels: - Breakout Level: Around 1287-1290 Current Price: - Current Price: 1287.85 Chart Analysis: 1. Ascending Triangle Pattern: The stock has formed an ascending triangle pattern, a bullish continuation pattern, which it has recently broken out of. 2. Breakout Confirmation: The breakout from the ascending triangle indicates a potential upward move. 3. Targets: - Short-Term Target 1: 1320 - Short-Term Target 2: 1380 - Long-Term Target 1: 1450 - Long-Term Target 2: 1700 Strategy: - Entry: The stock has already broken out of the ascending triangle. A potential entry point would be on a pullback to the breakout level (around 1287-1290) or on confirmation of sustained upward momentum. - Stop Loss: Consider placing a stop loss below the breakout level, around 1260, to manage risk. - Targets: - For short-term trades, consider taking profits at 1320 and 1380. - For long-term trades, the targets are 1450 and 1700. Conclusion: - The stock has shown a strong bullish breakout from the ascending triangle pattern. The breakout suggests a continuation of the upward trend, with short-term targets at 1320 and 1380, and longer-term targets at 1450 and 1700. Monitoring the price action around the breakout level is crucial for confirming the trend and making informed trading decisions.
NSE:COROMANDELLong
by The90sTraderOfficial
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday. Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results. And why not, market being driven by fundamentals in full power and josh. A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically. So, BTST traders, you better watch out and be careful. Risk management is key. Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal. NO POSITION IS ALSO A POSITION! So, be careful, and enjoy the fireworks, gonna start any time now.
NSE:NIFTY
by ProfitsNinja
Castrol India (NSE: CASTROLIND) ForecastBased on the 4-hour chart for Castrol India (NSE: CASTROLIND), here is the summary: Key Levels: - Resistance Zone: 200-210 - Support Zone: 175-185 Current Price: - Current Price: 187.65 Chart Analysis: 1. Downtrend: The stock has been in a downtrend, as indicated by the descending trendline. 2. Support Zone: The stock has reached a support zone between 175-185, where it has shown some consolidation. 3. Potential Bounce: If the stock finds strong support and breaks above the descending trendline, it could head towards the resistance zone. - Buy Target (TP): 207 4. Bearish Scenario: If the stock fails to hold the support and breaks below 182.85, it could fall further towards the lower end of the support zone. - Sell Target (TP): 175 Strategy: - Wait for Breakout and Weekly Close: It is suggested to wait for a breakout above the descending trendline and a weekly close above this level to confirm the trend reversal before entering a buy position. - Buy Position: If the stock breaks above the trendline and closes above 190 with good volume, consider buying with a target of 207. - Sell Position: If the stock breaks below the immediate support level of 182.85, consider selling with a target of 175. Conclusion: - The stock is at a critical juncture, and the next few trading sessions will be crucial in determining its direction. Monitoring the price action around the support zone and the descending trendline is essential for making informed trading decisions.
NSE:CASTROLINDShort
by The90sTraderOfficial
BANK NIFTY INTRADAY LEVELS FOR 29 MAY 2024BUY ABOVE - 49290 SL - 49050 TARGETS - 49480,49670,49850 SELL BELOW - 49050 SL - 49290 TARGETS - 48800,48620,48460 NO TRADE ZONE - 49050 to 49290 Previous Day High - 49480 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 29 MAY 2024BUY ABOVE - 22950 SL - 22900 TARGETS - 23000,23100,23180 SELL BELOW - 22850 SL - 22900 TARGETS - 22780,22710,22640 NO TRADE ZONE - 22850 to 22950 Previous Day High - 23000 Previous Day Low - 22850 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 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 22960 SL - 22910 TARGETS - 23020,23100,23180 SELL BELOW - 22910 SL - 22960 TARGETS - 22850,22780,22780 NO TRADE ZONE - 22910 to 22960 Previous Day High - 23100 Previous Day Low - 22910 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 👍
NSE:NIFTY
by Jagadheesh_JP
Coromandel International Ltd. (ticker: COROMANDEL) ForecastThe provided chart is a 4-hour candlestick chart for Coromandel International Ltd. (ticker: COROMANDEL) on the National Stock Exchange (NSE). Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: 4-hour - Data Range: From early January 2024 to late May 2024 Price Analysis: - Current Price: ₹1,246.25 - Price Movement: The stock has shown a mix of uptrend and consolidation phases within the given period. Technical Patterns and Indicators: - Double Top Formation: - The chart shows a clear double top pattern, indicating a potential bearish reversal. The double top is formed around the ₹1,280.00 level. - The two peaks marked by red arrows show the double top pattern within the resistance zone. - Support and Resistance Zones: - Resistance Zone: The area between ₹1,250.00 and ₹1,280.00 is highlighted as a resistance zone, where the price has faced selling pressure. - Support Zone: A significant support zone is marked around ₹1,120.00 to ₹1,040.00, which acted as a strong support level earlier in the year. - Trendlines: - An upward-sloping trendline can be seen connecting the higher lows from mid-March to May 2024. - Another trendline connecting the higher highs forms a rising wedge pattern, indicating a potential bearish breakout. - Sell Trigger and Target: - A sell trigger is indicated at the break below the minor support level around ₹1,230.00. - Target Price: The sell target (TP) is marked at ₹1,180.00, suggesting a bearish move towards this level after breaking the support. Key Levels: - Resistance Levels: - Immediate resistance at the double top region around ₹1,280.00. - Another resistance level within the resistance zone at ₹1,250.00. - Support Levels: - Immediate support at around ₹1,230.00, where a minor consolidation can be seen. - Further support at the major support zone around ₹1,120.00 to ₹1,040.00. Trade Setup: - Bearish Scenario: The double top formation suggests a potential bearish scenario. If the price breaks below the minor support level of ₹1,230.00 and the trendline support, a move towards the sell target at ₹1,180.00 is likely. - Bullish Scenario: For a bullish outlook, the price needs to break and sustain above the resistance zone at ₹1,280.00. This could invalidate the double top pattern and suggest further upside potential. Conclusion: The chart for Coromandel International Ltd. indicates a potential bearish scenario with the formation of a double top pattern around ₹1,280.00 and a rising wedge. A break below the immediate support level of ₹1,230.00 could trigger a move towards the sell target at ₹1,180.00. Traders should look for confirmed breakouts from key levels to make informed trading decisions. The resistance zone around ₹1,250.00 to ₹1,280.00 and the support levels at ₹1,230.00 and ₹1,120.00 to ₹1,040.00 are crucial levels to watch.
NSE:COROMANDELShort
by The90sTraderOfficial
Container Corporation of India Ltd (ticker: CONCOR) ForecastThe chart provided is a 4-hour candlestick chart for Container Corporation of India Ltd (ticker: CONCOR) on the National Stock Exchange (NSE). Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: 4-hour - Data Range: From early February 2024 to mid-June 2024 Price Analysis: - Current Price: ₹1,102.00 - Price Movement: The stock has been in an uptrend since mid-March 2024. The chart shows a series of higher highs and higher lows, indicating an uptrend. Technical Patterns and Indicators: - Elliott Wave Analysis: - The chart appears to be annotated with Elliott Wave counts. - Wave (1): The first upward wave starting from the mid-March low. - Wave (2): A corrective wave that retraced some of the gains of Wave (1). - Wave (3): A strong upward wave that broke the previous high set by Wave (1). - Wave (4): A corrective wave following Wave (3), not reaching the low of Wave (2). - Wave (5): The final upward wave, which is currently forming. - Rising Wedge Pattern: - The price action appears to be forming a rising wedge pattern, with the upper trendline connecting the highs and the lower trendline connecting the lows. - Upper Trendline Resistance: Around ₹1,125.00 to ₹1,130.00 - Lower Trendline Support: Around ₹1,065.00 to ₹1,075.00 Key Levels: - Resistance Levels: - Immediate resistance at the upper trendline of the rising wedge, approximately around ₹1,125.00 to ₹1,130.00. - Psychological resistance at ₹1,150.00. - Support Levels: - Immediate support at the lower trendline of the rising wedge, around ₹1,065.00 to ₹1,075.00. - Further support at previous swing lows near ₹1,020.00 and ₹990.00. Trade Setup: - Bullish Scenario: If the price breaks above the upper trendline of the rising wedge and sustains above this level, it could indicate further upside potential. The next resistance levels to watch would be ₹1,150.00 and beyond. - Bearish Scenario: If the price breaks below the lower trendline of the rising wedge, it could signal a potential reversal or deeper correction. The next support levels to watch would be around ₹1,020.00 and ₹990.00. Conclusion: The chart for Container Corporation of India Ltd shows the stock in an uptrend, forming an Elliott Wave pattern and a rising wedge. The key levels to watch include the resistance at the upper trendline of the wedge around ₹1,125.00 to ₹1,130.00 and the support at the lower trendline around ₹1,065.00 to ₹1,075.00. A breakout above the upper trendline could suggest further upside, while a breakdown below the lower trendline could indicate a potential reversal or correction. Traders should look for confirmed breakouts in either direction to make informed trading decisions.
NSE:CONCORShort
by The90sTraderOfficial
4
BANK NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 49010 SL - 48800 TARGETS - 49250,49480,49610 SELL BELOW - 48800 SL - 49010 TARGETS - 48620,48460,48250 NO TRADE ZONE - 48800 to 49010 Previous Day High - 49010 Previous Day Low - 48620 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) ForecastThe stock chart for BAJAJ AUTO LTD - NSE (BAJAJ-AUTO) reveals interesting patterns and potential trading strategies: 1. Symmetrical Triangle Pattern: - The chart displays a symmetrical triangle formed by converging trend lines. - This pattern suggests a continuation of the existing trend. - Traders should wait for a breakout from this triangle before making any moves. 2. Trading Strategies: - Long Position: - Consider buying if the price moves above a certain level. - Target price for a long position: 3900. - Short Position: - Sell short if the price falls below a specific level. - Target price for a short position: 3500. 3. Current Price: - BAJAJ AUTO LTD is currently trading at 8948.20. Remember, this analysis is based on technical patterns, and actual market behavior may vary. Always use additional indicators and risk management techniques when trading stocks.
NSE:BAJAJ_AUTOLong
by The90sTraderOfficial
3
SWING IDEA - ANUPAM RASAYAN INDIAConsider a promising swing trade opportunity in Anupam Rasayan India , a leading specialty chemicals manufacturer. Reasons are listed below : Strong Support Zone at 800-850 : Anupam Rasayan India has a strong support zone established at 800-850, indicating significant buying interest and potential reversal points. Hammer Candle on Weekly Timeframe : The presence of a hammer candlestick pattern on the weekly timeframe suggests potential bullish reversal and buying interest at lower levels. 0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candlestick pattern observed on the daily timeframe indicates strong buying momentum and potential upward movement. Strong Volumes : The significant increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Anupam Rasayan India. Target - 970 // 1080 // 1220 StopLoss - weekly close below 782 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
NSE:ANURASLong
by Visionary_Growth_Insights
Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) ForecastThe chart provided is a daily candlestick chart for Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) on the National Stock Exchange (NSE). Here's a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily - Data Range: From mid-2023 to mid-2024 Price Analysis: - Current Price: ₹8,031.95 - Price Movement: The stock has experienced a gradual upward trend with periodic corrections. - The price reached a peak near ₹10,000 in early 2024 and has since been consolidating in a symmetrical triangle pattern. Technical Patterns and Indicators: - Symmetrical Triangle: The stock is forming a symmetrical triangle pattern, characterized by converging trendlines. - Upper Trendline Resistance: Formed by lower highs since early 2024. - Lower Trendline Support: Formed by higher lows since mid-2023. - This pattern often precedes a breakout in either direction. Key Levels and Future Projections: - Resistance Levels (Take Profit Targets): - BUY TP1: ₹9,400.00 - BUY TP2: ₹10,400.00 - BUY TP3: ₹12,100.00 - Support Levels: - Immediate Support: Around the lower trendline of the symmetrical triangle. - Further Support: If the price breaks below the lower trendline, previous support levels around ₹7,600 to ₹7,800 could be tested. Trade Setup: - Bullish Scenario: If the price breaks above the upper trendline of the symmetrical triangle and sustains above this level, it could potentially move towards the identified resistance levels (TP1, TP2, and TP3). This would confirm a bullish breakout from the symmetrical triangle pattern. - Bearish Scenario: If the price fails to break above the upper trendline and instead breaks below the lower trendline, it could indicate a potential downside move towards the next support levels. Conclusion: The chart for Bajaj Holdings & Investment Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant upward trend. Key levels to watch include the upper trendline resistance and the lower trendline support. A breakout above the upper trendline could signal a bullish move towards ₹9,400, ₹10,400, and ₹12,100. Conversely, a breakdown below the lower trendline could suggest potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.
NSE:BAJAJHLDNGLong
by The90sTraderOfficial
Axis Bank (ticker: AXISBANK) ForecastThe chart provided is a daily candlestick chart for Axis Bank (ticker: AXISBANK) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily - Data Range: From around September 2023 to mid-2024 Price Analysis: - Current Price: ₹1,174.00 - Price Movement: The stock has shown notable price movements over the period. - The price had a significant rally from around ₹900 in October 2023 to a high near ₹1,225 in early 2024. - Post the high, the stock has been in a consolidation phase with a downward trend, forming lower highs and lows. Technical Patterns and Indicators: - Descending Channel: The stock price has been moving within a descending channel from the high in early 2024. - Upper Trendline Resistance: Around ₹1,182 - Lower Trendline Support: Around ₹1,106 - Fibonacci Retracement Level: Applied from the recent swing high to low. - 0.618 Level: ₹1,152.90 - 0.5 Level: ₹1,143.90 - 1 Level: ₹1,182.05 Key Levels and Future Projections: - Resistance Levels: - Immediate Resistance: ₹1,182.05, which aligns with the upper trendline of the descending channel and Fibonacci level. - Major Resistance: ₹1,228.80, which is close to the previous high. - Support Levels: - Immediate Support: Around ₹1,143.90 to ₹1,152.90 (Fibonacci levels). - Major Support: Around ₹1,106, aligning with the lower trendline of the descending channel. Trade Setup: - Bullish Scenario: If the price breaks above the immediate resistance at ₹1,182.05 and sustains above this level, it could potentially move towards the major resistance at ₹1,228.80. - Bearish Scenario: If the price fails to break above the immediate resistance and moves below the Fibonacci support levels (₹1,143.90 - ₹1,152.90), it might test the lower trendline support around ₹1,106. Conclusion: The chart for Axis Bank shows the stock in a consolidation phase within a descending channel following a strong rally. Key levels to watch include the immediate resistance at ₹1,182.05 and the Fibonacci support levels. A breakout above ₹1,182.05 could signal a bullish move towards ₹1,228.80. Conversely, failure to break this resistance and a move below the Fibonacci support levels could indicate a bearish trend towards ₹1,106. Traders should look for a confirmed breakout in either direction to make trading decisions.
NSE:AXISBANKLong
by The90sTraderOfficial
1
Apollo Tyres (ticker: APOLLOT)The chart provided is a daily candlestick chart for Apollo Tyres (ticker: APOLLOT) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily - Data Range: From around October 2023 to mid-2024 Price Analysis: - Current Price: ₹481.65 - Price Movement: The stock price has shown a significant upward trend followed by a period of consolidation. - The price increased from around ₹300 in October 2023 to a high of approximately ₹560 in early 2024. - Since reaching this high, the stock has been consolidating, forming lower highs and higher lows, indicative of a symmetrical triangle pattern. Technical Patterns: - Symmetrical Triangle: The chart displays a symmetrical triangle pattern, characterized by converging trendlines of lower highs and higher lows. This pattern suggests a period of consolidation before a potential breakout. - Upper Trendline Resistance: Around ₹500 - Lower Trendline Support: Around ₹460 Trade Setup: - Wait for Breakout: The chart suggests waiting for a "perfect breakout" from the symmetrical triangle pattern. This breakout will signal the next potential move in the stock price. - Bullish Scenario: If the price breaks above the upper trendline resistance (around ₹500), it could indicate a continuation of the previous uptrend. - Buy Target Price (TP): ₹555, which is slightly below the recent high of ₹556.35. - Bearish Scenario: If the price breaks below the lower trendline support (around ₹460), it could signal a downward move. - Sell Target Price (TP): ₹415, which is a previous support level. Conclusion: The chart for Apollo Tyres shows a symmetrical triangle pattern, indicating a period of consolidation following an uptrend. Traders should wait for a breakout from this pattern to determine the next move. A breakout above ₹500 would suggest a bullish trend with a target price of ₹555. Conversely, a breakdown below ₹460 would suggest a bearish trend with a target price of ₹415. The key action is to wait for a confirmed breakout in either direction before making a trading decision.
NSE:APOLLOTYRELong
by The90sTraderOfficial
Apollo Hospitals (ticker: APOLLOH) ForecastThe chart provided is a weekly candlestick chart for Apollo Hospitals (ticker: APOLLOH) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Weekly - Data Range: From around early 2022 to mid-2024 Price Analysis: - Current Price: ₹5,914.35 - Price Movement: The stock price has experienced significant volatility over the depicted period. - The price fell sharply from around ₹6,000 in early 2022 to below ₹4,000. - It then gradually recovered, forming a steady upward trend reaching a high of around ₹7,000 in early 2024. - Recently, the price has declined from the peak and is showing some consolidation around the ₹5,914 level. Technical Patterns: - Support and Resistance: - Support: The area around ₹5,750 to ₹5,850 has acted as a support zone recently. - Resistance: The price faced resistance around ₹6,000, as indicated by multiple touches and rejections at this level. - Descending Triangle: A descending triangle pattern is visible from the recent high near ₹7,000. The price is consolidating within this triangle, characterized by lower highs and a relatively horizontal support line around ₹5,750-₹5,850. Potential Future Movements: - Bullish Scenario: If the price breaks above the descending triangle and crosses the resistance at ₹6,000, it could indicate a potential upward movement, possibly retesting previous highs around ₹7,000. - Bearish Scenario: If the price breaks below the support zone of ₹5,750, it might lead to a further decline, with the next major support level potentially around ₹5,250 to ₹5,000. Conclusion: The chart shows that Apollo Hospitals' stock has been consolidating in a descending triangle pattern after a strong uptrend. Traders should watch for a breakout above the resistance at ₹6,000 for a bullish signal or a breakdown below the support at ₹5,750 for a bearish signal. The stock is currently at a critical juncture, and its next move will likely be significant in determining its short to mid-term trend.
NSE:APOLLOHOSPLong
by The90sTraderOfficial
Bata India Ltd. (BATAINDIA) Sell StrategyThe chart shows a weekly candlestick pattern for Bata India Ltd. (BATAINDIA) on the NSE, with the current price at INR 1355.95. The chart is exhibiting a downward trend and suggests a bearish outlook based on key technical indicators. Key Observations: 1. Current Price and Trend: - The current price is INR 1355.95, with a recent decline of 1.32%. - The stock has been in a downtrend, as indicated by the descending trendline. 2. Support and Resistance Levels: - Immediate resistance is around INR 1379.20. - Support levels are marked at INR 1223.55 and a lower support level at INR 998.30. 3. Descending Trendline: - The stock has been following a descending trendline from its peak, indicating continued bearish momentum. - This trendline acts as a resistance level, preventing the stock from moving higher. 4. Trade Strategies: - Bearish Scenario: - The stock is currently below the descending trendline, suggesting further downside potential. - If the price fails to break above the resistance at INR 1379.20, it may continue to decline towards the support levels at INR 1223.55 and potentially down to INR 998.30. - Sideways Movement: - The price may experience some consolidation between INR 1379.20 and INR 1223.55 before making a decisive move. - Traders should watch for a breakout or breakdown from this range to determine the next direction. Summary: The weekly chart of Bata India Ltd. shows a clear downtrend, with the stock struggling to break above the descending trendline. Immediate resistance is at INR 1379.20, and the stock is likely to find support at INR 1223.55 and INR 998.30. Traders should be cautious and watch for a breakout above the trendline for any bullish indications, but the current outlook suggests a bearish trend with further downside potential if the price fails to hold above the immediate support levels.
NSE:BATAINDIAShort
by The90sTraderOfficial
BANK NIFTY INTRADAY LEVELS FOR 23 MAY 2024BUY ABOVE - 47990 SL - 47860 TARGETS - 48110,48250,48460 SELL BELOW - 47760 SL - 47860 TARGETS - 47580,47400,47200 NO TRADE ZONE - 47760 to 47990 Previous Day High - 48110 Previous Day Low - 47400 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
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