Get started

Nse

SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
SWING IDEA - CHAMBAL FERTILIZERSChambal Fertilizers , a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators. Reasons are listed below : Break of Cup and Handle Pattern : A classic bullish continuation pattern indicating potential for a significant upside. Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure. 500 Zone Breakout : The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength. Prolonged Consolidation Breakout : The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation. Target - 675 Stoploss - weekly close below 440 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:CHAMBLFERTLong
by Visionary_Growth_Insights
JIOFIN 1D TFAs discussed in the previous posts NSE:JIOFIN , which came back after gaining liquidity from the demand zone is now forming a trend line with 3 touch points. The stock could be traded once it breaks out of the trend line. A good risk reward ratio of 1:1.5 can be gained from this trade. We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:JIOFINLong
by Joassh
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:COALINDIAShort
by Joassh
SWING IDEA - RATNAMANI MET AND TUBRatnamani Metals & Tubes, a leading manufacturer of stainless steel and carbon steel welded pipes and tubes, is showing a potential swing trade setup with several bullish technical signals. Reasons are listed below : 3800 Zone Break Out : The 3800 level has acted as a strong resistance zone. The price is now breaking through this level, signaling the possibility of a continued upward move. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle indicates strong buying interest, suggesting momentum may continue. Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, indicating overall bullish strength and long-term trend support. Intact Trend : The broader trend remains intact, indicating that the current momentum is in line with the stock’s longer-term trajectory. Gradual Increase in Volumes : A steady rise in volumes adds confirmation to the breakout, showing strong market participation in this move. Target - 4270 // 4800 Stoploss - daily close below 3400 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:RATNAMANILong
by Visionary_Growth_Insights
SWING IDEA - CAPLIN POINT LABORATORIESCaplin Point Laboratories , a leading pharmaceutical company known for its strong presence in regulated and emerging markets, presents a promising swing trade opportunity based on the following technical factors: Reasons are listed below : 2100 Resistance Break : The stock has decisively broken the 2100 resistance level, signaling strength and potential for further upside. Head and Shoulder Pattern Breakout : A classic bullish reversal pattern, indicating a continuation of the uptrend. Bullish Marubozu Candle : A strong bullish candle on the daily timeframe showcases significant buying interest and momentum. Trading Above Key Moving Averages : The price is comfortably above the 50 and 200 EMAs on the daily timeframe, reinforcing the bullish sentiment. Target - 2390 // 2600 Stoploss - daily close below 2060 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:CAPLIPOINTLong
by Visionary_Growth_Insights
BANKBARODA 1D TFIn the previous post, NSE:BANKBARODA broke an resistance and moved up. Hence we suggested a long position, but it was a false breakout and the stock turned towards the opposite direction. Though I didn't post, I took a trade thinking that this false breakout is liquidity gained by sellers in order to move down. As expected the stock came down again, once it broke down the resistance turned support, I took the entry. A good R:R was captured. Hence I just wanted to share this to you, so that we can trade such entries in the future together. We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:BANKBARODAShort
by Joassh
SWING IDEA - APTUS VALUE HOUSING Aptus Value Housing Finance , a leading home loan provider focusing on affordable housing, is showing promising signs for a swing trading opportunity. Reasons are listed below : 370-390 Zone Breakout : This level has been tested multiple times, and the stock is now attempting to break out, indicating potential for further upward movement. Breaking Consolidation Zone of 3+ Years : The price is emerging from a prolonged consolidation phase, which could lead to a new bullish trend. Higher Highs and Higher Lows : The trend remains intact with consistent upward movements, suggesting continued strength. Trading Above Weekly 50 and 100 EMA : The stock is trading above these key moving averages, reinforcing the bullish outlook. New All-Time High : The stock has made a new all-time high, reflecting strong market sentiment. Volume Spike : A noticeable increase in trading volume indicates increased buying interest. Target - 450 // 510 Stoploss - weekly close below 335 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:APTUSLong
by Visionary_Growth_Insights
UPL Ltd. (NSE: UPL) AnalysisOverview: UPL Ltd. is currently trading at ₹545.50, showing signs of consolidation near its short-term moving averages. The price is poised at a critical level with a potential for either a breakout or a breakdown, depending on market dynamics and volume activity. Technical Insights: 1.Support and Resistance Levels: Immediate Support: ₹528 (marked by recent lows and a strong demand zone). Key Resistance: ₹549.50 (current level) and ₹584.05 (previous swing high and significant supply zone). 2.Volume Profile: The visible range volume profile indicates a concentration of volume between ₹540-₹550, suggesting this zone as a pivot for future price action. A breakout above ₹549.50 could attract higher volumes, pushing the stock towards ₹584. 3.Moving Averages: The stock is near its 20-day and 50-day EMAs, indicating a neutral short-term trend. A clear break above the 200-day EMA would signal a shift in momentum towards the bulls. 4.RSI (Relative Strength Index): RSI is hovering around 50, indicating a lack of strong momentum. A breakout above resistance could drive RSI towards overbought territory, confirming bullishness. Scenarios: Bullish Case: A breakout above ₹549.50 with high volumes could see the stock targeting ₹584.05 in the short term. Sustained momentum may lead to further upside towards ₹600. Bearish Case: Failure to sustain above ₹549.50 might result in a pullback to ₹528. A breakdown below ₹528 could open doors for lower levels, around ₹510. Trading Plan: Entry: Bullish: Above ₹550 for targets of ₹584 and ₹600. Bearish: Below ₹528 for targets of ₹510. Stop-Loss: Bullish: ₹535. Bearish: ₹540. Final Thoughts: UPL Ltd. is at a crucial level with a well-defined risk-reward setup. Traders should wait for confirmation of direction with strong volume support before taking positions. Monitor global agrochemical sector trends and news for potential catalysts.
NSE:UPLShort
by AngshumanSaikia
Zydus Lifesciences (NSE:ZYDUSLIFE)Overview: Zydus Lifesciences is currently at an interesting juncture, with signs of a potential reversal from recent lows. The price action suggests a possible recovery towards higher resistance levels, supported by technical indicators and market sentiment. Nomura's revised price target of ₹1,030, while maintaining a Neutral rating, aligns with this view. Key Levels to Watch: Current Price: ₹966.65 Immediate Support (SL): ₹902.55 Key Resistance Zones: ₹1,008.35, ₹1,041.45, and ₹1,102.15 Technical Analysis: Volume Profile: The visible range volume profile shows significant accumulation near ₹1,000, which could act as a strong magnet for the price. Moving Averages: The stock has started reclaiming its short-term moving averages. A breakout above the 200-day MA would confirm bullish momentum. RSI (Relative Strength Index): The RSI is trending upwards, indicating improving bullish momentum. Divergence suggests a potential reversal. Price Action: The formation of higher lows near ₹949 reinforces the possibility of a short-term recovery. Trading Strategy: Entry Zone: Between ₹950 and ₹970, as the stock shows stability near support levels. Stop-Loss: Strict stop-loss at ₹902.55 to limit downside risk. Targets: Target 1: ₹1,008.35 Target 2: ₹1,041.45 Extended Target: ₹1,102.15 Risk Management: Position size will depend on risk tolerance, ensuring a Risk-Reward ratio of at least 1:2. Avoid chasing the price above ₹970 if momentum wanes. Final Thoughts: Zydus Lifesciences presents a favorable risk-reward scenario with clear technical signals for a rebound. However, macroeconomic factors and sector performance will play a critical role in sustaining the move. Traders should monitor price action near the resistance zones closely for signs of continuation or rejection.
NSE:ZYDUSLIFELong
by AngshumanSaikia