ZOMATO- KEY PRICE LEVELSThe entire move from the Flash crash level of JUNE 4 on ZOMATO
Targets at lower levels marked, should hit the 0.618 FIB level if we see move below 226 where it stopped yesterday.
May not break 200-207, wick down to 200 possible but likely to hold barring a major sell off
Stops below 200 for short term trades when it does come down to 210 odd
Nsestocks
A NEAR PSYCHOLOGICAL SUPPORT SEEN IN NSE: JBMA AUTO 🔸️A technical analysis of JBM Auto Ltd. (NSE: JBMA), outlining a long-term investment plan with an investment period of 3-5 months. Here's a breakdown of the levels and strategy:
✅️Entry Timing: Wait for the price to either approach ₹1,389 for an optimal entry or confirm an upward breakout.
☑️Entry: ₹1,389.10
🔴Stop Loss: ₹1,352.30
🔰Targets:
🟠TP1: ₹1,449.90
🟡TP2: ₹1,499.85
🔵TP3: ₹1,606.25
🟢TP4: ₹1,681.00
♻️Holding Period: 3-5 months.
🚰Strategy: Buy near ₹1,389, use stop loss, and book profits gradually at targets.
🔴Disclaimer:
I am not SEBI registered. This information is purely for educational purposes and not financial advice. The securities market is subject to market risks; please do your own research...
If you like this idea like share amd subscribe @Alpha_strike_reader
HERO MOTOR- MAJOR CORRECTIONHero Motor Corp- Almost a 3x from March 2023 to Sept 2024. Now under a severe correction, macro and tech factors in play.
Demand zone is 3600-3850, if breaks crucial 4K level.
Sideways in that zone will be good for accumulation for target back 4500+.
Large caps getting attractive in this fall.
ULTRATECH FUT BEARISH VIEW at closing price on 6th Jan 2025Here I am sharing my views on Ultratech Cement Futures Chart.
A) There is a STRONG SUPPLY ZONE at 11,800 - 11,900.
B) There is Mild to Moderate Demand Zone at 11,400 -11,300.
C) RSI with SMA: In today's trading session RSI crossed it's 50 mark level and turned bearish
- RSI is now below it's SMA (Bearish)
D) If we observe today's candle properly, we can sell initial rise towards supply zone and price corrected sharply from mentioned supply zone, thick body and short wicks adds weakness in Ultratech Cement Chart.
E) prices may hold at 11,400 - 11,300 levels, once this level is broken we can see sharp decline towards next Demand Zone, which is also our Target.
F) Target 1: 11,400 -11,300
Target 2: 10,800 - 10,650
This is only my attempt to predict Ultratech Cement, I do not recommend trading or investing based on above study.
HERO MOTOR- SUPPORT TESTHero Motor broke out of a crucial level at 2900 where multi month resistance was seen. Post that its rise was halted at 6K+ and now its testing a crucial level of support- 0.618 FIB level , break of which can be bad for the stock -mid term. Correction is heavy on this stock, should watch this level carefully over the next 2-3 weeks.
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights:
Price Action and Trend:
The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future.
A strong support level is evident near ₹2,454.60.
Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around ₹3,023 to ₹3,150.
Fibonacci Levels:
Fibonacci retracement levels are drawn from a previous significant swing low to high:
0.5 Level: ₹3,023.50 (a key resistance level).
0.618 Level: ₹3,157.75 (another potential resistance zone).
Targets:
Target 1: ₹3,150.95 (based on Fibonacci 0.618 level).
Target 2: ₹3,594.70 (prior high or 1 Fibonacci level).
Target 3: ₹4,271.95 (extension at 1.618 Fibonacci level).
Strong Resistance Zone:
The shaded region indicates a historically strong resistance zone, where the price has struggled to break above in the past.
Outlook:
If the price breaks above the resistance zone, it could aim for Target 1 and potentially higher targets.
A breakdown below the triangle's lower trendline or ₹2,454.60 could lead to a bearish scenario.
Asian Paints Trading Strategy for 16th December 2024Asian Paints Trading Strategy
Key Levels:
Buy Above: 2422 (on the high of the candle that closes above 2422 on a 5-minute chart)
Sell Below: 2391 (on the low of the candle that closes below 2391 on a 5-minute chart)
Targets:
Upside Target: 2460
Downside Target: 2360
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2422 on a 5-minute time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 2391 on a 5-minute time frame.
Uptrend Confirmation: Asian Paints is likely to resume an uptrend if the price closes above 2470 on a daily closing basis.
Additional Tips:
Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Asian Paints.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart:
Key Observations:
Resistance and Breakout Zone:
The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing.
A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move.
Support Level:
The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level.
Targets Identified:
Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620.
Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs.
Consolidation Phase:
The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout.
Targets:
Short-term:
A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1).
Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2).
Medium-term:
If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario.
Trading Plan:
Entry:
Enter on a breakout and sustained close above ₹3,620 with volume confirmation.
Stop Loss:
Place a stop loss at ₹3,500 (below the breakout zone) to manage risk.
Target Levels:
Short-term target: ₹3,883.
Medium-term target: ₹4,106.
Pullback Opportunity:
If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point.
Conclusion:
Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets:
Key Levels:
Support Levels:
₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity.
₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone.
Resistance Levels:
₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle.
₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023.
₹220: Next major resistance based on the last significant swing high (mid-2022).
Targets:
Assuming the breakout sustains and bullish momentum continues:
Short-term Target:
₹190–₹195: Test of immediate resistance.
₹200: Psychological and historical resistance level.
Medium-term Target:
₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak.
Long-term Target (Bullish Scenario):
₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019.
Risk and Stop Loss:
Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk.
Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade.
Conclusion:
The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
#BALKRISHINDEarly Entry:
After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom...
Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
Analysis for ACC LTD
We have a fresh Monthly Supply formed which is a Source Supply and we have a Monthly fresh Destination Demand.
We have further divided the Supply Demand Equilibrium into 5 parts giving us an understanding for which specific area should we Buy or Sell into.
Now the most important part the trade analysis.
We have a short position for a reward of 2.4 at the risk of 1.
HDFC Bank: Navigating Bearish Momentum Amid Key LevelsNSE:HDFCBANK : Navigating Bearish Momentum Amid Key Levels
NSE:HDFCBANK : is currently facing bearish momentum, encountering significant downward pressure as it tests key support levels. As traders, it’s crucial to analyze the following resistance and support zones to gauge potential market movements:
Resistance Levels:
1726 / 1716: These levels are pivotal resistance points. A failure to breach these zones may trigger sell-offs, reinforcing bearish sentiment in the stock.
Support Levels:
1676 / 1636 / 1596: The stock is attempting to establish support near 1636. A break below this critical level could accelerate downward momentum, signaling further weakness and inviting additional selling pressure.
Upcoming Catalysts:
HDFC Bank will announce its Q2 earnings report on October 18. This upcoming event is likely to introduce volatility, potentially influencing price action significantly.
Market Outlook:
Despite efforts to maintain support at 1636, HDFC Bank's overall trend appears weak. Traders should closely monitor price action around these key levels to anticipate potential shifts in momentum.
Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
BEL : Key Support & Resistance Levels at Current Price of 286.90NSE:BEL : Key Support & Resistance Levels at Current Price of 286.90
As NSE:BEL trades around 286.90, it shows signs of weakness, and it's essential to focus on the following support and resistance levels for potential trading strategies:
Resistance Levels:
Immediate Resistance: 295 – This level may act as a barrier for upward movement.
Psychological Resistance: 300 – A significant psychological level that traders watch; a breakout above this could attract more buying interest.
Key Resistance: 307 – A crucial level for confirming bullish momentum; a strong close above here may indicate a sustained upward trend.
Support Levels:
Crucial Support: 285 – This key level may provide buying interest. A break below this could lead to further downside.
Stronger Support: 275 – Acts as backup support, offering a safety net for traders.
Lower Support: 267 – If tested, it would indicate significant selling pressure, warranting close attention.
Outlook: BEL appears to be weak at the moment. Holding below the 285 support could lead to further declines, potentially testing 275 and 267. A bounce back above 285 may provide a chance for a retest of 295, but caution is advised given the current weakness.
Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
If you found this analysis helpful, please consider sharing, following, or boosting this idea! Your support is greatly appreciated!
Swing Long Trade good for GUJGAS
Source Demand formed which has the potential to move the Price until the next Fresh opposite Supply which can become the Destination of this Uptrend which is about to emerge.
Here's the Demand and Supply Equilibrium for this Script, here we clearly understand where is low and where is High and as Traders we know when we buy low we have higher reward to risk ratios and same when we short when the prices are high so now we have the curve divided into 5 parts and when we trade we see the position of the Price in the curve.
This is a Demand formed after Price has reacted to the Source Demand now this has maximum probability in the Upward direction as its the 1st 4H Demand formed since Price reacted the Source Demand. Now let's check the Reward it has to offer and against what risk?
Here's the answer we need
TradeType : Swing Trade
Entry : Rs. 607.30
Stoploss. : Rs. 597.00
TakeProfit : Rs. 659.15
Reward. : Rs. 52.15
Risk : Rs. 10.00
Ratio : 5 / 1
For FUTURES
Planned Positional Long Trade in DALBHARAT
In the picture above we have drawn Trendlines to understand the direction of the Price. We see that Price has come down violating the Demand areas and respecting the Supply areas forming Lower Lows, hence was in a clear downtrend
Now most of the times before changing the trend price goes sideways
Here we see Price clearly going sideways. So we know there will be a change in Trend from Down to Sideways to UP Let's see how
An Uptrend has a Source from where the Trend starts and there is a point which we have called as a Destination of the Trend where it is trying to reach. So we have the Start point and End point of this upcoming Buy Trend.
Let's Understand the Demand and Supply Curve wrt to Price here
This tells us where is low, middle and high, course as traders we gotta buy low and sell high and avoid the middle area. This clearly tells us where is low and where is high.
After reacting to the Weekly Source Demand, in the Daily chart we see that Price has formed a Daily Demand which has violated its previous High which confirms Buying Momentum.
Now we have two possibilities for outcome of this Trade either it will take the SL or it will take the Target.
As a Trader we have to ensure our Reward to Risk ratio is favourable enough making the Risk practically worth taking.
Trade Type : Position Swing Trade
Entry : 1861.35
SL : 1794.25
Target : 2220.35
Reward : 359
Risk : 67.10
Ratio : 5.35/1
POTENTIAL INVESTMENT TARDE FOR VODAFONE IDEA
Here we look at the Quarterly chart since 2008, We see price was rallying up violating Resistances and respecting the Support areas, until it starts doing the opposite.
Now recently Price has violated a Supply area which indicates that the Buyers have just won over the sellers and now Price has given a Pullback in a 6 Months Demand.
Now we have a 6 Months Demand; So understanding the timeframe role into this Trade as the Demand in which we buy this a 6 months Demand hence we will have to consider a minimum of 1 to 2 years considering at least 2 to 4 candles of 6 months each to achieve the Target.
Here we have the following to consider before entering the Trade
Trade Type : Investment Trade
Entry : 10.10
SL : 5.70
TGT : 39.74
Risk : Rs. 4.4
Reward : Rs. 29.64
Ratio for Reward to Risk : 6.7/1
LTIM LONG BUY TRADE IDEALTIM long trade idea
buy signal/call
1. stock have completed a cup & handle kind of pattern
2. consolidation of considerable time period happend at this breakout level
3. us fed cut will benefit this stock
4. strong fundamentals
5. big investors with healthy holdings
buy @ 6450 SL @ 6200-6300 target 1 - @7000 target 2nd @7500 target 3 @ 8000 target 4 @ 8500
time period - around coming 3-9 months
NSE:LTIM