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CNXFINANCE trade ideas

FINNIFTY Trade SetupCNXFINANCE (FINNIFTY) tried to break the trend line but was not successful. However, retracement 0.68 % is over and ready to move upside. A positive point, RSI showing bullish divergence on 15 mins time frame. FINNIFTY has to break 19951 levels with big bullish candle and retest the same level. That would be the entry point. The first target would achieve more than 2 risk reward ration. Levels to watch on upper side 19951 20184 Levels to watch on lower side 19867 19840 NSE:CNXFINANCE (FINNIFTY)
NSE:CNXFINANCELong
by vikasbhekare
Fin Nifty Support & Resistance levels 10/8/23zenthosh Nifty Support & Resistance for 9/8/23 Nifty 50 Index (NSE:NIFTY) 19632.55 61.70 0.32% zenthosh Aug 8 Aug 8 Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
NSE:CNXFINANCE
by zenthosh
Fin Nifty Support & Resistance levels 9/8/23Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
NSE:CNXFINANCE
by zenthosh
#Fin-Nifty Expiry Levels for 08-08-2023#Fin-NiftyLevels for 08-08-2023 The expiry day range is 20000-20150 > If you're following these zones then kindly follow the rules too. Risk management, Position sizing, Confirmations. > This is my perception of the market so, kindly do your analysis to get more clarity on the market. > These levels might help you guys. As per my view, I'm sharing it with you guys. > This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
NSE:CNXFINANCE
by Financial_School
Fin Nifty Support & Resistance levels for Tomorrow (8/8/23)Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
NSE:CNXFINANCE
by zenthosh
Fin Nifty Support & Resistance levels 7/8/23Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
NSE:CNXFINANCE
by zenthosh
FINNIFTY FOR EXPIRY 08AUG23 TO REACH 20370-470By Expiry on 8AUG, FINNIFTY to reach 20370-470 My Reasons to believe so Friday witnessed buying from levels 19850 to 19990. At the end of the day on option chain, Call buying could be seen upto 19800, indicating positive mood for Monday, given that premium decay during weekend is taken into consideration. By evening, US markets are in the solid green Bearish sentiments seem to have abated for now, looking at how markets across the globe is behaving. There will be an attempt to stay above the well-respected trendline, meaning to climb above 20370.
NSE:CNXFINANCELong
by roythayyil
Fin Nifty Support & Resistance 4/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
NSE:CNXFINANCE
by zenthosh
Fin Nifty Support & Resistance 3/8/23Based on price action significant support and resistance are here, the red line acts as resistance, the green line acts as support, the red shade refers to the resistance zone and the green shade refers to the support zone. If the price breaks the support and resistance, it will move to the next support and resistance line or zone. The Keltner channel helps identify long (above-upper line) and short (below the lower line). You can also draw support and resistance for 3 minutes and 5 minutes Time frame conveniently.
NSE:CNXFINANCE
by zenthosh