manuagarwal21

manuagarwal21

Globus Spirits had been holding 720-750 levels, since November 2022. It created a good support area, around these levels. Recently we have seen a huge move in the stock with very good volume, indicating buyers are going aggressive in the stock. Any Dip in the stock can be a good positional buy. Immediate support @ 850

manuagarwal21

ITC Support Levels ITC Daily Chart support is around 385-378 levels. ITC Weekly Chart support is around 345-350 levels. ITC Monthly Chart support is around 320-325 level.

manuagarwal21

There is a Trend shift on the hourly chart of the bank nifty chart. It has started making lower lows, Lower Highs. A break of recent lows can bring considerable weakness in the index in the short term. Immediate resistance: 43300-43330 Immediate Support at 42700 Further support at 42200

manuagarwal21

Bata has seen a rebound from the important weekly support levels and started showing signs of strength. The current up trend may continue in the stock up till 1620 -1700 levels Immediate support at 1480-1470

manuagarwal21

Hdfclife has been consolidating in an upsloping range for the past one month. Today's price action suggests it is picking up momentum and getting ready for a strong move up to the 590-600 levels.

manuagarwal21

This week started with a gap down opening at 17541 vs Friday close at 17604. Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648. The previous support that nifty broke on Friday is going to act as immediate resistance Currently, nifty50 looks like sell on the rise Notice price action in the resistance zone and...

manuagarwal21

Fibonacci 61.8% retracement is the most important Fibonacci level in the markets and is a good trading strategy when combined with price action. This retracement level is most likely to generate a reversal price move. Happiest Mind once bounced from 61.8% Fibonacci support in the month of July 2022. Currently, it is retesting the same support area and there is...

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Weekly Analysis Last week Nifty opens with a slight gap, tested the previous week high's though did not sustain at highs, and moved lower and closed near the week's low. Formed: Bear Candle Price action combined weeks: Sideways {Inside candle - the price has been consolidating in a candle range for the past two weeks} Seems like the price would trade sideways...

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Open - Slight gap up Resisted at 18000 in the first hour Retested Bullish cypher prz { 17879- 17921, giving an excellent risk-reward opportunity to become part of a recovery up till 18090-180130

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Nifty 50 opens with a gap at 18087 vs the previous close at 18036. Nifty immediate was resistance is at 18100-18125. First Hour Candle did not take out the resistance nor the support, hence waited for further confirmation for new short trades. Following hour prices did break the immediate support at 18030 and moved lower towards the next support levels around...

manuagarwal21

Nifty opens flat at 18230. As we discussed in the previous post to go up, it should sustain 18230 levels , Though it did not sustain 18230 levels and slipped through the immediate support levels { 18180-18160 } in the very first hour suggesting weakness may continue in the rest of the session, further to the next support levels at 18100 - 18050 Shorts are...

manuagarwal21

Nifty 50 opens gap down at 18163 vs the previous close at 18197. Post-opening prices didn't move lower and recovered in the very hour then went sideways only to close near the day's high. In short, the day was sideways with a positive close. What's for Tomorrow Bullish Bias Flat or gap-up opening Immediate support at 18160-18180 Sustaining above 18230, nifty...

manuagarwal21

HDFCLIFE has been struggling to get past 600 levels since the start of 2022, every time prices reach there, it corrects all the way down. Currently, prices are again at 600 levels and now price action is giving positive signs, that breakout might happen this time. Price should sustain above 550 levels. Above 600, it might test 650 levels very fast. Wait for a...

manuagarwal21

Nifty50 opens with a gap today at 18131 vs the previous close at 18105. Today formed a bullish candle closed near the day's high. The price structure looks good and may continue to go up further to the next resistance level. The next resistance is at 18385- 18420. Immediate support at 18100

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Godrej Properties The stock has fallen about 56% from its highs and the charts are still not at their best, meaning it could fall further. Now the question is how much further? The next support that I got from it from monthly and weekly charts are at 865- 740, this is the zone, where it consolidated earlier and saw a massive move on the upside. Major...

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Nykaa 1. Lower High lower Low Structure 2. This week broke previous support @ 162.50 levels 3. Trading in Un-charted territory 4. Further support can be derived with the help of Fibonacci. 5. Plotted Fibonacci Extension connecting swing high of 428.95 and 315.45 and swing low of 203.15. 6. Fibonacci giving us the next support @ 89.65, which is 38% below the...

manuagarwal21

#nifty50 1. Daily Chart Opens with a slight gap Did not sustain Closed near day's low Formed Bear Candle Expectation for tomorrow Gap down or flat opening Sell on rise Resistance @ 18400-18420 2. Hourly Chart LL, LH structure. Immediate resistance 18260 - 18300. Sell on Rise If we see a pull in the initial hour, watch for a sell signal near resistance. There...

manuagarwal21

1. Monthly Timeframe Bullish - Charts are in great shape Bullish Candle closed near highs- November 2022 Made new high this month( Dec 2022) Monthly Support @ 38300-39100 Good as long, as the price sustains above support levels :) 2. Weekly Timeframe Shooting star candle is on an all-time high. Weakness is expected in the coming week. Swing Trades - Sell on...