NIFTY INTRADAY ANALYSIS FOR 15 JULY 2024BUY ABOVE - 24580
SL - 24490
TARGETS - 24650,24720,24800
SELL BELOW - 24490
SL - 24580
TARGETS - 24440,24400,24350
NO TRADE ZONE - 24490 to 24580
Previous Day High - 24580
Previous Day Low - 24350
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.
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Nifty50
Market makes a new high and closes near the same.Driven by unexpectedly positive results by TCS, most IT companies jumped in a positive rage and took the index into further unchartered territory making a high or 24592 and closing at 24502. The trend suggest that the peak can be near 24769 if the resistances of 24592 and 24662 are crossed. The supports for Spot Nifty remain at 24490, 24437, 24317 major support 50 Hours EMA (Mother line) and finally 24206. If the support of 24206 is broken there is a very high probability of bears draggin Nifty down to 200 Hours EMA (Father Line) at 23776 with various stops in between. Outlook is still neutral to positive but investors should stay nimble and keep stop losses in place.
Good Support taken by Nifty today but trendline resistance loomsNifty today took a support at 24141 and market a recovery where it closed at 24324. If Nifty is able to close or hold above 24353 there can be recovery which can lead to Nifty going as high as 24403 or 24461. If and when we get a closing above 24461 we can think of crossing 24500 and hitting a high of 24520 for now. If the resistance of 24353 is not corseed and we do not get a closing above it Nifty can again go fetching a support. The support for Nifty are at 24286, 24243 (50 hours EMA)(Strong Support), 24141 and 24054. Below 24054 Bears can stake a claim and pull the Nifty further down.
CDSL | Flagpole | NSDL Files for IPO
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Nifty_Intraday (11-Jul-2024)The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details:
Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted.
Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps in determining the trend and potential support or resistance areas.
Trading Signals:
-Buy Signal: There's a green arrow pointing upwards with the annotation "Buy Above 24375 Tgt Open for 24500+". This indicates a potential bullish breakout strategy where buying is recommended above 24,375 with an open target extending towards 24,500 or beyond.
-Sell Signal: A red arrow points downwards with the annotation "Sell Below 24250 Tgt 24000-". This suggests a bearish strategy recommending selling below 24,250 aiming for a target around 24,000.
NIFTY INTRADAY LEVELS FOR 10 JULY 2024BUY ABOVE - 24440
SL - 24400
TARGETS - 24500,24570,24650
SELL BELOW - 24400
SL - 24440
TARGETS - 24350,24300,24230
NO TRADE ZONE - 24400 to 24440
Previous Day High - 24440
Previous Day Low - 24350
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 👍
Nifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as:
Date and Time: Published on July 9, 2024, at 18:55 IST.
Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points.
Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59.
Trading Recommendations:
-Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550.
-Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
Nifty in a parallel channel is nearing Fibonacci resistanceNifty 50 in a parallel channel drawn on hourly candles is indicating that it might be nearing an important Fibonacci resistance of 24463. Before reaching there it needs to clear today's high that is 24443. Thus the zone between 24443 and 24463 is a huge resistance. One way to clear it would be a gap up opening tomorrow. If that is not possible tomorrow and for the reminder of the week Nifty can be under selling pressure. If 24463 is cleared the next resistance that it will face will be 24544. In case of correction and consolidation the supports will be provided by the levels of 24400, 24362, 24318 (Important Mother line support of 50 Hours EMA) and 24284. Below 24284 Nifty becomes weak and Bears can drag it to the levels of 24242 or even 24169. Further downfall will bring bears into more action and retail investors and DII can go into a full blown profit booking mode.
Disclaimer: Please do not trade based on this levels of spot nifty. This post is just for education. This is not a buy or sell recommendation.
Nifty Next Week: Clash between Bulls and Bears Could Continue. Clash between Bulls and Bears Could Continue into Next week. while bulls will try to break this week's high of 24401 and Bears will try their best to bring the index down and gain some ground to breathe. It will be a tussle to watch out for with bulls having an upper hand as of now but situation can change in a jiffy. So we should have our stop losses in place and trailing stop losses also in place while we enjoy the upward ride. Very important week ahead which may decide the trend for rest of the month.
Important support levels for Nifty will be as under:
The zone between 24237 and 23967 has multiple supports including the 50 hours EMA at 24133. Below 23967 closing Nifty becomes weak and 23667 or 23531 are also possible. 23531 will be the most critical support as it is the 200 Hours EMA. Below 23531 the only substantial support will be at mid-channel which is around 23293. Below 23293 Bears can snatch the control of the market completely.
Important Resistance levels:
24401 to 24408 are most important resistances to watch out for. Above 24408 the levels of 24606 are possible which is the trend top as of now.
Disclaimer: Please do not trade based on this levels of spot nifty. This post is just for education. This is not a buy or sell recommendation.
NIFTY INTRADAY LEVELS FOR 09/07/2024BUY ABOVE - 24350
SL - 24300
TARGETS - 24400,24480,24550
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24350
Previous Day High - 24350
Previous Day Low - 24230
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 👍
Nifty Intraday (09-Jul-2024)Description:
Explore intraday trading analysis for Nifty 50. We've identified critical buy and sell levels based on the latest candlestick patterns and EMA trends.
Buy Signal: Consider a long position if Nifty 50 rises above 24,350, with an open target of 24,450+. This move suggests bullish momentum could extend further, offering a potential profit opportunity.
Sell Signal: A short position is advisable if the index drops below 24,265, targeting 24,150-. This setup is based on recent resistance and the potential for downward continuation.
Chart Details:
-Time Frame: 15 minutes
-Indicator: 20-period Exponential Moving Average (EMA)
Trading Strategy:
The strategy utilizes precise entry and exit points to capitalize on short-term price movements. Risk management through stop-loss orders at strategic levels is recommended to minimize potential losses.
Nifty Intraday (08-Jul-2024)It looks like you have provided a trading chart for Nifty 50 Index with specific trading signals for July 8th. Here are the key details from the chart:
Buy Signal:
-Trigger: Above 24,350
-Target: Open for 24,450+
Sell Signal:
-Trigger: Below 24,265
-Target: 24,150-
The chart uses a 15-minute timeframe and shows the price action along with an EMA (20) indicator.
NIFTY INTRADAY LEVELS FOR 08 JULY 2024BUY ABOVE - 24350
SL - 24300
TARGETS - 24400,24480,24550
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24350
Previous Day High - 24350
Previous Day Low - 24160
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 👍
NIFTY INTRADAY LEVELS FOR 5TH JULY 2024BUY ABOVE - 24400
SL - 24350
TARGETS - 24480,24550,24630
SELL BELOW - 24300
SL - 24350
TARGETS - 24230,24160,24060
NO TRADE ZONE - 24300 to 24400
Previous Day High - 24400
Previous Day Low - 24300
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 👍
Nifty made a high near our predicted top yesterday.As predicted the current top seems to be around 24408. Nifty reached round about there, made a high of 24401 and closed at 24302 which is 98.85 points down. The resistnace remains the same and supports remain the same. In fact there is a very weak additional support now at 24396 followed by 24236. Other supports for Nifty remain in the range between 24144 and 24088 (Mother Line 50 hours EMA). Below 24088 Nifty will be weak and only major support remaining will be between 23983 and 23807 before Nifty hits 23477 (Which is 200 Hours EMA). Below 23477 Bears will gain more ground and solid momentum.
Nifty Intraday (05-Jul-2024)The image is a chart displaying the 15-minute price movements of the Nifty 50 Index for July 3rd and 4th, 2024. It includes technical analysis with marked buy and sell signals:
-Buy Signal: A suggestion to buy above 24,350 with a target open for 24,450 or more.
-Sell Signal: A recommendation to sell below 24,275 with a target of 24,125 or lower.
The chart also shows the 20-period Exponential Moving Average (EMA), which helps traders gauge the trend direction and potential support or resistance levels.
One more hurdle crossed, Very little room left at the top. One more major hurdle crossed by Nifty and very little room left at the top. Unless there is a channel top breakout. The final resistance remaining before we have a channel top break out is 24408. Today the hurdle of 24236 was closed by a gap up opening the same level was tested as well so now it will act as a support. Other supports for Nifty remain in the range between 24054 and 24010 (Mother Line 50 hours EMA). Below 24010 Nifty will be weak and only major support remaining will be 23807 before Nifty hits 23416 (Which is 200 Hours EMA). Below 23416 Bears will gain more ground and solid momentum.
Nifty Intraday (03-Jul-2024)15-minute intraday chart for the Nifty 50 index from a trading view. It includes data and trading strategies for July 4th, 2024. The chart displays price movements with a plotted Exponential Moving Average (EMA). There are strategic points marked for buying and selling:
Buy Signal: The chart suggests buying if the index moves above 24,325 points with a target open for reaching above 24,450 points.
Sell Signal: The chart suggests selling if the index falls below 24,225 points, with a target of reaching around 24,100 points.
HDFC BREAKOUT Hi guys,
Its me Guruzzz
HDFC Breakout
A "breakout" in the context of stock trading typically refers to a situation where the price of a stock moves above a resistance level or below a support level with increased volume. For HDFC (Housing Development Finance Corporation), a breakout could signify a significant upward or downward movement in the stock price, suggesting potential buying or selling opportunities for traders.
Indicators of a Positive Breakout:
Price Movement: If HDFC’s stock price breaks above a key resistance level, it indicates a bullish trend.
Volume: Increased trading volume during the breakout confirms the strength of the movement.
Technical Indicators: Positive signals from technical indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) can support the breakout.
Positive Words About HDFC
Strong Financial Performance:
Consistent Growth: HDFC has demonstrated consistent growth in revenue and profitability over the years, reflecting its robust business model and strategic vision.
Solid Asset Quality: The company's focus on maintaining a high-quality loan portfolio has ensured minimal non-performing assets (NPAs), contributing to financial stability.
Market Leadership:
Industry Leader: HDFC is a market leader in the housing finance sector in India, with a strong presence and extensive reach across the country.
Reputation and Trust: The brand is synonymous with trust and reliability, having established a strong reputation among customers and stakeholders.
Innovation and Adaptability:
Technological Innovation: HDFC has been at the forefront of adopting technology to enhance customer experience, streamline operations, and improve efficiency.
Product Diversification: The company offers a wide range of financial products and services, catering to various customer needs and preferences.
Strong Management Team:
Experienced Leadership: HDFC's leadership team comprises experienced professionals with a deep understanding of the financial industry, driving the company's strategic initiatives.
Visionary Strategies: The management's forward-thinking strategies have enabled HDFC to navigate market challenges and capitalize on growth opportunities.
Corporate Governance and Social Responsibility:
Robust Governance: HDFC adheres to high standards of corporate governance, ensuring transparency, accountability, and ethical practices.
Social Impact: The company is committed to corporate social responsibility (CSR) initiatives, contributing to social development and community welfare.
Conclusion
HDFC's breakout indicates potential positive momentum in its stock price, driven by strong financial performance, market leadership, innovation, experienced management, and commitment to corporate governance and social responsibility. These attributes make HDFC a reputable and reliable company in the financial sector.
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.
Nifty almost flat in but moving in a tight range. Nifty is moving in a tight range. On higher levels there is Profit booking as it falls there is buying. Perfect Bull bear tussel at play. during the tussel Nifty has found a new support of today's low at 24054. Also extended it's resistance to 24236. If we get a closing above 24236 the Channel top currently looks near 24350 to 24408 range. There is a possibility of Channel top resistance as well as channel breakout. If there is a break out we will give new targets then but supports for now are 24054, 24986, 23925 (Mother Line Support) 50 hours EMA and 23807. Resistance being at 24180, 24236 and 24408.
NIFTY INTRADAY LEVELS FOR 2ND JULY 2024BUY ABOVE - 24160
SL - 24100
TARGETS - 24280,24380,24480
SELL BELOW - 24010
SL - 24100
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24160
Previous Day High - 24160
Previous Day Low - 24010
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 👍