No Trading Reversal Zone: Range: 46,662 to 46,800 Analysis: The market has established a no trading reversal zone in the range of 46,662 to 46,800, suggesting a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals before making significant trading decisions. Previous Day High and Open Interest (OI)...
BANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,363 - OI Resistance Zone: 47,360 to 47,426 - Analysis: The previous day high at 47,363 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,360 to 47,426. Traders...
BANKNIFTY Analysis for the Upcoming Session: 1. Previous Day High and Open Interest (OI) Resistance: - Previous Day High (PDH): 47,135 - OI Resistance Zone: 47,135 to 47,250 - Analysis: The previous day high at 47,135 represents a crucial level. If the price surpasses this point, it may encounter resistance in the OI resistance zone from 47,135 to...
Tata Technologies Limited, a company in the engineering and design services space, has undergone a notable pattern known as bottom formation, followed by a reversal after a period of accumulation. Bottom formation typically refers to a chart pattern where a stock's price reaches a trough, often forming a recognizable chart pattern like a double bottom, rounding...
As of the most recent market activity, eMudhra Limited's stock exhibits an intriguing opportunity for swing trading, having recently undergone a notable breakout accompanied by robust trading volumes. Swing traders, who aim to capitalize on short to medium-term price movements, may find this setup appealing as it signals a potential shift in sentiment and the...
Vodafone Idea Limited, a prominent player in the telecommunications industry, has seen dynamic movements in its stock price, prompting market participants to establish specific trading strategies. In this case, a stop-loss level of 15.75 has been set, indicating a predefined point at which traders are willing to limit potential losses. This stop-loss level is a...
Overview: CONFIPET appears to present an enticing opportunity for swing traders, characterized by encouraging bullish volumes and robust financial results. The combination of positive market sentiment and promising fundamentals positions CONFIPET as a potential candidate for traders seeking short to medium-term gains. Bullish Volumes: Recent trading activity in...
Nifty is doing good and its seems a new all time high is just around the corner. We're bullish on nifty and our traget is 22500
Banknifty is very close to give a breaput of tough resistance. After that we can see an new all time high
FCL (Favorable Corporation Limited) is currently showcasing an impressive technical breakthrough on the monthly time frame, setting the stage for a compelling bullish trade opportunity. This breakout, coupled with robust trading volumes, highlights a significant shift in market dynamics, capturing the attention of traders who rely on technical indicators. Key...
The Nifty50, a benchmark index in the Indian stock market, exhibits distinct levels that provide valuable insights for traders. In the current market scenario, the range between 21,746 and 21,664 is identified as a "no trading zone." Traders may exercise caution during this range as the market lacks a clear trend, and uncertainty prevails. Moving towards the...
Bank Nifty currently exhibits distinct levels that traders may find significant for making informed decisions. The range between 45410 and 45158 is considered a no-trading and reversal zone, suggesting potential indecision or a shift in market sentiment. Moving towards the upside, the range of 45896 to 45651 is noteworthy for being the previous day's high and an...
Initiating a long position on Varun Beverages Limited (VBL) with a stop-loss set at 1329.85 and a take-profit level of 1547 suggests a carefully considered trading strategy based on technical analysis and risk management. A long position indicates a bullish outlook on the stock, with the expectation that its price will rise. Traders employing this strategy...
The CNX Financial Nifty (CNXFINNIFTY) is currently navigating a market scenario defined by distinct levels, providing guidance for traders and investors. The range between 20,067 and 19,972 signifies a no trading reversal zone, indicating a period of consolidation or indecision. Traders are advised to exercise caution within this range, awaiting clearer signals or...
Taking a short position on IDFC Bank, with a stop loss at 81.65 and a take profit level set at 72.55, reflects a carefully planned trading strategy based on technical analysis and risk management. The decision to initiate a short position implies a bearish outlook on the stock. Traders employing this strategy anticipate a decline in the stock price and aim to...
The Bank Nifty is currently navigating a nuanced market scenario, with distinct levels delineating various zones for traders and investors. The range between 45,061 and 45,319 constitutes a no trading reversal zone, indicating a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals or a decisive breakout...
expecting fin nifty to fall today. target mentioned on charts intraday move
Banknifty key levela for trading session 12th feb 2024