**Heading:** Strategic Analysis and Trading Recommendations for NIFTY The recent performance of NIFTY indicates a potential bullish trend, with the index closing near an all-time high. However, a closer examination of the short-term timeframe reveals a consolidation phase around this peak. In preparation for Monday's market activity, it is crucial to monitor the...
CHOLAFIN has successfully completed its corrective wave 2, characterized by a minor abc wave. It is now poised for a potential bounce in either Wave C or Wave 3. **Swing Trade Recommendation:** - **CMP (Current Market Price):** 1140 - **Stop Loss:** 1085 - **Target:** 1295 - 1322 This buying call is strategically positioned for a swing trade. Keep a close eye...
**Investment Idea (Infrastructure Pick)** 🏗️ **STOCK:** GR INFRAPROJECTS LIMITED **CMP:** 1110 **BUY Strategy:** - **1st Buy:** 1100 - **2nd Buy:** 1070-1060 **STOP LOSS:** 1034 (day closing basis) **TARGETS:** - **Target 1:** 1210 - **Target 2:** 1290 This investment opportunity in GR INFRAPROJECTS LIMITED is structured in two parts for strategic entry....
In the Nifty chart, there are indications of a potential double top formation near the swing profit booking zone of 21003-20975. If prices decline from these levels without spending an extended period, it increases the likelihood of exhaustion, potentially triggering profit booking and a descent to around 20875. Following this, a consolidation phase between 20875...
BANKNIFTY is currently finding support at the lower boundary of the golden profit booking zone, approximately at 46834, which corresponds to 113% of the last swing on the daily chart. If prices manage to sustain this support and initiate trading above 47004, subsequently maintaining or surpassing the 47150 level, there exists potential for a continued upward...
📈 **Technical Analysis on SBIN: Potential Uptrend Ahead** 🚀 SBIN appears to be completing its retracement structure in both smaller and larger time frames, signaling a potential upward movement. 🔄 We anticipate potential buying opportunities under the following conditions: - **Break and Sustain Above 565:** A move above this level could trigger buying...
Shreyas has retraced to golden buying zone from its last swing low to last swing high and also trading in golden profit booking zone on intermediate wave (donwside) an being ready for reversal, Initiating a buy above 301 for the first target of 457 and second target of 533 Fundamentals ## Shreyas Shipping & Logistics Analysis 🚢💼 ### Company Business Model...
In the Nifty chart, there are indications of a potential double top formation near the swing profit booking zone of 21003-20975. If prices decline from these levels without dwelling for an extended period, it raises the likelihood of exhaustion, potentially leading to profit booking and a descent to around 20875. Subsequently, a consolidation phase between 20875...
BANKNIFTY is currently seeking support at the lower range of the golden profit booking zone around 46834, which represents 113% of the last swing on the daily chart. If prices maintain this support and commence trading above 47004, subsequently holding this level or advancing beyond 47150, there is potential for further upward movement towards 47451. For intraday...
Technicals MOLDTECH is currently trading within its golden retracement zone. Historically, the prices have experienced a retracement from this significant zone, which constitutes a profit booking range spanning from 113% to 127% of the last major swing. Having completed its 5th Elliott Wave (intermediate) and exhibiting a bounce with notable volume from the...
After a substantial movement, Banknifty exhibited a range-bound trading session yesterday. For today, a potential scenario arises if BANKNIFTY initiates trading below 46835. In such a case, prices may trend lower, targeting 46694 - 46443, potentially rebounding after finding support. Failing this level, the last intraday support is anticipated at 46528. Strategic...
After a noteworthy surge, NIFTY managed to close just above a crucial resistance level yesterday. For NIFTY, a sustained trading position above 20854 and further confirmation above 20870 with the support of 20850 could propel prices higher towards the levels of 20975-21003. Anticipate profit booking around these levels. Conversely, if prices initiate trading...
"#NIFTY Market Analysis and Strategy for Today" After a robust performance in Monday's trading session, NIFTY is positioned for continued stability today, projecting a trading range between 20727 and 20699. In the event of a dip below 20690 from higher levels, a potential retracement creates an entry opportunity within the range of 20600-20596. A prudent strategy...
"BANKNIFTY Analysis and Trading Strategies for December 5, 2023" Following a robust performance in Monday's trading session, BANKNIFTY is positioned for continued stability today. Anticipating a trading range, it is expected to fluctuate between 46831 and 46709. In the event of a flat to negative opening, a potential support level lies near 46231. Consider...
In the prevailing market landscape, NIFTY is showcasing a bullish trajectory, particularly evident in the daily time frame, characterized by the development of WAVE 3. This positive trend gains additional momentum from favorable global market conditions and a favorable outcome in the BJP's election results, signaling a conducive environment for an upward market...
In the current market scenario, BANKNIFTY exhibits an upward trajectory, specifically in the daily time frame, marked by the progression of WAVE C. This optimistic trend is further supported by favorable global market conditions and positive election results for the BJP, indicating a conducive environment for an upward market movement. To capitalize on this...
📊 **BANKNIFTY Market Analysis** 🏦📈 📉 **Key Support and Range Bound Scenario:** BANKNIFTY holds a critical support zone at 44570-44500, suggesting a potential range-bound trading session within 44819-44570. Vigilance is advised within this range. 📈 **Breakout Buy Strategy:** Upon breaching the resistance level at 44850, a favorable buying opportunity arises....
📊 **NIFTY Market Analysis** 📈💹 📉 **Profit Booking Zone Dynamics:** NIFTY is currently situated near the upper band of the profit booking zone at 20123, indicating a potential struggle between sellers and new buyers. This situation may lead to a sideways trading scenario. 🔄 **Gap Up Scenario:** In the event of a gap-up opening above 20150, with a sustained level...