ruelfernandes

ruelfernandes

HDFCBANK 1700 CE 25th July 2024 1. Spot Analysis: - HDFCBANK is currently near its one-year high and is trading with good volume. - The latest tick shows a price rise supported by strong volume. - The MACD (Moving Average Convergence Divergence) is trending up nicely, both in relation to the signal line and the zero line. - A new high has been...

ruelfernandes

1. **Price Action and Momentum:** - BANKNIFTY made a new one-year high, signaling strength in the index. - The latest tick shows a strong price rise, but it's essential to keep an eye on volume (especially in the futures market). - The positive breakout is confirmed by bullish candlestick patterns, including the Belt Hold Uptrend and Long Line Uptrend. ...

ruelfernandes

On June 25th, 2024, the NIFTY index surged to a new one-year high, signaling a positive breakout. 1. **Price Action and Momentum:** - The NIFTY opened at 23,577.1 and closed at 23,721.3, surpassing the previous day's close of 23,537.85. - Bullish candlestick patterns, including the Belt Hold Uptrend and Long Line Uptrend, reinforced the positive...

ruelfernandes

Analysis The data shows that HDFC Bank Ltd. has a spot price of 1530.5, while there is active trading in options with a strike price of 1600.00. The contracts for these options closed at 25.50 with a 4.72% increase from the previous day, indicating some positive sentiment. The high open interest (4647500) suggests that there are a lot of positions in the market,...

ruelfernandes

Spot vs. Strike Price: The spot price (2395.95) is very close to the strike price (2400.00), indicating that the option is near the money. Contracts and Open Interest: With 4155 contracts traded and a high open interest of 696600, there is significant trading activity and interest in this option. % Change and Closing Price: A 14.62% increase in the options price...

ruelfernandes

Bullish Sentiment: Given the low PCR Vol of 0.149, it suggests that traders are more interested in call options than put options, indicating a bullish sentiment in the market for Jubilant Foodworks Limited. Active Trading: The significant open interest and the high number of contracts (4825) traded suggest active participation and interest in this stock's...

ruelfernandes Updated 

Understanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence....

ruelfernandes Updated 

HDFC Bank Ltd., a stalwart in the Indian financial landscape, is currently exhibiting significant bullish signals. With its spot price at 1517.2 and several key market metrics pointing towards positive momentum, it’s essential to delve into the specifics to understand the implications for investors and traders. In this blog post, we’ll dissect the data on spot...

ruelfernandes Updated 

Maruti Suzuki India Ltd., a titan in the automotive industry, is currently displaying noteworthy bullish indicators. With its spot price at 13000.5 and several key market metrics pointing towards positive momentum, it’s essential to delve into the specifics to understand the implications for investors and traders. In this blog post, we’ll dissect the data on spot...

ruelfernandes

Trade Setup: - Action: Go Long (Buy) - Entry Point: Above 2142.60 - This is the trigger point for initiating a long position, indicating that the price needs to break above this level to confirm the bullish setup. Key Levels: - Fibonacci Resistance Level: 2136.75 - This is a critical level derived from Fibonacci retracement or extension tools, suggesting a...

ruelfernandes

Closing Price: ₹1,165.25 Change %: 3.49% Volume: 12,818,081 High: ₹1,169.65 Axis Bank has shown an impressive gain of 3.49%, reaching a high of ₹1,169.65. The substantial volume reinforces the bullish trend, indicating strong buying pressure. Such a breakout performance often precedes further price appreciation, making AXISBANK a strong candidate for a swing...

ruelfernandes

Closing Price: ₹2,972.1 Change %: 1.74% Volume: 7,304,130 High: ₹2,984.45 Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely to maintain its upward momentum,...

ruelfernandes

RELIANCE (Reliance Industries Limited) Closing Price: ₹2,972.1 Change %: 1.74% Volume: 7,304,130 High: ₹2,984.45 Reliance Industries, a market heavyweight, saw a 1.74% increase, closing close to its intraday high. The considerable volume signifies robust investor confidence. Given Reliance's diversified business portfolio and market influence, the stock is likely...

ruelfernandes

Closing Price: ₹1,320.05 Change %: 1.1% Volume: 1,121,198 High: ₹1,329 Godrej Consumer Products saw a 1.1% rise with a relatively lower volume compared to the others. However, closing near its high suggests positive momentum. Given its strong brand presence and stable growth in the consumer goods sector, GODREJCP could continue to perform well in the short...

ruelfernandes

Closing Price: ₹2,175.15 Change %: 1.53% Volume: 457,984 High: ₹2,181 TVS Motor Company's 1.53% increase and closing near the high of the day indicate a bullish trend. The volume, though lower than some others, is sufficient to confirm interest. With the automotive industry on a recovery path, TVSMOTOR stands to benefit from increased consumer demand, making it a...

ruelfernandes

Nifty has displayed a triangle pattern on the 5|15 MTF If Nifty breaks 22000 on the lower side we may stand to get a good risk reward ratio. Trade safe and Trade responsibly. Always protect your trades.

ruelfernandes Updated 

🚀 **Exciting Stock Opportunity: BSE - STWP View** 📈 **PriceVol**: *Bullish* - *Last Few Sessions*: Rising Price with Surging Volume 🔥 **OneDay**: *Strong Bullish* - *Latest Tick*: Robust Price Surge Supported by Strong Volume 📈 **DonchianBand**: *Strong Bullish* - *Trending Up*: Consecutive New Highs Indicate a Strong Upward Trend 💡 **Bollinger...

ruelfernandes

Symbol: SPARC Close: 273.05 Today's Volume: 10961383 Sector: Healthcare Go Long above: 278.85 Stop Loss: 223.6 Resistance & Support: 📉 R: 282 || 291 || 303 📈 S: 261 || 249 || 240