Pivot Points
Bank Nifty Support and Resistance Levels (17/01/2024)Bank Nifty Support and Resistance Levels (17/01/2024)
#### Support Levels:
1. **Support Level 1:** 48,000
2. **Support Level 2:** 47,800
- If the market breaks below 48,000, it could signal potential downside movement.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 48,213
- Waiting for sustained movement above 48,200 could signal a potential upside move.
2. **Resistance Level 2:** 48,300
3. **Resistance Level 3:** 48,400
- These levels represent potential barriers for upwa
NIFTY: 29DEC : Last Trading Day of 2023What is expected in last trading day of the year 2023:
Based on weekly pivots,as WR1 21636 was taken out on Wednesday 27 DEC, the next upside move expect is 21922.
As weekly camrilla 4th layer pivot WH4 21688 was taken out on expiry day with gap up ,then next move upside expected is WH5 21977.
Today on expiry day got multiple resistance @ 21779.
21779 was calculated by dividing WR1 21636 and WR2 21923 by two.
i.e (21636+21923)/2=21779
For the bullish VIEW:
If tommorow open flat above 21779
FSL BO [Weekly]FSL giving a BO on weekly timeframe, huge weekly base, One can see on the chart that this stock has mutiple entry points in future as well if the momentum keeps continuing.
Past 2 weeks volume has been more than average and is a good sign in the current market. Its moving with the market direction.
Keep an eye out for this.
Bank Nifty Support and Resistance Levels (12/01/2024)### Bank Nifty Support and Resistance Levels (12/01/2024):
#### Support Levels:
1. **Support Level 1:** 47,238
2. **Support Level 2:** 47,000
- If the market breaks below 47,000, there could be additional support around 46,950.
#### Upside Resistance Levels:
1. **Resistance Level 1:** 47,400
- This level might act as a resistance point, especially if the market opens with a gap-down.
2. **Resistance Level 2:** 47,600
- If the market opens with a gap-up and sustains above 47,400,
KEC -Symmetrical Triangle breakout soon๐#KEC International Ltd:ย Provides engineering, procurement, and construction (EPC) services for the Indian Railways.
-CMP 608
-Verge of Symmetrical Triangle #breakout
-Price is at the convergence of 20,50,200SMAs
-Inside Monthly CPR
-Volume Buildup
#BREAKOUTSTOCKS #IRCON #Nifty
Polycab - Valuations at its peakPolycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales.
Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and maintained itsย "buy"ย rating
Been riding this since 2021.
Earnings are growing good every quarter.
Revenue(8 to 16K Cr),
Net prof
RITES -is on the Right way to Breakout ๐๐๐๐๐๐๐#RITES
-CMP 524.6
-Huge Volume buildup near breakout zone
-On the verge of Ascending Triangle #Breakout
-Last MontCPR is inside
-Price is above all major SMAs
-Suppt 500
#IRFC #TEXRAIL #IRCON #RVNL #BREAKOUTSTOCKS #Multibagger #nifty #StocksToBuy
#RailwayStocks #PSU #NSE
JWL - Triangle breakout ๐My view on Jupiter Wagons Ltd
-CMP 342.8
-Triangle breakout in DTF & WTF
-Huge volume buildup near breakout zone
-Narrow MonthlyCPR
-Target 370|410|More
-Support 332-323 level
-Price rises from the convergence of 20& 50SMAs
#BREAKOUTSTOCKS #jwl #nifty
#nse #SEBI #bse #Multibagger
DOLLAR BO [DAILY]DOLLAR giving a BO on daily timeframe, Just look at the volumes these last 10 days, clear indication of something going on here. Market conditions not the best for me to enter here but a good candidate to keep in watchlist to buy at the BO support level if interested.
Other names in this same theme which are interesting are PAGEIND. RUPA and LUXIND are not so good for now.
Will update further in comments if this gives a follow through post some consolidation.
NIFTY FOR 04 JAN#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance a
BANKNIFTY FOR 04 JAN#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance a
VST INDUSTRIES - RADHAKRISHNA DAMANI COMPANY UP FOR 5000 LEVELS VST INDUSTRIES, the oldest tobacco company earlier held by the NIZAMS of hyderabad.
the stock is trading at 4000. it has risen from monthly support levels of 3400-3500 to 4060 with increased volume of more than 1 lakh.
it has breached the highs and closing of Decemeber 2020 , which is 3 years earlier.
now it should be bought at any declines for 5000 levels , which will only take it to the earlier highs, from there new story will start.
also, it is being held by the ace investor mr. RadhaKrishna
DEVYANI INTL - READY FOR 270 LEVELSDEVYANI INTL
company which houses brands such as KFC and PIZZA HUT is trading at 190 odd levels which is good pivot area for executing buying orders for targets of 225 which is earlier high and then towards 270.
at 190 levels, huge buying orders are seen in terms of increase in volume on the buy side.
it may anytime move towars 220 levels.
thanks
NIFTY FOR 02 JAN#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance a























