TradeAXN Official Trading Plan for the Day (Use 5 min timeframe) πΉ Bank Nifty & Nifty 50 Analysis with Key Levels πΉ Watch for Breakouts & Pullbacks πΉ Follow Risk Management & Stick to Your Plan!
π Follow for Live Market Insights! π Instagram: @tradeaxn_11 π YouTube: TradeAXN
π Current Price: βΉ258.20 (+8.99% today)
π Time Frame: Weekly
Key Observations:
Price Action: ONGC has shown a significant recovery with price rising 8.99% in today's session. It's essential to watch if this momentum can continue or if it hits resistance levels ahead.
Support Levels:
Key Support Zone: βΉ220 - βΉ233 (highlighted in purple). This area has held as support previously and is crucial for bullish momentum.
If prices dip below this range, expect a struggle that could lead to further declines.
Resistance Levels:
The 0.382 Fibonacci level at βΉ260.34 will act as immediate resistance. A breakthrough here could lead to testing higher targets.
The upper resistance zone is located around βΉ346.04, a level to keep an eye on for potential targets.
Volume Analysis: The recent uptick in volume suggests increased buying interest. Look out for how volume behaves around key levels; strong volume on upward moves is bullish, while waning volume could indicate exhaustion.
Trend Insight: The overall trend remains bullish since early 2023, indicated by the upward sloping dashed trendline.
Whatβs Next?
Traders should observe if ONGC can maintain momentum above βΉ260. The next few sessions will be critical to confirm whether we see upward continuation or a retracement.
Stay tuned for updates! What are your thoughts? ππ¬
HFCL is currently at a critical support zone around 120-125. This level has historically acted as strong support, potentially setting up for a bullish reversal. Watch for price action and volume confirmations to enter.
Entry: Near 127-130 Targets: 140, then 150 if momentum holds Stop Loss: Below 120
TradeAXN
7 months ago | [YT] | 1
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TradeAXN
TradeAXN Official Trading Plan for the Day
(Use 5 min timeframe)
πΉ Bank Nifty & Nifty 50 Analysis with Key Levels
πΉ Watch for Breakouts & Pullbacks
πΉ Follow Risk Management & Stick to Your Plan!
π Follow for Live Market Insights!
π Instagram: @tradeaxn_11
π YouTube: TradeAXN
1 year ago | [YT] | 2
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TradeAXN
Index analysis of the day π
Go through Lowe time frame.
1 year ago | [YT] | 1
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TradeAXN
"π Market Update (Jan 6, 2025):
US Markets: Closed higher; S&P 500 up 1.8%, Nasdaq up 2.5%.
India: GIFT Nifty indicates a positive Nifty 50 opening.
Asia: Markets trading higher; Taiwan Weighted gains 2%.
Stay tuned for more updates!
#MarketNews #TradeAXN #StockMarket
Disclaimer: This post is for educational purposes only."
1 year ago | [YT] | 2
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TradeAXN
π Weekly Technical Analysis of ONGC (NSE) π
π Current Price: βΉ258.20 (+8.99% today)
π Time Frame: Weekly
Key Observations:
Price Action: ONGC has shown a significant recovery with price rising 8.99% in today's session. It's essential to watch if this momentum can continue or if it hits resistance levels ahead.
Support Levels:
Key Support Zone: βΉ220 - βΉ233 (highlighted in purple). This area has held as support previously and is crucial for bullish momentum.
If prices dip below this range, expect a struggle that could lead to further declines.
Resistance Levels:
The 0.382 Fibonacci level at βΉ260.34 will act as immediate resistance. A breakthrough here could lead to testing higher targets.
The upper resistance zone is located around βΉ346.04, a level to keep an eye on for potential targets.
Volume Analysis: The recent uptick in volume suggests increased buying interest. Look out for how volume behaves around key levels; strong volume on upward moves is bullish, while waning volume could indicate exhaustion.
Trend Insight: The overall trend remains bullish since early 2023, indicated by the upward sloping dashed trendline.
Whatβs Next?
Traders should observe if ONGC can maintain momentum above βΉ260. The next few sessions will be critical to confirm whether we see upward continuation or a retracement.
Stay tuned for updates! What are your thoughts? ππ¬
#ONGC #TechnicalAnalysis #StockMarket #Investing
1 year ago | [YT] | 1
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TradeAXN
π Nifty 50 Intraday Breakout Update π
Nifty 50 has broken out from a descending triangle pattern on the 15-minute chart. This breakout suggests bullish momentum! π
Key Levels:
Support: 24,200-24,250
Resistance: 24,400-24,500
Trade Ideas:
β‘οΈ For Bulls: Enter near 24,250 for a target of 24,400/24,500.
β‘οΈ For Bears: Short below 24,200 if the breakout fails.
Stay cautious and watch for volume confirmation!
#Nifty50 #BreakoutTrading #TechnicalAnalysis #StockMarket #TradingSetup
1 year ago | [YT] | 1
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TradeAXN
Levels #nifty50 # Analysis
1 year ago | [YT] | 1
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TradeAXN
Nifty 50 and Banknifty levels #price action #TradeAXN
1 year ago | [YT] | 1
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TradeAXN
Top levels with price action #TradeAXNβ‘ππ―
1 year ago | [YT] | 1
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TradeAXN
π HFCL Weekly Analysis π
HFCL is currently at a critical support zone around 120-125. This level has historically acted as strong support, potentially setting up for a bullish reversal. Watch for price action and volume confirmations to enter.
Entry: Near 127-130
Targets: 140, then 150 if momentum holds
Stop Loss: Below 120
#HFCL #StockAnalysis #SupportZone #PriceAction #SwingTrade
1 year ago | [YT] | 1
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