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Balrampur Chini: Ethanol Policy Cheer Meets Wave 2/B SetupSugar stocks have been buzzing with news flow. First, the government allowed mills to produce ethanol from sugarcane juice, syrup, and all types of molasses without any restrictions in 2025/26. With strong monsoon rains and expanded cane acreage, supplies look abundant. The move supports India’s roadmap to hit 20% blending by 2025/26. But here’s the bitter truth: higher cane costs (₹3,400/quintal) and flat ethanol prices (~₹60–65/litre) mean ethanol margins are weak. Mills still earn far more selling sugar directly (~₹3,820/quintal). Analysts note that despite policy incentives, cane-based ethanol isn’t as profitable, leaving grain-based distilleries in a better spot than traditional sugar mills like Balrampur. Sources: in.tradingview.com in.tradingview.com Technical setup On the charts, Balrampur Chini has worked through a W–X–Y correction into the golden 0.618 retracement (498). RSI is showing bullish divergence, hinting that selling pressure is waning. Breakout above 522 could confirm a Wave 2/B bottom, setting up Wave 3/C toward 626+. Invalidation sits at 485.80 — below which the corrective structure may extend. Takeaway While policy changes sweeten the ethanol story, pricing reality tempers the optimism. Still, the chart suggests a potential bullish swing in Balrampur if resistance at 522 breaks. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BALRAMCHINLong
by WaveXplorer
4
How to Survive Gold Volatility During News Events?Hello Traders! Gold is one of the most volatile instruments in the market, especially during big news events like US Fed announcements, inflation data, or geopolitical updates. Many traders either get stopped out too early or end up chasing wild moves. So how do you survive and trade smartly when gold becomes unpredictable? Let’s break it down. 1. Understand Why Gold Reacts So Much Gold is directly linked to the US dollar, interest rates, and global fear sentiment. Whenever important data comes out, traders across the world hedge positions using gold, which creates sudden spikes in volatility. 2. Avoid Trading Before the News Gold often becomes choppy 15–30 minutes before a major event. Liquidity dries up, spreads widen, and stop losses get hunted. The safest choice is to wait until the news is released and the first move settles. 3. Reduce Position Size Instead of trading big lots, cut down your size during news events. This reduces emotional stress and allows your stop loss to be wider. Remember, survival is more important than chasing one big move. 4. Use Wider Stop Loss with Strict Risk Control Gold can spike $5–10 within seconds during news. Place your stop a little further than usual, but never risk more than your planned % of capital. Risk control matters more than perfect entries during such events. 5. Focus on the Second Move The first spike after news is often a trap, institutions trigger stops and grab liquidity. The real direction usually appears in the second move once the market digests the data. Patience gives you better entries. Rahul’s Tip: Treat gold news events as opportunities for learning, not quick profits. If you’re not confident, it’s perfectly fine to sit out, no trade is also a strategy. Conclusion: Gold volatility during news events can be dangerous if you chase blindly, but manageable if you plan well. By reducing size, waiting for confirmation, and focusing on survival first, you can turn chaos into clarity. This Educational Idea By @TraderRahulPal (TradingView Moderator) | More analysis & educational content on my profile If this post gave you a better way to handle gold volatility, like it, share your view in comments, and follow for more trading education that matters!
NSEIX:NIFTY1!Education
by TraderRahulPal
2
MARUTI 1D Time frame📊 Daily Snapshot Closing Price: ₹16,240 Day’s Range: ₹16,063 – ₹16,375 52‑Week Range: ₹10,725 – ₹16,375 Market Cap: ₹5.1 lakh crore P/E Ratio: 35.1 Dividend Yield: 0.83% EPS (TTM): ₹463.5 Beta: 0.88 (lower volatility) 🔑 Key Levels Support Zone: ₹16,100 – ₹16,150 Resistance Zone: ₹16,300 – ₹16,375 All-Time High: ₹16,375 📈 Strategy (1D Timeframe) 1. Bullish Scenario Entry: Above ₹16,300 Stop-Loss: ₹16,150 Target: ₹16,500 → ₹16,600 2. Bearish Scenario Entry: Below ₹16,100 Stop-Loss: ₹16,150 Target: ₹15,900 → ₹15,800
NSE:MARUTILong
by Knowledgehub
10
Sensex Structure Analysis & Trade Plan: 25th SeptemberDetailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The long-term trend remains bullish, but the index has decisively broken down from its short-term rising channel and is now trading within a steep corrective channel. The close is right at the 81,800 - 82,000 major demand zone. A sustained break below this zone would confirm a significant acceleration of the corrective move. Key Levels: Major Supply (Resistance): 82,400. This level was a prior support and a consolidation high, now acting as a major resistance. Major Demand (Support): 81,800 - 82,000. This is the most critical support zone. It represents a large FVG (Fair Value Gap) and a prior breakout level. A break below 81,800 would turn the 4H chart fully bearish. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear continuation of the MSS (Market Structure Shift) to the downside. The price is trading within a descending channel and has consistently made lower highs and lower lows. The market closed below its immediate horizontal support, indicating strong selling pressure. Key Levels: Immediate Resistance: 82,000. This is the key psychological and technical level the bulls must reclaim. Immediate Support: 81,600. This is the next support level that the market is likely to test. 15-Minute Chart (Intraday View) Structure: The 15M chart confirms the strong intraday downtrend. The price broke the 82,000 psychological support and bounced back to retest the broken level before falling again (classical breakdown pattern). The index closed near its lows, confirming bearish control. Key Levels: Intraday Supply: 82,000 - 82,200 (Order Block and psychological resistance). Intraday Demand: 81,600. This is the immediate support level. Outlook: The intraday bias is strongly bearish. A "sell on rise" strategy is favored as long as the price trades below 82,000. Trade Plan (Thursday, 25th September) Market Outlook: The Sensex is in a clear short-term bearish phase. The primary strategy should focus on shorting on strength or breakdown. Bearish Scenario (Primary Plan) Justification: The breakdown of the 82,000 support is a significant bearish signal, confirming the short-term downtrend. Entry: Short entry on a successful retest of the 82,000 level and rejection (sell on rise). Alternatively, a decisive break and 15-minute close below 81,600 would be a breakdown entry. Stop Loss (SL): Place a stop loss above 82,250 (above the recent OB). Targets: T1: 81,600 (Immediate support/breakdown trigger). T2: 81,400 (Next major demand zone). T3: 81,200 (Extension target). Bullish Scenario (Counter-Trend Plan) Justification: This is a counter-trend plan and should be approached with caution. It is based on a potential strong short-covering bounce. Trigger: A strong bullish reversal candle (e.g., engulfing) or a sustained move and close above 82,200. Entry: Long entry above 82,200. Stop Loss (SL): Below 82,000. Targets: T1: 82,400 (Recent swing high and resistance). T2: 82,600 (Next major supply zone). Key Levels for Observation: Immediate Decision Point: The 81,800 - 82,000 zone. Bearish Confirmation: A break and sustained move below 81,800. Bullish Confirmation: A recapture of the 82,000 level. Line in the Sand: 81,800. A break below this level is a strong signal of short-term trend reversal.
BSE:SENSEXShort
by BhardwajVipin
Banknifty Structure Analysis & Trade Plan: 25th September4-Hour Chart (Macro Trend) Structure: The long-term trend remains bullish, but the index has corrected sharply from the 55,800 - 56,000 supply zone. Crucially, the price is currently holding the major demand zone at 55,050 - 55,200. The fact that selling pressure has stalled at this level suggests bulls are defending the primary uptrend. Key Levels: Major Supply (Resistance): 55,800 - 56,000. This is the key reversal zone that must be breached to revive the strong uptrend. Major Demand (Support): 55,000 - 55,200. This is the most critical support zone. It includes the psychological 55,000 mark and a prior breakout level. As long as this level holds, the market's long-term bias is still bullish. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows the Bank Nifty is trading in a consolidation range right above the main support. While the overall momentum is corrective, the index has not shown the same sharp breakdown as the Nifty. The price is challenging the lower end of its ascending channel and testing the 55,053 support. Key Levels: Immediate Resistance: 55,400. This level is a minor resistance that coincided with the broken ascending channel line. Immediate Support: 55,000 - 55,200. This is the critical zone of defense. A break here would accelerate the fall. 15-Minute Chart (Intraday View) Structure: The 15M chart shows the index consolidating its losses. The Bank Nifty is highly volatile, indicating a major tussle between buyers and sellers at the 55,000 psychological mark. The price is currently trading in a tight range. Key Levels: Intraday Supply: 55,300. This is the top of the short-term range. Intraday Demand: 55,100. The immediate support level that must be defended. Outlook: The intraday bias is neutral-to-cautiously bullish due to the strong support below. However, volatility is likely to remain high ahead of the monthly expiry. Trade Plan (Thursday, 25th September) Market Outlook: Bank Nifty is at a major inflection point, testing a crucial support zone. The strategy must be reactive to a breakout above 55,300 or a breakdown below 55,000. Bullish Scenario (Primary Plan) Justification: The strong demand zone at 55,000 is likely to attract fresh buying interest, leading to a bounce and resumption of the short-term rally. Entry: Look for a long entry on a decisive break and 15-minute candle close above 55,300. Stop Loss (SL): Below 55,200. Targets: T1: 55,600 (Recent consolidation high). T2: 55,800 (Major supply zone). Bearish Scenario (Counter-Trend Plan) Justification: A failure to hold the 55,000 psychological support would trigger aggressive selling, leading to a deeper correction. Trigger: A break and sustained move (15-minute close) below 55,000. Entry: Short entry below 55,000. Stop Loss (SL): Above 55,150. Targets: T1: 54,800 (Next major FVG demand zone). T2: 54,600 (Extension target). Key Levels for Observation: Immediate Decision Point: The 55,000 - 55,300 zone. Bearish Confirmation: A break and sustained move below 55,000. Bullish Confirmation: A recapture of the 55,300 level. Line in the Sand: 55,000. A break below this level is a strong signal of short-term trend reversal.
NSE:BANKNIFTYLong
by BhardwajVipin
Nifty Structure Analysis & Trade Plan: 25th September4-Hour Chart (Macro Trend) Structure: The long-term trend is still technically intact, but the index has now decisively broken down from its short-term ascending channel and is trading within a steep corrective channel. The price closed right on the 25,050 - 25,100 major demand zone. This zone is a confluence of a prior breakout level, a FVG (Fair Value Gap), and psychological support at 25,000. Key Levels: Major Supply (Resistance): 25,300 - 25,400. This area is now a strong resistance zone. The price will struggle to move past this level. Major Demand (Support): 25,000 - 25,100. This is the most critical support zone. A sustained break below this area would trigger a major trend reversal and accelerate the selling. Outlook: The market is at a make-or-break juncture. As long as the Nifty holds above 25,000, the "buy on dips" strategy remains viable; otherwise, the long-term structure will turn bearish. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear continuation of the MSS (Market Structure Shift) to the downside. The index is trading within a descending channel and consistently making lower highs and lower lows. The close at 25,060 is a significant test of the support. Key Levels: Immediate Resistance: The upper trendline of the descending channel and a minor resistance at 25,180 - 25,200. Immediate Support: 25,000. This psychological level is the immediate target for bears. 15-Minute Chart (Intraday View) Structure: The 15M chart confirms the intraday downtrend. The price closed at the low of the day, within the major demand zone. The strong selling momentum from the last session suggests the bears are in control for the start of the next session. Key Levels: Intraday Supply: The 25,100 level. Intraday Demand: The 25,000 level. Outlook: The intraday bias is bearish. The market is likely to remain under selling pressure unless there is a strong gap-up. Trade Plan (Thursday, 25th September) Market Outlook: The market is now at its most critical support level ahead of the monthly expiry. The overall bias is bearish below 25,100. Bearish Scenario (Primary Plan) Justification: The market structure is bearish on the short-term charts, and a breakdown of the major 25,000 support will confirm a deeper correction. Entry: Look for a short entry on a decisive break and 15-minute candle close below 25,000. Stop Loss (SL): Place a stop loss above 25,100. Targets: T1: 24,900 (Next major demand zone, 4H chart). T2: 24,800 (Extension target). Bullish Scenario (Counter-Trend/Reversal Plan) Justification: This is a high-risk, high-reward reversal plan based on the defense of the critical macro support. Trigger: A strong bullish reversal candle (e.g., a morning star or large engulfing pattern) near the 25,000 level, or a sustained move and close above the immediate resistance. Entry: Long entry on a confirmed move and 15-minute candle close above 25,180. Stop Loss (SL): Below 25,050. Targets: T1: 25,300 (Recent swing high and FVG zone). T2: 25,400 (Next major resistance). Key Levels for Observation: Immediate Decision Point: The 25,000 - 25,100 zone. Bearish Confirmation: A break and sustained move below 25,000. Bullish Confirmation: A recapture of the 25,180 level. Line in the Sand: 25,000. The overall uptrend is broken if this level is breached.
NSE:NIFTYShort
by BhardwajVipin
Pullback or Pause Before Continuation?Markets don’t move in straight lines. They advance, they pull back, they test conviction. Trident is doing exactly that right now. 🔎 Technicals Price bounced from the ₹28 zone, reclaiming the 20 & 50 MAs. Now trading around ₹29.8, just under the 200MA. Recent red candle shows sellers still defending higher levels. Volume remains steady → no signs of panic selling yet. This isn’t collapse — it’s the pause that tests patience. 🧠 Mindset Lesson This is where most traders slip: They chase every green bar, then panic on the first red. They want “instant gratification,” not confirmation. Professionals know pullbacks are not enemies — they’re filters. A clean retest around ₹29–29.3 that holds would show buyers still in control. The breakout above ₹31 only matters if you had the discipline to wait. 👉 The lesson: Don’t confuse a pause with failure. Pullbacks are the market’s way of asking if you’re disciplined enough to wait for clarity. 💡 Save this chart. Follow for daily trading mindset + education that rewires you from beginner to master.
NSE:TRIDENTLong
by iampatilkishor
Deepak fertilizer is ready to blast....🔍 Thesis on Deepak Fertilisers (DEEPAKFERT): Technical + Fundamental Snapshot Technical outlook: The stock is showing bullish momentum—recent breakouts above key levels (e.g. around ₹1,450) have been met with confirmation. Indicators like moving averages and MACD lean positive, with many charts/screeners rating it a “Strong Buy” or “Buy.” Support / Resistance context: Current price is below its 52-week high (₹888), indicating a favourable range captured with decent upside. The pullbacks have found support at prior breakout zones, which could now act as support. Fundamentals: The company has been growing sales and profits robustly — revenue & net profit CAGR over recent years are in healthy double digits. Return on Equity (ROE) ~15-17%, debt to equity moderate (~0.6-0.7) giving some leverage but manageable. Valuation & Risks: P/E ratio of ~18-20× is not cheap but not outrageously high relative to growth and sector peers. There are some risks: Operating margins have seen pressure; the chemicals segment has had weak demand at times. Also, while debt is manageable, interest coverage and cost pressures (input, energy etc.) remain variables. Conclusion (balanced): Overall, Deepak Fertilisers appears to have a positive long-term fundamental base plus a bullish technical setup. Short-term, there is room for upside if the price can sustain above the breakout levels; downside risks exist if market sentiment turns or input costs rise sharply / demand softens.
NSE:DEEPAKFERTLong
by GOURAB_MAJUMDER
TTKHLTCARE Price ActionTTK Healthcare Ltd closed at ₹1,190 today, with a marginal decline of 0.03%. The stock traded in a tight intraday range between ₹1,189 and ₹1,205, showing sideways movement with modest trading volumes. Current price trends suggest consolidation after recent declines, as the stock has retreated significantly from its 52-week high of ₹1,770 but remains above its yearly low of ₹1,101. Technically, TTK Healthcare is hovering around its 50-day average but well below its 200-day moving average, signaling caution in the medium term. Momentum indicators remain neutral, with no decisive bullish or bearish signals emerging. Support is visible near ₹1,180, while resistance stands at ₹1,205; any sustained breakout or breakdown beyond these levels could direct the next move. Fundamentally, the company maintains a price-to-earnings ratio of about 26.65 and an EPS of ₹44.65. Dividend yield is moderate. Overall, TTK Healthcare is consolidating near lower price bands, and short-term direction will depend on movements beyond its current range, with traders watching for fresh volume or breakout signals.
NSE:TTKHLTCARELong
by KamalKJoshi
Sensex Structure Analysis & Trade Plan: 24th September On Monday, September 23, the Sensex has experienced a significant correction, breaking below its rising channel. While the market did manage to recover some of its intraday losses, the overall sentiment remains cautiously bearish for the short term. The Sensex closed at 82,149.72, down marginally by 0.01% on the day. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The long-term trend remains bullish, as the index is still trading above its early September lows. However, the last few candles show a sharp break below the rising channel, indicating a significant shift in the immediate trend. The market is now backtesting a crucial support level around 82,000. Key Levels: Major Supply (Resistance): 82,800 - 83,000. This area served as support on the way up and is now a major resistance. Any bounce is likely to be met with selling pressure in this zone. Major Demand (Support): The most critical support is the 81,800 - 82,000 zone. This area, which includes a prior breakout level and a FVG (Fair Value Gap), is the key "line in the sand" for the long-term bullish trend. A break below this would signal a major trend reversal. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear MSS (Market Structure Shift) to the downside. The price has broken below the lower trendline of the rising channel and is now making lower highs and lower lows. The market is in a clear downtrend on this timeframe. Key Levels: Immediate Resistance: The 82,400 level is a crucial resistance now. Immediate Support: The 81,800 level is the key support to watch. The price has already tested this zone. 15-Minute Chart (Intraday View) Structure: The 15M chart shows that the index is in a corrective phase, having bounced off the crucial 81,800 support. The price is now trading within a small range, consolidating its recent moves. The volatility of the past two days indicates a tussle between buyers and sellers. Key Levels: Intraday Supply: The 82,200 area, which is the high of the recent consolidation. Intraday Demand: The low of the recent consolidation and the intraday low, near 81,800. Outlook: The intraday bias is cautiously bearish. The market is likely to remain volatile as it decides its next move. Trade Plan (Tuesday, 24th September) Market Outlook: The Sensex has shifted to a short-term bearish phase. A "sell on rise" strategy seems more favorable, but a strong reversal from the key 81,800 support level is also a possibility. Bearish Scenario (Primary Plan) Justification: The market has shown a clear change in structure with a breakdown of key levels. The path of least resistance is to the downside. Entry: Look for a short entry if the price retests the 82,400 level and shows signs of rejection with a bearish candlestick pattern. Alternatively, a breakdown and 15-minute close below 81,800 would trigger a short entry. Stop Loss (SL): Place a stop loss above 82,450. Targets: T1: 81,600 (Next major support). T2: 81,400 (Psychological level and demand zone). Bullish Scenario (Counter-Trend Plan) Justification: This is a counter-trend plan and should be approached with caution. It is based on the possibility of a strong bounce from a key support level. Trigger: A strong bullish reversal candle (e.g., a hammer or engulfing pattern) near the 81,800 - 82,000 demand zone. Entry: Long entry on a confirmed bounce from the demand zone. Stop Loss (SL): Below 81,700. Targets: T1: 82,400 (Intraday resistance). T2: 82,600 (Recent swing high). Key Levels for Observation: Immediate Decision Point: The 81,800 - 82,400 zone. Bearish Confirmation: A break and sustained move below 81,800. Bullish Confirmation: A recapture of the 82,400 level. Line in the Sand: The 81,800 - 82,000 zone. The overall bullish trend is in jeopardy if this level is decisively broken.
BSE:SENSEXShort
by BhardwajVipin
Banknifty Structure Analysis & Trade Plan: 24th SeptemberDetailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The long-term trend remains bullish. The index has now corrected to test the lower end of its ascending channel and has found support. The bounce from this area on Monday is a strong signal that the overall uptrend is still intact. Key Levels: Major Supply (Resistance): 55,800 - 56,000. This level has proven to be a very strong supply zone, rejecting the price on its recent attempt. It is now a critical resistance to watch. Major Demand (Support): The most crucial support for the bulls is the 55,050 - 55,200 zone. This area, which includes a prior breakout level, is the key "line in the sand" for the current bullish trend. A strong bounce from this area would confirm the trend's continuation. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear MSS (Market Structure Shift) to the downside. The price had broken below the lower trendline of the rising channel, but Monday's session saw a strong rebound, bringing it back into the channel's vicinity. The index is now at a crucial decision point. Key Levels: Immediate Resistance: The 55,800 level, which is the high of the recent bounce. Immediate Support: The 55,400 area, which is the bottom of the previous consolidation and the lower channel trendline. 15-Minute Chart (Intraday View) Structure: The 15M chart provides a clearer picture of the intraday price action. The index opened with a sharp move down but then rallied strongly, reclaiming its lost ground. The price is now trading within a corrective pattern, but the bullish momentum from the close is a positive sign. Key Levels: Intraday Supply: The 55,800 area, which is the high of Monday's session. Intraday Demand: The low of Monday's session near 55,200. Outlook: The intraday bias is now cautiously bullish, but the market is still in a corrective pattern. The key for today is to watch for a sustained move above or below the current consolidation range. Trade Plan (Tuesday, 24th September) Market Outlook: The market is now at a crucial decision point. While the recent bounce is bullish, the overall short-term structure is still in a corrective phase. A breakout from the recent consolidation would provide a clear signal. Bullish Scenario (Primary Plan) Justification: The market has shown a strong rebound from a key support area, suggesting that the long-term trend is likely to continue. Entry: Look for a long entry on a sustained break and 15-minute candle close above the 55,800 resistance zone. Stop Loss (SL): Place a stop loss below 55,700. Targets: T1: 56,000 (Psychological level and major resistance). T2: 56,200 (Further extension of the rally). Bearish Scenario (Counter-Trend Plan) Justification: This is a counter-trend plan and should be approached with caution. It is based on the possibility that the bounce was short-lived and that the overall correction will continue. Trigger: A confirmed breakdown and 15-minute candle close below the 55,400 immediate support. Entry: Short entry on a breakdown retest of the 55,400 level. Stop Loss (SL): Above 55,500. Targets: T1: 55,200 (Intraday support). T2: 55,050 (Major demand zone). Key Levels for Observation: Immediate Decision Point: The 55,400 - 55,800 zone. Bullish Confirmation: A break and sustained move above 55,800. Bearish Confirmation: A break below 55,400. Line in the Sand: The 55,050 - 55,200 zone. The overall bullish trend is in jeopardy if this level is decisively broken.
NSE:BANKNIFTYLong
by BhardwajVipin
Nifty Structure Analysis & Trade Plan: 24th September The market sentiment has shifted from strongly bullish to cautiously bearish in the short term. The Nifty closed at 25,185.80, down 0.07% on the day, after hitting a low of 25,084.65. Detailed Market Structure Breakdown 4-Hour Chart (Macro Trend) Structure: The long-term trend remains bullish, but the index has now broken below its short-term rising channel, which is a significant sign of weakness. The last few candles show strong selling pressure, and the price is hovering right above a crucial demand zone. Key Levels: Major Supply (Resistance): 25,300 - 25,400. This area served as support on the way up and is now a major resistance. Any bounce is likely to be met with selling pressure in this zone. Major Demand (Support): The most critical support is the 25,050 - 25,100 zone. This area, which includes a prior breakout level and a FVG (Fair Value Gap), is now the key "line in the sand" for the long-term bullish trend. A break below this would signal a major trend reversal. 1-Hour Chart (Intermediate View) Structure: The 1H chart shows a clear MSS (Market Structure Shift) to the downside. The price has broken below multiple key supports and is now making lower highs and lower lows. The market is in a clear downtrend on this timeframe. Key Levels: Immediate Resistance: The 25,250 level is a crucial resistance now. Immediate Support: The 25,100 level is the key support to watch. The price has already tested this zone. 15-Minute Chart (Intraday View) Structure: The 15M chart shows that the index is in a corrective phase, having bounced off the crucial 25,100 support. However, it is now trading below the blue EMA, which acts as resistance. The price is currently consolidating between 25,150 and 25,200. Key Levels: Intraday Supply: The 25,200 area, which is the high of the recent consolidation. Intraday Demand: The low of the recent consolidation and the intraday low, near 25,100. Outlook: The intraday bias is cautiously bearish. The market is likely to remain volatile as it decides its next move. Trade Plan (Tuesday, 24th September) Market Outlook: The Nifty has shifted to a short-term bearish phase. A "sell on rise" strategy seems more favorable, but a strong reversal from the key 25,100 support level is also a possibility. Bearish Scenario (Primary Plan) Justification: The market has shown a clear change in structure with a breakdown of key levels. The path of least resistance is to the downside. Entry: Look for a short entry if the price retests the 25,250 level and shows signs of rejection. Alternatively, a breakdown and 15-minute close below 25,100 would trigger a short entry. Stop Loss (SL): Place a stop loss above 25,300. Targets: T1: 25,050 (Next major support). T2: 24,950 (Psychological level and demand zone). Bullish Scenario (Counter-Trend Plan) Justification: This is a counter-trend plan and should be approached with caution. It is based on the possibility of a strong bounce from a key support level. Trigger: A strong bullish reversal candle (e.g., a hammer or engulfing pattern) near the 25,050 - 25,100 demand zone. Entry: Long entry on a confirmed bounce from the demand zone. Stop Loss (SL): Below 25,000. Targets: T1: 25,200 (Intraday resistance). T2: 25,300 (Recent swing high). Key Levels for Observation: Immediate Decision Point: The 25,100 - 25,200 zone. Bearish Confirmation: A break and sustained move below 25,100. Bullish Confirmation: A recapture of the 25,250 level. Line in the Sand: The 25,050 - 25,100 zone. The overall bullish trend is in jeopardy if this level is decisively broken.
NSE:NIFTYShort
by BhardwajVipin
JINDALPOLY Price ActionJindal Poly Films Ltd closed today at ₹595.45, slipping slightly from the previous session. The stock traded in a tight intraday range between ₹588.05 and ₹597.80, showing muted price action after a recent attempt at a short-term rebound. Volumes remained below the 20-day average, indicating cautious sentiment and potential lack of follow-through by buyers. Technically, the stock remains below its 200-day moving average, highlighting medium-term weakness, but it has managed to hold above its 50-day average, which provides some hope for short-term recovery. The company’s 52-week high is ₹1,150, while the 52-week low is ₹505.55—a sign of significant past volatility and correction. Book value per share is considerably higher than current price, contributing to a low price-to-book ratio near 0.62, and the price-to-earnings ratio remains negative due to recent losses. Momentum indicators are neutral with no clear trend reversal signal. Despite a mild recovery in recent weeks, medium- and long-term returns remain negative. The company announced a final dividend of ₹5.9 per share, resulting in a 1% dividend yield in line with the industry average, but forward earnings outlook remains constrained and free cash flows are a concern. Overall, Jindal Poly Films is currently in a consolidation phase after a long downtrend, displaying a defensive and range-bound character. Sustained trading above ₹600–₹610 could improve bullish prospects, while a breakdown below ₹588 may lead to renewed weakness. Investors should monitor volume and price action within this narrow range for early signals of the next directional move.
NSE:JINDALPOLYLong
by KamalKJoshi
NIFTY 1D | Bearish Harmonic Pattern, RSI Rejection at ResistanceThis chart highlights a bearish harmonic setup forming on NIFTY’s daily timeframe, with key confluence at the 0.618 and 0.786 Fibonacci retracement levels. A descending trendline and ABCD points are marked, exposing short-term reversal probability. The RSI indicator shows clear rejection at the 71.4 ‘Market Breadth Resistance’ zone on both June 30 and September 18, 2025, followed by a sharp drop to 55.6 as of September 23. This confluence signals caution for bullish momentum, with support/resistance and volume metrics also annotated for clarity.
NSE:NIFTY1!
by TradeTravel_Explore
1
AXISBANK at ₹1115: Breakout or Rejection?Scrip: Axis Bank | Exchange: NSE | Timeframe: Daily Summary: Price is approaching a significant resistance level at ₹1115, which was the high of the July 18th gap-down session. A high-volume breakout above this level could trigger a move to fill the gap up to ₹1154. Conversely, a rejection at this resistance could lead to a decline. Price Action Analysis: Key Resistance: ₹1115 (The high of the massive gap-down day on July 18). This is the key level to watch. Gap Analysis: The gap exists between the July 17 low (₹1154) and the July 18 open (₹1090). The first major hurdle to filling it is overcoming the ₹1115 high from that same day. Key Support: ₹1050 (Recent Swing Low). Scenario 1: Bullish Breakout (Gap Fill Play) This scenario requires a true breakout, confirmed by a strong volume surge. Trigger: A daily candle closing decisively above ₹1115. Volume Confirmation: The breakout must be supported by significantly higher-than-average volume. This is essential for a "true" breakout and confirms real buying pressure. Entry: High of the breakout candle (on closing basis). Stop Loss: Low of the breakout candle. Target: ₹1154 (To fill the July gap). Scenario 2: Bearish Rejection (Resistance Hold) This scenario plays out if the ₹1115 level holds as strong resistance. Trigger: A clear bearish reversal candlestick at the ₹1115 resistance (e.g., a Shooting Star or Bearish Engulfing pattern on the daily timeframe). Entry: Low of the reversal candle. Stop Loss: High of the reversal candle. Target: ₹1050. Disclaimer: This is a technical analysis idea and not financial advice. Trading carries a risk of loss. Past performance is not indicative of future results. Always conduct your own research and manage your risk appropriately.
NSE:AXISBANKLong
by Alert_Trader