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Candlestick Analysis

Nifty weekly expiry intraday levels for 25/12/2024Nifty has given a nice closing around the resistance zone and a good support on 20 EMA is there on 30 minutes. Tomorrow is weekly expiry and a volatile trading day will be there as all the volume will be in this only index tomorrow. Support levels :- 24460,24345 Resistance :- 24570, 24670 If market consolidate in the first half and gives a break out, trending move can be capture either side. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me. It is trading around the Hourly EMAs and has closed above it after good fall on Thursday. If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen. A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out. Resistance :- 24350, 24500, 24940 Support zone :- 24090-24140 The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTYLong
by TheMamboMomentum
Reliance Industries Dragon Fly Doji in Weekly chart at SupportHi this is Kapil, Reliance Industries took support at 1257 on weekly and monthly support area, Made Dragon Fly Doji on weekly chart as well Bulls can be seen pulling the price back above the support level of 1237. after 43% upside swing in one year from oct 2023 to oct 2024 the stock looks in minor consolidation period to a possible reversal we can plan adding reliance in our portfolio with annual returns of 25-20% for 2025 year. Next support below 1200 is at 1004. So add near here and @1015 Near term targets are 1405 and 1569 in 2025-2026. Special Note- Reliance will actually be used as index management tool so every hourly oversold portion can be seen as possible reversal for intraday basis. Consult your Financial advisor before making any decisions
NSE:RELIANCELong
by kapilbhama