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BankNifty: Magic of Historical Levels- Can we hold 49183?(Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before making any trading decisions.) As anticipated earlier in the day at 12:03 pm BankNifty faced selling pressure right at the resistance zone of 49,600-49,665, leading to a sharp fall. Sharp Fall After 45 mins of Patience at 12:45 pm Was the sharp fall outcome of any pattern you recognise in ElliottWave - If so what is it? Did you notice it halted in 49600-49665 zones & to be precise it was 49600---Wow!!! Historical levels once again proved their significance, as we initially expected support near 49,350-49,375, but when momentum takes over, markets can surprise. The big question ? Will BankNifty hold at 49,183 & 48,900 (precisely 48,906), or are we set for a deeper plunge? The impulsive Y-Wave began at 47,845 in the WXYXZ proposed correction and if corrections tend to fully retrace, a test of those levels remains a possibility. And what about Nifty? Could we see a slide towards 23,800? 🤔 Only time will tell. Key Takeaways: ✅ Resistance worked like magic at 49,600-49,665. ✅ Support zones were tested but didn’t hold up in the sharp fall. ✅ Will 49,183 & 48,900 act as a base, or do we head lower to 47,845? ✅ Corrections often retrace fully—watch for further price action. Historical levels remain key—markets have their own mind! Catch Me With Another Exciting Episode from WaveTalks- Market Whispers! Can You Hear Them?
NSE:BANKNIFTY
by WaveTalks
5
XAU#15:Gold Price Hits Record High–How to Profit From This Trend💎 💎 💎 So gold has hit 2900 and beyond. Prices continue to rise. Let's plan the next trade OANDA:XAUUSD : 💎 💎 💎 1️⃣ **Fundamental analysis:** —————————————————————————————————————————— ⚫US President Donald Trump's new tariff plan has raised concerns about a trade war, causing investors to flock to safe-haven assets. Gold prices rose to a record $2,900/ounce, while silver prices also surpassed $32/ounce. ⚫Trump announced a 25% tariff on imported steel and aluminum, and announced reciprocal tariffs on all countries. ⚫This has increased trade tensions and pushed gold prices higher. Analysts say gold still has room to rise amid economic uncertainty and Trump's unpredictable trade policies. ⚫Global gold demand, especially from China, has also supported gold prices. China increased its gold reserves for the third consecutive month and allowed insurance companies to invest in gold, which could free up billions of dollars in funds. ⚫ However, a sharp rise in FOREXCOM:XAUUSD prices could make it more expensive for investors ⚫While gold is a safe haven, high interest rates could reduce its appeal. The Federal Reserve remains cautious on monetary policy due to high inflation and the uncertain impact of Trump's tax policies on the economy. 2️⃣ **Technical analysis:** 🔹 **D Frame**: Yesterday closed with a large candle. This appeared at the historical peak, so it is easy to understand why today's opening session we witnessed such strong fluctuations in gold 🔹 **H4 Frame**: The price structure has not changed. The uptrend is still continuing. Although the price is considered too high, the price line still reflects the absolute dominance of the bulls 🔹 **H1 Frame**: The price line has reached the top of the expanded price channel and has reacted. There is a high possibility that there will be a correction to a lower price zone 3️⃣ **Trading plan:** ⛔ The conflict in basic information data over the weekend is clearly reflected in the price line. At the moment, we should wait for price reactions at important support areas to establish positions. ✅ Looking at the price line, the old peak area has been rejected and there is a high possibility that we will have a slight correction to gain momentum to move to a higher price zone. The end of the W candle shows that the uptrend of Gold has not shown any signs of ending. Prioritize trading in line with the main trend. 💪🚀 **Wishing you successful trading!**
OANDA:XAUUSD
by TonyL0ng
Bank Nifty Beautiful ConsolidationHello friends best wishes to all of you from my side, as you all know that current government is going to present it's Union Budget in two days and as we have seen on the day of the budget or a day or two before it the major indices of the market make very uncertain movements. Therefore I have made a chart of Bank nifty which is very easy to understand. So on the available chart we can see that for the last few days Bank Nifty has been trading in a very small range which we can call a consolidation in a parallel channel and in case of a breakout of this channel in any direction we can see the pattern based targets coming. I understand that there will be a lot of volatility in the markets due to the budget that's why after the range breakout I will place the stop loss only when it closes in the opposite direction of the range. I hope that the charts presented by me will definitely help you in some way or the other on your charts or your setups. Hope you like this publication. Best regards- Amit.
NSE:BANKNIFTY
by AMIT-RAJAN
1
Why Traders Ignore Stop-Losses—and How to Fix It Why Traders Ignore Stop-Losses Despite Knowing They Should: The concept of a stop-loss is one of the first things every trader learns. Yet, many fail to follow it when it matters the most. Ironically, the very tool designed to protect capital is often ignored, leading to massive drawdowns or even account wipeouts. But why does this happen? If traders understand that stop-losses are crucial, what stops them from executing them? In this article, we’ll dive deep into the psychological and behavioral reasons behind this phenomenon. 1. The Illusion of Control Many traders believe they have more control over the market than they actually do. They think, “The price will bounce back soon.” “I can handle this drawdown.” “Let me just wait a little longer.” This false sense of control leads to hope-based trading rather than rule-based trading. The market, however, doesn’t care about personal expectations. How to Fix It? Accept that no one can control the market. Focus on controlling your reaction, not the outcome. Set stop-loss orders in advance to prevent emotional interference. 2. The Pain of Being Wrong Taking a loss feels like admitting defeat. No one likes being wrong, and in trading, a stop-loss confirms that your analysis was incorrect. This leads to a dangerous mindset shift: “If I don’t sell, I haven’t lost yet.” “I’ll wait for a reversal so I don’t have to accept failure.” This refusal to accept small losses often results in bigger losses, trapping traders in hope mode rather than risk management mode. How to Fix It? Shift your mindset: A stop-loss is not failure; it’s a business expense. Track your trades and review them objectively. Did following your stop-loss prevent bigger losses? 3. Anchoring Bias: The Entry Price Obsession Traders often anchor themselves to their entry price instead of current market conditions. If a stock was bought at ₹500 and falls to ₹480, the trader still sees ₹500 as the "real" value. This prevents them from accepting the loss and moving on. But markets don’t care about your entry price. They move based on supply and demand, not personal expectations. How to Fix It? View every trade as an independent event, not a battle to win back losses. Ask yourself: If I were entering fresh, would I still buy this? 4. Overconfidence and Revenge Trading Some traders, especially those who had a series of winning trades, start believing they are invincible. They stop respecting stop-losses, thinking: “I can always recover.” “The market has to move in my favor.” This overconfidence often turns into revenge trading, where traders double down to recover losses quickly, leading to even bigger drawdowns. How to Fix It? Respect risk management at all times, regardless of recent success. Use a fixed risk percentage per trade to avoid emotional trading. 5. The "One Last Chance" Mentality Many traders move their stop-loss further away instead of exiting, hoping for a last-minute reversal. This often results in: ✅ Small losses turning into big losses. ✅ Account drawdowns that are hard to recover from. How to Fix It? Never move your stop-loss in the wrong direction. Follow a pre-defined exit plan before entering a trade. 6. The Fear of Missing Out (FOMO) Some traders remove stop-losses because they fear getting stopped out right before the price moves in their favor. But this is a part of trading. No strategy has a 100% win rate. How to Fix It? Understand that stopping out is part of the game. Instead of fearing losses, focus on your overall risk-reward ratio. Conclusion: Following Stop-Losses is a Skill, Not Just a Rule Ignoring stop-losses is not a technical problem; it’s a psychological one. Successful traders understand that losses are an inevitable part of the game. The key is to: ✅ Detach emotions from trading decisions. ✅ Accept small losses as the cost of business. ✅ Follow a disciplined risk management plan. If you’re still struggling with following stop-losses, ask yourself: "Am I here to win trades, or am I here to make money?" The best traders protect their capital first. Everything else follows.
NSE:NIFTYEducation
by keshevdugar
Zone of DismayIf you look at the charts it has clearly broken the crucial support of 23332 which was the last years 03 June 2024 high which was the one of biggest spinning days. So markets are now in big selling mode and the parallel channel was formed making 6 touchdowns around the level of 23332 and that's the biggest issue as of now. On precise levels the markings are made on the chart indicating the further support and resistance coming ahead timespan. I felt that another major reason for such weakness is the Gold and other commodities rally which is very sharp and Black gold is sluggish and till the US Administration is not clear what they want from global economies markets will remain in sideways to bearish mode.
NSE:NIFTYShort
by Vipuljain5
Nifty Future 11 Feb 2025, Decisive Level 23540For date, 11 Feb 2025 , Sellers have a dedicated level of 23540 , which prove to be decisive for 11th feb. I will definately keep this in mind before entering a trade and above area is for bulls and below area is for bears (I believe). Disclaimer: Don't trade with real money, and if things work out, it's probably just luck. I don't have any formal expertise of this topic and am currently learning by studying errors. I myself doing paper trading only
NSE:NIFTY1!Short
by STtraderr
NIFTY50 - WHAT IS NEXT?Symbol - NIFTY50 CMP - 23700 The Nifty50 is still trading within a falling channel pattern, which continues to highlight a bearish technical structure. Currently, the index is facing resistance at the upper end of this channel, between 23700 - 23820. Given the ongoing downtrend and resistance levels, there is a strong possibility that Nifty may experience a pullback from these levels. Nifty is likely to continue trading within this channel, and in the short term, we could see a correction back towards the 23000 - 22800 region. These levels would act as near-term support, as they align with previous lows and key technical levels. However, if the Nifty breaks above the upper boundary of this channel and manages to sustain above it, the short-term trend could shift from bearish to a more sideways. Such a breakout would indicate a possible consolidation phase, though a shift in trend would require sustained strength above the channel's resistance. In the event that Nifty undergoes further correction and moves towards the 22500 - 22300 range, this would present an excellent opportunity to buy the dips. At these levels, valuations are expected to become attractive, and investing in strong stocks for the medium to long term could provide solid growth potential as prices at this range could offer significant upside potential. Thus, while the immediate outlook remains bearish with resistance holding firm, the deeper correction could offer great entry points for investors looking to capitalize on potential market growth over time. Key resistance levels remain around 23750 - 23900, and support is expected at 22850 - 23000. The 22500 - 22300 region is a crucial area for potential buyers. Traders should stay alert to a possible shift in trend if the upper boundary of the falling channel is broken.
NSE:NIFTYShort
by akshit_official
2
Adani Ports - Sideways opportunity to playStock making lower highs past few months But not actually making new from 2+ months Right now stock made a strong demand zone before going up Feels like it will be tested once before actually breaking the trend line So a good straddle candidate with right volatility Or a good trend trading can be done at both levels Trade cautiously considering all the factors and taking confirmation from lower time frames as market may remain choppy for at least 2 3 months more
NSE:ADANIPORTS
by Vishy5
CAD/JPY Bullish Reversal from Demand Zone?CAD/JPY is showing signs of a potential bullish reversal after testing a key demand zone around 105.00-105.50. The presence of buyers in this area confirming potential upward momentum. Price action indicates a break of the descending trendline, signaling a shift in market structure. If bullish momentum continues, the next key resistance to target is around 107.97. A long position could be considered with an entry near 106.00, a stop loss below the demand zone, and a potential take profit at 107.97. Key Factors: ✅ Presence of buyers in demand zone ✅ Trendline break & liquidity sweep LMK your opinions in comments below! 🚀
Long
by nth_trader
Paytm - Technical🇮🇳👉#Paytm shares have seen significant volatility. There was a notable surge of 4.53% on February 3, 2025, reaching an intraday high of ₹783, following strategic moves and renewed investor confidence. However, the stock has experienced a rollercoaster ride, with a 52-week low of ₹310 in mid-2024 due to regulatory concerns and a peak at ₹1,062.95 during the fintech boom of early 2024.🤞 ➡️💘 Here a Technical 📉Chart about Paytm based on recent data for your reference
NSE:PAYTM
by renderwithme
#Nifty directions and levels for February 11th:Good morning, Friends! 🌞 Here are the market directions and levels for February 11th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bearish sentiment. Today, the market may open neutral or with a slight gap-up, as Gift Nifty indicates a positive sign of 60 points. In the previous session, both Nifty and Bank Nifty closed negative. However, the structure still appears range-bound with a bearish bias. So, if the gap-up sustains, the market could attempt to reach the top of the range in the upcoming days. On the other hand, if it breaks the previous day's low, the correction may continue further. I have taken the chart sentiment based on this—let's look at that. Both Nifty and Bank Nifty structures are similar. Nifty Current View The current view suggests that, based on the structure, the gap-up may not sustain. So, if the market starts declining, it could reach a minimum of 23,319 to 23,289. After that, if it consolidates or breaks this level, we can expect the correction to continue. On the other hand, if it finds support there, it could form a range-bound structure between the 50% upside level and the bottom at 23,289. Alternate View The alternate view suggests that if the market sustains the gap-up, it could reach a minimum of the 38% and 50% levels. But both are major resistance levels. So, if the market rejects at these levels, it may consolidate between the 50% level and 23,289 with a bearish bias. However, if the market breaks the 50% level with a strong candle or after some minor consolidation, it could reach the 78% level in this minor swing.
NSE:NIFTY
by Manickamtraders