SOUTHBANK By KRS Charts2nd Jan 2025 / 1:05 PM
Why SOUTHBANK ❓
1. Fundamentally Stable Company ✅
2. Wave Count seems like 4th Wave is about to Finish. 👍
3. Currently taking support on 100 EMA 1W Timeframe with Bullish Doji candle.
4. Descending Flag Pattern Breakout with Retest with bullish trait 📈
Initial Target - ~34 Rs.
SL 1W Closing below 100 EMA
Chart Patterns
BANK NIFTY FOR 02 MARCH 2025Market Structure & Observations
Downtrend with Weak Pullbacks
The price has broken below multiple resistance levels and is now struggling near 48,262.50.
Weak pullbacks suggest bearish momentum remains strong.
Critical Support Zone: 48,069.85 – 47,925.60
If price sustains below 48,262.50, it may test 48,069.85.
A further breakdown could push the price toward 47,925.60 and 47,673.20.
Bullish Recovery Possible Above 48,583.55
A strong close above 48,583.55 (Breakout Level) can trigger a bullish move toward 48,656.90 and 48,786.95.
However, resistance remains strong in that zone.
NIFTY 50 FOR 02 MARCH 2025Bearish Momentum: The price is trading below the Breakout Level (22,172.35) and resistance levels, indicating weakness.
Support Holding: The price is near Support-1 (22,061.05). If it holds, a bounce-back may occur; otherwise, further downside is expected.
Lower Highs Formation: Indicates a downtrend continuation unless price reclaims resistance levels.
Trading Insights
Bullish Case: If the price reclaims 22,172.35 and sustains, it may move towards 22,247.45 and 22,335.65.
Bearish Case: If 22,061.05 breaks, the next targets could be 21,960.05 and 21,859.50.
Maha Apex - Very Low-Risk setupThe stock price has come to its half in the last 6 months.
This time comes to a crucial low level at multiple support, as seen on the chart.
If it reverses from these levels, it can be a good trade setup with a small risk and big rewards.
The projected targets may be 130/160 or even more.
One has to keep the position size in accordance with the risk management.
All these illustrations are only for learning and sharing purposes, not a buy or sell recommendation.
All the best for your trading journey.
CNXFINANCE seems stronger compared to NIFTY50. Disagree?Refer to the enclosed comparison of NSE:CNXFINANCE and $NIFTY50.
NSE:CNXFINANCE looks stronger than $NIFTY50 and is evidenced by some Finance sector stocks coming out of the base.
Have a look at NSE:BAJFINANCE , NSE:BAJAJFINSV , NSE:CHOLAFIN , NSE:CHOLAHLDNG and NSE:SHRIRAMFIN
But given the Market Stance, which is too Weak, I prefer to Watch all these stock than trade.
What's your view?
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Hero MotoCorp has a strong presence in India and international markets, with a focus on fuel-efficient and affordable two-wheelers. The company has also been investing in electric mobility and sustainable transportation solutions.
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Bank nifty trades and targets for - 3/3/25Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. If we do trades in between these zones premium eating will happen and we end up seeing losses. Book profits every 100 points as we are getting very few trending moves. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Nifty trades and targets for - 3/3/25Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 40 points as we are getting very few trending moves.