Silver Zone to Zone trading Silver took rejection from Demand Zone & Reach the target supply Zone .
Zone to Zone trading Done .
"Nothing compares to the accuracy of the AI Quant-X indicator, which plots zones right at the start of the trading day—zones where the market often reverses with precision. Why rely on outdated methods when AI can work its magic for you? Stay patient, and only trade when the market reaches these zones. Watch for rejection candles or breakout/breakdown signals, and trade accordingly, targeting the next zone. Remember, it’s not about trading more—it’s about trading smart. Trade less, trade right."
Contains IO script
Natural Gas Zone to Zone DoneNatural Gas Demand Zone to Supply Zone Done .
"Nothing compares to the accuracy of the AI Quant-X indicator, which plots zones right at the start of the trading day—zones where the market often reverses with precision. Why rely on outdated methods when AI can work its magic for you? Stay patient, and only trade when the market reaches these zones. Watch for rejection candles or breakout/breakdown signals, and trade accordingly, targeting the next zone. Remember, it’s not about trading more—it’s about trading smart. Trade less, trade right."
Reliance Industries: Opportunity in a Demand Zone ConfluenceReliance Industries Limited (RIL), one of India’s largest conglomerates, has recently experienced a drop in its share price. In the second quarter of FY25, the company reported a 5% decline in consolidated net profit, down to Rs 16,563 crore. While this has weighed on the stock price, it also presents a buying opportunity for traders.
Chart Analysis: A Confluence of Demand Zones
Let’s take a closer look at the technical picture. If you analyze the weekly chart of Reliance Industries, you’ll notice that the stock is currently trading in a demand zone . This zone is an area on the chart where there is strong buying interest, and it could potentially support the price, leading to a bounce.
What makes this setup more attractive is that the stock is also sitting in a daily demand zone , creating a confluence between the two timeframes. Confluences like this increase the probability of a successful trade since multiple factors align in the same direction.
Entry 1: Reversal Candlestick Pattern at the First Demand Zone
The first potential entry point for a trade comes from the RBR (Rally-Base-Rally) zone , which is the current demand zone on the weekly chart. If you observe a reversal candlestick pattern , this could signal the start of a move higher.
Wait for a confirmation of the reversal pattern before entering the trade. This pattern could serve as a signal that the market is ready to rally from the current demand zone. Let’s call this Entry 1 .
Entry 2: The Second Demand Zone - A Stronger Opportunity
If the price continues to drop, there’s a second RBR demand zone below the current one, and this could provide an even better buying opportunity. What makes this zone particularly strong is that it coincides with a previous resistance level, which could now act as support again .
This is known as the Act of Polarity , where old resistance becomes new support & this is also confluence. Entry 2 is compelling because the stock had previously been in a tight consolidation, and this demand zone formed as the price broke out of that consolidation. Now, as the price approaches this zone again, it’s a high-probability area for a bounce.
For Entry 2, you can place a stop-loss just below the demand zone, allowing a small buffer. This will protect your trade if the price falls further. Your first target could be the daily supply zone around 2928.
Despite recent setbacks, Reliance remains one of the strongest companies in India, with diversified business interests across sectors like telecom, retail, and energy. The current pullback is more of a short-term correction rather than a sign of fundamental weakness.
The confluence of demand zones on the weekly and daily charts offers traders a high-probability setup in Reliance Industries. While waiting for a reversal candlestick pattern at the first demand zone is a more conservative approach, the second demand zone presents a stronger opportunity due to confluence of its location at a previous resistance level, which now acts as support. Proper risk management with a stop-loss below the second demand zone ensures that traders are protected if the price drops further.
Lastly, thank you for your support, your likes & comments.
Disclaimer: This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
16 Oct 2024 - Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames
Index: Nifty 50
Date: October 15, 2024
Time Frames:
Weekly (1W)
Monthly (1M)
Daily (1D)
5-Minute (5)
2. Support and Resistance Levels
Support Levels:
Daily: Approximately 25,000
Weekly: Approximately 24,800
Resistance Levels:
Daily: Approximately 25,200
Weekly: Approximately 26,200
3. Market Scenario for Next Trading Day
Expected Gap Likely to open flat or with a slight gap down based on recent price action.
Market Trend Range-bound to slightly bearish.
Timing Initial volatility in the morning, potentially stabilizing in the afternoon.
4. Options Strategies for Next Trading Day
Specific Strategies:
Bull Put Spread: If the market shows signs of holding above support.
Bear Call Spread: If resistance levels are tested and rejected.
Strikes:
For Bull Put Spread: Sell 25,000 and buy 24,800.
For Bear Call Spread: Sell 25,200 and buy 25,400.
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: 25,000
Weekly: 25,200
Monthly: 25,500
5b. Daily, Weekly, and Monthly Trends
Daily Slightly Bearish Support: 25,000, Resistance: 25,200
Weekly Bullish (but testing resistance) Support: 24,800, Resistance: 26,200
Monthly Bullish Support: 24,500, Resistance: 26,500
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Morning session
ITM Don't Trade All day
OTM Trade (with caution) Afternoon session
Conclusion
The analysis suggests a cautious approach for the next trading day, focusing on support and resistance levels. Adjust your strategies based on real-time market movements and news.
Disclaimer : Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
15 Oct 2024 - Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Nifty 50 Index
Date: October 14, 2024
Time Frames:
Monthly (1M)
Weekly (1W)
Daily (1D)
5-Minute (5)
2. Support and Resistance Levels for Next Trading Day
Support Levels:
First Support: 25,000
Second Support: 24,800
Resistance Levels:
First Resistance: 25,200
Second Resistance: 25,400
3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Up
Market Trend Bullish initially, then range-bound
Timing Initial bullish momentum in the first hour, followed by consolidation
4. Options Strategies for Next Trading Day
Recommended Strategies:
Bull Call Spread: Buy 25,100 Call, Sell 25,200 Call
Long Call: Buy 25,200 Call for bullish sentiment
Short Put: Sell 25,000 Put to capitalize on potential support
5a. Calendar Spread Strategy
Recommended Strikes:
Daily: Buy 25,100 Call, Sell 25,200 Call
Weekly: Buy 25,200 Call, Sell 25,300 Call
Monthly: Buy 25,300 Call, Sell 25,400 Call
5b. Daily, Weekly, and Monthly Trends
Daily Bullish 25,000 (Support), 25,200 (Resistance)
Weekly Bullish 24,800 (Support), 25,400 (Resistance)
Monthly Bullish 24,500 (Support), 26,000 (Resistance)
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Best during initial hour
ITM Trade Good for bullish scenarios
OTM Don't Trade Avoid unless strong bullish signal
Summary
The market is expected to open slightly bullish, with initial momentum followed by a range-bound phase. The recommended strategies focus on bullish positions, particularly around the 25,100 and 25,200 strikes. The calendar spread can be effectively utilized across daily, weekly, and monthly options.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
M_MFIN WEAKER CHART STRUCTURE LETS SEE HOW IT SUSTAINSMahindra & Mahindra Financial Services Ltd. an interesting stock with weak chart structure
1. RSI on daily slipped below 40
2. Big Anchor Red Candled formed on the chart with price trading below major moving averages
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix
14 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames
Index: Nifty Bank Index
Date: October 11, 2024
Time Frames:
Daily (1D)
5-Minute (5M)
Weekly (1W)
Monthly (1M)
2. Support and Resistance Levels for Next Trading Day
Support 1 51,000
Support 2 50,800
Resistance 1 51,500
Resistance 2 51,750
3. Scenario for Next Trading Day
Slight Gap Down Bearish Expect initial selling pressure due to recent bearish candle on the daily chart.
Timing 9:15 AM - 10:30 AM Initial volatility expected, watch for support at 51,000.
Midday Range-bound Possible consolidation around 51,200.
Afternoon Slightly Bullish If support holds, potential recovery towards 51,500.
4. Options Strategies for Next Trading Day
Bull Call Spread Buy 51,200, Sell 51,500 Limited risk with potential upside if market recovers.
Bear Put Spread Buy 51,000, Sell 50,800 Hedge against further downside if market breaks support.
5a. Calendar Spread Strategy
51,200 (Daily) October 12, 2024 Capture short-term volatility.
51,500 (Weekly) October 19, 2024 Longer-term view if bullish trend develops.
51,000 (Monthly) November 2024 Hedge against potential downturn.
5b. Daily, Weekly, and Monthly Trends
Daily Bearish Recent bearish candle, potential for further downside.
Weekly Neutral Consolidation phase, waiting for direction.
Monthly Bullish Overall trend remains bullish, but recent pullback observed.
6. Trading Recommendations for ATM, ITM, OTM
ATM Trade 9:15 AM - 10:30 AM High volatility expected, good for quick trades.
ITM Don't Trade All Day Higher risk, less favorable for options buyers.
OTM Trade 10:30 AM - 3:30 PM Potential for high reward if market moves favorably.
Summary
Market Opening: Slight gap down expected.
Support and Resistance: Key levels identified for trading decisions.
Options Strategies: Specific strategies tailored for the next trading day.
Trends: Mixed signals across time frames, indicating caution.
This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
11 Oct 2024 Bank Nifty Predictions (Next Trading Day)1. Index Chart Details
Index: Bank Nifty
Date: October 10, 2024
Time Frames:
Daily (1D)
Weekly (1W)
Monthly (1M)
5-Minute (5M)
2. Support and Resistance Levels for Next Trading Day
Support 1 51,250
Support 2 51,000
Resistance 1 51,800
Resistance 2 52,000
3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Up (around 51,600)
Market Sentiment Bullish initially, then may turn range-bound after initial movement
Timing - Open: Slightly bullish- Midday: Potentially range-bound
Overall Outlook Start bullish and then range-bound as profit booking may occur after initial rise
4. Options Strategies for Next Trading Day
Recommended Strikes:
ATM Strike: 51,500 Call Option
ITM Strike: 51,000 Call Option
Strategy:
Buy Call Options: Focus on the ATM and ITM strikes to capitalize on the expected bullish opening.
Target: Aim for a quick profit on the initial move, then consider exiting or adjusting positions if the market turns range-bound.
5a. Calendar Spread Strategy
51,500 Sell (Weekly) This week To capture premium decay as the market stabilizes
52,000 Buy (Monthly) Next month To hedge against potential upward movement
5b. Daily, Weekly, and Monthly Trends
Daily Bullish Upward
Weekly Bullish Upward
Monthly Bearish Downward
6. Trading Recommendations for ATM, ITM, and OTM
ATM Trade Best during initial market hours (9:15 AM - 11:30 AM)
ITM Trade Good for quick profits in the morning session
OTM Don't Trade Avoid unless strong bullish signals are present
General Better Not to Trade If market shows signs of reversal after initial bullish move
Summary
Next Trading Day: Expect a slight gap up with initial bullish momentum, followed by potential range-bound trading.
Focus on ATM and ITM options for quick profits, and consider a calendar spread for hedging.
Monitor support and resistance levels closely to adjust your strategy as needed.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.