AI16Z bullish path started.1. Price came out of the accumulation channel and formed the cup and handle.
2. volume was increasing we can observe at the bottom.
3. break out of the 0.56 and consolidate the above leads to AI16Z at nearly 1 dollar.
4. I think we still entered my entry around 0.3181. (swing trade).
5. above the 0.46 chart was bullish below this level price go consolidation.
DYOR (not financial advice)
Community ideas
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders!
I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 .
If we gap up above buyside, which is what I expect, it would be an easy day for shorts.
If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 .
But whatever the gap scenario is, my draw remains towards 22786.90...
GLGT!
Not financial advice.
ABFRL - Expecting more fall from this point nowAs expected & explained in my Jan 22nd analysis that stock would not go upside beyond 288
It tried twice but finally resisted and fell
And while falling it now broke important support area near 260-62
So now when its pulling back, it is expected to repeat previous pattern and resist the area of 260 - 62
As it is now the new resistance as well as the flip zone, so the changes are very high
Downside 1st stop can be expected at 250 at the least, further will update, when time arrives
Nifty Intraday Analysis for 12th February 2025NSE:NIFTY
Index closed near 23070 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 99.23 Lakh 23400 Strike – 79.45 Lakh
23300 Strike – 71.23 Lakh
Put Writing
22500 Strike – 91.19 Lakh
22700 Strike – 84.36 Lakh
22800 Strike – 61.43 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.
Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
EURJPY - TRADING AT DEMAND ZONESymbol - EURJPY
EURJPY is currently trading within a important support zone. This level has acted as a solid base for price action, offering stability to the currency pair and providing key support for the ongoing trend.
At current market price (CMP 156.50), EURJPY presents a promising opportunity to initiate long positions. The current price level aligns well for potential upward movement, making it a favorable entry point for traders looking to take advantage of the prevailing trend.
However, it is crucial to monitor certain levels for any signs of trend reversal. A breakdown below the 155.25 area could trigger additional selling pressure, and a sustained move below 155.00 would confirm a shift from a bullish to a bearish market structure. In such a case, a retest of the breakdown zone could offer a good opportunity for short positions.
Conversely, if EURJPY continues to recover, we could see a push toward the 158.67 and 160.85 levels, which represent key resistance areas. A successful breakout above these levels would likely signal the continuation of the bullish trend, suggesting further upward momentum.
Key Resistance Levels: 158.70, 159.90, 160.85
Key Support Levels: 156.00, 155.25
Is Tata Motors Ready for a Bullish Reversal?Timeframe: Daily
Tata Motors (NSE) has been in an expanded flat correction pattern for the past 11 months. In this pattern, the highest high (HH) was 1179, and the lowest low (LL) was 683.2. Currently, the price is trading below the 200, 100, and 50 EMA levels, indicating a bearish trend.
In this expanded flat correction:
Wave (A) completed at 855.4,
Wave (B) peaked at 1179,
Sub-wave 4 of Wave (C) touched 786.65,
Sub-wave 5 is now unfolding.
Once Wave 5 is completed, traders can look for buying opportunities with target levels at 799 – 951 – 1050+. First, it’s crucial to identify the end of Wave (C) to confirm the correction’s completion and a bullish reversal.
Projecting ending point of wave (C):
Wave (C) may end at 2.618% of Wave (A) around 628.7.
Wave 5 has multiple potential targets/support levels:
0.618 extension of Wave 1 at 526,
0.382 extension of Wave 1 at 628,
1.618 reverse Fibonacci of Wave 4 at 657,
2.618 reverse Fibonacci of Wave 4 at 562.
We will update further information soon.
Kfin Technologies cmp 1224.25 by weekly Chart view since listedKfin Technologies cmp 1224.25 by weekly Chart view since listed
- Support Zone at 980 to 1060 Price Band
- Stock traversing within Rising Price Channel
- Technical Indicators EMA, MACD, RSI in positive momentum
- Volumes are spiking close to and above average traded quantity
- Support Zone seems to have been tested and retested successfully
- Weekly Support 980 > 775 > 590 with Resistance 1380 > ATH 1641.35
#SAIL#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom.
Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10 years but now it is probably trying to take support around it.
Also, RSI is making HLs off late, which is probably a good sign.
In terms of R:R, this is currently a good bet on long side.
As usual, DYOR and this isn't a Buy or Sell reco - but just an educational purpose post
Jubilant Food Breakout📈 Jubilant Foods: On the Verge of a Major Breakout!
After nearly 4 years of consolidation (from November 2021 to January 2025), Jubilant Foods is showing strong signs of a potential breakout. The formation of a classic Reverse Head and Shoulders pattern on the charts strengthens this bullish outlook.
Additionally, there's been a noticeable decline in public shareholding, indicating potential accumulation by strategic investors or institutions — a factor that often precedes strong market movements.
If this breakout materializes, it could unlock significant upside potential. Based on my analysis, I foresee promising returns ahead.
What are your thoughts? Have you spotted similar patterns or trends in other stocks recently? Let's discuss!
EUR/USD Daily Chart Analysis – Smart Money Perspective
Current Market Bias: Bearish
The price action indicates that the overall structure remains bearish, with lower highs and lower lows being formed. Despite recent bullish retracements, the price has failed to break key resistance levels, signaling that sellers remain in control.
Key Areas on the Chart:
1. Order Block (OB) & Fair Value Gap (FVG) Zone:
• The highlighted gray zone represents an order block (OB), which is a supply area where institutions likely placed large sell orders.
• The presence of a fair value gap (FVG) within this zone indicates an inefficiency in price, making it a strong area for potential reversals.
• Price recently tapped into this area and reacted downward, confirming bearish momentum.
2. Liquidity Grab Possibility:
• The lower dashed line represents a previous swing low, where liquidity (stop-loss orders) is likely resting.
• Smart Money often seeks liquidity before reversing or continuing trends.
• There is a high probability that price will sweep this low before any potential bullish move occurs.
3. Market Structure Shift for a Bullish Setup:
• Although the bias remains bearish, a market structure shift (MSS) is required before considering any long (buy) setups.
• A key level to watch is 1.05351, where a break above could signal a reversal.
• Until then, selling pressure is likely to dominate.
Conclusion & Trade Plan:
• Bearish bias remains active.
• Price might sweep the previous low to grab liquidity before a potential reversal.
• A confirmed market structure shift above 1.05351 is required for bullish confirmation.
• Until that happens, traders should focus on shorting opportunities near supply zones or order blocks.
Final Thought:
By following Smart Money Concepts (SMC), traders can align their trades with institutional movements. Patience is key—wait for confirmations before entering positions. Keep an eye on liquidity sweeps and market structure shifts for the best trade setups.
SBI Stock Analysis: Support Levels and Potential ReboundSBI's stock has returned to a support level of ₹732, with a potential entry point at the long-term 3-year trendline around ₹670, following a recent 15% drop. State Bank of India's Q3FY25 net profit grew 84.32% YoY to ₹16,891 crore7. The bank's loan book also experienced substantial growth, with a YoY increase of 15.8%
Oil India Double bottom Bullish TradeBuy oil india
Entry- 430
Support- 410
Target- 460 470
Pattern- Double bottom at support and a bullish engulfing candlestick pattern.
Note- It has result tomorrow so Keep this in Mind.
Disclaimer- This is just for educational purpose please take advice from your financial advisor before making any decision.
Jai Shree Ram.
ICICI Prudential: Oversold and Poised for Recovery Topic Statement: ICICI Prudential Life Insurance has made a healthy correction, positioning itself near strong support levels within an up-trending channel.
Key Points:
1. The company reported a robust 43% profit growth QoQ.
2. The price is moving in an up-trending channel, providing clear trading opportunities.
3. The stock is taking support at the lower end of the channel, indicating oversold conditions.
4. The price is near the 180-day moving average, reinforcing the oversold status.
5. Weekly MFI is at 34 which also indicates the price being oversold.
Titan - Keep On WatchCMP 3580 on 03.02.25
The above chart shows that the price has been traveling in a rising parallel channel in recent sessions. At this moment, the price has touched the upper edge of the channel. If rejected from these levels, a bearish move may be seen further.
Targets may be 3510/3330 and 3190.
Please keep in mind the earnings day around 4th February.
This setup fails if the price sustains above 3710.
Plan your trade as per your risk management. ( entry and exit)
The above illustration is my view. It is only for learning and sharing purposes, not a trading recommendation.
All the best.
Nifty 50 | Falling Wedge Pattern – A Bullish Breakout Ahead?Hello everyone! I hope you all are doing great in life and in your trading journey. Today, I have brought an in-depth analysis of Nifty 50 , focusing on a powerful Falling Wedge Pattern that is currently forming on the charts. This pattern is known for signaling a bullish reversal , provided we get a confirmed breakout . If this pattern plays out as expected, we could witness a strong upward move in the coming sessions.
Currently, Nifty is trading near a strong support zone around 22,777 – 22,900 , where buyers have previously shown interest. The price is moving within a converging downward-sloping range , indicating that selling pressure is weakening . Key resistance levels to watch post-breakout include 23,700, 24,207, 24,781, 25,191, and 26,277 , with a stop-loss placed below 22,777 to manage risk effectively . However, this analysis holds true only if Nifty breaks out of the Falling Wedge Pattern; until then, caution is advised.
If the breakout is confirmed with good volume, we might see a strong rally ahead, potentially targeting the marked resistance levels. As always, patience and discipline are key—wait for confirmation before making any trading decisions.
Disclaimer:- This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions.
If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
JK LAKSHMI CEMENT LTD.Presenting One More Chart Analysis after a Long time...
JK LAKSHMI CEMENT LTD Chart is quite strong with Bullish View and looks promising at CMP 813.00.
Patterns are drawn on Daily Chart and as usual complex & detailed drawing with Price Analysis is presented considering all the aspects of the chart.
Target & SL is as follows:
Tgt: 950.00 and above
SL: 750 (Closing Basis)
Market is all about OPPORTUNITY / ENTRY / TIMING !!!!!
Basis some minute observations, chart analysis is made, target and SL is given to understand the core of the subject and for learning purpose only.
KSB Ltd: Channel Breakout on Budget 2025 Irrigation BoostDetails:
Asset: KSB Ltd
Breakout Level: Channel breakout confirmed
Potential Target: To be determined based on momentum
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: KSB Ltd has given a channel breakout following positive news on irrigation development in the Budget 2025. Increased government focus on infrastructure and irrigation projects could drive further upside.
Market Analysis:
Technical Setup: The breakout confirms strong bullish sentiment, with sustained buying interest.
Sector Boost: Budget-driven demand for industrial pumps and irrigation solutions strengthens KSB’s growth outlook.
Risk Management:
Implement a stop loss below the breakout level to mitigate downside risks.
Timeframe:
Short to medium-term move expected, depending on follow-through buying.
Risk-Reward Ratio:
Favorable, backed by technical breakout and fundamental sector growth.
Monitor for sustained momentum and volume confirmation post-breakout.
Inverse head-and-shoulders - Coal IndiaInverse head-and-shoulders chart pattern
is an important indicator for identifying bullish reversals.
Characterized by three (3) distinct troughs: a lower "head" between two (2) higher "shoulders,"
this pattern signals a potential shift from a bearish to a bullish trend when the price breaks
above the "neckline."
MAZDOCK - Ready for the next moveThe stock has been a market favorite. Technically it has cooled down owing to the Wave analysis which every stock goes through. Overall the Stock is in Stage 2. The stock is now gearing up to give Range Breakout.
On the Fundamental side:
- Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.14%
- Healthy long term growth as Net Sales has grown by an annual rate of 24.97% and Operating profit at 94.40%
- Company has a low Debt to Equity ratio (avg) at 0 times
- The company has declared Positive results for the last 8 consecutive quarters
- NET SALES(9M) At Rs 8,217.50 cr has Grown at 35.18 %
- ROCE(HY) Highest at 44.63 %
- INVENTORY TURNOVER RATIO(HY) Highest at 2.19 times
- Increasing Participation by Institutional Investors. Institutional investors have increased their stake by 0.56% over the previous quarter and collectively hold 3.02% of the company.
Vani Commercial - Bullish Pennant Breakout- 3 rising methodsIt has formed bullish pennant breakout with three rising methods candlestick patterns on the monthly chart. On weekly it shows a VCP Pattern with Higher high, Higher low with 50 MA as support and overall, 3 years of consolidation can be seen.
Hopeful of showing a good move in the upcoming months specially in February
CMP: 12.70
Target 1: 15.70
Target 2: 18.00
Stop Loss: 10.70
Disclaimer: Trade at your own risk
Laurus Labs Date 28.01.2025
Laurus Labs
Timeframe : Weekly Chart
Remarks :
1 Currently at 50% of Fibonacci retracement
2 Head & Shoulder at top of the trend & its neckline + Support & resistance band = 615
3 Descending triangle neckline + Support base + 61.8% retracement of Fibonacci = 497
4 Currently at RSI mean reversion + 50% retracement, may have 2%-4% pull back
Regards,
Ankur