Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone
Falling From 49000 Level
Support Zone 48500-48600
Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞
This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024.
In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
Community ideas
Can NIFTY Regain Its Balance or Will It Plummet Further?Timeframe: 4h
After reaching a peak of 26,277 , the NSE NIFTY has begun to decline within a downward parallel channel. The Elliott wave structure can be identified as (W) – (X) – (Y) , where wave (X) peaked at 24,867 , followed by a downward movement for the final wave (Y). The price has fallen below the 20 , 50 , 100 , and 200 EMA levels, with an ATR of 166.36 .
The correction has several key levels to consider:
At 100% retracement of wave (W) at 21,962
At 100% retracement of wave (a) at 22,827
At the lower boundary of the corrective channel
Bearish sentiment is currently stronger than buyer demand. A reversal may occur either after a breakout from the parallel channel or at the lower boundary of the channel. This is possible as long as the swing low of 21,283 remains intact.
We will update further information soon.
Wipro Looking for SupportHello friends good evening, I have prepared a chart for one of my trades in Wipro which I am sharing with you all. So as we can see the Wipro ADR ( American Depository Receipt) listed in the American market is trading down by 4 to 5 percent. In such a situation we can expect that we may see a similar decline in the price of Wipro shares tomorrow or in the coming session. Therefore I have marked a demand zone on its weekly chart and hope that the price will get a bounce from this demand zone, which will be helpful for us to trade on the long side.
Different traders follow different setups and indicators to understand support bounce, I would like to understand it only through price action on smaller time frames and will update accordingly.
I hope you liked the idea if yes then please like and share it, thank you all.
Best Regards- Amit.
Aggressive Short call on WiproNSE:WIPRO Aggressive Short call on Wipro hovering near support zone if broken can give good swing, with MACD Showing Weakness, This is Purely Aggressive Trade and its Results are around the corner.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.
Target(Take Profit):
Around 262 to 265 Levels for Swing Trade.
Stop-Loss:
Around 309-313 or When Breaches 20 DSMA For Swing Trade.
📌Thank you for exploring my idea! I hope you found it valuable.
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✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Nifty outlook for the yearNifty chart analysis for coming few months :
1. Overall trend still remains bullish but deep pullback now similar to 2021 ( marked in circle ) .
2. Market might come down to next support 22,500 - 22,600 at breakout point of election result day .
3. Weekly chart shows market respecting swing lows since 2020 . Last swing low is 21,200 . As long as market doesn't break swing low , current trend is bullish .
4. Decent price for long term investment and SIPs
Cheers !
Follow for more market insights ! =)
GOLD TRADING POINT UPDATE > READ THE CAPTAINBuddy'S dear friend 👋
Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding it down trand list time post analysis target 🎯 💯 2665
Ready for new setup confirm trade entry ☺️ 🥂. Update Gold technical analysis update 4TF gold list night 🌃 tasty 🤤 2656 key 🗝️ support 💫 back up trand tast break level 2675 I'm going to trade Short 😀 2666;- 2618 Dxy already strong 🪨 💪 🌟. 110:200 back 🔙
Target 🎯✔️ 2650 2640 2630 2620 2618
Mr SMC Trading point
Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎯
A strong rally likelyNifty CMP 23214
Fib- the Index as of now has taken the fib support at 23070. In my view this should hold.
RSI- the oscillator is taking the bull support at price support. Hence this is positive.
Elliott- the C wave rally in this counter should happen from here. This should take the Index back to 24800. That zone is also the neckline of the head and shoulders pattern.
Conclusion- Since the C wave rally is the sharpest, this rally should happen very fast. Take this rally as an opportunity to book profits.
HMT's time is comingAs per advance technicals above 77.50 price may try to achieve final target of 163.
HMT Ltd., incorporated in the year 1953, is a Small Cap company (having a market cap of Rs 8,736.89 Crore) operating in Auto sector.
HMT Ltd. key Products/Revenue Segments include Watches, Food Processing Machinery, Spares And Accessories, Sale of services for the year ending 31-Mar-2024.
HCLTECH on a Bullish Run!
HCLTECH on a Bullish Run!
The stock has broken its key resistance level of *1990 and is now targeting
higher levels. The breakout is supported by increased volume, signalling strong buyer interest.
Key Levels to Watch: (Short Term)
Resistance: 2050|2075
Support: 1950/1900
Trend Insight: The bullish trend is intact with higher highs and higher lows. Keep this stock on your radar for potential upside opportunities!
#HCLTECH
Nifty 50 at a Critical Support: Rebound or Further Decline?Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel , indicating continued weakness. It is now approaching a Strong Support Zone , which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely.
Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk.
Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up.
Technical Confirmations:
Trendline Break
Ascending Triangle Breakdown
Lower Lows
Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility)
Target : Open/Mentioned.
STOP Loss : 1275/Swing High
How do you find this analysis? Follow for more actionable trade ideas like this!
Happy Trading !!
Gold Current PA before NFPCurrent PA on H1 showing bullish trend with consistent higher highs and higher lows. The ascending trendline acts as dynamic support, holding the structure intact.
The price has broken above pivot R1 level and is now sustaining above it, indicating a good strength on this time frame by buyers
The price is moving in impulsive waves (blue zigzag lines), showing controlled corrections before resuming the primary trend.
Liquidity is likely building below the ascending trendline. If the price breaks this trendline, it could indicate a sweep of liquidity before continuing upward or can lead to correction if price breakdown this support trend line. above this buyers are in control .
on bigger picture price is consolidating inside a Triangle and the direction is not clear on daily right now .
today we have NFP and Unemployment data which can act as main driver for next move
MCX Gold: Elliott Wave Insights on Ascending ChannelTimeframe: Daily
MCX Gold has been trading within an ascending parallel channel for over 65 weeks . The value area highlights zones of supply and demand, with the control line exerting a gravitational pull on the current price. Within this structure, there are four zones of no trading activity and two neutral zones.
A triangle pattern is forming around the control price, indicating a potential price movement. If the price closes above the control line, it could potentially reach the following targets: 77660 – 78560 – 79600+ . On the other hand, if the price breaks and closes below the strong support level, we may witness a short decline, possibly reaching the lower band of the parallel channel.
We will update further information soon.
OIL bullish for short term upside to 550Hello Everyone,
Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while.
Points to note:
> Out of all, Oil sector is showing some strength.
> OIL has seen recovery for the current support levels multiple times in the past.
> Trading above 100EMA with good volumes.
> Hammer spotted
Important leves:
Support: 464
Resistence: 450
Entry Levels: 485-490
Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels.
Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
Maha Apex - Bottom Fishing The chart shows that the stock price has been moving in a parallel channel since August 23. This moment, again comes to the lower edge of the channel. If the pattern continues and gives a bounceback, it could be a good opportunity with a good risk-reward ratio.
The stock has been consolidating in a narrow range in recent sessions.
MACD shows a likely reversal too.
All important levels are mentioned on the chart.
One should keep the position size according to risk management.
This illustration is only for learning and sharing purposes, not trading advice in any way.
All the best.
Stock Analysis: #AEGISLOGHello, Traders! 👋
I’m currently tracking #AEGISLOG for a potential swing trade. Here's what I see:
📈 Technical Overview:
🔹 The stock is approaching key levels, which I’ve marked on the chart.
🔹 Watching for a breakout or reversal to confirm the next move.
🔹 Volatility seems manageable, making it suitable for a swing setup.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Shared for learning purposes only—please do your own research or consult a professional.
Are you tracking #AEGISLOG too? Share your thoughts below! 🚀
#TradingView #StockAnalysis #SwingTrading #AEGISLOG
JAI-CORP - fell 50 % in 3 days ?"Jai Corp's Recent Dip: A Long-Term Wealth Opportunity?"
Why the Dip? A poorly received deal caused a 45-50% crash in just three days.
What's the Positive? Technically strong setup and promising promoter holding.
Investor Insight: With a holding period of 1.5-2 years, this could be a wealth-building opportunity for patient investors.
There are multiple reasons to hold this script.
Kindly view the charts for technical view.
Precautionary Note:
Investors should consider their risk tolerance and financial goals before investing. Regularly monitor developments related to the company and consult with a financial advisor if needed. A diversified portfolio remains key to managing risks effectively.
Bharat Electronics Ltd (BEL)Observations:
Demand Zone : Identified between ₹269.50 and ₹280.80.
Supply Zone: Identified around ₹330.75.
BOS (Break of Structure) : Price has broken a significant structure, indicating potential bullish momentum.
CoCH (Change of Character) : Transition from bearish to bullish sentiment is evident.
Entry Point:
Enter long near the demand zone (₹269.50–₹280.80), preferably closer to ₹280 for better risk-reward.
Stop Loss:
Place the stop loss slightly below the demand zone, around ₹269.50.
Target (Take Profit):
Primary target at ₹330.75 (supply zone). This offers a favorable risk-reward ratio.
Risk-Reward Ratio:
Risk: Approx ₹10–₹15 (entry to stop loss).
Reward: Approx ₹50–₹60 (entry to target).
Additional Confirmation:
Monitor price action at the demand zone for bullish candlestick patterns or volume spikes before entry.
Invalidation:
Trade setup is invalidated if the price closes below ₹269.50 on higher timeframes (e.g., daily chart).
SBICARD Price is at break even levelSBICARD made a like double bottom in daily time frame and the price is currently trading at the neckline of the double bottom. If it breaks the neckline, a momentum setup will be formed here and we will entre on the breakout candle. The stoploss below the breakout candle and target will be Rs 808.
Bata India Ltd. bottom fishing opportunity The chart of Bata India Ltd. is showing a bullish breakout from a Symmetrical Triangle Pattern. As the stock nears the apex of the triangle, a breakout above the descending trendline at approximately ₹1,500-₹1,550 would confirm the upward momentum. This breakout, accompanied by strong volume, signals the potential for a substantial price movement. The target for this bullish move can be projected to ₹2,000-₹2,200, based on the height of the triangle. Traders can enter above ₹1,500-₹1,550, with a stop-loss placed near ₹1,400, offering a favorable risk-reward setup as the stock breaks out of its consolidation phase.






















