03-03 Nifty key levelDear traders, here are the key levels for nifty 03-03-2025, most important support and resistance for intraday based on previous day movement and market trend.
Note: Intraday view only
Fibonacci
Nifty 50 -Feb 2025 ViewI had posted my last analysis of Nifty at end of Dec 2024 and here we are in Feb 2025 with Nifty being almost at the same price.
So, basically everyone should be happy, right? :P
Why are most of our portfolios in deep red? Let;'s understand the scenario.
Nifty has been highly volatile since the past few months with FII selling continuously and DIIs buying it.
It has been a tug of war between bulls & bears near 23000 which was broken few days back but 22800 managed to act as a support. Level to watch remain same as last idea
View is bearish to sideways with sell on rise.
Expecting a highly volatile 2025 with stock specific movements especially in large cap sector.
Overvalued mid & Smallcap stocks might continue to see correction in upcoming months.
I feel a bullish view can be made only when Nifty sustains above 24800. An accumulation in this zone between 23000 and 24800 will be good for Nifty in upcoming years.
The recent budget will be very beneficial for consumption & hospitality sector. Keep this sector in watchlist.
ready to fly SPICE JETCompany Overview: SpiceJet Ltd. is one of India's leading low-cost airlines, headquartered in Gurgaon, Haryana. Established in 1984 as ModiLuft, the airline was rebranded as SpiceJet in 2004. SpiceJet operates a fleet of Boeing 737 and Bombardier Dash 8 aircraft, covering 73 destinations, including 60 domestic and 13 international routes. The airline is known for its affordable fares and innovative services, such as being the first airline in India to introduce electric tarmac coaches and mid-air cab facilities.
1. Price Chart Analysis:
Current Price: ₹45.91
Trend: The stock is currently in a consolidation phase with a potential for an upward breakout.
Target Levels: ₹60.86, ₹73.81, ₹83.02, ₹94.76
Levels:
Primary Support Zone: ₹34.90 - ₹44.50
Swing Zone: ₹48.78- ₹54.27
2. Technical Indicators:
Relative Strength Index (RSI): 43.60 (Neutral momentum)
Volume: 10.5M (Current period)
3. Key Observations:
Current Price: ₹45.91
Price Change: ₹+1.20 (+2.68%)
Volume: 10.5M
Timeframe: March 1, 2025
The stock is trading within a consolidation phase, suggesting a potential for an upward breakout.
The RSI indicates neutral momentum, suggesting that the stock is neither overbought nor oversold.
The volume indicates a healthy level of trading activity, supporting the current price movement.
4. Earnings Overview:
Q3 FY25 Net Profit: ₹26 crore
Q3 FY24 Net Loss: ₹300 crore
Revenue Growth: 35% increase to ₹1,651 crore
Key Highlights:
SpiceJet turned profitable in Q3 FY25, recording a net profit of ₹26 crore, compared to a net loss of ₹300 crore in the same quarter last year.
The airline's revenue surged by 35%, driven by strong passenger demand and improved operational efficiency.
For the first time in a decade, SpiceJet's net worth became positive, marking a significant milestone in its financial recovery.
5. Conclusion: SpiceJet Ltd. is showing signs of potential upward movement, with key resistance levels ahead. The neutral RSI suggests that there is room for further upward movement without immediate risk of overbought conditions. Investors should watch for potential breakouts above the resistance levels and monitor the support zones for any signs of reversal.
RB Infrastructure Developers Ltd - Technical #irbinfra IRB Infrastructure Developers Ltd. is a major 🇮🇳Indian company focused on infrastructure development, particularly in the roads and highways sector. Established on July 27, 1998, and headquartered in Maharashtra, India,
📈📉Chart for your reference
Mahindra & mahindraM&M itself focuses primarily on mobility products and farm solutions. It’s a titan in India’s automotive sector, renowned for rugged SUVs like the Scorpio, Thar, and XUV700, and holds a dominant position in utility vehicles with an 11.4% market share, competing with Tata Motors, Hyundai, Kia, and Maruti Suzuki.
Chart for your reference
This is my view on Nifty 50 on monthly chart. This is my view on Nifty 50 on monthly chart.
I feel we were in a long bullish run since 2000.
*with the burst of Dotcom bubble, a new bullish wave started.
*It had its first retracement in 2008 and then that to break the highs it took almost 5 years, but it was broken in 2013.
* There was bullish move till 2019 which was 1.6 extension level and market went sideways at that.
* Even with the panic of COVID pandemic, market fell just to retrace from perfect support level of 1 and then went above till 2.6 extension.
* Market was sideways for a year almost on 2.6 level after which a big bullish wave came up.
* Last leg of bullish move was full of grid and panic of buying, yet market toped at level of 4.2 extension.
* Now it might have completed first leg of correction till 3.6, but further downside till 16000 could come in Nifty which could be depth of correction on higher level.
This could be wrong, but still provide your views.
NIFTY Breaking 2020 Trendline with Monthly Big Bear CandleNifty Breakdown 2020 Trendline on Monthly Chart with Big Bear Candle - (Currently Now its show almost Full Bear power Candle near at 10:30am)
If You See the Monthly RSI Is also going to break almost Five years Low 53.30
3rd thing if you comapre RSI low 2016-2020 breakdown its Go more 39% Down in just 2 months.
Chart & Indicator both Saw Very bad Sentiments & Pattern on chart.
my prediction as below as per fibo chart shown in chart
Target as per Fibolevel
T1- 21848.50 (23.8%)
T2- 19108.65 (38.3%)
T3- 16894.25 (50%)
T4- 14679.80(61.8%)
Target as per Chart (Zones)
T1 Zone- 22081- 21588
T2 Zone- 18912-18515.50
T3 Zone- 15645-15177
Nifty 50 - Potential Deep Correction AheadAfter analyzing the current structure of the Nifty 50 index, I believe we're looking at a potential deeper correction in the market. The larger downtrend has been playing out with Wave A completing at 23,263.15. We're now in Wave C, and a deeper correction could be expected with Wave C potentially extending further down.
Key points:
Wave 5 might be Wave 3 and could indicate a bigger correction.
Wave C could target 21,292.70, with further downside potential.
The Max retracement for Wave 4 suggests a corrective rally without violating the start of Wave 1.
Fibonacci extension indicates a deeper retracement, possibly extending beyond the 1.618 level.
I believe there's a strong chance the market might head lower, and this could mark the start of a bigger trend reversal.
Would love to hear your thoughts and if others are seeing a similar pattern! Let's see how this unfolds.
Chart Details:
Timeframe: 4-Hour Chart
Indicators: Fibonacci retracements, wave counting
Key Levels:
Target for Wave C: 21,292.70 or lower
Max retracement for Wave 4: 22,720.30
1.618 extension: Lower levels are anticipated.
Gold mcx sell at 85820 sl 86360 Target 85090,How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking 2nd D 21.4%
Targets :
Target T1 : 28.3% ( early trade if entry at 11.4% )
Target T1 : 35.1% to 38.2%
Target T3 : 50.1% to 53.2%
T3: 61.8% to 65.1% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point D ( 0% ) .
Target is same as early 21.4% , 28.3 , 35.1 and so on
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Havells: Testing Key Support Levels Amid Market CorrectionTopic Statement:
Havells has corrected along with the broader market and is now approaching critical support levels that may determine its next move.
Key points:
1. The price is taking heavy support at the 38.2% retracement level at 1,476.
2. The stock is trading close to the 180-day moving average.
3. Weekly RSI is at 40, indicating the stock is nearing oversold territory.
4. If the support at 1,476 fails, the price may decline further to the 50% retracement level at 1,280.
Nifty Levels of supportCurrently i am seeing 3 levels of support.
1. Current retracement level is at 50% (22600), and just on the top of resistance levels of Q3 2024.
2. next support possibly at 61% retracement (21600-21700), which also falls on the trend line which passes through peaks of Oct'21 and Sep'23 interestingly cuts through the gap-up in Dec'23
3. final level of support is 78% retracement (20400-20500), which finally fills the Gap-up in Dec'23.
Hopefully it should reverse from the current levels, but it should not go beyond 20500 level which is 78% retracement.
discounted stock HINDALCOTechnical Analysis Summary:
Trend Analysis: HINDALCO INDUSTRIES LTD is currently exhibiting a bullish trend, characterized by higher lows and higher highs. The stock has shown strong upward momentum.
Breakout Level of 2021: Significant interaction with this level, indicating its importance.
Candlestick Pattern & Price Action: Bullish Engulfing and Doji patterns suggest potential bullish reversals and strong buying interest.
Conclusion:
The stock is currently in a potential buy zone within the green reversal area.
Monitor key support and reversal levels for potential price movements.
The RSI and volume indicate a neutral position with significant trading activity, supporting a potential reversal if buying pressure increases.
Key Levels:
Support Zone (Yellow): Between ₹556-₹603 . This is the range where the stock has shown buying interest and potential support.
Reversal Zone (Green): ₹608-₹639 This zone indicates a potential area for price reversal and is likely where buyers might step in.
Target Levels: ₹728.35 (Target 1), ₹774.75 (Target 2), ₹833.90 (Target 3)
RSI (Relative Strength Index) and Volume:
RSI: The Relative Strength Index (RSI) is currently at 47.02, indicating a neutral position. It suggests that the stock is neither overbought nor oversold.
Volume: The recent volume is 9.01M, showing significant trading activity around key levels.
NIFTY: Trend Shift Signals Deeper Correction PotentialTopic Statement:
NIFTY has broken below its long-term up trendline, indicating a shift in trend with potential for further downside.
Key points:
1. The price has breached the long-term up trendline, suggesting a bearish or sideways trend.
2. Immediate support may be found at the 23.6% retracement level at 21,851.
3. Further correction to the 38.2% retracement level at 19,100 is possible.
4. The trend will remain bearish or sideways until a breakout above the down-trendline occurs.
24-02 Nifty key levelsDear traders, here are the key levels for nifty 24-02-2025, important support and resistance for intraday based on previous day movement and market trend.
Note: Intraday view only
BankNIFTY: Holding Strength Amid Market CorrectionTopic Statement:
BankNIFTY is undergoing a correction but remains more resilient than NIFTY, with key retracement levels acting as support.
Key points:
1. The price has breached the weekly up-trendline, signaling an end to the bullish trend.
2. BankNIFTY may see further correction, shifting its trend to sideways or bearish.
3. Retracement levels will serve as key support zones during the correction.
Positional or Long term Opportunity in Shipping Corp Of IndiaGo Long @ 205.7 for Targets of 241.1 and 276.5 with SL 188
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Besides, a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.618 Fibonacci level.
3. Also there is a strong Trendline (marked with green color) which supports the stock.
4. In addition to this there is a strong support zone (marked with purple) from which the stock is taking support.
FIN-NIFTY analysis for the weekKey Observations:
Current Price: 23,174.35 INR
Price Change: +2.85 INR (0.46%)
Volume: 1,887,686 shares
Timeframe: Daily
Conclusion:
Short-Term Traders: Monitor the reversal zone closely for potential entry points. Use the target levels as potential profit-taking zones.
Long-Term Investors: Keep an eye on the key support levels to gauge market strength and make decisions accordingly.
Risk Management: Maintain a stop-loss slightly below the lowest support level (22,878.40) to minimize potential losses.
This technical analysis suggests a balanced market sentiment with potential for upward movement if the reversal zone is respected. The multiple target levels offer opportunities for traders to capitalize on price momentum shifts.
Technical Analysis Summary:
Price Action: The current price is within a well-defined trading range. The highlighted reversal zone suggests a potential area where price momentum could shift.
Support and Resistance: Multiple support and resistance levels provide a comprehensive framework for potential price movements. The key support level at 22,878.40 might act as a strong defense against further price decline, while the target levels indicate potential upward price movement if the reversal is confirmed.
Short side Idea for XAUUSDas we can see after finishing 5 wave Gold enter in corrective wave in bigger time frame where A and B wave is completed and now B to C wave is left where as per trend base FIB provide me possible downside area next week i am looking forward to catch this B to C wave.
Angel One: Finding Support Amid Market Correction Topic Statement:
Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization.
Key points:
1. The price is receiving crucial support at the 50% retracement level, as it had previously.
2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone.
3. The stock is currently trading below the 45-day moving average making the price oversold.
21-02 Nifty Key levelsDear traders, here are the key levels for nifty 21-02-2025, most important support and resistance for intraday, based on previous day movement and market trend.
Note: Intraday view only
POONAWALLA Analysis!On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase around 20%.
feel free to ask! 😊
RBLBANK!Simple explanation:
Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down.
Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as guideposts on a trail.
Price Targets: These are the expected price levels the stock might reach. For example, if the stock moves up, it could hit the price target marked by an arrow.
Volume: This shows how many stocks were traded. A high volume means lots of people were buying or selling that day.
Current Price: The current price of the stock is ₹152.79, which is down by 7.02%.
So, traders use this chart to understand past price movements and predict future changes, helping them make decisions on buying or selling the stock. 📈📉
Hope this helps! If you have questions, just let me know.
MAHARASTRA SEAML - Aggressive Reversal Bet!Price Analysis & Overview:
1. EMA support taken.
2. Strong Fib support zone.
3. Blast above 900
4. 100%+ Potential
5. Need good volumes
6. Entry above 710 post confirmations
7. Strong buying candle formation is needed.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
