10-03 Nifty key levelsDear traders here are the key levels for nifty 10-03 (15m), most important support and resistance for intraday based on previous day movement and market trend.
Note : Intraday view only
Fibonacci
Positional or Longterm Opportunity in JSW EnergyGo Long @ 506.8 for Targets of 634.35, 709.75 and 777.4 with SL 439.15
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 0.5 Fibonacci level.
2. Besides, a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.5 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple) which earlier was acting like resistance but now is providing support to the stock.
Positional Opportunity in AptusGo Long @ 304.15 for a Target of 382.6 with SL 278
Reasons to go Long :
1. On a Monthly 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.
Coforge-A perfect watchlist stock!Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters according to Screener data. Stock has give 20% compounded sales growth in last 5 years which is quite remarkable.
Hence, It can be a good stock to be kept in watchlist for medium to long term.
Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same.
Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone.
As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger.
If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years.
However, If stock goes below 61.8% retracement, it is not advisable to hold.
Nifty 50 - Mar 2025 view - Is the correction over?If you have followed my last 2 views of Nifty50, you would be smiling definitely only if you didn't have any swings open.
We have seen a good correction in market since September 2024.
It was much needed in market since 2022 , we have seen an extended move in Indian markets.
I know mid and smallcaps have corrected more than 20% but they were bound for it because of overvaluation. We are in a slowdown phase of economy and earnings of those company wont match expectations.
Coming back to Nifty50, is the correction over?
IAnswe is cant be sure but 1 thing is definite, 21800-22000 will act as strong demand zone as we have seen a quick 600 points jump from 22000.
However, I will suggest to wait for confirmation for any new swings.
What next?
Nifty might be retesting 22800 breakdown. It can fall again towards 21800 and if it breaks 21800 which looks very less probable, 21000-21200 is a very very strong demand zone which should be the last zone for correction.
If Nifty manages to jump from 22000, it will be formation of W pattern(double bottom) which will be a sign of reversal. That's when you can start accumulating.
Expecting March to be sideways to bearish again. We might see a selling due to people booking losses for tax harvesting.
If 21800-22000 holds in March, we can see buying in April which will take it to 23900.
Be patient. Start analyzing stocks for accumulating. Stay healthy and wealthy!
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07-03 XAUUSD BUYDear traders, here are the important pivot support zone of XAUUSD (15m), candles taking support at the pivot S1 level it represents short time intraday buy direction,based on previous day movement and market trend.
Entry : 2927.00
Target :2937.00
Stop loss:2817.00
Risk Reward Ratio 1:1
Note: Intraday view only
07-03 USD CHF BUYDear traders, here are the important pivot support zone of USDCHF (15m), candles taking support at the pivot S2 level it represents short time intraday buy direction,based on previous day movement and market trend.
Entry : 0.87700
Target :0.88200
Stop loss:0.87200
Profit: 50 Pips
Risk Reward Ratio 1:1
Note: Intraday view only
Godrej Properties good to go long
Godrej Properties On Double Bottom + 61.8 Fibo ratio + RSI Diversion (clearly Show on 4 hrs & Daily)
Good to Go long for Positional buy.
Infra Sector is on good move in last 2years - this stock also correct perfectly
i thing this stock will give good returns in Next few months.
SWING OBSERVATION - MAHINDRA LOGISTICS Script in good momentum bounced from lows creating HH HL around 265 now abpve 0.786 fib negotiating swing resistance -275 levels , if sustains can test major resistance swing around 298-310
06-03 XAUUSD SELLDear traders, here are the important pivot zone of XAUUSD (15m), candles taking resistance at the pivot level, expect a short time reversal for intraday based on previous day market movement and market trend.
Entry : 2916.00
Target :2906.00
Stop loss:2926.00
Risk Reward Ratio 1:1
Note: Intraday view only
07-03 Nifty key levelsDear traders here are the key levels for nifty 07-03 (15m), most important support and resistance for intraday based on previous day movement and market trend.
Note : Intraday view only
MRF Finds Strong Support After Severe Correction Topic statement:
MRF has experienced a sharp correction in recent months, with the stock finding strong support at the retracement level and indicators are giving an oversold opportunity.
Key points:
- Stock has corrected to the 61.8% retracement level at 1,08,000, providing strong support
- Strong support is also seen at the emotional level of 1,00,000
- Price is on the 180-day moving average
- Weekly MFI is at 28, indicating the stock is very oversold
BIOCON ready to moveCompany Overview
Biocon Limited is an Indian biopharmaceutical company that focuses on the research, development, and manufacturing of innovative therapies. It specializes in areas such as biosimilars, novel biologics, complex generics, and specialty formulations. With a strong emphasis on affordability and accessibility, Biocon aims to provide healthcare solutions that address unmet medical needs.
Price Chart Analysis
Current Price: ₹245.85
Trend: The stock is currently in a consolidation phase with potential for an upward breakout.
Target Levels: ₹270 (T1) ₹290 (T2) ₹310 (T3)
Levels:
Primary Support Zone: ₹207- ₹131
Swing Zone: ₹304- ₹261
Technical Indicators
Relative Strength Index (RSI): The RSI value is 55.30, indicating the stock is upward momentum.
Volume: 8.2M (Current period)
Key Observations
Current Price: ₹245.85
Price Change: +₹5.25 (+2.18%)
Volume: 8.2M
Timeframe: March 6, 2025
The stock is trading within a consolidation phase, suggesting potential for an upward breakout.
The RSI indicates bullish momentum, suggesting buying side.
The volume indicates a healthy level of trading activity, supporting the current price movement.
Earnings Overview
Q3 FY25 Net Profit: ₹320 crore
Q3 FY24 Net Profit: ₹280 crore
Revenue Growth: 14% increase to ₹1,450 crore
Key Highlights:
Biocon reported a net profit of ₹320 crore in Q3 FY25, compared to ₹280 crore in the same quarter last year.
The company's revenue grew by 14%, driven by strong performance in biosimilars and novel biologics segments.
Biocon continues to focus on expanding its global footprint and increasing its market share in key therapeutic areas.
Conclusion
Biocon Ltd. is showing signs of potential upward movement, with key resistance levels ahead. The slight overbought RSI suggests that there is some room for further upward movement, but caution is advised for short-term traders. Investors should watch for potential breakouts above the resistance levels and monitor the support zones for any signs of reversal.
SWING OBSERVATION - CASTROL INDIA
Script cleared resistance trendline, showing movement after HH HL creation from support swing which is 0.5 fib - Right now at major swing resistance
LTIM: Sideways Consolidation Continues After Strong 2021 RallyLTIM has been trading in a well-defined range since its 2021 bull run, with strong support and resistance levels dictating its movement, between 4000 and 7000.
Key points:
1. The stock faces heavy resistance at 6800, as the 23.6% retracement level acts as a strong barrier.
2. Price consistently finds support at the 50% retracement level and has bounced back from this level multiple times.
3. The stock is currently near the 50% retracement level and trading below the 180-day exponential moving average, making it oversold.
NIFTY PRE MARKET ANALYSIS 5th MAR 25
NIFTY opening 22073 , immediate support bullish trendline & around 22050 pivot+liquidity for dip , if doent sustain can go for testing PDL around 21960 .
On upside if clears and sustains 22100 can see more upside
SBIN: Holding Strong Amid Market Weakness but Facing Further DowTopic Statement:
SBIN has experienced a relatively minor correction compared to the broader market, but technical indicators suggest the possibility of further downside.
Key points:
1. The stock has corrected to the 23.6% retracement level and attempted to break below but has reverted to this level.
2. Price is near the 180-day moving average, signaling a crucial support zone.
3. Weekly RSI is at 38, indicating persistent selling pressure, with a potential decline to the 38.2% retracement level at 612.
SWING - BHARAT DYNAMICS
Script showing 2nd day up move by channel Breakout above resistance channel top. If sustains 1025 swing could see testing 0.5 fib - 1130 levels (subject to INDEX sustaining levels (bullish or at least sideways)
04-03 Nifty key levelsDear traders, here are the key levels for nifty 04-03 (15m), most important support and resistance for intraday based on previous day movement and market trend.
White line represents long time sideways trendline
Note: Intraday view only
Expanding Flat on NVIDIA: Bearish or Final Leg?NVIDIA after a recent bullish trend has formed an Expanding Flat correction.
Wave (B) exceeded Wave (A)’s start, confirming this as an Expanding Flat (3-3-5) structure.
Wave (C) is in progress, unfolding in a five-wave sequence.
The 1.618 Fibonacci extension (~102 USD) is a key support zone, with 2.618 (~56 USD) as an extreme bearish target.
A reversal could follow after Wave C completes, so these levels are crucial to watch.
Key Levels to Watch:
102 USD (1.618 Fib extension - first support zone).
56 USD (2.618 Fib extension - extreme bearish case).
❓ Is this the final leg down before a bullish reversal, or more downside ahead?
Reliance: Leading the Market Correction & Nearing Strong SupportTopic Statement:
Reliance has undergone a sharp correction in recent months, significantly influencing the broader market downturn, but key technical levels suggest a potential stabilization.
Key points:
1. The stock has corrected to the 38.2% retracement level, receiving strong support.
2. Price is now below the 180-day exponential moving average, indicating oversold conditions.
3. Weekly RSI stands at 34, marking an oversold zone from a long-term perspective.
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
