Bank Nifty Chart Analysis Trading Opportunity Ahead Bank Nifty Chart Analysis for Budget Day and Net Month
Bank Nifty has formed a **Head & Shoulder pattern** and has already given a **breakdown** 📉. Now, the key focus will be on whether the pattern **succeeds or fails**, which will determine the upcoming market direction. Be prepared for **both possibilities** in the trading sessions following the Budget announcement.
🔹 **Best Trading Opportunity**:
To take advantage of the volatility on Budget Day, a **hedged position** can be created using **Call & Put options** near key levels:
📌 **49,950**
📌 **50,500**
💡 If Bank Nifty makes a **one-sided move of 1,500 points**, this strategy can prove to be highly beneficial.
⚠ **Disclaimer**: This is for **educational purposes only** and not financial advice. Trade wisely and manage risk effectively.
Stay updated and trade smart! 🚀📈 #BankNifty #StockMarket #BudgetDay #TradingStrategy #Nifty #OptionsTrading
Head and Shoulders
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights
Cup and Handle & Inverse Head and Shoulders:
Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240.
📊 Technical Levels
Entry: ₹238–₹240 (Breakout Level)
Stop Loss: ₹181 (24% below, on a daily closing basis)
Target: ₹340 (~42% upside, positional/medium-term)
Risk-Reward Ratio: ~1:1.75
🕵️♂️ Observations
1️⃣ The stock is trading within an ascending channel, forming higher lows.
2️⃣ It's below its 52-week high but not correcting much during this bearish phase.
3️⃣ The channel top may act as a key resistance.
4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures.
5️⃣ Volume confirmation will be crucial for a breakout.
⚠️ Risks to Consider
Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness.
Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market.
Earnings Season: Quarterly results are around the corner, which could bring surprises.
📌 Why Risk Management Is Key
Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls.
Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved.
🏁 Conclusion
Trade cautiously: Position size, risk management, and patience are your best tools here.
If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out.
For Beginners: Avoid this trade for now. Add it to your watchlist and observe.
✨ Final Thoughts
Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation.
🔍 Disclaimer
This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ;
Leave a " Like If you agree ". 👍
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Wait for small retracement & daily candle to close above - "1260".
Trade carefully untill ENTRY level.
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Entry: 1260
Target: 1430-1560
sl: 1199
major stoploss/ support: 1190
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
Dow Jones ready to resume DOWN TREND!#DJI DJ:DJI
Attached: Daily Price Chart as of 20th Jan 2025
Time for Dow to DUMP again🩸 and resume its former Down Trend📉
as the rally since 18th December is a sideways corrective flat wave pattern and so the Impulse Bea Wave to follow next🐻🔨
Price can target 200 Day EMA, also forming a HNS Pattern and then take it level by level for further breakdowns
Head & Shoulders Alert: Jain Irrigation Systems (JISLJALEQS)
Entry: Above ₹84.36 🚦(Safe Traders Wait for a close above )
Stop Loss: ₹68.41 (SL: -19%) 🛑
Targets:Target 1: ₹106.52 🎯 (+26.2%)
Target 2: ₹136.84 🚀 (+62.2%)
Risk-Reward Ratio:T1: 1:1.38
T2: 1:3.27
Profit booking is subjective. Book profits as per your appetite.
📈 Technical Highlights:
Pattern: Forming a Head & Shoulders (Positional pick).
Volume: Picking up significantly 📊.
Candle: Closed below major resistance with a wide-range candle.
DMA Levels: Trading above 30DMA & 50DMA, showing strength.
Bounce: Taking strong support at 30 & 50DMA.
RSI: Bullish momentum ⚡.
⚠️ Key Risks:
Trading against the trend. If markets fall, the probability of this trade failing increases 🚨.
Quarterly Results: Around the corner 🗓️, so be cautious of sudden volatility.
💡 Risk Management:
Position Sizing: Essential due to a deep SL.
Proper risk management is key for survival in case the market turns against this trade!
📋 Disclaimer:
This is not investment advice. Always conduct your due diligence and maintain strict risk management when trading. 🚩
Ircon International SL day candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Aegis Trying to breakout of a long consolidation. Observations:
1⃣Trying to break out of consolidation/DarvasBox.
2⃣Closed Right below previous ATH/Resistance.
3⃣Huge Volume
5⃣Inverse Head &Shoulders on DTF.
6⃣Dry Volume During Consolidation/Pullback.
1⃣Action Plan:
➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest.
2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis).
➡️Use trailing stops to lock in profits as targets are reached.
➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine.
➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case.
Market is very weak. So exercise extreme caution and manage the risk.
Himadri Speciality Chemical Ltd. Himadri Speciality Chemical Ltd. is a leading player in the chemical industry, primarily engaged in the manufacturing of carbon materials and chemicals.
Profitability: The company's profitability has been on an upward trajectory, with significant growth in net profit margins and overall financial stability.
Technical Analysis: On the technical front, Himadri Speciality Chemical Ltd. is exhibiting a Head and Shoulders pattern on the daily time frame, indicating a potential target of 670++
cipla trend?cipla took 5 times support at 1440,
two time at 1330
formed a head and shoulder but failed , made fake out but a dark cloud cover was formed at 1690-1700
now breaking below and closing below 1440 can go to 1330
Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study
Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals.
Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement.
Looking below, there’s some key support to watch:
1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward.
2. There’s also a trendline support in play, adding another layer of potential price stability.
So, what’s next?
If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
Wonderful Bullish H&S breakout1. In a long term uptrend as per 200 SMA.
2. In accumulation phase for last 3 months. Have made a wonderful bullish head and shoulder pattern.
3. On day TF, it has given a breakout today with closure above previuos resistance leve with higher volume.
4. Entry can be made above high of breakout candle; Entry: 796; SL: 766; Target: trail as per 9 EMA, as it gets into profit.