Trendline Support"📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past.
🔍 Here's why this is exciting:
Trendline Support: The stock is respecting a multi-year ascending trendline.
Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268.
Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation.
🚨 Key Levels:
Support: 860-870
Resistance: 1,015 | 1,268
💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807."
#SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
LONG
Pre Market analysis for 01/01/2025
Pre Market analysis for 01/01/2025
#NIFTY50
If market opens flat and breaks 23700 will plan for buying for target 23800 level.
If market opens gap down, and breaks 23550, then plan for selling for target 23450. level.
If market opens gap up, and sustains above 23700 level, then plan for buying for target 23850 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
BIOCON Support & Resistance Here are the support and resistance levels for Biocon Limited (NSE: BIOCON) based on recent market data:
Support Levels:
₹349 - ₹350: Immediate support, where buyers have recently shown interest.
₹341 - ₹345: A critical short-term support zone observed from previous trading sessions.
₹325 - ₹330: Stronger support level based on historical price action.
₹300 - ₹305: Psychological and long-term support zone.
Resistance Levels:
₹356 - ₹358: Immediate resistance, indicating selling pressure.
₹374 - ₹375: A significant short-term resistance observed from past highs.
₹390 - ₹395: Strong resistance near the 52-week high.
₹400+: Psychological resistance, where profit booking could occur if breached.
TCS Support & Resistance As of January 1, 2025, Tata Consultancy Services Limited (TCS) is trading at ₹4,114.10, reflecting a 0.47% increase from the previous close of ₹4,094.40.
Support and Resistance Levels:
Daily Support: ₹4,009.48
Daily Resistance: ₹4,117.38
Short-term Support: ₹4,153.41
Short-term Resistace: ₹4,315.60
These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum.
Technical Indicators:
Pivot Points:
Standard Pivot Point: ₹4,145.82
Camarilla Pivot Point: ₹4,088.93
Fibonacci Pivot Point: ₹4,145.82
These pivot points can help identify potential reversal levels during intraday trading.
Analyst Insights:
According to , TCS is currently in a negative trend. They suggest that if you are holding short positions, continue to hold with a daily closing stop loss of ₹4,176. Fresh long positions can be initiated if TCS closes above ₹4,176 levels. Support levels are identified at ₹4,038, ₹3,981, and ₹3,930, while resistance levels are at ₹4,146, ₹4,197, and ₹4,254.
ZOMATO Support & Resistance As of January 1, 2025, Zomato Limited (NSE: ZOMATO) is trading at ₹278.85, reflecting a 0.31% increase from the previous close of ₹278.
Support and Resistance Levels:
Daily Support: ₹275.95
Daily Resistance: ₹297.75
Short-term Support: ₹275.07
Short-term Resistance: ₹287.26
These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum.
Recent Performance:
52-Week High: ₹304.50
52-Week Low: ₹121.70
Market Capitalization: ₹252,051.3 crore
Over the past year, Zomato's share price has appreciated by approximately 123.33%, significantly outperforming the Nifty index's rise of 8.75% during the same period.
Analyst Insights:
The consensus among analysts is a 'Buy' rating, with a median price target of ₹320.00, suggesting a potential upside of about 15.11% from the current market price.
Highest Target Price: ₹375.00
Lowest Target Price: ₹130.00
AXISBANK Support & ResistanceTo determine the support and resistance levels for Axis Bank (AXISBANK), we analyze recent price action, key technical indicators, and historical price levels. Here’s an assessment based on the data:
Support Levels
₹1,058-₹1,060: This range represents the recent intraday low and a critical level where buyers have previously shown interest.
₹1,040-₹1,045: A strong support level observed from prior consolidation zones.
₹995-₹1,000: The 52-week low, acting as a major support zone.
Resistance Levels
₹1,070-₹1,075: A near-term resistance where selling pressure has been observed during intraday trades.
₹1,100-₹1,105: A psychological barrier and previous short-term peak.
₹1,125-₹1,130: A critical resistance level seen in past price movements.
₹1,339-₹1,340: The 52-week high and a long-term resistance point.
These levels are dynamic and may shift with new market data or significant trading volumes. If you'd like detailed technical charts or indicators for a precise breakdown, let me know!
Pre Market analysis for 01/01/2025
Pre Market analysis for 01/01/2025
#NIFTYBANK
If market opens flat and breaks 51000 level, will plan for buying for target 51400 level.
If market opens gap down, and breaks 50700 will plan for selling for target 50400. Wait for 15min candle close below level.
If market opens gap up, and sustains above 51000 level, then plan for buying for target 51400.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
HDFCBANK Support and Resistance LevelsAs of January 1, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,773.42.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹1,769.23
Support 2: ₹1,757.22
Support 3: ₹1,748.83
Daily Resistance Levels:
Resistance 1: ₹1,785.43
Resistance 2: ₹1,789.62
Resistance 3: ₹1,797.43
These levels are derived from pivot point calculations and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
BAJFINANCE Support & Resistance As of January 1, 2025, Bajaj Finance Limited (NSE: BAJFINANCE) is trading at ₹6,850.00, reflecting a 0.73% increase from the previous close of ₹6,800.00.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹6,783.53
Support 2: ₹6,745.27
Support 3: ₹6,698.53
Daily Resistance Levels:
Resistance 1: ₹6,868.53
Resistance 2: ₹6,915.27
Resistance 3: ₹6,953.53
These levels are derived from the classic pivot table and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend
NSE Option Chain Significance of NSE Option Chain
Offers a glance at the in-the-money (ITM) and out-the-money (OTM) options. It proves useful for assessing the depth and liquidity of specific strikes. It aids traders to find option premium against its corresponding maturity date and strike price.
An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Trading options offers a number of benefits for an active trader: Options can offer high returns and do so over a short period, allowing you to multiply your money quickly if your wager is right. With options, it can cost less to get the same exposure to a stock's price movement than it does to buy the stock directly.
Option chain in trading An option chain primarily focuses on options contracts associated with an underlying asset, such as stocks, commodities, or indices. It provides information about the available options, their strike prices, expiration dates, bid-ask prices, and other contract-specific data.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
The average directional index (ADX) is a technical analysis indicator used by some traders to determine the strength of a trend.
Option and database trading An option chain, sometimes referred to as an option matrix, is a fundamental tool in the world of options trading. It provides traders and investors with a comprehensive view of available options for a particular underlying asset, such as stocks, indices, or commodities.
The most successful options strategy for consistent income generation is the covered call strategy. An investor sells call options against shares of a stock already owned in their portfolio with covered calls. This allows them to collect premium income while holding the underlying investment.
#MVGJL positive breakout with increasing volume.
#MVGJL positive breakout with increasing volume.
Note: Overall Market sentiment is still negative so
Accumulate quantities in multiple intervals above the price 281.5
*Follow Risk Management and Position Sizing*
**This is no Buy/Sell recommendation but only chart reading and
learning purpose**"
Pre Market analysis for 31/12/2024
Pre Market analysis for 31/12/2024
#NIFTYBANK
If market opens flat and breaks 50650 level, will plan for selling for target 50000 level.
If market opens gap down, and sustains below 51650 will plan for selling for target
50000.Wait for 15min candle close below level.
If market opens gap up, and sustains above 51450 level,
then plan for buying for target 51950.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 31/12/2024
Pre Market analysis for 31/12/2024
#NIFTY50
If market opens flat and breaks 23600 will plan for selling ng for target 23500 level.
If market opens gap down, and sustains below 23600, then plan for selling for target 23500. level.
If market opens gap up, and sustains above 23800 level, then plan for buying for target 23950 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Zomato Ltd view for Intraday 31st Dec #ZOMATO
Zomato Ltd view for Intraday 31st Dec #ZOMATO
Resistance 285 Watching above 285 for upside movement...
Support area 280 Below 280 ignoring upside momentum for intraday
Support 280 Watching below 278 or downside movement...
Resistance area 285
Above 285 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bharati Airtel Ltd view for Intraday 31st Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 31st Dec #BHARTIARTL
Resistance 1600 Watching above 1603 for upside movement...
Support area 1570 Below 1580 ignoring upside momentum for intraday
Support 1570 Watching below 1568 or downside movement...
Resistance area 1600
Above 1580-1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Hindalco industries Ltd view for Intraday 31st Dec #HINDALCO
Hindalco industries Ltd view for Intraday 31st Dec #HINDALCO
Resistance 608-610 Watching above 611 for upside movement...
Support area 600 Below 605 ignoring upside momentum for intraday
Support 600 Watching below 597 or downside movement...
Resistance area 608-610
Above 605 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ITC Ltd view for Intraday 31st Dec #ITC
ITC Ltd view for Intraday 31st Dec #ITC
Resistance 480 Watching above 481 for upside movement...
Support area 470 Below 475 ignoring upside momentum for intraday
Support 470 Watching below 469 or downside movement...
Resistance area 480
Above 465 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,