EXACT REVERSAL from our DEMAND ZONE!As we can see despite the doubt we were having of market being uncertain and possibility of not following our demand zone, it followed despite the weak closing and showed strong REVERSAL of over 1 percent upmove. Hence as long as we are above our demand zone, every deip can be a buying opportunity, Further we can see it has also broken the bove supply zone but we cn expect some rejection from here despite the break. It is better for NIFTY to sustain at current levels making the supply zone weaker which can lead to a bigger unidirectional upmove. So, plan your trades accordingly and keep watching everyone.
Multiple Time Frame Analysis
Sonata Software - Bullish OpportunityWe have a bullish opportunity for Sonata Software - positional long:
- Trend seems to be upwards on Monthly and Weekly TFs
- On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone
- As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be forming a good solid 3rd Wave upwards on 1-D TF
- Entry can be done at 620-625ish and Targets can be 650, 688, 700 for immediate swings. If the momentum carries forward, we will revisit for exact target of when 3rd wave completes later.
THINGS doesnt looks RIGHT!Despite rejecting from strong demand zone, it couldnt continue its upmove, further it closed around the weak demand zone. it seems like the war is going to worsen with involvement of US which would further bring in RUSSIA and CHINA forming an ALLIANCE. Hence any fresh positions from here should be abstained as any flat opening can lead to strong unidirectional so plan your trades cautiously with strict SL and keep watching everyone.
IN our RANGE!! AS EXPECTEDAs we can see NIFTY has been respecting our levels for quite some time now. today despite its strong opening, it got rejected from our supply zone and managed to close around our demand zone and hence any flat opening with signs of rejection can show substancial upmove in NIFTY. Further multiple touches is making NIFTY's demand and supply zones weaker which can result in stronger breakout and unidirectional move so plan your trades accordingly and keep watching these important levels.
HAPPSTMND: Analysing the Bullish BreakoutHappiest Minds Technologies ( HAPPSTMND ) has recently exhibited a significant shift in market dynamics, marking a potential end to its prolonged downtrend that commenced in July 2024 . In a recent trading session, the stock registered an impressive 11% gain in single trading session signaling a resurgence of buyer interest.
This notable price appreciation was accompanied by a substantial surge in trading volume, with approximately 25M shares changing hands. This volume figure represents nearly 15 times the 20 MA volume, indicating a robust influx of buying conviction and significant market participation behind the upward move. Such a volumetric anomaly often provides strong confirmation for price breakouts or reversals.
From a momentum perspective, the technical indicators are also aligning to support a more constructive outlook. The MACD indicator on the weekly timeframe executed a bullish crossover several weeks ago, a development that typically precedes or accompanies long-term upward trends. Furthermore, the RSI has now advanced to the 54 level . While not yet in overbought territory, this move above the 50-mark suggests increasing bullish momentum and a healthy strengthening of the trend. This confluence of weekly MACD signals and improving daily RSI readings points towards a potentially strong long-term bullish movement.
Considering these technical observations, the stock may face a significant long-term resistance level around ₹794 . This level could present a crucial test for the prevailing bullish momentum, where a sustained breakout might pave the way for further upside. Conversely, for risk management purposes, traders may identify a suggested stop-loss zone and a breakout zone as illustrated on the accompanying chart, which would serve as key areas to monitor for potential shifts in price action or to define risk parameters.
Disclaimer: The information provided in this technical analysis is for informational and educational purposes only and should not be construed as financial advice. It is based on observations from historical price and volume data, and commonly used technical indicators. Market conditions can change rapidly, and past performance is not indicative of future results. All trading and investment decisions involve inherent risks, and losses can exceed initial investments. Always conduct your own comprehensive due diligence and consult with a qualified financial advisor before making any investment decisions.
25000 !! is here! expecting retracement from here!!?as we can see NIFTY is approaching 25000 level which both a psychological level and important supply zone hence we can expect some retracement from here till it finally breaks out towards its new all time high so plan your trades accordingly and keep watching.
Chambal Fertilizers: Exhibits Short-Term WeaknessChambal Fertilizers has recently displayed signs of short-term weakness on its daily chart. The price action indicates a struggle to maintain a position above the 200-day EMA, a widely recognized long-term trend indicator. Despite multiple attempts to close above this crucial level, the stock has been unable to sustain any significant upward momentum, suggesting a prevailing bearish sentiment among market participants.
From a momentum perspective, both the RSI and MACD indicators are currently positioned in what is typically considered the oversold territory. This could imply that the stock has experienced a period of significant selling pressure.
Should the current trend persist, the stock may potentially retest the ₹485 level, which could act as a significant support zone. Conversely, a potential shift in market dynamics could occur if the stock manages to close and sustain above its 200-day EMA for a minimum of two consecutive trading sessions. In such a scenario, traders might consider a revised risk management strategy, with potential stop-loss levels in the range of ₹569 to ₹573 , based on recent price action and potential resistance.
Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always seek the advice of a qualified financial advisor or conduct your own thorough research before making any investment decisions.
NIFTY REVERSED exactly from our given demand zone!As we can see NIFTY has recovered strongly exactly from our demand zone and has closed at very crucial zone which previously acted as a demand zone, can now act as a supply zone hence unless NIFTY breaks either side of the consolidation, it can remain sluggish to negative so plan your trades accordingly and keep watching.
DIRECTIONAL MOVE!! but not as PLANNED!!Though we expected a directional move on break of either side of the indecision candle, but couldnt yet make use of the move as we were waiting for NIFTY to break above. The move is more of a influence fall caused by a havoc due to sudden crash of boeing plane that led to loss of multiple lives, may their soul rest. OM SHANTI. Please GOD give their family strength to face and bear the pain and hope they are in better place now, a place without suffering!
25200!! is yett to be broken!As we can see NIFTY remained sideways another day showing indecision but we got a level to look out for , for confirmation of breakout. Since it has formed doji kinda candle, its high and low is marked important and since we are on bullish side, we would focus on its newly made high of that doji candle which is 25200 hence any closing above 25200 can be unidirectional move so keep watching everyone.
NIFTY still in structure! READY to BREAK!As we can see NIFTY remained sideways another day after showing strong upmove but still looks strong and in pattern. Now that it has managed to sustain itself above 25000 levels, we can expect a directional upmove above 25200 levels so plan your trades accordingly and keep wathching these important levels.
KOTAK BANK - targets 2200 plusKOTAK MAHINDRA BANK - price is 1865
Kotak mahindra bank ,the biggest and unique in its way of working now may act as a proxy to Bank Nifty for playing for upside gains.
1850 levels are very strong supports on monthly and weekly time frames.
these would act as pivots for buying for 2050 and 2200 levels since Bank Nifty is trading at all time highs, also HDFC, ICICI, AXIS all big pvt banks are trading at all time highs.
so buying should be initiated at 1850 for the targets of 2200.
also this stock may safeguard the capital invested in times of declines in the NIFTY - BANK NIFTY and the markets in general.
thanks
NIFTY preparing itself for a bigger move!As we can see after a trending move, NIFTY remained sideways throughout the day hitting SL both sides but since it is sustaining itself above 25000 levels hence a strong upmove can be expected anytime sooner followed by the bullish structure and pattern which can add fuel to the fire, so keep watching everyone
WHIRLPOOL technical analysisWhirlpool of India Ltd. (NSE: WHIRLPOOL) is currently trading at INR 1,354.70, reflecting a 9.61% increase. The company is a major player in the home appliances sector, specializing in refrigerators, washing machines, microwaves, and air conditioners, with a strong market presence across India.
Key Levels
Support Levels: INR 693.95, INR 1,141.35, INR 1,344.55
Swing Level: INR 1,620.20
Possible Upside Levels: INR 2,544.65, INR 2,992.05, INR 3,561.90
Technical Indicators
RSI: The Relative Strength Index (RSI) is at 45.50, indicating neutral momentum. The stock is neither overbought nor oversold, suggesting potential consolidation or a gradual price move.
Volume: Trading volume is 1.72M, showing steady investor interest. Higher volume near key resistance levels could confirm price movement strength.
Sector and Market Context
Whirlpool of India operates in the consumer electronics and home appliances sector, which has witnessed moderate demand growth, driven by urbanization, rising disposable incomes, and expanding e-commerce sales. However, inflationary pressures, competition from domestic and global brands, and raw material price fluctuations can affect profitability. Investors are watching market trends in premium appliances and sustainable technologies, which could shape long-term growth.
Latest News and Developments
Market Trends: Increased demand for energy-efficient home appliances, supporting long-term product innovation.
Analyst Ratings: Some analysts maintain a neutral stance, citing stable earnings but cautioning on competitive challenges.
Quarterly Results: Whirlpool India posted stable revenue growth, although input costs affected margins slightly.
Dividend Update: Whirlpool of India Ltd. has announced a dividend payout of ₹7 per share, reinforcing its commitment to shareholder returns.
Analysis Summary
Whirlpool of India Ltd. presents a neutral technical setup, with RSI indicating steady positioning and volume trends reflecting investor engagement. The stock benefits from sector tailwinds, driven by rising demand for home appliances and premium product innovations, though macroeconomic factors and competitive pricing strategies should be monitored. Investors should track price action near swing levels, industry-wide shifts, and upcoming earnings disclosures before making strategic decisions.
Another DIRECTIONAL upmove incoming!!!?As we can see, despite forming negative bias NIFTY regained its original shape and got back to its original direction i.e UPTREND. Needless to say, we always had been on the right direction since the beginning and bought every dip with logic. NOw it can be seen forming flag-pole pattern which is also a bullish continuation pattern hence as long as NIFTY maintains itself above 25000, a sharp upmove can be expected so plan your trades accordingly and keep watching.
Well anticipated move!As we can see despite the bearishness, NIFTY showed immense strength as expected and analysed in our previous posts. We had been adamant to our levels and hence every dip was our buying opportunity and also told u guys to make fresh entries for better risk to reward. Now we will stick to our analysis and will keep on buying the dip unless 24400 is broken and sustained below for ATH target.
ABBOTINDIA Swing Trade ( 10% upside potential) Abbott India is near to the previous Institutional Buying zone and has upside potential of 10%.
Simple Demand Zone buying setup.
Don't keep hard stop loss. Manage positions as per situation.
Follow for more such setups.
I have been very busy lately because of renovation at home. Will be sharing more setups soon. Thanks.