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NIFTY

NIFTY 50 INDEX NIFTY 50 | Impulse Rally Nearing Completion - Selling Can Start Soon! ▼ NIFTY 50 appears to be nearing the final stage of Wave 5 of the larger degree Wave 1. Price has reached the crucial Fibonacci resistance zone at 24679, and the broader 24700-24800 range is shaping up as a strong shorting zone. This area is technically significant and could trigger profit booking or fresh selling pressure as we approach the upper boundary of the wave count. If the index closes near the day's high today, there's a strong possibility that Monday opens with a gap-up, but this is likely to face heavy selling within the first 1-2 hours. The momentum is stretched, and the current rally looks exhausted on the lower time frames. As we step into the next phase, a corrective Wave 2 is expected to unfold, with downside potential towards 24000 and even 23600 as part of this pullback. This leg could provide better positioning for medium-term traders. The broader structure now signals that the impulse rally is overextended, and selling can begin soon from these stretched levels.
NSE:NIFTYShort
by Ashwani123
Bajaj Finance ltd // 4hour Support and ResistanceAs of May 3, 2025, Bajaj Finance Ltd (NSE: BAJFINANCE) is exhibiting the following key support and resistance levels on a 4-hour timeframe: 📊 4-Hour Support and Resistance Levels Level Price (₹) Type Support 1 8,316.37 Support 2 8,236.03 Support 3 8,184.07 Resistance 1 8,448.67 Resistance 2 8,500.63 Resistance 3 8,580.97 These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend. 🔍 Technical Indicators As of the latest available data: Relative Strength Index (RSI): 64.48, indicating an uptrend. Stochastic RSI: 0.6, suggesting upward momentum. Commodity Channel Index (CCI): 199.12, reflecting a strong uptrend. Money Flow Index (MFI): 75.33, indicating strong buying pressure. These indicators suggest a bullish trend, with the stock trading above its 20-day and 50-day Simple Moving Averages (SMA), and the 100-day and 200-day SMAs indicating an uptrend. 📈 Strategy Considerations Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹8,316.37, it may continue its upward movement towards Resistance 1 at ₹8,448.67. Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase. Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
NSE:BAJFINANCE
by Ashwani123
Nifty 50 Index spot 24346.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24346.70 by the Daily Chart view - Support Zone 23875 to 23975 Nifty 50 Index Band - Resistance Zone 24675 to 24780 Nifty 50 Index Band - Volumes are well in sync with the average traded quantity - Nifty Index has sustained well above the immediate Support Zone at 23785 to 23975 and contained below Resistance Zone 24675 to 24780 over past 2 weeks - Nifty Index is behaving erratically by jumping from positive to negative and vice versa between the days highs and lows over keeping an eye on the ongoing cross border uncertainty state and seems it is keeping submissive to fear factor - Let us hope for the best to happen for a positive outcome over the coming days/weeks and foresee Nifty 50 Index to gradually and steadily progress towards the current ATH 26277.35 for a New ATH, in line with the Bank Nifty Index strides
NSE:NIFTY
by PIYUSHCHAVDA
Support and Resistance part 2In technical analysis, support and resistance refer to price levels on a chart where the market's movement is expected to pause or reverse due to the forces of supply and demand. Support is a price level where the price has historically stopped falling, indicating that buyers are plentiful at that price point, and that the market is likely to bounce back upwards. Resistance, on the other hand, is a price level where the price has historically stopped rising, suggesting that sellers are abundant and the market is likely to fall back down.
NSE:HDFCBANKEducation
by SkyTradingZone
ETERNAL (ZOMATO) By KRS Charts17th April 2025 / 1:24 PM Why Eternal ?? 1. All Over Bullish Stock. Yet Not Profitable but Business model has potential in near Future. 2. Wave Count is suggesting 4th wave is likely finish and 5th last leg is started which can last till 340 Rs. 3 RSI & MACD is showing bullish continues Divg. bears gave there all but failed to make new lower low. 4. Lower TF is showing W pattern Breakout as well with good volume. Targets and SL 1W Closing Basis are mentioned in chart.
NSE:ETERNALLong
by KRSCharts
Maruti Suzuki India Ltd // 4hour Support and ResistanceAs of May 2, 2025, the 4-hour intraday chart for Maruti Suzuki India Ltd (NSE: MARUTI) indicates a bullish trend, with the stock trading at ₹12,257. The following support and resistance levels are derived from recent price action and technical analysis: 📈 4-Hour Intraday Support and Resistance Levels Immediate Support Levels: S1: ₹12,232 S2: ₹11,955 S3: ₹11,717 Immediate Resistance Levels: R1: ₹12,806 R2: ₹13,261 R3: ₹13,717 These levels are based on recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 🔍 Technical Indicators RSI (14): 64.81, indicating bullish momentum. MACD: 215.3, with a signal line of 116.03, suggesting upward momentum. MFI (14): 76.87, indicating buying pressure. EMA (50): ₹12,553.90, with the stock trading above this level, indicating a bullish short-term trend. EMA (200): ₹12,348.91, with the stock trading above this level, indicating a bullish long-term trend. These indicators suggest a continuation of the bullish trend, with potential for further upside movement. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹13,280, contingent upon sustained volume and price momentum. ⚠️ Important Notes Risk Management: Always use appropriate stop-loss orders to manage risk. Market Conditions: Intraday levels are subject to change based on market conditions and news events.
NSE:MARUTILong
by Ashwani123
State Bank of India // 2hour Support and ResistaneAs of May 2, 2025, the State Bank of India (SBIN) is trading at ₹728.05, up 0.84% from the previous close of ₹722.00. 📈 2-Hour Intraday Support and Resistance Levels Based on recent technical analysis and intraday chart patterns, here are the key support and resistance levels for SBIN on a 2-hour timeframe: Immediate Support Levels: S1: ₹723.00 S2: ₹718.00 S3: ₹710.00 Immediate Resistance Levels: R1: ₹735.00 R2: ₹745.00 R3: ₹755.00 These levels are derived from recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 🔍 Technical Indicators 50-Day EMA: ₹858.16 (Stock is trading above this level, indicating a bullish short-term trend) 100-Day EMA: ₹839.78 (Stock is trading above this level, indicating a bullish mid-term trend) 200-Day EMA: ₹812.92 (Stock is trading above this level, indicating a bullish long-term trend) MACD: Bearish crossover observed, suggesting potential short-term weakness RSI (14): Below 30, indicating oversold conditions MFI (14): 24.19, suggesting sideways movement CCI (20): Below -100, indicating oversold conditions William %R (14): -78.98, indicating oversold conditions ADX (14): Above 20 with +DI below -DI, indicating a downtrend PSAR: 238.73, acting as a stop-loss for long positions These indicators suggest a potential short-term pullback, but the overall trend remains bullish. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹1,342.35, contingent upon sustained volume and price momentum. ⚠️ Important Notes Risk Management: Always use appropriate stop-loss orders to manage risk. Market Conditions: Intraday levels are subject to change based on market conditions and news events. Consult Professionals: Consider consulting with a financial advisor before making investment decisions.
NSE:SBIN
by Ashwani123
NIFTYBANK INDEX#NIFTYBANK Pre-Market Analysis for 02 May Nifty Bank - *Gap-Up Opening*: GiftNifty indicates a gap-up opening. - *Chart Analysis*: - Clear selling indicates presence of sellers. - Breakdown of 55000 level removed buyers and added fresh sellers. - *Trading Strategy*: - Consider staying on buying side, targeting sellers' stop-losses. - Avoid selling in gap-down opening with negative movement, as there may not be sufficient downside buyers' stop-losses. - *Important Reminders*: Review the marked points on the chart for better understanding. - Trade with proper confirmation and avoid trading in FOMO (Fear of Missing Out). - Focus on making one well-planned trade per day. - *Note*: This analysis is based on my perspective, and market situations can change quickly. Stay disciplined and prioritize risk management.
NSE:BANKNIFTY
by Ashwani123
ICICI BANK LTD 15 MIN CHARTAs of May 2, 2025, the 15-minute intraday chart for ICICI Bank Ltd (NSE: ICICIBANK) indicates a bullish trend, with the stock trading at ₹1,250.05, up 0.49% for the day. 📈 Key Technical Levels Resistance Levels: R1: ₹1,245.82 R2: ₹1,259.55 R3: ₹1,275.00 Support Levels: S1: ₹1,230.00 S2: ₹1,215.00 S3: ₹1,200.00 These levels are derived from recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹1,342.35, contingent upon sustained volume and price momentum. 🔍 Market Sentiment ICICI Bank's stock has shown resilience, with a 1.80% increase over the past week and a 16.05% rise over the past year. Analysts maintain a positive outlook, with price targets ranging from ₹1,290 to ₹1,675.
NSE:ICICIBANKShort
by Ashwani123