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Niftytrendanalysis

Nifty - Possible end of bears controlFrom the ATH of 26151 Nifty is almost reaching its 10% correction value @ 22635 Area of 22650 to 750 also happens to be the last strongest support point At this level it can be make or break situation for nifty Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high It may be a risky call but Risk to Reward is excellent Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
NSE:NIFTYLong
by Vishy5
3
Nifty to Kick-Start the Year with a Pause!● A detailed examination of the daily chart reveals the emergence of an Inverted Cup and Handle pattern, suggesting a bearish outlook. ● However, the index is currently hovering above the critical support level of 23,500, while attempting to establish a foothold above the 200-period EMA, a key dynamic support. ● Furthermore, options data indicates a significant concentration of put writers at the 23,500 strike price, lending additional credence to the support zone. ● Given these technical and sentimental factors, we expect the index to remain in a consolidative phase over the next month, as market participants await a clear catalyst for direction.
NSE:NIFTY
by GoodluckCapital
The Week Ahead for Nifty: Trends and InsightsLast week, the Nifty index faced strong selling pressure, driven by various global economic factors. ◉ Current Scenario ● At present, the Nifty is trading near its 200 EMA, just above 23,500, a level with high put writer concentration, indicating potential support. ● Conversely, the 24,000 level will act as an immediate resistance due to the high number of Call contracts open at that position. ◉ Expected Market Movement ● This week is likely to be muted for the Nifty. ● If the index slips below 23,400, the next support level will be 23,000. ● A major upward move is expected only if the Nifty surpasses 24,800.
NSE:NIFTY
by GoodluckCapital
1
Trading Opportunity: Kabra Extrusiontechnik (Daily Flag BreakoutStock: NSE:KABRAEXTRU Pattern: Flag Breakout (Daily Chart) Type: Short to Medium-Term Trade Trade Details Buy Level: ₹513 Stop-Loss: ₹485 Targets: ₹527 ₹543.35 ₹555.60 ₹570.05 ₹584.35 Final Target: ₹597.50 Risk-to-Reward Ratio: 1:3 Analysis and Rationale Kabra Extrusiontechnik has formed a classic flag breakout pattern on the daily chart, signifying a strong continuation of the ongoing uptrend. Entry Level: ₹513 aligns with the breakout confirmation. Stop-Loss: ₹485 protects against invalidation of the setup. Targets: Derived based on measured moves and prior resistance levels. Key Observation s Trend Continuation: The flag breakout indicates bullish momentum. Risk Management: Attractive risk-to-reward ratio of 1:3 enhances trade viability. Scaling Out: Partial profit-booking at intermediate targets is advised. Disclaimer This analysis is for educational purposes only. Trading involves risk; consult a financial advisor before making investment decisions. Always trade within your risk tolerance.
NSE:KABRAEXTRULong
by raigvivek
1
Trading Opportunity: Salzer Electronics (On-Neck Breakout)Stock: NSE:SALZERELEC Pattern: On-Neck Breakout (Weekly Chart) Type: Medium-Term Trade Opportunity Trade Details Entry Point: Buy at ₹1411 Stop-Loss: ₹1257 Targets: ₹1486.45 ₹1561.90 ₹1649.90 Final Target: ₹1739 Risk-to-Reward Ratio: 1:2 Analysis and Rationale The stock of Salzer Electronics has shown an on-neck breakout on the weekly chart, indicating a continuation of bullish momentum. This breakout is backed by strong price action, suggesting a favorable medium-term opportunity for traders. Entry Level Justification: ₹1411 is a key level of confirmation where the breakout appears sustainable. Stop-Loss Positioning: ₹1257 serves as a strategic stop to protect capital while allowing the trade room to develop. Target Projections: The targets are calculated based on historical resistance levels and measured moves post-breakout. Key Observations Bullish Momentum : The on-neck breakout signifies buyer strength, hinting at further upside potential. Volume Confirmation: Monitor trading volume, as increasing volume can further validate the breakout. Medium-Term Horizon: The trade is structured for medium-term gains, ideal for positional traders. Trade Plan Risk Management: Maintain discipline by adhering to the stop-loss to ensure controlled risk. Scaling Out: Consider partial profit-booking at intermediate targets to lock in gains. Monitoring: Regularly track the stock’s performance to adjust levels if market conditions change.
NSE:SALZERELECLong
by raigvivek
1
Rebound Revival: Will Nifty's Upward Trajectory Continue?● After experiencing a notable decline from its peak, the broad index has found support around the 23,250 level. ● Since then, it has demonstrated a strong recovery and is currently trading just below the key resistance level of 25,000. ● In the near term, the range between 23,900 and 24,000 is expected to act as support. ● We can anticipate a phase of consolidation between these immediate support and resistance levels, as suggested by the open interest data. ● Additionally, the 2-hour chart reveals the formation of an Inverted Head & Shoulders pattern, suggesting a bullish outlook. ● However, for a substantial upward movement, the Nifty must break through and maintain its position above 25,000.
NSE:NIFTYLong
by GoodluckCapital
KIRIINDUS (Kiri Industries Ltd.): Bullish Flag BreakoutSetup: Pattern: Kiri Industries has formed a Bullish Flag on the daily chart, signaling a potential continuation of the prior uptrend. Breakout: The stock has recently broken out of its consolidation phase, confirming the flag pattern. Entry Strategy: Buy at: 613 INR. Wait for a confirmation close above the flag's resistance for entry. Risk Management: Stoploss: Set at 554 INR, positioned below the flag's lower trendline. Profit Targets: 1st Target: 644 INR 2nd Target: 670 INR 3rd Target: 702 INR 4th Target: 729 INR 5th Target: 760 INR 6th Target: 788 INR Risk/Reward: Risk : 59 INR (Entry - Stoploss) Rewards: Ranging from 31 INR to 175 INR, offering a strong risk-reward profile. Notes: Volume Confirmation: Ensure the breakout volume is higher than average to validate the setup. Market Context: Consider the sector and broader market trends for added confidence. Fundamentals: For long-term holds, review company fundamentals. This setup provides traders with a clear plan for entering, managing risk, and aiming for multiple profit levels. However, always adapt your strategy to real-time market conditions.
NSE:KIRIINDUSLong
by raigvivek
Nifty 50: Inverted Head & Shoulders Breakout! Targeting 25,381The NSE:NIFTY index has delivered a decisive breakout above the Inverted Head & Shoulders neckline at 24,340, signaling strong bullish momentum on the daily chart. This pattern, often viewed as a reliable reversal indicator, points towards a potential target of 25,381. Pattern Breakdown: Left Shoulder: Formed around 4th Nov'24. Head: The lowest point near 23263. Right Shoulder: Higher lows confirm strengthening bullish sentiment. Neckline: The breakout at 24,340, now a crucial support level. Key Levels to Watch: Resistance Levels: 24,527 24,690 24,873 25,053 25,312 Support Zone: 24,340 (previous neckline). Target Calculation: Using the height of the pattern (distance between the neckline and the head), the breakout projects an upside target of 25,381. Cautionary Note: While the breakout is promising, traders should monitor global market cues and economic developments that could impact the index's trajectory. Maintain strict risk management. ⚠️ Disclaimer: This post is for educational purposes only. Trade responsibly and manage risk wisely.
NSE:NIFTYLong
by raigvivek
BankNifty: Inverted Head & Shoulders Breakout! Targeting 55,000The NSE:BANKNIFTY index is showing a classic Inverted Head & Shoulders pattern on the daily chart, a bullish reversal structure indicating potential upside momentum. The neckline has been decisively broken with strong volumes, validating the breakout. Pattern Breakdown: Left Shoulder: Developed between 26th october to 6th Nov'24 . Head: Marked the lowest point near 49797. Right Shoulder: Recently formed at higher lows, confirming bullish sentiment. Neckline: Positioned around 52550, which now acts as a support zone. Target Calculation: Using the pattern height (distance from the neckline to the head), the projected upside target for BankNifty is approximately 55,000. Key Levels to Watch: Support: The neckline at 52550 should act as immediate support. Resistance: Minor resistance can be seen at intermediate levels such as 53460 & 54460. Caution: While the breakout is promising, traders should monitor global cues, interest rates, and sectoral performance, which might impact the BankNifty index. Risk management is essential. This analysis is for educational purposes. Always consult your financial advisor before making trading decisions.
NSE:BANKNIFTYLong
by raigvivek