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Breakaway Gap and Bullish Momentum in SRF Ltd1. Key Observations in Price Action Price Movement: The stock has been range-bound for a considerable period, trading between ~2200 (support zone) and ~2600 (resistance zone). The highlighted blue box captures this range. Several attempts to break out above 2600 (R3) failed, showing resistance. Likewise, multiple tests of the support level around 2200 (S3) held strong. Breakaway Gap on the chart: A large gap-up candle appears on the right-hand side. The price surged from the prior resistance (~2400-2500) to a new high of ~2650. This is indicative of a breakaway gap, often signifying the start of a strong upward trend. The breakout is further supported by strong volume (visible in the price action characteristics). The price is now trading above the pivot (P) and nearing R1/R2, suggesting bullish momentum. 2. Pivot Levels and Key Support/Resistance Resistance Zones: R1 (2600): Currently being tested. R2 (2700): The next potential level if momentum continues. R3 (2900): A longer-term bullish target if the uptrend sustains. Support Zones: P (2400-2500): Recent resistance turned support; critical to sustaining the uptrend. S1 (2300): Immediate support if a pullback occurs. S2/S3 (2200): The bottom of the prior range and a strong support zone. 3. Breakaway Gap Analysis What is a Breakaway Gap? A breakaway gap occurs when the price opens significantly higher (or lower) than the previous close, accompanied by strong volume. It marks the beginning of a new trend. The gap is often not filled immediately and acts as a strong support/resistance level. In this case: The gap has broken out of the 2400-2600 consolidation range, signifying the end of the prior range-bound movement. If the gap remains unfilled in the coming sessions, it will confirm a breakaway gap and further validate bullish strength. Support from MACD (discussed below) and pivot levels indicates the price may continue higher. 4. MACD Analysis The MACD line (blue) is above the signal line (orange), confirming bullish momentum. The histogram is strongly positive, indicating the strength of the upward trend. This momentum aligns with the gap breakout and suggests the continuation of the upward move. 5. Trading Implications Bullish Case: A sustained move above R1 (2600) can lead to the next resistance at R2 (2700). The breakaway gap (~2400-2500) will act as strong support, ensuring a higher low structure. Traders can look for long entries above 2600, with a stop loss near 2500 (gap support) and targets at 2700-2900. Bearish Case (Invalidation): A failure to sustain above 2600 could lead to a pullback to the gap level (2400-2500). If the price fills the gap entirely, it may re-enter the previous range of 2200-2600. Conclusion The breakaway gap signals a potential long-term uptrend for SRF Ltd, provided the gap remains unfilled. MACD and pivot levels confirm bullish momentum, with upside targets at 2700 and 2900. Key support levels to watch: Immediate: 2500 (gap zone) Critical: 2200 (previous range bottom)
NSE:SRFLong
by TrueVithbyVishwanath
Key Patterns, Observations, and Future ScenariosThe stock is trading within a well-defined ascending channel, which is indicative of an overall bullish trend. Over the past few years, the price has consistently respected both the upper and lower boundaries of this channel. This is a strong indication of systematic movement and healthy trends in the stock. The price has recently bounced off a key support level near the lower boundary of the channel around ₹179, and it’s currently sitting at ₹202. This suggests that the stock might be gearing up for another move toward the upper boundary of the channel. Fibonacci Levels and Price Action Observations: The Fibonacci levels plotted on the chart act as critical support and resistance zones. Let’s break this down: Support levels : ₹179 is a major support level, being close to the S1 level and the lower channel line. Below that, ₹160 and ₹136 also serve as significant supports if the stock witnesses a deeper correction. Resistance levels: On the upside, ₹225 and ₹237 are immediate hurdles. The ₹225 level aligns with the pivot and has seen price rejection multiple times in the past. Beyond this, ₹263, which is the R3 level, coincides with the upper boundary of the channel and serves as a long-term resistance target. The price action suggests the stock has been consolidating near the middle of the channel, but with a tendency to test higher levels after each consolidation phase. This is a healthy sign of accumulation and consistent bullish interest. Momentum Indicators – MACD: T he MACD (Moving Average Convergence Divergence) indicator below the chart is signaling early bullish momentum: We can see a potential bullish crossover where the MACD line (blue) is about to cross above the signal line (orange). This is a classic signal for potential upward movement in the near term. Additionally, the MACD histogram is beginning to turn positive, though it’s still in the early stages of a bullish signal. This suggests that while momentum is building, we need to wait for confirmation. If the price breaks above the ₹225 resistance level with strong volume, it could lead to a rally toward ₹237, which is the next major resistance based on Fibonacci and channel projections. If the bullish momentum sustains, the price might even target ₹263, the upper channel boundary. This move would signify a continuation of the long-term bullish trend. It’s also possible that the stock might continue oscillating within the channel boundaries for some time, respecting the key Fibonacci levels for support and resistance. In such a case, we might see the price consolidating between ₹179 and ₹225 before making a decisive move. I would consider entering long positions near the ₹179 support level or on a breakout above ₹225. The first target for this trade would be ₹237, followed by ₹263, depending on momentum and market conditions. Stop-loss for this trade could be placed slightly below ₹160 to manage risk effectively.
NSE:REDINGTONLong
by TrueVithbyVishwanath
Testing Key Support with Bearish MomentumTata Power is consolidating between 370 INR (support) and 470 INR (resistance). The MACD shows bearish momentum with a negative crossover and declining histogram. If 370 INR breaks, the next major support lies at 336 INR. The weekly chart of Tata Power indicates a consolidation phase, with the stock trading between 370 INR (support) and 470 INR (resistance). Currently, the price is testing the S1 Fibonacci level (~370 INR), a critical support zone. The following are key observations: Key Observations: MACD Indicator: A bearish crossover is evident, with the MACD line below the signal line. The histogram is negative and declining, signaling strong bearish momentum. Support and Resistance Levels: Current Support: Immediate support is visible near 370 INR (S1 level). Further Downside: If 370 INR breaks, the next critical support level lies around 336 INR (S2 Fibonacci level). Resistance: The stock faces resistance near 470 INR (R1 level). Price Action: The stock is in a downward trend after failing to sustain above its range near 470 INR. A potential breakdown below 370 INR could lead to further bearish action toward 336 INR, a strong historical support. Possible Scenarios: Bearish Continuation: A breakdown below 370 INR would confirm bearish sentiment, with the next support at 336 INR. Traders should watch for strong bearish candles to confirm this move. Reversal Potential: If the price consolidates or forms reversal patterns like a hammer or bullish engulfing near 370 INR or 336 INR, it could indicate a potential recovery toward the upper range. Conclusion: Tata Power is currently at a crucial support zone. A breakdown could lead to further downside, with the next key level at 336 INR. However, any signs of a reversal could present an opportunity for recovery. Traders and investors should monitor price action closely near these levels.
NSE:TATAPOWERShort
by TrueVithbyVishwanath
Comprehensive Technical Analysis of IRFC Weekly Chart: TrendsTrend Analysis: Current Price: ₹145.42 (as shown on the chart). Trend Direction: The breakout from the descending wedge earlier suggests bullish momentum. However, the price has been consolidating in a sideways pattern recently, indicating indecision among traders. A strong support level is evident near ₹140–₹144. Support and Resistance Levels: Immediate Support: ₹144 (near Pivot Point and S1 zone). If the price breaks below ₹144, it could retest lower Fibonacci levels like ₹130–₹125 (S2 and S3). Resistance Levels: ₹153 (R1): If the price can cross this, further upward movement toward ₹160 (R2) and ₹180 (R3) is possible. MACD Insights: Current Status: MACD is below the signal line, suggesting bearish momentum in the short term. The histogram shows shrinking red bars, indicating weakening bearish momentum and potential for reversal. Possibilities: If the MACD crosses above the signal line, it would confirm bullish momentum. If bearish momentum persists, expect further price consolidation or a downward move. Volume and Momentum: The chart does not explicitly show volume bars, but momentum indicators (like MACD) suggest a slowdown in bearish pressure. Wedge Breakout and Potential Scenarios: Bullish Continuation: If ₹145–₹150 is held as support, the price may rally toward ₹160 and eventually ₹180 in the medium term. Bearish Breakdown: If ₹144 is breached, the price may revisit ₹130, a strong support level from previous consolidations. Sideways Consolidation: If momentum remains weak, the price could range between ₹144–₹153 for a few weeks.
NSE:IRFC
by TrueVithbyVishwanath
1
NIFTY50 - TRADING NEAR KEY SUPPORT ZONESymbol - NIFTY50 CMP - 22250 The Nifty50 index continues to maintain a negative bias, with the price action suggesting that it remains within bearish trend. This indicates the continuation of the downtrend, though we are currently seeing the index testing key support levels. At the moment, Nifty is trading near the 22200 area, which is a critical support zone. Technical indicators are also hinting at the fact that markets are oversold at current levels. Given the underlying support zone & oversold conditions, there's a high probability of a short-term bounce before the downward momentum resumes. Looking at the immediate price structure, we are likely to witness a potential retracement towards resistance zones around 22800 and 23000. These levels are in line with the Fibonacci retracement levels, offering opportunities to enter long positions with a favorable risk-reward ratio. Traders can look for a bounce from current support levels and expect a move towards these resistance zones. we are now at a critical juncture where a potential bounce could provide opportunities for short-term longs. Given the technical setup, I am taking long positions in Nifty Futures at CMP 22250. I will look to add more positions if the price reaches 22100-22050 range. My SL is set at 21970 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower. Key resistance remains around 23400. A sustained move above this range could suggest a potential shift from a bearish trend to a neutral or even bullish outlook. However, until the index decisively moves above these levels, the preferred strategy remains to sell at resistance and buy at support, capitalizing on any short-term retracements. In conclusion, while the short-term outlook offers potential for a bounce, the broader trend remains bearish. Therefore, the approach should be to look for long positions at favorable support levels. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:NIFTYLong
by akshit_official
NIFTY Breaking 2020 Trendline with Monthly Big Bear CandleNifty Breakdown 2020 Trendline on Monthly Chart with Big Bear Candle - (Currently Now its show almost Full Bear power Candle near at 10:30am) If You See the Monthly RSI Is also going to break almost Five years Low 53.30 3rd thing if you comapre RSI low 2016-2020 breakdown its Go more 39% Down in just 2 months. Chart & Indicator both Saw Very bad Sentiments & Pattern on chart. my prediction as below as per fibo chart shown in chart Target as per Fibolevel T1- 21848.50 (23.8%) T2- 19108.65 (38.3%) T3- 16894.25 (50%) T4- 14679.80(61.8%) Target as per Chart (Zones) T1 Zone- 22081- 21588 T2 Zone- 18912-18515.50 T3 Zone- 15645-15177
NSE:NIFTYShort
by StockviewPari
2
TATA COMMUNICATIONS - TRADING AT MAJOR SUPPORT ZONESymbol - TATACOMM CMP - 1388 Tata Communications Ltd. has shown weakness over the past few months, with the overall technical structure indicating a bearish outlook. However, the stock has recently reached a major demand zone, which lies between the 1380-1350 range, a level that has held significant support in previous price actions since 2021. This zone could act as a strong demand area, potentially offering a good trading opportunity at current prices. The stock has been under selling pressure in the short term, but as it approaches this demand zone, the probability of a reversal or at least a short-term bounce increases. The technical indicators suggest that the stock is at a crucial level where the demand could pick up, leading to a possible upward movement from current levels. Although the broader trend has been bearish, the price action near this support level creates an attractive risk-reward setup. Given the recent price action, I am taking long positions in TATACOMM Futures at 1388. I will look to add more positions if the price reaches 1360-1350 range. My SL is set at 1325 to manage risk, ensuring protection in case the price fails to hold the demand zone and continues lower. The target I am expecting is 1520, which represents more than a 10% upside from current levels. This target aligns with previous resistance areas and the potential for a bullish move once the stock stabilizes at the demand zone. Disclaimer: The information provided here should not be construed as a buy or sell recommendation. It reflects my personal analysis and my trading position. Please consider this trading idea for educational purposes only. Thank you!
NSE:TATACOMMLong
by akshit_official
NIFTY fall & probability observation1) On Aug 5th, 2024 - Nifty's low (23,893.70). 2) On Nov 12th, 2024 - Nifty broke Aug 5th low and fell (-2.64%). 3) On Nov 21st, 2024 - Nifty's low (23,263.15). 4) On Jan 13th, 2025 - Nifty broke Nov 21st low and fell (-2.10%). 5) On Jan 27th, 2025 - Nifty's low (23,786.90). As per the above observations of NIFTY chart data, Every time when nifty broke the previous low It fell an average of (-2%). > The fall % difference between the (Aug 5th, 2024 to Nov 12th, 2024) is (-2.64%) - (-2.10) = 0.54%. > Observing, Assuming and Applying this % difference data with the Jan 27th, 2025 low (23,786.90), That is, (2.10% - 0.54%) = 1.56% 23,786.90 - 1.56% = 22,431. -> FIB Retracement - Marking the Nifty's election day's (Jun 4th, 2024) low of 21,281.45 and Nifty's All Time High (Sep 27th, 2024) 26,277.35, The next level (0.786) of fib retracement comes around 22,350. -> The above observation data collides with Fib Retracement. Final Comment: If nifty breaks the level of (22,786.90), The next support would be 22,400 to 22,350. If it breaks further, Nifty may test the most major support of 21,800.
NSE:NIFTY
by SHRIHARII
1
#XAUUSD/H1 Owners market, waiting for the right moment.XAUUSD Gold Trading Strategy February 28, 2025: Yesterday's trading session after a sharp drop from the 2915-2920 zone to the 2868-2874 price zone. Currently, the price is still sideways in the 2868-2893 zone. If the price breaks the upper or lower border, we can enter orders following the short trend. However, the main trading trend is still to wait to sell at resistance zones. Today's trading trend: SELL. Recommended orders: Plan 1: SELL XAUUSD zone 2891 - 2893 SL 2896 TP 2888 - 2880 - 2870 - 2860. Plan 2: SELL XAUUSD zone 2905 - 2907 SL 2910 TP 2902 - 2895 - 2890 - 2880 - open. Plan 3: SELL XAUUSD zone 2917 - 2919 SL 2922 TP 2914 - 2905 - 2895 - 2880 - open. Wish you a safe and profitable trading weekend😍😍😍😍😍😍
OANDA:XAUUSD
by Dark_Trader_19051
NIFTY Levels for February 28, 2025NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels February 28, 2025BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech
what Next in Gold ✅ Bearish Structure: Price is in a clear downtrend, forming lower highs and lower lows on both 15-minute and 1-hour charts. A descending trendline is acting as resistance. ✅ Order Block (OB) Rejection: The price recently tapped into an order block near $2,882.439 and got rejected, confirming seller dominance. This suggests that any retracement to this area could provide a potential short opportunity. ✅ Key Support & Resistance Levels: Resistance: $2,904.610 (Major Resistance) – A strong level where price previously reversed. $2,882.439 (Order Block Resistance) – Key level where sellers stepped in. Support: $2,864.908 – Immediate support; a breakdown could lead to further decline. $2,851.502 – Next key support level. $2,833.971 – Major support zone where buyers may step in. ✅ Potential Trade Setups: 📉 Bearish Scenario: If price rejects from the order block ($2,882 area) or the trendline, a short position could be considered targeting $2,864 - $2,851. A break below $2,864 could accelerate selling pressure toward $2,833. 📈 Bullish Scenario: A break and close above $2,882 could invalidate the bearish setup and push price towards $2,904, where major resistance lies. 📉 Bearish Setup (Short Trade) 🔹 Entry: $2,880 - $2,882 (Order Block & Trendline Resistance) 🔹 Stop-Loss (SL): $2,887 (Above the order block to avoid stop hunts) 🔹 Take-Profit (TP) Targets: TP1: $2,864 (First support level) TP2: $2,851 (Next key support) TP3: $2,834 (Major support zone) 🔹 Risk-Reward Ratio (RRR): At least 1:3+ (Good setup if price rejects the OB) ✅ Confirmation: Look for a rejection candle (like a bearish engulfing or pin bar) before entering. If price closes above $2,887, exit short trades as it may flip bullish. 📈 Bullish Setup (Long Trade - If Structure Breaks) 🔹 Entry: Break & Retest of $2,882 (If price holds above this level) 🔹 Stop-Loss (SL): $2,875 (Below breakout zone to manage risk) 🔹 Take-Profit (TP) Targets: TP1: $2,895 TP2: $2,904 (Major resistance) 🔹 Risk-Reward Ratio (RRR): 1:2 or higher ✅ Confirmation: Wait for price to close above $2,882 on the 15M or 1H timeframe before entering. If price gets rejected at $2,882, avoid longs and favor shorts. Final Thoughts: 🚨 Gold remains bearish unless it breaks above $2,882 - $2,904. 📉 Sellers are in control below the order block, and a rejection from this zone may continue the downward move. 📊 Traders should watch price action at key support levels ($2,864 & $2,851) for possible reactions. 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDShort
by silverwolftraders029
1
irctc near target price 650IRCTC (Indian Railway Catering and Tourism Corporation) is a subsidiary of Indian Railways that plays a pivotal role in providing travel and tourism-related services. It primarily focuses on facilitating online train ticket bookings, catering services, and promoting tourism across India. IRCTC's website and mobile app offer a convenient platform for passengers to book train tickets, check train schedules, and make reservations for both long-distance and short-distance journeys. In addition to ticketing, it also provides services like e-catering, where passengers can order food during their train journeys, and offers packages for tourists, including religious and heritage tours. Over time, IRCTC has transformed the railway travel experience in India by making it more accessible, efficient, and customer-friendly, catering to the growing demands of digital platforms and travel convenience.
NSE:IRCTCLong
by TheGoldenFarmsofEquity