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Banknifty Intraday 03-02-2025 analysis The image is a TradingView chart of the Bank Nifty Index (15-minute timeframe), showing price action along with potential future scenarios. Key Observations: Current Price: ₹49,210.55 Support & Resistance Zones: A key resistance level near ₹49,500 - ₹49,700 Support around ₹49,000 - ₹48,800 Potential Market Scenarios: Gap Up Scenario: If the market opens above ₹49,300 and sustains, an uptrend towards ₹49,700-₹50,000 is possible. Flat Opening Scenario: If the price remains around ₹49,200-₹49,300, it could consolidate before breaking out. Gap Down Scenario: If the market opens below ₹49,200 and breaks ₹49,100, a move towards ₹48,900 and below is possible. Trading Strategy: Bullish Bias Above ₹49,300: Look for long opportunities if price sustains above this level. Bearish Bias Below ₹49,100: A breakdown could signal further downside. Range-bound Possibility: Sideways movement expected if price remains in the ₹49,100 - ₹49,300 range.
NSE:BANKNIFTY
by arupmahapatra
1
Stock with YoY & QoQ OPM Margin Expansion: Indus Towers LimitedIntroduction: Indus Towers Limited is engaged in the business of object of, inter-alia, setting up, operating and maintaining wireless communication towers. Fundamentals: Market Cap: ₹ 95,536 Cr.; Stock P/E: 9.56 (Ind. P/E: 29.31) 👍; ROCE: 22.1% 👍 ; ROE: 24.2% 👍; 3 Years Sales Growth: 27% 👍; 3 Years Profit Growth: 17% 👍; 3 Years Stock Price CAGR: 11% Cons: Promoter holding has decreased over the last 3 years: -3.08% Technicals: Indus Towers has fallen sharply from the strong resistance level of Rs. 460 in Sep 2024. It has been trading in a box pattern between 330 and 389 levels. Currently, it is trading near strong support zone of 300 EMA (344 level) Resistance levels: 368, 389, 433, 460 Support levels: 330, 311, 293
NSE:INDUSTOWERLong
by shanmurali
CG Power : Showing signs of reversal#CGpower is showing signs of reversal - will it sustain ? - The volatility in the stock has shot up significantly in past 2 days ! - Technically, the CG Power solutions has given early signs of reversal in weekly charts, with 530-540 acting as support zone, while 640, followed by 680 - 700 will act as strong resistance for Feb series - On the fundamental side, CG Power share price is trading at P/E ratio of ~ 99 (high), and may limit big upside for time being. - Any -ve news can hammer the stock back to 420- 450 zone (series of supports are placed !) #learn_at_stoxsense #Learntradingwithsudhir #StockMarketIndia #Optiontrading #learntrading
NSE:CGPOWER
by stoxsense
XAU#11: Gold continues to hit new highs but ...... 💎 💎 💎 Did you make a profit in the previous article #10? Please like and follow the channel to follow the earliest trading plan. 💎 💎 💎 🔥So FOREXCOM:XAUUSD OANDA:XAUUSD TVC:GOLD has corrected and broken the peak as predicted in analysis #10. Now let's plan the next step:🔥 1️⃣ **Fundamental analysis:** 📊US employment, new orders, and inventory indicators achieved good data. 🔴 Mexican President Sheinbaum previously announced that he had a good meeting with Trump and reached some agreements, the imposition of US tariffs will be postponed for a month. 🔴Trump said the call with Canadian Prime Minister Trudeau went well. 🚀 . The US government deficit is supporting both gold and stocks, but stock returns may have peaked. 📌 Gold continues to be a safe haven asset, attracting more safe haven capital flows 2️⃣ **Technical analysis:** 🔹 **Frame D**: Yesterday's candle showed a very good price reaction at the old peak. If we follow price action, we may see gold continue to set new peaks 🔹 **Frame H4**: The bullish price structure is still maintained. However, we still need to pay attention to guard against price traps. I will analyze the reasons in detail in the trading plan 🔹 **Frame H1**: The bullish trend is clearly shown. There are currently no signs of a structure break 3️⃣ **Trading plan:** ⛔ Looking at the current price structure, we can see that the bulls are completely dominating. However, yesterday's increase has not yet seen distribution to be able to continue to establish a new peak. ✅ In my personal opinion, today we will wait for the price reaction in the 279x area and should not FOMO BUY this peak. The price line has increased continuously although market sentiment has improved thanks to information that Trump's meetings all had good results. We have not seen any correction to gain sustainable momentum. It is likely that it will appear today. This will be an opportunity for us to have a better position than the current price 💪🚀 **Wish you successful trading! ** 📌 For any questions, please contact directly. I'm ready to answer you for free #trading #trade #xauusd #newtrader #newbie #xau #forex #tradingview #plants #trader #tradingforex
OANDA:XAUUSD
by TonyL0ng
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD As of February 4, 2025, the EUR/USD pair is experiencing significant volatility, primarily due to recent geopolitical developments, including the U.S. administration's imposition of tariffs on imports from Mexico, Canada, and China. These actions have led to heightened market turbulence and a notable decline in the euro. **Technical Overview:** - **Current Price:** 1.0277 - **Resistance Levels:** 1.0300, 1.0350 - **Support Levels:** 1.0200, 1.0150 **Technical Indicators:** - **Trend:** The pair is currently in a bearish trend, having broken below key support levels. - **Relative Strength Index (RSI):** The RSI is approaching oversold territory, indicating potential for a corrective rebound. - **Moving Averages:** The price is trading below both the 50-day and 200-day moving averages, reinforcing the bearish outlook. **Trade Recommendation:** Given the prevailing bearish momentum, initiating a **buy** position carries significant risk. However, if you anticipate a corrective rebound, consider the following cautious approach: - **Entry Point:** Wait for a confirmed break above the immediate resistance at 1.0300 before entering a buy position. - **Take Profit (TP):** 1.0400 - **Stop Loss (SL):** 1.0200 **Risk Management:** This trade setup offers a 1:1 reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy. Given the current volatility, it's crucial to employ strict risk management practices. **Conclusion:** The EUR/USD pair is currently under significant bearish pressure due to geopolitical factors and technical breakdowns. While a corrective rebound is possible, any buy positions should be approached with caution, and traders should be prepared for potential further declines. *Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
Long
by RBSBALA