NIFTY - expecting upside with support at 24440 to 24340In hourly TF, the oscillator is in buy mode, but expecting a dip towards the support/buy zone (24440 - 24340). Once we start trading above 24600 then expecting the upside level of 25130 and 25275 in the coming days. But todays low is very important for this to play out.
Pivot Points
Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them.
For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment.
Key Scenarios for Tomorrow:
Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets.
Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus.
Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
WLDUSDT on the Verge of a Breakout or Breakdown?Yello Paradisers! WLDUSDT is shaping up nicely, showing a bullish I-CHoCH (Internal Change of Character) after taking inducement and bouncing off a supportive trendline and key support zone. These factors significantly increase the probability of an upcoming bullish move.
💎However, it’s critical to keep an eye on potential retracements. If WLDUSDT retraces from its current level, we can anticipate a bounce from the support zone. To confirm this bullish outlook, we need to see a bullish I-CHoCH forming on lower timeframes—this will boost confidence in the move.
💎That said, discipline is key. If the price breaks down and closes candle below the support zone, this will invalidate the bullish idea entirely. In such a case, it’s better to step aside and wait for stronger price action to develop before taking further action.
🎖The key to consistent profitability is patience and waiting for high-probability setups. Stay disciplined and let the market come to you, Paradisers. Avoid chasing trades, and always stick to a robust strategy. That’s the only way to thrive in the long term!
MyCryptoParadise
iFeel the success🌴
MASTEK BO [Weekly]MASTEK is giving a 40W BO with good accumulation seen on the charts on daily timeframe. In this current market this stock is showing accumulation. Might be a sign of a leader when market resumes the run.
RS Score has improved from 38 on 25th Oct to 70 this week. So in a pressured market, when a stock RS score improves, its good to track it. On top of that we can spot accumulation in that as well.
Fundamentally the numbers seem on an upward slope, so the accumulation makes sense when paired with fundamentals. FIIs stake has reduced though, that's a worrying thing for me tbh.
On the longer duration front, a huge base weekly BO is upcoming on the chart, so once that overhead supply gets cancelled out, this can rally hard. Waiting to see if distribution occurs at that level or not, if it does, will probably remove it from watchlist.
Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme.
Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
ONEUSDT: Critical Levels That Could Define the Next Move!Yello Paradisers! ONEUSDT is showing clear signs of a bullish market structure, with the formation of a classic W pattern, a reliable indicator that often signals strong upward momentum. This pattern significantly raises the likelihood of a bullish continuation. However, key price action levels will determine the next major move.
💎If ONEUSDT successfully breaks out and closes candle above the resistance zone, it will confirm the bullish bias. This breakout would not only increase the chances of further upward movement but also offer ideal entry points with tight stop-loss levels for risk management.
💎In case of a pullback, we’ll look for a bounce from the nearest support zone, which previously acted as resistance before flipping to support post-breakout. This level will serve as a crucial validation for the bullish structure to remain intact.
💎On the other hand, if ONEUSDT breaks down and closes candle below the support zone, the bullish outlook will be completely invalidated. A breakdown here could pave the way for deeper corrections, and traders should exercise caution.
🎖 Stay patient, disciplined, and prepared for all scenarios, Paradisers. Trading isn’t about predicting every move—it’s about strategic planning and waiting for the highest-probability setups. The next decisive move in ONEUSDT will be a test of your resolve and preparation. Always remember, in the market, consistency beats quick profits!
MyCryptoParadise
iFeel the success🌴
GALA: Is a Bullish Breakout Brewing or a Fakeout in Disguise?Yello, Paradisers! Have you noticed GALAUSDT’s latest setup? It’s catching everyone’s attention for all the right reasons! But is this the breakout we’ve been waiting for, or are we setting up for a trap? Let’s break it down step by step.
💎GALAUSDT has already broken above its resistance zone, which can now acts as support. However, Watch for bullish I-CHoCH (Internal Change of Character) on lower timeframes to confirm continuation. This will also allow us to tighten the stop-loss, improving risk management.
💎If the price fails to confirm at the current zone and drops below the broken resistance zone, it could still find support at the bullish Order Block (OB) below. Again, wait for an I-CHoCH here to stack the odds in our favor.
💎However, If GALAUSDT breaks below the bullish OB and closes a candle, the bullish thesis is invalidated. In this case, patience will be key. It’s better to step aside and wait for new price action to develop rather than forcing trades in uncertain conditions.
🎖Stay focused, trade smart, and always prioritize risk management. Whether this move brings profits or lessons, long-term consistency is what separates the winners from the rest. Let's make it happen!
MyCryptoParadise
iFeel the success🌴
jio Fin Services Chart Analysis and Buying Opportunity
jio Fin Services Chart Analysis and Buying Opportunity
jio Fin Services is currently trading near a strong support level at ₹305.
If the stock sustains above this zone, it could present a great buying opportunity!
Support Zone 1 - 305 - SL- 300
Support Zone 2 - 285 - SL - 280
Stop Loss Set at ₹300 if the stock closes below this level.
For long-term investors, this stock is a must-have in your portfolio!
It shows solid fundamentals and potential for growth.
HDFC Bank Hits a New All-Time High
HDFC Bank continues its stellar performance, achieving a new all-time high! 🌟 But the key now is sustainability above crucial support levels.
🔑 What to Watch:
✔️ Monitor price action around the breakout level.
✔️ Strong volume = solid buying interest.
✔️ Support zones will confirm stability for further uptrend.
Patience is key—wait for a clear confirmation before taking action. The long-term growth story of HDFC Bank remains intact! 💼💰
#HDFCBank #StockMarket #NewHighs
DCM Shriram End of Bottom formationDCM Shriram posted fantastic Q2FY25 YoY with 95% profit. Debtor days reduced. Reduction in equity dilution. Q1 & Q2 posted improved YoY numbers with respect to sales & profit. Operating profit improved. Expecting margins and ROCE to improve. Price is just crossed above 50 Day moving average. Technical looks good. Could expect breakout soon.
Disclaimer: Not holding. Educational purpose
CAPACITE Long Base BO [Monthly]CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts.
Wanted to show the long monthly base so zoomed out for a monthly chart here.
Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know :
Market Cap / Revenue is ~1.5 so it doesn't look overly valued
YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that
QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required
FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying.
All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
COAL INDIA - SWING TRADE ON LONG SIDESymbol - COALINDIA
COALINDIA is currently trading at 421
I'm seeing a trading opportunity on buy side.
Buying COALINDIA Futures at 421
I will add more long position at 412, if comes.
Holding with SL of 405
Targets I'm expecting are 440 - 452 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
DCMSHRIRAM Long Base BO [Weekly]DCMSHRIRAM is showing signs of accumulations over the past 50 days and this week tried a long base BO on weekly timeframe. Considering the market conditions right now, a stock giving signs of accumulations is certainly to be taken note off.
Tracking this to see some tightness around this BO level and might get into it if a good pattern forms.
RS Score has also increased week over week , from 35 to 70 in the last 3 weeks, which is good improvement.
XAUUSD strong bullish momentum buildupAs the order flow analysis studies shows that the delta positive clearly states that a good volume of buyers exist in the market for the moment.
ON monday, we need to study very well of the markets hold the upside, or we shall be in immediate profit booking by approx 15$ downside.
overall its a wait and watch market condition until USA opens up.
CCL near Large Base BO [WEEKLY]CCL has been showing signs of accumulation and its RS score has also improved from 44 in the week of 31st Oct to 69 in last week. So certainly, its gaining strength and in the market we have, its good to keep watchlist updated with such stocks near BO.
Even a slight overall better day for Market will be a fuel for movement for such stocks.
Will be tracking this to see if it breaks the pivot points with higher than average volumes indicating accumulation.