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NIFTY 50 Price analysis## Current NIFTY 50 Price As of the latest data, the NIFTY 50 is trading at **23,332.35**, reflecting a gain of **+166.65 (0.72%)**. **Short-Term Technical Outlook** - **Resistance levels**: Immediate resistance is observed at **23,566**, with potential upside targets at **23,640**, **23,715**, and **23,810** if sustained. A decisive close above **23,800** could propel the index toward **24,500** - **Support zones**: Key support lies in the **23,300–23,200** range, with a breakdown below **23,413** signaling short-term bearish momentum - **Volatility**: Recent sessions saw a sharp decline to **23,486**, breaking an ascending channel pattern on lower timeframes **Long-Term Technical Outlook** - **Bullish scenario**: Sustaining above **23,850** may trigger a rally toward **24,000**, **24,210**, and **24,500**, with a stop-loss at **23,700** - **Bearish risk**: A breakdown below **22,300** could indicate further downside **Technical Indicators** - **RSI (14)**: Neutral at **47.54**, suggesting balanced momentum - **MACD**: Signals a buy with a value of **17.59** - **Moving Averages**: Mixed signals, with short-term SMAs (5, 10, 20) indicating sell pressure, while longer-term SMAs (50, 100, 200) remain bullish - **Stochastic indicators**: Overbought conditions in STOCH (99.214) contrast with oversold STOCHRSI (23.768) **Fundamental and Sentiment Factors** - **FII/DII activity**: Foreign Institutional Investors (FIIs) bought **₹2,240 crore** recently, while Domestic Institutional Investors (DIIs) sold **₹696 crore**. Monthly trends show FII outflows (**₹4,744 crore**) offset by strong DII inflows (**₹27,421 crore**) - **External drivers**: A weakening U.S. dollar (DXY at **104.3**) and declining U.S. Treasury yields support rupee appreciation, potentially aiding market gains **Valuation Metrics** - **P/E ratio**: **21.2** - **Dividend yield**: **1.33%** - **Market cap**: **₹1,86,04,127 crore** **Strategic Recommendation** Investors may consider a **buy-on-dips strategy** for long-term positions, leveraging current valuations. Short-term traders should monitor **23,566** (upside trigger) and **23,413** (downside threshold) for directional cues
NSE:NIFTYLong
by KamalKJoshi
My Favorite Reversal Candle Pattern (Works Like Magic!)Hello Traders! What if I told you that one single candlestick pattern could give you an 80% win rate — when traded with the right context and strategy? That’s right! Today, we’re talking about the powerful Engulfing Candlestick Pattern — backed by data, tested across timeframes, and loved by price action traders. Let’s break it down properly so you can spot it, trade it, and win with it. The Candle Setup: Bullish & Bearish Engulfing Patterns Bullish Engulfing Pattern: This forms at the end of a downtrend or pullback . A strong green candle completely engulfs the previous red candle’s body, signaling a shift from sellers to buyers. This setup is most effective at key support zones, trendline bounces, or bullish reversals with volume confirmation . Bearish Engulfing Pattern: Seen after an uptrend or rally . A solid red candle engulfs the previous green candle’s body, showing a shift from buyers to sellers. Best used near resistance levels, psychological zones, or after a parabolic price move . Check the chart above to understand better! Note: I’ve used real chart examples from the past to demonstrate Bullish & Bearish Engulfing patterns exactly as they appear in price action textbooks — so you can recognize them with clarity and confidence. How to Trade the Engulfing Candle Effectively Entry: Enter above the bullish engulfing candle’s high (long) or below the bearish engulfing candle’s low (short) after the candle closes. Stop Loss: Place SL just below the bullish engulfing candle's low or above the bearish candle’s high. Target: Use a 1:2 or 1:3 risk-reward ratio, or set targets based on nearby support/resistance or Fibonacci levels. When to Use: Only trade engulfing patterns when they form at a confluence zone — such as support/resistance, trendlines, moving averages, or breakout retests . Backtesting Insights When tested across Nifty 50, Bank Nifty, and large-cap stocks on the 15 min, 1H, and Daily charts , the Engulfing pattern — when combined with structure — showed up to 80% success rate with proper risk management and discipline. Rahul’s Tip Don’t blindly trade the pattern—trade the location! Context is everything. Always confirm with structure and volume. Engulfing candles are powerful, but only when they appear where it actually matters. Conclusion The Engulfing Candle is one of the most reliable patterns if traded with patience and planning. Combine it with key zones and risk control , and it can become a high-probability weapon in your trading arsenal. Have you used this pattern before? Share your success (or lessons) in the comments — let’s grow together!
NSE:RELIANCEEducation
by TraderRahulPal
AVANTIFEED 1:8 RR (3 trade set up)Based on the technical analysis of Avanti Feeds Ltd (AVANTIFEED), the price action shows a positive trend in the short to mid-term: The stock has broken out of a long-term triangle formation with an Inverted Head & Shoulder pattern, accompanied by strong volume1. The price is exhibiting a positive breakout from the Keltner Bands, indicating strong bullish momentum2. The ADX (Average Directional Index) suggests a strong uptrend2. The Stochastic RSI shows bullish signals, with the indicator rising from oversold levels2. The stock is trading above its key moving averages, further confirming the bullish trend4. Short to mid-term price action analysis is described as "definitely positive," indicating a strong uptrend78. However, it's important to note that some conflicting signals exist: The MACD shows a bearish crossover, which could indicate potential short-term weakness2. The Stochastic RSI also shows some bearish divergence in the longer term4. Overall, the price action analysis for AVANTIFEED appears bullish, with strong momentum and positive breakouts observed across multiple technical indicators.
NSE:AVANTIFEEDLong
by KamalKJoshi
1
NIITLTD Trade set up, probable reversalNIITLTD's stock is currently experiencing a weakening uptrend. The most recent closing price was 186.01, with a daily high of 203.62 and a low of 184.14. The stock is trading below an important level of 213.91, which could indicate a potential short-term decline if the price remains below this threshold. Technical Indicators Moving Averages: The stock appears to be trading below key moving averages, suggesting bearish sentiment in the short term26. RSI and MACD: While specific values aren't provided, these indicators are likely showing bearish signals given the overall trend analysis. Support and Resistance Levels Key price targets for NIITLTD are: Downside target: 210.57 Upside target: 217.31 Volume and Volatility The average trading volume for NIITLTD is 1.24 million shares. This volume can provide insights into the strength of price movements and potential trend reversals. Long-Term Perspective NIITLTD is currently trading 16.80% below its 52-week high of 203.90, which was set on September 5, 2024. This suggests there may be room for upward movement if market conditions improve. Market Sentiment The overall short-term sentiment for NIITLTD appears negative, indicating a strong downtrend6. However, it's important to note that market conditions can change rapidly, and investors should always conduct thorough research before making investment decisions. Related What are the key support and resistance levels for NIITLTD How reliable are AI predictions for NIITLTD's stock movement What is the significance of the 213.91 level for NIITLTD How does the cup and handle formation affect NIITLTD's future price What are the potential targets for NIITLTD's stock price in the next week
NSE:NIITLTDLong
by KamalKJoshi
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All, This idea is about Butterfly Gandhimathi Appliances Ltd CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis Weak Fundamentals Market Cap - 1500 Cr Stock PE - 184 ROE - 2.8% ROCE - 5% Promoter Holding - 75% D/E - 0.01 Technicals Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3 Happy Trading, Stock-n-Shine
NSE:BUTTERFLYLong
by Stock-n-Shine
7