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Supply and Demand

Technical Analysis: Potential Bullish Reversal at Weekly DemandThe chart highlights a critical supply-demand setup for this asset, currently trading at $0.03773, which is situated within a Weekly Demand Zone. The price has retraced from its 2024 highs around $0.18 and is now testing a significant support area, suggesting a potential reversal to the upside. Key Observations: Weekly Demand Zone (Support Area): The gray zone marks a strong accumulation area where buyers historically stepped in, initiating a rally toward $0.18 earlier in 2024. This demand zone aligns with key structural lows, acting as a reliable support level. Break of Structure (BOS): In early 2024, the breakout above $0.06 (marked BOS) indicated a bullish shift in market structure. The current retracement suggests a potential retest of this area before a new bullish impulse. Volume Analysis: The current volume at 38.87M shows increasing activity as the price approaches the demand zone, a sign that buyers could soon reclaim control. High volume near demand zones often confirms accumulation by institutional players. Price Action Signals: Candlestick patterns near the demand zone show long lower wicks, indicating rejection of lower prices. This aligns with historical behavior, where strong buying pressure emerged at similar levels. Bullish Projection: A successful bounce from the $0.03–$0.04 demand zone could trigger a new rally. The price may target intermediate resistance levels at $0.06 and $0.12, with a longer-term potential to retest 2024 highs near $0.18. Bull Case: Strong support at the demand zone suggests limited downside risk. Increasing volume signals accumulation. Break above $0.06 could confirm the reversal and attract more buyers. Bear Case: Failure to hold the demand zone may result in further downside, with potential support near $0.02. Broader macroeconomic or market-specific bearish trends could suppress bullish momentum. Outlook: Short-Term (1–4 weeks): Expect consolidation within the demand zone, with $0.04 as critical support. Medium-Term (1–3 months): A break above $0.06 could signal a sustained bullish trend toward $0.12. Long-Term (3+ months): If bullish momentum persists, the price could revisit $0.18, completing a full cycle from the demand zone.
Long
by JohnnyTranFx
BankNifty Intraday Support & Resistance Levels for 13.01.2025On Friday, BankNifty opened gap-down and witnessed a highly volatile session. It recorded a high of 49,483.15 and a low of 48,631.20, breaking below the critical 61.8% FIBO level at 49,282. Eventually, it closed at 48,734.15, losing a substantial 769 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Support Level: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,173.80 - 49,359.35 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook Friday's close below the 61.8% FIBO level at 49,282 raises concerns for the bulls.
NSE:BANKNIFTY
by PriteshPalan
1
DMART Oversold with Potential for ReboundTopic Statement: Avenue Supermarts (DMART) has corrected severely and is oversold, trading under the 180-day moving average near the accumulation zone, with gaps from the correction likely to be filled. Key Points: 1. Company posted an acceptable profit growth of about 5% QoQ for the 3rd quarter. 2. Price is under the 180-day moving average, indicating oversold conditions. 3. Trading near the accumulation zone. 4. Gaps created during the correction are expected to be filled.
NSE:DMARTLong
by yogeshwar
Nifty Intraday Support & Resistance Levels for 13.01.2025On Friday, Nifty opened flat to positive but experienced a highly volatile session. It initially rose to a high of 23,596 before dipping sharply to the day’s low of 23,344.35. A late-session recovery pushed it back to 23,596.60, but another drop near the day’s low followed, with Nifty closing at 23,431.50, down by 95 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, indicating caution. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 (inside Daily Supply Zone) Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 (inside Weekly Supply Zone) Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook Nifty's price action suggests it may face strong resistance near 23,645 - 23,727 and critical support at 23,263. A decisive move beyond these levels could set the tone for the upcoming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 10th January 2025NSE:NIFTY Index closed near 23525 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 43.13 Lakh 23800 Strike – 34.42 Lakh 23700 Strike – 28.87 Lakh Put Writing 23000 Strike – 31.17 Lakh 23500 Strike – 26.31 Lakh 23600 Strike – 24.72 Lakh Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23900 - 23950 range. Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 10th January 2025NSE:BANKNIFTY Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 16.90 Lakh 50000 Strike – 10.97 Lakh 50500 Strike – 7.06 Lakh Put Writing 49000 Strike – 12.17 Lakh 50000 Strike – 11.40 Lakh 49500 Strike – 7.72 Lakh Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range. Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 44500 - 48400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 10th January 2025NSE:CNXFINANCE Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.70 Lakh 23700 Strike – 0.63 Lakh 23400 Strike – 0.46 Lakh Put Writing 23000 Strike – 1.55 Lakh 23100 Strike – 0.33 Lakh 23200 Strike – 0.32 Lakh Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 23300 - 23350 range. Index has immediate support near 22950 – 22900 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 10th January 2025NSE:NIFTY_MID_SELECT Index closed near 12480 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12600 Strike – 3.19 Lakh 12700 Strike – 2.77 Lakh 12500 Strike – 2.52 Lakh Put Writing 12500 Strike – 4.73 Lakh 12600 Strike – 2.40 Lakh 12700 Strike – 2.26 Lakh Index has immediate resistance near 12600 – 12650 range and if index crosses and sustains above this level then may reach 12750 – 12800 range. Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 13, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
2
Nifty levels - Jan 13, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD EURUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
DALMIASUG Trading Within Demand ZoneDALMIASUG is currently trading at ₹351.05, slightly above the demand zone of ₹348.5 (baseHigh) to ₹338.05 (baseLow), established on 1st April 2024. This zone may serve as a support area, potentially attracting buyers at these levels. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:DALMIASUGLong
by rush12799
JPPOWER Trading Within Demand ZoneJPPOWER is currently trading at ₹16.54, slightly above the demand zone of ₹16.39 (baseHigh) to ₹16.1 (baseLow), established on 28th November 2024. This zone may act as a potential support level, offering a possible entry point for investors to evaluate. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:JPPOWERLong
by rush12799
KALYANKJIL Trading Within Demand ZoneKALYANKJIL is currently trading at ₹649.75, within the demand zone of ₹669 (baseHigh) to ₹632.4 (baseLow), established on 6th November 2024. This zone may serve as a support level, presenting potential opportunities for investors to consider entering positions. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:KALYANKJILLong
by rush12799
CGPOWER Trading Within Demand ZoneCGPOWER is currently trading at ₹666.3, within the demand zone of ₹679 (baseHigh) to ₹663 (baseLow), formed on 11th September 2024. Investors might monitor this range for potential buying opportunities, as the zone could act as support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:CGPOWERLong
by rush12799
SUMICHEM Trading Within Demand ZoneSUMICHEM is currently trading at ₹484.75, within the demand zone of ₹493.9 to ₹477, formed on 2nd July 2024. This range could provide support, and price action in this zone might offer trading or investment opportunities. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:SUMICHEMLong
by rush12799
UNIONBANK Trading Within Demand ZoneUNIONBANK is currently trading at ₹105.16, within the demand zone of ₹105.4 to ₹104.2, formed on 13th November 2023. This zone may act as a support level, and investors could monitor price behavior in this range for potential opportunities. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:UNIONBANKLong
by rush12799