GMMPFAUDLR Trading Above Tested Weekly Demand ZoneGMMPFAUDLR is currently trading at ₹1201, above its demand zone between ₹1175 and ₹1111, identified on 17th November 2023. This tested zone suggests potential buying interest if the stock price revisits this range. Investors may watch for a pullback to these levels, which could offer a buying opportunity near this support area.
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.
Supply and Demand
FinNifty levels - Nov 26, 2024FinNifty 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.
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Nifty Intraday Analysis for 25th November 2024NSE:NIFTY
Index closed near 23905 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 64.67 Lakh
24000 Strike – 54.92 Lakh
23900 Strike – 43.59 Lakh
Put Writing
23500 Strike – 80.25 Lakh
23600 Strike – 41.51 Lakh
23700 Strike – 35.90 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 24200 – 24250 range and if index crosses and sustains above this level then may reach near 24400 - 24500 range.
Downside moments are less likely. However, Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 23400 – 23350 range.
Banknifty Intraday Analysis for 25th November 2024NSE:BANKNIFTY
Index closed near 51135 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
52000 Strike – 24.35 Lakh
51500 Strike – 19.30 Lakh
51000 Strike – 17.06 Lakh
Put Writing
51000 Strike – 22.97 Lakh
50000 Strike – 19.89 Lakh
50500 Strike – 15.55 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52300 – 52400 range.
Downside moments are less likely. However, Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50100 - 50000 range.
Finnifty Intraday Analysis for 25th November 2024NSE:CNXFINANCE
Index closed near 23625 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
24200 Strike – 6.98 Lakh
24000 Strike – 5.03 Lakh
23800 Strike – 4.04 Lakh
Put Writing
23000 Strike – 5.45 Lakh
23300 Strike – 4.95 Lakh
23100 Strike – 4.14 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has resistance near 23900 - 24000 range and if index crosses and sustains above this level then may reach near 242500 - 24350 range.
Downside moments are less likely. However, Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
Midnifty Intraday Analysis for 25th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12305 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
12500 Strike – 15.02 Lakh
12300 Strike – 9.70 Lakh
12400 Strike – 6.56 Lakh
Put Writing
12100 Strike – 13.26 Lakh
12200 Strike – 11.06 Lakh
12300 Strike – 9.83 Lakh
Gap up opening is expected in the event of a better than expected win by BJP in Maharashtra election. Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range.
Downside moments are less likely. However, Index has immediate support near 12200 – 11150 range and if this support is broken then index may tank near 12050 – 12000 range.
asianpaintclearly someone is selling this stock in big quantity and making big exit.
stock is having distribution on daily chart and I don't rule out 2100
But pls be caution that wyckoff patterns takes lots of time and they are tough to trade considering the spikes in opposite direction of the trend.
BankNifty levels - Nov 26, 2024Utilizing 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!
Nifty levels - Nov 26, 2024Nifty 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!
strong REVERSAL but can it SUSTAIN..?As we can see BANKNIFTY showed strong reversal wiping last 3 day losses in a single day but the main question is that will it sustain it higher levels..? Following the ongoing events, the lopsided win of ruling government in Maharashtra can add fuel to fire and hence can result in strong opening but the closing is to be noted hence tomorrows closing is going to be really important to confirm bigger targets so plan your trades accordingly and keep watching.
BankNifty Intraday Support & Resistance Levels for 25.11.2024On Friday, BankNifty opened with a gap-up, hitting a low of 50508.25 during the first 15 minutes and rallying to a high of 51271.50, breaking both the 30m and 75m Supply Zones mentioned earlier. It closed at 51135.40, gaining an impressive 762 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative.
In the last two sessions, after hitting a low of 49787.10, BankNifty has rallied over 1450 points. However, the Daily Trend (50 SMA) remains negative, and caution is advised at higher levels unless the trend turns positive and sustains.
Demand/Support Zones
Near Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support (61.8% FIBO): 49282.65
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95
Near Supply/Resistance Zone (75m): 51586.35 - 52169.05
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Nifty Intraday Support & Resistance Levels for 25.11.2024On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.
As highlighted in earlier posts, "If it holds the support (23350), we might see some bullish momentum till 23900 - 24250." Nifty delivered on this expectation, hitting the target of 23900. However, with the Daily Trend (50 SMA) still negative, caution is advised at levels above 24000 unless the trend turns positive and sustains.
Demand/Support Zones
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support (61.8% FIBO): 23189.88
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 24004.60 - 24336.80
Near Supply/Resistance Zone (75m): 24106.90 - 24242.00
Far Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 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
Potential swing option for short/mid term holdHINDCOPPER after making ATH of 415.80 have corrected approx 37% from top. Last trading week, stock have created a base at 260 levels showing sideways movement despite there has been huge volatility in Metal sector. Due to continous FII selling and negative market sentiments expecting 260 level to break and creating more panic for retailers.
However, as per my views, there should be a bounce back from 243/226 zone for further waves. Now, this bounce shall occur either quickly just hitting levels of the marked box or post few days consolidation within the box attracting institutes to accumulate/add at that point.
Personally, I'm looking for an opportunity here for fresh entries at levels within the box for a short/mid term Swing for 20-30% returns with last target of 302/305.
This analysis is just based on my personal views as per demand and supply zones for the stock, therefore, this does not guarantee any future results or returns. Not a buy/sell recommendation.
Dabur at Value BuyWeekly Time Frame Dabur Sector FMCG.
Price action at strong weekly demand/ support zone.
Price yet to make a Lower low as per market structure.
RSI is at a Lower Low as per the structure theory.
A Hidden Bullish divergence (Positive Reversal) identified on weekly time frame. Highlighted with blue lines on Price chart and RSI chart.
Wait for Price swing and structure break above 542. which is previous swing high.
This is a long term perspective value pick to portfolio addition. Not a short term swing trade.
Dabur is a key rural FMCG player, India growth is due in rural market. Long term pick
The post is as part of my stock watchlist and sharing here for educational purpose. Pls do your due diligence before investing.
TCS FOR SWING TRADETCS Swing Trade Idea
Timeframe: Weekly
Observation:
TCS has entered a strong demand zone on the weekly chart, indicating a potential reversal or continuation of an upward trend. The price action suggests that buyers are actively defending this zone, providing a solid risk-to-reward opportunity.
Analysis:
Demand Zone: Clearly visible on the weekly timeframe, supported by historical price reactions.
Volume Profile: Higher buying volumes observed near the demand zone, adding conviction.
Risk-Reward Setup: Place a stop-loss slightly below the demand zone with targets at key resistance levels (based on Fibonacci or previous highs).
Disclaimer: This is for educational purposes and not financial advice. Please do your due diligence before trading.
Angel One-An investment stock available at discounted price!Angel One is one of the oldest stock broking companies and 3rd largest by volume of active subscribers.
Stock has corrected almost 50% from its high and is now available at an amazing valuation.
Stock has potential to test ATH in coming months and also cross it.
Keep in radar. Not a recommendation.
BANKNIFTY View Bounce and Break !Hello mates sharing a view on Banknifty on Weekly time frame, So as we can see that after a good correction form all time highs now price reached to weekly support level.
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
I will try my best to update this publication for a bounce or a break too stay tuned.
Hope you like my idea, Thanks in advance.
Banknifty Intraday Analysis for 22nd November 2024NSE:BANKNIFTY
Index closed near 50375 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 23.80 Lakh
51500 Strike – 19.27 Lakh
50500 Strike – 13.29 Lakh
Put Writing
49500 Strike – 24.46 Lakh
50000 Strike – 18.32 Lakh
49000 Strike – 14.05 Lakh
Index has immediate support near 50000 - 49800 range and if this support is broken then index may tank near 49500 - 49400 range.
Index has resistance near 50900 – 51000 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
Nifty Intraday Analysis for 22nd November 2024NSE:NIFTY
Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 63.33 Lakh
23500 Strike – 44.48 Lakh
23800 Strike – 35.67 Lakh
Put Writing
23000 Strike – 59.37 Lakh
23500 Strike – 42.24 Lakh
23300 Strike – 37.69 Lakh
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23000 – 22800 range.
Index has resistance near 23550 – 23650 range and if index crosses and sustains above this level then may reach near 23800 - 23900 range.