XAUUSD Short Side Setup XAUUSD is most likely to get resistance from unfilled Fair Value Gap as there must be lots of unfilled orders from institutions.
Supply and Demand
LICHSG Long-Short OpportunityLICHSG has created a fresh supply on the price chart. If price retraces to the SZ we may expect to see a move down on the stock. If the price continues to move down towards the area of weekly demand we may expect to see a strong bounce out of the weekly Demand Zone
BankNifty Intraday Support & Resistance Levels for 24.12.2024On Monday, BankNifty opened with a gap-up, touching a low of 51,030.40 before climbing to a high of 51,417.35. It closed positively at 51,317.60, gaining 558 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative.
Demand/Support Zones
Near Demand/Support Zone (15m): 50,688 - 50,909
Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested)
Far Support Level: 49,282.64 (61.8% FIBO retracement)
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30
Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10
Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
Outlook
As expected, BankNifty showed bullish momentum after entering the Daily Demand Zone on Friday and its oversold condition. If the Daily Demand Zone support holds, we may witness further upside movement toward 52,000 or even 52,700 in the coming days.
BankNifty levels - Dec 24, 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.
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Nifty levels - Dec 24, 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!
Finnifty Intraday Analysis for 23rd December 2024NSE:CNXFINANCE
Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 2.25 Lakh
24500 Strike – 1.90 Lakh
24600 Strike – 1.87 Lakh
Put Writing
23000 Strike – 2.20 Lakh
24000 Strike – 1.31 Lakh
23500 Strike – 1.23 Lakh
Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23150 – 23100 range.
Nifty Support&Resistance Levels for 21 st Dec MondayNifty Support and Resistance levels to look for Monday intraday are
Key levels:-
Resistance
23670
23800 to 23850
Support
23500
23350 to 23300
Check price action on those levels above mentioned for rejection or breakouts to take entries accordingly other areas ignore risk reward not favorable.
Educational purpose only do your own research before taking entries.
BTCUSDT buy at bullish order blockBTCUSDT pair can be bought at the mentioned order block with SL below the OB and TGT for the higher liquidity.
Consolidation Breakout with a Pullback . Watch for Reversal!📊 Stock: KFin Technologies Ltd.
📅 Timeframe: Daily Chart
🚀 Consolidation Breakout with a Pullback
The stock recently broke out of a consolidation box and is now experiencing a pullback. A potential bullish reversal could be on the cards!
🔑 Key Levels to Watch:
1️⃣ Resistance Zone: ₹1,450-1,500 (Key hurdle to clear)
2️⃣ Support Zone: ₹1,300-1,350, 1200 (Demand zone from the breakout box)
3️⃣ Potential Targets:
🎯 Short-Term: ₹1,600
🎯 Medium-Term: ₹1,750+
🌟 Why This Pullback is Interesting:
✅ Volume Insights: The breakout was accompanied by strong volume, reflecting buyer interest.
✅ Trend Continuation: The stock is above the 50-day (green) and 200-day (yellow) moving averages, affirming a strong uptrend.
✅ Healthy Pullback: Retesting the breakout zone signals a potential base for long-term growth.
🛡️ Risk-Reward:
A reversal near ₹1,350-1200 offers a low-risk entry with significant upside potential. Watch for volume spikes as confirmation.
📝 Trading Plan:
🔹 Wait for Reversal: ₹1,350-1300-1200. Wait for a confirmation before entering. Or add in parts in these levels.
🔹 Stop-Loss (SL): ₹1,150 (strict)
🔹 Targets:
Short-Term: ₹1,600
Medium-Term: ₹1,750+
Exercise extreme caution trading these markets. There is a high chance of long setups failing. New traders trade light or stay on the sidelines and watch. Please protect your capital at any cost.
📌 Tip:
Pullbacks to breakout zones often offer excellent risk-reward setups. Look for bullish reversal candles to confirm the bounce.
Plan XAUUSD at 23.12.2024The XAU is likely in a wave 5, and the target could be around 2635 before it drops back.
However, the market is also approaching the Christmas and New Year's holiday season, so liquidity will decrease significantly. We will trade according to the plan as shown in the image.
Good luck!
HINDALCO 10R probable trade set upThe short-term price action for Hindalco appears to be positive, with some bullish indicators:
The stock is trading above its 20-day Simple Moving Average (SMA) of 657.
The price is in the upper range of the Bollinger Bands, suggesting strong momentum.
The MACD has generated a buy signal, although it is initial and weak.
The CCI (Commodity Channel Index) has generated a strong buy signal.
However, there are also some cautionary signs:
The RSI is generating a sell signal in the short term.
Volume-based indicators are showing selling momentum.
Medium-term Outlook
The medium-term analysis reveals a more complex picture:
The stock is trading slightly above the 200-day Moving Average, around 6521.
The zone between 652-620 is considered a crucial demand area.
The RSI on the daily timeframe shows early signs of reversal, suggesting potential bullish momentum.
Key Levels to Watch
Resistance: A critical resistance level is identified near 715. Breaking above this level could negate the existing negative trend and confirm a reversal.
Support: The 652-620 range is an important support zone. Maintaining a position above this range is crucial to prevent further selling pressure1.
Options Data
The Put-Call Ratio (PCR) for various strike prices indicates:
For the 630 strike, the PCR is 3.58, suggesting more put options are being traded relative to call options.
Higher strike prices (710, 720, 750) show lower PCR values, indicating less bearish sentiment for those levels.
BACK in the zone! Ready to REVERSE!! As we can see BANKNIFTY has reached our important demand zone and trendline support which has been respected for quite some while in bigger time frame. Also everyone seems to be bearish but we must expect the unexpected. Even if BANKNIFTY opens weak, we may expect sharp RECOVERY anytime trapping all unless it breaks below the trendline which will eventually change the trend so plan your trades accordingly.
HUL Bullish Monthly Demand Bounce OffLooks good to enter at the Monthly Demand 2300 with a target of 2700 within 3-4 months can go for it good entry and setup
Britannia Bullish from Monthly DemandTime to Buy Britannia for a bounce back from the monthly demand zone.
Good FMCG Stock with Great Fundamentals. Dont hesitate Buy at the monthly demand 4700 and have patience for t1 and t2 these should be done by April-May 2025
BHARATFORGE | HARMONIC | BAT FORMATIONCan plan for positional long in Bharat Forge
Keep SL as per you appetite
BankNifty Intraday Support & Resistance Levels for 23.12.2024On Friday, BankNifty opened with a gap-down, climbing to a high of 51,629 before plummeting nearly 1,000 points to a day low of 50,609.35, entering the Daily Demand Zone. It closed negative for the 4th straight session at 50,759.20, losing 816 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned negative.
Demand/Support Zones
Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (current price inside the zone)
Far Support Level: 49,282.64 (61.8% FIBO retracement)
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30
Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10
Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
Outlook
After shedding almost 3,000 points in the past week, BankNifty has entered an oversold zone on the 75m timeframe and closed inside the Daily Demand Zone. A bounce-back is possible unless this critical zone is breached.
63Moons-Ready for a flight to the moon(ATH)?63Moons had a strong resistance near 400 levels which has been broken in monthly TF and has been retested as well.
Stock is looking good for a rocket on the upside and takeoff has just been done.
Keep in watchlist. Highly risky stock. Support is very deep.
Levels marked on the chart. Looks good to be a zero hero investment for multibagger returns for high risk takers.Not a recommendation
RBLBANK!Simple explanation:
Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down.
Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as guideposts on a trail.
Price Targets: These are the expected price levels the stock might reach. For example, if the stock moves up, it could hit the price target marked by an arrow.
Volume: This shows how many stocks were traded. A high volume means lots of people were buying or selling that day.
Current Price: The current price of the stock is ₹152.79, which is down by 7.02%.
So, traders use this chart to understand past price movements and predict future changes, helping them make decisions on buying or selling the stock. 📈📉
Hope this helps! If you have questions, just let me know.
IRCTC-A monopoly stock available at discount!Technically, IRCTC has been in an uptrend since its listing in 2019.
Stock has taken support multiple times at trendline visible on chart.
If stock breaks this trendline due to bearish broader market, we can see a swift move towards 660 levels which is yet another demand zone.
Levels given on chart.
As most of us know, it is a monopoly PSU stock and has big potential in long term given the expansion of rail networks in India. It is not a recommendation but my personal opinion. I am a NISM Certified research analyst and not SEBI registered.
Silver1!Understand the chart:
Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down.
Lines with percentages: These are like checkpoints to see how much the price has moved up or down.
Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down.
Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell.
Hope this helps! 🌞📉📈
Nifty Intraday Support & Resistance Levels for 23.12.2024On Friday, Nifty opened flat to positive and climbed to a high of 24,065.80, briefly crossing the previous day’s high. However, heavy selling pressure pushed it to a day low of 23,537.35, entering the 75m Demand Zone mentioned earlier. It closed negative for the 5th consecutive session at 23,587.50, losing 364 points. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has turned negative.
Demand/Support Zones
Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested)
Far 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): 23,892.70 - 23,993.90
Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45
Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
Outlook
Nifty has lost over 1,200 points during its five-day losing streak, entering an oversold zone on the 75m timeframe. With prices touching the 75m Demand Zone (23,447.15 - 23,578.60), there’s potential for a bounce back, provided the support holds.
[Intraday | Swing] NESTLEINDNESTLEIND seems to be consolidating allow EQL
A cautious long can take around 2150.
Keep strict SL.
BERGER PAINT - LONG TRADE IN FUTURESSymbol - BERGEPAINT
BERGEPAINT is currently trading at 445
I'm seeing a trading opportunity on buy side.
Buying BERGEPAINT Futures at 445
I will add more long position at 438, if comes.
Holding with SL of 432
Targets I'm expecting are 462 - 475 & 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!
