SRF Update – Trading Near a 3-Year Range Watch for breakout📌 Cheat Entry: ₹2704
📌 Entry: ₹2864 (ATH Level)
📌 Stop Loss: ₹2259.8 (Closing Basis, -16.6%)
📌 Target 1: ₹3386 (+25%, R:R 1:1.5 from Cheat Entry)
📌 Positional Target: ₹3910 (+44.6%, R:R 1:2.7 from Cheat Entry)
💡 How to Trade:
1️⃣ Test Quantities: Add small quantities above the Cheat Entry (₹2704).
2️⃣ Full Entry: Add the rest above the ATH breakout level (₹2864).
3️⃣ Look for a clean breakout with a wide-range candle supported by strong volumes.
⚠️ Position Sizing Tip:
The market remains weak. Trade only 10% of your usual position size.
Example: If you usually buy 100 stocks, buy 3 above Cheat Entry and the rest above ₹2864 (ATH breakout).
✅ Why Trade This Setup:
🏷️ Stock has been in a range since Oct 2021 and is now trading below its ATH.
📈 Once the ATH is broken, no resistance remains, setting the stage for a potential Stage 2 breakout.
🚀 Stock gapped up on Jan 9, 2025, with volumes 7x-8x higher than previous sessions—a potential breakaway gap.
🔑 Trading above key DMAs, showing resilience in a falling market.
⚠️ Risks to Watch:
Nifty 50 & Overall Market: The structure remains Lower-High, Lower-Low (LL-LH). Any bounce could be just a natural pullback within this structure.
If Nifty or the broader market falls further, the probability of failure increases significantly.
Until Nifty & broader market close above 200 DMA & 50 DMA, and change the structure to HH-HL, the risks are amplified.
Probability: 2 out of 3 trades may fail in such conditions.
💡 Pro Tip: Trade small quantities unless you’re skilled at managing risk. Missing a rally is better than burning your capital.
📜 Disclaimer:
This analysis is shared for educational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult with a certified financial advisor and consider your risk tolerance before making any trading or investment decisions.
🔍 Final Thoughts:
📊 This trade aligns with the potential for a major breakout, but it’s crucial to manage risk and position sizing carefully. Make decisions based on your risk appetite and always do your due diligence.
Supply and Demand
MSFT Support on Weekly MA20, $515 Price TargetMSFT hasn't missed an earnings since before 2024.
Weekly chart looks strong. On the 1 hour you can see they went low for a last liquidity grab.
ER tonight if positive reaction can make the stock go to 480-500
This feels all around bullish to me and they are also to announce partnership progress in AI projects.
NFA - I went with August contracts.
Good luck
Nifty Intraday Analysis for 29th January 2025NSE:NIFTY
Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh
23300 Strike – 67.06 Lakh
Put Writing
23000 Strike – 103.33 Lakh
22900 Strike – 60.65 Lakh
22800 Strike – 55.79 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
Banknifty Intraday Analysis for 29th January 2025NSE:BANKNIFTY
Index closed near 48865 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 22.96 Lakh
49000 Strike – 15.60 Lakh 49500 Strike – 13.02 Lakh
Put Writing
48000 Strike – 17.71 Lakh
47800 Strike – 14.53 Lakh
48500 Strike – 13.31 Lakh
Index has resistance near 49400 – 49500 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range.
Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47800 - 47700 range.
Finnifty Intraday Analysis for 29th January 2025NSE:CNXFINANCE
Index closed near 22805 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 2.14 Lakh
22900 Strike – 1.48 Lakh
22800 Strike – 1.37 Lakh
Put Writing
22300 Strike – 2.40 Lakh
22500 Strike – 1.89 Lakh
22700 Strike – 1.79 Lakh
Index has resistance near 22950 - 23000 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range.
Index has immediate support near 22650 – 22600 range and if this support is broken then index may tank near 22450 – 22400 range.
Midnifty Intraday Analysis for 29th January 2025NSE:NIFTY_MID_SELECT
Index closed near 11645 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 13.53 Lakh
11900 Strike – 7.54 Lakh
11800 Strike – 6.46 Lakh
Put Writing
11600 Strike – 9.49 Lakh
11500 Strike – 7.35 Lakh
11400 Strike – 6.33 Lakh
Index has immediate resistance near 11800 – 11850 range and if index crosses and sustains above this level then may reach 11900 – 11950 range.
Index has immediate support near 11550 – 11500 range and if this support is broken then index may tank near 11350– 11300 range.
GODFREY PHILLIPS THE BEST SECTOR OF ALL TIME Please consult your financial advisor before investing.This is only for learning purpose of chart.
We are NISM certified EQ and MCX trader but not SEBI register investment advisor.
THE 'OG STOCK " stock has given multibagger overthe past few years despite tax rise and uncertain govt policy on tobacco we firmly believe that stock will give infinite return from this level. Because you cannot not stop addict from smoking. Rather make money and be happy...
BankNifty levels - Jan 30, 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!
Nifty levels - Jan 30, 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!
SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details:
Buy Above 1445
Tp1 - 1565
Tp2 - 1670
Tp3 - 1800
Tp4 - 1920
SL - Below 1400 (Only to get started)
Rationale :
Multi Timeframe Analysis Shows:
1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle
2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support
3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles.
Consolidation Zone - Trending move expected outside this Zone
BANDHAN BANK - DOUBLE BOTTOM IN FORMATIONSymbol - BANDHAN BANK
CMP - 151.12
Incorporated in 2014, Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a PAN-India presence and offers a wide range of banking products & services and asset & liability products and services designed for micro banking and general banking.
A double bottom pattern is currently in formation, and the price is undergoing a consolidation phase. At this juncture, the key level of focus is 154, which represents the breakout zone for this consolidation (Buy Trigger). If the price successfully sustains above this level, a potential upward move towards 168 can be anticipated. Therefore, I intend to initiate long position in Futures at the buy trigger level. Additionally, I plan to add more position around 150 level and will hold long position with a stop loss at 144. The target for this trade is 168, which implies an expected upside of approximately 8.40% from the entry point.
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!
Macrotech Developers Ltd - Possible ReversalStock at recent demand zone
Demand zone 1033 - 1155
Possible reversal from this area
Drop Base Rally seen in daily
Downside safe till 970(SL)
Upside target up to 1313
Entry only if strong candle seen in LTF (Hourly)
As market is in bearish mode
Chart is self explanatory
Disclaimer:-
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
This is a daily chart of IRFC (NSE).Key Points:
Downtrend: The stock is moving down but is near strong support (green lines).
Breakout Possible: If it moves above ₹144.70, it may go up to ₹149.04 and then ₹166.90.
Resistance: The red trendline is acting as a hurdle. A breakout above it can push the price higher.
Risk Level: If it falls below ₹127.65, the downtrend may continue.
Potential Upside:
First target: ₹144.70 (+6.78%)
Second target: ₹166.90 (+10.81%)
Conclusion:
Above ₹144.70 → Bullish move possible 🚀
Below ₹127.65 → Downtrend risk ⚠️
Nifty Intraday Analysis for 28th January 2025NSE:NIFTY
Index closed near 22930 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 85.62 Lakh 23300 Strike – 79.27 Lakh
23300 Strike – 71.29 Lakh
Put Writing
22000 Strike – 100.54 Lakh
22500 Strike – 59.87 Lakh
23000 Strike – 54.46 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 23000 – 23050 range and if this support is broken then index may tank near 23200 – 22250 range.
Banknifty Intraday Analysis for 28th January 2025NSE:BANKNIFTY
Index closed near 48065 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
49000 Strike – 28.04 Lakh
48500 Strike – 13.18 Lakh
48000 Strike – 8.89 Lakh
Put Writing
47000 Strike – 26.31 Lakh
48000 Strike – 14.97 Lakh
47500 Strike – 10.98 Lakh
Index has resistance near 48400 – 48500 range and if index crosses and sustains above this level then may reach near 48900 – 49000 range.
Index has immediate support near 47500 - 47400 range and if this support is broken then index may tank near 47000 - 46900 range.
Finnifty Intraday Analysis for 28th January 2025NSE:CNXFINANCE
Index closed near 22385 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 3.02 Lakh
22700 Strike – 2.03 Lakh
22800 Strike – 1.38 Lakh
Put Writing
22000 Strike – 1.46 Lakh
22300 Strike – 1.09 Lakh
22500 Strike – 0.96 Lakh
Index has resistance near 22500 - 22550 range and if index crosses and sustains above this level then may reach near 22650 - 22700 range.
Index has immediate support near 22200 – 22150 range and if this support is broken then index may tank near 22000 – 21950 range.
BankNifty levels - Jan 29, 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!
Midnifty Intraday Analysis for 28th January 2025NSE:NIFTY_MID_SELECT
Index closed near 11720 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 11.96 Lakh
11900 Strike – 6.48 Lakh
11800 Strike – 5.08 Lakh
Put Writing
11500 Strike – 9.06 Lakh
11800 Strike – 6.53 Lakh
11400 Strike – 6.17 Lakh
Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range.
Index has immediate support near 11650 – 11600 range and if this support is broken then index may tank near 11350– 11300 range.