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Coal India. Buy the Dip?Stock: Coal India (COALINDIA) Current Price: ₹385.05 Technical Analysis: 1⃣ Descending Channel: The stock is trading within a descending channel, forming a base with a potential double-bottom pattern. 2⃣Structure: Lower Lows (LL) and Lower Highs (LH). The overall market structure remains weak. 3⃣200-DMA: Stock is trading below its 200-day moving average, indicating caution for bullish momentum. Trading Plan: Entry: Above ₹400.30 on a breakout candle backed by 3x-5x volume. Stop Loss (SL): ₹352.55 (closing basis). Target Levels: T1: ₹428.30 (7.00%, R:R 0.8:1) T2: ₹458.50 (14.55%, R:R 1.6:1) Positional T1: ₹517.20 (29.20%, R:R 3.7:1) Positional T2 (ATH): ₹544.30 (36.00%, R:R 4.7:1) Key Observations: Dividend Payout: Suitable for long-term investors accumulating during dips. Weakness Trigger: A weekly close below ₹360 could indicate further downside. Risky traders may short below this level. RSI: Needs improvement to signal bullish strength. Momentum Play: Not recommended for short-term traders. Wait for structural change above ₹400. What to Watch During Breakout? Volume Surge: Wide-range breakout candle backed by 3x-5x average volumes. Sustainability: Ensure a close above ₹400 to confirm a breakout. Disclaimer: This analysis is for educational purposes only. Always conduct your own analysis and consult a financial advisor before trading. Trade responsibly and manage risks.
NSE:COALINDIALong
by sagartharayil
BDL - Bullish Momentum in Play - 40% Upside Potential!➡️ Price Analysis & Overview: 1️⃣ Demand Zone Bounce: BDL is rebounding from a strong demand zone, showcasing potential for upward momentum. 2️⃣ EMA Support: The stock consistently respects the exponential moving average, reinforcing its bullish structure. 3️⃣ Candle Strength: Recent candles indicate strong bullish momentum, paving the way for further gains. 4️⃣ Current volumes are looking good but expecting more volumes! ✨My View: Expect the bullish momentum to persist. Watch for sustained breakouts or pullbacks to EMA for strategic entries.🚀 Monthly TF: ⚠️ Disclaimer: For learning purposes only. Always do your research before trading. Drop a comment if you liked this analysis!✌️ Thanks & Regards, Anubrata Ray ⚡
NSE:BDLLong
by SuperNova396
UTI Showing signs of reversal. Add to your WL📊 Stock Analysis for UTI AMC 🔘Entry Levels: Initial Entry (Small Qty): ₹1,260 Fresh Entry: Above ₹1,405 (with a strong breakout and good volume) Stop Loss (SL): ₹1,133 (below the 200DMA and major support zone) Target Levels (T): T1: ₹1,405 T2: ₹1,721 Risk-to-Reward (R:R): From Initial Entry to T2: Approx. 1:2.6 From Fresh Entry (T1) to T2: Approx. 1:2 🔘Setup Overview The stock has consistently taken support at the 200 DMA, indicating strong demand at lower levels. It’s currently consolidating near the ₹1,260-₹1,400 zone, forming a potential breakout pattern. A breakout above ₹1,405 with high volume can lead to a new bullish rally. ⚠️Risk Considerations Below ₹1,133, the structure may turn bearish, invalidating the setup. Ensure the breakout above ₹1,405 is confirmed with strong volume and price action. 🔘Reasons for Risk Level The 200 DMA support provides a good risk management level. If the stock breaks down below ₹1,133, it could retest lower levels, indicating a potential trend reversal. ❗️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 investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
NSE:UTIAMCLong
by sagartharayil
SW Solar, Trendline Breakout. Risky Proposition!!🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable) Entry & Stop Loss (SL): 🟢Entry: ₹478.00 🔴Stop Loss (SL): ₹402.10 (on a closing basis) 📊Targets: T1: ₹530.90 T2: ₹608.05 T3: ₹639.00 Positional Long-Term Target: ₹761.80 - ₹790.00 All-Time High (ATH): ₹830.20 Setup Overview: Trend: Downtrend. Now showing signs of a trendline breakout. Moving Average Position: Trading below the 50 and 200 DMA Volume: Huge volume spike today, signalling possible accumulation Earnings: Posted good results today Risk Considerations: Risk Level: High Counter-trend trade with the stock still in a downtrend. Below 50 DMA and 200 DMA, indicating overall bearish sentiment. Reasons for Risk Level: The stock is currently against the primary trend (downtrend). Significant resistance levels need to be broken for sustained upward movement. Notes: While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend. Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis. 🛑Disclaimer: This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
BSE:SWSOLARLong
by sagartharayil
GOLD - BEARSIH STRUCTURE FORMING. WILL IT BREAK CHANNEL SUPPORT?Symbol - XAUUSD Gold has recently tested lower levels of rising channel and is now engaging with trend support, creating volatility in the market. The strengthening of the U.S. dollar is exerting downward pressure on the precious metal. Gold appears to be entering a corrective phase, with the market gradually shifting from a bullish to a bearish outlook due to increasing demand for the dollar, driven in part by concerns over potential trade wars arising from U.S. policies under former President Trump's administration. The issue of tariffs imposed by the U.S. remains unresolved. Meanwhile, traders are closely monitoring U.S. economic data, including durable goods orders and consumer confidence, as well as the Federal Reserve's upcoming meeting, with its outcome expected to be released on Wednesday. From a technical perspective, after the breakdown of the bullish market structure, the price is currently testing the support of the established channel. It is unlikely that this support level will be breached on the first attempt, and the price may experience a corrective move towards 2745 or potentially the imbalance zone, such as the 2750-2760 range, before resuming its downward trajectory due to selling pressure. Key resistance levels: 2745, 2751, 2760 Key support levels: 2735, 2718 If the price fails to breach the 2745 resistance level and retreats to 2735, this could signal a potential break of trend support. In that scenario, an impulsive move towards 2718 may materialize. However, if the 2745 resistance level is overcome, gold could test the 2750-2760 range before continuing its downward movement which is more likely.
OANDA:XAUUSDShort
by akshit_official
Nifty Intraday Analysis for 30th January 2025NSE:NIFTY Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 77.20 Lakh 23500 Strike – 76.50 Lakh 23300 Strike – 56.74 Lakh Put Writing 23000 Strike – 124.33 Lakh 22500 Strike – 102.56 Lakh 229800 Strike – 63.50 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 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 30th January 2025NSE:BANKNIFTY Index closed near 49165 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 24.61 Lakh 50500 Strike – 18.22 Lakh 49000 Strike – 16.11 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49550 – 49650 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48600 - 48500 range and if this support is broken then index may tank near 48000 - 47900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 23045 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 3.05 Lakh 23250 Strike – 2.41 Lakh 23000 Strike – 2.35 Lakh Put Writing 22300 Strike – 2.67 Lakh 22400 Strike – 2.18 Lakh 22700 Strike – 2.00 Lakh Index has resistance near 23225 - 23275 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 11870 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12200 Strike – 25.54 Lakh 12200 Strike – 12.10 Lakh 12300 Strike – 11.12 Lakh Put Writing 11500 Strike – 9.21 Lakh 11600 Strike – 9.11 Lakh 11800 Strike – 7.54 Lakh Index has immediate resistance near 11975 – 12025 range and if index crosses and sustains above this level then may reach 12125 – 12175 range. Index has immediate support near 11750 – 11700 range and if this support is broken then index may tank near 11625– 11575 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 31, 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
Nifty levels - Jan 31, 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
GBPJPY - TRADING WITHIN TRAINGLE PATTERN FORMATIONSymbol - GBPJPY The GBPJPY is currently trading within a symmetrical triangle pattern and recently experienced an attempt to breach resistance levels and rise. However, the momentum has proven insufficient, as market participants remain skeptical of any bullish movement, primarily due to the actions of the Bank of Japan. The Bank of Japan recently increased its interest rate by 0.25%, marking the highest level since 2008, in response to accelerating inflation and a slowing economy. The central bank has signaled that further rate hikes are possible if inflation continues to rise. From a fundamental perspective, this could lead to a potential decline in the GBPJPY currency pair, although the strength of the British Pound against the US Dollar may mitigate this effect. Technically, the recent attempt to break resistance appears to be a false breakout, with the medium-term outlook influenced by both the technical structure and the Bank of Japan's actions. Key resistance level: 195.00 Key support levels: 192.00, 190.50 It is possible that another attempt to test resistance will occur before a subsequent decline. Traders are increasingly building long positions on the Japanese Yen, which could result in a bearish correction for the currency pair.
Short
by akshit_official
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.
NSE:SRFLong
by sagartharayil
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.
NSE:NIFTY
by RKMAURYA
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.
NSE:BANKNIFTY
by RKMAURYA
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.
NSE:CNXFINANCE
by RKMAURYA