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Supply and Demand

MegaSoft On the verge of a breakout!#Megasoft. ⚠️Risky bet Technical. - Trying to break out of a prolonged consolidation. -Closed right below a previous resistance. -The past few trading sessions price has been moving up with increased volume forming bullish candles. 🟢Entry Above-108. 🟢SL- Short term- 96- closing basis. 🟢SL-Positional,- 83, is very deep so trade very light. 🟢Target 1(Positional)- 138 🟢Target 2(Positional)- 185 Fundamentally Very Weak. Extreme caution should be exercised. The recent diversification might help them improve the fundamentals and it might be reflecting on the chart. Brief about the Company. Megasoft Limited, established in 1994 and headquartered in Hyderabad, India, operates primarily in the IT consulting and outsourcing industry. The company has recently diversified into sectors such as pharmaceuticals, defence, and manufacturing. Corporate Restructuring: Megasoft has redefined its business focus to include pharmaceuticals, defence, and manufacturing, indicating a strategic shift towards these sectors. Open Offer: Sri Power Generation (India) Private Limited made an open offer to acquire equity shares of Megasoft, signaling potential changes in the ownership structure. Megasoft Limited is undergoing a strategic transformation by diversifying into new sectors. While the company has reported an increase in net profit and EPS, challenges remain, as indicated by certain financial ratios. Investors should monitor the company's restructuring efforts and their impact on financial performance in the coming years. #TradingSignals #stocktobuy
NSE:MEGASOFTLong
by sagartharayil
Phases of the market - The "AMD" Effect In trading, the terms accumulation, manipulation, and distribution represent distinct phases of market behavior, driven by the strategies of large institutional players such as banks, hedge funds, or market makers. These phases reflect how these entities operate to achieve their objectives while influencing market psychology and price movements. At the core of these phases lies the concept of supply and demand. However, recognizing where these phases occur within the market is crucial for traders. Let’s break them down for better understanding: Let us breakdown these terms to understand them in a better way : 1. Accumulation Phase : This is when big players, like banks or hedge funds, start buying a lot of shares of a stock or asset without causing the price to rise too much. They do it quietly so that others don’t notice what they’re up to. The price tends to remain flat and trades within a narrow range since fewer trades are happening. A lot of traders tend to loose the plot here since they are unable to understand if this accumulation is occurring in the wholesale area or the retail area and this is the KEY!!! If prices are accumulating in the wholesale area it is more likely the prices are going to push to the upside than downside. This phase is generally ignored by most retail traders and investors as they consider this as a dull market environment. This is highlighted in a yellow rectangle on the chart. 2. Manipulation Phase : This is a phase where big players intentionally create sharp price swings to confuse or scare smaller traders (retail traders). The goal is to trick people into making the wrong moves, like selling too early or buying at the wrong time. Usually the big players create sudden spikes to the upside or downside. These spikes in general trend to hit majority of the stop losses of the retail traders causing them to loose money more frequently. Many smaller traders lose money here because they react emotionally or fall for fake signals, not realizing they’re being played by smarter, bigger players. This is highlighted in a blue rectangle on the chart 3. Distribution Phase: This is the stage where the big players move the market significantly to the upside or to the downside depending upon the prices being in the wholesale or the retail section. This phase generally tends to have higher volumes. Majority of the retail traders tend to enter at the very end of this phase and get trapped in the market. This is highlighted in an orange rectangle on the chart This cycle often repeats itself forming the basis of the Wyckoff Market Cycle. Since price is fractal in nature these phases occur on all time frames. For illustration purposes we have taken an example of a Nifty chart. I have manually plotted the phases of the market and illustrated how these phases play out however these phases can be coded using pine script as well. I have divided the swing high and the swing low in two parts. The lower section signifies" wholesale area" where the big players would be buyers and the upper section signifies retail prices where the big players would be sellers. Now if you watch the wholesale area carefully all the manipulations are taking place in the downward direction(highlighted in blue rectangle) which is signifying that prices are moving down first before moving up. The retail trader is getting trapped in the false breakout to the upside and the moment that happens he wants to "Buy" and keeps a stop loss below the consolidation only for the stop loss to get triggered first and then price moving in the intended direction. Similarly, in the "retail area", manipulations often occur in the upward direction (highlighted in the blue rectangle). This means prices initially move higher before reversing downward. Retail traders frequently fall into the trap of reacting to a **false breakdown**. When prices appear to break down, these traders rush to "sell" and place their stop-loss orders above the consolidation. Unfortunately, their stop-losses are often triggered first, only for the price to then move in the intended direction afterward. This pattern is a common occurrence in the market, happening almost daily. It underscores the importance of understanding these manipulative moves to strategically place stop-loss orders in safer locations. Relying solely on market phases to make trading decisions is not enough to ensure consistent success. Instead, combining this knowledge with an understanding of the **bigger picture**—the overall price structure and market context—is essential. Once this framework is established, traders can confidently apply any price action strategy for entry and exit points. With practice, identifying these phases on your charts becomes much easier. I hope you find this information valuable, and with some effort, you’ll be able to spot these patterns regularly. Good luck, and happy trading!
NSE:NIFTYEducation
by VishalSubandh
11
Nifty Intraday Analysis for 8th January 2025NSE:NIFTY Index closed near 23710 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 122.43 Lakh 24200 Strike – 111.77 Lakh 24100 Strike – 77.23 Lakh Put Writing 23200 Strike – 92.26 Lakh 23500 Strike – 56.77 Lakh 23300 Strike – 54.14 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 8th January 2025NSE:BANKNIFTY Index closed near 50200 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 13.12 Lakh 51500 Strike – 11.99 Lakh 50500 Strike – 5.15 Lakh Put Writing 50000 Strike – 11.89 Lakh 51000 Strike – 10.59 Lakh 50500 Strike – 6.21 Lakh Index has resistance near 50400 – 50500 range and if index crosses and sustains above this level then may reach near 50900 – 51000 range. Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 49100 - 49000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 8th January 2025NSE:CNXFINANCE Index closed near 23430 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 1.07 Lakh 23800 Strike – 0.45 Lakh 23500 Strike – 0.44 Lakh Put Writing 24000 Strike – 1.16 Lakh 23500 Strike – 0.88 Lakh 23800 Strike – 0.61 Lakh Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range. Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23100 – 23050 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 8th January 2025NSE:NIFTY_MID_SELECT Index closed near 12740 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 7.19 Lakh 12800 Strike – 4.95 Lakh 12700 Strike – 2.07 Lakh Put Writing 12800 Strike – 5.24 Lakh 13000 Strike – 4.88 Lakh 12700 Strike – 2.87 Lakh Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Nifty levels - Jan 09, 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
BankNifty levels - Jan 09, 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
Another directional RALLY coming up..?As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand zone but also break the psychological level of 50000 so plan your trades accordingly and keep watching.
NSE:BANKNIFTY
by Wealthcam
Deccan ready for another leg of upmove?-Trading right below a resistance. -Volume spikes with price movement -Close to previous ATH -After a brief upmove stock pulled back and now trying to break a resistance. Entry: 769 T1-849 Positional Target: 1056 Safe traders wait for a close above 850( ATH) for entry. SL 666 Closing basis. The market is weak and breakouts are susceptible to failure. So please do your analysis before entering. Risk Management is imperative, please do not forget this. Conservative Traders Wait for the Nifty 500 to close above 24900 to initiate a new trade.
NSE:DECCANCELong
by sagartharayil
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:5 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
FX:XAUUSDLong
by tradergyan01
Nifty Intraday Analysis for 7th January 2025NSE:NIFTY Index closed near 23615 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24200 Strike – 101.70 Lakh 24000 Strike – 93.24 Lakh 24100 Strike – 76.54 Lakh Put Writing 23300 Strike – 49.24 Lakh 23500 Strike – 40.70 Lakh 23600 Strike – 39.55 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 23250 – 23200 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
NSE:NIFTY
by RKMAURYA
Midnifty Intraday Analysis for 7th January 2025NSE:NIFTY_MID_SELECT Index closed near 12695 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 7.09 Lakh 12800 Strike – 3.524 Lakh 12700 Strike – 2.40 Lakh Put Writing 13000 Strike – 5.62 Lakh 12800 Strike – 4.64 Lakh 12700 Strike – 3.95 Lakh Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Banknifty Intraday Analysis for 7th January 2025NSE:BANKNIFTY Index closed near 49920 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 13.72 Lakh 50000 Strike – 6.47 Lakh 50500 Strike – 5.02 Lakh Put Writing 49000 Strike – 12.14 Lakh 50000 Strike – 11.73 Lakh 51000 Strike – 11.61 Lakh Index has resistance near 50300 – 50400 range and if index crosses and sustains above this level then may reach near 50800 – 50900 range. Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 49000 - 48900 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 7th January 2025NSE:CNXFINANCE Index closed near 23320 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 1.12 Lakh 23800 Strike – 0.55 Lakh 23500 Strike – 0.44 Lakh Put Writing 24000 Strike – 1.23 Lakh 23800 Strike – 065 Lakh 23500 Strike – 0.51 Lakh Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range. Index has immediate support near 23200 – 23150 range and if this support is broken then index may tank near 23050 – 23000 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
NSE:CNXFINANCE
by RKMAURYA
BankNifty levels - Jan 08, 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 08, 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