Adani Enterprises Limited // Levels //As of January 2, 2025, Adani Enterprises Limited (ADANIENT) is trading at ₹2,544.60, reflecting a 0.45% decrease from the previous close of ₹2,556.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹2,499.73
S2: ₹2,446.02
S3: ₹2,373.78
Resistance Levels:
R1: ₹2,625.68
R2: ₹2,697.92
R3: ₹2,751.63
These levels suggest that if the stock price falls below the immediate support at ₹2,499.73, it may find the next support at ₹2,446.02. Conversely, if the price rises above the immediate resistance at ₹2,625.68, it could encounter the next resistance at ₹2,697.92.
Additionally, the Average True Range (ATR) for ADANIENT is as follows:
5-Day ATR: ₹82.25
14-Day ATR: ₹86.49
28-Day ATR: ₹91.88
The ATR is a volatility indicator that measures the average price movement over a specified period; higher values indicate increased volatility.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
Support and Resistance
ITC Ltd view for Intraday 2nd jan #ITC
ITC Ltd view for Intraday 2nd jan #ITC
Resistance 480 Watching above 481 for upside movement...
Support area 470 Below 475 ignoring upside momentum for intraday
Support 470 Watching below 469 or downside movement...
Resistance area 480
Above 465 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Zomato Ltd view for Intraday 2nd jan #ZOMATO
Zomato Ltd view for Intraday 2nd jan #ZOMATO
Resistance 285 Watching above 285 for upside movement...
Support area 280 Below 280 ignoring upside momentum for intraday
Support 280 Watching below 278 or downside movement...
Resistance area 285
Above 285 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Hindalco industries Ltd view for Intraday 2nd jan #HINDALCO
Hindalco industries Ltd view for Intraday 2nd jan #HINDALCO
Resistance 608-610 Watching above 611 for upside movement...
Support area 600 Below 605 ignoring upside momentum for intraday
Support 600 Watching below 597 or downside movement...
Resistance area 608-610
Above 605 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bharati Airtel Ltd view for Intraday 2nd jan #BHARTIARTL
Bharati Airtel Ltd view for Intraday 2nd jan #BHARTIARTL
Resistance 1600 Watching above 1603 for upside movement...
Support area 1570 Below 1580 ignoring upside momentum for intraday
Support 1570 Watching below 1568 or downside movement...
Resistance area 1600
Above 1580-1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Lupin Ltd view for Intraday 2nd jan #LUPIN
Lupin Ltd view for Intraday 2nd jan #LUPIN
Resistance 2330 Watching above 2335 for upside movement...
Support area 2270 Below 2300 ignoring upside momentum for intraday
Support 2270 Watching below 2268 or downside movement...
Resistance area 2330
Above 2300 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Stock is facing resistance in daily time frame
#VBL
Stock is facing resistance in daily time frame. Can expect good upmove once
resistance is broken and starts trading above it.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 02/01/2025
Pre Market analysis for 02/01/2025
#NIFTYBANK
If market opens flat and breaks 51250 level, will plan for buying for target 51600 level.
If market opens gap down, and breaks 51000 will plan for selling for target 50600.Wait for 15min candle close below level.
If market opens gap up, and sustains above 51250 level, then plan for buying for target 51600.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 02/01/2025
Pre Market analysis for 02/01/2025
#NIFTY50
If market opens flat and breaks 23800 will plan for buying for target 23900 level.
If market opens gap down, and breaks 23700, then plan for selling for target 23550. level.
If market opens gap up, and sustains above 23800 level, then plan for buying for target 23950 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Nippon LIAM setting up again after Breakout-Pullback. Watch!Breakout from Previous Resistance of 739 with Huge volume and Wide Range Candle on 10 Dec 2024...
🟢Pulled Back/Retested on the back of low volumes.
🟢Setting up again with a wide range/Bullish Engulfing Candle.
🟢Forming a VCP on DTF.
🟢Apt for building positions than short-term trade in my opinion.
▶️Entry-772.5
▶️SL 668.4(13.3%)
▶️Target 1 - 817
▶️Target 2 878
📢 This is for educational purposes only. Trade responsibly. The market trend is not clear yet. Risk Management Rules are extremely important. Kindly do your due diligence and do not rush into a trade without understanding.
#Trading #TechnicalAnalysis #NipponLife #StockMarket
Epack looks Enticing? Will it live up to our expectations? I am Back with another Cup and Handle.
Nice structure. CnH on DTH. It looks enticing for the long term.
This is just my view. Kindly study the chart.
The only gripe here is that the stock Hits UC/LC often. So you need to be extremely cautious when trading this.
JUBILANT FOODWORKS 1WThe weekly chart shows a breakout above the critical resistance zone, signaling potential bullish momentum. Next key levels to watch: ₹805.70 and ₹885.35. A strong close above resistance could pave the way for further upside.
Keep an eye on volume and retests for confirmation! 💹
LEMON TREE 1WAfter a consistent uptrend supported by a strong ascending trend line, Lemon Tree Hotels has achieved a significant multi-year breakout. The weekly chart indicates bullish momentum, with a clean break above resistance. This breakout could open doors to new highs as buyers take control.
Keep an eye on retests and volume confirmation for potential entry points!
BankNifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, BankNifty opened flat to negative, dipping to a low of 50,485.05 before finding strong bullish support and rallying to a high of 51,321.95. It closed at 51,060.60, gaining 200 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.
Demand/Support Zones
Near Demand/Support Zone (15m): 50,800.50 - 50,890
Near Demand/Support Zone (15m): 50,485.05 - 50,629.65
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 (15m): 51,767.65 - 51,937.05
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)
Nifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, Nifty opened flat to negative, dipping to a low of 23,562.80 before rallying to the day’s high of 23,822.80. It ended the session flat at 23,742.90, gaining 98 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.
Demand/Support Zones
Near Demand/Support Zone (15m): 23616.50 - 23656.60
Near 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 (15m): 23,862.05 - 23,915.35
Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45
Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
Nifty weekly expiry analysis for 02/01/2025.Tomorrow is nifty first weekly expiry of the year.
A consolidation is going on in the index and today also it closed in a range.
If there is break out of the trendline on the upper side, chances of market retesting 24k levels are high.
In case of a fail and market trading downside, a trend downside possibilities are there.
20-EMA and 50-EMA are acting as a resistance and once cleared higher EMAs can be tested.
Option buyer be cautious of the expiry premium decay. Only trade the momentum.
Major levels
Upper resistance :- 24850, 24080
Lower support :- 23550, 23330.
Nifty Intraday Analysis for 1st January 2025NSE:NIFTY
Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 97.61 Lakh 23900 Strike – 76.72 Lakh
23800 Strike – 70.72 Lakh
Put Writing
23000 Strike – 80.07 Lakh
23500 Strike – 68.50 Lakh
23200 Strike – 50.57 Lakh
Index has resistance near 23800 - 23850 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 23300 – 23250 range.
Banknifty Intraday Analysis for 1st January 2025NSE:BANKNIFTY
Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 13.91 Lakh
51500 Strike – 8.36 Lakh
51000 Strike – 8.00 Lakh
Put Writing
51000 Strike – 11.23 Lakh
51500 Strike – 8.71 Lakh
50000 Strike – 8.07 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
Finnifty Intraday Analysis for 1st January 2025NSE:CNXFINANCE
Index closed near 23515 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23500 Strike – 0.51 Lakh
24000 Strike – 0.47 Lakh
24500 Strike – 0.38 Lakh
Put Writing
24000 Strike – 0.87 Lakh
23500 Strike – 0.75 Lakh
23700 Strike – 0.18 Lakh
Index has resistance near 23650 - 23700 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range.
Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23200 – 23150 range.