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Crude Oil Futures Under Pressure; Key Resistance Confirmed at ₹5Crude Oil futures on the MCX continued their downward trajectory on Wednesday, closing near ₹4,949 amid growing bearish momentum. WaveNodes Pro Max AI flagged a "Seller Trap Possible", but downside targets remain intact for now. Seller trap alert means big players are finding opportunity to trap or shed short sellers. The system-identified Short Entry at ₹5,212 has held firm as resistance, with two clear retests failing to breach the impact zone of ₹5,233–₹5,263. This former support has now flipped decisively into supply, adding pressure on intraday rallies. 🔻 Key Developments: AI Bearish Probability: Rises to 50.9%, surpassing bullish odds. Target 1 (₹5,036–₹5,103) achieved successfully. Target 2 set at ₹4,750–₹4,818, with potential for deeper correction toward ₹4,465–₹4,533. Profit Booking Alert: ₹5,084 marked as short-term profit-taking zone. 📉 Market Sentiment: Volatility remains elevated at 23 PPB, with good volatility reading at 21 PPB, suggesting controlled but active movement. Despite bearish strength, the AI warns of a possible seller trap, especially if prices reclaim levels above ₹5,084. 🧠 Analyst Take: “The rejection at ₹5,212 confirms the breakdown structure. As long as crude trades below this zone, lower targets remain open. However, a surprise reclaim could trigger short covering,” analysts from WaveNodes noted. 📊 Outlook: Trend: Bearish Resistance: ₹5,212–₹5,263 Support: ₹4,750 → ₹4,465 Traders are advised to watch volumes closely as crude approaches the next support band. A failure to break lower could validate the seller trap thesis.
MCX:CRUDEOIL1!Short
by WaveNodes
2
Let it Rain!Technical Analysis of Rain : Over the past two years, Rain's price has been in a consolidation phase following a significant 300% increase from April 2020 to July 2021. It's important to note that this price surge occurred alongside a broader market rally during the same period. Positive Indicators : The weekly and monthly charts highlight some encouraging signs. Notably, there has been a sudden increase in trading volume , and the MACD lines and bars have been flatlining on the monthly timeframe, which may indicate a potential shift in momentum. Key Support and Resistance Levels : Support: 140 Resistance: 190, 225, 255 Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:RAINLong
by sandeepbalachandran
ITC's Key Support & Resistance: Trade Smartly!Current Scenario: • ITC is currently trading at ₹429.05, showing signs of consolidation. • The stock has tested the support level twice (T1 and T2), indicating strong support around ₹402.90. Key Levels: • Entry Point: ₹416.25 • Stop Loss: ₹402.90 • Target Levels: • Target 01: ₹437.90 • Target 02: ₹444.70 Analysis: • The stock is forming a pattern where it respects the support level, which could be a good opportunity for a bullish entry. • The previous low and support touches suggest that buyers step in around these levels, providing a safety net for long positions. Trading Strategy: • Bullish Scenario: Enter at ₹416.25 with a stop loss at ₹402.90. Look for the stock to move towards the first target of ₹437.90 and possibly extend to ₹444.70. • Bearish Scenario: If the stock breaks below the stop loss level of ₹402.90, it might indicate further downside risk. In this case, it’s advisable to exit long positions to prevent losses. Conclusion: • ITC is showing a well-defined support and resistance structure, offering clear entry and exit points. • Traders can leverage these key levels to strategize their trades effectively, minimizing risk while maximizing potential gains. Keywords: • ITC Stock • Technical Analysis • Support and Resistance • Trading Strategy • Entry Point • Stop Loss • Target Levels • Market Analysis • Stock Trends
NSE:ITCLong
by OptimaltradeX
Finnifty direction and levels for #October18th"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to continue its rally. However, if it breaks or consolidates, the correction will likely continue. On the other hand, if the market breaks the previous day's high, we can set our target at the next resistance level."
NSE:CNXFINANCE
by Manickamtraders
Banknifty idea for positional trading optional trancing for nextBuy above line mentioned Strictly on stop loss exit must needed . Don’t trade without so You can buy October call strict price will be target 1 wali call Or you can choose target 2 wali strike prices for next month expiry of October . Follow for more If so hit then exit as the only problem is that hdfc bank is in downtrend he can push mkt down so when it break entry line with bullish candle body only then take trade not by break with line or wick.
NSE:BANKNIFTYLong
by amitatry
My BTC 2023 scenario 48K or 60-62K? Hi dear community and my loyal followers, I hope you are fine. I'm looking at weekly log chart of BTC. As you noticed from my previous analyses I compared 2022-2023 with 2015-2016 and not with 2019-2020 coz they are very identical. Taking into account this similarities I nailed any single move from the bottom of 2022/15.5K/ to the current moment /30K/. As you see Based on my measurement and similar move I don't expect BTC to dump below 25K instead of it I expect pump to 35-37K maybe a little bit higher/37-38K/ filling weekly FVG zone and reached the same % pump as BTC did in 2015, after that we'll see dump to 20-22K filling daily GAP on BTC futures. Then we'll see see huge bounce towards 48K if we count 30% from the top and 60-62K if we count from the last swing high 37-38K to the top as it is shown in 2015. The worst case I expect 48K in 2023. When BTC reaches 48K or 60-62K we should see deep correction to 25-28K in case that BTC new ATH will be hit in 2024-2025. If you like my analayses don't forget to check below analyses, like, comment, follow and share please. I will appreciate any kind of support. Have a good day, I wish you good trades and big profits.
BITSTAMP:BTCUSDLong
by ergal91
Finnifty Trading Plan for Tomorrow Finnifty Support and Resistance levels where the buying and selling pressures are Expected to be strong Resistance Levels R3-19482 -72 R2 -19330 -15 -Short Below 19310 R1-19255 -45 - Short Below 19240 Support Levels S1-19165 - 75 - Short Below 19165 S2-19095 –105 S3-19030 - 40 S4-18970 - 82 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis 0.95 ( Bullish ) Max Pain As per Option Chain Analysis -19100 Major Resistance as Per Nifty Open Interest Analysis - 19300 Major Support as Per Nifty Open Interest Analysis - 19000
NSE:CNXFINANCE
by manojshinde27
PostMortem on BankNifty Today & Analysis of 27 Mar 2023There are few important aspects to the price action today. We stuck to a small range today - it would have been good for intraday straddlers & short iron-fly, iron-condor strategy deployers. So we opened inline at 39484, many would argue that it was a gap up. But i wouldnt say that because of the price action from the previous session. As soon as we hit the last session's swing low, we got a bounce of 270 pts, but this did not sustain and we fell back to the same low point. We had a second bounce of 268pts between 11.30 to 12.45 & as expected this did not sustain as well. and fell back to the low point of the day again. Now between 13.25 to 14.35 we had the 3rd bounce of 383 pts & again we could not breakthrough the 39742 level. And we fell back to the low point of the day. The important aspect in today's price action is we had 4 tests of 39300 levels today (see cyan markers from chart). And none of them gave away. I am not saying that its a bullish sign, but its an area of importance. Either the volume traded today might be too low to create any volatility to break this zone or we may need some external triggers to break down. --- On NSE:BANKNIFTY minds i made 3 posts today "$BANKNIFTY we need a break of support 38690 for strong bearish momentum" at 10.14 "$BANKNIFTY option prices are not providing clear direction" at 13.39 "$BANKNIFTY needs to take out 39742 to go bullish" at 14.39 --- 15mts TF is looking at a sideways movement, i was hoping was a retest of 38690 levels today - but that did not happen. Instead the 39300 level came to rescue. I am seriously considering to mark a new SR zone at 39310. to view all 10 charts in today's discussion visit viswaram. com --- 1hr TF is still bearish to me, agree its taking some time for the new leg to form. If there are no fundamental news triggers i am expecting the 38690 levels to be taken out this week itself. Keeping my fingers crossed
NSE:BANKNIFTY
by viswaram
Finnifty Expiry price Action End of Day Finnifty Index Chart  and Technical Analysis for Trading Finnifty Chart Analysis for analyzing historical price movements , and Identifying key Price levels where the market has Previously Reacted Last Trading Day boundary value analysis   , High - 17727  Low - 17555 Finnifty In the Money Call and Put Strike Prices - 17750 PE and 17550 CE Finnifty Live targets for Active Call and Put Active Call Put For Trading On Expiry -  17650 PE and 17550 Call  17650 PE Targets - 160 /190 17550 Call  Targets - 160 /190 Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -       17575 - 17595 Second Support Zone For Finnifty –   17430 - 17445 Third Support Zone For Finnifty –     17237 - 17256 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –     17700 - 17715 Second Resistance Zone For Finnifty –  17835 - 17851 Third Resistance Zone For Finnifty –      17915 - 17930 Importent Signal from finnifty Option Chain Analysis  PCR ratio as per Option Chain Analysis – 0.79  ( Bearish ) Max Pain as per Option Chain Analysis –     17600 Major Resistance as Per finnifty Open Interest Analysis –  18050 Major Support as Per finnifty Open Interest Analysis    –    17250
NSE:CNXFINANCE
by manojshinde27
Finance Nifty Daily Levels Update For Option Day Trading Finnifty Importent Levels For Option Buying and Option Selling Support Zones For Finnifty Intraday Trading First Support Zone For Finnifty -  17900 - 17910 Second Support Zone For Finnifty – 17825 - 17835 Third Support Zone For Finnifty –    17670 - 17690 Resistance Zones For Finnifty Intraday Trading First Resistance Zone For Finnifty –   18055 - 18070 Second Resistance Zone For Finnifty – 18135 - 18145 Third Resistance Zone For Finnifty –  18245 - 18255 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis – 0.58 ( Bearish ) Max Pain as per Option Chain Analysis –     18300 Major Resistance as Per finnifty Open Interest Analysis –  18150 Major Support as Per finnifty Open Interest Analysis    –    17650
NSE:CNXFINANCE
by manojshinde27
Banknifty Confirm Targets For Monday NiftyBank One Hour Chart Analysis with Option Chain Analysis Support Zones Frist Support Level For For Long Banknifty - 40355 - 40390 Second Support Level For Long Banknifty - 40040 - 40075 Third Support Level For Long Banknifty - 39690 - 39750 Resistance Zones First Resistance Level For Short Banknifty - 40775 - 40800 Second Resistance Level For Short Banknifty - 41920 - 41950 Third Resistance Level For Short Banknifty - 41170 - 41200 Importent Signal for Banknifty Trading from Option Chain Data Analysis Max Pain As per Option Chain Analysis – 40500 PCR ratio as per Option Chain Analysis – 0.59 ( Bearish ) Major Support as Per Banknifty Open Interest Analysis – 39700 Major Resistance as Per Banknifty Open Interest Analysis – 41200
NSE:BANKNIFTY
by manojshinde27