BANKNIFTY FUTURE IMP LEVELS FOR JAN 29, 2025Marking IMP bank nifty Levels which can help trader to decide trades at IMP levels at right time.
Trend Analysis
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 ⚠️
PVRINOXKey Observations:
Downtrend: The stock has been falling for a long time.
Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in.
Bounce Back: The stock has given a small green candle, indicating some buying interest.
Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it may move up by 13.66% to ₹1,204.20 (previous support, now resistance).
Volume: Volume is slightly increasing, which supports a potential reversal.
Conclusion:
If the stock holds above ₹1,043, it may go toward ₹1,204.
If it breaks below ₹988, the downtrend may continue.
Bullish till 2759 and we'll see bearish trend upto 2674Bullish till 2759 then we will see bearish till 2674 ...
Britannia - Low Risk SetupCMP 4834 on 05.01.25
The charts mention all important levels. This time, the stock has bounced back from a long-term support channel and formed a double-bottom pattern.
If the momentum continues it may go to 5240/5580 or more.
If it sustains below 4650, the setup goes weak.
one should keep the position size following risk management.
All this illustration is only for learning and sharing purposes, it is not trading advice.
All the best.
Hdfc BankFor ItechnIndia more than anyone else....... Before you type or suggest to anyone..... ensure you have your RIDERS ready with you..... From the High of 1880 odd to the Low of 1624..... marks a complete wave, wherein..... from high to low does not mean you BUY for Gods sake.... you 1st let it sustain above 50% retracement atleast. The damn price has'nt even crossed above 1684 which is the minimum 23.6% retracement from high to low .............. AND YOU WANT PEOPLE TO BUY ??????????????????????????? WHAT IS THE BASIS OF SUCH ANALYSIS ??????
Nifty & Bank Nifty - Are they ready to bounce?Nifty & Bank Nifty - Both indices gave a welcome and much awaited upward close today. But will this sustain is to be seen.
Watch this video to understand certain data points which may decide tomorrow's move.
trade in btc bitcoin trade now down side clean and clear miner stoplos @big.target but sustain in buying aria or close abobe athleast 5 mnt candel
The downtrend is still left in Nifty 50 IndexNifty 50 Index study with price action : We assume Nifty in a correction phase from 27 - 09 - 24, i.e. 119 calendar days before today. Then market did a upward retracement ( bullish ) from 22 - 11 - 24 for 22 days . This was the longest upward retracement ( bullish ) which was worth mentioning.
As per price action, the market is still in a downard retracement ( bearish ). And we assume it will correct till 5th feb 2025 before doing further upward movement (bullish) which can be short upward correction or a change in direction ( that study we can do later ).
So the summarize:
Nifty 50 downard correction to continue till 5th Feb 2025 ( will it be lowest ? )
The downard target is 21729.
The study invalidation target is 21280.
The Bank nifty study shows different and it is going to go little different from Nifty for some days ( how many days ? )
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:7 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
ASHOK LEYLAND LONG IDEA......Pros
Ashok Leyland chart looks good for reversal.
Auto sector looks relatively strong compared to other sectors in this fall.
Risk:Reward
Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward.
Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important now.
Note This is Technical view only. No idea about Fundamentals.
Banknifty next key date on 6th febBank Nifty Index study with price action : Previously last week we had predicted for banknifty to achieve target of 48352 on 17 - 01- 2025 and next 49069 by 22 - 01 - 2025. The second prediction had a little miss but price went further down when the key date came on 22-01-2025. This key date was previously predicted for Nifty. Nifty did a good marking on this day, but Banknifty was hesitant to achive same ( by going further down similar to Nifty).
We assume that, bank nifty will be going sideways/downward till 6 - feb - 2025, still it has playing range till 47900. Also on 22nd jan ( key date ), we assumed Banknifty should touch 47900, but it was shy of 150+ points. But technically, it already achieved the target values ( see above for 17th and 22nd jan ). So what can be next down target ?, is not analyzed here.
It is little difficult to predict the days in advance when both indexes are not in sync here ( Nifty 50 and Bank nifty). As predicted in another post for nifty key date of 5th feb 2025, here we try to see a next key date for bank nifty and it comes to 6th feb 2025. What is a key date ?, not explained here.
When we have confusion in day chart for the time+price, we can assume (with lesser accurary), by going through other timeframes, which we will do in other posts.
As per price action, the market is still in a sideways/downward retracement ( bearish ). And we assume it will correct/sideways till 6th feb 2025 before doing further upward movement (bullish) which can be short upward correction or a change in direction ( that study we can do later ).
So the summarize:
Banknifty next key date 6th Feb 2025 ( will it be at end of smaller swing ? )
29-01 Nifty key levelsDear traders,here are the key levels for nifty 29-01-25 intraday, major support and resistance for intraday, based on previous day movement and market trend.
Note; intraday view only
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Resistance Support in INTERARCH
BUY TODAY SELL TOMORROW for 5%
Dabur cmp 525.35 by Daily Chart viewDabur cmp 525.35 by Daily Chart view
- Support Zone 500 to 510 Price Band
- Resistance Zone 531 to 538 Price Band
- Volumes seem to be gradually moving up by positive demand based buying
- Back to Back Bullish Rounding Bottoms formed and/or a VCP pattern too may be considered based on how one observes by neckline at Resistance Zone for fresh breakout
Nifty50: We are at the Cusp of a Mega Bull market till 2026 !!As per my Time cycle and Elliot wave forecast, we can see major lows in the markets are formed on or near this 144 days GANN cycle, so as per this research, a meaningful low is now due in our Indian markets in coming weeks, a low which will not to tested for the years to come, so don't be afraid of the ongoing correction which is at the matured stages, don't fold your SIP's or Investments, its time to be GREEDY for the rest of 2025 and 2026, Accumulating nifty via Nifty bees now and can near key retracement levels (Refer chart) can be a wise Idea.
Nifty: Mahakumbh 2025 to bring "Ache din" for Stock Market ?Is this a coincidence or Divine Significance !!
Will the 144 days Time Cycle for Nifty and Mahakumbh 2025 which happens once in 144 years, bring good omen for stock market ??
Only Time will tell, but what's certain is that if we're well prepared, we can make the most of these opportunities.
Has Nifty broken a Major Channel today ?Nifty is trading below Major channel connection pre covid high and covid low. Is it heading towards the gap it left 20200 and 20550 ? or will it have a further downside?.
TILAKNAGAR INDUSTRIES - DAILY CHARTLiquidity swept in last two days, today a strong Hammer candle formation at an old support. There is probability of it going up.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
PCR (Put Call Ratio) Trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
Here PCR is computed by dividing the put trading volume by the call trading volume on a specific day. Here, Put volume indicates the total put options initiated over a specific time-frame. Conversely, Call volume indicates the total call options initiated over a specific time-frame.
Cummins - Weekly Set-up (Long)Cummins is close to completing Wave 4. (Maybe last dip to 2500)
Wave 5 targets 5000, 7000.
HAL - LongHAL seems to have completed larger 4 or maybe W of 4.
In both cases, looks good for 4000-4200 at least - which is a good +15% from here.
