Chola Fin. Formed Short Term BaseNSE:CHOLAFIN made a short-term base of 1168-1185 and is near its BO Levels of 1343.15 with RSI and MACD Trending Upwards.
About:
NSE:CHOLAFIN is one of India's premier diversified non-banking finance companies, engaged in providing vehicle finance, home loans and loans against property.
F&O Activity:
Significant Long Buildup With 1300 CE OI Significantly Decreased.
Trade Setup:
It looks like a good 1:1 Trade with the Recent Base as a Stop Loss for a Swing Trade after it Crosses Key Levels of 1343.15.
Target(Take Profit):
Around 1507 Levels for Swing & Positional Traders
Stop Loss:
The base of Channel 1168 for Positional Traders and Entry Candle Low for Swing Traders.
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Trend Analysis
DEEPAKFERT Showing Strength From Base With Good Q3NSE:DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.
Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent being base being crucial.
Target(Take Profit):
52wh Levels for Swing Trader and 1522 for Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and a Recent Base of 1071 for Positional Trader.
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Kalyan Pullback Trade ???NSE:KALYANKJIL is looking good for a Pullback from its base with Heavy Volumes.
About:
NSE:KALYANKJIL designs, manufactures, and sells a range of gold, studded, and other jewellery products at various prices. It is one of the largest jewellery retailers in India.
F&O Activity:
Significant Long Buildup With 500 CE OI Unwinding Significantly.
Trade Setup:
Looks good for a 1:1 Risk-Reward Trade with 10 DSMA Trending Upward, Pullback up to 100 DSMA looks likely, and 10 DSMA and Recent Base are Important Levels.
Target(Take Profit):
Near 100 DSMA for Swing Trader
Stop Loss:
Recent Base or Trailing 10 DSMA on Closing Basis for Swing Trader.
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Nifty Intraday Analysis for 04th February 2025NSE:NIFTY
Index closed near 23360 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 127.33 Lakh 23600 Strike – 77.76 Lakh
23700 Strike – 69.26 Lakh
Put Writing
23000 Strike – 90.02 Lakh
23300 Strike – 79.53 Lakh
23200 Strike – 74.65 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23100 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Banknifty Intraday Analysis for 04th February 2025NSE:BANKNIFTY
Index closed near 49210 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 9.84 Lakh
49000 Strike – 7.49 Lakh 49500 Strike – 5.92 Lakh
Put Writing
49000 Strike – 12.33 Lakh
50000 Strike – 6.32 Lakh
49500 Strike – 4.88 Lakh
Index has resistance near 49800 – 49900 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Finnifty Intraday Analysis for 04th February 2025NSE:CNXFINANCE
Index closed near 23130 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.53 Lakh
23200 Strike – 0.49 Lakh
23500 Strike – 0.43 Lakh
Put Writing
23000 Strike – 0.69 Lakh
23100 Strike – 0.33 Lakh
23200 Strike – 0.28 Lakh
Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Midnifty Intraday Analysis for 04th February 2025NSE:NIFTY_MID_SELECT
Index closed near 11820 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.72 Lakh
12000 Strike – 4.47 Lakh
11800 Strike – 3.10 Lakh
Put Writing
11500 Strike – 5.00 Lakh
11800 Strike – 3.68 Lakh
12000 Strike – 2.44 Lakh
Index has immediate resistance near 12000 – 12050 range and if index crosses and sustains above this level then may reach 12175 – 12225 range.
Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
BankNifty levels - Feb 05, 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.
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Nifty levels - Feb 05, 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.
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Wishing you success in your trading activities!
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
Trendline Breakout in VMM
BUY TODAY SELL TOMORROW for 5%
BLUEJET
Price has witnessed a breakout after a consolidation phase since its listing. Current pullback towards breakout level of 430 gives a good risk-reward entry point.
In many such low history charts, a breakout above the listing day high has seen strong rallies. Hence we could also see such a rally to 800 in this stock.
Bullish outlook remains valid as long as price is above 410.
Take Profit on BTC at $59,900 - $60,000🚀 Take Profit on BTC at $59,900 - $60,000
📢 This is the ideal time to take profit on BTC positions bought at $59,900 or lower, following the W cycle.
📌 Profit-Taking & Capital Reallocation Strategy
✔ Take profit on BTC at $59,900 - $60,000, as BTC is showing signs of entering a correction phase under the W cycle.
✔ Convert BTC to USDT and wait for accumulation over the next few weeks or months.
✔ Re-entry zones:
$77,000 - $82,000 → Ideal areas to buy back and position for the next W cycle rally.
📊 Strategy for Long-Term Investors (M & 3M Cycles)
✔ For those following larger cycles (M or 3M), no immediate action is required.
✔ Instead, monitor ideal correction zones to accumulate more BTC positions.
✔ Maintain long-term holdings while observing market conditions before further actions.
🔥 BTC is entering a correction phase – Manage your capital wisely! 🚀
AxisbankI see this stock on very strong support zone on Daily time frame where we can see a big bounce in coming days and even marked resistance trendline which gives you an edge for entry and levels are marked on chart just a view not a Reco... even the correction very steep so expecting same wise rally. may be wrong too better enter in cash or options of FEb. Note: we do have an event of Feb02 Budget.