Bitcoin Looks Like abc corrective wave in daily tf we can clearly see divergence on 17th December, when the price made higher high and oscillators made lower high. this is a bearish reversal divergence showing the weakness of strength. if the corrective pattern hold than BTC can take resistance at 99,902 till 101153 levels and if it falls than the support as per wave C of the corrective wave stands at 74000 till 73000.
Trend Analysis
Bank Nifty Short term viewBank Nifty Short term view
Bank Nifty formed Head & Shoulder pattern in weekly TF.
Neckline is 49800. Price closed below the neckline and confirmed the pattern last week.
45000 is the possible target as per the pattern which we may see in the coming weeks.
49700-50000 is the resistance for next week.
If Bank nifty gives a pull back, Resistance zone is the ideal level to open a short position.
BPCL view for Intraday 11th Jan #BPCL
BPCL view for Intraday 11th Jan #BPCL
Resistance 270 Watching above 286 for upside movement...
Support area 270-280 Below 282 ignoring upside momentum for intraday
Watching below 270 or downside movement...
Above 270 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 11th Jan #BHARTIARTL
Bharati Airtel Ltd view for Intraday 11th Jan #BHARTIARTL
Resistance 1600 Watching above 1750 for upside movement...
Support area 1570 Below 1585 ignoring upside momentum for intraday
Support 1570 Watching below 1585 or downside movement...
Resistance area 1750
Above 1600 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
ICICI Bank Ltd view for Intraday 11th Jan #ICICIBANK
Resistance 1275 Watching above 1290 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Support 1240 Watching below 1237 or downside movement...
Resistance area 1275
Above 1250 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
TATAMOTORS, Positional Trade Duration: 2-3 months
#TATAMOTORS,
Positional Trade Duration: 2-3 months
Entry: 760-780
Targets: 946, 1042, 1165
Buy on Dips till 720
Reversal from support with strong volume.
Institutions expecting a strong earning in Feb and Dec sales have been good.
No buy or sell recommendation.
HDFC Bank Ltd view for Intraday 11th Jan #HDFCBANK
HDFC Bank Ltd view for Intraday 11th Jan #HDFCBANK
Resistance 1765 Watching above 1767 for upside movement...
Support area 1740 Below 1750 ignoring upside momentum for intraday
Support 1740 Watching below 1737 or downside movement...
Resistance area 1765
Above 1750 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Reliance Industries Ltd view for Intraday 11th Jan #RELIANCE
Reliance Industries Ltd view for Intraday 11th Jan #RELIANCE
Resistance 1270 Watching above 1273 for upside movement...
Support area 1240 Below 1260 ignoring upside momentum for intraday
Watching below 1238 or downside movement...
Above 1250 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 11th Jan #ZOMATO
Zomato Ltd view for Intraday 11th Jan #ZOMATO
Resistance 255 Watching above 256 for upside movement...
Support area 250 Below 250 ignoring upside momentum for intraday
Support 250 Watching below 248 or downside movement...
Resistance area 255
Above 255 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up.
Technical Confirmations:
Trendline Break
Ascending Triangle Breakdown
Lower Lows
Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility)
Target : Open/Mentioned.
STOP Loss : 1275/Swing High
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uptrend stock MGLMahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12,703.81 Crore) operating in Gas & Petroleum sector.
Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 1,833.18 Crore, up 7.74 % from last quarter Total Income of Rs 1,701.41 Crore and up 13.53 % from last year same quarter Total Income of Rs 1,614.64 Crore. Company has reported net profit after tax of Rs 283.50 Crore in latest quarter.
Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup.
Also, the gap area upside is to be filled in due time, of course in a bullish phase.
If sustains above 3500, may go to 4000/4200 or even more.
If sustains below 3200, this setup will go weak.
Decide your entry and exit levels and position size in accordance with your risk management.
All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form.
All the best.