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Trend Analysis

Nifty Intraday Analysis for 29th November 2024NSE:NIFTY Index closed near 23915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 61.52 Lakh 24300 Strike – 50.68 Lakh 24200 Strike – 44.74 Lakh Put Writing 23500 Strike – 54.37 Lakh 24000 Strike – 40.64 Lakh 24800 Strike – 28.49 Lakh Index has resistance near 24300 – 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23550 range.
NSE:NIFTYLong
by RKMAURYA
Nifty levels - Dec 02, 2024 Nifty 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. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
IRCON - Long Term ViewThe chart shows a technical analysis of IRCON International Ltd on a daily timeframe. Here's an analysis based on the visible elements: 1. **Price Action** - **Downtrend:** The stock has been in a sustained downtrend for a few months, as indicated by the descending price channel (blue shaded area). - **Breakout Attempt:** Recently, the price seems to be testing or slightly breaking above the upper boundary of the descending channel, suggesting a potential reversal or breakout. 2. **Support and Resistance** - **Key Resistance Level:** ₹292.20 is marked as a significant resistance level. - **Key Support Level:** ₹175.29 is identified as a crucial support level. - These levels will likely act as turning points if the price moves toward them. 3. **RSI (Relative Strength Index)** - The RSI is at **53.77**, which is near the neutral zone (50). This indicates no strong overbought or oversold condition currently. - RSI above 50 could signal bullish momentum, especially if it continues rising. ### 4. **Volume** - The chart shows decent volume activity around the current price level. Volume confirmation will be critical for validating any breakout above the channel. ### 5. **Projection** - An upward trajectory is drawn (blue curve), potentially predicting recovery toward the ₹292.20 resistance zone and higher. --- ### **Trading Implications** - **Bullish View:** If the price sustains above the channel's upper boundary with increased volume, it could indicate the start of an uptrend. - **Bearish View:** Failure to break out or a drop below recent lows may lead to a retest of the ₹175.29 support level.
NSE:IRCONLong
by brijmohan_h
Nifty 50The chart shows an analysis of the Nifty 50 index with three indicators: Price Movement (Candlestick Chart): The Nifty 50 has shown an uptrend from early 2024 until mid-2024, followed by a correction or consolidation period, and is now attempting to recover slightly. The price is currently at 24,131.10, up 216.95 points (0.91%) for the day. Relative Strength Index (RSI): The RSI is plotted with a 20-day moving average and has displayed multiple bearish crossovers (marked "Bear") throughout the period. This suggests several points where momentum weakened during rallies. Currently, RSI is around 47.58, indicating a neutral momentum (neither overbought nor oversold). A recent "Bull" signal suggests improving momentum after a recent downtrend. On-Balance Volume (OBV): The OBV line shows steady accumulation throughout the period, indicating sustained buying interest despite short-term corrections. Currently at 108.1 billion, the OBV trend aligns with the long-term uptrend in price. Outcome and Analysis: Bullish Signs: OBV suggests long-term strength, with no major distribution phases visible. The latest RSI crossover ("Bull") could indicate a potential short-term recovery. Bearish Signs: Several "Bear" signals in RSI earlier indicate that momentum has been weakening on rallies, consistent with the broader correction seen in the second half of the chart. Key Observations: Watch the RSI and price movement for confirmation of further strength. A break above key resistance levels in price and RSI moving above 50 will confirm bullish momentum. If RSI fails to sustain above 50 or OBV flattens, further corrections are possible. This is a mixed outlook with a slight tilt towards recovery, but confirmation is needed from price action and volume.
NSE:NIFTY
by tvihaan07
TransIndia Real Estate: Strong Performer Near Key Support – BounTitle: "TransIndia Real Estate: Strong Performer Near Key Support – Bounce-Back Opportunity" Stock: TransIndia Real Estate Ltd. Analysis: TransIndia Real Estate has been a strong performer, but recent price action suggests the stock is nearing a critical support level, presenting a high probability of a bounce-back. While valuations are getting expensive, the technical setup around the strong support zone makes it an attractive opportunity for short-term traders. Key Highlights: Strong Support: Price is approaching a significant support level where buying interest is expected to emerge. Potential Bounce: Heavy possibility of rebound based on historical price action at this level. Momentum: Keep an eye on volume activity for confirmation. Trade Plan: Entry: Near current support level with volume confirmation Target: Short-term upside based on resistance levels or recent highs Stop Loss: Below the support zone to manage risk Note: With a history of strong performance, TransIndia Real Estate is worth monitoring for a bounce-back opportunity, despite its increasing valuation.
NSE:TRELLong
by ImranulHaqueNoor
ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following 1. RSI on all time frames (D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band 3. Four months long consolidation in range of 240 to 295 zone 4. ABCD pattern under formation on weekly chart 5. Major Price Supports as under: 20 SMA (daily ) 263 50 EMA (daily ) 264 20 SMA (weekly) 261 with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:ZOMATOLong
by rajivrajeev
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following 1. RSI on all time frames (i.e. D/W/M) above 60 2. Narrowing Bollinger Bands on daily chart with price walking on upper band 3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase 4. ABCD pattern under formation on weekly chart 5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool Lets see How it evolves Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:DIVISLABLong
by rajivrajeev
Dow theroy - NIfty50 !!NSE:NIFTY This chart represents a technical analysis of the Nifty 50 Index in the I-hour time frame, showing key phases and levels that traders monitor for decision-making. Here's the explanation in simpler terms: 1. Accumulation Zone: This is the area marked in the first shaded box where the price is moving sideways within a range (between support and resistance levels). • In this phase, big players (institutions) are likely accumulating (buying) before the next move. 2. Breakout to Manipulation: After the accumulation, the price broke out above the resistance level. However, this was followed by a sharp reversal downward. The sharp drop is labeled "Manipulation," where the market may have tricked traders into thinking the price was going higher, only to push it down. 3. Support Levels: • Several support levels are marked where the price found temporary stability and reversed upward. These areas indicate where buying pressure overcame selling. 4. Distribution Zone: • In the next shaded area, the price moved sideways again. This could indicate a "distribution" phase where institutions are selling off positions after the price increased. 5. Future Projection: The dotted line shows a possible future path where the price could rise again toward the distribution area (marked as potential resistance). Key Takeaways: Sideways Movement: Indicates areas of balance between buyers and sellers. Manipulation: A sharp move designed to trigger stop-loss orders or mislead traders. • Future Trend: The chart suggests a bullish (upward) move if the price sustains above current support levels. Traders can use these observations to plan entries or exits around support/resistance levels while being cautious of potential false breakouts.
NSE:NIFTYLong
by thetradeforecast
1
Zuari Agro for 60%+ gainsDate: 1 Dec’24 Symbol: ZUARI Timeframe: Weekly Zuari Agro Chemicals currently seems to be in Wave (iii) of III of a much larger third wave and is heading towards 400 (60%+ from current price of 240), as seen in the chart. Its ATH price is 690. The company in its Sept quarter results has posted highest net profit since March 2023. The stock is trading at a low PE of 5.6 while industry average is 18. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. Feel free to send in your views in comments or on X. HINGLISH VERSION Zuari Agro Chemicals vartamaan mein bahut badee 3rd Wave ke Wave III (iii) mein hai aur 400 (240 ki vartamaan keemat se 60%+) kee taraf badh raha hai, jaisa ki chart mein dekh sakte hain. Is stock ka all time high (ATH) 690 hai. Company ne apne Sept quarter results mein March 2023 ke baad se sabse adhik net profit kamaaya hai. Stock 5.6 ke kam PE par trade kar raha hai jabki industry average 18 hai. Yah koee bhavishyavaanee nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan khud karen. Aap apne views comment kar sakte hai yahan ya X (Twitter) pe.
NSE:ZUARILong
by DhandhaPaani
Gold Trading Strategy for 02nd December 2024Gold Trading Strategy Buying Strategy: Buy Trigger: Initiate a buy order if the price closes above the high of the candlestick at 2661. This suggests a potential upward momentum. Support Levels: 2632: A minor support level where the price might find temporary support. 2617: A stronger support level, indicating a possible reversal or consolidation zone. 2574: A major support level, suggesting a significant buying interest at this price. Selling Strategy: Sell Trigger: Initiate a sell order if the price closes below the low of the candlestick at 2646. This suggests a potential downward momentum. Resistance Levels: 2682: A minor resistance level where the price might face temporary resistance. 2705: A stronger resistance level, indicating a possible reversal or consolidation zone. 2725: A major resistance level, suggesting significant selling interest at this price. Disclaimer: This analysis is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should perform your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
pel swing trade for 2 monthsChart Pattern: Breakout of Inverted Head & Shoulders Volume: Strong, confirming breakout Risk-Reward Ratio: Favorable Trade Type: Swing trade for 2-3 months Entry Strategy: Buy after breakout confirmation Stop Loss (SL): ₹1050 Target: ₹1570 Monitor volumes and price action to confirm continuation. Adjust stop loss as the trade progresses. #PEL #TechnicalAnalysis #InvertedHeadAndShoulders #BreakoutTrading #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy
NSE:PELLong
by hunterhunt777
Advanced Trading The intended reason that companies or investors use options contracts is as a hedge to offset or reduce their risk exposures and limit themselves from fluctuations in price. Because options traders can also use options to speculate on price or to sell insurance to hedgers, they can be risky if used in those ways. In all, it is not gambling but is a type of speculation hence a government employee and PSU servants are not allowed to trade in options.
NSE:NIFTYEducation
by SkyTradingZone
Technical Analysis for Hindustan Aeronautics Limited (HAL): Technical Analysis for Hindustan Aeronautics Limited (HAL): Trade Type: Swing trade Key Levels: Last Support: Holding strong support Trendline Breakout: Confirmed Reversal: Bouncing off the 200 DEMA Nearby Fib Level: Close to the 61% Fibonacci retracement level Entry Strategy: Good risk-to-reward setup Stop Loss (SL): ₹3896 Targets: Target 1: ₹5655 Target 2: ₹6664 Monitor price action and volume closely for confirmation. Adjust stop loss and strategies as the trade progresses. #HAL #TechnicalAnalysis #SwingTrade #TrendlineBreakout #Fibonacci #StockMarket #TradingStrategy #RiskRewardRatio
NSE:HALLong
by hunterhunt777