ITI Getting Accumulated HeavilyNSE:ITI is getting Accumulated Heavily with Volumes since the Past 3 Breakouts I have given trade ideas earlier. It looks like this pattern will continue after it cools down again.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Trend Analysis
Potential Long Sector Turnaround - Nifty FMCG
Nifty FMCG has given a healthy correction of ~16% and is trading at a crucial make or break level.
Its following a broadening channel pattern and has reached the bottom level of the megaphone channel, which gives a favorable risk/reward ratio to initiate a position.
It has formed a head & shoulder pattern also, but its trading near the base of a major support level so the probability of this pattern turn around is low, this can potential lead to a trap which might be a favorable condition to initiate a long position, but as its a assumption position to be initiated with a strict SL if H&S pattern gets activated.
Long Position can be initiated in FMCG ETF once we gets a positive close or early entry can be initiated maintaining a strict SL.
Note: This is just for analysis purpose, please do your own research before punching any orders.
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Info Edge Limited - Breakout Setup, Move is ON...#NAUKRI trading above Resistance of 7465
Next Resistance is at 8877
Support is at 6338
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
State Bank of India view for Intraday #SBINState Bank of India view for Intraday #SBIN
Buying may witness above 804
Support area 794. Below ignoring buying momentum for intraday
Selling may witness below 794
Resistance area 800-804Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
TATACONSUM LevelAs of January 2, 2025, Tata Consumer Products Limited (TATACONSUM) closed at ₹929.65 on the National Stock Exchange (NSE), marking a 1.02% increase from the previous day.
In the daily time frame, the stock has been exhibiting a sideways movement, with no definitive momentum.
Analysts have identified a potential cup and handle pattern forming on the daily chart, suggesting a bullish continuation if the stock breaks above the ₹1,250 resistance level.
Key support levels are observed at ₹1,063 and ₹1,017, while resistance is noted near ₹1,250.
The stock's all-time high was ₹1,253.70 on March 11, 2024, and its all-time low was ₹42.80 on November 25, 2008.
Given the current technical indicators and chart patterns, monitoring the stock's movement around the ₹1,250 resistance level is crucial for potential bullish opportunities.
However, the sideways movement suggests caution, and investors should consider these factors alongside their risk tolerance and investment strategy.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
Avanti Feeds Showing Strength.NSE:AVANTIFEED today Crossed above Major Key Levels and Respecting 200 DEMA in this Weak Market and Currently Closed above 10 DSMA with Huge Volumes and RSI and MACD Showing Strength.
A move up to R1 and ATH Looks Possible Positionally until S1 and 200 DEMA is Protected.
NSE:AVANTIFEED manufactures and sells shrimp feed, and exports processed shrimp also it is the largest producer of shrimp feed in India with a market share of ~45% in the domestic feed business.
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✍️COMMENT Below your views.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Bullish Reversal - Inverse Head & Shoulders PatternInstrument: TATA Consultancy Services (TCS) - NSE
Timeframe: 1 Hour
Pattern : An Inverse Head and Shoulders pattern has formed, indicating a potential bullish reversal.
Key Observations :
The Inverse Head and Shoulders pattern is still forming, but entering early at the Right Shoulder can provide an improved risk-reward ratio
Early Entry Plan:
Entry: Near the Right Shoulder level at ₹4,080.
Stop Loss: Below the Head level at ₹3,990 (key support).
Target 1: ₹4,130 (Neckline resistance).
Target 2: ₹4,280 (mid-term target).
Target 3: ₹4,400 (pattern target).
Rationale for Early Entry:
Entering near the Right Shoulder minimizes the stop-loss distance while allowing for participation in the potential breakout.
Risk-Reward Ratio: Early entry improves the ratio significantly compared to waiting for a neckline breakout.
Indicators for Confirmation:
RSI Divergence: Look for RSI to stay above 40 to confirm bullish momentum.
Volume: Accumulation near the right shoulder level indicates stronger bullish interest.
Caution:
If price breaks below ₹3,990 (Head level), it invalidates the pattern.
HINDUNILVR levelsAs of January 2, 2025, Hindustan Unilever Limited (HINDUNILVR) closed at ₹2,322.10 on the National Stock Exchange (NSE).
In the daily time frame, the stock exhibits the following support and resistance levels:
Support Levels:
Immediate Support: ₹2,312.73
Short-Term Support: ₹2,330.45
Medium-Term Support: ₹2,290.90
Long-Term Support: ₹2,266.30
Resistance Levels:
Immediate Resistance: ₹2,329.63
Short-Term Resistance: ₹2,355.05
Medium-Term Resistance: ₹2,394.60
Long-Term Resistance: ₹2,419.20
These levels are derived from technical analysis tools such as pivot points and moving averages.
It's important to note that the stock has been trading below key moving averages, indicating potential bearish momentum.
Investors should monitor these support and resistance levels closely, as they can provide insights into potential entry and exit points.
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.
TATVA LONGElliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv) and (v) downside. Currently, the stock is undergoing correction wave (a), (b), and (c) in a daily time frame.
stock is currently in Wave (a).
Wave (a) will unfolded in five sub waves in red colour.
Wave iii (in red colour) of wave (a) will unfold in five sub waves ( in black circle) on the chart.
Wave levels are shown on the chart.
Level of Invalidation
The starting point of Wave (i) has been identified as the invalidation level at 788.5. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
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Dr Vineet
GBP/JPY 15-Minute Chart AnalysisKey Observations:
1. Descending Trendline Break:
- The price has broken above a descending trendline, signaling a potential bullish reversal.
2. Demand Zone:
- The price found support near the highlighted demand zone 196.430–196.600.
3. Bullish Setup:
- A long trade setup is active, with stop-loss set below 196.168 (extended stop-loss at 195.782) and multiple take-profit targets:
- Target 1: 197.271
- Target 2: 198.063
- Target 3: 198.815
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Trading Scenarios:
1. Bullish Continuation:
- If the price sustains above 196.600, it is likely to move toward 197.271. Breaking this resistance level could lead to further upward momentum targeting 198.063 and eventually 198.815.
2. Invalidation of Bullish Setup:
- If the price falls below 196.168, the bullish setup will be invalidated, and the pair might retest the previous low near 195.782.
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Trading Plan:
- Entry (Buy): Above 196.750, targeting 197.271 (first target) and 198.063 (second target) and 198.815 (third target).
- Stop-Loss: Below 196.168 for standard risk or 195.782 for extended risk.
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Stay disciplined with risk management and watch for any signs of rejection near resistance levels.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
USD/JPY 15-Minute Chart AnalysisKey Observations:
1. Trendline Break:
- The price broke the ascending trendline, indicating a potential shift in momentum.
2. Support Zone:
- The price is hovering around a key support area (156.500–156.650). If this zone fails, we could see further downside movement.
3. Bearish Setup:
- A bearish view can be taken with the stop-loss around 156.900 to 156.940 and the target near 154.03.
- This gives a favorable risk-to-reward ratio if the setup plays out.
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Trading Scenarios:
1. Bearish Continuation:
- If the price breaks below 156.500, it could confirm the bearish move towards 154.03.
- Watch for bearish momentum and volume to support the move.
2. Rejection and Reversal:
- If the support zone holds, the price might retest the resistance near 156.940 or higher, invalidating the bearish setup.
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Patience is key here; wait for clear confirmation of the breakout or rejection.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly. Happy Trading
Nifty Intraday Analysis for 3rd January 2025NSE:NIFTY
Index closed near 24190 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 36.59 Lakh 24500 Strike – 29.98 Lakh
24000 Strike – 23.56 Lakh
Put Writing
24000 Strike – 39.03 Lakh
23900 Strike – 36.22 Lakh
24200 Strike – 30.25 Lakh
Index has resistance near 24250 - 24300 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
Banknifty Intraday Analysis for 3rd January 2025NSE:BANKNIFTY
Index closed near 51605 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
53000 Strike – 13.54 Lakh
52000 Strike – 12.88 Lakh
51500 Strike – 7.82 Lakh
Put Writing
51000 Strike – 10.95 Lakh
51500 Strike – 10.53 Lakh
52000 Strike – 7.55 Lakh
Index has resistance near 52100 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range.
Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
HUDCO SHOWING BULLISHNESSHaving taken support hudco look like bullish green line shows support level it is bullish untill trading above first support,In case of failure there is a pattern INVERSE HEAD & SHOULDER may come in picture in weekly chart,Neckline of head and shoulder is clearely shown in the chart so whenever it failled to sustain above neckline this stock will draw this pattern so be carefull and keep trade,this is my view not buy/sell call that will be your own decision,
Natural gas sell on rise avoid any buy trade at cmp ,Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CRUDE oil levels sell below 6230 , avoid any buy at cmpDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin support 95000, resistance 98200 , avoid buy at cmpDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 30 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit