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Hindustan Zinc Time to Buy???Hindustan Zinc (HINDZINC) Analysis 🚀 After a Stage 2 breakout from ₹410 levels, the stock skyrocketed to ₹810, delivering a remarkable 100% return within a month. However, it has now retraced to its previous breakout zone of ₹410-₹415, signaling a potential Stage 4 decline. Currently, the stock is trading near the previous breakout zone, and two scenarios are in play: Scenario 1: Potential Double Bottom/W Pattern Formation If the stock forms a Double Bottom/W pattern and breaks out of the trendline, it could turn into a promising swing trade candidate. Entry: ₹482 (Safe traders can wait for a close above this level). Targets: T1: ₹575 (+19.5%, RR 1:1.23) T2: ₹716 (+48%, RR 1:3) T3: ₹810 (ATH, +68%, RR 1:4) Stop Loss: ₹410 (-16%) 💡 Why watch this scenario? The Risk-Reward ratio is favorable, and the breakout could indicate strength. If you feel compelled to trade, adding small quantities around the previous breakout levels of ₹410 could be a safer bet. Add only Test Quantities. Scenario 2: Breakdown Below ₹411 If the stock breaks below ₹411, it could re-enter the previous breakout base, with potential downside targets of ₹350-₹325. In this case, shorting opportunities might arise, but only if market sentiment aligns. Technical Overview 🔍 The stock is trading well below all key DMAs, indicating weakness. The Lower High-Lower Low (LH-LL) structure is intact with no signs of reversal yet. Overall market trend: LH-LL and trading below the 200 DMA. Any bounce could just be a natural pullback. Fundamentals 🧐 Hindustan Zinc recently posted decent quarterly results, but the broader market trend and technicals should guide your decisions here. Risks & Sugestions ⚠️ Risk Management: With a 16% risk on SL, position sizing is crucial. Avoid committing big capital without proper confirmation. Market Context: Be wary of overall market trends, as the broader market is still weak. Emotional Trading: Don’t get tempted by sudden spikes in the market. Always wait for confirmation. 👉 Pro Tip: Missing an opportunity is better than burning your capital. Start small to gauge strength before scaling your position. Educational Takeaway ✍️ This stock offers a good learning opportunity for breakout and retracement patterns. Add it to your watchlist but focus on risk management and position sizing. Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making any investment decisions.
NSE:HINDZINC
by sagartharayil
2
SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details: Buy Above 1445 Tp1 - 1565 Tp2 - 1670 Tp3 - 1800 Tp4 - 1920 SL - Below 1400 (Only to get started) Rationale : Multi Timeframe Analysis Shows: 1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle 2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support 3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles. Consolidation Zone - Trending move expected outside this Zone
NSE:SBILIFELong
by DrAnandM
EUR/CAD Bullish Momentum: Targeting 1.51+ !?📌 Key Observations: 1. Support Rejection ✅: The price has bounced off the support zone (highlighted in red), which was a critical level for a bullish continuation. This level is now acting as a launchpad for further upside. 2. Bullish Momentum 📈: The market structure suggests a strong uptrend, with recent bullish candles breaking through resistance. 3. Next Target 🎯: The green resistance zone at 1.51+ is the main target for buyers. The blue arrow indicates a potential move towards this level. 4. EMA 200 📉 (Red Line @ 1.48721): The price has successfully traded above the 200-day EMA, reinforcing bullish sentiment. 5. RSI (14) at 58.89 📊: The RSI is approaching the 60 level, showing bullish strength, but not yet overbought (above 70), meaning there’s still room for an upward move. 🔎 Potential Scenarios: If the price breaks 1.51, we could see a further push towards new highs. 🚀 If the price rejects from 1.51, a retracement to 1.50 or lower might happen before another attempt upwards. 🔄 🎯 Conclusion: The market is currently bullish, with a high probability of hitting the next resistance zone. Watch for confirmation near 1.51—a breakout could mean further gains, while rejection could signal a pullback.
Long
by MrStellanSight
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
FX:XAUUSDLong
by tradergyan01
EUR/GBP Bearish Momentum – Eyes on Support Zone!📊 EUR/GBP Daily Chart Analysis (28th Jan 2025) 🔹 Overview: Pair: EUR/GBP Current Price: 0.83855 📉 (-0.10%) Key Indicators: 200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment) Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400 Support Zone (🟢 Green Box): ~0.83200 - 0.83400 🔻 Bearish Outlook: Price recently rejected the resistance zone and started declining. It is now trading below the 200 EMA, suggesting potential further downside. Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level. 📉 Possible Scenarios: 1️⃣ Bearish Continuation ⬇️ If the price maintains momentum, it may head toward the support zone (~0.83200). A break below support could trigger further downside. 2️⃣ Bullish Rebound 🔄 If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible. A breakout above 200 EMA could shift momentum back to bullish. 🎯 Trading Considerations: Short Opportunity: Below 0.83800, targeting 0.83400. Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance. Breakout Watch: A move above 0.84200 could trigger bullish momentum. 🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
Long
by MrStellanSight
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 ⚠️
NSE:IRFCLong
by iVishalPal
Midnifty Intraday Analysis for 28th January 2025NSE:NIFTY_MID_SELECT Index closed near 11720 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 11.96 Lakh 11900 Strike – 6.48 Lakh 11800 Strike – 5.08 Lakh Put Writing 11500 Strike – 9.06 Lakh 11800 Strike – 6.53 Lakh 11400 Strike – 6.17 Lakh Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range. Index has immediate support near 11650 – 11600 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty Intraday Analysis for 28th January 2025NSE:NIFTY Index closed near 22930 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 85.62 Lakh 23300 Strike – 79.27 Lakh 23300 Strike – 71.29 Lakh Put Writing 22000 Strike – 100.54 Lakh 22500 Strike – 59.87 Lakh 23000 Strike – 54.46 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 23050 range and if this support is broken then index may tank near 23200 – 22250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 30th January 2025NSE:BANKNIFTY Index closed near 49165 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 24.61 Lakh 50500 Strike – 18.22 Lakh 49000 Strike – 16.11 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49550 – 49650 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48600 - 48500 range and if this support is broken then index may tank near 48000 - 47900 range.
NSE:BANKNIFTY
by RKMAURYA
Dixon Technologies Near Oversold Levels After Trendline BreakDixon Technologies (India) Ltd. has recently faced a heavy selling pressure triggered by the third quarter earnings results. The stock reported a whopping profit growth of 122% QoQ. Investors should monitor the stock's performance closely to identify optimal entry points. Key Points: 1. Uptrend Line Breach: The stock has broken below its established uptrend line, signaling a possible change in trend direction. 2. Potential Sideways or Corrective Movement: This breach suggests that the stock may enter a period of sideways movement or further correction. 3. Proximity to 180-Day Moving Average: The current price is near the 180-day moving average, indicating an oversold condition. 4. Buying Opportunity: Purchasing the stock near or below the 180-day moving average could be advantageous for investors.
NSE:DIXON
by yogeshwar
Nifty Intraday Analysis for 30th January 2025NSE:NIFTY Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 77.20 Lakh 23500 Strike – 76.50 Lakh 23300 Strike – 56.74 Lakh Put Writing 23000 Strike – 124.33 Lakh 22500 Strike – 102.56 Lakh 229800 Strike – 63.50 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Finnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 23045 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 3.05 Lakh 23250 Strike – 2.41 Lakh 23000 Strike – 2.35 Lakh Put Writing 22300 Strike – 2.67 Lakh 22400 Strike – 2.18 Lakh 22700 Strike – 2.00 Lakh Index has resistance near 23225 - 23275 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 11870 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12200 Strike – 25.54 Lakh 12200 Strike – 12.10 Lakh 12300 Strike – 11.12 Lakh Put Writing 11500 Strike – 9.21 Lakh 11600 Strike – 9.11 Lakh 11800 Strike – 7.54 Lakh Index has immediate resistance near 11975 – 12025 range and if index crosses and sustains above this level then may reach 12125 – 12175 range. Index has immediate support near 11750 – 11700 range and if this support is broken then index may tank near 11625– 11575 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty Intraday Analysis for 29th January 2025NSE:NIFTY Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh 23300 Strike – 67.06 Lakh Put Writing 23000 Strike – 103.33 Lakh 22900 Strike – 60.65 Lakh 22800 Strike – 55.79 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 29th January 2025NSE:BANKNIFTY Index closed near 48865 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 22.96 Lakh 49000 Strike – 15.60 Lakh 49500 Strike – 13.02 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49400 – 49500 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47800 - 47700 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 29th January 2025NSE:CNXFINANCE Index closed near 22805 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.14 Lakh 22900 Strike – 1.48 Lakh 22800 Strike – 1.37 Lakh Put Writing 22300 Strike – 2.40 Lakh 22500 Strike – 1.89 Lakh 22700 Strike – 1.79 Lakh Index has resistance near 22950 - 23000 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range. Index has immediate support near 22650 – 22600 range and if this support is broken then index may tank near 22450 – 22400 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 29th January 2025NSE:NIFTY_MID_SELECT Index closed near 11645 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 13.53 Lakh 11900 Strike – 7.54 Lakh 11800 Strike – 6.46 Lakh Put Writing 11600 Strike – 9.49 Lakh 11500 Strike – 7.35 Lakh 11400 Strike – 6.33 Lakh Index has immediate resistance near 11800 – 11850 range and if index crosses and sustains above this level then may reach 11900 – 11950 range. Index has immediate support near 11550 – 11500 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
EUR/JPY 4H Chart Analysis – Gap Fill Incoming?EUR/JPY 4H Chart Analysis 🏆📊 🚀 Current Price: 162.308 📍 200 EMA: 162.099 (Dynamic Support) 🔥 Key Levels & Insights: 🟥 Major Support Zone (Red Area - 162.000) ✅ Price recently bounced off this level, showing strong buying pressure. ✅ If price holds above 162.000, a bullish continuation is likely. 📈 Gap Zone (Orange - 163.000 - 163.500) 🔍 There’s a price imbalance above, meaning price could be drawn towards it. 🔼 Gaps act as magnets! A move up to fill the gap is likely. 📊 200 EMA (162.099) - Crucial Level 🚦 Price is hovering above the 200 EMA. If it remains above, we can expect further bullish momentum. 🔮 Price Prediction & Trade Idea 📌 If price breaks and holds above 162.500, expect a 🚀 move towards 163.500. 📌 Rejection from 163.500 could bring a pullback 📉 back to 162.500. 🚨 Risk Alert: 🔻 If price drops below 162.000, bears might take control, pushing it to 161.500 or lower. 💡 Final Thoughts: 👉 Bulls 🐂 need to break 162.500 to push towards 163.500. 👉 Bears 🐻 will gain control if price loses 162.000. 🔥 Verdict: ✅ Bullish Bias if price stays above 162.000. 🚀 Target: 163.500 (Gap Fill). 🔻 Invalidation: Below 162.000.
Long
by MrStellanSight
Banknifty Intraday Analysis for 28th January 2025NSE:BANKNIFTY Index closed near 48065 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 28.04 Lakh 48500 Strike – 13.18 Lakh 48000 Strike – 8.89 Lakh Put Writing 47000 Strike – 26.31 Lakh 48000 Strike – 14.97 Lakh 47500 Strike – 10.98 Lakh Index has resistance near 48400 – 48500 range and if index crosses and sustains above this level then may reach near 48900 – 49000 range. Index has immediate support near 47500 - 47400 range and if this support is broken then index may tank near 47000 - 46900 range.
NSE:BANKNIFTY
by RKMAURYA