Nifty Intraday Analysis for 11th November 2025NSE:NIFTY
Index has resistance near 25750 – 25800 range and if index crosses and sustains above this level then may reach near 26000 – 26050 range.
Nifty has immediate support near 25400 – 25350 range and if this support is broken then index may tank near 25150 – 25100 range.
Trend Lines
Banknifty Intraday Analysis for 11th November 2025NSE:BANKNIFTY
Index has resistance near 58300 – 58400 range and if index crosses and sustains above this level then may reach near 58800 – 58900 range.
Banknifty has immediate support near 57500 - 57400 range and if this support is broken then index may tank near 57000 - 56900 range.
Finnifty Intraday Analysis for 11th November 2025 NSE:CNXFINANCE
Index has resistance near 27500 - 27550 range and if index crosses and sustains above this level then may reach near 27750 - 27800 range.
Finnifty has immediate support near 27100 – 27050 range and if this support is broken then index may tank near 26900 – 26850 range.
Midnifty Intraday Analysis for 11th November 2025NSE:NIFTY_MID_SELECT
Index has immediate resistance near 13625 – 13650 range and if index crosses and sustains above this level then may reach 13800 – 13825 range.
Midnifty has immediate support near 13400 – 13375 range and if this support is broken then index may tank near 13250 – 13225 range.
Bharat Forge (D): Strongly Bullish, Multi-Resistance BreakoutThis is a high-conviction breakout event. The stock has decisively broken out of a 17-month corrective pattern, shattering two major resistance levels simultaneously. This move is supported by a powerful confluence of bullish indicators across all timeframes and is underpinned by strong fundamental results.
📈 1. The Long-Term Context
- The Correction: After hitting its All-Time High (ATH) in June 2024 , the stock entered a 10-month corrective downtrend.
- The Reversal: This trend reversed in April 2025 , and the stock began a new recovery.
- The Consolidation: This recovery was capped by two distinct resistance levels, forcing the stock into a consolidation phase where, volume was drying up (a sign of accumulation).
🚀 2. The Decisive Breakout (Today's Action)
Today, the stock broke this stalemate with explosive force:
- The Surge: A powerful +5.55% rally on high-conviction volume of 4.81 Million shares.
- The Dual Breakout: This move shattered both key resistance levels at once:
1. The long-term angular resistance (from the June 2024 ATH).
2. The short-term horizontal resistance (from June 2025, at the ₹1,362 level).
- The Catalyst: This technical breakout is supported by strong Q2 earnings, which act as a fundamental driver, giving the move a higher probability of success.
📊 3. Confluence of Bullish Indicators
This breakout is not isolated. It is confirmed by a rare "trifecta" of bullish signals on Daily, Weekly, and Monthly timeframes:
- RSI: The Relative Strength Index is rising on all three timeframes .
- EMAs: The short-term Exponential Moving Averages are in a "PCO" (Price Crossover) state on all three timeframes .
- SMAs: A recent SMA Golden Cross (50-day crossing 200-day) is active, confirming the new long-term uptrend.
🎯 4. Future Scenarios & Key Levels to Watch
This breakout provides a very clear road map based on identified levels:
🐂 The Bullish Case (Momentum Continues)
- Trigger: If the current momentum is sustained, the stock is in a new uptrend.
- Target 1 (Short-Term): ₹1,525
- Target 2 (Medium-Term): ₹1,625
🐻 The Pullback Scenarios
- Scenario A (Healthy Re-test): The momentum pauses, and the stock pulls back to test the "resistance-turned-support" level at ₹1,362 . A bounce from here would be a textbook confirmation and a secondary buying opportunity.
- Scenario B (Breakout Failure): If the breakout is a "fakeout," the stock will fail to hold ₹1,362 and will likely fall to the next major support level at ₹1,305 .
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 POLYMED
BUY TODAY SELL TOMORROW for 5%
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 LATENTVIEW
BUY TODAY SELL TOMORROW for 5%
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 LUMAXTECH
BUY TODAY SELL TOMORROW for 5%
How to Use Candlestick Patterns in TradingA candlestick represents price movement for a given time frame.
It shows:
Open price – where the candle started
Close price – where the candle ended
High price – the top point (shadow or wick)
Low price – the bottom point (shadow or wick)
👉 If the close price > open price, it’s a bullish candle (often green or white).
👉 If the close price < open price, it’s a bearish candle (often red or black).
Understanding The Premium Chart Patterns 1. Hedging: To protect against losses in existing positions.
Example: If you own Nifty stocks but fear a market fall, buying a put option acts as insurance.
2. Speculation: To profit from expected price movements with limited risk.
Example: Buying a call if you expect prices to rise.
3. Income Generation: Selling (writing) options to earn a premium — the price paid by the buyer of the option.
Advanced Option Trading StrategiesHedging and Portfolio Protection Strategies
Options are not just for speculation; they are powerful tools for hedging existing stock portfolios. Hedging means protecting against potential losses due to adverse price moves.
Popular Hedging Techniques:
Protective Put: Buy a put option against long stock holdings to limit downside.
Collar Strategy: Hold stock, sell a call, and buy a put — ideal when you expect limited movement.
Index Options for Portfolio Hedge: Traders holding multiple stocks often hedge using Nifty or Bank Nifty puts instead of individual stock options.
Part 12 Trading Master ClassImportance of Time Decay (Theta)
Another vital concept in options trading is Theta, which measures how much the value of an option decreases as it approaches expiry — this is called time decay.
Buyers of options lose value daily because the time value erodes.
Sellers (writers) benefit from time decay as they collect premium that melts away if the market remains range-bound.
Part 11 Trading Master ClassTaxation and Regulations in India
In India:
Profits from options trading are treated as business income.
Traders must file under F&O income while filing Income Tax.
Options trading is regulated by SEBI and executed through NSE/BSE.
Always ensure you trade only through authorized brokers and maintain proper records for compliance.
Part 9 Trading Master ClassChoosing the Right Strategy
Selecting the right options strategy depends on three factors:
Market Outlook:
Bullish → Long Call, Bull Call Spread, Short Put
Bearish → Long Put, Bear Put Spread, Covered Call
Neutral → Iron Condor, Butterfly, Short Straddle
Volatility:
High volatility → Buy options (Straddle, Strangle)
Low volatility → Sell options (Condor, Credit spreads)
Risk Appetite:
Low-risk → Spreads
Medium-risk → Covered/Protective positions
High-risk → Naked calls/puts
Part 10 Trade Like InstitutionsAdvanced Option Strategies
a) Butterfly Spread
Market View: Very Neutral (Expecting Minimal Movement)
Action: Buy 1 lower strike call + Sell 2 middle strike calls + Buy 1 higher strike call.
It profits if the market remains near the middle strike.
Risk: Limited.
Reward: Limited but high probability of success.
b) Calendar Spread
Market View: Expecting Low Short-Term Volatility but High Long-Term Movement
Action: Sell near-month option + Buy next-month option of same strike.
Used by professional traders to take advantage of time decay differences between expiries.
Part 8 Trading master Class Types of Option Trading Strategies
Options strategies are broadly divided into single-leg and multi-leg strategies.
Single-leg strategies: Involve buying or selling one option.
Multi-leg strategies: Combine two or more options (calls and puts) to create structured trades for specific market conditions.
Let’s discuss each category in detail.
DATAPATTNS 1 Day Time Frame 📋 Key Levels
Accumulated-volume support: ≈ ₹2,576.90.
Fibonacci-based support levels: ~ ₹2,514.67 & ~ ₹2,545.65.
Short-term support (MarketScreener): ~ ₹2,541.40.
Resistance: ~ ₹2,806.80 (accumulated volume)
Short-term resistance (MarketScreener): ~ ₹2,842.
Moving averages:
20-day EMA ~ ₹2,750.69.
50-day EMA ~ ₹2,720.79.
BHARATFORG 1 Week TIme Frame 🔍 Current Snapshot
Latest price approx ₹1,320 (rounded) as per recent quotes.
52-week range: ~₹919 (low) to ~₹1,482 (high).
Valuation: P/E ~60x and P/B ~6–7x.
Key sectors: auto-ancillaries, defence & aerospace.
📉 Key Technical Levels (Short-Term, ~1 Week)
Based on support/resistance and recent trading behaviour, here are levels to watch:
Support: around ₹1,250-1,260. If the price drops and finds buying interest, this is a potential floor zone.
Resistance: near ₹1,350-1,370. If momentum builds, breaking above this could open for further short-term upside.
Watch for range-bound behaviour: If neither major catalyst nor breakdown happens, expect the stock to oscillate between ~₹1,260 and ~₹1,350 in the coming week.
WELSPUNLIV 1 Day Time Frame📌 Current price
Last seen around ₹129–130.
The 52-week high is ~ ₹180.70 and the 52-week low ~ ₹104.80.
📊 Key 1-day support & resistance / pivots
From recent technical data:
Daily pivot (central) around ~ ₹131.08.
Support levels (approx):
S1 ~ ₹129.07
S2 ~ ₹125.88
Resistance levels (approx):
R1 ~ ₹134.27
R2 ~ ₹136.28
INDUSINDBK 1 Day Time Frame Level 🔍 Current snapshot
Latest live price: ~ ₹825.00.
Today’s approximate range: Low ~ ₹792.80, High ~ ₹826.00.
52-week range: Low ~ ₹606.00, High ~ ₹1,086.55.
📈 Key support & resistance levels
Support zone: ~ ₹790-₹800 — because price has held above ~₹792 today and that region shows earlier low of day.
Immediate resistance: ~ ₹825-₹830 — since the current price is around ₹825; breaking above that may open up.
Stronger resistance: ~ ₹850+ — if momentum builds, aim toward next psychological level.
Deeper support: if price falls below ₹790, next meaningful support could be ~ ₹760-₹770 (not precisely calculated but logical given range).
FINCABLES 1 Day View 📌 Current Price Snapshot
Latest close around ₹ 785.40.
Day’s trading range: roughly ₹ 784 – ₹ 793.95.
52-week range: low ~ ₹ 779.80, high ~ ₹ 1,342.75.
🧭 Key Technical Levels to Watch
Support zone: ~ ₹ 780–790 — price is near its 52-week low and this band may act as immediate support.
Resistance zone: ~ ₹ 800–810 — recent highs in this area, so a breakout above this could be meaningful.
If support breaks: A decisive break below ~₹ 780 could open downside risk; monitor volume.
If resistance breaks: A strong move above ~₹ 810 with volume could target next levels (₹ 820-850+), though those are less “immediate” on one-day timeframe.
✅ What to monitor today
Closing price relative to the above levels (did it hold above support or test resistance?).
Volume — whether any breakout/breakdown is backed by increased activity.
Price reaction around the ₹ 780-790 support band: a bounce could indicate strength; a failure might signal weakness.
Technical Analysis and Chart PatternsIntroduction
Technical analysis is a cornerstone of modern trading and investing. It involves studying price charts and market data to forecast future price movements. Unlike fundamental analysis, which focuses on financial statements, earnings, and economic indicators, technical analysis revolves around price action, volume, and market psychology. It assumes that all relevant information is already reflected in the price, and history tends to repeat itself through recognizable chart patterns and trends.
Core Principles of Technical Analysis
Technical analysis operates on three main principles:
Price Discounts Everything:
All known information—economic data, earnings, market sentiment, or political events—is already factored into the stock price. Therefore, analyzing price action alone can reveal the collective behavior of market participants.
Price Moves in Trends:
Markets rarely move randomly. Prices tend to move in identifiable trends—upward, downward, or sideways. Recognizing these trends early allows traders to position themselves advantageously.
History Repeats Itself:
Human psychology drives markets—fear, greed, hope, and panic repeat across generations. Therefore, patterns formed in the past tend to recur, providing clues about future price action.
Types of Technical Charts
Before identifying patterns, one must understand chart types used in technical analysis:
Line Chart:
It connects closing prices over a specific period, providing a simple view of the trend.
Bar Chart:
Each bar represents the open, high, low, and close (OHLC) for a given period. It gives more insight than a line chart.
Candlestick Chart:
The most popular chart among traders, candlesticks visually show market psychology. A bullish candle (close > open) is often green or white, while a bearish candle (close < open) is red or black.
Candlestick formations help identify reversals and continuations in price.
Trend Analysis
A trend is the general direction of price movement. It can be classified as:
Uptrend: Series of higher highs and higher lows.
Downtrend: Series of lower highs and lower lows.
Sideways/Range: Prices oscillate between support and resistance.
Traders use trendlines and channels to visualize and trade along the trend. The saying “Trend is your friend” highlights the importance of trading with the prevailing direction rather than against it.
Key Tools in Technical Analysis
Support and Resistance Levels:
Support: A price level where buying pressure prevents further decline.
Resistance: A level where selling pressure halts price advances.
When a resistance is broken, it can turn into new support and vice versa.
Moving Averages:
They smooth out price data to identify trend direction.
Simple Moving Average (SMA) – average of closing prices over a period.
Exponential Moving Average (EMA) – gives more weight to recent prices.
Common crossovers like the Golden Cross (short-term MA crosses above long-term MA) and Death Cross (short-term MA crosses below long-term MA) indicate trend reversals.
Volume Analysis:
Volume measures market participation. Increasing volume confirms the strength of a trend, while declining volume may signal weakening momentum.
Indicators and Oscillators:
Tools like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Bollinger Bands, and Stochastic Oscillator help identify overbought/oversold conditions, momentum shifts, and trend confirmation.
Chart Patterns in Technical Analysis
Chart patterns are visual formations created by price movements. They represent the psychological struggle between buyers and sellers and help traders predict potential outcomes.
Patterns are generally divided into reversal patterns and continuation patterns.
1. Reversal Patterns
These indicate that a current trend is likely to change direction.
a. Head and Shoulders
One of the most reliable reversal patterns.
Appears at the end of an uptrend.
Consists of three peaks: a higher middle peak (head) between two smaller ones (shoulders).
Neckline break confirms a bearish reversal.
Inverse Head and Shoulders appears at the bottom of a downtrend and signals a bullish reversal.
b. Double Top and Double Bottom
Double Top: Price hits a resistance twice, forming an “M” shape, signaling a bearish reversal.
Double Bottom: Price touches support twice, forming a “W” shape, indicating a bullish reversal.
c. Triple Top and Triple Bottom
Similar to double patterns but with three peaks or troughs. They confirm stronger reversals after multiple failed attempts to break support/resistance.
d. Rounding Bottom (Saucer Bottom)
Indicates a gradual shift from bearish to bullish sentiment over time. Common in long-term trend reversals.
e. Falling and Rising Wedges
Falling Wedge: Occurs during a downtrend and signals a bullish reversal.
Rising Wedge: Forms during an uptrend and signals a bearish reversal.
The breakout direction typically opposes the wedge slope.
2. Continuation Patterns
These suggest that the existing trend will continue after a brief pause or consolidation.
a. Triangles
Ascending Triangle: Horizontal resistance with rising support. Usually bullish.
Descending Triangle: Horizontal support with falling resistance. Usually bearish.
Symmetrical Triangle: Converging trendlines; breakout can occur in either direction.
b. Flags and Pennants
Flags: Small rectangular consolidations that form after a sharp move (flagpole). Breakout in the same direction resumes the prior trend.
Pennants: Similar to flags but shaped like small symmetrical triangles.
c. Rectangles (Price Channels)
When price oscillates between parallel support and resistance lines, it indicates accumulation or distribution. A breakout determines the next direction.
d. Cup and Handle
Looks like a tea cup: a rounded “cup” followed by a small “handle” consolidation. A breakout above the handle signals bullish continuation.
Candlestick Patterns
In addition to chart patterns, candlestick patterns offer short-term trading signals:
Bullish Engulfing: Large bullish candle engulfs the previous bearish candle—signals buying momentum.
Bearish Engulfing: Large bearish candle engulfs the previous bullish one—signals selling pressure.
Doji: Open and close prices are nearly equal, indicating indecision.
Hammer & Inverted Hammer: Found at bottoms, indicating potential reversals.
Shooting Star: Appears at tops, suggesting bearish reversal.
Combining Patterns with Indicators
Professional traders often combine chart patterns with technical indicators for confirmation.
Example:
A head and shoulders pattern confirmed by falling RSI strengthens the bearish outlook.
A cup and handle confirmed by rising volume adds validity to a bullish move.
This multi-factor approach reduces false signals and increases accuracy.
Advantages of Technical Analysis
Quick Decision-Making: Real-time charts provide instant trading opportunities.
Universal Application: Works across stocks, forex, commodities, and crypto.
Captures Market Psychology: Reflects fear and greed through patterns.
Supports Short-Term Trading: Ideal for day traders and swing traders.
Limitations of Technical Analysis
Subjectivity: Two traders may interpret the same chart differently.
False Breakouts: Patterns may fail, especially in volatile markets.
Lagging Indicators: Some tools like moving averages react after price changes.
No Fundamental Insight: It ignores earnings, news, and macroeconomic data.
Conclusion
Technical analysis is both an art and a science. By studying chart patterns, trends, and indicators, traders can anticipate potential price moves with greater confidence. However, success in technical analysis demands discipline, patience, and risk management. Patterns don’t guarantee results; they only increase probabilities. Combining chart patterns with volume analysis, market context, and proper stop-loss strategies creates a strong foundation for consistent profitability.
Ultimately, mastering technical analysis means understanding how market psychology shapes price movements—and using that knowledge to stay one step ahead of the crowd.






















