Trend Lines
Camlinfine offers good Risk To Reward. Add to WL⚠️ HIGH-RISK, HIGH-REWARD OPPORTUNITY
Stock: CAMLINFINE
Time Frame: 🕒 Daily
🎯 Entry Strategy
📌 Entry Trigger: ₹133.6 (Wait for a weekly close above this level)
📈 Targets
T1: ₹144.4
T2: ₹168.8
T3: ₹186.2
ATH Potential: ₹231.39
🔻 Stop-Loss (SL): ₹111.7 (16% risk)
🔍 Technical Highlights
📐 Trendline Breakout followed by a healthy consolidation.
Formation of a ☕ Cup & Handle pattern—indicative of bullish momentum.
🔄 Inverse Head & Shoulders, signaling a potential trend reversal.
⚠️ Risks to Consider
Weak fundamentals, with poor ROE and ROCE.
Volume needs significant improvement for sustained momentum.
💡 Why This Could Work
If this marks the start of a trend reversal, the potential reward is substantial.
However, this is a high-risk bet, so position sizing and risk management are absolutely critical.
Nifty Intraday Analysis for 26th December 2024NSE:NIFTY
Index closed near 23730 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 119.13 Lakh 23800 Strike – 77.03 Lakh
24900 Strike – 56.41 Lakh
Put Writing
23500 Strike – 92.01 Lakh
23700 Strike – 66.12 Lakh
23800 Strike – 60.35 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Banknifty Intraday Analysis for 26th December 2024NSE:BANKNIFTY
Index closed near 51235 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 6.81 Lakh
51500 Strike – 5.83 Lakh
52500 Strike – 4.08 Lakh
Put Writing
51500 Strike – 6.66 Lakh
51000 Strike – 5.77 Lakh
52000 Strike – 4.90 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
Finnifty Intraday Analysis for 26th December 2024NSE:CNXFINANCE
Index closed near 23740 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 3.14 Lakh
23800 Strike – 2.67 Lakh
23900 Strike – 2.22 Lakh
Put Writing
23800 Strike – 2.36 Lakh
24000 Strike – 2.29 Lakh
23500 Strike – 2.28 Lakh
Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
Midnifty Intraday Analysis for 26th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12800 Strike – 12.51 Lakh
13000 Strike – 9.48 Lakh
12900 Strike – 8.03 Lakh
Put Writing
12800 Strike – 6.65 Lakh
12700 Strike – 4.97 Lakh
12600 Strike – 3.79 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
No CLEAR DIRECTION As we can see BANKNIFTY had been sluggish since quite some time now and expected to remain the same. Following the global index, it can open strong but likely to stay sluggish throughout the day until it breaks either side of the mother candle for directional rally so plan your trades accordingly and keep watching.
Trading Idea for Nuvama!📊 Technical Setup:
The stock is in an uptrend, respecting the rising trendline (📈 marked with arrows).
EMA indicators (20, 50, and 200) are well-aligned ✅, confirming a bullish bias.
The price has recently bounced from the trendline support, showing strong buying interest 🛡️.
💡 Entry Point:
Buy Zone: Around ₹6,800–₹6,850 (current levels) 📍, aligning with the trendline and EMA support.
⛔ Stop-Loss:
Place a stop-loss below the recent swing low at ₹6,730 ❌. This level invalidates the setup if breached.
🎯 Targets:
Target 1: ₹7,100 (near the previous resistance zone) 🥇.
Target 2: ₹7,400 (higher resistance zone, aligning with the rectangle breakout zone) 🥈.
⚖️ Risk-to-Reward Ratio:
For an entry near ₹6,850 with a stop-loss at ₹6,730:
Target 1 (₹7,100): Reward = ₹250 → Risk-to-Reward = 1:2.08 ✅
Target 2 (₹7,400): Reward = ₹550 → Risk-to-Reward = 1:4.58 ✅✅
📌 Logic:
The uptrend is supported by multiple trendline bounces 🔄, indicating strong demand.
Price has held above the 50 EMA 📐, a sign of sustained bullish momentum.
Volume spike near the trendline suggests institutional buying 💰.
⚠️ Caution:
Avoid buying if the price closes below ₹6,730 🚨.
Keep an eye on overall market sentiment 🌐, as external factors can influence stock movement.
NIFTY Intraday Trade Idea for 26 Dec 2024Give the nifty volatility and FII's not much involved in trading.
It seems like NIFTY would remain range bound.
Sharing my trade idea around important levels in case of flat open and gap open.
breaking above 23775 can give decent upmove.
Break below 650 can open window for 23200.
Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then.
FIIs have sold more than 1.3 lakh crore of equity in last 40 days.
Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension.
On the downside:-
Below 23900, I am expecting at least 23300 which is near the trendline support.
On the upside:-
24300, 24800 & 25000 would act as a strong resistance.
Current view is sideways to bearish till 25000 is breached on weekly closing basis
Till then, market will remain on sell at high.
UBL Looking Good For A SwingNSE:UBL is Looking Good for a Short-Term Swing With RSI and MACD Trending Up and Price Action Crossing Key Levels respecting Upward Trendline.
📌Thank you for exploring my idea! I hope you found it valuable.
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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.
Trend Reversal in Aarti DrugsNSE:AARTIDRUGS is showing signs of Trend Reversal Although Still below 100 DSMA and Key Levels if it closes above it and Sustains Those Levels We can see New Highs Quickly, as it broke a Major Trendline with MACD Showing Buy Signal.
Today it increased by 12% on the back of US FDA Clearance of its API Facility at Tarapur.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
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.
Nifty Intraday Analysis for 24th December 2024NSE:NIFTY
Index closed near 23755 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 124.17 Lakh 23800 Strike – 67.11 Lakh
24900 Strike – 53.40 Lakh
Put Writing
23500 Strike – 101.17 Lakh
23700 Strike – 53.90 Lakh
23800 Strike – 47.69 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Banknifty Intraday Analysis for 24th December 2024NSE:BANKNIFTY
Index closed near 51320 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
52000 Strike – 30.38 Lakh
51500 Strike – 30.35 Lakh
52500 Strike – 25.81 Lakh
Put Writing
51000 Strike – 24.98 Lakh
50000 Strike – 22.35 Lakh
50500 Strike – 13.40 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
Finnifty Intraday Analysis for 24th December 2024NSE:CNXFINANCE
Index closed near 23785 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 2.92 Lakh
23900 Strike – 1.38 Lakh
24200 Strike – 1.31 Lakh
Put Writing
23500 Strike – 1.68 Lakh
24000 Strike – 1.47 Lakh
23750 Strike – 1.39 Lakh
Index has resistance near 23950 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
Midnifty Intraday Analysis for 24th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 9.46 Lakh
12900 Strike – 6.93 Lakh
12800 Strike – 6.89 Lakh
Put Writing
12500 Strike – 6.71 Lakh
12800 Strike – 5.49 Lakh
12700 Strike – 4.70 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.