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Midnifty Intraday Analysis for 13th January 2025NSE:NIFTY_MID_SELECT Index closed near 12285 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 4.06 Lakh 12400 Strike – 1.46 Lakh 12300 Strike – 1.40 Lakh Put Writing 12500 Strike – 4.82 Lakh 12300 Strike – 2.81 Lakh 12400 Strike – 2.35 Lakh Index has immediate resistance near 12375 – 12425 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12175 – 12125 range and if this support is broken then index may tank near 12025 – 11925 range. Gap down opening expected in anticipation of slow down in rate cut in US due to good employment data released on Friday evening.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty Long-Term Outlook: Should You Pause Your Investments?The Nifty has clearly closed below its 1-year term trendline, the next support level around 23,100. It's important to note that the Nifty has a significant 4-year long-term trendline, which serves as a final support level. According to the harmonic AB=CD pattern, the price target aligns with both the completion of the AB=CD pattern and the long-term trendline. This confluence leads me to expect a substantial reversal from that point.
NSE:NIFTY
by DragonFly-Trading
1
ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDETHUSD SHOWING A GOOD DOWN 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
CRYPTO:ETHUSDShort
by tradergyan01
3
Rainbow Hospitals - Rising Wedge PatternRainbow Hospitals is making a Rising Wedge Pattern which is a bullish pattern and as per it we can expect Target of 2500+. Other factors: 1. One of the best Pediatric Hospital Chain in India. 2. Fundamentally strong stock with QnQ great results 3. Capacity expansion of 50%+ bed increase with state of art hospital in Gurgaon 4. Acquisition of hospitals in north east & Hyderabad 5. Technically a rising wedge pattern which is a bullish pattern Based on fundamentals & technical analysis this stocks is looking great. Do keep in your radar!! Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price!! Cheers!!!
NSE:RAINBOWLong
by Cleaneasycharts
Delta Air Lines (DAL) - Breakout Play with Strong Volume ConfirmKey Observations: Breakout Zone: DAL has broken above a significant resistance level at $67.87, with a strong bullish candle and a 9% gain in one day. Volume Spike: A substantial volume increase indicates strong buying interest and institutional participation. Risk/Reward Setup: Entry Price: $67.87 (breakout level) Target Price: $95.07 (potential upside of ~39.6%). Stop Loss: $55.45 (below support zone). Risk/Reward Ratio: 2.14 Moving Averages Support: The stock is trading above key moving averages, showing a positive trend shift. Trade Plan: Bullish Case: If the stock sustains above the breakout level, the next target zone lies near $95, aligning with historical resistance levels. Bearish Case: If the breakout fails and the price falls below $61.54, it may retest lower support at $55.45. Disclaimer: This idea is for educational purposes only. Please conduct your own research before making any investment decisions.
NYSE:DALLong
by prasadrana111
2
Positional or Longterm Opportunity in GAILGo Long @ 188.55 for Targets of 208, 221.15, and 237.45 with SL 180.4 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:GAILLong
by Nimish_Ghagare
RELIANCE Buy Set Up!!! The price is approaching a critical support zone around ₹1,258, aligned with a long-term trendline. This confluence of trendline support and historical price action creates a strong potential reversal area. If the price holds this zone, a bullish move towards ₹1,522 (+21%) could be expected over the next 148 days. 📈 Key Levels: - Support: ₹1,258 - Resistance: ₹1,522 - Current Price: ₹1,241.90 ✅ Potential bullish setup with risk-reward favoring a bounce from support. *Disclaimer: This is for educational purposes only, not financial advice.*
NSE:RELIANCELong
by Shivam_Mandrai
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up. Technical Confirmations: Trendline Break Ascending Triangle Breakdown Lower Lows Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility) Target : Open/Mentioned. STOP Loss : 1275/Swing High How do you find this analysis? Follow for more actionable trade ideas like this! Happy Trading !!
NSE:ICICIBANKShort
by Vikrant_Mighty
4
uptrend stock MGLMahanagar Gas Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 12,703.81 Crore) operating in Gas & Petroleum sector. Mahanagar Gas Ltd. key Products/Revenue Segments include Gas Natural, Other Operating Revenue and Pipes & Fittings for the year ending 31-Mar-2024. For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 1,833.18 Crore, up 7.74 % from last quarter Total Income of Rs 1,701.41 Crore and up 13.53 % from last year same quarter Total Income of Rs 1,614.64 Crore. Company has reported net profit after tax of Rs 283.50 Crore in latest quarter.
NSE:MGLLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 10th January 2025NSE:NIFTY Index closed near 23525 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 43.13 Lakh 23800 Strike – 34.42 Lakh 23700 Strike – 28.87 Lakh Put Writing 23000 Strike – 31.17 Lakh 23500 Strike – 26.31 Lakh 23600 Strike – 24.72 Lakh Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23900 - 23950 range. Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 10th January 2025NSE:BANKNIFTY Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 16.90 Lakh 50000 Strike – 10.97 Lakh 50500 Strike – 7.06 Lakh Put Writing 49000 Strike – 12.17 Lakh 50000 Strike – 11.40 Lakh 49500 Strike – 7.72 Lakh Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range. Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 44500 - 48400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 10th January 2025NSE:CNXFINANCE Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.70 Lakh 23700 Strike – 0.63 Lakh 23400 Strike – 0.46 Lakh Put Writing 23000 Strike – 1.55 Lakh 23100 Strike – 0.33 Lakh 23200 Strike – 0.32 Lakh Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 23300 - 23350 range. Index has immediate support near 22950 – 22900 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 10th January 2025NSE:NIFTY_MID_SELECT Index closed near 12480 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12600 Strike – 3.19 Lakh 12700 Strike – 2.77 Lakh 12500 Strike – 2.52 Lakh Put Writing 12500 Strike – 4.73 Lakh 12600 Strike – 2.40 Lakh 12700 Strike – 2.26 Lakh Index has immediate resistance near 12600 – 12650 range and if index crosses and sustains above this level then may reach 12750 – 12800 range. Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
HBL Engineering: Key Support LevelsHBL Engineering is currently at a strong support level, sitting on a trendline, which could indicate a potential bounce. The stock has declined 22% from its all-time high, making it an interesting option for investors. Fundamental Points for HBL Engineering (2024): Market Capitalization: Approximately ₹6,500 crore. P/E Ratio: Around 48.4, indicating a premium valuation. Return on Equity (ROE): Strong at 23.01%, reflecting excellent profitability. Revenue Growth: Impressive annual growth of 62.39%, outperforming historical averages. Low Interest Expense: Less than 1% of operating revenues spent on interest, indicating financial efficiency. With solid fundamentals and current pricing near key support levels, HBL Engineering may present a viable opportunity for investors.
NSE:HBLENGINE
by DragonFly-Trading
Engineers India: Key Support LevelsEngineers India is currently at a strong support level, and a confirmation of a strong close over the next day could indicate a potential bounce. The stock is positioned well, and if it maintains this support, it may present a buying opportunity. Fundamental Points for Engineers India (2024): Market Capitalization: Approximately ₹10,160 crore. P/E Ratio: Around 27.66, suggesting a moderate valuation. Return on Equity (ROE): Approximately 13.5%, indicating reasonable profitability. Dividend Yield: About 1.65%, providing some income to investors. Recent Performance: The stock has seen fluctuations, with a 52-week range of ₹170 to ₹304. With solid fundamentals and current pricing near key support levels, Engineers India may be an attractive option for investors looking for potential rebounds.
NSE:ENGINERSIN
by DragonFly-Trading
DCB Bank: Potential Bounce at Key Support LevelsDCB Bank is currently positioned at a strong support level, coinciding with a trendline and the Value Area Level (VAL) in the volume profile. This alignment suggests a potential bounce from these levels. If the stock breaks above the trendline and reaches the Value Area High (VAH), a 30% upward movement could be expected. Fundamental Points for DCB Bank (2024): Market Capitalization: Approximately ₹3,621 crore. P/E Ratio: Around 6.36, indicating it may be undervalued. Return on Equity (ROE): Approximately 11.1%, reflecting decent profitability. Gross NPA Ratio: Stands at 3.23%, indicating manageable asset quality. Advances Growth: Reported a year-on-year increase of 19%, showcasing strong loan growth. With solid fundamentals and current pricing near key support levels, DCB Bank presents an interesting opportunity for investors.
NSE:DCBBANK
by DragonFly-Trading
Sundaram Fasteners: Potential Buying OpportunitySundaram Fasteners is currently at a strong support level around ₹1,000, having declined 30% from its all-time high. This presents a potential buying opportunity for investors. Fundamental Points for Sundaram Fasteners (2024): Market Capitalization: Approximately ₹22,566 crore. P/E Ratio: Around 43.26, indicating a premium valuation. Return on Equity (ROE): Approximately 16.33%, reflecting good profitability. Debt-to-Equity Ratio: Low at 0.18, suggesting strong financial stability. Dividend Yield: About 0.64%, providing some income to investors. With solid fundamentals and current pricing near key support levels, Sundaram Fasteners may be an attractive investment opportunity for cautious investors.
NSE:SUNDRMFAST
by DragonFly-Trading
Jaiprakash Power Ventures:Support and Investment InsightsJaiprakash Power is currently at a strong support zone, making it an opportune time for investors to consider entry. There are three entry zones recommended for splitting investments. As a micro-cap stock, it’s advisable to allocate minor capital. Fundamental Points for Jaiprakash Power (2024): Market Capitalization: Approximately ₹12,110 crore. P/E Ratio: Around 8.93, indicating reasonable valuation. Return on Equity (ROE): Approximately 13.68%, reflecting decent profitability. Debt-to-Equity Ratio: Low at 0.33, suggesting sound financial health. Recent Performance: The stock has delivered a profit growth of 39.8% CAGR over the last five years.
NSE:JPPOWER
by DragonFly-Trading
Apollo Tyres: Potential BounceApollo Tyres is currently positioned at a long-term trendline, which may indicate a potential bounce from these levels. Alternatively, investors might consider waiting for the stock to reach ₹440, a strong support level. The price has dropped approximately 20% from its all-time high. Fundamental Points for Apollo Tyres (2024): Market Capitalization: Approximately ₹33,260 crore. P/E Ratio: Around 19.32, indicating reasonable valuation. Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health. Return on Equity (ROE): Approximately 13%, showcasing effective profit generation. Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
NSE:APOLLOTYRE
by DragonFly-Trading
Investment Opportunity in Bajaj AutoBajaj Auto is currently trading around ₹8,600, presenting a potential buying opportunity as it has dropped 30% from its all-time high. This price level aligns with strong support, making it attractive for investors. Fundamental Analysis of Bajaj Auto (2024): Financial Performance: Revenue: Increased from ₹33,145 crore in FY 2022 to ₹44,870 crore in FY 2024. Net Profit: Rose from ₹6,166 crore in FY 2022 to ₹7,708 crore in FY 2024. Profitability Metrics: Operating Profit Margin: Improved from 16% to 20%. Earnings Per Share (EPS): Increased from ₹212.5 to ₹272.7. Market Valuation: P/E Ratio: Approximately 31.27, suggesting a higher valuation. Return on Equity (ROE): Strong at 26.43%. Debt Management: Low debt-to-equity ratio of 6.6, indicating sound financial health.
NSE:BAJAJ_AUTO
by DragonFly-Trading
Biggest Trendline Breakdown in BankNifty on Weekly Time Frame In this analysis, we explore a critical development in BankNifty: a major trendline breakout on the weekly time frame. This trendline, originating from the significant lows of 2020, has been a crucial support for the index over the past few years. However, recent price action has resulted in a decisive breakdown, signaling potential bearish momentum. The long-standing trendline, which has provided support since 2020, has been breached. This breakdown marks a pivotal shift in the trend and could indicate the start of a new bearish phase. The breakdown is confirmed by increased selling pressure, as seen in the rising volume. This indicates strong market participation in the move. This breakdown could mark a significant turning point for BankNifty, and it’s crucial for traders to remain vigilant and adjust their strategies to align with the new market conditions. Historical Context: A major trendline that ran from 2016 to 2020 provided robust support until it broke in 2020, resulting in a dramatic market crash of 40-50%. This historical precedent underscores the potential severity of the current breakdown. Disclaimer: This analysis is for informational purposes only and should not be considered professional financial advice. Always conduct your own research and consult with a certified financial advisor before making any investment decisions. Trading in financial markets involves substantial risk and may not be suitable for all investors.
NSE:BANKNIFTYShort
by TheAkshayGaur