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#banknifty - 3rd December!!NSE:BANKNIFTY This chart shows an analysis of the Nifty Bank Index on a I-hour time frame, highlighting potential market moves: Resistance Levels: • Key resistance zones are marked at 52,411, 52,671, and 52,904. These are areas where the price may struggle to move higher as sellers could step in. 2. Support Levels: The chart shows strong support at 51,999, 51,808, 51,584, and 51,400. These are zones where buyers may prevent the price from falling further. 3. Descending Trendline: A downward-sloping line shows that the price has been in a short- term downtrend. A breakout above this line could indicate a reversal to the upside. 4. Projected Moves: Bullish Scenario: If the price breaks above the resistance at 52,234 and the descending trendline, it could move toward the next resistance levels (52,411 and above). • Bearish Scenario: If the price fails to break resistance and moves below 51,999, it may head toward lower support levels (51,808 and beyond). Simplified Explanation: The market is currently stuck between resistance and support levels. Traders are waiting for a breakout (upward move) or a breakdown (downward move). If it breaks resistance, it might go higher; if it drops below support, it might fall further. Note SEBI Registere.
NSE:BANKNIFTY
by thetradeforecast
1
Bullish Breakout in Castrol India Ltd: Falling Wedge Pattern ConCastrol India Ltd has shown a strong bullish signal by breaking out of a falling wedge pattern on the daily chart. The breakout is accompanied by a significant surge in volume, confirming the strength of the move. Suggested Trading Levels: Entry: Near ₹220.34 (current breakout level). Stop Loss (SL): ₹195.00 (below the breakout zone and support level). Targets: Target 1: ₹250.00 (initial resistance level). Target 2: ₹280.00 (based on the height of the falling wedge added to the breakout point). Rationale: Breakout Confirmation: The price has clearly broken out of the falling wedge pattern with strong volume, indicating bullish momentum. Stop Loss Placement: Below ₹195.00 ensures protection against false breakouts while respecting the wedge boundary. Target Calculation: The pattern's height provides a projection toward ₹280.00, with ₹250.00 as the intermediate resistance.
NSE:CASTROLINDLong
by kausar13n
#Naturalgas important levelsMCX:NATURALGAS1! This chart shows an analysis of Natural Gas Futures and gives us an idea of where the price might go next: 1. Resistance Zones: There are areas around 283 and 287.5 where the price struggled to go higher in the past. These are levels where sellers might come in again. 2. Support Zones: The price has strong support at 271 and 267.4, which are areas where buyers stepped in before to stop the price from falling further. 3. Downward Trendline: The price is generally moving downward, shown by the slanted line. If it can break above this line, it might signal the start of an upward move. 4. Two Possible Scenarios: Upward Move: If the price goes above the resistance and breaks the trendline, it might head toward 287.5. • Downward Move: If the price doesn't hold above support, it might drop back to 267.4 or low In simple terms, traders are waiting to see jf the price breaks above the resistance (good for buyers) or falls below support (good for sellers) to decide the next move.
MCX:NATURALGAS1!
by thetradeforecast
W Pattern Neckline & Falling Trendline Breakout seen in HavellsHello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought a stock which has taken perfectly support at upward support trendline and formed a double bottom (W) pattern and also given a faliing resistance trendline breakout on daily timeframe price is still above to neckline and falling resistance trendline. Stock is giving good discounted entry price at these levels. Stock is down almost 17% from all time high., stock name is Havells India Limited and it is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applicationsand. Company is almost debt free. Company has been maintaining a healthy dividend payout of 42.5%. Company's working capital requirements have reduced from 16.7 days to 12.6 days. Stock is good for short term to long term, Company is consistent profit maker every year it is posting exponantial growth on profits. Market Share The company has a market share of 10-15% for products like modular switches, SDA, Lighting, cables, and ACs and a 15-20% market share in the water heaters, MCBs, fans, and wires business. Fundamental Analysis P/E ratio is 76.3379 which is lower than it's Industry P/E 76.34 Interest Coverage ratio is 21.28 Stock has given a return of 30.9% in last 52 Weeks ROCE is 25.46% ROCE 25.46% has increased as compared to last year's ROCE 23.07% ROE is 18.07% ROE 25.46% has increased as compared to last year's ROE 23.07% Operating Profit Margin (EBITDA Margin) is 10.12% Operating Profit Margin (EBITDA Margin) 10.12% has improved as compared to last year's OPM 9.58% Net Profit Margin (PAT Margin) 6.84% has improved as compared to last year's NPM 6.34% Free Cash Flow yield is 1.32% Free Cash Flow yield 1.32% has improved as compared to 5 Yrs avg FCF yield 1.19% Cash Conversion Days 10.39 has improved as compared to 5 Yrs avg Cash Conversion Days 11.24 Annual Profit has grown over by 18.56% 3 Years Sales CAGR is 25.34% 3 Years Profit CAGR is 20.03% Quarterly Sales has grown over by 16.38% YoY DII have increased their stakes by 0.39% in the latest quarter (8.28% to 8.67%) Promoters + FIIs + DIIs hold 92.84% in the company Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:HAVELLSLong
by TraderRahulPal
Nifty Intraday Analysis for 2nd December 2024NSE:NIFTY Index closed near 24130 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 74.22 Lakh 24300 Strike – 51.97 Lakh 24200 Strike – 47.59 Lakh Put Writing 24000 Strike – 73.71 Lakh 23500 Strike – 72.49 Lakh 23800 Strike – 56.65 Lakh Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month. Index has immediate support near 23950 – 23850 range and if this support is broken then index may tank near 23750 – 23650 range. Index has resistance near 24300 – 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 2nd December 2024NSE:BANKNIFTY Index closed near 52055 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 53000 Strike – 13.06 Lakh 52500 Strike – 9.34 Lakh 52000 Strike – 7.87 Lakh Put Writing 52000 Strike – 11.14 Lakh 51000 Strike – 9.16 Lakh 52500 Strike – 7.89 Lakh Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month. Index has immediate support near 51750 - 51700 range and if this support is broken then index may tank near 51250 - 51100 range. Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53350 – 53500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 2nd December 2024NSE:CNXFINANCE Index closed near 24010 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 1.54 Lakh 24500 Strike – 0.82 Lakh 24200 Strike – 0.79 Lakh Put Writing 24000 Strike – 1.46 Lakh 24200 Strike – 0.64 Lakh 24100 Strike – 0.61 Lakh Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23675 – 23625 range. Index has resistance near 24200 - 24250 range and if index crosses and sustains above this level then may reach near 24400 - 24500 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 2nd December 2024NSE:NIFTY_MID_SELECT Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 12600 Strike – 2.37 Lakh 12700 Strike – 2.13 Lakh 13000 Strike – 2.12 Lakh Put Writing 12600 Strike – 2.93 Lakh 12500 Strike – 1.80 Lakh 12550 Strike – 1.27 Lakh Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range. Index has immediate resistance near 12700 – 12725 range and if index crosses and sustains above this level then may reach 12850 – 12950 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Hudco - Breakout from downward trend!!Hudco has given a breakout of downard trend. It may retest again at a zone marked in green. We believe it is heading towards 300 as first target and then to ATH. Following are the factors: 1. Beneficiary of PMAY 2.0 scheme - more disbursements to every kind of sector. 2. Recent agreement with NBCC for land development in Noida 3. Financing Amravati Project in AP and Bangalore Ring Road 4. QoQ and TTM results are superb 5. Breakout of latest swing high from a downward channel. 6. Volumes are also building Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right price. Cheers!!
NSE:HUDCOLong
by Cleaneasycharts
2
IRCON - Long Term ViewThe chart shows a technical analysis of IRCON International Ltd on a daily timeframe. Here's an analysis based on the visible elements: 1. **Price Action** - **Downtrend:** The stock has been in a sustained downtrend for a few months, as indicated by the descending price channel (blue shaded area). - **Breakout Attempt:** Recently, the price seems to be testing or slightly breaking above the upper boundary of the descending channel, suggesting a potential reversal or breakout. 2. **Support and Resistance** - **Key Resistance Level:** ₹292.20 is marked as a significant resistance level. - **Key Support Level:** ₹175.29 is identified as a crucial support level. - These levels will likely act as turning points if the price moves toward them. 3. **RSI (Relative Strength Index)** - The RSI is at **53.77**, which is near the neutral zone (50). This indicates no strong overbought or oversold condition currently. - RSI above 50 could signal bullish momentum, especially if it continues rising. ### 4. **Volume** - The chart shows decent volume activity around the current price level. Volume confirmation will be critical for validating any breakout above the channel. ### 5. **Projection** - An upward trajectory is drawn (blue curve), potentially predicting recovery toward the ₹292.20 resistance zone and higher. --- ### **Trading Implications** - **Bullish View:** If the price sustains above the channel's upper boundary with increased volume, it could indicate the start of an uptrend. - **Bearish View:** Failure to break out or a drop below recent lows may lead to a retest of the ₹175.29 support level.
NSE:IRCONLong
by brijmohan_h