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Finnifty Intraday Analysis for 14th November 2024NSE:CNXFINANCE Index closed near 23140 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23600 Strike – 4.61 Lakh 23500 Strike – 4.58 Lakh 23400 Strike – 2.77 Lakh Put Writing 22900 Strike – 2.97 Lakh 23000 Strike – 2.29 Lakh 23300 Strike – 1.62 Lakh Index has immediate support near 22900 – 22800 range and if this support is broken then index may tank near 22600 – 22500 range. Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23550 - 23600 range.
NSE:CNXFINANCEShort
by RKMAURYA
Midnifty Intraday Analysis for 14th November 2024NSE:NIFTY_MID_SELECT Index closed near 12120 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 17.47 Lakh 12200 Strike – 8.86 Lakh 12400 Strike – 7.79 Lakh Put Writing 12000 Strike – 8.06 Lakh 12200 Strike – 6.38 Lakh 11800 Strike – 5.99 Lakh Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range. Index has immediate resistance near 12225 - 12275 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.
NSE:NIFTY_MID_SELECTShort
by RKMAURYA
BULL FLAG PATTERN IN INDIA CEMENTS - POSITIONAL LONG TRADESymbol - INDIACEM CMP - 353 India Cements is forming a Bullish Flag pattern after a good run. It is consolidating at higher levels & buyers are looking strong & not giving up. Breakout of this Flag pattern can lead the stock price towards 650 which is approx. 90% upside from current price. I have made a long position at CMP and will add more position around 390, which is breakout zone. Stoploss I am following is 330. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:INDIACEMLong
by akshit_official
Bank Nifty Under Pressure: Head-and-ShouldersNSE:BANKNIFTY has currently formed a head-and-shoulders pattern, indicating potential bearish sentiment. The asset has been showing weakness over the past few days. Additionally, a diamond pattern formed inside the right shoulder, which has also broken down. The 49650 level is a strong support line and serves as the neckline of the head-and-shoulders pattern. The market is slowly approaching this level, and if it breaks, the target could be as low as 46000. Meanwhile, Bank Nifty is approaching the 50 EMA on the weekly chart after a strong close on the 20 EMA. Overall, the indications point to a bearish outlook for Bank Nifty. Traders should remain cautious and monitor the market closely for any potential developments.
NSE:BANKNIFTY
by DragonFly-Trading
BONDUSDT: Is This the Bullish Move We’ve Been Waiting For?Yello Paradisers! Are you ready to catch the next big move? Let's dive into BONDUSDT and see what’s brewing! 💎BONDUSDT has recently broken out of a resistive trendline and formed a W pattern at the bottom. This pattern is a strong indicator of a potential bullish move. 💎We need to see a breakout and candle closing above the resistive trendline & resistant zone. This will significantly increase the probability of a bullish move. 💎If a pullback occurs, we could see a potential triple bottom forming from the support zone. For confirmation, we need an I-CHoCH (Internal Change of Character) towards the bullish market structure, which will tilt the probability in our favor. 💎If BONDUSDT breaks down and closes candle below the support zone, this will invalidate our bullish outlook. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay focused, patient, and disciplined, Paradisers! 🥂💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Is TURBOUSDT Poised for a Bullish Breakout or Bearish Move?Yello, Paradisers! Is TURBOUSDT about to break out into a small bullish move, or are we looking at a potential reversal? Let's dive into the analysis to see what the charts are telling us! 💎TURBOUSDT is currently forming an inverse head and shoulders pattern, a classic bullish signal. This pattern, coupled with the recent bullish reversal indicators, significantly increases the likelihood of an upward move. 💎 If the candle closes above resistant zone, the probability of a bullish move increases. 💎 If there's a pullback, we can anticipate a bounce from support zone, but we need to watch for a Change of Character (CHoCH) towards a bullish market structure in the lower time frames. This would confirm the bullish outlook and set the stage for targeting the upcoming resistance levels. 💎If the candle closes below the support zone, it invalidates the bullish thesis. 💎Given the current market uncertainty, I recommend using smaller positions than usual. This cautious approach will help manage risk effectively. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
CRYPTO:TURBOUSDLong
by MyCryptoParadise_Nathan
EGLDUSDT: Breakout Imminent or Breakdown Risk?Yello, Paradisers! Is EGLDUSDT gearing up for a big breakout or are we in for another setback? Let’s dive into the technicals to see what's at play. 💎EGLDUSDT has recently formed a descending triangle pattern accompanied by bullish divergence, showing promising signs with a W-shaped bounce from the support zone. But here’s the key: if EGLDUSDT can break above the resistance trendline of this descending triangle and breach the immediate resistance zone, the probability of a significant bullish move rises sharply. 💎However, we can’t ignore the possibility of a retracement. In such a case, it’s wise to watch for a bounce from the support zone. To confirm this potential move, keep an eye out for a bullish I-CHoCH (internal change of character) in lower time frames—this will increase the odds in our favor. It’s also essential to monitor BTC’s price action for added context and better strategic decisions. 💎On the flip side, should the price break down and closes candle below the support zone, it would invalidate our bullish thesis. In this scenario, patience is key—it’s best to step back and wait for clearer price action before re-entering. 🎖 Remember, disciplined analysis and strategy make all the difference. Stay sharp, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Nifty Breaks Down: Inverse Head-and-Shoulders Pattern FailsWe previously discussed the formation of an inverse head-and-shoulders pattern, which typically signals an uptrend. However, today the pattern broke down, and Nifty is once again falling. There is a trendline in place, and there is a chance that Nifty could bounce off this trendline. Currently, Nifty is moving towards the next support level at 23,335. Traders should remain cautious and monitor the market closely for any potential reversals.
NSE:NIFTY
by DragonFly-Trading
GOLD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:5 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
1
Nifty Intraday Analysis for 13th November 2024NSE:NIFTY Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24600 Strike – 100.51 Lakh 24200 Strike – 80.60 Lakh 24300 Strike – 71.39 Lakh Put Writing 23500 Strike – 46.09 Lakh 24000 Strike – 32.54 Lakh 23800 Strike – 29.42 Lakh Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 13th November 2024NSE:BANKNIFTY Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 48.96 Lakh 52000 Strike – 44.55 Lakh 51500 Strike – 26.29 Lakh Put Writing 50000 Strike – 29.19 Lakh 50500 Strike – 20.83 Lakh 51000 Strike – 18.99 Lakh Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 13th November 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.65 Lakh 23600 Strike – 2.29 Lakh 23700 Strike – 1.93 Lakh Put Writing 23500 Strike – 2.19 Lakh 23700 Strike – 1.90 Lakh 23600 Strike – 1.83 Lakh Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23125 – 23050 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 13th November 2024NSE:NIFTY_MID_SELECT Index closed near 12300 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 12.05 Lakh 12600 Strike – 4.84 Lakh 12400 Strike – 4.27 Lakh Put Writing 12500 Strike – 8.90 Lakh 12200 Strike – 2.64 Lakh 12300 Strike – 2.45 Lakh Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12200 – 12140 range and if this support is broken then index may tank near 12000 – 11950 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
#CNX500 Testing Key Support Levels!📉 Market Update: #CNX500 Testing Key Support Levels! 📉 The #CNX500 index has recently touched its support line once again. When stocks or indices frequently test support, it typically weakens that level, increasing the likelihood of a further breakdown. In recent sessions, the index has also shown a breakdown candle below this support level, signaling potential for further downside. 🔻 With the broader Indian market in a bearish phase, it’s advisable to stay cautious when initiating new trades until we see a clear trend reversal. If the current support breaks, the index may find its next support near the 200-day moving average, around the 21,900-22,000 range. 📉 📢 Disclaimer: This analysis is for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions. 💼 #StockMarket #CNX500 #TechnicalAnalysis #SupportLevel #BearishMarket #InvestSmart
NSE:CNX500Short
by nemi-chand