Trend Lines
TRAPPED..? BANKNIFTY couldn’t sustain or hold itself above our given levels leading to big fall and we had discussed about it before as it can show multiple fakeouts before finally breaking out so we have to wait for candle to close above the given range for trend confirmation so plan your trades accordingly and keep watching.
Trent - Perennial bullishnessTrent is a consistently bullish stock, offering strong long-term investment opportunities.
Key Points:
1.] The stock maintains its bullish momentum by consistently taking support at the uptrend line.
2.] Frequent formation of flag patterns indicates a continuation of its upward trajectory.
3.] The stock rarely dips below the 360-day moving average, making it an excellent buy when near this level for long-term gains.
Gold on Buying Zone again. but consolidation phase is on yetPositive delta on negative candles = 1st proof of buyers on accumulation zone.
5 days of past week all on buyers interest as net positive delta count on candle close.
this week 1 single candle showing 50$ + selling candle shows buyers booking profit and sellers trying to add new selling pressure on Monday. but post Tuesday, we see positive delta on candle close on daily basis this again shows, buyers entering accumulation zone, with prices on consolidation zone.
Buy side opportunity is seen with high priority.
Nifty Intraday Analysis for 28th November 2024NSE:NIFTY
Index closed near 24275 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 98.86 Lakh
24300 Strike – 77.46 Lakh
24400 Strike – 53.53 Lakh
Put Writing
24000 Strike – 95.15 Lakh
24200 Strike – 72.17 Lakh
24300 Strike – 69.22 Lakh
Index has resistance near 24325 – 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range.
Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23950 – 23850 range.
Banknifty Intraday Analysis for 28th November 2024NSE:BANKNIFTY
Index closed near 52300 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
53000 Strike – 8.33 Lakh
52500 Strike – 7.97 Lakh
52000 Strike – 6.00 Lakh
Put Writing
52000 Strike – 8.51 Lakh
52500 Strike – 5.71 Lakh
51500 Strike – 4.32 Lakh
Index has resistance near 52800 – 52900 range and if index crosses and sustains above this level then may reach near 53200 – 53300 range.
Index has immediate support near 51800 - 51700 range and if this support is broken then index may tank near 51200 - 51100 range.
Finnifty Intraday Analysis for 28th November 2024NSE:CNXFINANCE
Index closed near 24170 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 0.69 Lakh
24200 Strike – 0.35 Lakh
24500 Strike – 0.29 Lakh
Put Writing
24000 Strike – 1.26 Lakh
24100 Strike – 0.47 Lakh
24200 Strike – 0.44 Lakh
Index has resistance near 24250 - 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range.
However, Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 23400 – 23300 range.
Midnifty Intraday Analysis for 28th November 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 – 2.64 Lakh
13000 Strike – 1.98 Lakh
12500 Strike – 1.22 Lakh
Put Writing
12600 Strike – 3,02 Lakh
12500 Strike – 1.97 Lakh
12550 Strike – 0.77 Lakh
Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12250 – 12200 range.
USDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDJPY SHOWING A GOOD UP MOVE WITH 1:10 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
Nifty- A Bull Trap unfolding??
Is this a Bull Trap? Will Nifty Create a new ATH next year or will it come crashing down?
Scenario 1: Nifty breaks out of 25200, consolidates a bit and begins the upward journey.
Scenario 2: Nifty breaches 25200 and gets all the hapless retailers onboard the Bus before plummetting to 22000.
What are your thoughts? Which scenario is more likely to happen? Please comment your thoughts and opinions.
Nifty Intraday Analysis for 27th November 2024NSE:NIFTY
Index closed near 24195 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 92.52 Lakh
24300 Strike – 81.50 Lakh
24400 Strike – 57.67 Lakh
Put Writing
24000 Strike – 65.25 Lakh
24300 Strike – 51.09 Lakh
24200 Strike – 45.40 Lakh
Index has resistance near 24300 – 24330 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 24050 – 23950 range and if this support is broken then index may tank near 23850 – 23800 range.
Banknifty Intraday Analysis for 27th November 2024NSE:BANKNIFTY
Index closed near 52190 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
53000 Strike – 31.41 Lakh
52500 Strike – 21.70 Lakh
52200 Strike – 20.57 Lakh
Put Writing
51000 Strike – 31.80 Lakh
52000 Strike – 26.73 Lakh
51500 Strike – 20.16 Lakh
Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range.
Index has immediate support near 51650 - 51550 range and if this support is broken then index may tank near 51100 - 51000 range.
Finnifty Intraday Analysis for 27th November 2024NSE:CNXFINANCE
Index closed near 24045 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 0.63 Lakh
25000 Strike – 0.23 Lakh
24500 Strike – 0.11 Lakh
Put Writing
24000 Strike – 0.75 Lakh
23000 Strike – 0.12 Lakh
23500 Strike – 0.09 Lakh
Index has resistance near 24250 - 24350 range and if index crosses and sustains above this level then may reach near 24500 - 24550 range.
However, Index has immediate support near 23750 – 23650 range and if this support is broken then index may tank near 23400 – 23300 range.
Midnifty Intraday Analysis for 27th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12570 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 1.75 Lakh
12600 Strike – 1.51 Lakh
12500 Strike – 1.04 Lakh
Put Writing
12500 Strike – 1.52 Lakh
12600 Strike – 1.20 Lakh
12550 Strike – 0.44 Lakh
Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
#Angelone - Stock outlook !!NSE:ANGELONE
Key Points:
Trends:
Two trendlines are plotted:
Upward trendline (dotted line): Displays the earlier uptrend in the stock's graph (higher lows).
Downward trendline (descending resistance): indicates the resistance level that forms when the stock starts to drop from its recent highs.
Important Information:
Support Level at ₹2701.45: This flat black line shows an important area where the stock went back up or stayed the same before. It's a strong place where buyers are active.
Resistance Zone at ₹3367.80 – ₹3393.00: It is the highest zone. It is the targeted range as indicated on the chart. This has been an important resistance in the context of previous price actions.
Fake-Out Indication:
There is a fake-out noted just below the horizontal support line of ₹2701.45. That means that the price did fall briefly below the support but quickly reverted, and hence the bearish breakout is not valid.
Breakout.
The stock seems to be going above the downward trendline, which could mean a possible upward breakout if it continues.
Future Expectations:
Bullish Scenario (Orange Rectangle): If the breakout stays above the downward trendline, it may drive the stock up to the resistance zone of ₹3367.80–₹3393.00.
Bearish Scenario (Arrow pointing down): If the breakout does not work and the price goes back below ₹2701.45, it might show a strong trend downward toward the next support levels (for example, ₹2025.00).
Explanation:
Trend Reversal:
Stock, breaking the downward trendline above indicates that the stock is on a changing pattern, from the decline, and probably into an uptrend.
Artifactual Meaning:
The fake-out close to ₹2701.45 shows how important support zones are. It shows that buyers took charge again after a first drop in price.
Possible Risk and Benefit:
Traders could expect a bounce towards the orange area, or resistance zone, if the breakout is valid. Stop-loss levels are likely set below ₹2701.45 to risk manage.
Useful Information:
For a bull trade, Wait for confirmation of the breakout, like the daily close above the trendline. Target: ₹3300–₹3393 range. Stop Loss: ₹ 2700. For a bearish trade: It could again begin a downtrend if prices go back into ₹2701.45. Target: ₹2300 or less. Stop Loss: Above ₹2800. This chart shows a mix of price movements with false signals, trendline breaks, and important levels. It gives positive and negative scenarios based on how the stock acts around these levels.
Ps note: NOT A SEBI REGISTERE.
ANY QUERIES @thetradeforecast :)
Engineers India offers good RR from this price level. -Good RR setup.
-Bouncing from a support level with Volume.
-Formed a bullish engulfing candle.
-Broke out of Trendline.
-Double Bottom at support level.
Overall, it's good for a swing.
This is not a Buy/Sell Recommendation. Please do your due diligence.
Risk- 15.4%
Reward: 29.8%
RR- 1:1.9