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#nifty50 ANALYSIS FOR TOMORROW#nifty50 ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 24593 - 24429 - 24180 ❇️ Resistance: 24837 - 24996 - 25241 👉🏻 PURPLE LINE: 24760 is a key level for buying and selling 📉 Price is currently moving within a downward channel. A breakout above the upper trendline could signal bullish momentum, while continued rejection may lead to retest of lower support zones. 👉🏻 @thetradeforecast 🇮🇳 Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by thetradeforecast
3
CDSL – Leading Diagonal Kicking Off a Bullish Cycle?A possible new bullish impulse may be forming in CDSL, following a strong corrective downtrend. From the ATH at ₹1989.80, the stock completed a 5-3-5 Zigzag correction that bottomed out at ₹1047.45. The final leg (Wave C) shows the characteristics of an Ending Diagonal , signaling possible exhaustion and the end of the correction. From that low, the structure that follows appears to be a Leading Diagonal , possibly acting as Wave 1 of a new motive sequence. Despite its expanding nature, Wave 3 is not the shortest , and trendlines are respected — validating the diagonal structure. This upward move has completed five waves, currently labeled as Wave (1), (2), (3), (4), and (5), which together form a larger Wave (A) . If this structure turns out to be impulsive , this may not just be an ABC correction, but the start of a full 5-wave impulse: 1 → 2 → 3 → 4 → 5 Now, we’re likely entering a Wave (2) correction, typically retracing 0.382 to 0.618 of Wave (1) . This retracement could break below the diagonal trendline , shaking out late bulls. Post that, if the structure holds, we may see a strong Wave 3 advance — usually the most powerful leg in any impulse. This is a hypothesis, and structure confirmation will be key. If price fails to hold support zones or shows structural invalidation, the count will need to be revised accordingly. Tools Used: Elliott Wave, Fibonacci, Trendlines Timeframe: 2H This is not a buy/sell recommendation — purely an educational analysis. Chart will be updated as price action evolves.
NSE:CDSLLong
by WaveXplorer
5
NIFTY FINANCIAL SERVICES EXCLUDING BANKSPrice is also moving up and Ratio charts also confirms this index is outperforming. Stocks included in this index are: NSE:ABCAPITAL,NSE:ANGELONE,NSE:BSE,NSE:BAJFINANCE,NSE:BAJAJFINSV,NSE:CDSL,NSE:CHOLAFIN,NSE:CAMS,NSE:HDFCAMC,NSE:HDFCLIFE,NSE:ICICIGI,NSE:ICICIPRULI,NSE:IEX,NSE:IRFC,NSE:JIOFIN,NSE:LTF,NSE:LICHSGFIN,NSE:LICI,NSE:M&MFIN,NSE:MFSL,NSE:MCX,NSE:MUTHOOTFIN,NSE:PAYTM,NSE:POLICYBZR,NSE:PEL,NSE:PFC,NSE:RECLTD,NSE:SBICARD,NSE:SBILIFE,NSE:SHRIRAMFIN You can check individual stock chart to know which stock is strongest DISCLOSURE: NOT A BUY/SELL recommendation. NOT A SEBI REGISTERED ANALYST
NSE:NIFTY_FINSEREXBNK
by mohit_sidana
Bank Nifty Analysis 1 June 2025 | Key Levels, OI Data, and BO Bank Nifty levels and chart patterns for 2nd June 2025. Bank Nifty consolidating within a range of 795 points, which is 55,030 to 55,832. Currently we have resistance at 55,830 and support at 55,030. A breakout above 55,832 can test 56,628, while a breakdown below 55,031 may bring more downside pressure to 54,232 As we have RBI policy on June 6th we may see good movement on either side. I am biased towards the higher side. Option Chain Analysis Looking at the Bank Nifty options open interest data, the 56,000 strike has the highest Call OI of around 1.9 million and Put OI of around 1.5 million, This suggests a strong resistance will be 56,000. and this also show Bank Nifty not able move above 55830 range which is acting as resistance. Moving to the volume data, there’s a noticeable spike around the 55,000 level, which indicates strong buying interest. Watch for shifts in OI to confirm the next move.
NSE:BANKNIFTYLong
by DailyCharts03
SWIGGY | Positive Divergence |RSI breakout - watchlist ### **Technical Analysis of Swiggy Ltd. (NSE)** The chart highlights a **descending channel breakout**, indicating a potential trend reversal. ### **Key Observations:** 1. **Descending Channel Formation:** - Price has oscillated within two downward-sloping trendlines from **January to June 2025**, creating a bearish trend. - **Breakout above 333.05 INR** suggests buyers may be gaining control. 2. **Volume & Price Action:** - **Current price:** **333.05 INR**, up **1.28% (+4.20 INR)**. - **Volume (20-period moving average):** **19.7M vs. 21.35M**—watch for a sustained increase to confirm the breakout. 3. **RSI Divergence:** - RSI is **55.23**, indicating improving momentum but not yet in overbought territory. - Divergence suggests weakening bearish pressure, strengthening bullish reversal potential. - **Support & Resistance:** - **Support:** **297.00 INR**, the lower boundary of the previous range. - **Resistance:** **352INR**, the prior high acting as an upside target.
NSE:SWIGGYLong
by DailyCharts03