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Trend Lines

Midnifty Intraday Analysis for 12th May 2025NSE:NIFTY_MID_SELECT Index closed near 12020 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12000 Strike – 4.86 Lakh 12500 Strike – 3.43 Lakh 12200 Strike – 2.85 Lakh Put Writing 12000 Strike – 6.29 Lakh 12200 Strike – 1.89 Lakh 12300 Strike – 1.78 Lakh Index has immediate resistance near 12175 – 12225 range and if index crosses and sustains above this level then may reach 12325 – 12375 range. Index has immediate support near 11900 – 11850 range and if this support is broken then index may tank near 11750 – 11700 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Not all lines are Trends: Post about proper Trendlines Introduction-: Trendlines are often the first tool traders learn and ironically, one of the most misused. Drawing a line between two swing points may look convincing, but that doesn’t make it meaningful. A right trendline is not just about connecting dots it’s about capturing the heartbeat of the market. In this post we will learn how to draw high quality trendlines that align with price structure, reflect momentum, and provide reliable trade signals. Whether we are scalper, swing trader, or positional analyst, mastering this skill will bring more clarity and confidence to your chart reading. 1-:What Is a Trendline Really ? A trendline isn't just a visual reference it’s a dynamic tool that reflects the direction and strength of a trend. Think of it as the price path of least resistance. a) Identify areas of value for entry b) Highlight potential reversal or breakout zones c) Keep your analysis structured and disciplined 2-: Anatomy of a Right Trendline a) Three Touches Minimum A trendline with just two points is a projection. Once it gets a third touch or more, it becomes validated a level that other traders are likely watching too. b) Wicks or Bodies Choose One, Use wicks when volatility is high or you're analyzing intraday charts and use bodies for cleaner structure in swing setups Mixing both can distort your view so choose one and stick to it per chart. c) Don’t Cut Through Candles, a forced line that slices through multiple candles is a biased line. Let the trendline hug swing points naturally without imposing your view on the market. d) Respect the Slope, steep trendlines often mark emotional moves that don’t last. Shallow trendlines suggest controlled trends better for swing trades. Avoid extremes a flat or vertical line is usually unreliable. 3-: Timeframe Relevance Always start with higher timeframes Daily or 4H to draw the main trendline. These longer-term lines attract more volume and institutional attention. Then shift to lower timeframes to refine your entries, keeping the higher-level structure in view. 4. Use Trendlines with Context for Better Accuracy, Trendlines become far more powerful when aligned with other tools, Some examples below. Horizontal support and resistance can confirm trendline levels Volume spikes can validate breakout or pullback setups Divergence in RSI or MACD can signal weakening trend strength Chart patterns like flags, triangles, or head-and-shoulders often form around key trendlines The more layers of confirmation, the better your odds. 5-: Using Trendlines for Trading Decisions a) Pullback Entry Wait for price to touch the trendline and show a strong reaction (engulfing, pin bar, etc.). These setups offer high R:R with clear invalidation. b) Break and Retest A clean break below or above the trendline, followed by a retest, often marks trend continuation or reversal. Wait for confirmation before entering. c) Logical Stop Placement Place your stop-loss just outside the trendline’s opposite side. This approach is more rational than random pip buffers or fixed risk. 6-: Trendlines That Trap Traders Not all breakouts are real. Sometimes price will breach a trendline just enough to trigger stops and then snap back so how to avoid the trap. Don’t trust every breakout Confirm with volume or candle structure Watch for failure-to-follow-through patterns Patience often reveals whether a move is genuine or manipulation. Conclusion The right trendline is not just a drawing it’s a tool that reflects the psychology of the market. It helps you trade what the market is showing, not what you hope to see. Don’t draw lines to fit your bias. Let price action speak, and draw lines that the market itself respects. Thanks for reading. If this added value, a like would be encouraging. Regards- Amit.
NSE:NIFTYEducation
by AMIT-RAJAN
13
Big Money is Moving In—This Chart Screams BREAKOUT!A deep technical revisit on PREMEXPLN reveals a textbook example of structure, confluence, and timing: ✅ Previous Cup & Handle Breakout Zone (Yellow) The stock gave a massive breakout in mid-2023 from a well-formed Cup and Handle base. This zone, once a strong resistance, now acts as a long-term structural support (highlighted in yellow). ✅ Fibonacci Retracement from ATH to CMP A Fibonacci retracement from the all-time high of ₹906.4 to current levels shows a 61.8% retracement near ₹399, aligning perfectly with the current bounce zone. ✅ Red-to-Green Flip Zone The stock previously struggled around ₹420–₹480 (red resistance block), but now this zone is flipping into support with price reclaiming it—textbook polarity flip. ✅ WTF Counter-Trendline Breakout A clean weekly CT breakout is visible with strong bullish conviction. The breakout candle engulfs the previous sell-off wick, signaling wick fill + rejection absorption—a bullish candle combination. The breakout is supported by a noticeable volume spike (7.78M).
NSE:PREMEXPLNLong
by Averoy_Apoorv_Analysis
THERMAX technical analysisThermax Ltd. (NSE: THERMAX) is currently priced at INR 3,239.10. The company provides engineering solutions in the energy and environment sectors, specializing in sustainable solutions for heating, cooling, water treatment, and waste management. Key Levels Support Level: INR 2,688.65 Swing Level: INR 3,362.20 Possible Upside Levels: INR 4,054.00, INR 5,427.80, INR 6,101.35, INR 6,959.35 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 46.11, indicating neutral momentum. The stock is neither overbought nor oversold, suggesting a balanced price movement. Volume: The trading volume stands at 289.12K, reflecting moderate activity. Higher volume during price increases signals strong buying interest, while lower volume during declines suggests weak selling pressure. Sector and Market Context Thermax Ltd. operates in the industrial engineering and energy solutions sector, benefiting from government initiatives supporting clean energy and infrastructure. In Q4 FY25, the company saw a 10% rise in net profit to INR 206 crore, driven by higher revenues, though Bio-CNG project costs (INR 66 crore) impacted margins. While the order book stands at INR 10,693 crore, subdued government spending led to an 8% decline in order bookings and missed profit estimates. Rising raw material costs and weak industrial machine demand further affected growth. Despite challenges, Thermax approved a dividend of INR 14 per share, signaling financial stability, and expects recovery in H2 FY25 as large projects resume. While clean energy adoption and infrastructure expansion support long-term growth, market volatility and cost pressures remain key investor considerations. Risk Considerations Economic Conditions: Changes in economic conditions, such as inflation or interest rates, can impact the company's performance. Regulatory Changes: New regulations or changes in existing ones can affect the company's operations and profitability. Competition: The presence of strong competitors in the industry can pose a risk to the company's market share and growth prospects. Analysis Summary Thermax Ltd. has shown a strong performance with potential upside levels identified in the technical analysis. The RSI and volume indicators suggest a balanced market sentiment. However, investors should be cautious of market volatility, economic conditions, regulatory changes, and competition. It is essential to consider these factors before making any investment decisions.
NSE:THERMAXLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 09th May 2025NSE:NIFTY Index closed near 24275 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24400 Strike – 34.86 Lakh 24500 Strike – 31.45 Lakh 25600 Strike – 75.83 Lakh Put Writing 24000 Strike – 39.79 Lakh 24400 Strike – 27.77 Lakh 23800 Strike – 27.24 Lakh Index has resistance near 24450 – 24500 range and if index crosses and sustains above this level then may reach near 24700 – 24750 range. Index has immediate support near 24000 – 23950 range and if this support is broken then index may tank near 23800 – 23750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 09th May 2025NSE:BANKNIFTY Index closed near 54365 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 55500 Strike – 10.55 Lakh 55000 Strike – 9.99 Lakh 54000 Strike – 8.78 Lakh Put Writing 54000 Strike – 18.36 Lakh 53000 Strike – 13.41 Lakh 55000 Strike – 7.29 Lakh Index has resistance near 54800 – 54900 range and if index crosses and sustains above this level then may reach near 55400 – 55500 range. Index has immediate support near 53600 - 53500 range and if this support is broken then index may tank near 53000 - 52900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 09th May 2025NSE:CNXFINANCE Index closed near 25980 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 26000 Strike – 0.74 Lakh 26000 Strike – 0.74 Lakh 26200 Strike – 0.65 Lakh Put Writing 26000 Strike – 1.30 Lakh 25500 Strike – 0.57 Lakh 26200 Strike – 0.52 Lakh Index has resistance near 26200 - 26250 range and if index crosses and sustains above this level then may reach near 26500 - 26550 range. Index has immediate support near 25800 – 25750 range and if this support is broken then index may tank near 25550 – 25500 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 09th May 2025NSE:NIFTY_MID_SELECT Index closed near 11985 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12000 Strike – 3.53 Lakh 12200 Strike – 3.22 Lakh 12500 Strike – 2.93 Lakh Put Writing 12000 Strike – 5.56 Lakh 12200 Strike – 2.19 Lakh 12100 Strike – 2.15 Lakh Index has immediate resistance near 12125 – 12175 range and if index crosses and sustains above this level then may reach 12300 – 12350 range. Index has immediate support near 11800 – 11750 range and if this support is broken then index may tank near 11550 – 11500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
IDEAFORGE: Trendline breakout for bullish run.A single-line resistance trendline will be tested again. This time, the RSI has given the breakout and is nearing the 50 mark, signalling bullish sentiment. Upside targets are 535, 587. Entry on breakout of trendline and breach of high at around 464. The rejection of this trendline, which is less likely to happen as of now, will take the price back to the low of 304. Keeping the current geopolitical issues in mind, defence stocks are likely to be in demand.
NSE:IDEAFORGELong
by AbsoluteAnalytics
Nifty Intraday Analysis for 08th May 2025NSE:NIFTY Index closed near 24415 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 187.39 Lakh 24400 Strike – 157.08 Lakh 25000 Strike – 118.21 Lakh Put Writing 24300 Strike – 133.81 Lakh 24400 Strike – 115.50 Lakh 24000 Strike – 95.65 Lakh Index has resistance near 24550 – 24600 range and if index crosses and sustains above this level then may reach near 24750 – 24800 range. Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 08th May 2025NSE:BANKNIFTY Index closed near 54610 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 55500 Strike – 10.98 Lakh 55000 Strike – 10.42 Lakh 56000 Strike – 8.74 Lakh Put Writing 54000 Strike – 14.66 Lakh 53000 Strike – 13.31 Lakh 53500 Strike – 10.62 Lakh Index has resistance near 55100 – 55200 range and if index crosses and sustains above this level then may reach near 55600 – 55700 range. Index has immediate support near 54100 - 54000 range and if this support is broken then index may tank near 53600 - 53500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 08th May 2025NSE:CNXFINANCE Index closed near 26165 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 26500 Strike – 0.65 Lakh 26000 Strike – 0.57 Lakh 26300 Strike – 0.46 Lakh Put Writing 26000 Strike – 1.30 Lakh 25500 Strike – 0.61 Lakh 26200 Strike – 0.41 Lakh Index has resistance near 26325 - 26375 range and if index crosses and sustains above this level then may reach near 26525 - 26575 range. Index has immediate support near 25975 – 25925 range and if this support is broken then index may tank near 25775 – 25725 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 08th May 2025NSE:NIFTY_MID_SELECT Index closed near 12220 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12000 Strike – 3.35 Lakh 12500 Strike – 2.86 Lakh 12200 Strike – 2.85 Lakh Put Writing 12000 Strike – 7.01 Lakh 12200 Strike – 2.93 Lakh 12100 Strike – 2.43 Lakh Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12450 – 12500 range. Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Piramal Enterprises| VCP traits | Breakout on volume📈 PEL | Piramal Enterprises Ltd Multi-month base | VCP traits | Breakout on volume watch 🔍 Technical Highlights: Volume spurt: 5x relative to recent sessions – clear institutional interest 🧠 Bullish engulfing candle on 7 May 2025, signaling a strong reversal attempt Closed above 200 DMA, trading above 50 DMA, and just above 30 WMA – early signs of trend re-alignment Price is forming a VCP-like structure within a Stage 1 base Breakout is aligning with a Higher High–Higher Low (HH–HL) structure Took support at a rising trendline that’s been respected since April 2023 ⚠️ Key Risk Considerations: Fundamentals are weak – poor ROE & ROCE, and RSI is unimpressive Broader market is not supportive — Nifty 500 is still below 200 DMA This may be an early breakout attempt — confirmation is everything No clean follow-up yet post breakout day – wait for continuation 🧭 Why Watch This? Despite fundamental weaknesses, technicals are improving rapidly: Volume is stepping up Price is testing long-term moving averages Structure is getting tighter (VCP traits visible) A clean breakout and follow-through above ₹1,075–₹1,140 could unlock Stage 2 potential 🎯 Trade Levels: Entry: Above ₹1,075.6 (confirmation required) SL (Closing Basis): ₹895.2 Positional Target 1: ₹1,276 Positional Target 2: ₹1,658 ATH Review Zone: ₹1,761 💰 Risk–Reward Risk = ₹1,075.6 – ₹895.2 = ₹180.4 Reward to T1 = ₹1,276 – ₹1,075.6 = ₹200.4 → R:R = 1 : 1.11 Reward to T2 = ₹1,658 – ₹1,075.6 = ₹582.4 → R:R = 1 : 3.23 🛡️ Trader's Note Position sizing is not optional — it's your only protection. This is a setup driven by volume, structure, and levels — not by fundamentals. If this breakout holds, momentum traders may pile in — but don’t front-run it blindly. 📌 Quarterly results are around the corner — trade with caution as earnings volatility can invalidate technicals. 📌 If price reaches ATH, review for new risk-reward alignment and partial booking. 📜 Disclaimer: This is a technical perspective, not investment advice. For educational purposes only. Trade safe, trade smart.
NSE:PELLong
by sagartharayil
NIFTY : Very bearish due to forming Bearish Divergence pattern BEARISH DIVERGENCE - Market has formed a higher high on the chart whereas rsi has formed a lower high which indicates a bearish divergence pattern. This indicates upcoming market fall Bearish Divergence forms when market forms higher high & rsi forms lower high BEARISH MACD - The macd line recently crossed below the signal line inside the macd indicator forming bearish macd crossover. Market is likely to fall in the upcoming days due to this bearish signal MACD indicator is the combination of 2 lines - macd line is the difference between 26-period & 12-peroid EMA & signal line is the 9-period EMA of macd line INVERTED HAMMER CANDLESTICK - On daily timeframe NSE:NIFTY has formed a bearish candlestick pattern called "Inverted Hammer". it indicates reversal of the ongoing trend and beginning of the opposite trend ie bearish trend here. Inverted Hammer candlestick is formed when a candlestick has long upper shadow & smaller body at the bottom PROFIT TARGET - target is 23194.25 STOP LOSS - 24908.05
NSE:NIFTYShort
by peace_lover
Nifty Intraday Analysis for 07th May 2025NSE:NIFTY Index closed near 24380 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 183.30 Lakh 24400 Strike – 126.24 Lakh 25000 Strike – 106.95 Lakh Put Writing 24000 Strike – 101.25 Lakh 24400 Strike – 99.16 Lakh 24300 Strike – 86.60 Lakh Index has resistance near 24500 – 24550 range and if index crosses and sustains above this level then may reach near 24700 – 24750 range. Index has immediate support near 24200 – 24150 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA