Trend Lines
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:8 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
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7RISK 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 Intraday Analysis for 3rd January 2025NSE:NIFTY
Index closed near 24190 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 36.59 Lakh 24500 Strike – 29.98 Lakh
24000 Strike – 23.56 Lakh
Put Writing
24000 Strike – 39.03 Lakh
23900 Strike – 36.22 Lakh
24200 Strike – 30.25 Lakh
Index has resistance near 24250 - 24300 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
Banknifty Intraday Analysis for 3rd January 2025NSE:BANKNIFTY
Index closed near 51605 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
53000 Strike – 13.54 Lakh
52000 Strike – 12.88 Lakh
51500 Strike – 7.82 Lakh
Put Writing
51000 Strike – 10.95 Lakh
51500 Strike – 10.53 Lakh
52000 Strike – 7.55 Lakh
Index has resistance near 52100 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range.
Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
Finnifty Intraday Analysis for 3rd January 2025NSE:CNXFINANCE
Index closed near 24005 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
24000 Strike – 0.78 Lakh
24500 Strike – 0.48 Lakh
23500 Strike – 0.32 Lakh
Put Writing
24000 Strike – 1.05 Lakh
23800 Strike – 0.62 Lakh
23700 Strike – 0.61 Lakh
Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23625 – 23575 range.
Midnifty Intraday Analysis for 3rd January 2025NSE:NIFTY_MID_SELECT
Index closed near 13095 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.03 Lakh
12800 Strike – 2.68 Lakh
13200 Strike – 2.16 Lakh
Put Writing
13000 Strike – 7.59 Lakh
12800 Strike – 4.24 Lakh
12900 Strike – 2.93 Lakh
Index has immediate resistance near 13150 – 13175 range and if index crosses and sustains above this level then may reach 13275 – 13300 range.
Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
7 years breakout candidate BROOKS LABSBrooks Laboratories Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 419.92 Crore) operating in Pharmaceuticals sector.
Brooks Laboratories Ltd. key Products/Revenue Segments include Drugs, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 20.99 Crore, up 16.60 % from last quarter Total Income of Rs 18.00 Crore and down 14.00 % from last year same quarter Total Income of Rs 24.41 Crore. Company has reported net profit after tax of Rs .96 Crore in latest quarter.
UP by 1000++ points and counting!As we can BANKNIFTY has rallied over 1000++ points from our given trendline support wherein I told you guys that fresh long positions can be made keeping SL on closing basis below the trendline. Now we can expect BANKNIFTY to continue it’s bull run till 52300++ levels in coming days so plan your trades accordingly.
Nifty Intraday Analysis for 2nd January 2025NSE:NIFTY
Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 90.67 Lakh 23800 Strike – 71.34 Lakh
23900 Strike – 62.46 Lakh
Put Writing
23500 Strike – 78.32 Lakh
23600 Strike – 67.47 Lakh
23700 Strike – 61.82 Lakh
Index has resistance near 23850 - 23900 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range.
Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
Banknifty Intraday Analysis for 2nd January 2025NSE:BANKNIFTY
Index closed near 51060 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 13.64 Lakh
51500 Strike – 8.17 Lakh
51000 Strike – 7.21 Lakh
Put Writing
51000 Strike – 10.65 Lakh
50000 Strike – 9.41 Lakh
51500 Strike – 8.94 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 51000 - 50000 range.
Finnifty Intraday Analysis for 2nd January 2025NSE:CNXFINANCE
Index closed near 23620 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
24000 Strike – 0.61 Lakh
23500 Strike – 0.54 Lakh
23600 Strike – 0.39 Lakh
Put Writing
23500 Strike – 0.73 Lakh
23600 Strike – 0.32 Lakh
23700 Strike – 0.31 Lakh
Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range.
Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
Midnifty Intraday Analysis for 2nd January 2025NSE:NIFTY_MID_SELECT
Index closed near 12935 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.10 Lakh
12800 Strike – 3.10 Lakh
12900 Strike – 2.38 Lakh
Put Writing
13000 Strike – 6.60 Lakh
12800 Strike – 4.25 Lakh
12900 Strike – 3.11 Lakh
Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range.
Index has immediate support near 12825 – 12775 range and if this support is broken then index may tank near 12675 – 12625 range.
IOC at a Crossroads: Will Bulls or Bears Dominate Next?Indian Oil Corporation (IOC) is at a crucial juncture with key levels shaping its next move.
Key Levels:
->Resistance: ₹180-₹190 has been a strong barrier.
->Support: ₹129.60 is a critical support level.
->Intermediate Resistance: ₹145.51 is acting as a key hurdle.
Trend:
->Overall: The stock remains in a downtrend, trading below the descending trendline.
->Short-Term: There’s a slight recovery, but the downtrend still holds.
Volume:
>Recent volume indicates participation at key levels but lacks strong bullish momentum.
Strategy:
>For Bulls: Wait for a breakout above ₹145.51 and the trendline for a potential rally towards ₹160-₹170. Keep a stop-loss below ₹140.
->For Bears: If IOC fails to break ₹145.51, consider shorting with a target at ₹129.60 and a stop-loss above ₹146.
What’s your take on IOC’s next move? Share your thoughts in the comments!
OIL INDIA - SWING TRADE ON LONG SIDESymbol - OIL
OIL is currently trading at 420
I'm seeing a trading opportunity on buy side.
Buying OIL Futures at 420
I will add more long position at 410, if comes.
Holding with SL of 397
Targets I'm expecting are 445 - 460 & above.
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!
Cipla-Reversing from channel Support. Look for Long OpportunitieCIPLA.
Cipla - Daily Time Frame Analysis 📈
Technical Analysis:
1️⃣ Trendline Support
Cipla has been respecting a rising trendline support from the past several months, indicating a sustained bullish structure.
2️⃣ Breakout from Consolidation
The stock recently broke out of a descending triangle pattern with good volumes, signaling renewed buying interest.
The breakout level aligns with ₹1,534, and the price is trading above this level, suggesting the breakout is sustaining.
3️⃣ Resistance Levels:
Immediate resistance levels to watch:₹1,555.30 (Our Entry Point)
₹1,612.95
₹1,705.10 (target level 1)
4️⃣ Stop Loss (SL):
A key stop loss level on a closing basis is placed at ₹1,413.45, which aligns with a previous support zone and the lower trendline.
Trading Strategy:
Entry- 1556. Safe Traders wait for a close.
SL- 1413- Closing basis.
T1- 1705.
Higher targets can be considered as the bullish momentum continues.
Immediate resistance 1612. Watch the Price action near this level.
#cipla
GSFC 4HGUJARAT STATE FERTILIZERS & CHEMICALS LTD | TREND LINE BREAK & DEMAND ZONE REACTION 🌟
A clear break above the long-standing descending trend line indicates a potential change in market structure (CHOCH).
Price tested and bounced strongly from the highlighted demand zone, confirming bullish intent.
Key level to watch: ₹225.57 for further upside momentum.
Monitor for a pullback or consolidation before continuing upward.
Nifty Intraday Analysis for 1st January 2025NSE:NIFTY
Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 97.61 Lakh 23900 Strike – 76.72 Lakh
23800 Strike – 70.72 Lakh
Put Writing
23000 Strike – 80.07 Lakh
23500 Strike – 68.50 Lakh
23200 Strike – 50.57 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
Banknifty Intraday Analysis for 1st January 2025NSE:BANKNIFTY
Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 13.91 Lakh
51500 Strike – 8.36 Lakh
51000 Strike – 8.00 Lakh
Put Writing
51000 Strike – 11.23 Lakh
51500 Strike – 8.71 Lakh
50000 Strike – 8.07 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range.
Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.