Midnifty Intraday Analysis for 11th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12915 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 18.42 Lakh
13200 Strike – 10.80 Lakh
13100 Strike – 9.95 Lakh
Put Writing
13000 Strike – 9.93 Lakh
12800 Strike – 7.47Lakh
12700 Strike – 6.44 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Trend Lines
Parag Milk Foods - Trend Line BO & CUP & Handle in formation Parag Milk Foods is one of the few listed companies in milk space. With strong presence in Cheese & Ghee segment, this stock should give fabulous returns. Other factors:
1. Weekly trend-line Breakout
2. Cup & Handle Formation on weekly time frame
3. Volumes are steady
4. Price is respecting 20 EMA
5. Future growth prospects looking good.
Keep following @Cleaneasycharts as we provide - Right Stock at Right Time at Right Price !!
Cheers!!!
AWHCL: A bullish pennant breakoutAWHCL has recently exhibited a breakout from a bullish pennant pattern on the daily chart. The breakout from the bullish pennant pattern is characterized by a significant price movement beyond the upper boundary of the pennant. This breakout is often seen as a signal of a strong buying interest and can lead to sustained upward price action.
The stock has closed above the previous week's high, a critical technical level that reinforces the positive outlook. This closure suggests increased buying pressure and establishes a strong foundation for potential growth.
AWHCL presents an attractive opportunity within the demand zone of 760-770. This area has historically demonstrated robust buying interest, indicating a potential reversal or support point for the stock. Based on current price action, the next discernible supply zone is projected to be around the 899 level. This zone may act as a resistance point where profit-taking could occur, thus requiring careful monitoring as the stock approaches this area. Based on the technical setup, AWHCL has the potential for an approximate 15% upside from the demand zone. A prudent stop-loss level may be below 731 to mitigate risk in case of adverse price movement.
Disclaimer: The information provided in this technical analysis report is for informational and educational purposes only and should not be interpreted as financial advice. Investors are encouraged to conduct their own comprehensive research or consult with a financial advisor before making any investment decisions.
Nifty Intraday Analysis for 10th October 2024NSE:NIFTY
Index closed near 24980 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 121.02 Lakh
25200 Strike – 83.21 Lakh
25300 Strike – 75.18 Lakh
Put Writing
24500 Strike – 24.98 Lakh
25000 Strike – 48.72 Lakh
24800 Strike – 43.97 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Banknifty Intraday Analysis for 10th October 2024NSE:BANKNIFTY
Index closed near 51005 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 12.07 Lakh
51500 Strike – 11.28 Lakh
51000 Strike – 11.19 Lakh
Put Writing
51000 Strike – 11.28 Lakh
50000 Strike – 6.95 Lakh
50500 Strike – 6.10 Lakh
Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
Index has immediate support near 50500 – 50400 range and if this support is broken then index may tank near 49900 - 49800 range.
Finnifty Intraday Analysis for 10th October 2024NSE:CNXFINANCE
Index closed near 23545 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 3.44 Lakh
23700 Strike – 2.37 Lakh
23800 Strike – 2.26 Lakh
Put Writing
23500 Strike – 2.31 Lakh
23600 Strike – 1.41 Lakh
23700 Strike –1.25 Lakh
Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23350 – 23250 range and if this support is broken then index may tank near 23100 – 23000 range.
Midnifty Intraday Analysis for 10th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 10.89 Lakh
13200 Strike – 5.46 Lakh
13200 Strike – 4.65 Lakh
Put Writing
13000 Strike – 9.30 Lakh
12700 Strike – 8.18 Lakh
12800 Strike – 6.92 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Nifty Analysis for Long Term View Previous Bullish View (4th October)
Strong candle closed on the trendline
Nifty moved up 200 points post-closure
Current Scenario
Reversal occurred
Closed below the trendline
Trendline currently acting as resistance
Bullish Scenario Requirements
Nifty needs to make a strong close above the trendline
Key Points for Traders
Watch for a convincing break and close above the trendline
Monitor volume on bullish moves
Be cautious of false breakouts; confirm with subsequent price action
Consider the broader market context and any upcoming economic events
Diverse Trading Strategies for UGRO Capital LtdUGRO Capital Ltd is currently exhibiting a symmetrical triangle pattern, characterized by converging trend lines drawn in black. This technical formation is indicative of a potential continuation or reversal pattern, often signaling an impending breakout, either upward or downward.
Within this chart pattern, the upper trend line serves as a short-term resistance zone, while the price action has encountered difficulties in surpassing this level. A counter-trendline, represented by a dotted black line, suggests an attempt to break free from the prevailing downtrend; however, the stock continues to face resistance from the upper trend line.
The stock has demonstrated notable resilience, establishing multiple support points, clearly identified by the blue line on the chart. These instances of price bounces indicate a consistent level of buying interest and present evidence of the stock's strength. The formation of higher lows during this period signifies a bullish sentiment, suggesting the potential for upward price movement. MACD & RSI values also denotes strong buying pressure and suggests a significant potential for price reversal.
Recent trading activity shows a significant surge in volume over the past two days, substantially exceeding the average trading volumes. This spike is a critical sign of accumulating buying pressure, further supporting the bullish outlook for UGRO Capital Ltd . Increased volume during price ascents often serves as confirmation of the strength of the momentum.
While the current technical indicators present a constructive outlook, a definitive breakout can only be confirmed when the stock price successfully clears the upper trend line resistance. Upon achieving this milestone, the next target of interest will likely be the established resistance level at 299, which could be revisited in the foreseeable future if bullish momentum continues.
Disclaimer: The information provided in this analysis is purely for informational and educational purposes and should not be construed as financial advice. Investors are strongly encouraged to consult with a qualified financial advisor or conduct thorough research prior to making any investment decisions.
Are we heading towards 50000 mark?As we can see despite the strength BANKNIFTY formed more like an inverted hammer pattern and ended up closing below the trendline showing bearishness as analysed hence if BANKNIFTY opens flat then we may see bearishness to continue but it opens strong then we may see another sideways to volatile market so plan your trades accordingly.
A decending triangle patterns showing on BITCOIN 1:10 RRA decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
Nifty Intraday Analysis for 09th October 2024NSE:NIFTY
Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 74.85 Lakh
25200 Strike – 57.99 Lakh
25000 Strike – 51.68 Lakh
Put Writing
25000 Strike – 44.03 Lakh
24500 Strike – 43.71 Lakh
24800 Strike – 31.21 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Banknifty Intraday Analysis for 09th October 2024NSE:BANKNIFTY
Index closed near 51020 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 31.59 Lakh
51500 Strike – 22.20 Lakh
51000 Strike – 21.50 Lakh
Put Writing
50000 Strike – 25.60 Lakh
51000 Strike – 20.82 Lakh
50500 Strike – 17.98 Lakh
Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
Index has immediate support near 50500 – 50400 range and if this support is broken then index may tank near 49900 - 49800 range.
Finnifty Intraday Analysis for 09th October 2024NSE:CNXFINANCE
Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 26.88 Lakh
24000 Strike – 18.86 Lakh
23700 Strike – 13.57 Lakh
Put Writing
23500 Strike – 1.03 Lakh
23000 Strike – 0.80 Lakh
23300 Strike – 0.72 Lakh
Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23250 – 23100 range and if this support is broken then index may tank near 22850 – 22800 range.
Midnifty Intraday Analysis for 09th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12875 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 6.90 Lakh
12900 Strike – 4.68 Lakh
12800 Strike – 4.68 Lakh
Put Writing
12800 Strike – 8.66 Lakh
12700 Strike – 5.25 Lakh
12600 Strike – 5.10 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12750 – 12650 range and if this support is broken then index may tank near 12550 – 12500 range.
MCX Natural Gas Analysis for medium termMCX:NATURALGAS1! looks bullish.
If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280.
Now this 280 level is also the 23% Fib retracement level.
Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W pattern. (or one can say a rounding bottom pattern).
After testing the 280 level in one week back, it retraces back a bit and most likely creating a nice Cup and Handle pattern.
Here are the expectations:
NG will test 280 level once more.
After that if it able to brakes it out 280, it will go to test the next resistance.
The next resistance is 400 level, positionally.
Also fundamentally, per the estimation of International Energy Agency (IEA) Global Gas Security Review, the Natural Gas demand is forecasted to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. And it will be steady for next few years even with 1.5 degree Paris Weather convocation.
So stay alert. Above 280 sustains means it's a Buy on Dip on Natural Gas. Till then: Wait and Watch.
Nifty Intraday Analysis for 08th October 2024NSE:NIFTY
Index closed near 24795 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 68.80 Lakh
25000 Strike – 48.35 Lakh
25200 Strike – 41.66 Lakh
Put Writing
24500 Strike – 34.14 Lakh
25000 Strike – 25.91 Lakh
24800 Strike – 24.78 Lakh
Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25300 - 25400 range.
Index has immediate support near 24600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
Banknifty Intraday Analysis for 08th October 2024NSE:BANKNIFTY
Index closed near 50480 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 30.57 Lakh
51500 Strike – 17.12 Lakh
51000 Strike – 10.47 Lakh
Put Writing
50000 Strike – 16.18 Lakh
50500 Strike – 11.86 Lakh
51000 Strike – 11.49 Lakh
Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52800 – 53000 range.
Index has immediate support near 50100 – 50000 range and if this support is broken then index may tank near 49600 - 49500 range.