Trend Lines
RAJRATAN GLOBAL, POSSIBLE BREAKOUT CANDIDATERajratan Global, CMP 499, witnessed huge correction from ATH.
Seems like at the bottom of both rounding bottom patterns, one
from its intermediate level as well as another from ATH level.
Important Support & Resistance levels are marked. Trendline
breakout will also coincide with up movement in rounding bottom,
again with due respect to key price levels.
BANKNIFTY forming FLAG-POLE pattern!!?As we can see BANKNIFTY had been sideways as analysed in our previous post but can be seen in more like flag pole pattern in bigger TF which is a sign of bullish continuation pattern hence any closing above our zone could show new ATH so plan your trades accordingly.
Nifty Intraday Analysis for 10th December 2024NSE:NIFTY
Index closed near 24620 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 110.01 Lakh
24700 Strike – 100.21 Lakh
24800 Strike – 67.86 Lakh
Put Writing
24500 Strike – 67.73 Lakh
24600 Strike – 54.14 Lakh
24700 Strike – 48.34 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Banknifty Intraday Analysis for 10th December 2024NSE:BANKNIFTY
Index closed near 53410 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 20.41 Lakh
53000 Strike – 12.58 Lakh
53500 Strike – 12.12 Lakh
Put Writing
52500 Strike – 16.06 Lakh
53500 Strike – 12.66 Lakh
53000 Strike – 12.46 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 53200 - 53000 range and if this support is broken then index may tank near 52850 - 52260 range.
Finnifty Intraday Analysis for 10th December 2024NSE:CNXFINANCE
Index closed near 24725 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.30 Lakh
24900 Strike – 1.00 Lakh
24800 Strike – 0.94 Lakh
Put Writing
24500 Strike – 0.95 Lakh
24700 Strike – 0.88 Lakh
24800 Strike – 0.88 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25000 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24375 – 24325 range.
Midnifty Intraday Analysis for 10th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 7.59 Lakh
13300 Strike – 2.50 Lakh
13200 Strike – 1.53 Lakh
Put Writing
13000 Strike – 6.55 Lakh
12600 Strike – 2.86 Lakh
12700 Strike – 1.82 Lakh
Index has immediate resistance near 13025 – 13075 range and if index crosses and sustains above this level then may reach 13200 – 13225 range.
Index has immediate support near 12850 – 12800 range and if this support is broken then index may tank near 12750 – 12700 range.
Dmart Avennue Supermarkets Breakout of TrendlinesDmart breakout of couple of trendlines which changed the bearish structure to bullish, now at support level testing the breakout area if held can long till 3960 to 4000 area ,watch for any positive candle stick pattern here to long. If support breaks Long invalid.
Educational purpose only do your own research before taking entries.
IRCTC Long Idea......IRCTC looks good for reversal.
It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH.
Targets are given in chart. SL for safe traders is trendline it was taking support on.
Risk management is Priority. Need to consider broader market conditions before taking position as swing.
I am personally going to average at horizontal support if at all it comes.
NOTE : Fundamentals are good. Top line 3Y sales growth CAGR = 77% , Bottom line 3Y Profit growth CAGR = 90%. Good ROE. No peer to compare P/E as Monopoly & P/E,P/B < median
I'm personally buying it whenerver falls 5-10%.
XAU/USD Set to Break Consolidation and Target New All-Time High
XAU/USD has been trading in a consolidation phase, showing no significant upward or downward movement between November 25 and December 9. Previously, it hit a low of 2537 on November 14. Sellers have been attempting to push the price back to this level, but they’ve struggled to break below the psychological support at 2600.
This inability to breach key support suggests bearish momentum is weakening. With the price holding firm above 2600, the likelihood of a breakout above the trendline increases. If this happens, gold could rally to test its all-time high of 2780–2800.
NIFTY Pattern (POLE and Flag Pattern) 24900/243501. If Nifty successfully crosses the 24680/690 level then the coming targets will be 24855 and 24980 as per Pole and Flag pattern
2. But if it fails (POLE and Flag pattern Failed) and the Nifty breaks below 24590/570, then the coming targets will be 24370 and 24280.
Advice:
1. If you are doing future then take the option as hedge.
2. If you are doing Option selling, take option buying as hedge.
3. Naked option buyers please take both CALL and PUT for safer side.(So, your total will be more then buying price)
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
Is CYBERUSDT Primed for a Bullish Breakout? Yello, Paradisers! CYBERUSDT is inching toward a crucial resistance zone and trendline after forming a "W" pattern with bullish divergence—a pattern often signaling potential upward momentum. But what does it need to move with real strength?
💎If CYBERUSDT successfully breaks through this resistance zone and trendline with a solid candle close above, it would confirm the "W" pattern, significantly increasing the likelihood of a bullish move.
💎However, if CYBERUSDT encounters a pullback instead, we’ll be watching for a bounce from the support zone. To stack the odds in our favor, we’d ideally want to see inducement followed by a bullish I-CHoCH (internal change of character) on lower timeframes, which would add further confirmation.
💎On the flip side, if CYBERUSDT breaks down with a candle close below the support zone, this invalidates our bullish setup. In that scenario, waiting for clearer price action to re-establish a favorable position would be the most disciplined move.
🎖 Remember, the key to success is patience and discipline. Wait for the highest probability setups to present themselves, and only then make your move. Stick to your strategies, and you'll stay on the path to long-term profitability.
MyCryptoParadise
iFeel the success🌴
Nifty Intraday Analysis for 9th December 2024NSE:NIFTY
Index closed near 24680 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 73.49 Lakh
24700 Strike – 56.70 Lakh
24800 Strike – 40.09 Lakh
Put Writing
24500 Strike – 50.72 Lakh
24700 Strike – 45.38 Lakh
24200 Strike – 47.28 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Banknifty Intraday Analysis for 9th December 2024NSE:BANKNIFTY
Index closed near 53510 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 17.03 Lakh
53000 Strike – 12.96 Lakh
53500 Strike – 9.93 Lakh
Put Writing
52500 Strike – 15.06 Lakh
53000 Strike – 12.95 Lakh
53500 Strike – 10.00 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 53200 - 53000 range and if this support is broken then index may tank near 52850 - 52260 range.
Finnifty Intraday Analysis for 9th December 2024NSE:CNXFINANCE
Index closed near 24705 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.19 Lakh
24800 Strike – 0.61 Lakh
24500 Strike – 0.51 Lakh
Put Writing
24000 Strike – 1.19 Lakh
24500 Strike – 0.81 Lakh
24200 Strike – 0.68 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25000 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24375 – 24325 range.
Midnifty Intraday Analysis for 9th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12960 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 5.10 Lakh
13300 Strike – 2.59 Lakh
13200 Strike – 1.70 Lakh
Put Writing
13000 Strike – 3.98 Lakh
12700 Strike – 1.93 Lakh
12900 Strike – 1.84 Lakh
Index has immediate resistance near 13000 – 13050 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
54000 levels needs to be broken for new ATH !!Following our analysis. BANKNIFTY rallied over 2000++ points from our demand zone and finally reached resistance which we had previously analysed being a gap acting as important resistance hence as long as BANKNIFTY maintains itself below 54000 levels we can see BANKNIFTY being negative to volatile till it finally breaks above 54000 levels and sustains itself for new ATH so plan your trades accordingly and keep watching.
RVNL Forming Good Patterns. Ready for an upmove?RVNL
At a support level and forming multiple patterns. It offers good RR at this level.
- Double Bottom
-Cup & Handle
-Trendline Breakout.
-Candles were narrow right before a breakout and volumes were dry during the pullback.
Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite.
520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry.
Please consult with your financial advisor before investing. The chart shared is for educational purposes.