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Wave Analysis

Bears Taking hold in SBINHow's the josh Traders !! In SBIN, you all Can Clearly see the chart that SBIN has clearly took resistance at 0.718 % of Fibonacci retracement and I think this is Wave 2 forming & Completed in SBIN. Next is Wave 3 impulse wave (Wave 3 is the Longest among all Impulse Wave) so we can clearly see a Downtrend Starting in SBIN. SO, SELL SBIN @ 837-850 STOPLOSS @ 875 TARGET @ 700/680 NOTE : This is for Educational purpose please ensure with your financial advisor before taking any trade. HAVE A GOOD DAY TRADERS
NSE:SBINShort
by Trading_Bulls0000
13
#Nifty directions and levels for November 27th.Good morning, friends! 🌞 Here are the market directions and levels for November 27th. Market Overview: The global markets are showing bullish sentiment (based on the Dow Jones only), and our local market has maintained a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 40 points. There have been no significant changes in the last session. In the previous session, both Nifty and Bank Nifty consolidated after the decline. What about today? If you look at the Nifty structure, there is consolidation after the long rally. Structurally, it may continue further until it breaks the consolidation range. If it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let's look at it on the chart. Nifty Current View: Even if the market opens with a gap-up, it could decline initially. If this happens, the range market will continue between the previous high and the demand zone. In this case, if it breaks the demand solidly, then 24006 will act as strong support. Alternate View: The alternate scenario suggests that if the market sustains the gap-up and breaks the 24303 level, we can expect further pullback continuation to the 38% Fibonacci level. This is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(38%), then the rally will likely continue.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for November 27th.Bank Nifty Current View: Bank Nifty has a similar sentiment to Nifty. If there is an initial market decline, we can expect range market continuation between the previous high and the downside demand zone. Alternate View: The alternate scenario suggests that if the market sustains the gap-up, it could reach 52680, which is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(52680), then the rally will likely continue.
NSE:BANKNIFTY
by Manickamtraders
Deepak Fertilizer getting ready for a run upNSE:DEEPAKFERT Started tracking it since it last broke 52-week high on Nov 6. It gave a good closing but because of the overall market correction couldn't get the follow up move. Next attempt to break was made on Nov 12th. However, the traders past stuck on the high took it as exiting opportunity at breakeven. Since then it has been going on like that. So as a result all weak hands are out. Now as the range tightening and liquidity contracting, the setup is almost set to make it further move either side. As you guys know I approach every trade as 'Risk-First'. Rather than hoping how much profit I can make, I first see how much I can lose in a setup. So my risk is here just ~0.9% which is suitable for my trading style. Expecting a blast in a day or two as market gets out of its indecisive mood. Keep observing. Keep improving. Bcz, in trading: #Learning is the ultimate Earning 🎯📚
NSE:DEEPAKFERTLong
by Trendxinc
Potential Bullish Setup for Steel Authority of India (SAIL)Chart Structure: The stock is moving within a well-defined ascending channel, connecting Common Bottoms and Common Tops over the long term. Currently, the price is bouncing off the lower boundary of this channel, signifying a strong support level. Key Observations: Doji Candle Formation at support indicates a potential reversal signal. This aligns with the S&R Flip zone , where prior resistance has now become strong support. The overall trend remains bullish, as highlighted by the steady uptrends after each Time Correction phase . This suggests continuation towards the upper end of the channel. The immediate resistance lies near ₹140 , with the Supply Zone observed around ₹220-₹240. Trade Plan: Entry : Around current levels near ₹115-₹118, as the price holds the channel support. Target 1 : ₹140 (near-term resistance). Target 2 : ₹190-₹200 (upper channel boundary). Stop Loss : Below ₹108 (break of channel support and S&R Flip level). Risk-Reward Ratio: The setup offers an attractive risk-to-reward ratio of approximately 1:3, making it favorable for swing trading. Caution : A sustained breakdown below ₹108 may invalidate this bullish scenario. #SteelAuthorityOfIndia #SAIL #SwingTrading #TechnicalAnalysis #PSU
NSE:SAIL
by MyT_Trader
XYO/USDT Bullish Chart AnalysisXYO/USDT Bullish Chart Analysis $XYO is looking strong, with a 108% gain last week, supported by good volume. Reminder: Don’t buy in FOMO! Always wait for a better entry. ▪️ Suggested Entry Zone: Between $0.0075 and $0.006 ▪️ Target Levels: $0.022/$0.039/$0.063/ATH ▪️ Stop Loss: $0.005 (This setup comes with high risk and high reward.) What to Watch: A triangle breakout on the higher timeframes could lead to a big move upward. 🚀 Be patient and trade smart.
Long
by CryptoPatel