Nifty Intraday Levels | 5-DEC-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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X-indicator
Angel One Ltd - Short term Swing TradeFollowing are the support points
1) 50 DMA > 200 DMA
2) Long term trend reversed
3) Fibonacci retracement - reversed from 60 % golden ratio
4) Fibonacci extension - already crossed 38%
5) Inverted Head and Shoulder formed and BO occurred
Next target 3895 - 4402 onwards per Fibonacci extension.
Idea is purely academic in nature and not and advice for trading
correction still not overAshok Leyland CMP 233
Fib- the stock made lows at 38.2% with RSI halting above the bull zone. This is very very positive.
Elliott- the current rally is corrective in nature and hence this rally is not to be trusted.
On this correction we will judge its strength and then take a call.
Its about to correctApollo Hospital CMP 7182
RSI - negative divergence on the weekly chart is very negative. The stock make new highs with RSI in the bear zone is again negative.
Elliott- the current rally is corrective in nature and should not be trusted.
Conclusion - since the reversal is on the weekly charts the correction should be a decent one.
NIFTY 04-12-2024 - WEDNESDAYPossible explanation to Nifty Movements today ( The zigzag pattern)
pre open market was more like a hanging man where HDFC bank reliance industries, TCS were positive but ICICI Bank, infosys and other top IT where downward to flat. Hence, it was expected to be a flat market.
Opening was strong with back to back green candles but it could not break the standard deviation path for a long time hence it was expected to fall since its just opposite of what happened yesterday.
Resistance and support were both super strong which explains whever it touches extension of Resistance it falls back similarly when it touches extension of support it tends to pull back and return to mean position which is blue line.
All together for now market is positive and we expect people to stay a little deep in the money with small stop losses and re-entry.
Triangle Pattern | CDSL⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
FOR EDUCATION PURPOSE ONLY!!!Its just a chart pattern that i am showing to you and lets check where it goes and how it works for future reference
✅Latest CDSL News (November 2024):
▶️issuing bonus shares in a board meeting on July 2, 2024.
▶️Up 79.55% YoY, currently trading near ₹1,617.
▶️Managing over 10.4 crore demat accounts, boosted by retail investor growth.
✅Technical Analysis
📍Strong bullish momentum; trading near 52-week high
📍Support ₹1,550
📍Resistance ₹1,680.
📍RSI Overbought zone, signaling strength.
📍MACD Bullish crossover, indicating upward momentum.
📍Volume High trading volumes confirm price movements.
🎯Positive trend backed by financial strength but watch for market volatility.
💡✍️Applied Tools:-
✅Strong Chart Pattern
✅Channel Pattern
✅Strong Demand Zone
✅100 Day EMA
✅Fundamental Analysis
👉CDSL is one of two Indian depositories, earning from demat accounts, transactions, IPOs, and annual issuer charges.
👉High Net Profit Margins and Return on Equity.
👉Robust financial health.
👉Compare P/E and P/B ratios with peers; consistent dividend payer.
👉Market dependency, competition (NSDL), and regulatory changes.
👉Long-term growth supported by India’s growing financial market and digital adoption.
💡Check out my TradingView profile to see how we analyze charts and execute trades.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Double Rounding Bottom | HDFC BANK1️⃣ News on HDFC Bank
📍IPO Launch: ₹12,500 crore IPO for its subsidiary, HDB Financial Services
📍Profit Growth: 5.3% increase in net profit for the last quarter
📍Stock Surge: HDFC Bank shares have risen nearly 20% in three months
📍Market Position: High market cap and favorable investor sentiment
2️⃣Technical Analysis
⭕️Support around ₹1,500; important for maintaining upward momentum.
⭕️Breakout above ₹1,700 for potential buy signals.
⭕️Moving averages indicate bullish momentum.
⭕️Overbought territory suggests potential short-term corrections.
⚠️Conclusion
Strong fundamentals, including solid revenue growth The merger with HDFC Ltd. enhances its market presence, but it faces some margin pressures. Overall, it’s a good time to buy HDFC Bank stocks for long-term stability and growth, while keeping an eye on potential short-term volatility.
✅Check out my TradingView profile to see how we analyze charts and execute trades.
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IDEA: What is your idea sirji?As we all know and seen about the rise and fall of Idea stock due to AGR Dues and all other reason.
Let me know your opinion about should we again hop back on idea for next set of rally or idea is going to lose all its gloery this time.
IMO we have to wait till we can see a close above 12 rs on monthly time frame.
It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
BitCoin: A new Move about to start.BitCoin has been consolidated for the last 6-8 months in a channel shown in the graph.
As per prediction it is about to break that range and will move towards new and higher highs.
As per the chart and pattern structure in this current move it can go up to 100K easily and more above levels will be unlocked after that
SL must be 56k.
Targets 100k - 120k
Time range 8-10 months
it does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Maharashtra Seamless cmp 684.20 by Daily Chart viewMaharashtra Seamless cmp 684.20 by Daily Chart view
* Price Band 555 to 570 Support Zone
* Price Band 690 to 710 Resistance Zone
* Back to Back Bullish Rounding Bottoms with neckline at Resistance Zone
* Volumes are spiking intermittently above average traded quantity over past few days
* Price Closure above the Resistance Zone would provide an impetus for a fresh breakout
EUR/USD: Bearish Pressure IncreasesEUR/USD marked its second consecutive day of gains, extending its recent breakout above the 1.0500 level in response to the US Dollar's uncertain stance ahead of key US data releases later this week.
The 4-hour chart indicates that technical risks remain tilted to the downside, as the pair continues trading below all its moving averages. These averages maintain a bearish slope, creating dynamic resistance around the 1.0560 level. Meanwhile, technical indicators remain within negative territory, lacking clear directional strength.
In the short term, and according to the 4-hour chart, EUR/USD appears poised to extend its decline. The pair is trading below the bearish-moving averages, encountering sellers near the EMA 34 and 89 levels. Finally, technical indicators are neutral-to-bearish, positioned below their midlines, supporting the extension of the downtrend without providing a definitive confirmation.
Support levels: 1.0465, 1.0420, 1.0370
Resistance levels: 1.0560, 1.0625, 1.0660
Shivalik Rasayan is on breakout & ready for Multibagger ReturnsHello Everyone i hope you all will be doing good, today i have brought a stock which has given breakout of flag pattern, and now it is ready to fly in blue sky stock name is Shivalik Rasayan and it is established in 1981, is a manufacturer of organophosphorous based insecticides and chemicals. At present company is debt free company managing its affair from internal accrual. The company has a long established reputation as a reliable and accepted supplier of quality products around the globe that endorses their commitment towards quality. SRL’s manufacturing facilities are based in Dehradun, Uttaranchal on 21 acres land. The installed capacity of the facility is more than 1000 Metric Tons per year. The company uses the latest technology available in Agro Chemical along with the ultra modern techniques to control pollution for eco friendly environment.
Stock is good with consistent earning growth and it is giving best entry for long term investing, i will suggest everyone to do SIP in this multibagger gem. It is never gonna to disappoint you in long term. Follow all the levels which i have mention on the chart.
Fundamental Analysis
Market Cap
₹ 1,263 Cr.
Current Price
₹ 812
High / Low
₹ 827 / 493
Stock P/E
90.0
Book Value
₹ 326
Dividend Yield
0.06 %
ROCE
6.08 %
ROE
2.74 %
Face Value
₹ 5.00
Industry PE
33.3
Debt
₹ 96.7 Cr.
EPS
₹ 9.02
Promoter holding
48.0 %
Intrinsic Value
₹ 222
Pledged percentage
0.00 %
EVEBITDA
30.6
Change in Prom Hold
0.00 %
Profit Var 5Yrs
-1.35 %
Sales growth 5Years
9.86 %
Return over 5years
30.3 %
Debt to equity
0.19
Net profit
₹ 17.2 Cr.
ROE 5Yr
6.49 %
Profit growth
-0.57 %
Earnings yield
2.19 %
PEG Ratio
-66.7
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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XAUUSD todayHello dear friends, it's Samson here!
Gold prices continue to consolidate within a familiar range, as the market awaits a fresh catalyst to drive the next decisive move. What’s in store for gold, and what scenarios could unfold?
At the moment, sellers have hit the pause button, keeping an eye on key events like Federal Reserve Chair Jerome Powell’s remarks, U.S. employment data, and the all-important CPI report. These indicators will shape expectations for the Fed's policy outlook. According to the CME FedWatch Tool, traders are currently pricing in a 74% chance of a 25-basis-point rate cut at the upcoming Fed meeting. However, nothing is set in stone, and until clear signals emerge, the market may remain locked in consolidation mode.
On the technical front, gold could build bullish momentum to test significant resistance levels amid favorable news. However, if prices break below the critical support at 2636 and sustain that position, a bearish wave could gain traction sooner than anticipated.
This is a pivotal moment for XAUUSD, as the market balances between anticipation and action. What’s your take on the current setup? Let’s discuss your thoughts, forecasts, or any questions you have—together, we can navigate these shifting dynamics!
BACKTEST CHALLENGE WEEK #1
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BACKTEST CHALLENGE WEEK #1
I want to challenge myself, so every week I will handle 1–2 requests to code a trading system on TradingView based on ideas contributed by the community. (mostly XAU or BTC)
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