X-indicator
Vedanta cmp 449.75 by Weekly Chart viewVedanta cmp 449.75 by Weekly Chart view
- Price Band 418 to 436 Support Zone
- Next Support Zone 321 to 331 at Price Band
- Volumes are seen as steady and stable over the past few weeks
- Stock seemingly respecting and testing retesting good Support Zone 420 to 440
- 2+ years long timeframe Bullish Rounding Bottom with neckline at Support Zone
- Technical setup indicative of good upside probability until Price closure sustains above Support Zone
BANK NIFTY - DOUBLE BOTTOM - 1HR CHARTIf Bank Nifty breaks 51600 then there is Probability of going up.
Resistance: 51600, 52000
Support: 51500, 51000
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Kalyan Jewellers cmp 787.90 by Daily Chart viewKalyan Jewellers cmp 787.90 by Daily Chart view
- Price Band 778 to 787 Resistance Zone soon to be Support Zone
- Daily Support at 748 > 710 > 666 with Resistance at ATH 795.40 done today
- Bullish Cup & Handle with the neckline at Resistance Zone soon to be Support Zone
- Positive indicators of MACD, RSI with Price hovering well above EMA 20, 50, 100, 200
- Volumes gradually aligning with avg traded qty indicative of pre breakout accumulation
BTC Update as on Jan 02, 2025BTC Swing Trade View :
As per the current price action Support Area around 91800-95000. This is where the price has found some stability after the recent pullback. It's a level where buyers have stepped in to prevent further price drops.
from the current market sentiments and from the time cycle perspective I am considering the following moves :
High Probability: This is what I am expecting ,Given the current trend, price is going to re test the recent ATH and can create new ATH if price able to form base at the marked support area after confirmation.
Mid Probability: This is a less certain move but still within a reasonable expectation for price movement in case price failed to hold the support area.
Low Probability: This move indicates areas where the price is less likely to go based on current trends, which seems to be below the support area.
Areas with darker shades on volume profile (purple) is where a lot of trading activity happened and price need to claim High of this area to validated my High probability move .I am waiting for confirmation of Low on BTC also as I am waiting on GOLD , I am going to update my trade as soon as I will get the confirmation.
Asian Paints - Reversal on the Cards ?Asian Paints has undergone a very steep correction of around 38% as compared to the Nifty., breaking strong supports on the way down.
My view is that the reversal has begun and I will give reasons for the same:
1. Asian paints has approached its Dec 2020 support levels which were during the Covid levels of close to 2230-2277. It took multiple supports within this range before moving up and consolidating within the range.
2. On a daily chart it has to cover 2 very important zones before moving either way: a: 2325- 2340 and b: 2565-2760. It has also shown a positive divergence on the charts technically indicating a move upwards.
3. The stock has been over sold and as per law of averages, what goes down must go up as well. Short term this is going to give a decent return and long term it has proven itself already. Patience is the key.
4. A good opportunity to gather this stock would be in the range of 2250-2280 for a trgt of 2520/ 2615/ 2762++ with a SL of 2500.
5. Its P/E has corrected significantly as well and is not close to the industrial P/E. With growth in the housing sector, this is always an A1 favourite.
Plz note this is a view and is not a recommendation to buy or sell.
NG Next Move SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
Rico Looking For Reversal After Making King CandleToday, NSE:RICOAUTO made a King Candle with High Volumes and came back to its Resistance Zone. If it can neget it A Swing can be seen.
200 DSMA Will be the Target and 10 DSMA as SL.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Crudeoil Next Move SL 1Hr candle close only, Target Trigger Price
All detail for chat. good entry at mark price only. and must stoploss minimum risk and good profit. risk ratio 1:1 to manage modified SL. This is not call, Just my idea. Please understand your risk and take full responsibility of your actions
HDFCBANK // levelsAs of January 2, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,806.15.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,765
S2: ₹1,746
S3: ₹1,732
Resistance Levels:
R1: ₹1,797
R2: ₹1,812
R3: ₹1,830
These levels suggest that if the stock price falls below the immediate support at ₹1,765, it may find the next support at ₹1,746. Conversely, if the price rises above the immediate resistance at ₹1,797, it could encounter the next resistance at ₹1,812.
Additionally, the stock is testing support at ₹1,770. A downward breakthrough of this level could signal a negative trend.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
AFCONS // Levels Afcons Infrastructure Limited, a prominent construction and engineering company in India, specializes in infrastructure development across various sectors.
As of January 2, 2025, Afcons Infrastructure's stock (NSE: AFCONS) is trading at ₹520.90.
NSE INDIA
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹510.00
S2: ₹500.00
S3: ₹490.00
Resistance Levels:
R1: ₹530.00
R2: ₹540.00
R3: ₹550.00
These levels suggest that if the stock price falls below the immediate support at ₹510.00, it may find the next support at ₹500.00. Conversely, if the price rises above the immediate resistance at ₹530.00, it could encounter the next resistance at ₹540.00.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
Sensex // Levels As of January 2, 2025, the S&P BSE Sensex Index is trading at 79,204.16 INR, reflecting a 0.47% increase over the past 24 hours.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: 78,018
S2: 77,529
S3: 77,160
Resistance Levels:
R1: 78,877
R2: 79,246
R3: 79,735
These levels suggest that if the Sensex declines below the immediate support at 78,018, it may find the next support at 77,529. Conversely, if it rises above the immediate resistance at 78,877, it could encounter the next resistance at 79,246.
Additionally, the Relative Strength Index (RSI) is at 66.391, indicating a buy signal, while the Stochastic Oscillator is at 99.408, suggesting overbought conditions.
CIPLA // LevelsAs of January 2, 2025, Cipla Limited (NSE: CIPLA) is trading at ₹1,529.10, reflecting a 0.01% increase from the previous close of ₹1,529.00.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,516
S2: ₹1,503
S3: ₹1,487
Resistance Levels:
R1: ₹1,545
R2: ₹1,561
R3: ₹1,574
These levels suggest that if the stock price falls below the immediate support at ₹1,516, it may find the next support at ₹1,503. Conversely, if the price rises above the immediate resistance at ₹1,545, it could encounter the next resistance at ₹1,561.
Additionally, the Relative Strength Index (RSI) for Cipla is currently in a neutral range, indicating neither overbought nor oversold conditions.
Please note that stock prices are subject to market volatility, and it's advisable to consult financial advisors or use real-time trading platforms for the most current information.
DLF // Levels As of January 2, 2025, DLF Limited (NSE: DLF) is trading at ₹824.50, reflecting a 0.05% decrease over the past 24 hours.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹833.27
S2: ₹819.68
S3: ₹804.52
Resistance Levels:
R1: ₹848.43
R2: ₹862.02
R3: ₹877.18
These levels suggest that if the stock price falls below the immediate support at ₹833.27, it may find the next support at ₹819.68. Conversely, if the price rises above the immediate resistance at ₹848.43, it could encounter the next resistance at ₹862.02.
Additionally, the stock is currently trading between support at ₹820 and resistance at ₹900. A definitive break through one of these levels could indicate a new direction.
Bajaj Finserv Short Term TradeThe level around 1555 is an important support zone
Price has been approaching this zone with a falling atr,
and then shown some consolidation near the zone,
now there has been a rise from that level with a surge in volume and atr
Thus there is a short term trade,
tgt 1714, sl 1580