CIPLA // levels As of January 1, 2025, Cipla Limited (CIPLA) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,508.25
Next Support: ₹1,494.07
These levels suggest that if the stock price declines below ₹1,508.25, it may find support around ₹1,494.07.
Resistance Levels:
Immediate Resistance: ₹1,539.85
Next Resistance: ₹1,553.00
If the stock price surpasses ₹1,539.85, it could encounter resistance near ₹1,553.00.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
X-indicator
ICICIBANK // levelsAs of January 1, 2025, ICICI Bank Limited (ICICIBANK) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,278 – ₹1,274
Next Support: ₹1,268
These levels suggest that if the stock price declines below ₹1,278, it may find support around ₹1,268.
Resistance Levels:
Immediate Resistance: ₹1,288 – ₹1,294
Next Resistance: ₹1,298
If the stock price surpasses ₹1,294, it could encounter resistance near ₹1,298.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
BHARTIARTL // Level //As of January 1, 2025, Bharti Airtel Limited (BHARTIARTL) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: ₹1,568 – ₹1,549
Next Support: ₹1,534
These levels suggest that if the stock price declines below ₹1,568, it may find support around ₹1,534.
Resistance Levels:
Immediate Resistance: ₹1,602 – ₹1,617
Next Resistance: ₹1,636
If the stock price surpasses ₹1,617, it could encounter resistance near ₹1,636.
These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions.
For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful
AIIL STRONG MOVE POSSIBLE NOW 941
AIIL STRONG MOVE POSSIBLE NOW 941
SUPPORT 1575
GOOD FOR SHORT TO LONG TERM
qtr.
FII/FPI have increased holdings from 7.23% to 7.29% in Sep 2024 qtr.
Number of FII/FPI investors increased from 35 to 41 in Sep 2024 qtr.
Institutional Investors have increased holdings from 7.23% to 7.30% in Sep 2024
#AIIL
Nifty 50 falling wedge pattern trading strategyhe chart indicates a potential falling wedge pattern, signaling a bullish breakout opportunity. To trade this pattern, wait for the price to break above the resistance zone at ₹24,200, which serves as the entry point. For risk management, set a stop-loss at ₹23,000, just below the lower trendline. The first profit target can be calculated by measuring the height of the wedge (approximately ₹4,000) and adding it to the breakout point, yielding a target of ₹28,200. A secondary target can be placed near the next major resistance zone around ₹30,000. This trade setup offers a favorable risk-reward ratio, where the risk (₹1,200) is significantly smaller compared to potential rewards (₹4,000 to ₹5,800). Monitor the breakout for strong volume confirmation to validate the move.
BANKNIFTY levelsAs of January 1, 2025, the NIFTY Bank Index (BANKNIFTY) is exhibiting the following support and resistance levels:
Support Levels:
Immediate Support: 50,600 – 50,500
Next Support: 50,000 – 49,900
These levels suggest that if the index falls below 50,600, it may find support around 50,000.
Resistance Levels:
Immediate Resistance: 51,400 – 51,500
Next Resistance: 52,000 – 52,200
If the index surpasses 51,500, it could encounter resistance near 52,000.
Trendline Support"📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past.
🔍 Here's why this is exciting:
Trendline Support: The stock is respecting a multi-year ascending trendline.
Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268.
Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation.
🚨 Key Levels:
Support: 860-870
Resistance: 1,015 | 1,268
💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807."
#SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
IndSwift Ltd cmp 33.50 by Monthly Chart view since listedIndSwift Ltd cmp 33.50 by Monthly Chart view since listed
- Intermingled Cup & Handle pattern
- Price Band 33 to 37.50 Resistance Zone
- 1st Falling Resistance Trendline Breakout done
- 2nd Falling Resistance Trendline Breakout also done
- Close to 12 year's long Bullish Rounding Bottom formed having another intermingled Bullish Cup & Handle pattern
Pre Market analysis for 01/01/2025
Pre Market analysis for 01/01/2025
#NIFTY50
If market opens flat and breaks 23700 will plan for buying for target 23800 level.
If market opens gap down, and breaks 23550, then plan for selling for target 23450. level.
If market opens gap up, and sustains above 23700 level, then plan for buying for target 23850 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
BIOCON Support & Resistance Here are the support and resistance levels for Biocon Limited (NSE: BIOCON) based on recent market data:
Support Levels:
₹349 - ₹350: Immediate support, where buyers have recently shown interest.
₹341 - ₹345: A critical short-term support zone observed from previous trading sessions.
₹325 - ₹330: Stronger support level based on historical price action.
₹300 - ₹305: Psychological and long-term support zone.
Resistance Levels:
₹356 - ₹358: Immediate resistance, indicating selling pressure.
₹374 - ₹375: A significant short-term resistance observed from past highs.
₹390 - ₹395: Strong resistance near the 52-week high.
₹400+: Psychological resistance, where profit booking could occur if breached.
TCS Support & Resistance As of January 1, 2025, Tata Consultancy Services Limited (TCS) is trading at ₹4,114.10, reflecting a 0.47% increase from the previous close of ₹4,094.40.
Support and Resistance Levels:
Daily Support: ₹4,009.48
Daily Resistance: ₹4,117.38
Short-term Support: ₹4,153.41
Short-term Resistace: ₹4,315.60
These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum.
Technical Indicators:
Pivot Points:
Standard Pivot Point: ₹4,145.82
Camarilla Pivot Point: ₹4,088.93
Fibonacci Pivot Point: ₹4,145.82
These pivot points can help identify potential reversal levels during intraday trading.
Analyst Insights:
According to , TCS is currently in a negative trend. They suggest that if you are holding short positions, continue to hold with a daily closing stop loss of ₹4,176. Fresh long positions can be initiated if TCS closes above ₹4,176 levels. Support levels are identified at ₹4,038, ₹3,981, and ₹3,930, while resistance levels are at ₹4,146, ₹4,197, and ₹4,254.
ZOMATO Support & Resistance As of January 1, 2025, Zomato Limited (NSE: ZOMATO) is trading at ₹278.85, reflecting a 0.31% increase from the previous close of ₹278.
Support and Resistance Levels:
Daily Support: ₹275.95
Daily Resistance: ₹297.75
Short-term Support: ₹275.07
Short-term Resistance: ₹287.26
These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum.
Recent Performance:
52-Week High: ₹304.50
52-Week Low: ₹121.70
Market Capitalization: ₹252,051.3 crore
Over the past year, Zomato's share price has appreciated by approximately 123.33%, significantly outperforming the Nifty index's rise of 8.75% during the same period.
Analyst Insights:
The consensus among analysts is a 'Buy' rating, with a median price target of ₹320.00, suggesting a potential upside of about 15.11% from the current market price.
Highest Target Price: ₹375.00
Lowest Target Price: ₹130.00
AXISBANK Support & ResistanceTo determine the support and resistance levels for Axis Bank (AXISBANK), we analyze recent price action, key technical indicators, and historical price levels. Here’s an assessment based on the data:
Support Levels
₹1,058-₹1,060: This range represents the recent intraday low and a critical level where buyers have previously shown interest.
₹1,040-₹1,045: A strong support level observed from prior consolidation zones.
₹995-₹1,000: The 52-week low, acting as a major support zone.
Resistance Levels
₹1,070-₹1,075: A near-term resistance where selling pressure has been observed during intraday trades.
₹1,100-₹1,105: A psychological barrier and previous short-term peak.
₹1,125-₹1,130: A critical resistance level seen in past price movements.
₹1,339-₹1,340: The 52-week high and a long-term resistance point.
These levels are dynamic and may shift with new market data or significant trading volumes. If you'd like detailed technical charts or indicators for a precise breakdown, let me know!
Pre Market analysis for 01/01/2025
Pre Market analysis for 01/01/2025
#NIFTYBANK
If market opens flat and breaks 51000 level, will plan for buying for target 51400 level.
If market opens gap down, and breaks 50700 will plan for selling for target 50400. Wait for 15min candle close below level.
If market opens gap up, and sustains above 51000 level, then plan for buying for target 51400.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
HDFCBANK Support and Resistance LevelsAs of January 1, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,773.42.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹1,769.23
Support 2: ₹1,757.22
Support 3: ₹1,748.83
Daily Resistance Levels:
Resistance 1: ₹1,785.43
Resistance 2: ₹1,789.62
Resistance 3: ₹1,797.43
These levels are derived from pivot point calculations and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
BAJFINANCE Support & Resistance As of January 1, 2025, Bajaj Finance Limited (NSE: BAJFINANCE) is trading at ₹6,850.00, reflecting a 0.73% increase from the previous close of ₹6,800.00.
Support and Resistance Levels:
Daily Support Levels:
Support 1: ₹6,783.53
Support 2: ₹6,745.27
Support 3: ₹6,698.53
Daily Resistance Levels:
Resistance 1: ₹6,868.53
Resistance 2: ₹6,915.27
Resistance 3: ₹6,953.53
These levels are derived from the classic pivot table and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend
NACL Inds cmp 67.35 by Daily Chart viewNACL Inds cmp 67.35 by Daily Chart view
- Price Band 77 to 79 Resistance Zone
- 1st Falling Resistance Trendline Breakout in progress
- 2nd Falling Resistance Trendline Breakout yet to happen
- Bullish Cup & Handle within Rounding Bottom by neckline at 64.50
- Bullish Double Rounding Bottom in completion process with neckline at the Resistance Zone
- Daily basis Support at 61.50 > 55.75 > 48.50 with the Resistance seen at 75.50 > 82.75 > 90.50
Jio Financial Services:A Potential Breakout from the Descending?Chart Analysis
The chart displays a descending channel pattern, highlighting a bearish short-term trend within a longer consolidation phase. Key elements of the chart are as follows:
1. Demand Zone:
• The price has tested the ₹280–₹300 demand zone multiple times, indicating strong buyer interest.
• This zone is marked by a horizontal blue region, which has acted as a key reversal area in the past.
2. Descending Trendline:
• The downward sloping trendline, forming the upper boundary of the channel, has consistently capped price recovery.
• A breakout above this line near ₹320–₹340 will signal a potential bullish reversal.
3. Volume Analysis:
• Current volumes suggest consolidation. A breakout on higher volumes above ₹320 would confirm bullish momentum.
• Conversely, a spike in selling volumes near ₹280 could trigger a bearish breakdown.
4. Projected Price Path:
• Bullish Path: A breakout from the descending channel may lead to an upward trajectory, targeting ₹360 and ₹400 in the medium term.
• Bearish Path: If the price breaks below the ₹280 level, the stock could move toward the ₹250–₹260 support zone.
5. Pattern Formation:
• The stock is forming a potential double bottom at the ₹280–₹300 range, a classic bullish reversal pattern if confirmed by a breakout above ₹320.
• If the price fails to break the neckline at ₹320, it may continue consolidating within the channel.
Key Levels to Watch
• Resistance: ₹320 (trendline breakout), ₹360, ₹400
• Support: ₹280, ₹260
Recent News and Updates
1. Growth Plans: Jio Financial Services is expanding aggressively in digital lending and fintech, aiming to capture underserved markets.
2. Innovative Partnerships: Collaborations with NBFCs and banks signal a strategic push toward SME and retail financing.
3. Sector Outlook: Favorable macroeconomic factors, such as stable interest rates from the RBI, provide an ideal environment for growth.
Market Sentiment
Global uncertainties may weigh on financial stocks in the short term. However, Jio Financial’s innovative digital strategies position it well for long-term gains.
Disclaimer
This analysis is for educational purposes only and is not intended as financial advice. Trading and investing involve risks. Always perform your own research or consult a qualified financial advisor before making any investment decisions.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Round Bottom Breakout in INDSWFTLTD
BUY TODAY SELL TOMORROW for 5%