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BTC forming wonderful scenarioBTC is forming good scenarios for bullish and subsequently bearish trade. It has created ABC pattern and retracing back to bullish FVG. We need to wait for price getting into right zones. We may also see a sell side trade once reaches to bearish FVG. 1. Currently price has broken ABC pattern neckline and retracing towards 1h FVG. 2. We may also see a sell side trade once price tap into bearish FVG and shows reversal pattern. 3. Most probably price will take liquidity of FVG and create MSS/CISD/TS/iFVG in LTF. 4. Price should show rejection/reversal in LTF (5m,1m) at FVG zone. 5. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF All these combinations are signalling a high probability and ~4R trade scenario. Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas. Also Feel free to comment if you have any input to share. Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
DELTAIN:BTCUSD.PLong
by hari_log
BEML looks Bullish - Swing / PositionalBEML seems to be breaking out of the classic VCP (volatility contraction pattern) on the Daily charts. Notice the compression in price from 12th Sep-25 . The stock has also been forming constant Higher Lows over the last 6 months. Daily charts RSI is also breaking out of the 60 level. Monthly & Weekly RSI look quite bullish too. It should definitely be in the watchlist of strong stocks. As per my analysis, a breakout is imminent and we can anticipate a fresh All time high of 5500 price levels in the coming months. SL - The previous swing low 4013 P.S. Not a recommendation. Please do your own due diligence.
NSE:BEMLLong
by Sky_Tracer
NIFTY KEY LEVELS FOR 16.10.2025NIFTY KEY LEVELS FOR 16.10.2025 Timeframe: 3 Minutes If the candle stays above the pivot point, it is considered a bullish bias; if it remains below, it indicates a bearish bias. Price may reverse near Resistance 1 or Support 1. If it moves further, the next potential reversal zone is near Resistance 2 or Support 2. If these levels are also broken, we can expect the trend. When a support or resistance level is broken, it often reverses its role; a broken resistance becomes the new support, and a broken support becomes the new resistance. If the range(R2-S2) is narrow, the market may become volatile or trend strongly. If the range is wide, the market is more likely to remain sideways please like and share my idea if you find it helpful 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your SEBI-registered financial advisor before making any trading or investment decisions. Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:NIFTY
by AATHIE
NIFTY 50 – 25350PE (20 OCT 2025) 15-Min Chart | Educational ViewBuy Setup: Entry near 107.05 100% Confirmation Level Profit Zones: First Target (Sell Zone): 117.30 Max Profit Zone: 129.05 EMA 9: Use for trailing profits from bigning Trade Plan: Book partial profit at 117.30 and hold balance up to 129.05, using EMA 9 for trailing profit Avoid buying if candle rejects near 107 or closes below 100. Disclaimer: This chart is only for educational purposes and not a buy/sell recommendation. Please do your own analysis and follow proper risk management before trading.
NSE:NIFTY251020C25300
by Powerniftypro
#NIFTY Intraday Support and Resistance Levels - 16/10/2025Nifty is expected to open with a gap up near the 25,320–25,350 zone, reflecting bullish sentiment and continuation of positive momentum. The index is currently trading within a consolidation zone between 25,200 and 25,550, indicating accumulation before a possible breakout. If Nifty sustains above 25,350 and crosses 25,550 decisively, a breakout move could trigger a rally toward 25,650, 25,700, and 25,750+. On the downside, immediate support lies near 25,250–25,200. A breakdown below 25,200 may bring weakness toward 25,100, 25,050, and 25,000-. Overall, the sentiment is mildly bullish with a gap up opening, but traders should be cautious near 25,550 — the upper band of the consolidation. Breakout confirmation above this zone will likely lead to fresh long opportunities, while failure could result in a range-bound session.
NSE:NIFTY
by TradZoo
“Nifty 50 Intraday Key Levels | Buy & Sell Zones 16th Oct 2025”“Want to learn more? Like this post and follow me!” 25580 🔴 Above 10m closing Shot Cover Level Strong resistance — short covering likely above this. 25433 🟠 Below 10m hold PE By level / Above 10m hold CE by level 25370 🟣 Above 10M hold positive trade view Below 10M hold negative trade view Sentiment deciding level — crucial for trend direction. 25280 ⚫ Above Opening S1 10m Hold CE By level Bullish entry level — CE hold area. 25170 🟠 Below Opening R1 10m Hold PE By level Below 10m hold PE By Risky Zone Weak zone — PE may strengthen below this. 24990🟢 Above 10M hold CE By Safe Zone level Safe bullish zone — CE can be held confidently above. 24980🔵 BELOW 10M hold UNWINDING level Breakdown zone — unwinding or heavy selling possible below.
NSE:NIFTYShort
by mayuraj_820
[INTRADAY] #BANKNIFTY PE & CE Levels(16/10/2025)Bank Nifty is likely to open with a gap up near the 56,800–56,850 zone, reflecting strong positive momentum carried over from the previous session. The index is trading above key resistance levels, indicating buyer dominance and potential continuation toward higher targets. If Bank Nifty sustains above 56,850–56,900, we may see a further rally toward 57,050, 57,250, and 57,350+. A breakout above 57,450 will strengthen the bullish trend, opening the path toward 57,600+. On the downside, immediate support lies near 56,600–56,550. A drop below this level could trigger a minor pullback toward 56,400 and 56,250 zones. Overall, the sentiment remains bullish with a gap up opening, but traders should monitor price action near the 57,000–57,050 resistance zone for potential profit booking or reversal setups. Using a trailing stop loss is advised to protect gains in a trending market.
NSE:BANKNIFTY
by TradZoo
Nifty Futures trading strategy for 16th October 2025📊 NIFTY FUTURES INTRADAY TRADING PLAN (Based on 15-Minute Candle Strategy) 🟢 Buy Setup ✅ Entry Condition: Buy above the high of a 15-minute candle that closes above 25,510. 🎯 Targets: Target 1️⃣ – 25,540 Target 2️⃣ – 25,575 Target 3️⃣ – 25,599 🛑 Stop Loss: Below the low of the same 15-minute candle. 🔴 Sell Setup ✅ Entry Condition: Sell below the low of a 15-minute candle that closes below 25,365. 🎯 Targets: Target 1️⃣ – 25,330 Target 2️⃣ – 25,300 Target 3️⃣ – 25,270 🛑 Stop Loss: Above the high of the same 15-minute candle. ⚙️ Additional Notes: Wait for candle close confirmation before entering a trade. Avoid trading during major news events or volatile market conditions. Always manage your risk per trade. ⚠️ Disclaimer: 📉 I am not a SEBI-registered analyst. All information shared here is for educational and informational purposes only. Please do your own research and analysis before making any trading decisions. Trading in the stock market involves risk of loss.
NSE:NIFTY1!
by ramkkyy
Gold Trading Strategy for 16th October 2025🟡 GOLD TRADING STRATEGY (INTRADAY SETUP) 💰 Buy Setup: 🔹 Entry: Above the high of 15-min candle (only if candle closes above $4228) 🎯 Targets: 1st Target → $4237 2nd Target → $4249 3rd Target → $4265 🛡️ Stop Loss: Below $4218 (or previous candle low) 🔻 Sell Setup: 🔹 Entry: Below the low of 1-hour candle (only if candle closes below $4181) 🎯 Targets: 1st Target → $4170 2nd Target → $4165 3rd Target → $4150 🛡️ Stop Loss: Above $4190 (or previous candle high) ⚙️ Strategy Notes: 📈 Wait for candle confirmation on closing basis before entering. 📊 Follow strict risk management — avoid over-leveraging. ⏰ Works best during London–US session overlap for high volatility. ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Trading in commodities like Gold (XAU/USD) involves risk of capital loss. Always perform your own analysis or consult your financial advisor before executing any trade.
TVC:GOLD
by ramkkyy
MRF Ltd – Wave 5 Ending Diagonal & RSI WarningThe weekly chart of MRF Ltd appears to be completing a Wave 5 ending diagonal, a structure that often marks the final leg of a larger impulse. The internal waves (i)–(v) overlap neatly within converging trendlines, signalling exhaustion rather than expansion. Meanwhile, RSI is diverging—price printed a new high, but momentum failed to confirm. This bearish divergence suggests the rally is running on fumes. A break below the lower wedge line could open the door for a sharp corrective decline, potentially retracing a good portion of the entire fifth-wave rise. Summary : Final push likely done. Momentum fading. Watch the wedge support—if it cracks, the tyre may finally deflate. Disclaimer : This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:MRFShort
by WaveXplorer
Gold trading strategy | October 15-16✅ From the 4-hour chart: Gold is currently trading between the midline and upper boundary of the ascending channel, with the overall trend still dominated by the bulls. The moving averages (MA5, MA10, MA20) remain in a bullish alignment, confirming an upward trend in the short to medium term. However, since the candlesticks have been bullish for several consecutive sessions, there is some short-term technical correction pressure. The Bollinger Bands continue to expand upward, with the upper band around 4246. The price is moving near the upper band, showing a strong consolidation phase. The middle band (around 4122) provides interim support, while the lower band (around 3999) serves as the major bullish defense zone. Gold is expected to consolidate within the 4170–4240 range before deciding its next direction. ✅ From the 1-hour chart: After reaching the 4218 high, gold quickly pulled back and is now oscillating between 4190–4205. The MA5 and MA10 have flattened, indicating weakening short-term momentum. The MA20 (around 4192) acts as current support, and price is fluctuating around this area. The Bollinger Bands are slightly narrowing, suggesting reduced volatility in the short term. The middle band (around 4192) serves as the key pivot level—if broken, the price may retest the 4170 region. Overall, the structure remains strongly consolidative, with a tendency to rebound upward after a pullback. As long as 4150 remains unbroken, gold still has potential for another upward move. A break below 4150, however, could trigger a deeper short-term correction. 🔴 Resistance Levels: 4225–4235 🟢 Support Levels: 4165–4175 ✅ Trading Strategy Reference: 🔰 If gold pulls back to the 4165–4175 area and holds, consider entering long positions in batches. 🎯 Targets: 4200 / 4218 🔰 If the price rebounds to the 4225–4235 zone and faces resistance, consider a light short position. 🎯 Targets: 4170–4160 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
OANDA:XAUUSD
by GoldTradingProX
Tatva Stock Breakout: Descending Trend Line & Bullish MomentumThis TradingView chart highlights Tatva’s price action as it breaks above a descending trend line on October 15, 2025, signaling a strong bullish move. Key levels such as the lower base, breakout zone, and price targets (₹1219.30, ₹1276.60, ₹1300.00) are marked, with EMA indicators supporting positive momentum. The chart includes recent fundamentals, making it ideal for technical traders analyzing breakout setups and trend reversals in specialty chemicals stocks for Q4 2025
NSE:TATVA
by TradeTravel_Explore
Nifty 50 Channel & Market Breadth Confluence AnalysisThis chart replaces the RSI indicator with a market breadth analysis, offering a broader view of participation across Nifty 50 components. The lower panel now plots a key market breadth indicator such as the Advance-Decline Line or the percentage of stocks trading above key moving averages, highlighting the overall health of the index. An uptick in breadth (broad participation) near resistance lines would strengthen the bullish thesis, while weakening breadth at key levels may warn of impending reversals. This updated setup combines price channel structure, moving averages, and market breadth metrics for more robust, actionable trading decisions.
NSE:NIFTYMIDSML400
by TradeTravel_Explore
Bank of Maharashtra (D) - Breaks Out of Bullish Triangle PatternBank of Maharashtra has delivered a powerful bullish signal today, breaking out of a classic Ascending Triangle pattern on high volume. This decisive move suggests that its consolidation phase is over and a new uptrend is likely beginning. The Setup: An Ascending Triangle Following a prior downtrend, the stock meticulously formed an Ascending Triangle pattern. This is a classic bullish structure characterized by a series of Higher Lows consistently pushing up against a flat horizontal resistance level, which in this case, has been in place since December 2024. This pattern indicates a gradual build-up of buying pressure. Today's Decisive Breakout Today's session (Wednesday, October 15, 2025) confirmed the bullish outlook with authority: - Strong Price Surge: The stock rallied by an impressive +7.60% . - Confirmed Breakout: The price decisively broke out and, importantly, closed above the key horizontal resistance of the triangle. - Huge Volume: The breakout occurred on huge trading volume , which provides strong confirmation and indicates significant buyer participation. Adding to the conviction, as you noted, trading volume has been steadily increasing over the past few days, suggesting smart money was accumulating shares in anticipation of this move. Underlying Technical Strength The breakout is well-supported by key momentum indicators. The short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) are both in a strong bullish state across the Monthly, Weekly, and Daily timeframes, indicating broad-based strength. Outlook and Key Levels With the bullish pattern now confirmed, the path of least resistance has shifted firmly upwards. - Bullish Target: If the stock sustains this breakout momentum, the next logical area of resistance and potential price target is the ₹65 level. - Bearish Target: If the stock fails the breakout momentum, it could pull back to the support level around ₹54 In conclusion, today's high-volume breakout from a classic bullish pattern is a very strong technical signal. The key now is for the price to remain above the ₹58 support level to validate the start of a new, sustained uptrend.
NSE:MAHABANKLong
by Learn_with_Pth0mas
TATA Comm (D) - Breakout Confirmed, But Indecision Pauses RallyTata Communications has completed all the phases of a classic bullish breakout, but today's trading action suggests a brief pause or indecision before a potential new leg up. The overall technical posture remains strong as long as the stock holds above its newly established support. The Setup: An Ascending Triangle Following a brief downtrend from its September 2024 All-Time High, the stock began forming a solid base. This took the shape of a classic Ascending Triangle , characterized by a series of Higher Lows pushing up against a flat horizontal resistance of Equal Highs . This is a powerful bullish pattern that indicates building pressure. Last week, the stock successfully broke out of this pattern. More importantly, during the current week, it performed a successful retest of the breakout level, with the old resistance now acting as new support—a strong sign of a valid breakout. Today's Indecisive Action Today's session (Wednesday, October 15, 2025) started with strong bullish intent: - The stock opened with a gap-up on good volume. - However, by the end of the day, it formed a neutral candle (like a Doji or Spinning Top). This indicates that despite the initial buying pressure, neither bulls nor bears could gain control, resulting in a stalemate for the session. This suggests a momentary pause or indecision. Underlying Technical Strength Despite today's pause, the broader technical picture remains firmly bullish. Key momentum indicators, including the short-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI), are in a bullish state across the Monthly, Weekly, and Daily timeframes. Outlook and Key Levels With a confirmed breakout and retest, the path of least resistance has shifted upwards. - Bullish Target: If the bullish momentum resumes after this brief pause, the next logical area of resistance and potential target is the ₹2,175 level. - Critical Support: The breakout point, around ₹1,813 , is now the most critical support level to watch. As long as the stock remains above this "line in the sand," the bullish outlook remains intact. A close below this level would negate the breakout. In conclusion, while today's action signals a short-term pause, the overall technical evidence is bullish. The key is for the stock to hold the critical ₹1,813 support level before continuing its uptrend.
NSE:TATACOMMLong
by Learn_with_Pth0mas
GMBREW: Broke Out Post Q2 FY26 with 10x Vol, Chart of the WeekA Small-Cap Brewery Stock NSE:GMBREW Broke Out With 10x Volume and Posted 61% Profit Growth in Q2 FY26. Let's Analyse in the "Chart of the Week" As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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. Price Action Analysis: Trend Structure: - The stock has been trading in a well-defined ascending triangle pattern from March 2023 to September 2025 - Lower trendline support starts around 500 levels and has been holding consistently - Upper resistance formed a symmetrical descending trendline from the August 2024 peak near 1,049 - The consolidation phase between 650-750 lasted approximately 12-14 months, indicating strong accumulation Recent Breakout Dynamics: - On October 9, 2025, the stock witnessed a powerful breakout above the descending resistance trendline - The breakout candle closed at 894.45, representing a gain of 22% in a Week - Price crossed above the Volume Weighted Average Price (VWAP) with conviction - The breakout occurred exactly at the apex of the symmetrical triangle, a textbook technical setup Base Formation: - A solid base was formed between 650-750 levels from June 2024 to September 2025 - This 15-month consolidation created a strong platform for the next leg up - The base shows higher lows, indicating persistent buying interest - Multiple tests of the 700 level without breaking down confirmed strong institutional support Volume Spread Analysis: Volume Surge Characteristics: - The breakout day witnessed volume of 11.88 million shares, representing approximately 10x the average Weekly volume - Prior peak volume was recorded in July 2024 at around 11 million shares during a similar rally - The volume spike confirms genuine institutional participation rather than retail speculation - Volume during the consolidation phase remained subdued, typical of healthy base-building Volume-Price Correlation: - The recent volume expansion coincided with the Q2 FY25 earnings announcement - Volume preceded the price breakout, suggesting informed accumulation - Absence of distribution volume during the decline from 1,049 to 650 indicates strong hands holding positions Support and Resistance Levels: Key Support Zones: - Immediate support: 850-860 (breakout point and previous resistance turned support) - Secondary support: 780-800 (VWAP zone) - Major support: 700-720 (top of the consolidation base) - Critical support: 650 (lower boundary of the triangle pattern) Key Resistance Levels: - Immediate resistance: 900-920 (psychological level and minor supply zone) - Major resistance: 1,000-1,049 (previous 52-week high from August 2024) - Extended resistance: 1,150-1,200 (measured move from triangle breakout) - Long-term resistance: 1,300-1,350 (Fibonacci extension based on prior rally) Technical Pattern Recognition: Symmetrical Triangle Breakout: - The pattern took 18 months to form, indicating a significant accumulation phase - Pattern reliability is high, given the strong volume confirmation - The apex breakout timing increases the probability of follow-through momentum Volume Price Analysis (VPA): - The breakout exhibits classic VPA characteristics: rising prices on expanding volume - No signs of climactic selling during the base formation - Professional money accumulation is evident from the volume footprint - Current setup suggests continuation rather than exhaustion Sectoral Backdrop and Industry Analysis: Indian Alcohol Sector Overview: - The Indian alcohol market is estimated at USD 60.11 billion in 2025 and expected to reach USD 101.10 billion by 2032, exhibiting a CAGR of 7.7% - India's growing middle class is becoming more affluent, driving increased alcohol consumption as disposable incomes rise - India's total alcoholic beverage sector is the world's third largest, with yearly sales of $44 billion - In India, beverage alcohol volumes rose 4% in the first half of 2024, driven by strong demand for premium-plus spirits Growth Drivers: - Premiumization trend as consumers upgrade to higher-quality spirits and beer - Expanding retail distribution channels, including modern trade and e-commerce - Rising disposable incomes and urbanization are creating a larger addressable market - Changing social attitudes toward moderate alcohol consumption, especially among younger demographics - Tourism and hospitality sector recovery post-pandemic, boosting on-premise consumption Sector Risks and Challenges: - Heavy regulatory environment with varying state-level policies on alcohol sales - High taxation is impacting margins and affordability - Licensing complexities and distribution restrictions in certain states - Raw material price volatility affecting input costs - Social stigma and health concerns are potentially limiting market expansion Fundamental Analysis: Recent Financial Performance: - In Q2 FY26, net profit rose 61% year-on-year, with revenue growing 20% to ₹718 crore, while EBITDA margin expanded to 6.25% from 4.62% - For H1 FY26, total revenue reached ₹1,356 crore, marking 13% growth, with net profit rising 30% to ₹61 crore - Margins saw healthy growth at 24.9% compared to 18.9% last year - The strong Q2 results were the primary catalyst for the recent breakout Company Fundamentals: - Market capitalization stands at approximately 2,042 crore with annual revenue of 679 crore and profit of 143 crore - Promoter holding is strong at 74.4%, indicating management confidence - The company has delivered moderate sales growth of 6.32% over the past five years - GM Breweries operates with no debt and demonstrates good profit growth Valuation Metrics: - As of October 9, 2025, GM Breweries is trading at a discount of 16% based on median intrinsic value estimates - The stock trades in the small-cap segment with relatively lower liquidity compared to large-cap peers - Recent earnings surprise has likely re-rated the stock, but valuation remains reasonable relative to growth - P/E multiple expansion likely as margins improve and profitability accelerates Competitive Positioning: - Compared to industry leaders, GM Breweries lacks strong brand value and has limited market coverage - The company operates primarily in select states, providing regional focus but limiting nationwide presence - Opportunity exists to expand distribution footprint and invest in brand building - Focus on operational efficiency and margin expansion differentiates from competitors Bull Case Arguments: - Strong earnings momentum with 61% profit growth, indicating operational leverage - Technical breakout from 18-month base supported by exceptional volume confirms institutional interest - Favourable industry tailwinds with 7.7% sector CAGR supporting long-term growth - Debt-free balance sheet provides financial flexibility for expansion - High promoter holding at 74.4% aligns management interests with shareholders - Current valuation at 16% discount to intrinsic value offers a margin of safety Bear Case Considerations: - Limited brand recognition compared to established industry players - Restricted geographic presence limits growth potential - Heavy regulatory oversight and taxation pose ongoing challenges - Small-cap liquidity concerns may lead to higher volatility - Dependence on discretionary consumer spending makes business cyclical - Historical revenue growth of 6.32% over five years is modest Monitoring and Review Parameters: Key Metrics to Track: - Quarterly revenue and profit growth rates versus expectations - Margin expansion, sustainability and operating leverage - Volume growth in key markets and product categories - Market share gains or losses relative to competitors - Any changes in promoter holding or institutional ownership patterns Technical Review Points: - Weekly closing price relative to the breakout level of 850 - Volume sustainability above 3-4 million shares daily average - Formation of higher highs and higher lows to confirm an uptrend - Any breakdown below 780 would invalidate the bullish thesis - RSI and momentum indicators for early signs of exhaustion Risk Triggers: - Fundamental: Any quarterly earnings miss or margin compression - Technical: Weekly close below 780 or breach of major support zones - Sectoral: Adverse regulatory changes or significant tax increases - Market: Broader market correction below key support levels affecting risk appetite - Time-based: If the stock underperforms the sector or broader market for two consecutive quarters Full Coverage on my Newsletter this Week Keep in the Watchlist and DOYR. NO RECO. For Buy/Sell. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FOLLOW for more 👍BOOST if you found it useful. ✍️COMMENT below with your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. As per the Latest SEBI Mandate, this isn't a Trading/Investment RECOMMENDATION nor for Educational Purposes; it is just for Informational purposes only. The chart data used is 3 Months old, as Showing Live Chart Data is not allowed according to the New SEBI Mandate. Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational 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.
NSE:GMBREWLong
by Karanshah137
6
Bank Nifty (Nifty Bank Index, 2-hour timeframe)... Bank Nifty (Nifty Bank Index, 2-hour timeframe) chart, here’s the clear technical chart: --- 🧭 Chart Observation Current price: Around ₹56,800 My marked a bullish breakout from the Ichimoku cloud and an uptrend channel. The “target point” line is drawn around ₹57,900–₹58,000 area. Trendline support sits much lower near ₹55,700. Cloud and Tenkan–Kijun lines both support bullish continuation. --- 🎯 Target Projection From the chart setup: Type Target Comment Primary (Short-term) ₹57,800 – ₹58,000 Matches my “target point” area and previous resistance zone. Extended (if breakout continues) ₹58,400 – ₹58,600 Possible if momentum and volumes stay strong. --- 📈 Suggested Trading Plan (Bullish Setup) Entry zone: On dips toward ₹56,400–₹56,500 Target: ₹57,800–₹58,000 Stop Loss: Below ₹56,200 (below Tenkan line / minor support) Risk–Reward ratio: ~1:2 --- ⚠ Notes The trend is clearly bullish; Ichimoku cloud is providing strong trailing support. Only if Bank Nifty closes below ₹56,200, the momentum could weaken, and support would then shift near ₹55,700 (trendline). --- ✅ Final Target: ₹57,800 – ₹58,000 That’s your next major resistance / profit-taking zone according to the chart.
NSE:BANKNIFTYLong
by HussaiN_JaNi
2