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NIFTY : TRADING LEVELS AND PLAN – 07-Feb-2025📌 🔹 Previous Close: 23,628.05 🔹 Important Zones to Watch: 🟥 Profit Booking Zone: 24,024 - 24,155 🟥 Last Intraday Resistance: 23,900 🟧 Opening Resistance: 23,747 🟧 No Trade Zone: 23,566 - 23,656 🟩 Last Intraday Support: 23,442 🟢 Support for Sideways Market: 23,346 📈 Scenario 1: Gap-Up Opening (Above 23,750) If NIFTY opens with a gap-up of 100+ points above 23,750, it will enter the Opening Resistance Zone (23,747 - 23,900). 🔹 Bullish Strategy: If NIFTY sustains above 23,900, expect a strong move toward the Profit Booking Zone (24,024 - 24,155). Ideal entry will be on retracement near 23,900 with SL below 23,850. 🔻 Bearish Scenario: If rejection is seen from 23,900 - 24,024, a short trade can be initiated targeting 23,750 - 23,650. Stop loss for short trade above 24,100. 📝 Pro Tip: A direct gap-up into a resistance zone often leads to profit booking. Avoid aggressive longs unless a breakout is confirmed. 📊 Scenario 2: Flat Opening (Between 23,566 - 23,656) A flat opening within the No Trade Zone (23,566 - 23,656) suggests uncertainty. Traders should wait for a clear breakout or breakdown. 🔹 Bullish Plan: A breakout above 23,656 can trigger a long trade targeting 23,747 - 23,900. SL for longs should be below 23,600. 🔻 Bearish Plan: If NIFTY breaks below 23,566, expect a drop toward 23,442. Short trade can be taken with SL above 23,600. 📝 Pro Tip: A flat opening often leads to range-bound price action initially. Avoid taking trades in the first 15-20 minutes unless a clear trend emerges. 📉 Scenario 3: Gap-Down Opening (Below 23,450) If NIFTY opens below 23,450, it enters the Last Intraday Support Zone. Watch for a reversal or further breakdown. 🔹 Buying Opportunity: A bullish reversal from 23,346 - 23,442 can give a long trade opportunity targeting 23,566 - 23,656. Stop loss for longs should be below 23,300. 🔻 Breakdown Plan: If 23,346 breaks, expect further downside toward 23,200-23,150. Short trade can be taken with SL above 23,400. 📝 Pro Tip: A gap-down below key supports often triggers panic selling. But if a quick pullback is seen, it might be a bear trap—wait for confirmation before shorting. ⚠️ Risk Management & Options Trading Tips ✔ Option Buyers: Trade ATM (At-the-Money) options and avoid OTM options when volatility is low. ✔ Option Sellers: If IV (Implied Volatility) is high, selling OTM strikes can be a good strategy. ✔ Always Use Stop Loss: Risk management is key to capital preservation. ✔ Avoid Overtrading: Stick to planned trades and don’t force setups. 📌 Summary & Conclusion 🚀 Bullish above: 23,656 (Target 23,900 - 24,024) 📉 Bearish below: 23,566 (Target 23,442 - 23,346) ⚠️ Key Zones to Watch: No Trade Zone & Profit Booking Area 📊 Expect Volatility: Let the market establish a clear direction before taking trades. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊 #NIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
NSE:NIFTYLong
by LiveTradingBox
Tata Motors Forms Reverse H&S, Targets 61.8% Fibonacci Level?Tata Motors trying to form a reverse head and shoulders pattern, a bullish indicator suggesting a potential price reversal. As the stock continues to rise, it is anticipated to touch the 61.8% Fibonacci retracement level possibly before the upcoming announcement of Quarterly results (17% up move from current levels), a critical point often associated with significant price movements. Investors should watch for confirmation of this pattern to gauge potential upward momentum. View invalidates below 720 on Daily close. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:TATAMOTORSLong
by Numan_SuriyaMohammed
SWING IDEA - BALAJI AMINESBalaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade. Reasons are listed below: Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound. 0.618 Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often referred to as the "golden ratio," suggesting a likely reversal or continuation of the uptrend. Bullish Marubozu Candle on Weekly Timeframe : The recent weekly candle is a bullish marubozu, characterized by little to no shadows, indicating strong buying pressure and potential for further upward movement. Support from 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages, providing strong support and confirming the long-term uptrend. Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend. Target - 2720 // 3030 // 3800 Stoploss - weekly close below 1875 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BALAMINESLong
by Visionary_Growth_Insights
5
SWING IDEA - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors. Reasons are listed below : Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum. Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend. Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout. Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment. Target - 1450 // 1590 Stoploss - weekly close below 1030 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JUBLPHARMALong
by Visionary_Growth_Insights
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals. Reasons are listed below : Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum. Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest. Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend. 50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment. Volume Spike : A significant increase in trading volumes highlights growing investor confidence. Target - 1190 // 1380 Stoploss - weekly close below 825 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:PNBHOUSINGLong
by Visionary_Growth_Insights
SWING IDEA - THE RAMCO CEMENTS Ramco Cements , one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals. Reasons are listed below : Cup and Handle Pattern Breakout : The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend. 1050 Resistance Zone : This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment. 2.5+ Year Consolidation Break : The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation. Bullish Engulfing Candle : A bullish engulfing candle on the daily timeframe highlights strong buying momentum. Target - 1150 // 1215 // 1340 Stoploss - weekly close below 925 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RAMCOCEMLong
by Visionary_Growth_Insights
2
Blue or Red - Which Alternative Would Play Out in NIFTY50?I see two major possibilities in NSE:NIFTY from Elliott Wave perspective, marked in red and blue. As per blue counts, B of ABC down was done at 24857.75 and we are in C down. The downmove in C so far was corrective W (internally WXYXZ, or triple zigzag) so the bounce this week should be X. X has already retraced more than 50%, though less than 61.8%, so there is a possibility this X is complete and wave Y down within larger wave C will unfold next week. Having said that, X may not be over and might do 61.8% or more so that leaves some more room on the upside followed by Y down. On the other hand, as per red counts, we are still in wave B of ABC down. 61.8% of the A is around 25125 so B might make an attempt towards or beyond that level. Once that's done, C should unfold on the downside. Bigger picture is that, C down is still pending (or already in progress as per blue count) in both scenarios. If we break the low of 23460 then blue wave counts would likely play out. But if we break this week's high of 23226.70 then either blue or red counts could be in play as per the upside levels mentioned in both cases. Let's see on which side camel will sit ...
NSE:NIFTY
by YetAnotherTA
NIFTY : Critical Support Retested – Bank Nifty Adds Pressure !Title: 📊 NSE:NIFTY (₹23,644.90): Critical Support Retested – Bank Nifty Weakness Adds Pressure! 🔍 Market Overview: Current Price: ₹23,644.90 Key Observation: NSE:NIFTY is hovering near the crucial support of ₹23,540 (previously held on Dec 20). Breakdown Risk: If ₹23,540 fails to hold, expect a slide toward ₹23,300 and possibly ₹23,150. Market Sentiment: The market remains in an oversold zone, signaling a potential technical bounce, but weakness dominates. 🛑 Impact of Bank Nifty Weakness: NSE:BANKNIFTY Trend: Also showing signs of weakness, which adds downward pressure on Nifty50. Key Correlation: Financials have a significant weight in Nifty50; Bank Nifty's weakness could accelerate Nifty's downside move. 📊 Support & Resistance Levels: Support: ₹23,540 → ₹23,300 → ₹23,150 Resistance: ₹23,750 → ₹23,880 → ₹24,000 📈 Fibonacci Insights: The Fibonacci retracement highlights ₹23,540 as a make-or-break level. A bounce from here could see Nifty testing ₹23,750 as the first resistance level. ⚖️ Strategy: For Traders: Below ₹23,540 → Short with a target of ₹23,300, keeping a strict stop-loss near ₹23,750. Above ₹23,750 → Look for intraday longs targeting ₹23,880–₹24,000. For Investors: Use dips around ₹23,300–₹23,150 to accumulate quality stocks for long-term investment. ⚠️ Key Risks: Continued selling pressure in Bank Nifty can trigger sharper declines in Nifty50. Global cues and FII activity remain critical for near-term direction. Disclaimer: I am not a SEBI-registered advisor. This analysis is purely for informational and educational purposes. Please consult a SEBI-registered financial advisor before making trading or investment decisions.
NSE:NIFTY
by Fight_Bulls_vs_Bear
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights: Price Action and Trend: The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future. A strong support level is evident near ₹2,454.60. Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around ₹3,023 to ₹3,150. Fibonacci Levels: Fibonacci retracement levels are drawn from a previous significant swing low to high: 0.5 Level: ₹3,023.50 (a key resistance level). 0.618 Level: ₹3,157.75 (another potential resistance zone). Targets: Target 1: ₹3,150.95 (based on Fibonacci 0.618 level). Target 2: ₹3,594.70 (prior high or 1 Fibonacci level). Target 3: ₹4,271.95 (extension at 1.618 Fibonacci level). Strong Resistance Zone: The shaded region indicates a historically strong resistance zone, where the price has struggled to break above in the past. Outlook: If the price breaks above the resistance zone, it could aim for Target 1 and potentially higher targets. A breakdown below the triangle's lower trendline or ₹2,454.60 could lead to a bearish scenario.
NSE:DEEPAKNTRLong
by The90sTraderOfficial
SWING IDEA - EXCEL INDUSTRIESExcel Industries , known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals. Reasons are listed below : Breaking out 1600 Zone : The price has tested this level multiple times and is now set to potentially break through, signaling strength. Trendline Breakout : A breakout following a period of consolidation at the higher end of the trendline suggests momentum building. Highest Weekly Close Since 2019 : The recent price action reflects significant bullishness, closing at levels not seen in years. Intact Trend : The formation of higher highs and lows indicates that the bullish trend remains solid. Trading Above 50 and 200 EMA : The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support. Target - 1920 // 2130 Stoploss - weekly close below 1425 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:EXCELINDUSLong
by Visionary_Growth_Insights
BEML Ltd: Bullish Breakout AnalysisUpdate: BEML secured a ₹136 crore order from the Ministry of Defence, strengthening its fundamentals and boosting investor sentiment. Technical Highlights: Breakout Zone: Stock broke above ₹4,500 resistance with strong volumes, confirming bullish momentum. Key Levels: Support: ₹4,300 | ₹4,040 Resistance: ₹4,762 | ₹4,995 | ₹5,205 | ₹5,472 (Fibonacci target). Trend: Higher highs and higher lows indicate a sustained uptrend. Momentum: RSI in overbought territory suggests strong buying pressure, with potential minor pullbacks. Outlook: The technical breakout, combined with a solid fundamental catalyst, positions BEML for a potential rally toward ₹5,200–₹5,470. A stop-loss below ₹4,300 is advised for risk management. Disclaimer: This is for educational purposes only. Please consult a financial advisor before investing.
NSE:BEMLLong
by AngshumanSaikia
Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart: Key Observations: Resistance and Breakout Zone: The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing. A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move. Support Level: The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level. Targets Identified: Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620. Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs. Consolidation Phase: The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout. Targets: Short-term: A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1). Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2). Medium-term: If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario. Trading Plan: Entry: Enter on a breakout and sustained close above ₹3,620 with volume confirmation. Stop Loss: Place a stop loss at ₹3,500 (below the breakout zone) to manage risk. Target Levels: Short-term target: ₹3,883. Medium-term target: ₹4,106. Pullback Opportunity: If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point. Conclusion: Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
NSE:CUMMINSIND
by The90sTraderOfficial