Key Levels to Watch: Profit Booking Zone: 23,775 – 23,830 Last Intraday Resistance: 23,663 Opening Resistance: 23,588 – 23,613 No Trading Zone: 23,437 – 23,470 Opening Support: 23,339 Initial Support: 23,250 Buyer's Support Zone: 23,057 – 23,094 Gap Up Opening (100+ Points Above) If Nifty opens above 23,613: Monitor price action near the 23,663 resistance zone. A...
Introduction: Nifty has been consolidating within a defined range, with 23,622 acting as immediate resistance and 23,490 providing opening support. The "No Trade Zone" marked around 23,557-23,622 highlights areas of indecision where price movement lacks clarity. This trading plan evaluates different opening scenarios, including gap-up, flat, and gap-down...
Bank Nifty Trading Plan for 10-Jan-2025 Scenarios for 10-Jan-2025: Gap Up Opening (200+ Points Above 49,706): If Bank Nifty opens above the 49,706 level: Wait for Retest: Look for a retest of 49,706. If the retest holds, initiate a long position targeting the retracement resistance at 50,068-50,158. Use a stop loss below 49,600 to minimize...
Today's updated chart focuses on the reaction to critical zones, emphasizing disciplined trade setups. Trading Scenarios for 9-Jan-2025 Gap-Up Opening (Above 50,219) If Bank Nifty opens above 50,219 , observe the price action at the Swing Resistance Zone (50,735) . If price faces rejection here, a bearish move toward 50,219 or 50,038 could follow....
Trading Plan for NIFTY - 9-Jan-2025 Intro - Plan vs. Actual for 8-Jan-2025 Yesterday's plan highlighted key levels, with 23,483 - 23518 acting as support and excalty from those level saw a smart recovery. and ended up at flat not. The yellow trend marked the sideways movement, while bearish momentum was evident in the red trend zone. Today's chart builds...
Bank Nifty Trading Plan for 08-Jan-2025 We focus on three possible opening scenarios: Gap-Up, Flat, or Gap-Down, with actionable strategies for each case. Opening Scenarios: Gap-Up Opening (200+ points above previous close): If Bank Nifty opens above 50,529 , it will enter the Opening Resistance Zone (50,482-50,529) . Strategies: A breakout above ...
Nifty Trading Plan for 08-Jan-2025 Intro: Review of 07-Jan-2025 Plan Yesterday's trading plan accurately highlighted the Opening Resistance Zone (23,849-23,888) , which acted as a cap for bullish momentum, and the Opening Support Zone (23,673-23,604) , which provided a bounce. The market respected these levels with a predominantly sideways movement (Yellow...
Overview: The daily chart for Shreyans Industries Ltd. (SHREYANIND) highlights key price action levels, corrective wave patterns (b, (B), (C) ), and a breakout above trendline resistance. A bullish setup is forming with promising targets ahead! 📈 Key Levels and Zones: Wave Analysis: Corrective wave pattern identified as b, (B), and (C) . Price is...
🚀 KREBS BIOCHEMICALS: ! Overview: The 1-hour chart for KREBS BIOCHEMICALS & IND. reveals key price action levels, Elliott Wave patterns (b, (B), (C) ), and potential future movements. A breakout above trendline resistance signals bullish possibilities. 📈 Key Levels and Zones: Wave Analysis: Corrective wave structure identified as b, (B), and (C)...
Overview: The 1-hour chart for Tech Mahindra Ltd. (TECHM) showcases a corrective Elliott Wave pattern (b, (B), (C) ) and highlights potential price movements, key levels, and target zones. Let's dive in! 🚀 Key Levels and Zones: Wave Analysis: The chart depicts a corrective wave pattern labeled as b, (B), and (C) . Wave b is currently in progress and...
📊TIMKEN INDIA LTD. Overview: The daily timeframe chart of TIMKEN INDIA LTD. highlights critical levels, trend lines, and potential price movements based on Elliott Wave Theory . 🚀 Let's explore: Key Levels and Zones: Wave A and Wave B: Significant peak ( Wave A ) and trough ( Wave B ). A downward trend line suggests a bearish phase. 📉 Trend Line and...
Nifty Trading Plan for 6-Jan-2025 Introduction The chart shared yesterday highlighted key zones and potential movements. The Opening Resistance Zone of 24,312 acted as a strong supply area, while the Support Zone between 23,970-24,016 was well respected. Actual price movement closely aligned with the predicted Yellow (Sideways) and Green (Bullish) trends,...
Bank Nifty Trading Plan for 6-Jan-2025 Let’s analyze the updated trading plan for 6-Jan-2025, with scenarios for Gap Up, Flat, and Gap Down openings. Trading Plan for 6-Jan-2025 Gap-Up Opening (200+ Points Above 51,076): If Bank Nifty opens with a significant gap-up: Immediate focus will be on the Resistance Zone at 51,290-51,232. Bullish Scenario: ...
Intro: Previous Day's Plan vs. Actual Chart Movement In the trading plan for 2-Jan-2025, we highlighted key zones for Bank Nifty, such as the Opening Support/Resistance Zone and the Important Resistance . The actual price movement adhered to the plan, respecting the key levels. The bullish momentum pushed the price into the profit booking zone . This...
Intro: Previous Day's Plan vs. Actual Chart Movement In the trading plan for 2-Jan-2025, key levels worked exactly as predicted in plan Price movement respected these levels, The bullish structure remained intact for the day, with significant opportunities for intraday gains. Trading Plan for 3-Jan-2025 If Market Opens Gap Up (100+ Points Above...
WISH YOU ALL A VERY HAPPY NEW YEAR 2025 Introduction In the previous trading session (1-Jan-2025), we identified critical levels, including the Golden Retracement Zones for buyers and sellers, along with significant support and resistance areas. The actual price action aligned closely with the outlined plan, particularly near the Opening Support/Resistance...
WISH YOU ALL A VERY HAPPY NEW YEAR 2025 Introduction In the previous trading session, we analyzed Nifty's key support and resistance levels for 1-Jan-2025. The chart provided a clear view of potential price movements under various scenarios. Yellow trends indicated sideways movement, green trends represented bullish behavior, and red trends highlighted...
[ Intro: Review of Previous Plan (30-Dec-2024) Check plan V/s Actual performance for 30-Dec-2024 here : . b]Trading Plan for Nifty - 31-Dec-2024 Key Color Codes in the Plan: Yellow Trend: Sideways Green Trend: Bullish Red Trend: Bearish Trading Plan for 31-Dec-2024: Scenario 1: Gap-Up Opening (100+ points above 23,768) If Nifty opens above ...