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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
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
BSE - 108% in 123 Days!BSE Ltd on the daily timeframe demonstrated exceptional performance, achieving all targets and exceeding expectations with a massive 108% gain in just 123 days. This trade was accurately identified using the Risological Swing Trading Indicator. BSE Key Levels: TP1: 2781.30 ✅ TP2: 3075.00 ✅ TP3: 3368.70 ✅ TP4: 3550.20 ✅ Technical Analysis: The entry point was perfectly timed at 2599.80, with a tightly managed stop-loss at 2452.95 to minimize risk. BSE followed a robust bullish trend, crossing the Risological trend line early and sustaining momentum throughout the trade. With all targets achieved, the stock's explosive breakout reaffirms the effectiveness of the Risological Swing Trading Indicator in capturing high-momentum moves. Traders leveraging this setup could capitalize on significant gains while maintaining discipline with predefined stop-loss and take-profit levels.
NSE:BSELong
by ProfitsNinja
BSE: Bullish Momentum for a Major Breakout!🚀 BSE: Bullish Momentum for a Major Breakout! 📈💥 Why You Need to Watch This Stock: BSE is on a bullish trajectory, breaking through significant resistance and showing multiple strong technical signals. With a 52-week breakout and several key indicators aligning for an upside surge, this stock is primed for swing trades and BTST opportunities. Here’s why it’s a must-watch: 🔥 Key Technicals: Bullish Marubozu: A strong bullish candle forming, signaling continued momentum. 52-Week Breakout: Trading at new 1-year highs with good volume, confirming a potential breakout. RSI Breakout: RSI at 68, showing strong upward momentum. Volume Surge: The recent price rise is fully supported by strong volume, confirming sustainability. Stochastic at 94 and CCI at 235: Both indicators show strong upward pressure and suggest that the trend has room to run. MACD Bullish: All signs point to further bullish movement. Donchian Band: New high created with a strong breakout possibility. Bollinger Bands: Positive breakout suggesting sustained upward movement. EMA 50, 100, 200: All EMAs trending up, confirming a strong uptrend across short, medium, and long-term charts. 📅 Latest Signal: Long White Candle on the Daily chart, reinforcing bullish strength. Bullish Engulfing on the Weekly chart, signaling a continuation of the uptrend. 💥 Why It’s a Strong Pick: With its strong bullish technical rating, BSE is signaling a clear breakout opportunity. The combination of a 52-week high, strong volume, and key bullish patterns make it an ideal candidate for both short-term breakouts and swing trades. 🚨 Take Action NOW: The momentum is building, and the breakout is in play! Don’t wait—set your alerts and position yourself to catch the next move. 👉 Add BSE to your watchlist now and prepare for potential upside! 🔔 Set your alerts and get ready to ride the wave!
NSE:BSELong
by ruelfernandes
BSE LimitedBSE Ltd. shows potential for breaking its all-time highs and beyond, especially if it maintains its leadership in India's capital markets and benefits from increasing trading volumes. Key support levels should be monitored closely to validate a bullish outlook. looking further for more price data to form which will help me deliver with Perfect entry and Stoploss. currently i am staying neutral with no action in place just looking further how price moves in future.
NSE:BSELong
by Rizwan-Ali
BSE - previous learnings applied to the current marketThis post highlights the previous strong uptrend in BSE, and the consolidation it led to. The chart also indicates how it behaved during the consolidation phase. Certain pointers: i. The average maximum decline from peak in this period was of ~22-23% ii. The price movement took resistances at the 8EMA when it tried rising during this period. iii. The 20SMA and 50SMA were in a crisscross most of the time, not signaling any persistency during the period. iv. The break-out from the resistance saw the price > 8EMA>20SMA>50SMA>200SMA v. The strongest gap up of the consolidation period came at the very end on 8th Aug 2024, with a 6% gap up. Currently, BSE had a strong uptrend from 16th Aug 2024 up to14 Oct 2024, with an ~89% rise. The maximum decline it has seen from the peak is of ~20%. The current resistance of its time (o.i.t) level is at approximately INR 5000. The break of this with other factors will mark the next strong uptrend.
NSE:BSE
by lavleen_sharma001
Crypto VS Equity : Which you will Choose for 3rd Qtr 2024This chart is very interesting for those who are struggling to find the investment opportunities. We have technical charts, And you can see 4 windows, upper two are cryptos and lower two are Indian Equity index. Now, if we look at the charts, you can easily understand that cryptos are running for this month whereas the equity part is falling , as we all are quick learners, so we can understand what's happening here. In simple words money is going out of various asset classes, even the gold, Fd's ,equities and being invested or traded with cryptos. After the US President election Crypto coins are running in optimism. As Donald Trump have positive stance towards cryptocurrency. And Nobody wants to be left out And so money is getting out of other investment assets. I love to here your views on this ... use Comment box
CRYPTO:BTCUSDLong
by Mohit_T