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HERITGFOOD Analysis (20th Dec 2024) The chart demonstrates a liquidity buildup, golden retracement zones, and corrective wave completion. Here’s a detailed breakdown for actionable trading. Current Structure: The price has retraced into a golden zone (467-488) and is showing signs of reversal. Buying at this level could target 614 as the first target...

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IREDA Analysis (20th Dec 2024) The chart showcases a Bullish Flag Breakout , a golden retracement zone, and defined targets. Let’s analyze actionable insights and strategies. Current Structure: The stock has broken out from a bullish flag pattern, indicating a strong uptrend. Retracement to the green zone (191-204) is likely before continuing its...

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SBIN Analysis (20th Dec 2024) The chart of SBIN (State Bank of India) illustrates an extended retracement to mitigate liquidity, a failed breakout (BO), and a corrective wave completion. Let us dive into a step-by-step educational breakdown of actionable levels. Current Structure: The price has recently formed a corrective wave structure (A-B-C) and is...

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Technical Analysis of Reliance Industries on 1-Hour Chart Overview of the Chart The chart represents Reliance Industries on the 1-hour timeframe , highlighting key concepts such as CHoCH (Change of Character), demand zones, and the golden retracement zone. Tools Used: Price Action : Key highs/lows, retracement zones. Demand Zones : Mitigated demand...

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RAILTEL (Railtel Corp of India Ltd.) Key Levels: Demand Zone: ₹348 - ₹357 First Target Zone: ₹452 Second Target Zone: ₹561 Stop Loss: Below ₹345 (demand zone failure) Structure & Trend: Stock has been in a corrective phase, respecting the demand zone multiple times. A potential double bottom structure may be forming around ₹348-₹357. Golden retracement of the last...

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Intro: Review of the Previous Day’s Plan After a gap down opening, prices saw first phase of recovery but could not find follow on support and traded in a narrow range. Let’s analyze potential scenarios for today. Plan for Different Opening Scenarios Gap-Up Opening (100+ points above 24,014): A gap-up above 24,014 places Nifty near the resistance zone or...

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Intro: Review of the Previous Day’s Plan As mentioned in Yesterday's plan BANKNIFTY has found support from level mentioned in Chart yesterday. The chart movement adhered closely to the plan, with Bank Nifty consolidating within the highlighted zones before attempting an upward breakout. The yellow trend on the chart depicted a sideways consolidation, while...

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Intro: Previous Day's Plan vs Actual In yesterday's trading plan, BankNifty tested the Wave C Support Zone near 51,903 - 52,068 as highlighted in yesterday's trading plan, showing indecision within the sideways range (Yellow Trend). As expected, the index respected the completion zone for Wave C and stayed above the support area for most of the session. However,...

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Intro: Previous Day's Plan vs Actual In yesterday's chart, we observed Nifty approaching a deep retracement zone (113% level at 24,098) and tested the must-try zone for Wave C completion as highlighted. Price remained within the "No Trade Zone" for a considerable period, indicating indecision and sideways movement. The sideways yellow trend was respected, with...

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Nifty Trading Plan for 18-Dec-2024 Previous Day Plan vs Actual: In yesterday's uploaded chart, we identified key levels of retracement and reversal zones. The Wave C completion zone (24,097 - 24,009) was highlighted as a potential support for buyers. As observed in today’s session, the price reacted strongly to this zone with a pullback, respecting the reversal...

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Trading Plan for Bank Nifty – 18th December 2024 The chart for 17th December 2024 outlined key levels like the **Golden Retracement Zone (₹52,581 - ₹52,998)**, deep retracement at ₹51,868-₹52,074, and potential resistance levels like ₹53,225 and ₹53,519. The plan predicted consolidation within the golden zone and a potential breakout. On 17th December, Bank...

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🔹 Previous Day's Plan vs Actual (16-Dec-2024): In yesterday's trading plan, we identified the No Trade Zone / Liquidity Zone near 53,395-53,705, expecting consolidation in this range. We also highlighted the Opening Support/Resistance Zone at 53,277-53,233 as a critical area to observe. As seen in today's chart, Bank Nifty respected the No Trade Zone before...

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🔹 Previous Day's Plan vs Actual (16-Dec-2024): In yesterday's plan, we identified the No Trade Zone near 24,696-24,750 and the Opening Resistance at 24,830, expecting sideways movement if prices hovered in this range. As seen in the chart, the price respected the No Trade Zone, consolidating before a pullback. The Opening Intraday Support at 24,526 provided a...

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Hindustan Unilever Ltd (HINDUNILVR) Technical Analysis The chart indicates a complex correction with potential wave reversal and long-term upside targets . Golden Retracement Zone: ₹2,361–₹2,390 This zone aligns with Fibonacci levels and acts as a high-probability buying area . Deep Retracement Zone: ₹2,263–₹2,348 A last line of defense for...

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Tracxn Technologies Ltd (TRACXN) Technical Analysis This chart highlights a demand zone and a trendline breakout setup . Demand Zone: ₹68–₹73 A strong support zone where buyers previously reversed prices. Failed CHoCH: Sellers failed to push prices lower, forming a potential reversal pattern. Trendline Resistance: ₹90–₹92 The current price is...

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1. Remsons Industries Ltd (REMSONSIND) Technical Analysis The chart follows a five-wave Elliott Wave structure with the correction (Wave 5) completed, signaling a potential reversal. Golden Retracement Zone: ₹150–₹155 This zone aligns with Fibonacci retracement levels and acts as a critical support where price typically reverses sharply. Deep...

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Intro: Review of Previous Day’s Plan Yesterday’s chart depicted key levels for supply, resistance, and demand zones. The anticipated plan highlighted a sideways consolidation around the "Last Resistance for ATM" zone, followed by a bullish breakout near 53,700. As per the actual market movement, Bank Nifty tested the resistance at 53,700 but failed to sustain...

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Trading Plan for Nifty 16-Dec-2024 Intro: Yesterday's Plan vs Actual The chart uploaded for 15-Dec-2024 accurately depicted the market's movement. As anticipated, Nifty faced sharp recovery from mentioned zone after a sharp decline in prices. Monday’s plan builds on these insights, focusing on opening scenarios and trading strategies. Plan for Different...