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...
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...
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...
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...
Introduction In the previous day's plan, we analyzed the Nifty Bank Index on a 15-minute timeframe and identified key support and resistance levels. The chart highlighted a sideways trend in the yellow zone, a bullish trend in the green zone, and a bearish trend in the red zone. The actual price movement today followed the anticipated path, consolidating within...
Introduction In the previous day's plan, we analyzed the Nifty 50 Index and identified key support and resistance levels. The chart highlighted a sideways trend in the yellow zone, a bullish trend in the green zone, and a bearish trend in the red zone. The actual price movement today followed the anticipated path, consolidating within the highlighted zones and...
Technical Analysis of Alkyl Amines Chemical Ltd. (NSE: ALKYLAMINE) Chart Description The daily candlestick chart for Alkyl Amines Chemical Ltd. (ALKYLAMINE) on NSE highlights price movements over the past year. The current price is ₹1,998.85 , showing a significant market move. Key technical elements such as Elliott Wave counts, retracement levels, and trend...
ARCHIDPLY IND. LTD.: Poised for a Breakout? 🚀 Chart Description The chart for ARCHIDPLY IND. LTD. on the NSE displays daily price movements with key technical levels and zones. The current price is ₹113.19 , reflecting an upward move of 2.50% . Annotations highlight important areas such as Wave C completion, deep retracement, liquidity buildup, target zones,...
Bank Nifty Trading Plan for 12-Dec-2024 Intro: Plan vs Actual for 11-Dec-2024 Yesterday, our plan identified key zones for Bank Nifty, including the "Liquidity Zone" and the "Buyer’s Entry Zone." Bank Nifty opened near the projected "Opening Support/Resistance Zone" at 53,398 and consolidated around the "Liquidity Zone" before attempting a breakout towards the...
NIFTY Trading Plan for 12-Dec-2024 Intro: Review of 11-Dec-2024 Plan vs Actual The trading plan for 11-Dec-2024 outlined key levels such as the Bullish Order Block (24,655–24,607) and the Liquidity Zone (24,820). As predicted, the market respected the "No Trade Zone" initially, followed by consolidation in the Liquidity Zone. The sideways movement highlighted...
Price Action Overview: Current price: ₹532.15 , trading within the Wave 4 completion zone ( ₹526–₹570 ) as per Elliott Wave analysis. A deep retracement zone is identified between ₹495–₹505 , aligning with Wave C completion, where a bullish reversal is expected. Wave C indicates a strong potential low point for the next bullish leg (Wave 5). Key Levels: ...
COAL INDIA LTD (COALINDIA): Consolidation and Potential Reversal 🌟 Price Action Overview: Current price: ₹414.05 , trading near a key consolidation zone. A deep retracement zone has been identified between ₹374–₹394 , where buyers are likely to dominate. Liquidity building in this range may act as a trigger for a reversal. Key Levels: Deep Retracement...
HAVELLS INDIA LTD (HAVELLS): Potential Bullish Reversal 🚀 Price Action Overview: Current price: ₹1,708.25 , hovering near a critical demand zone between ₹1,700.30–₹1,708.25 . Previous swing low highlights strong buying interest in this region, where prices have historically reversed. Consolidation observed within the retracement zone, indicating potential...
Trading Plan for Nifty on 11-Dec-2024 Intro for the Previous Day's Chart Pattern : On 10-Dec-2024, Nifty exhibited a mixed trend with a sharp shift in demand zones. The chart revealed a significant buyer's support near the CHoCH (Change of Character) level, with a consolidation phase observed in the "No Trade Zone." The yellow trend marked sideways action,...
Previous Day's Chart Pattern Analysis: The chart for 10-Dec-2024 shows significant price movement with clear areas of interest. The market showed a liquidity sweep near the 53,069 zone , followed by consolidation. A CHoCH (Change of Character) around 53,398 indicated a shift in trend. The resistance near 54,034 remains crucial, and breaking this could lead...
SUN TV Network Wave Analysis: Prices have corrected to the golden retracement zone (712-698 INR), a strong potential reversal area. The stock recently saw a CHOCH (Change of Character) near 768 INR, indicating bearish rejection at higher levels. Key Observations: Liquidity Zone: Prior liquidity was swept between 712-698 INR, signaling accumulation. Active...
CANFIN Homes (CANFINHOME1!): Setup for Primary Wave C Rally Wave Analysis: Prices are nearing completion of Corrective Primary Wave C, with support identified at 776-763 INR. A prior liquidity zone sweep below 805 INR suggests accumulation. Key Observations: Failed Breakout: Resistance at 805 INR led to a false breakout (Break of Structure). Reversal...
AMBER Enterprises (AMBER): Wave 5 Setup in Progress Wave Analysis: The stock is currently in the Wave 4 corrective zone between 5,762 - 5,667 INR, a key support area. A potential liquidity sweep below 5,667 INR could attract strong buying interest. Target zones for Wave 5 completion are 6,976 - 7,127 INR. Key Observations: Wave Structure: Completion of...