Banknifty Intraday Analysis for 06th March 2025NSE:BANKNIFTY
Index closed near 48490 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
50000 Strike – 12.77 Lakh
49000 Strike – 11.93 Lakh 48500 Strike – 8.12 Lakh
Put Writing
48000 Strike – 11.47 Lakh
47000 Strike – 10.24 Lakh
48500 Strike – 7.48 Lakh
Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range.
Index has immediate support near 48100 - 48000 range and if this support is broken then index may tank near 47600 - 47500 range.
Support and Resistance
Finnifty Intraday Analysis for 06th March 2025NSE:CNXFINANCE
Index closed near 23050 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
23000 Strike – 0.58 Lakh
23500 Strike – 0.53 Lakh
23100 Strike – 0.40 Lakh
Put Writing
23000 Strike – 0.70 Lakh
22700 Strike – 0.49 Lakh
23200 Strike – 0.47 Lakh
Index has resistance near 23150 - 23200 range and if index crosses and sustains above this level then may reach near 23275 - 23325 range.
Index has immediate support near 22925 – 22875 range and if this support is broken then index may tank near 22800 – 22750 range.
Midnifty Intraday Analysis for 06th March 2025NSE:NIFTY_MID_SELECT
Index closed near 11170 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
11000 Strike – 6.88 Lakh
10900 Strike – 5.67 Lakh
11500 Strike – 5.58 Lakh
Put Writing
11000 Strike – 8.34 Lakh
10900 Strike – 5.85 Lakh
10500 Strike – 5.60 Lakh
Index has immediate resistance near 11300 – 11350 range and if index crosses and sustains above this level then may reach 11500 – 11550 range.
Index has immediate support near 11000 – 10950 range and if this support is broken then index may tank near 10725 – 10675 range.
Copper until 871 not break upmove will continue How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold mcx levels still no sell signal so buy dip near 85450-500How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Banknifty 500 points from tomorrow buy area 49100-250 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Ethereum holding buy trade at 2150 , 2440-2485 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range
Targets :
Target T1 : 35.1% to 38.3%
Target T3 : 49.1% to 53.2%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
BankNifty levels - Mar 07, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Nifty levels - Mar 07, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
UPL Ltd - Renko Analysis & Trade Setup
🔍 Stock: UPL Ltd (NSE)
📊 Chart Type: Renko (1% )
📆 Timeframe: Daily
Technical Analysis:
1. Resistance Zone (650-650.50)
- The price is testing a strong resistance zone around ₹650.
- This level has been previously respected, leading to pullbacks.
2. Bearish Reversal Signal
- The latest red Renko brick suggests potential downside momentum.
- A short-term correction could be in play.
3. Support Levels:
- The next major support is around ₹588-590.
- If the price fails to hold above ₹635, we might see further downside towards this level.
4. Indicators:
- The trendline still shows bullish momentum, but signs of weakness are appearing.
- RSI is currently above 60, indicating strength but also the possibility of overbought conditions.
Trade Setup:
✅ Bearish Bias: If price stays below ₹635, a potential short trade can be considered with a target of ₹590.
✅ Stop-loss: A strict stop-loss above ₹650 to protect from false breakouts.
✅ Bullish Confirmation: If price reclaims ₹650 convincingly, a breakout trade towards ₹675+ could be on the cards.
🔔 Conclusion:
UPL is at a key inflection point. A rejection at ₹650 can lead to a correction, while a breakout can fuel further upside. Keep an eye on price action for confirmation!
#UPL #Renko #StockMarket #TechnicalAnalysis #TradingView #NSE #SwingTrading
ONGC I OIL Burning Bright : Inverted H&S Pattern!!Hello Traders,
- ONGC is trading at a place called AOI (Area of Interest) A place from where price usually reverses.
- 218 levels is acting as a strong support pushing prices higher after a intraday low of about 3% making a big pin bar candle on 1D chart
- Inverted head and shoulder on 15m timeframe.
PRO TIP/-
The Entry Line is the Neckline of the inverted Head and shoulder.
Target 1:- 228
Target 2 :-231
Entry Criteria
Strong Close above Entry Line (225) 15mins TF
Stoploss
Entry Candle Low (not more than 0.8%)
Not an Investment Advise
APOLLOTYRE Trading Near Weekly Demand ZoneAPOLLOTYRE is currently trading at ₹389, which is just below the ₹390 (baseHigh) level of its weekly demand zone (₹390 - ₹370.60), identified on 6th November 2023. This suggests the stock is testing the upper boundary of the demand zone. If buyers step in, it could see a bounce from this level, whereas a breakdown below ₹370.60 may indicate further weakness.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
OBEROIRLTY Trading Above Weekly Demand ZoneOBEROIRLTY is currently trading at ₹1570, which is above its weekly demand zone range of ₹1546.35 (baseHigh) to ₹1444.4 (baseLow), identified on 17th May 2024. Since the price has moved beyond the demand zone, it suggests that buyers have taken control, potentially signaling strength in the stock. A retest of this zone could confirm support before further upward movement, while a break below ₹1444.4 may indicate weakness.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
BEPL Trading Within Weekly Demand ZoneBEPL is currently trading at ₹105, which is within its weekly demand zone range of ₹105.49 (baseHigh) to ₹96.43 (baseLow), identified on 21st June 2024. Since the price remains inside this zone, it could act as a potential accumulation area where buyers may step in. A bounce from this zone might indicate renewed demand, while a breakdown below ₹96.43 could signal further weakness.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
APARINDS Trading Above Weekly Demand ZoneAPARINDS is currently trading at ₹5800.45, which is above its previously established weekly demand zone. The demand zone was between ₹5670 (baseHigh) and ₹5330.15 (baseLow), identified on 2nd February 2024. Since the price has already moved above this zone, it may indicate strong bullish momentum. Traders might watch for a potential retest of the demand zone or continuation of the uptrend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
FINCABLES Trading Above Weekly Demand ZoneFINCABLES is currently trading at ₹828.05, which is above its previously tested weekly demand zone. The demand zone was identified between ₹817.3 and ₹777 on 16th June 2023. Since the price has moved above this zone, it may indicate bullish momentum. Traders might watch for a possible retest of the zone for confirmation or continuation of the trend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
SUNTV Trading Above Weekly Demand ZoneSUNTV is currently trading at ₹568.4, above the weekly demand zone, which ranged from ₹562 (baseHigh) to ₹536.55 (baseLow), identified on 25th August 2023. This breakout from the demand zone could indicate bullish momentum, but traders should watch for a potential retest of the zone before further upside confirmation.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
BALKRISIND Trading Within Weekly Demand ZoneBALKRISIND is currently trading at ₹2497.2, positioned within the weekly demand zone ranging from ₹2490 (baseHigh) to ₹2402 (baseLow), identified on 17th May 2024. This zone could act as a support level, potentially attracting buying interest. Investors may watch for signs of price stability or upward movement before making decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
AIAENG Trading Within Weekly Demand ZoneAIAENG is currently trading at ₹3136, positioned within the weekly demand zone ranging from ₹3265 to ₹3100.75 , identified on 14th July 2023. This zone may act as a support level where buying interest could emerge. Traders should observe price behavior to determine whether the zone holds or if further downside movement is likely.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
UNITDSPR Trading Within Weekly Demand ZoneUNITDSPR is currently trading at ₹1320.15, within the weekly demand zone ranging from ₹1317.45 to ₹1282.85 , identified on 26th July 2024. This zone may serve as a support area where buyers could step in. Traders should monitor price action to assess whether the support holds or if further downside movement occurs.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
SUNPHARMA Trading Within Weekly Demand ZoneSUNPHARMA is currently trading at ₹1575.4, within the weekly demand zone ranging from ₹1596.6 (baseHigh) to ₹1565.15 (baseLow), identified on 26th July 2024. This zone may act as a key support level, potentially attracting buyers. Investors should observe price action for signs of support holding or a potential reversal before making trading decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
LTIM: Sideways Consolidation Continues After Strong 2021 RallyLTIM has been trading in a well-defined range since its 2021 bull run, with strong support and resistance levels dictating its movement, between 4000 and 7000.
Key points:
1. The stock faces heavy resistance at 6800, as the 23.6% retracement level acts as a strong barrier.
2. Price consistently finds support at the 50% retracement level and has bounced back from this level multiple times.
3. The stock is currently near the 50% retracement level and trading below the 180-day exponential moving average, making it oversold.