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Wave Analysis

Intraday With Advance Option TradingIntraday option trading focuses on capturing short-term price movements within the same trading session. Advanced option trading combines price action, option chain analysis, Greeks, volatility, and institutional activity to improve trade accuracy and risk management. 1. Understanding Intraday Option Trading In intraday trading: Positions are opened and closed on the same day. Traders mainly trade Index Options like: NIFTY BANKNIFTY FINNIFTY The goal is to capture momentum, breakout, reversal, or premium expansion moves. 2. Core Elements of Advanced Option Trading A) Option Chain Analysis Option chain helps identify: Support zones Resistance zones Institutional positioning Market sentiment Important Observations Heavy Put Writing = Support Heavy Call Writing = Resistance Call Unwinding = Bullish Put Unwinding = Bearish
NSE:HDFCBANK
by Knowledgehub
6
National Alum About to fall (Nalco)NALCO Elliott Wave Analysis | 4H Chart National Aluminium Company (NALCO) appears to be forming a larger corrective structure after completing a strong bullish impulse toward the 440 zone. The current price action suggests the stock may be developing a contracting triangle / corrective consolidation before the next major directional move. The chart indicates: A major Wave B seems to have completed near the upper channel resistance. Price is now consolidating in a smaller ABCDE corrective structure. The blue converging trendlines indicate a possible triangle formation, which usually appears before the final breakdown or breakout. Current Structure: (a), (b), (c), (d), and (e) waves are forming inside the contracting range. Price is respecting both upper resistance and lower support trendlines. The final Wave (e) may complete soon, after which a strong directional move is expected. Bearish Scenario: If the lower support trendline breaks decisively, NALCO may enter Wave C decline with downside potential toward: 380 zone initially 360 major support area Lower rising channel support near 350–355 The projected blue arrow suggests a possible sharp corrective fall once the triangle completes. Bullish Invalidation: Sustained breakout above 420–425 could invalidate the bearish setup. A move above previous highs near 440 would indicate continuation of the larger bullish trend. Technical Observations: Rising broad channel remains intact on the higher timeframe. Current consolidation appears corrective rather than impulsive. Momentum is slowing near resistance, supporting the possibility of a larger correction ahead. Trading View: Traders should wait for triangle breakout confirmation before taking aggressive positions. Breakdown below support may trigger fast downside momentum. Until then, expect volatile sideways movement within the range. Disclaimer: This analysis is for educational purposes only and not financial advice. Please use proper risk management before taking any trade decisions. #NALCO #ElliottWave #NeoWave #TechnicalAnalysis #TradingView #IndianStockMarket #WaveCountPro #TrianglePattern #StockMarketIndia #PriceAction
NSE:NATIONALUMShort
by Gautamkhannq
1
Bank Nifty Ready to Fall ??Bank Nifty Elliott Wave Analysis | 4H Chart Bank Nifty is currently showing signs of a corrective ABC structure after a strong impulsive rise. The market appears to be trading inside a descending corrective channel, indicating that the ongoing move is likely part of a larger Wave (B) correction. The recent price action suggests: Wave A has already completed near the 54,200 zone. Wave B retracement faced resistance around the 0.618–0.786 Fibonacci zone. The current decline may be forming Wave C of the correction. The blue corrective channel is acting as dynamic resistance, and unless Bank Nifty breaks above the upper trendline decisively, downside pressure may continue. Key Levels: Immediate Resistance: 55,400 – 55,800 Major Resistance Zone: 56,200 – 56,700 Support Zone: 53,800 – 53,200 Potential Wave C Target: 52,200 area (1.618 extension) Elliott Wave Perspective: The structure indicates a possible zigzag correction where: A = initial fall B = corrective bounce C = final downward leg If Wave C extends aggressively, Bank Nifty could test deeper support zones before the larger trend resumes. Trading View: Short-term bias remains bearish below the channel resistance. Any pullback toward Fibonacci resistance zones may offer selling opportunities. A breakout above the descending channel could invalidate the bearish structure and trigger bullish momentum. Disclaimer: This analysis is for educational purposes only and not financial advice. Please use proper risk management before taking any trades. #BankNifty #ElliottWave #TradingView #NiftyAnalysis #WaveCountPro #TechnicalAnalysis #StockMarketIndia #BankNiftyPrediction #Fibonacci #NeoWave
NSE:BANKNIFTYShort
by Gautamkhannq
KNR Construction ready for double ??Disclaimer : This view is only for educational purpose and it's not buying or selling recommendation. Consult your financial advisor for stock market related investment. Stock market gains are subject to market risk's, hence invest with accepting stock market risk's. I am not responsible for your profits and losses. 1] KNR construction has completed one major Elliot Wave Cycle : a] Impulse Wave took time of 8 years (1-2-3-4-5) and 5th wave extended. b] Corrective wave has taken time of 54-55 Months. It has completed in the form of Expanded flat wave Pattern exactly at 1.61%. c] When 5th Wave is extended, as per Elliot wave principle corrective wave (A-B-C) retrace till start of 5th wave but never breaches 5th wave. d] As you can see in the chart, corrective almost reaches to start of 5th Wave. e] So our stop-loss will be below starting of 5th wave. f] Number 8 is Fibonacci number, so it's confirms impulse wave cycle completion in 8 years. g] Number 55 is Fibonacci, so it's confirms correction over in 55 months and also one Major 54 months Hurst cycle completed 2] Also we can see Bullish Shark Harmonic Pattern completed Exactly at 88.6% 3] From here Stock can double (100% return) or 3rd Elliot wave can start (which is major bull run for stock) 4] Follow Stop-loss Very strictly and never invest more than 5% of capital in any single stock. 5] Investment horizon : 3 to 5 years
NSE:KNRCONLong
by SUNIL1892
Microsoft Testing a Critical Zone Before Next Major MoveMicrosoft continues to trade within a broader corrective structure after failing to sustain momentum above the recent highs. Price action remains capped below the descending resistance trendline, indicating that the current recovery phase still lacks confirmation of a larger bullish continuation. The recent rejection from the upper resistance zone near 430 suggests that sellers remain active at higher levels. At the same time, the structure appears to be developing as a complex corrective wave pattern, with price still vulnerable to another decline toward lower support before a durable base can form. The key support region now comes in around the 401 zone. A move into this area could complete the ongoing corrective phase, especially if downside momentum begins to weaken near channel support. Until then, short-term price action may remain volatile within the current range. From a broader perspective, the higher timeframe structure remains constructive as long as major support continues to hold. A successful stabilization from the lower support region could establish the foundation for the next impulsive advance. A sustained recovery back above the upper resistance zone would strengthen the probability of a bullish continuation toward fresh highs over the medium term. We will update further information soon.
NASDAQ:MSFT
by BrightRally_Research
Gold Approaches Key Support Within Corrective StructureGold continues to trade within a broader corrective structure following the rejection from the recent swing high near 4,890 . Price action remains confined below the descending resistance trendline, indicating that the market is still undergoing a short-term consolidation phase rather than immediately resuming the primary uptrend. The current decline appears to be developing as the final leg of a corrective wave sequence, with price now approaching the lower boundary of the channel near the 4,400–4,410 support region. This area represents an important technical zone where downside momentum may begin to stabilize. However, the correction cannot yet be considered complete, as the price structure still lacks a confirmed reversal signal. From a broader perspective, the ongoing pullback remains technically constructive as long as the higher timeframe support structure continues to hold. A successful defense of the current support region could establish the foundation for the next impulsive advance. If buyers regain control from the present zone, the next upside is 4,616 , 4,773 , and 4,935 . We will update further information soon.
OANDA:XAUUSD
by BrightRally_Research
Indian Oil Corporation (IOC) — Elliott Wave Research PerspectiveIndian Oil Corporation appears to be trading within a broader bearish structure on the daily timeframe, with price action continuing below both the 50-day and 200-day moving averages — indicating sustained medium-term weakness. Wave C appears to have resumed downward momentum after rejection from the resistance band. From an Elliott Wave perspective, IOC currently lacks bullish impulsive confirmation. Unless price reclaims and sustains above the invalidation level, rallies may continue to face selling pressure. The ongoing structure favors: Trend continuation on the downside Lower highs formation Defensive positioning until reversal confirmation emerges Targets: 126 - 119 - 113
NSE:IOCShort
by forextidings
2
Nifty Energy: Final Bounce Before the Deeper CorrectionThe Nifty Energy Index continues to trade within a higher-degree corrective structure rather than a fresh impulsive uptrend. The decline from the highs appears to have completed Wave W, followed by an ongoing recovery in Wave X. In the near term, the structure allows for one more upside phase . After a probable dip in wave (b), the index may attempt a final advance via wave (c) of (Y) of X, which is expected to unfold in three waves. This move is likely to be selective and constituent-driven. Heavyweights such as Reliance Industries, ONGC, BPCL, Tata Power, SJVN, Suzlon, NTPC, Coal India, and Power Grid Corporation may still show relative strength during this phase, contributing to the final push higher within Wave X. However, it is important to note that this rise remains corrective in nature . It should be treated as a tactical opportunity rather than the start of a sustained bullish trend. Once Wave X completes, the larger picture turns decisively bearish. The index is then expected to enter Wave Y of the higher-degree correction, which could result in a sharp and more brutal decline across energy stocks, particularly if leadership from the heavyweights fades. Key levels marked on the chart act as reference points, with a clear invalidation level below which the current corrective count would fail. In summary: A short-term corrective rise may still be pending, but the dominant risk lies on the downside once Wave X is done . Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CNXENERGYLong
by WaveXplorer
10
The rallies are a sell Nifty CMP 23640 Fib Analysis- the rally to the 24560 is just 50% of the fall is weakness. The confluence zone at 24560 has its slowest MA at the same zone is a Gann point, making the zone a fort. Double Top- the rally faded after retest of the breakdown zone from below. That zone is again 24560. Confirming the down trend to be intact. Elliott- The rally is corrective hence this is a fresh set of three wave fall . Weekly Bar- the Index toyed around the 24560 zone for 4weeks and then broke down on Friday, this is an indication that the mkt is now ready to slide. Conclusion - Now that the correction has spread across the globe, to me the correction in Nifty will be fast, all way to 22750 and 22200.
NSE:NIFTYShort
by singh17vivek
Volatility in Options Trading1. What is Volatility? Volatility measures the degree of variation in the price of an asset. If prices move rapidly and aggressively, volatility is considered high. If prices move slowly and remain stable, volatility is considered low. For example: A stock moving 10% daily has high volatility. A stock moving only 1% daily has low volatility. Volatility does not indicate direction. It only measures movement. A stock can be highly volatile while moving upward or downward. 2. Importance of Volatility in Options Trading Volatility is extremely important because option pricing depends heavily on it. Option premiums are influenced by: Stock price Strike price Time to expiry Interest rates Volatility Among these factors, volatility can create very large changes in option prices. When volatility increases: Option premiums rise. Buyers benefit from premium expansion. Sellers face higher risk. When volatility decreases: Option premiums fall. Sellers benefit from premium decay. Buyers may lose value even if direction is correct. 3. Types of Volatility There are mainly two important types of volatility in options trading. A) Historical Volatility (HV) Historical volatility measures past price movement. It is calculated using previous market data and shows how much the asset moved historically over a specific time period. Key Points: Based on actual past movement. Used to study stock behavior. Does not predict future movement directly. Example: If a stock moved aggressively in the last month, its historical volatility will be high. B) Implied Volatility (IV) Implied volatility represents expected future volatility. It is derived from option prices and reflects market expectations about upcoming movement. Key Points: Forward-looking indicator. Shows expected movement before expiry. Major factor in option pricing. High IV means: Market expects large movement. Low IV means: Market expects smaller movement. Implied volatility is one of the most important tools for professional option traders. 4. Implied Volatility Crush IV crush happens when implied volatility suddenly drops after a major event. Examples of such events: Earnings announcements Budget releases Election results RBI policy decisions Before these events: IV usually rises because uncertainty increases. After the event: IV falls sharply because uncertainty disappears. This sharp fall in IV reduces option premiums quickly. Important Lesson: Sometimes traders correctly predict market direction but still lose money because IV collapses after the event. 5. Relationship Between Volatility and Option Premiums There is a direct relationship between volatility and option prices. High Volatility Premiums become expensive. Larger expected movement. Better for option sellers in many cases. Low Volatility Premiums become cheaper. Smaller expected movement. Better for option buyers looking for expansion. Professional traders often compare current IV with historical averages before taking trades. 6. IV Rank and IV Percentile These tools help traders understand whether implied volatility is relatively high or low. IV Rank IV Rank compares current IV with its yearly range. Formula concept: If current IV is near yearly highs → High IV Rank If current IV is near yearly lows → Low IV Rank High IV Rank: Options are relatively expensive. Low IV Rank: Options are relatively cheap. IV Percentile IV Percentile shows how often IV remained below the current level during the past year. Example: IV Percentile of 80 means IV was lower than current IV 80% of the time. This helps traders judge premium valuation more effectively. 7. Volatility and Option Buying Option buyers generally prefer: Increasing volatility Strong directional movement Expansion in premiums Benefits for buyers: Higher IV can increase option value rapidly. Strong momentum helps delta movement. Risks: Time decay IV crush Expensive premiums during high IV Option buyers should avoid blindly buying options during extremely high volatility unless strong movement is expected. 8. Volatility and Option Selling Option sellers generally prefer: High implied volatility Time decay advantage Stable or range-bound markets Benefits for sellers: Premium collection becomes larger. IV contraction helps profits. Theta decay works in favor of sellers. Risks: Sudden breakout moves Unlimited loss potential in naked selling Event-based volatility spikes Professional traders often sell options when IV is extremely elevated. 9. Strategies Based on Volatility Different market volatility conditions require different strategies. Low Volatility Strategies Suitable when expecting volatility expansion. Examples: Long Straddle Long Strangle Buying Calls Buying Puts High Volatility Strategies Suitable when expecting volatility contraction. Examples: Iron Condor Credit Spreads Short Straddle Short Strangle Strategy selection should always depend on both market direction and volatility conditions. 10. VIX — The Volatility Index India VIX is known as the fear gauge of the market. It measures expected market volatility based on option prices. High VIX Fear and uncertainty increase. Market swings become aggressive. Low VIX Stable market conditions. Lower expected movement. Traders monitor VIX daily to understand overall market sentiment and risk conditions. 11. Common Mistakes Traders Make with Volatility Buying Expensive Options Many beginners buy options during extremely high IV without understanding premium inflation. Ignoring IV Crush Traders often lose money after earnings events due to sudden IV collapse. Using Wrong Strategy Using buying strategies in low-movement markets or selling strategies during explosive conditions creates losses. Ignoring Risk Management Volatility can change rapidly, making disciplined stop-loss and position sizing extremely important. 12. Professional Approach to Using Volatility Professional traders usually: Compare IV with historical volatility. Study IV Rank before entering trades. Choose strategies according to volatility conditions. Avoid emotional trading during news events. Manage position size carefully. Volatility is not just an indicator. It is a complete framework for understanding market expectations.
MCX:CRUDEOIL1!Education
by GlobalWolfStreet
3
High-Probability Options StrategiesHigh-probability options strategies are trading methods designed to increase the chances of consistent profits while controlling risk. These strategies are commonly used by professional traders because they focus on probability, time decay, and controlled exposure rather than depending only on large market moves. Unlike simple option buying, high-probability strategies are usually structured in a way where traders can benefit even if the market moves slowly, remains sideways, or moves within a specific range. Some of the most popular high-probability options strategies include: Credit Spreads Iron Condors Iron Butterflies Covered Calls Cash-Secured Puts In this topic, we will mainly focus on Credit Spreads and Iron Condors because they are widely used for consistent income-based trading. 1. What are High-Probability Strategies? High-probability strategies are option setups where the trader has a higher chance of winning compared to directional option buying. These strategies generally work on: Time decay (Theta) Implied volatility Probability of price staying within a range Controlled risk and reward The goal is not always to make huge profits in one trade. Instead, the objective is to generate stable and repeatable returns over time. 2. Why Professional Traders Prefer These Strategies Professional traders often prefer probability-based trading because markets spend a large amount of time moving sideways rather than trending strongly. These strategies help traders: Reduce emotional trading Define maximum risk before entry Benefit from time decay Avoid depending on large market movements Maintain better consistency 3. Understanding Credit Spreads What is a Credit Spread? A Credit Spread is an options strategy where: A trader sells one option And buys another option at a different strike price The trader receives a net premium at the start of the trade, which is called a credit. The purpose of the bought option is to limit risk. 4. Types of Credit Spreads There are mainly two types: Bull Put Spread Bear Call Spread 5. Bull Put Spread What is a Bull Put Spread? A Bull Put Spread is used when the trader expects the market to remain bullish or sideways. In this strategy: One Put Option is sold Another lower strike Put Option is bought The trader earns profit if the market stays above the sold strike price. Example of Bull Put Spread Suppose Nifty is trading at 24,000. A trader: Sells 23,800 Put Buys 23,600 Put The trader receives a premium credit. Maximum Profit The maximum profit is the premium received initially. This happens when the market stays above 23,800 until expiry. Maximum Loss The maximum loss is limited because the trader bought a lower strike Put Option for protection. This is one of the biggest advantages of spread trading. Advantages of Bull Put Spread Limited risk Higher probability of success Benefits from time decay Lower margin requirement compared to naked selling 6. Bear Call Spread What is a Bear Call Spread? A Bear Call Spread is used when the trader expects the market to remain bearish or sideways. In this strategy: One Call Option is sold Another higher strike Call Option is bought The trader profits if the market stays below the sold strike. Example of Bear Call Spread Suppose Bank Nifty is trading at 52,000. A trader: Sells 52,500 Call Buys 52,800 Call The trader receives premium credit at entry. Profit Condition The strategy works best when the market remains below 52,500. Time decay helps reduce option premiums daily. 7. Understanding Iron Condor Strategy What is an Iron Condor? An Iron Condor is an advanced high-probability options strategy designed for sideways markets. It combines: One Bull Put Spread One Bear Call Spread This creates a range-based strategy. The trader profits when the market stays within a selected price range until expiry. 8. Structure of an Iron Condor An Iron Condor involves four option contracts: Put Side Sell one Put Option Buy one lower strike Put Option Call Side Sell one Call Option Buy one higher strike Call Option 9. Example of Iron Condor Suppose Nifty is trading at 24,000. A trader creates: Put Side Sell 23,700 Put Buy 23,500 Put Call Side Sell 24,300 Call Buy 24,500 Call How the Strategy Works The trader wants Nifty to remain between: 23,700 and 24,300 If the market stays inside this range: All sold options lose value The trader keeps the premium received 10. Maximum Profit in Iron Condor The maximum profit is the total premium collected when entering the trade. This occurs when the market expires within the selected range. 11. Maximum Loss in Iron Condor The maximum loss is limited because protective options are purchased on both sides. This makes Iron Condor a defined-risk strategy. 12. Why Iron Condors are Popular Iron Condors are popular because: Risk is controlled Probability of profit is high Time decay works in favor of the trader Best suited for non-directional markets Professional traders often use Iron Condors during low-volatility market conditions. 13. Role of Theta in High-Probability Strategies Theta plays a major role in strategies like: Credit spreads Iron condors As time passes: Option premiums decrease Sellers benefit from premium decay This is why many professional traders prefer option selling strategies. 14. Importance of Implied Volatility Implied volatility is very important in options pricing. High implied volatility generally increases premiums. Many traders prefer initiating credit strategies when volatility is high because: Premium collection becomes larger Probability of volatility contraction improves 15. Risk Management in Options Strategies Even high-probability strategies can produce losses if risk is not managed properly. Important risk management rules include: Never risk large capital on one trade Use proper position sizing Avoid emotional decisions Exit losing trades early when required Monitor volatility and market trends Consistency is more important than aggressive trading. 16. Advantages of High-Probability Strategies These strategies offer several benefits: Defined risk Consistent income potential Better probability of success Reduced emotional pressure Lower dependency on exact market direction 17. Disadvantages of High-Probability Strategies Despite high winning probability, these strategies also have limitations: Profit is limited Sudden market movement can create losses Requires understanding of Greeks Risk-reward ratio may sometimes appear small Therefore, proper knowledge and discipline are essential.
NSE:NIFTYEducation
by GlobalWolfStreet
3
Understanding Option GreeksOption Greeks are one of the most important concepts in options trading because they help traders understand how option prices react to different market conditions. Greeks measure the sensitivity of an option’s premium based on changes in price, time, volatility, and market movement. For every options trader, understanding Greeks is essential because they directly affect profit, loss, and trade management. The four major Option Greeks are: Delta Gamma Theta Vega 1. What are Option Greeks? Option Greeks are mathematical values used to measure how an option contract behaves when market conditions change. They help traders understand: How much an option premium may rise or fall How time affects the option value How volatility impacts pricing How quickly option prices react to market movement In simple words, Greeks explain the risk and behavior of an option contract. 2. Delta – Measures Price Movement What is Delta? Delta measures how much the option premium changes when the underlying asset moves by 1 point or ₹1. It shows the relationship between the stock price and option premium movement. Understanding Delta in Simple Words If a Call Option has a Delta of 0.50, it means: If the stock rises by ₹1 The option premium may rise by approximately ₹0.50 Similarly: If the stock falls by ₹1 The option premium may fall by approximately ₹0.50 Delta Range For Call Options Delta ranges between 0 and +1 Call options gain value when the market rises For Put Options Delta ranges between 0 and -1 Put options gain value when the market falls Example of Delta Suppose: Nifty is trading at 24,000 A Call Option premium is ₹100 Delta is 0.60 If Nifty moves up by 100 points: Option premium may increase by approximately 60 points New premium may become: ₹160 Importance of Delta Delta helps traders: Understand option price movement Estimate probable profit or loss Identify directional strength Choose suitable strike prices Higher Delta means the option reacts faster to market movement. 3. Gamma – Measures Delta Change What is Gamma? Gamma measures how much Delta changes when the underlying asset moves by 1 point. In simple words: Delta tells how premium moves Gamma tells how Delta changes Understanding Gamma Simply Suppose: Delta is 0.50 Gamma is 0.05 If the market rises by 1 point: Delta changes from 0.50 to 0.55 If the market rises again: Delta may increase further This means option sensitivity increases as the market moves. Importance of Gamma Gamma becomes very important near expiry because option premiums move very quickly during that period. High Gamma means: Faster premium movement Higher risk and reward Increased volatility in option pricing Key Points About Gamma At-the-money options usually have the highest Gamma Gamma increases near expiry Option buyers generally benefit from high Gamma movement 4. Theta – Time Decay What is Theta? Theta measures how much option premium decreases with the passage of time. Time decay is one of the biggest factors in options trading. Every option loses value as expiry approaches. Understanding Theta in Simple Words Suppose: Option premium is ₹100 Theta is -5 This means: The option may lose ₹5 in value every day Even if the market does not move After one day: Premium may become ₹95 Why Theta is Important Time decay affects option buyers negatively because options continuously lose value. Option sellers often benefit from Theta decay because premiums reduce over time. Key Points About Theta Theta increases rapidly near expiry Out-of-the-money options lose value faster Time decay works daily Buyers need quick market movement to overcome Theta loss 5. Vega – Impact of Volatility What is Vega? Vega measures how much the option premium changes when implied volatility changes. Volatility means the expected movement in the market. Higher volatility generally increases option premiums. Understanding Vega in Simple Words Suppose: Vega is 10 Implied volatility increases by 1% Then: Option premium may increase by approximately ₹10 Similarly: If volatility falls Option premium may decrease Why Vega is Important Volatility plays a major role in options pricing. Before major events such as: Budget announcements Earnings reports Economic data releases Volatility usually increases, causing option premiums to rise. Key Points About Vega Higher volatility increases premiums Lower volatility decreases premiums Vega is higher in long-duration options Event-based trading strongly affects Vega 6. Relationship Between Greeks All Greeks work together in options trading. For example: Delta measures price movement Gamma measures Delta change Theta measures time decay Vega measures volatility impact Professional traders always analyze Greeks together instead of depending on only one factor. 7. Why Option Greeks are Important Option Greeks help traders: Manage risk properly Understand option behavior Select better strike prices Improve entry and exit timing Avoid emotional trading decisions Without understanding Greeks, options trading becomes difficult because premium movement depends on multiple factors, not only market direction.
NSE:BANKNIFTYEducation
by GlobalWolfStreet
9
NIFTY 50 — Today to Next WeekImmediate Support 24,200 – 24,100 Important short-term support zone. Buyers are expected to defend this area. Strong Support Zone 23,900 – 23,750 If this breaks, broader weakness can enter the market. Immediate Resistance 24,450 – 24,550 Current breakout zone. NIFTY needs strong closing above this level for continuation. Upside Targets 24,800 25,000 Extended swing target near 25,300 Market Structure Bullish Case If NIFTY: holds above 24,200 and breaks 24,550 Then upside momentum may continue toward: 24,800 25,000 25,300 Bearish Case If NIFTY: breaks below 24,100 Then downside levels become: 23,900 23,750 What to Watch This Week 1. BANKNIFTY Direction NIFTY Bank strength usually drives NIFTY momentum. 2. FIIs & Global Markets US market trend Bond yields Dollar Index Crude oil movement These can heavily impact weekly sentiment. 3. IT & Banking Stocks Watch leaders like: HDFC Bank ICICI Bank Reliance Industries Infosys
NSE:NIFTY
by GlobalWolfStreet
4
PHILIPS Weekly Analysis: Bearish viewPHIA is currently trading near an important support area around €21.8. The stock recently faced rejection near €27.36, which shows sellers are still active at higher levels so price may fall up to €15.6 . If the price breaks and closes below €21.8, there is a good chance it may move lower toward the next support zone between €19.0 and €15.6. This area has acted as a strong support zone in the past and could attract buyers again. On the positive side, if buyers manage to push the price back above €23.5, the stock may attempt to move toward €27.36 again. A strong breakout above €30.18 would indicate a more bullish trend. Important Levels Resistance: €23.5, €27.36, €30.18 Support: €21.8 Major Support Zone: €19.0 – €15.6 At the moment, the chart looks slightly weak, so traders should watch the €21.8 support level carefully before taking any decision. Disclaimer: This analysis is only for educational purposes and is based on technical chart patterns. It is not financial advice. Please do your own research before investing or trading.
EURONEXT:PHIAShort
by kadamajinkya109