will this time GAIL finally succeed?GAIL in the past couple of sessions, made multiple attempts to kick out the resistance zone of 105-110
it failed
will it be successful now? and make a move towards 140?
Backtify
axis bank chart explained as per setup
the earlier resistance got cracked out with volumes
during the current nifty down move,
the stock witnessed support at 800-820 zone
now a breakout above 875 would be a confirmation of long
with a stop below 845 for target 925-940.
SPX 500 ANALYSIS trading above 20 & 50-period average
trading now well above earlier resistance areas
should approach previous hurdles at 4225, which if sustained can continue towards 4450-4480
lets understand support and resistance in detail support and resistance they play a truly crucial role in trading
If you want to trade like a pro, there's something you should know:
Support and resistance, they're the stars of the show!
this can be understood from the below:-
Support is like a floor, it holds prices up high,
Resistance is a ceiling, prices can't seem to fly.
When prices hit support, they tend to bounce back,
And when they reach resistance, they often lose track.
These levels are key, they're a trader's best friend,
They help you to enter, exit, and defend.
So pay attention to support and resistance, my friend,
They'll help you make profits and trade till the end!
volume confirmation along with breakouts are beautiful
RELIANCE can be good for income option strategiesReliance: the heavyweight counter is trading in a tight range
with support can be seen at 2250 areas while hurdles at 280-2410 zones
the counter need to surpass this range for any effective trade
however good for option strategies like IRON FLY, IRON CONDOR, STRADDLE SHORT with a hedge, and calender strategy as well
LTIM Decoding the price actionThe price action of LTIM suggests that it is in consolidation for a couple of months.
the supply and demand are now in a 10-12% range.
the script had attempted fake-outs in the past as well which failed at trendline resistance areas.
LTIM needs to give a close above this level for any decisive move
Failure to close above 4800 makes it a strong resistance zone
The counter holds the 4350-4320 support zone.
