IOC // level // 1dIOC), here’s a structured approach you can follow:
Support Levels
Recent Lows: Identify significant low points over recent trading sessions. For example, if IOC recently dropped to around ₹70, that could serve as a support level.
Moving Averages: Check the 50-day and 200-day moving averages, which often act as dynamic support levels.
Previous Support Areas: Historical price levels where the stock has bounced can also indicate potential support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading. If IOC peaked at around ₹80, that might serve as a resistance level.
Trend Lines: Drawing trend lines across recent highs can help visualize potential resistance.
Psychological Levels: Round numbers, such as ₹75 or ₹85, often act as psychological resistance.
Example Analysis (Hypothetical)
Support Level: ₹70 (recent low)
Resistance Level: ₹80 (recent high)
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BANKBARODA // level // 1d(BANKBARODA), you can follow this structured approach:
Support Levels
Recent Lows: Identify the lowest price points over recent weeks or months. For example, if BANKBARODA recently dipped to around ₹150, that could serve as a support level.
Moving Averages: The 50-day or 200-day moving averages often act as dynamic support levels. If the price approaches these averages, they may provide support.
Previous Support Areas: Look at historical levels where the stock has bounced back.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. For example, if the stock peaked at around ₹170, that might be a resistance level.
Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance.
Psychological Levels: Round numbers, like ₹160 or ₹180, often act as resistance.
Example Analysis (Hypothetical)
Support Level: ₹150 (recent low)
Resistance Level: ₹170 (recent high)
FINNIFTY1! // level // 1dNifty Financial Services Index, you can follow this approach:
Support Levels
Recent Lows: Identify significant low points over the past few weeks or months. For example, if FINNIFTY recently dropped to around 18,500, that could be a support level.
Moving Averages: Check the 50-day and 200-day moving averages, which can act as dynamic support levels.
Previous Support Areas: Historical price levels where the index has bounced back can also indicate support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. If FINNIFTY peaked at around 19,000, that might serve as a resistance level.
Trend Lines: Draw trend lines across recent highs to visualize potential resistance areas.
Psychological Levels: Round numbers, like 19,000 or 19,500, often act as resistance.
Example Analysis (Hypothetical)
Support Level: 18,500 (recent low)
Resistance Level: 19,000 (recent high)
QD // level // 1d (QD), here's a general approach:
Support Levels
Recent Lows: Identify the lowest price points in recent trading sessions. For instance, if QD recently dropped to around $1.50, that might serve as a support level.
Moving Averages: The 50-day or 200-day moving averages can act as dynamic support. If the stock price approaches these averages, they might provide support.
Historical Support: Previous lows where the stock has bounced back can also indicate potential support levels.
Resistance Levels
Recent Highs: Determine the highest points in recent trading. For example, if the stock peaked at around $2.00, that could serve as a resistance level.
Trend Lines: Drawing trend lines across recent highs can help visualize resistance areas.
Psychological Levels: Round numbers like $1.75 or $2.00 often act as psychological resistance.
ICICIBANK // level // 1d ICICI Bank (ICICIBANK), you can follow this structured approach:
Support Levels
Recent Lows: Identify significant low points in the past weeks or months. For example, if ICICIBANK recently dropped to around ₹800, that could serve as a support level.
Moving Averages: Look at the 50-day or 200-day moving averages. These often act as dynamic support levels.
Previous Support Areas: Historical levels where the price has bounced can also indicate potential support.
Resistance Levels
Recent Highs: Determine the highest points in recent trading sessions. For instance, if the stock peaked at around ₹900, that could be a resistance level.
Trend Lines: Draw trend lines connecting recent highs to visualize potential resistance.
Psychological Levels: Round numbers like ₹850 or ₹900 can often act as resistance.
Example Analysis (Hypothetical)
Support Level: ₹800 (recent low)
Resistance Level: ₹900 (recent high)
Gold level support and resistance Gold level support and resistance refers to key price levels on a chart where the price of gold tends to find support or resistance. Here’s a brief overview:
Support
Definition: A support level is a price point where demand is strong enough to prevent the price from falling further. Traders often see this level as a buying opportunity.
Indicators: Look for previous lows, moving averages, or Fibonacci retracement levels that coincide with this price.
Resistance
Definition: A resistance level is where selling interest is strong enough to prevent the price from rising. Traders often view this as a selling opportunity.
Indicators: Check for previous highs, trend lines, or Fibonacci extensions that align with this price.
What is Rsi Indicator What Is the Relative Strength Index (RSI)?
The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overvalued or undervalued conditions in the price of that security.
The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
In addition to identifying overbought and oversold securities, the RSI can also indicate securities that may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
Will Bitcoin Hit $45000 Next ?Bitcoin Rejected from Resistance
BTC has once again been rejected from the Bull Flag Resistance Line. I'm now expecting a significant correction, with BTC/USDT potentially testing the $45,000-$50,000 level before the next leg up.
Caution:
Avoid buying until the market stabilizes. Global uncertainty with war news is adding to the volatility.
Key Levels:
Support: $48,000
Resistance: $66,000
Bull market resumes if BTC breaks above $66,000.
Nifty Intraday Analysis for 01st October 2024NSE:NIFTY
Index closed near 25810 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 89.63 Lakh
26200 Strike – 70.95 Lakh
26100 Strike – 57.07 Lakh
Put Writing
26000 Strike – 49.93 Lakh
25800 Strike – 43.26 Lakh
25500 Strike – 36.35 Lakh
Index has resistance near 26000 – 26100 range and if index crosses and sustains above 26100 level then may reach near 26250 - 26300 range.
Index has immediate support near 25600 – 25500 range and if this support is broken then index may tank near 25300 – 25200 range.
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PIXTRANS range breakout possible
#PIXTRANS range breakout possible
• Breakout level marked with horizontal
⚫ some changes are made by the company in management
⚫ may be some consolidation then breakout
It's not a buy/sell recommendations.
Sharing only for educational purposes do your own research before investing
#NTPC Support & Resistance #NTPC
Trend: Strong bullish momentum with a breakout.
Chart Pattern: Breakout above ₹430 with increased volume.
Resistance Levels: ₹460-₹465 (immediate), ₹480-₹490 (next).
Support Levels: ₹430 (immediate), ₹400 (stronger).
Volume Spike: Current volume around 20.9 million, above 15-day average of ~14million.
Recommendation: Buy on pullback around ₹430-₹435 or current price for swing
trade.
GAIL Support & Resistance #GAIL
Current Price: ₹240.29
Trend: Strong uptrend; RSI, CCI, and STOCH RSI indicate bullish momentum
Chart Pattern: Breakout past ₹230 resistance, signaling further potential upside.
Support Levels: ₹233.35, ₹229.73, ₹227.45
Resistance Levels: ₹239.25, ₹241.53, ₹245.15
Volume: 29.2M (Sept 30), supporting the breakout
Recommendation: Buy near ₹233; target ₹245-₹250 for swing trade.
NSE PNB is Preparing for a Corrective BreakoutTimeframe: Daily
NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91.
The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to break and sustain above wave iv at 112 . Upon holding above this level, traders can aim for targets of 117 – 126 – 137+. Even if the price falls below wave (Y), traders can only buy after the breakout of 112.
Stay tuned for further updates!
How to Draw Support and Resistance Like a Pro! Support and Resistance are one of the most important aspects of technical analysis but often I see traders doing it wrongly.
How to Draw Support and Resistance:
Imagine you have a chart filled with SR like the one below. Do you know which levels to pay attention to? When you’re about to start, how to plot support and resistance lines? It’s filled with nothing but lines and it doesn’t seem to make much meaning of the chart at all.
nah My approach to drawing Support and Resistance uses either
1 line or 2 lines. It is much cleaner and immediately tells you which area of the chart to pay attention to. I use a single line when price respect a level almost to the pip and i use 2 lines when price bounces off an area. I highlight only the key Support and Resistance of a chart meaning the obvious swing highs and lows. The intermediate SR i will not draw any lines so as to maintain my focus on the key areas. Besides, with enough screen time you can easily identify those intermediate Support and Resistance without any lines.
real world… You must keep in mind of the R.S.M. formula. These three things stands for:
Reaction Setup Management Now take notes because this is important… Reaction Here’s the truth: Drawing support and resistance lines aren’t the holy grail.
Godrej Agrovet - Flag Pattern!!Godrej Agrovet has given a breakout of its 2018 price and has not retesting the same. It has created a flag pattern and a breakout of same can give a massive 65% return. Other factors:
1. 2018 price breakout and retesting - strong set-up
2. Flag pattern on DTF
3. Largest palm oil plantation in India with 75000 hectares and by 2027 to increase to 100k hectares
4. Recent custom duty increase on import of palm oil will benefit Godrej Agrovet
5. Contracts with Nestle & Pepsi for purchase of palm oil
6. Best TTM results
Stock may consolidate and a breakout will take the price to our TPs.
Keep following @cleaneasycharts as we provide Right Stock at Right Time at Right Price!!
Cheers!!
Nifty Intraday Analysis for 30th September 2024NSE:NIFTY
Index closed near 26180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26500 Strike – 43.10 Lakh
26200 Strike – 42.25 Lakh
26300 Strike – 39.53 Lakh
Put Writing
26000 Strike – 62.95 Lakh
26200 Strike – 38.46 Lakh
25500 Strike – 34.98 Lakh
Index has resistance near 26250 – 26300 range and if index crosses and sustains above 26300 level then may reach near 26450 - 26500 range.
Index has immediate support near 26000 – 25900 range and if this support is broken then index may tank near 25700 – 25600 range.