Crypto
Technical ConceptA "technical concept" refers to a specific idea or principle within a technical field, like engineering, computer science, or a specific industry. It's a fundamental building block that helps explain how something works, what it does, and why it's used. These concepts are often complex and require a certain level of technical understanding.
Bharti Airtel Ltd // 2hour Support and ResistanceAs of May 3, 2025, here are the key 2-hour support and resistance levels for Bharti Airtel Ltd (NSE: BHARTIARTL):
📊 2-Hour Support and Resistance Levels
Level Price (₹) Type
Support 1 1,590.27
Support 2 1,561.57
Support 3 1,549.38
Resistance 1 1,618.97
Resistance 2 1,606.78
Resistance 3 1,635.48
These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
🔍 Technical Indicators
As of the latest available data:
Relative Strength Index (RSI): 39.84, indicating neutral momentum.
Stochastic RSI: 11.36, suggesting potential for upward movement.
Commodity Channel Index (CCI): -155.75, reflecting bearish momentum.
Money Flow Index (MFI): 62.2, indicating an uptrend.
These indicators suggest a neutral to slightly bullish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹1,590.27, it may continue its upward movement towards Resistance 1 at ₹1,618.97.
Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase.
Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
Tata Power Corporation Ltd // 3hour Support and ResistanceAs of May 3, 2025, here are the key 3-hour support and resistance levels for Tata Power Company Ltd (NSE: TATAPOWER):
📊 3-Hour Support and Resistance Levels
Level Price (₹) Type
Support 1 349.81
Support 2 348.43
Support 3 346.76
Resistance 1 352.86
Resistance 2 354.53
Resistance 3 355.91
These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
🔍 Technical Indicators
As of the latest available data:
Relative Strength Index (RSI): 44.03, indicating neutral momentum.
Stochastic RSI: 0, suggesting oversold conditions.
Commodity Channel Index (CCI): -133.29, reflecting bearish momentum.
Money Flow Index (MFI): 56.07, indicating neutral buying and selling pressure.
These indicators suggest a neutral to slightly bearish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹349.81, it may continue its upward movement towards Resistance 1 at ₹352.86.
Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase.
Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
NIFTY 50 INDEX #NIFTY50 Analysis (02 May 2025):
• Pattern: Double Top near 24,520
• Resistance Zones:
* Major: 24,510 - 24,530
* Minor: 24,360-24,400
• Support Zones:
* Immediate: 24,150
* Strong: 24,000 - 23,840
(Bearish Reversal Indication)
RSI Divergence (not shown, assumed) hints at weakening momentum near top.
Fundamental Note: FIl flows, earnings season volatility, and U.S. Fed
commentary are driving current swings.
INDUS TOWERS LTDAs of May 2, 2025, the key intraday support and resistance levels for Indus Towers Ltd (NSE: INDUSTOWER) are as follows:
Immediate Support Levels:
₹341.47
₹336.37
₹331.27
₹323.02
Immediate Resistance Levels:
₹374.48
₹366.23
₹361.13
₹356.03
These levels are derived from technical analysis and are subject to change based on market conditions.
RSI ExplanationThe Relative Strength Index (RSI) is a momentum indicator used in technical analysis to assess the speed and magnitude of price changes. It helps traders identify potential overbought and oversold conditions in a financial instrument, suggesting when an asset might be nearing a trend reversal. RSI values range from 0 to 100, with readings below 30 often indicating oversold conditions and readings above 70 suggesting overbought conditions'
ITC LTD // 1week Support and ResistanceAs of May 1, 2025, at 10:20 AM IST, ITC Ltd (NSE: ITC) is trading at ₹403.05. Based on recent technical analysis, here are the key support and resistance levels for the stock on a weekly (1W) chart:
📊 Weekly Support and Resistance Levels
Immediate Support Levels:
₹402.50
₹394.45
₹388.00
Immediate Resistance Levels:
₹409.10
₹417.30
₹423.75
These levels suggest that if the stock price declines below ₹402.50, it may find support around ₹394.45 and ₹388.00. Conversely, if the price rises above ₹409.10, it could encounter resistance near ₹417.30 and ₹423.75.
🔍 Technical Indicators
ADX (Average Directional Index): 29.19 – indicates a trending market.
RSI (Relative Strength Index): 47.4 – suggests neutral momentum.
MACD (Moving Average Convergence Divergence): -4.66 – indicates a negative trend.
CCI (Commodity Channel Index): 2.74 – suggests neutral momentum.
These indicators suggest a neutral to slightly bearish outlook for ITC in the short term.
📈 Summary
ITC is currently trading near its immediate support levels. A break below ₹402.50 could lead to a decline towards ₹394.45 and ₹388.00. On the upside, resistance is observed at ₹409.10, ₹417.30, and ₹423.75. Traders should monitor these levels closely, as a decisive move beyond these support or resistance levels could signal the next directional move.
Nifty 50 Index // 15min Support and ResistanceAs of May 1, 2025, at 9:04 AM IST, the Nifty 50 index is trading at approximately 23,630. Based on recent intraday analysis, here are the key 15-minute support and resistance levels:
🔹 Support Levels
S1: 23,263
S2: 23,189.88 (61.8% Fibonacci retracement)
S3: 23,100.20 – 23,127.45
🔹 Resistance Levels
R1: 23,349.20 – 23,421.25
R2: 23,496.15 – 23,795.20
R3: 23,645.05 – 23,726.85
These levels are derived from recent intraday analysis and are subject to change with market conditions. It's advisable to monitor the stock's price movements and consult with a financial advisor before making any trading decisions.
Option Trading AnalysisAn option is a contract that represents the right to buy or sell a financial product at an agreed-upon price for a specific period of time. You can typically buy and sell an options contract at any time before expiration. Options are available on numerous financial products, including equities, indices, and ETFs.
Reliance Industries Futures // 1 day Support and ResistanceAs of April 30, 2025, the Reliance Industries Futures (NSE: RELIANCE) closed at ₹1,235.80, up 0.16% from the previous close of ₹1,233.80. The futures market indicates a slight bullish sentiment, with open interest increasing by 4.82%, suggesting that traders are holding onto long positions.
📈 Daily Support and Resistance Levels
Based on recent analyses, here are the key support and resistance levels for Reliance Industries Futures on a daily timeframe:
Resistance Levels:
R1: ₹1,246.44
R2: ₹1,253.43
R3: ₹1,267.37
Support Levels:
S1: ₹1,191.37
S2: ₹1,177.43
S3: ₹1,153.37
These levels are derived from classic pivot point calculations and can act as potential entry, target, and stop-loss levels for intraday traders.
📊 Technical Indicators
Futures Price: ₹1,243.90
Pivot Point: ₹1,246.98
Support Levels:
S1: ₹1,233.12
S2: ₹1,222.33
S3: ₹1,208.47
Resistance Levels:
R1: ₹1,257.77
R2: ₹1,271.63
R3: ₹1,282.42
These levels are calculated based on the futures price and can provide insights into potential price movements.
🧭 Trading Strategy
Bullish Scenario: If Reliance Industries Futures breaks above ₹1,246.44, it could signal a continuation of the upward trend, with potential targets at ₹1,253.43 and ₹1,267.37.
Bearish Scenario: A decline below ₹1,191.37 may indicate a bearish trend, with support levels at ₹1,177.43 and ₹1,153.37.
Traders should monitor these levels closely and adjust their strategies accordingly.
Please note that these levels are subject to change based on market dynamics and should be used in conjunction with other technical analysis tools for informed decision-making.
Nifty 50 //2hour Support and ResistanceAs of April 30, 2025, at 9:45 AM IST, the Nifty 50 index is trading at approximately ₹24,100. Based on recent analyses and technical indicators, here are the key support and resistance levels for the Nifty 50 on a 2-hour timeframe:
📈 Key Support Levels
S1: ₹23,800 – A significant support level where buying interest may emerge.
S2: ₹23,500 – A crucial support zone; breaching this could indicate further downside potential.
S3: ₹23,200 – A critical support level; if broken, it may lead to a more substantial decline.
📊 Key Resistance Levels
R1: ₹24,460 – Immediate resistance; a breakout above this level could signal bullish momentum.
R2: ₹24,550 – A strong resistance zone; surpassing this could lead to further gains.
R3: ₹24,800 – A significant resistance level; if breached, it may indicate a continuation of the uptrend.
📌 Technical Indicators
Relative Strength Index (RSI): Currently at 41.51, indicating neutral momentum.
Moving Averages: The index is trading above its 200-day Simple Moving Average (SMA) of ₹23,780.57, suggesting a long-term bullish trend.
🧭 Trading Strategy
Given the current levels:
Bullish Scenario: A breakout above ₹24,460 could lead to a rally towards ₹24,800.
Bearish Scenario: A decline below ₹23,500 may indicate a move towards ₹23,200.
Traders should monitor these levels closely and adjust their strategies accordingly.
Please note that these levels are subject to change based on market dynamics. It's advisable to use them in conjunction with other technical analysis tools and indicators.
Nifty Financial Services Index//15min Support and ResistanceAs of April 30, 2025, the Nifty Financial Services Index (FINNIFTY) is exhibiting a bullish trend, with the current price at ₹23,512.80. Technical indicators such as moving averages and pivot points suggest potential support and resistance levels for short-term trading.
📊 Key Support and Resistance Levels
Based on recent analyses, here are the critical levels to monitor:
Resistance Levels:
R1: ₹23,571.52
R2: ₹23,630.23
R3: ₹23,695.77
Support Levels:
S1: ₹23,447.27
S2: ₹23,381.73
S3: ₹23,323.02
These levels are derived from pivot point calculations and are useful for intraday trading strategies.
📈 Technical Indicators
Moving Averages:
The index is trading above its 5-day, 10-day, and 20-day simple and exponential moving averages, indicating a bullish short-term trend.
Pivot Points:
The classic pivot point is at ₹24,264.15, with R1 at ₹24,397.3 and S1 at ₹24,175.85.
🧭 Trading Strategy
Given the current bullish momentum, traders might consider buying near support levels and targeting resistance levels for potential profits. However, it's essential to monitor market conditions closely, as breakouts above resistance levels could lead to further upward movement, while failures to hold support may indicate a reversal.
Please note that these levels are subject to change based on market dynamics and should be used in conjunction with other technical analysis tools for informed decision-making.
Pidilite Industries
PIDILITE Industries is forming a Head and shoulders pattern on 4 Hour Time frame, although the chart is looking bullish and the price is also at a round number
support i.e., 3000, but as this indication is on 4 hour we cannot ignore it.
We will wait for the price to breakdown and let the first 30 min candle close below the neckline and do a retest or give us some confirmation candles.
We will also keep a eye, how price is rejecting from 3000 if it gives us some concrete confluences we will looking for long trades only, trend priority
Engineers India Ltd (EIL)As of April 30, 2025, Engineers India Ltd (EIL) is trading at ₹178.41 on the NSE. Based on the latest technical analysis, here are the key intraday support and resistance levels for EIL:
📊 Intraday Support and Resistance Levels
Pivot Point: ₹180.13
First Support: ₹177.46
Second Support: ₹174.04
Third Support: ₹171.37
First Resistance: ₹183.55
Second Resistance: ₹186.22
Third Resistance: ₹189.64
📈 Technical Indicators
Relative Strength Index (RSI): 37.21 (indicating a potentially oversold condition)
Money Flow Index (MFI): 28.35 (suggesting weak buying pressure)
MACD: -9.01 (indicating a bearish trend)
These levels and indicators suggest that EIL is currently in a bearish phase, with the stock trading below its pivot point and facing resistance at higher levels. Traders may consider monitoring the stock for potential reversal patterns or further breakdowns.
Please note that stock prices and technical levels are subject to change, and it's advisable to consult with a financial advisor or conduct further research before making investment decisions.
Divergence meaningIn the stock market, divergence refers to a situation where the price of an asset moves in the opposite direction of a technical indicator, like an oscillator or momentum indicator. This discrepancy suggests a potential shift in trend momentum or a weakening of the current trend, possibly leading to a reversal.
Option TradingIf you're looking for a simple options trading definition, it goes something like this: Options trading gives you the right or obligation to buy or sell a specific security on or by a specific date at a specific price. An option is a contract that's linked to an underlying asset, such as a stock or another security.
Option and Database TradingIn financial markets, options trading refers to buying and selling contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset (like a stock, index, or ETF) at a specific price (strike price) within a certain time frame. Database trading, on the other hand, involves the buying and selling of data assets or the rights to use specific datasets, often for financial or commercial purposes.
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Explanation of RSIThe Relative Strength Index (RSI) is a momentum indicator used in technical analysis to assess the speed and magnitude of price changes. It helps traders identify potential overbought and oversold conditions in a financial instrument, suggesting when an asset might be nearing a trend reversal. RSI values range from 0 to 100, with readings below 30 often indicating oversold conditions and readings above 70 suggesting overbought conditions.
Orient Electric Ltd Orient Electric Ltd :-
🔹 Support Levels
S1: ₹217.36
S2: ₹214.02
S3: ₹210.11
🔹 Resistance Levels
R1: ₹224.61
R2: ₹228.52
R3: ₹231.86
These levels are derived from pivot point calculations and are widely used by traders to identify potential reversal points or breakout zones.
📊 Technical Indicators
Relative Strength Index (RSI): 57.51 (Neutral)
Average True Range (ATR): 11.34 (Indicates moderate volatility)
Moving Averages: The stock is trading below its 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.
🔍 Analysis Summary
The current price is near the support zone. A break below ₹217.36 could lead to further declines towards ₹214.02 and ₹210.11. Conversely, if the stock holds above ₹224.61, it may attempt to retest resistance levels at ₹228.52 and ₹231.86. Traders should watch for significant price action near these levels to assess potential breakout or breakdown scenarios.
$NOT: Bottomed Out, Breakout Confirmed — Bulls Getting Stronger!GETTEX:NOT : Bottomed Out, Breakout Confirmed — Bulls Getting Stronger! Is This the Last Chance Before $0.03 and New ATH? 🚀
🔰 Current Status:
GETTEX:NOT has corrected -92% from its ATH and recently showed a strong bounce from the bottom, accompanied by a surge in volume.
🔰 Structure Analysis:
▪️ Price is currently forming Lower Lows (LL) and Lower Highs (LH).
▪️ A Change of Character (ChoCh) is identified around $0.0028.
➔ A breakout and candle close above $0.0028 would confirm a major trend reversal.
🔰 Pattern Breakout:
The price has also broken out from a falling wedge pattern, indicating that bullish momentum is building up.
🔰 Accumulation Zone:
Key accumulation area: $0.0022–$0.0019.
🔰 Targets:
Immediate resistance zones will act as the first targets post-breakout.
Major rally potential toward a New ATH if $0.0028 flips into support.
🔰 Risk Management:
Stop Loss suggested at: $0.001590 (below previous support structure).
Key Question:
Can GETTEX:NOT hit $0.03 in this altseason?
If ChoCh breakout and resistance flip are confirmed, $0.03+ becomes a highly probable target during strong altseason momentum.
DYOR — Trade Safe.