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How to draw support and resistance The most reliable source for identifying support and resistance levels is historical prices, making them invaluable to traders. The key is to familiarise yourself with past patterns – sometimes from very recent activity – so you can recognise them if they appear again. Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
NSE:IGLEducation
by SkyTradingZone
Learn Option in trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. Or as it's conveniently named, 1 Long put closer to the money, 1 short put further from the money, and 2 more short puts even further from the money. Preferably, as far away as possible while maintaining a net credit for the trade.
NSE:NIFTYEducation
by SkyTradingZone
RSI in trading 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 overbought or oversold conditions in the price of that security. The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
NSE:NIFTYEducation
by SkyTradingZone
Option chain in tradingAn option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:NIFTYEducation
by SkyTradingZone
Adx part 1The ADX quantifies trend strength by measuring directional movement over a given time frame. It provides traders with specific numbers (from 0 to 100) that represent strong or weak price trends. Traders can simply refer to the numbers to quickly assess the strength of a trend. ADX below 20: Non-trending or consolidating. ADX crosses above 20: A new trend may emerge. ADX crosses 25: Confirmation of the trend. ADX above 40: Strong trend. ADX crosses 50: Extremely strong trend. ADX crosses 70: A rare occasion.
NSE:HDFCBANKEducation
by SkyTradingZone
ADANIENT Support & Resistanace As of December 26, 2024, Adani Enterprises Limited (ADANIENT) is trading at ₹2,377.27. For intraday trading, the following support and resistance levels have been identified: Daily Pivot Levels: Support Levels: S1: ₹2,300.68 S2: ₹2,256.42 S3: ₹2,179.83 Resistance Levels: R1: ₹2,421.53 R2: ₹2,498.12 R3: ₹2,542.38 These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
NSE:ADANIENTLong
by EmpireCrown
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) is trading at ₹2,290.50. For intraday trading, the following support and resistance levels have been identified: Daily Pivot Levels: Support Levels: S1: ₹2,278.40 S2: ₹2,157.58 S3: ₹2,065.27 Resistance Levels: R1: ₹2,378.30 R2: ₹2,499.12 R3: ₹2,591.43 These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
NSE:OBEROIRLTYLong
by EmpireCrown
HDFCBANK Support & Resistance As of December 26, 2024, HDFC Bank Limited (HDFCBANK) is trading at ₹1,809.30. For intraday trading, the following support and resistance levels have been identified: Daily Pivot Levels: Support Levels: S1: ₹1,798.78 S2: ₹1,788.87 S3: ₹1,779.63 Resistance Levels: R1: ₹1,817.93 R2: ₹1,827.17 R3: ₹1,836.42 These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
NSE:HDFCBANKLong
by EmpireCrown
ICICIBANK Support & Resistance As of December 26, 2024, ICICI Bank Limited (ICICIBANK) is trading at ₹1,297.25. For intraday trading, the following support and resistance levels have been identified: Daily Pivot Levels: Support Levels: S1: ₹1,290.17 S2: ₹1,283.08 S3: ₹1,275.92 Resistance Levels: R1: ₹1,304.42 R2: ₹1,311.58 R3: ₹1,318.67 These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
NSE:ICICIBANKLong
by EmpireCrown
AXISBANK Support & ResistanceAs of December 26, 2024, Axis Bank Limited (AXISBANK) is trading at ₹1,078.90. For intraday trading, the following support and resistance levels have been identified: Daily Pivot Levels: Support Levels: S1: ₹1,075.02 S2: ₹1,071.13 S3: ₹1,066.27 Resistance Levels: R1: ₹1,083.77 R2: ₹1,088.63 R3: ₹1,092.52 TOP STOCK RESEARCH These levels are calculated based on recent price movements and can assist traders in making informed decisions. It's important to note that technical analysis is inherently uncertain, and actual market movements may differ. Therefore, it's advisable to use these levels in conjunction with other analyses and risk management strategies.
NSE:AXISBANKLong
by EmpireCrown
RELIANCE Support and Resistance As of today, for intraday trading in Reliance Industries (RELIANCE), here are the approximate support and resistance levels based on technical analysis: Intraday Support Levels: S1 (First Support): ₹1,220 S2 (Second Support): ₹1,210 S3 (Third Support): ₹1,200 Intraday Resistance Levels: R1 (First Resistance): ₹1,230 R2 (Second Resistance): ₹1,240 R3 (Third Resistance): ₹1,250 Notes: These levels are calculated using pivot points, Fibonacci retracements, and other common technical indicators. Intraday traders should also consider the stock's volatility, volume, and momentum indicators for confirmation. Always set a stop-loss to manage risk effectively.
NSE:RELIANCELong
by EmpireCrown
Pre Market analysis for 26/12/2024 Pre Market analysis for 26/12/2024 #NIFTYBANK If market opens flat and breaks trendline 51350 level, will plan for buying for target 51600 level. If market opens gap down, and breaks 51100 will plan for selling for target 50800. Wait for 15min candle close below level. If market opens gap up, wait for retest of trendline 51300 level, then plan for buying for target 51600. Disclaimer:-All views are my personal and only for educational purpose. #StockMarket #LetsLearnTogether
NSE:BANKNIFTYLong
by EmpireCrown
Learn option trading with us The seller (or writer) of options accepts the obligation to buy or sell should the purchaser exercise their right. U.S. investors can trade options on a wide range of financial products—from individual stocks or stock exchange-traded funds (ETFs) to indexes, foreign currencies and more The process for how to learn stock options trading is quite simple. You need to immerse yourself in educational resources, and then put what you've learned to practice. But – what we recommend is to practice with paper trading before you actually spend real money on options.
NSE:BANKNIFTYEducation
by SkyTradingZone
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SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close. The following support and resistance levels have been identified for SBIN: Support Levels: S1: ₹823.90 S2: ₹813.15 S3: ₹804.87 Resistance Levels: R1: ₹841.70 R2: ₹848.75 R3: ₹858.27 These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:SBINLong
by EmpireCrown
INDUSINDBK Support & ResistanceAs of December 24, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹935.30, reflecting a decrease of 0.51% from the previous close. The following support and resistance levels have been identified for INDUSINDBK: Support Levels: S1: ₹924.45 S2: ₹907.75 S3: ₹875.00 Resistance Levels: R1: ₹940.65 R2: ₹948.15 R3: ₹955.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:INDUSINDBKLong
by EmpireCrown
Nifty 50 Support & ResistanceAs of December 24, 2024, the Nifty 50 Index closed at 23,587.50. The following support and resistance levels have been identified for the Nifty 50: Support Levels: S1: 23,500 S2: 23,400 S3: 23,300 Resistance Levels: R1: 23,700 R2: 23,800 R3: 23,900 These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:NIFTYLong
by EmpireCrown
BANKNIFTY Support & Resistance As of December 24, 2024, the Nifty Bank Index (BANKNIFTY) closed at ₹51,233.00, reflecting a decrease of 0.16% from the previous close. The following support and resistance levels have been identified for BANKNIFTY: Support Levels: S1: ₹51,119.64 S2: ₹51,006.27 S3: ₹50,875.04 Resistance Levels: R1: ₹51,364.24 R2: ₹51,495.47 R3: ₹51,608.84 These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:BANKNIFTYLong
by EmpireCrown
TATAMOTORS Support & Resistance As of December 24, 2024, Tata Motors Limited (TATAMOTORS) closed at ₹736.10, marking an increase of ₹13.90 (1.92%) from the previous close. The following support and resistance levels have been identified for Tata Motors: Support Levels: S1: ₹729.30 S2: ₹713.10 S3: ₹706.72 Resistance Levels: R1: ₹752.10 R2: ₹757.00 R3: ₹770.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:TATAMOTORSLong
by EmpireCrown
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close. The following support and resistance levels have been identified for RELIANCE: Support Levels: S1: ₹1,217.98 S2: ₹1,213.22 S3: ₹1,205.43 Resistance Levels: R1: ₹1,229.27 R2: ₹1,238.32 R3: ₹1,243.08 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:RELIANCELong
by EmpireCrown
AXISBANK Support & ResistanceAs of December 24, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,078.90, reflecting a slight decrease of 0.02% from the previous close. The following support and resistance levels have been identified for AXISBANK: Support Levels: S1: ₹1,075 S2: ₹1,071 S3: ₹1,066 Resistance Levels: R1: ₹1,084 R2: ₹1,089 R3: ₹1,093 These levels are derived from technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:AXISBANKLong
by EmpireCrown