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HDFC BANK As of June 6, 2025, HDFC Bank Ltd. (NSE: HDFCBANK) is trading at approximately ₹1,944.90. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Calculated based on the previous day's high, low, and close prices: Pivot Point: ₹1,949.57 Support Levels: S1: ₹1,940.23 S2: ₹1,930.87 S3: ₹1,921.53 Resistance Levels: R1: ₹1,958.93 R2: ₹1,968.27 R3: ₹1,977.63 Source: Top Stock Research 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹1,942.42 S2: ₹1,938.01 S3: ₹1,930.87 Resistance Levels: R1: ₹1,956.71 R2: ₹1,961.12 R3: ₹1,968.27 🔍 Camarilla Pivot Points These levels are derived using the Camarilla method: Support Levels: S1: ₹1,947.89 S2: ₹1,946.17 S3: ₹1,944.46 Resistance Levels: R1: ₹1,951.31 R2: ₹1,953.03 R3: ₹1,954.74 📌 Trading Insights Immediate Support: ₹1,940.23 (Classic S1) Immediate Resistance: ₹1,958.93 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹1,958.93 could signal bullish momentum, while a drop below ₹1,940.23 might indicate bearish pressure.
NSE:HDFCBANKLong
by TechnicalExpress
1
BLS INTERNATIONAL SERVICES LIMITEDAs of June 6, 2025, BLS International Services Ltd. (NSE: BLS) is trading at approximately ₹408.60. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Calculated based on the previous day's high, low, and close prices: Pivot Point: ₹410.17 Support Levels: S1: ₹405.83 S2: ₹402.77 S3: ₹398.43 Resistance Levels: R1: ₹413.23 R2: ₹417.57 R3: ₹420.63 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹407.34 S2: ₹405.59 S3: ₹402.77 Resistance Levels: R1: ₹412.99 R2: ₹414.74 R3: ₹417.57 🔍 Camarilla Pivot Points These levels are derived using the Camarilla method: Support Levels: S1: ₹408.22 S2: ₹407.54 S3: ₹406.86 Resistance Levels: R1: ₹409.58 R2: ₹410.26 R3: ₹410.94 📌 Trading Insights Immediate Support: ₹405.83 (Classic S1) Immediate Resistance: ₹413.23 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹413.23 could signal bullish momentum, while a drop below ₹405.83 might indicate bearish pressure.
NSE:BLSLong
by TechnicalExpress
POWER GRID CORP LTDAs of June 6, 2025, Power Grid Corporation of India Ltd. (NSE: POWERGRID) is trading at approximately ₹294.25. Here's a detailed technical analysis focusing on 15-minute support and resistance levels, along with broader daily pivot points: 📊 15-Minute Technical Summary Technical Indicators: On the 15-minute timeframe, the overall technical outlook is neutral, indicating a balanced sentiment between buyers and sellers. 🔧 Daily Pivot Points (Classic Method) These levels are calculated based on the previous day's high, low, and close prices: Pivot Point: ₹290.78 Support Levels: S1: ₹286.32 S2: ₹282.73 S3: ₹278.27 Resistance Levels: R1: ₹294.37 R2: ₹298.83 R3: ₹302.42 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹291.23 S2: ₹290.02 S3: ₹288.05 Resistance Levels: R1: ₹295.17 R2: ₹296.38 R3: ₹298.35 📌 Trading Insights Current Price: ₹294.25 Immediate Resistance: ₹295.17 (Fibonacci R1) Immediate Support: ₹291.23 (Fibonacci S1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹295.17 could signal bullish momentum, while a drop below ₹291.23 might indicate bearish pressure.
NSE:POWERGRIDShort
by TechnicalExpress
1
XAUUSD – Awaiting Non-Farm, will gold hold its ground?The H8 chart shows gold retesting a key resistance zone around 3,426 USD after an impressive recovery run. Price action remains solid above the rising trendline and is supported by the EMA 34–89, indicating that the bullish structure is still well intact. However, the upper resistance zone is causing some hesitation in the market. If gold fails to break through immediately, a minor pullback toward the 3,330 – 3,290 USD area is highly possible. If this zone holds, it would present a good opportunity to rejoin the uptrend. On the news front, today’s spotlight is the U.S. Non-Farm Payrolls report. If the jobs data comes in weaker than expected, expectations for a Fed rate cut will likely increase – a scenario that could benefit gold significantly as a non-yielding asset.
OANDA:XAUUSDLong
by Rocky_trade_
USDJPY – Downtrend Continues, 143.500 Is the Key ZoneUSDJPY is moving within a clear descending channel and is now approaching the strong resistance area at 143.500 – where the EMA 34, EMA 89, and the upper trendline all converge. Historically, each time price touched this zone, a strong rejection followed. If the same happens again, we could see a move back down to 142.000 and potentially 140.500. On the fundamental side, the recently released U.S. ISM Services data disappointed, fueling expectations that the Fed might cut rates sooner – adding bearish pressure to the USD. Preferred scenario: watch for price reaction around 143.500 to enter a short position in line with the downtrend.
Short
by Rocky_trade_
EURUSD – Lower highs emerging, bearish signal in sight?Although the lower-than-expected jobless claims forecast could support a mild USD recovery, EURUSD is still holding above the EMAs in the short term. However, signs of weakness have begun to appear as price continues to get rejected around the 1.14800 zone – which aligns with a descending trendline that has been tested multiple times. Currently, EURUSD is forming a lower high pattern on the H4 chart, indicating growing selling pressure. If this pattern continues and price breaks below the 1.13800 area, a deeper correction toward the 1.13600 support zone could be triggered. This level has repeatedly supported price in the past and coincides with the confluence of the 34 and 89 EMAs.
Short
by Rocky_trade_
EURUSD – Strong push but might run out of steamEURUSD has just bounced nicely off the 1.13400 support zone. Price is now climbing back toward the previous high around 1.14500 – which looks promising, but also comes with some risk. This is a level that previously triggered a strong reversal, so if price fails to break through again, a pullback toward the lower EMA region is quite possible. On the chart, I can see price approaching the upper boundary of the ascending channel, while buying momentum seems to be fading. If we see a reversal candlestick pattern or long upper wicks forming in this area, it might be an early sign of a short-term drop. What about the news? The latest JOLTS report shows job openings in the US are slowing down, raising concerns about the labor market. At the same time, US–China trade tensions are flaring up again, and President Trump's unclear remarks on tariffs are making investors more cautious with the USD.
Short
by Rocky_trade_
Gold Awaits NFP Data: Will It Explode or Break Down from Range?XAUUSD – Gold Awaits NFP Data: Will It Explode or Break Down from Range? Gold remains in a consolidation phase, coiling tightly ahead of the highly anticipated Non-Farm Payrolls (NFP) report. With traders on edge, the market is poised for a breakout – but in which direction? 🌍 MACRO & FUNDAMENTAL INSIGHT Donald Trump reignited pressure on the Federal Reserve, calling for an immediate rate cut, especially after the recent ADP Employment Report showed the weakest job growth in over two years. Fed Chair Jerome Powell, however, maintains a cautious stance, emphasizing that “no rush” to cut rates unless inflation convincingly trends lower. Meanwhile, U.S. national debt is projected to hit $55 trillion by 2034, with unchecked fiscal expansion. This is fueling a global central bank gold-buying spree, with many purchases not even officially reported. 💡 This confluence of macroeconomic stress, monetary uncertainty, and geopolitical tension is pushing gold into the spotlight as a safe haven. 🔍 MARKET POSITIONING & SHORT-TERM DRIVERS Unemployment Claims released today: 236K vs previous 240K – slightly positive, but not strong enough to offset weak labor momentum. Treasury yields remain high (10Y at 4.55%), suggesting that while inflation fears persist, risk appetite is fragile. The NFP release will likely serve as the catalyst for gold's next directional move, especially as liquidity builds up in a narrowing technical structure. 📈 TECHNICAL ANALYSIS (H1 – EMA 13/34/89/200) Price is consolidating within a sideways range between 3333–3380, forming a classic liquidity trap just below key resistance. The 3352–3333 zone is a critical structural support. A break below this level opens the door for a dip toward the FVG liquidity zone around 3320–3318. On the upside, 3388–3400 remains a rejection zone. A clean breakout could target 3409 and even Fibonacci extension resistance at 3435–3445. 🔑 KEY TECHNICAL LEVELS Resistance: 3388 – 3392 – 3400 – 3409 Support: 3355 – 3333 – 3320 – 3318 🧭 TRADING STRATEGY 🔵 BUY ZONE: 3320 – 3318 SL: 3314 TP: 3324 → 3328 → 3332 → 3336 → 3340 → 3350 → 3360 → ??? 🔻 SELL ZONE: 3408 – 3410 SL: 3414 TP: 3404 → 3400 → 3396 → 3390 → 3386 → 3380 → 3370 ✅ FINAL THOUGHTS Gold is currently at the eye of the storm, with both fundamental and technical indicators aligned for volatility. The coming NFP release could tilt the balance sharply. Stay disciplined: trade key zones only, wait for confirmation, and prioritize risk management. In markets like these, precision beats prediction.
OANDA:XAUUSDShort
by MMFlowTrading
1
NIFTY 50 INDE 15min TF✦ Expiry Day Market Plan - Inside Candle Setup Today is an Inside Candle Day - price stuck within the previous day's range. This means: Sideways movement likely But if key levels break - high volatility possible! Bullish Plan Watch Zone: 24650-24680 Condition: 15-min candle close above 24680 with strong volume * Action: → Enter on breakout → Or wait for pullback (retest) & enter on bounce Targets: Big upside possible - trail SL to lock profits Bearish Plan Watch Zone: 24550-24530 Condition: Break & hold below 24550 * Action: → Enter on breakdown → Book first 50 pts, then trail SL Targets: Quick downside moves possible ? Key Tips Don't rush - wait for confirmation Use volume + candle close as triggers Stick to trailing SL & partial booking
NSE:NIFTYShort
by TechnicalExpress
2
EURUSD – In a tough spot as USD regains momentumThe sharp rise in ADP and ISM PMI forecasts is shifting market expectations: the Fed is now less likely to cut interest rates soon. This immediately supports the USD recovery and puts pressure on major currency pairs – EURUSD included. Looking at the H4 chart, we can see price being rejected around the 1.14480 resistance zone, right when the EMA 34 and 89 lines are starting to tighten – a sign that the bullish momentum is fading. At this point, price appears to be heading back toward the 1.13300 support zone, which has held several times before. If this level breaks, the bearish move could extend toward 1.12890.
Short
by Rocky_trade_