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.
NIFTY
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.
RSI MeaningRSI stands for Relative Strength Index. It's a technical indicator used in financial markets to measure the speed and magnitude of recent price changes, helping traders identify potential overbought or oversold conditions. The RSI, developed by J. Welles Wilder Jr., typically ranges from 0 to 100. A value above 70 generally suggests an asset is overbought, while a value below 30 may indicate it's oversold.
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.
Advanced Database TradingAdvanced database systems try to meet the requirements of present-day database applications by offering advanced functionality in terms of data modeling, multimedia data type support, data integration capabilities, query languages, system features, and interfaces to other worlds.
Divergence Based TradingDivergence occurs when the stochastic oscillator's peaks or troughs disagree with the price. For instance, if the stochastic makes lower highs while the price is rising, it indicates a bearish divergence. Likewise, higher stochastic lows against lower price lows indicate a bullish divergence.
BEL // 2hr Support and ResistanceAs of April 29, 2025, here are the key 2-hour support and resistance levels for Bharat Electronics Ltd (NSE: BEL) based on recent technical analyses:
📈 2-Hour Support and Resistance Levels
Type Level (₹)
Resistance 1 (R1) ₹292.55
Resistance 2 (R2) ₹294.85
Resistance 3 (R3) ₹296.35
Support 1 (S1) ₹286.35
Support 2 (S2) ₹284.05
Support 3 (S3) ₹282.10
These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 55.26, indicating a neutral to slightly bullish momentum.
Money Flow Index (MFI): Approximately 50.44, suggesting balanced buying and selling pressure.
Moving Average Convergence Divergence (MACD): Approximately -0.92, indicating a bearish trend.
Average True Range (ATR): Approximately 8.7, indicating moderate volatility.
📌 Key Observations
Resistance Levels: If BEL breaks above ₹292.55, it may face resistance at ₹294.85 and ₹296.35.
Support Levels: A decline below ₹286.35 could lead to further support at ₹284.05 and ₹282.10.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹292.55 on the upside and ₹286.35 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
Canara BankAs of April 29, 2025, here are the key 1-hour support and resistance levels for Canara Bank (NSE: CANBK) based on recent technical analyses:
📈 1-Hour Support and Resistance Levels
Type Level (₹)
Resistance 1 (R1) ₹108.05
Resistance 2 (R2) ₹109.51
Support 1 (S1) ₹104.56
Support 2 (S2) ₹102.53
These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 60, indicating a neutral to slightly bullish momentum.
Moving Average Convergence Divergence (MACD): Currently in a bearish crossover, suggesting potential downward pressure.
Bollinger Bands: The stock is trading near the upper band, indicating high volatility and potential overbought conditions.
📌 Key Observations
Resistance Levels: If Canara Bank breaks above ₹108.05, it may face resistance at ₹109.51.
Support Levels: A decline below ₹104.56 could lead to further support at ₹102.53.
Trend Analysis: The stock is currently testing the upper resistance zone. A breakout above ₹108.05 could signal a continuation of the upward trend. Conversely, a drop below ₹104.56 may indicate a bearish reversal.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
Reliance Industries //1 day Support and ResistanceAs of April 29, 2025, here are the key daily support and resistance levels for Reliance Industries Ltd (NSE: RELIANCE) based on recent technical analyses:
📈 Daily Support and Resistance Levels
Level Type Value (₹)
Support 1 (S1) ₹1,191.37
Support 2 (S2) ₹1,177.43
Support 3 (S3) ₹1,153.37
Resistance 1 (R1) ₹1,229.37
Resistance 2 (R2) ₹1,253.43
Resistance 3 (R3) ₹1,267.37
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 48.94, indicating a neutral to slightly bearish momentum.
Moving Averages:
5-Day Simple Moving Average (SMA): ₹1,210.41
50-Day Simple Moving Average (SMA): ₹1,213.72
200-Day Simple Moving Average (SMA): ₹1,216.23
The stock is trading near its short-term moving averages, suggesting a consolidation phase.
📌 Key Observations
Resistance Levels: If Reliance Industries breaks above ₹1,229.37, it may face resistance at ₹1,253.43 and ₹1,267.37.
Support Levels: A decline below ₹1,191.37 could lead to further support at ₹1,177.43 and ₹1,153.37.
Trend Analysis: The stock is currently trading within a range, with key levels at ₹1,229.37 on the upside and ₹1,191.37 on the downside. A breakout above or below these levels could indicate the next directional move.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
Bank Nifty IndexAs of April 29, 2025, here are the key support and resistance levels for the Bank Nifty Index based on recent technical analyses:
📈 Bank Nifty Support and Resistance Levels:
Type Level (₹)
Resistance 1 (R1) 46,000
Resistance 2 (R2) 46,375
Resistance 3 (R3) 47,200
Support 1 (S1) 45,236
Support 2 (S2) 44,936
Support 3 (S3) 44,100
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the index.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 52, indicating a neutral to slightly bullish momentum.
Moving Averages:
5-Day Average: ₹53,435.41
50-Day Average: ₹51,815.64
200-Day Average: ₹50,455.01
The stock is trading above its 5-day and 50-day simple moving averages (SMAs), suggesting a short-term bullish trend.
📌 Key Observations
Resistance Levels: If Bank Nifty breaks above ₹46,000, it may face resistance at ₹46,375 and ₹47,200.
Support Levels: A decline below ₹45,236 could lead to further support at ₹44,936 and ₹44,100.
Trend Analysis: The index is currently testing the upper resistance zone. A breakout above ₹46,000 could signal a continuation of the upward trend. Conversely, a drop below ₹45,236 may indicate a bearish reversal.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
WIPRO LTD 4hour // Support and ResistanceAs of April 29, 2025, here are the key 4-hour support and resistance levels for Wipro Ltd (NSE: WIPRO) based on recent technical analyses:
📈 4-Hour Support and Resistance Levels
Type Level Value (₹)
Resistance 1 (R1) 444.50 - 454.50 ₹444.50–₹454.50
Resistance 2 (R2) 458.00 - 468.00 ₹458.00–₹468.00
Resistance 3 (R3) 472.50 - 482.50 ₹472.50–₹482.50
Support 1 (S1) 430.50 - 440.50 ₹430.50–₹440.50
Support 2 (S2) 422.00 - 432.00 ₹422.00–₹432.00
Support 3 (S3) 410.00 - 420.00 ₹410.00–₹420.00
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): Approximately 60, indicating a neutral to slightly bullish momentum.
Moving Average Convergence Divergence (MACD): Currently in a bearish crossover, suggesting potential downward pressure.
Bollinger Bands: The stock is trading above the upper band, indicating high volatility and potential overbought conditions.
📌 Key Observations
Resistance Levels: If Wipro breaks above ₹444.50, it may face resistance at ₹458.00 and ₹472.50.
Support Levels: A decline below ₹430.50 could lead to further support at ₹422.00 and ₹410.00.
Trend Analysis: The stock is currently testing the upper resistance zone. A breakout above ₹444.50 could signal a continuation of the upward trend. Conversely, a drop below ₹430.50 may indicate a bearish reversal.
Please note that these levels are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
Adani Green Energy Ltd As of April 29, 2025, here are the key weekly support and resistance levels for **Adani Green Energy Ltd based on recent technical analyses:
📈 Weekly Support and Resistance Levels
| Type | Level | Value (₹) |
|------------|--------|-----------|
| Resistance 1 (R1) | 991.77 | ₹991.77 |
| Resistance 2 (R2)| 1,040.48 | ₹1,040.48 |
| Resistance 3 (R3) | 1,066.17 | ₹1,066.17 |
| Support 1 (S1) | 917.37 | ₹917.37 |
| Support 2 (S2) | 891.68 | ₹891.68 |
| Support 3 (S3) | 842.97 | ₹842.97 |
These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock.
📊 Additional Technical Indicators
Relative Strength Index (RSI): The RSI is 42.48, indicating that the stock is in the neutral territory, suggesting neither overbought nor oversold conditions.
- Moving Averages:
- 5-Day EMA: ₹825.40
- 50-Day EMA: ₹973.00
- 200-Day EMA: ₹1,335.50
- Current Price: ₹919.15
The stock is trading below its 50-day and 200-day exponential moving averages (EMAs), suggesting a short-term bearish trend.
⚠️ Important Notes
- Market Conditions: The stock has experienced significant volatility, with a 52-week high of ₹1,753.17 and a low of ₹455.37. The recent price decline of 19.92% over the past month indicates increased market uncertainty. )
- **Trading Restrictions**: Please be aware of any trading restrictions or circuit limits that may apply to the stock.
Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
TOURISM FINANCE CORPORATION OF INDIAAs of April 29, 2025, here are the key support and resistance levels for Tourism Finance Corporation of India Ltd. (TFCILTD) based on recent technical analyses:
📊 Monthly Support and Resistance Levels
Level Type Value (₹)
R3 Resistance 223.88
R2 Resistance 209.94
R1 Resistance 194.33
PP Pivot Point 180.39
S1 Support 164.78
S2 Support 150.84
S3 Support 135.23
These levels are derived from pivot point calculations and can serve as potential reversal or breakout zones for the stock.
📈 Additional Technical Indicators
Relative Strength Index (RSI): 56.41, indicating a neutral to slightly bullish momentum.
Moving Averages:
20-Day SMA: ₹137.90
50-Day SMA: ₹152.87
Support and Resistance Part 2Support occurs at the point where a downtrend is expected to pause due to a concentration of demand. Resistance occurs at the point where an uptrend is expected to pause due to a concentration of supply. Support and resistance areas can be identified on charts using trendlines and moving averages.
Basic to Advance in TradingMake profits in intraday.
Stock market concepts and workings explained from very basic level.
Learn powerful day trading strategies.
Learn a step by step approach of how to trade in intraday.
Trend Following (Wealth Generation)
Learn the art of minimizing the risk and maximizing the return.
Management and PsychologyManagement psychology explores how psychological principles and theories can be applied to understand and improve organizational performance. It focuses on human behavior, motivation, and decision-making within a workplace context, helping managers develop more effective strategies for leading teams and achieving business goals.
PCR StrategyThe Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
What is MACD ?MACD, or Moving Average Convergence Divergence, is a momentum indicator used in technical analysis to identify changes in the strength, direction, and duration of a trend. It's calculated by finding the difference between two exponential moving averages (EMAs) and then comparing that difference to its own EMA, according to Investopedia.
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.
Bajaj Finance LTD // 1hour Support and ResistanceAs of April 28, 2025, Bajaj Finance Ltd (NSE: BAJFINANCE) is trading at ₹8,731.60. Based on the latest technical analysis, here are the key support and resistance levels for the 1-hour timeframe:
📊 1-Hour Support and Resistance Levels
Immediate Support (S1): ₹8,744.55
Immediate Resistance (R1): ₹9,002.55
These levels are derived from recent market data and technical analysis. Movements beyond these points may indicate potential changes in the stock's trend.
🔍 Technical Indicators
20 EMA (Exponential Moving Average): ₹8,393.26
50 EMA: ₹8,381.46
Signal: Strong Bearish
The 1-hour chart indicates a strong bearish trend, as both the 20 EMA and 50 EMA are trending downward. This suggests potential selling pressure in the short term.
⚠️ Important Notes
Breakout Above Resistance: If the stock price breaks above ₹9,002.55, it may signal a bullish trend.
Breakdown Below Support: A drop below ₹8,744.55 could indicate further downside potential.
Please note that technical analysis is subject to change based on market conditions. It's advisable to monitor the stock closely and consider consulting with a financial advisor before making any trading decisions.