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Pivot Points

Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 opened with a gap-up of 97.5 points (0.41%) and ended the week at 24,039.35 (0.79%) If Nifty sustains below 23,962, selling pressure may increase. However, a move above 24,117 could restore bullish momentum. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The crucial range to watch for potential trend reversals or continuation is 23,962-24,117. 🔹 Support & Resistance Levels: Support: S1: 23,731 S2: 23,423 S3: 23,144 Resistance: R1: 24,351 R2: 24,663 R3: 24,978 Market Outlook ✅ Bullish Scenario: A sustained breakout above 24,117 could attract buying momentum, driving Nifty towards R1 (24,663) and beyond. ❌ Bearish Scenario: A drop below 23,962 may trigger selling pressure, pushing Nifty towards S1 (23,731) or lower.
NSE:NIFTY
by ALICEBLUE
Bank Nifty Weekly Insights: Key Levels & TrendsBank Nifty ended the week at 54,664.05, registering a gain of 0.69%. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The critical range to monitor for potential trend reversals or continuation is 54,548 - 54,781 🔹 Support & Resistance Levels: Support Levels: S1: 54,198 S2: 53,733 S3: 52,493 Resistance Levels: R1: 55,134 R2: 55,603 R3: 56,553 Market Outlook ✅ Bullish Scenario: A sustained move above 54,781 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,134) and beyond. ❌ Bearish Scenario: If the index falls below 54,548, selling pressure may increase, pulling it towards S1 (54,198) and lower levels.
NSE:BANKNIFTY
by ALICEBLUE
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 opened with a gap-up of 97.5 points (0.41%) and ended the week at 24,039.35 (0.79%) If Nifty sustains below 23,962, selling pressure may increase. However, a move above 24,117 could restore bullish momentum. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The crucial range to watch for potential trend reversals or continuation is 23,962-24,117. 🔹 Support & Resistance Levels: Support: S1: 23,731 S2: 23,423 S3: 23,144 Resistance: R1: 24,351 R2: 24,663 R3: 24,978 Market Outlook ✅ Bullish Scenario: A sustained breakout above 24,117 could attract buying momentum, driving Nifty towards R1 (24,663) and beyond. ❌ Bearish Scenario: A drop below 23,962 may trigger selling pressure, pushing Nifty towards S1 (23,731) or lower. Disclaimer: lnkd.in
NSE:NIFTY
by ALICEBLUE
Bank Nifty Weekly Insights: Key Levels & TrendsBank Nifty ended the week at 54,664.05, registering a gain of 0.69%. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The critical range to monitor for potential trend reversals or continuation is 54,548 - 54,781 🔹 Support & Resistance Levels: Support Levels: S1: 54,198 S2: 53,733 S3: 52,493 Resistance Levels: R1: 55,134 R2: 55,603 R3: 56,553 Market Outlook ✅ Bullish Scenario: A sustained move above 54,781 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,134) and beyond. ❌ Bearish Scenario: If the index falls below 54,548, selling pressure may increase, pulling it towards S1 (54,198) and lower levels. Disclaimer: lnkd.in
NSE:BANKNIFTY
by ALICEBLUE
Waaree Energies Technical Analysis with Confirm Targets Detailed chart analysis of Waaree Energies Ltd. based on the Daily Time Frame (1D) Chart as of April 23, 2025 Current Price Movement - LTP (Last Traded Price): ₹2,983.00 - Change: +₹367.10 (+14.03%) — A strong bullish candle with a significant gap-up. - Volume: 19.82M — Strong volume confirmation indicating institutional interest. Resistance / Supply Zones 1. Resistance - 1 (Supply Zone) ₹3,186.00 – ₹3,237.15 This is the nearest resistance zone where the stock may face selling pressure. Previous supply has emerged here, and buyers may take profit. 2. Major Resistance / Supply Zone ₹3,646.40 – ₹3,741.45 This zone marks the previous major highs and is a key resistance area. A breakout above this may indicate a strong continuation of the uptrend. Support / Demand Zones 1. Major Support - 1 (Demand Zone) ₹2,455.20 – ₹2,512.70 This is the most recent breakout zone. If the price corrects, this area may act as a strong support level. 2. Support Zone - 2 - ₹2,294.40 – ₹2,323.30 - Acts as the next layer of support if ₹2,455 fails to hold. 3. Major Support - 2 - ₹2,009.40 – ₹2,075.15 - Long-term support zone, previously tested multiple times, can act as a strong demand zone in case of major correction. Price Structure & Volume - The chart shows a **strong bullish breakout** after forming a **higher low**. - Today's price action indicates a **gap-up opening with heavy buying interest**. - Volume confirms the breakout — higher than average volume during the up move suggests strong conviction. Key Technical Takeaways - Trend Reversal Confirmation: After a prolonged downtrend, price has shown a strong bullish reversal. - Bullish Breakout: Price broke through multiple resistances with volume confirmation. - Watch for Retest: In case of pullback, ₹2,455–₹2,512 zone should be watched for buying interest. Targets - First Target: ₹3,186–₹3,237 - Final Resistance Target: ₹3,646–₹3,741 - If the price fails to sustain above ₹2,983 and closes below ₹2,512 in coming sessions, it might signal a false breakout or correction.
NSE:WAAREEENER
by manojshinde27
Bharti Airtel strong Breakout and New All time High"Why Bharti Airtel Stands Strong in India’s Ever-Changing Telecom Industry" Bharti Airtel Limited is one of India’s largest and most trusted telecommunications companies. It operates in 18 countries across Asia and Africa, providing a wide range of services including Telecommunication Services Sector The telecom sector is the backbone of digital infrastructure, enabling mobile connectivity, internet, and data services for individuals, businesses, and governments. Key Growth Drivers for Sector & Stock : Rising internet and smartphone penetration 5G network rollouts Digital transformation across industries Increasing demand for cloud & enterprise connectivity Growth in OTT, online gaming, and IoT devices Why Bharti Airtel Stands Out Strong market share in both mobile and broadband segments Focused on premium customer base with higher ARPU Aggressively expanding 5G coverage and fiber network Consistent debt reduction and strong cash flows Fast-growing enterprise business and digital services
NSE:BHARTIARTLLong
by manojshinde27
1
ACI - Double Bottom (Bullish)Archean chemical industries is a leading specialty marine chemical manufacturer in India focused on producing and exporting bromine, industrial salt, and sulphate of potash across the world. Archean is the largest exporter of bromine and industrial salt in India and has amongst the lowest cost of production globally in both bromine and industrial salt. Fundamentally sound company with PEG 0.79, ROE, ROCE, ROIC > 15%. Technicals: Price is above 200MA. Double bottom formation after bearish Head & Shoulder. Trendline is about to breakout. Volumes have been steady in daily chart over the last 5D. Both DII, FII institutions have been increasing the stakes steadily in every quarter. 161.8% fib level would be long term target of 1069 which is also pivot R3 in weekly timeframe. Pivot targets are shown on chart. Disclaimer: Educational purpose.
NSE:ACILong
by naraykln
2
XAUUSD ANALYSIS 3 MIN TF ENTRY WITH GOOD R:R**Gold Trade Analysis: Rationale and Strategy** **1. Price Reaction at Identified Zones (1-Hour Timeframe):** - **Historical Significance:** The designated zones have consistently acted as strong support and resistance levels, evidenced by multiple instances of price reversals upon reaching these areas. Such behavior indicates substantial buying or selling interest, making them critical for anticipating future price movements. **2. Anticipated Reversals:** - **Supply and Demand Dynamics:** The expectation of reversals at these zones aligns with the principles of supply and demand. When price approaches a demand zone, increased buying interest often leads to upward movement; conversely, nearing a supply zone typically results in selling pressure and potential downward movement. citeturn0search0 **3. Entry Timeframe (3-Minute to 5-Minute):** - **Precision in Execution:** Utilizing a lower timeframe, such as the 3-minute or 5-minute chart, allows for more precise entry points. This approach enables traders to observe detailed price action and confirm reversal signals within the broader 1-hour zones. **4. Monitoring Price Reaction:** - **Confirmation Signals:** It's crucial to watch for specific price action patterns—such as pin bars, engulfing candles, or bullish/bearish divergences—that confirm the anticipated reaction at these zones before entering a trade. **5. First Take Profit (TP) and Minor Resistance ("Small White Zone"):** - **Interim Resistance Levels:** The "small white zone" represents a minor resistance area where price may hesitate or consolidate. Recognizing this as the first take profit target allows for partial profit-taking and reassessment of market conditions before aiming for further targets. **6. Risk Management:** - **Protective Measures:** Implementing stop-loss orders just beyond the identified zones safeguards against unexpected breakouts or continuations, ensuring that potential losses are minimized. HAPPY TRADING
OANDA:XAUUSD
by TrendTapper
2
GOLD LONG/SHORT POTENTIAL TRADE SETUPS WITH GOOD R:RHigh Volatility & Price Sensitivity Historical price action shows aggressive rejections from these levels, confirming their importance. These zones act as magnetic levels where price either reverses or experiences momentum-based breakouts. Zone Bounce & Breakout Strategies Zone Bounce: Entry is planned when price touches the demand zone for buying or the supply zone for selling, expecting a reversal. Fresh Zone Breakout: If price breaks above a fresh demand zone with volume confirmation, it signals bullish continuation. The opposite applies to supply zones. Entry & Execution (5-Minute Timeframe) The 5-minute timeframe allows precision-based entries with minimal drawdown. Candlestick confirmation, such as pin bars, engulfing patterns, or wicks rejecting the zone, enhances trade validity. Risk Management & Stop-Loss Placement Stop-losses are placed slightly beyond the zone to account for false breakouts. Take-profit targets are set at the nearest structural level or swing high/low for optimal risk-reward management. Happy Trading
OANDA:XAUUSD
by TrendTapper
2