Today's Important Zones For Banknifty.
One can plan a trade at that zone on selling after rejection of resistance zone or breakout of resistance zone.
For buying it need to bounce at support zone or breakdown of support zone with decent volume support.
Only for educational purposes. Not any recommendations for trading.
Birla Cable is showing strength with closing above important hurdle 162.
176 was Panic Sell Level which act as resistance, but If it will break and close above it for at least 3 days then it will become support for Birla Cable, And It may test 250 plus levels as per current triangle pattern target.
We will watch for Risk management 145 Level as Stop Loss.
Power Grid Corp has broken out of its ATH on beautiful volume at an increasing rate with two big green candles and has now pulled back on decreasing volume which shows that there is less selling and more buying in the stock. This is an opportunity to buy into the trend as the stock is in a clear uptrend and looks bullish.
This is a riskier trade and hence I would...
stock give resistance level breakout
also support with down trend line
you can see a kind of triangle formation on daily chart in stock
looking good for swing trade here
also book value is 152 and stock running at 41 now
it also expected to give good quarter result
Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in...
VOLUME : The transaction volume on Polygon’s reached 14,780.
The decline in activity on the Polygon protocol could impact MATIC as well. At press time, however, Polygon’s usage and MATIC’s price were not directly co-related.
RESISTANCE LEVEL : The resistance level of $1.056 on 26 April, MATIC’s price fell by 19.43%.
MATIC was trading at $0.851. Its RSI had...
Balrampur Chini has multiple resistances @ 404 - 410 on hourly chart and expected to show a fall towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to...