Get started

Resistances

Banknifty 1 hour Levels (S/R)# we mark Support and Resistance on the charts so you can check.. To analyze Bank Nifty (a major stock market index in India) on an hourly basis, you typically look at various technical levels to guide trading decisions. Here’s a basic approach for determining these levels: Support and Resistance Levels: Support: This is where the price tends to find buying interest and bounce upward. To find this, look for recent lows or areas where the price has previously stopped falling and reversed. Resistance: This is where the price tends to find selling pressure and reverse downward. Identify recent highs or areas where the price has stalled and reversed.
NSE:BANKNIFTYLong
by EmpireCrown
MGL : Best Bearish setup : Long term Resistance zone Alert! Bearish Pattern Spotted! 🐻 📊 Pattern: Broadening Triangle Pattern 📌 Symbol/Asset: MGL 🔍 Description: Stock is around long term resistance zone. and on a smaller timeframe stock is on the resistance of broadening triangle pattern. One can take short position from here. This is the best short trade setup for now !! 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE:MGLShort
by FiveCircles
2
neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs 1. a long term 600%+ rise - bull 2. 51 % correction from top - bear 3. classic bull divergence between rsi and price - bull 4. minor hidden bearish divergence between rsi and price 5. a down flag/pennant consolidation 6. RSI is in downtrend the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
NSE:VEDL
by PraffulAgarwal
1
Banknifty 24-Feb-2023 intraday Trade analysisBanknifty- Volatile day, profit booking happened today. 39500 is weekly support. If hold here the next it can break 39500. Flat Opening - 40200 = Hourly resistance, if it breaks then it can continue upmove but will face multiple resistance. Momentum could be slow. Gap up - 40500=Resistance, it can go up to there and then if any -ve price action formed, will sell it. If not big gap up will buy on pullback only. Gap down - Downtrend cont. but due to cont. move it may be slow, 39500=target if goes down will sell it. Buy if price action forms.
NSE:BANKNIFTYLong
by iPrashantStock
HINDALCO: Make or BreakHINDALCO is knocking very important levels. It's a make-or-break situation for the stock as it deals with the immediate resistance zone of (413-416). This zone has been proven support before, and recently we have seen a high-volume retest of these levels, which means supply is slowly getting tested and hopefully exhausted. Volume profile too clearly suggests that this (413-416) is a strong range of resistance. Technical pattern-wise, we can observe a “Cup and Handle” kind of behaviour which can lead to a breakout. But it is not going to be easy, and if we get the BIG breakout above 416, it’ll have to sustain and show resilience towards the next levels of 430 and 450. On the flip side, a close below the psychological 400 level completely negates this possibility. Trade Well.
NSE:HINDALCO1!
by Abhijit_Paul