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Resistence

HCC - Breakout from DTFHCC has resistance weakening on the Daily charts and has given a breakout with good volume. The target of this pattern signals an upside potential of 17% from the current price level in the medium term. The stock is trading above its 50- and 100-day exponential moving averages (EMAs). The range is more than 1.5X, and the Volume is also 1.5X the average. CMP- Rs. 30 Target Price- Rs35 ( 17% upside) SL - 27.5 Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:HCCLong
by ashutoshanand30
#SBILIFE – Weekly Timeframe Reversal in Play!📊 Script: SBILIFE Key highlights: 💡⚡ 📈 Double Bottom Formation in Weekly Time Frame. 📈 Price consolidation near Resistance in Daily Time Frame. 📈 Can Enter Breakout on if price sustains with volume. 📈 One can go for Swing Trade. BUY ONLY ABOVE 1600 DCB ⏱️ C.M.P 📑💰- 1545 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ️⚠️ Important: Market conditions are not great, Position size 25% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with MMT. Cheers!🥂
NSE:SBILIFELong
by MMT_MakeMoneyTrading
Aurobindo Pharma - Long Trade SetupHello, Auropharma near the resistance level of 1275 . You can enter long when price is crossed above 1275. *Confirmation of Trend Strength: A breakout above resistance indicates strong upward momentum and confirms the existing uptrend. This increases the likelihood of further price appreciation. * Reduced Risk: Trading with the trend minimizes the risk of opposing a large number of market participants who are also betting on the continuation of the uptrend. * Momentum: Breakouts often trigger a surge in buying pressure as traders rush to capitalize on the upward move, further propelling prices higher. * Clear Entry Signal: The breakout provides a well-defined entry point, allowing traders to enter the market with precision and confidence.
NSE:AUROPHARMALong
by piyushbafna000
Aurobindo Pharma - Long Trade SetupHello, Auropharma near the resistance level of 1275 . You can enter long when price is crossed above 1275. *Confirmation of Trend Strength: A breakout above resistance indicates strong upward momentum and confirms the existing uptrend. This increases the likelihood of further price appreciation. * Reduced Risk: Trading with the trend minimizes the risk of opposing a large number of market participants who are also betting on the continuation of the uptrend. * Momentum: Breakouts often trigger a surge in buying pressure as traders rush to capitalize on the upward move, further propelling prices higher. * Clear Entry Signal: The breakout provides a well-defined entry point, allowing traders to enter the market with precision and confidence.
NSE:AUROPHARMALong
by piyushbafna000
INFY BREAKOUT ON Daily TF and Weekly TFInfosys (INFY) has been in a prolonged phase of consolidation, repeatedly testing a well-established resistance level over time. Despite multiple attempts, the stock consistently retracted from this level without delivering a decisive breakout. However, INFY has now closed convincingly above this resistance on both the Daily and Weekly time frames. This breakout suggests a strong potential for an imminent upside, supported by technical confirmation. This setup presents a favorable risk-reward trade opportunity, with minimal risk due to the narrow stop-loss range. For investors with a long-term perspective, INFY also offers the possibility of substantial gains, even without relying on a stop-loss strategy. The breakout marks a critical juncture, highlighting its potential for sustained bullish momentum.
NSE:INFYLong
by AlphaTradesTM
AVALON TECHNOLOGIES - In a Range, Either side trade can be takenAvalon technologies is in a range of 654 and 530 The stock is trading in a range between 654 and 530. Once it moves out of that range, either up or down, it's very likely that the stock will continue moving for a while in that direction. Volume will be important, as always, so watch it.(please be aware and also just give a glance to the volume when 654 or 530 range is broken) Please like, boost, and support for more motivation to help others!
NSE:AVALON
by piyushbafna000
How to Draw Support and Resistance Like a Pro! Support and Resistance are one of the most important aspects of technical analysis but often I see traders doing it wrongly. How to Draw Support and Resistance: Imagine you have a chart filled with SR like the one below. Do you know which levels to pay attention to? When you’re about to start, how to plot support and resistance lines? It’s filled with nothing but lines and it doesn’t seem to make much meaning of the chart at all. nah My approach to drawing Support and Resistance uses either 1 line or 2 lines. It is much cleaner and immediately tells you which area of the chart to pay attention to. I use a single line when price respect a level almost to the pip and i use 2 lines when price bounces off an area. I highlight only the key Support and Resistance of a chart meaning the obvious swing highs and lows. The intermediate SR i will not draw any lines so as to maintain my focus on the key areas. Besides, with enough screen time you can easily identify those intermediate Support and Resistance without any lines. real world… You must keep in mind of the R.S.M. formula. These three things stands for: Reaction Setup Management Now take notes because this is important… Reaction Here’s the truth: Drawing support and resistance lines aren’t the holy grail.
NSE:BANKNIFTYEducation
by EmpireCrown
Trident Ltd Bullish Setup | Key Support Zones in Play Trident Ltd is showing signs of a potential reversal from key support zones. The price is holding within a strong support range . Support 1: ~35-36 Support 2: ~32-33 Target: ~41 Immediate resistance is seen around 41, which could act as a potential target area . However, if the price breaks below both support zones, this bullish view will be invalidated. Disclaimer: This is not financial advice. I am not SEBI registered, and this is not a buy or sell recommendation. Always do your own research.
NSE:TRIDENTLong
by Pattern_Ninja
1
#BANKNIFTY - 20TH SEPTEMBER Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: - Definition: [i ] A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators : Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior : When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance : - Definition : A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators : Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance : - Trade Decisions : Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology : Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
1
RBLBANK // Levels // 4H"Welcome to SkyTradingZone " Hello Everyone 👋 RBL Bank's support and resistance levels are crucial for investors and traders. Here are the key levels to watch: - Support Levels: - S3: 210.98 - S2: 212.25 - S1: 214.26 - Pivot: 215.53 ¹ - Resistance Levels: - R1: 217.54 - R2: 218.81 - R3: 220.82 ¹ Additionally, the Relative Strength Index (RSI) is at 45.17, indicating a neutral trend ¹. The Stochastic RSI is at 0.64, suggesting an uptrend, while the Commodity Channel Index (CCI) is at -54.12, indicating a downtrend ¹. It's essential to note that these levels are based on the price range of the previous trading day and may change as market conditions evolve. For the most up-to-date information, consider checking reputable financial sources like ET Money and T.
NSE:RBLBANKLong
by SkyTradingZone
HDFCBANK // Levels // 1 hour "Welcome to SkyTradingZone " Hello Everyone 👋 Technical analysis can help identify potentially favorable conditions for a transaction. It can be used to spot trends in an asset's price over a set period of time. Here's some other information about HDFC Bank: Support and resistance According to Invest tech , HDFC Bank has support at 1600 rupees and resistance at 1727 rupees. Resistance Levels: R1: ₹1,670.00 R2: ₹1,690.00 R3: ₹1,710.00 Support Levels: S1: ₹1,650.00 S2: ₹1,630.00 S3: ₹1,610.00
NSE:HDFCBANKLong
by SkyTradingZone