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Supply and Demand

strong REVERSAL but can it SUSTAIN..?As we can see BANKNIFTY showed strong reversal wiping last 3 day losses in a single day but the main question is that will it sustain it higher levels..? Following the ongoing events, the lopsided win of ruling government in Maharashtra can add fuel to fire and hence can result in strong opening but the closing is to be noted hence tomorrows closing is going to be really important to confirm bigger targets so plan your trades accordingly and keep watching.
NSE:BANKNIFTY
by Wealthcam
BankNifty Intraday Support & Resistance Levels for 25.11.2024On Friday, BankNifty opened with a gap-up, hitting a low of 50508.25 during the first 15 minutes and rallying to a high of 51271.50, breaking both the 30m and 75m Supply Zones mentioned earlier. It closed at 51135.40, gaining an impressive 762 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. In the last two sessions, after hitting a low of 49787.10, BankNifty has rallied over 1450 points. However, the Daily Trend (50 SMA) remains negative, and caution is advised at higher levels unless the trend turns positive and sustains. Demand/Support Zones Near Small Demand/Support Zone (15m): 50609.75 - 50824.55 Far Support (61.8% FIBO): 49282.65 Far Demand/Support Zone (Daily): 44633.85 - 45750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 51294.20 - 52493.95 Near Supply/Resistance Zone (75m): 51586.35 - 52169.05 Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 25.11.2024On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. As highlighted in earlier posts, "If it holds the support (23350), we might see some bullish momentum till 23900 - 24250." Nifty delivered on this expectation, hitting the target of 23900. However, with the Daily Trend (50 SMA) still negative, caution is advised at levels above 24000 unless the trend turns positive and sustains. Demand/Support Zones Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support (61.8% FIBO): 23189.88 Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24004.60 - 24336.80 Near Supply/Resistance Zone (75m): 24106.90 - 24242.00 Far Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (75m): 24636.75 - 24741.45
NSE:NIFTY
by PriteshPalan
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
1
Potential swing option for short/mid term holdHINDCOPPER after making ATH of 415.80 have corrected approx 37% from top. Last trading week, stock have created a base at 260 levels showing sideways movement despite there has been huge volatility in Metal sector. Due to continous FII selling and negative market sentiments expecting 260 level to break and creating more panic for retailers. However, as per my views, there should be a bounce back from 243/226 zone for further waves. Now, this bounce shall occur either quickly just hitting levels of the marked box or post few days consolidation within the box attracting institutes to accumulate/add at that point. Personally, I'm looking for an opportunity here for fresh entries at levels within the box for a short/mid term Swing for 20-30% returns with last target of 302/305. This analysis is just based on my personal views as per demand and supply zones for the stock, therefore, this does not guarantee any future results or returns. Not a buy/sell recommendation.
NSE:HINDCOPPERLong
by Jaksh_OM
1
Dabur at Value BuyWeekly Time Frame Dabur Sector FMCG. Price action at strong weekly demand/ support zone. Price yet to make a Lower low as per market structure. RSI is at a Lower Low as per the structure theory. A Hidden Bullish divergence (Positive Reversal) identified on weekly time frame. Highlighted with blue lines on Price chart and RSI chart. Wait for Price swing and structure break above 542. which is previous swing high. This is a long term perspective value pick to portfolio addition. Not a short term swing trade. Dabur is a key rural FMCG player, India growth is due in rural market. Long term pick The post is as part of my stock watchlist and sharing here for educational purpose. Pls do your due diligence before investing.
NSE:DABURLong
by jain_roshan_d
2
TCS FOR SWING TRADETCS Swing Trade Idea Timeframe: Weekly Observation: TCS has entered a strong demand zone on the weekly chart, indicating a potential reversal or continuation of an upward trend. The price action suggests that buyers are actively defending this zone, providing a solid risk-to-reward opportunity. Analysis: Demand Zone: Clearly visible on the weekly timeframe, supported by historical price reactions. Volume Profile: Higher buying volumes observed near the demand zone, adding conviction. Risk-Reward Setup: Place a stop-loss slightly below the demand zone with targets at key resistance levels (based on Fibonacci or previous highs). Disclaimer: This is for educational purposes and not financial advice. Please do your due diligence before trading.
NSE:TCSLong
by Sateesh07
1
BANKNIFTY View Bounce and Break !Hello mates sharing a view on Banknifty on Weekly time frame, So as we can see that after a good correction form all time highs now price reached to weekly support level. NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. I will try my best to update this publication for a bounce or a break too stay tuned. Hope you like my idea, Thanks in advance.
NSE:BANKNIFTY
by MISSION_TRADING
3
Banknifty Intraday Analysis for 22nd November 2024NSE:BANKNIFTY Index closed near 50375 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 23.80 Lakh 51500 Strike – 19.27 Lakh 50500 Strike – 13.29 Lakh Put Writing 49500 Strike – 24.46 Lakh 50000 Strike – 18.32 Lakh 49000 Strike – 14.05 Lakh Index has immediate support near 50000 - 49800 range and if this support is broken then index may tank near 49500 - 49400 range. Index has resistance near 50900 – 51000 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
NSE:BANKNIFTY
by RKMAURYA
Nifty Intraday Analysis for 22nd November 2024NSE:NIFTY Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 63.33 Lakh 23500 Strike – 44.48 Lakh 23800 Strike – 35.67 Lakh Put Writing 23000 Strike – 59.37 Lakh 23500 Strike – 42.24 Lakh 23300 Strike – 37.69 Lakh Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23000 – 22800 range. Index has resistance near 23550 – 23650 range and if index crosses and sustains above this level then may reach near 23800 - 23900 range.
NSE:NIFTY
by RKMAURYA
Finnifty Intraday Analysis for 22nd November 2024NSE:CNXFINANCE Index closed near 23275 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 23300 Strike – 3.26 Lakh 23400 Strike – 3.05 Lakh 23500 Strike – 2.73 Lakh Put Writing 23300 Strike – 3.58 Lakh 23000 Strike – 2.45 Lakh 23100 Strike – 2.20 Lakh Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22800 – 22750 range. Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 22nd November 2024NSE:NIFTY_MID_SELECT Index closed near 12165 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 12300 Strike – 8.70 Lakh 12200 Strike – 8.23 Lakh 12400 Strike – 7.74 Lakh Put Writing 12100 Strike – 8.96 Lakh 12000 Strike – 8.29 Lakh 12150 Strike – 5.61 Lakh Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range. Index has immediate resistance near 12300 - 12350 range and if index crosses and sustains above this level then may reach 12450 – 12500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Nov 25, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BankNifty levels - Nov 25, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty Expiry Support&Resistance Levels for 21 st Nov ThursdayImmediate Support: 23425 to 23350 area: If this support range holds, you are suggesting a possible long trade. The targets for this long position would be: 23500 23550 23600 23670 Voilation of supports and sustains below 23200 and 23k targets will open up. Immediate Resistance: 23670 area: This level is critical. You are considering two possibilities here: Rejection at 23670: If price reverses from this level, it could be an opportunity to short the market. Breakout above 23670: A breakout would signal a potential long trade, with targets extending up to the next resistance range of 23750 to 23800,23850. Expected Range for the Week: 450-point range: Expecting Nifty to trade within a range of approximately 450 points unless geopolitical tensions (like the Russia-Ukraine conflict) cause significant market disruption. This is a well-structured approach with clear levels for both support and resistance, and it effectively accounts for both technical signals and geopolitical risks. Keeping an eye on these levels should help in managing trades this week.
NSE:NIFTY
by rakeshreddym
4
ABCAPITAL Trading Above Fresh Weekly Demand ZoneABCAPITAL is currently trading at ₹183.01, above its demand zone between ₹178.4 and ₹174.55, established on 5th April 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price pulls back to this range. Investors may monitor for a potential entry opportunity near this support level. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:ABCAPITALLong
by rush12799
2
HSCL Trading Above Fresh Weekly Demand ZoneHSCL is currently trading at ₹481.15, slightly above its demand zone between ₹475.4 and ₹441.1, identified on 23rd August 2024. This fresh zone has not been tested, suggesting potential buying interest if the stock revisits this range. Investors may watch for a pullback to these levels, which could present a buying opportunity with strong support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:HSCLLong
by rush12799
JWL Trading Above Fresh Weekly Demand ZoneJWL is currently trading at ₹426.8, slightly above its demand zone between ₹425 and ₹396.85, established on 11th May 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price revisits this range. Investors may consider monitoring for a pullback, which could provide a buying opportunity near this support level. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:JWLLong
by rush12799