Part 2 How to Draw Accurate Support and Resistance LevelsParticipants in Option Trading
There are four primary participants in the options market:
Buyer of Call Option (Long Call) – Expects the price to rise.
Seller of Call Option (Short Call) – Expects the price to fall or remain flat.
Buyer of Put Option (Long Put) – Expects the price to fall.
Seller of Put Option (Short Put) – Expects the price to rise or remain flat.
Each participant has a specific risk-reward profile. Option buyers have limited risk (the premium paid) and unlimited profit potential. Option sellers, on the other hand, have limited profit (premium received) but potentially unlimited risk.
Support
Support Breakdown in BAJFINANCEBajaj Finserv broke key support, triggering a sharp 2% drop and bearish momentum. This led to a strong move in Bajaj Finance PUT options, which surged 15%, reflecting aggressive downside hedging and trading interest. Watch for further volatility and trading opportunities following this breakdown
Inverse head and shoulder formed in reddington1. Inverse head and shoulder formation on Support levels showing buyers will take control from here
2. With minimum downside one can watch for long upside movement shown as target zone on charts
3. The strong movement has shown after result which tells us if movement continues then target may come soon
4. SL is strict as if move fails then not giving chance to get trapped
Support Breakdown in ICICIBANKThe breakdown of a key support level typically signals that sellers have gained control over the stock, which often leads to further declines.
The chart shows ICICI Bank's daily price slipping below strong support, which traders watch carefully to time short or protective put option trades.
Buying puts here benefits from the falling stock price causing put premiums to rise.
The suggested profit targets and stop-loss levels are based on technical price levels derived from the previous support turned resistance and the magnitude of the breakdown move.
This trade idea is best suited for traders comfortable with short-term bearish plays using direct short selling or options strategies that capitalize on falling prices.
SUI – Swing Trade Setup from Key Support ZoneSUI is currently trading in a major support zone between $2.70 and $3.00, a level that has previously acted as a strong demand area. The price is consolidating here, and this could offer a high-probability long opportunity for swing traders watching for a potential bounce.
📈 Entry Zone: $2.70 – $3.00
🎯 Take Profit Targets:
• TP1: $3.60 – $3.95
• TP2: $4.50 – $5.45
🛑 Stop Loss: $2.40
ALGO Swing Trade Setup — Support Bounce OpportunityWe see a strong support zone forming around $0.186 – $0.195, which has been tested multiple times in the past. This area is acting as a potential springboard for a bullish reversal.
If price respects this zone, we may see momentum carry ALGO upward toward key resistance areas.
Entry Zone: $0.186 – $0.195
Target 1: $0.225 – $0.26
Target 2: $0.285 – $0.33
Stop Loss: Just below $0.18, invalidating the setup if price breaks lower
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Support in KERNEX
BUY TODAY SELL TOMORROW for 5%
Part 2 Support and Resistance Why Traders Use Options
Options are versatile instruments. Traders use them for:
Speculation – Betting on price movement to earn profits.
Hedging – Protecting existing investments from adverse price moves.
Income Generation – Selling options (writing) to earn the premium.
For example:
A trader may buy a call option expecting prices to rise.
A portfolio manager may buy put options to protect their stocks from falling prices.
An experienced investor may sell covered calls to earn regular income.
Multi-Timeframe Observation: BSE Ltd• The image above presents a multi-timeframe view of BSE Ltd (NSE), with the left side displaying the Weekly Timeframe (WTF) chart and the right side showing the Daily Timeframe (DTF) chart. The weekly chart highlights the main demand and supply zones, with large upward moves originating from demand and visible percentage swings marked for clarity.
• A key observation is the Change of Trend (CT) line. On the weekly chart (left), price action repeatedly challenged but never closed above the CT, indicating resistance at this structural level. This is confirmed on the daily chart (right), where each significant upward move into the CT region is marked by red boxes—showing failed attempts to sustain above the CT and repeated rejections.
• The green box on the daily chart points to a recent bounce from demand, but the price still faces resistance at the CT as per the weekly structure. Consistent volume activity and price response across both timeframes offer a crystal clear illustration of trend dynamics and supply-demand interplay. The post is strictly an analytical observation of price structure, not a prediction or recommendation.
Disclaimer
This post is intended for observational and educational purposes only. It does not constitute financial advice or recommend any trading action. Please consult a certified financial advisor and conduct your own research before making investment decisions.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Support Breakout in BLACKBUCK
BUY TODAY SELL TOMORROW for 5%
LINKUSD – Waiting for Pullback to Support Before Long EntryLINK was recently rejected at resistance, and we’re now watching for a pullback to confirm support before entering a long spot trade.
🔸 Trade Setup
We are targeting a long spot entry around $21.00 – $21.50, which aligns with prior structure and potential buyer interest. This zone could provide a strong foundation for a rebound if confirmed with price action or volume.
🔸 Targets & Risk Management
Take Profit 1: $27.00 – $31.00
Take Profit 2: $38.00 – $43.00
Stop Loss: Below $19.50
A clean bounce off support with a bullish structure would trigger the setup. Waiting for confirmation is key. As always, manage risk carefully.
Cardano (ADA) – Bulls Regain Control, Eyes on $0.90 BreakoutCardano had a strong week, managing to hold above key support at $0.77 and closing with a bullish weekly candle. This price action signals a shift in momentum, with buyers back in control.
However, ADA now faces a critical test: the $0.90 resistance level. So far, bullish momentum hasn't been strong enough to force a breakout, but with the broader market showing strength, this level may not hold for long.
A confirmed breakout above $0.90 would be significant, opening the path for a potential move above $1 — a level not seen since mid-2022.
Looking forward, October has started with a strong bullish tone across the crypto market. If this continues, Cardano could be positioned for a fresh rally, provided bulls can take out the $0.90 resistance.
📌 Key Levels to Watch:
Support: $0.77
Resistance: $0.90
Target if breakout confirms: $1+
🟢 Bias: Bullish above $0.77
🔴 Risk: Failure at $0.90 could lead to a retest of support
XRP Breaks Above $3 – Bullish Momentum BuildsOverview:
XRP has officially closed the week above the $3 mark, a psychological resistance now turning into support. This is a major technical shift suggesting renewed bullish control.
🔑 Key Levels to Watch:
Support: $3.00
Short-Term Target: $3.20
Major Resistance / Magnet: $3.60 (All-Time High)
📊 Market Structure:
XRP appears to be breaking out of a consolidation zone between $2.70 and $3.00. This range held for several weeks, and a clean breakout could fuel a strong continuation toward previous highs.
🐂 Bullish Scenario:
Continued higher highs with volume could open the path to $3.20 and eventually $3.60.
A successful retest of the $3 level as support would further validate the breakout.
⚠️ Risk Note:
Watch for any fakeouts or low-volume rallies. A drop below $3 would negate the breakout and put the $2.70 support back in play.
📅 Outlook:
With Q4 2025 underway, a rally toward the ATH at $3.60 could be driven by both technical momentum and market sentiment.
💬 What’s your take? Are we heading for a new ATH this quarter?
📌 #XRP #Crypto #Altcoins #Breakout #TechnicalAnalysis #Q4Outlook
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Support in LUMAXIND
BUY TODAY SELL TOMORROW for 5%
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Support in DENORA
BUY TODAY SELL TOMORROW for 5%
At Support - Weekly Chart - TECHM📊 Script: TECHM
📊 Industry: IT - Software (Computers - Software & Consulting)
Key highlights: 💡⚡
📈On Weekly Chart Script is forming symmetrical triangle and trading near support line.
📈 Script is trading at upper band of BB.
📈 MACD and Double Moving Averages are giving Crossover
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1547
🟢 Target 🎯🏆 - 1612 / 1655
⚠️ Stoploss ☠️🚫 - 1499
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅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 trading. Cheers!🥂
Market Sentiment: Optimism for Euro – But Here’s My Plan According to last CME report, there’s clear bullish sentiment across major currencies trading against the US dollar.
We’re seeing naked calls placed at multiple levels above current prices:
1.38 on GBP
1.295 on CHF
In other words: options traders are pricing in further USD weakness.
This aligns with earlier signals:
1.The JPY 'Butterfly' (still active)
2. The EUR 'Ratio spread' — also still in play
So what’s my move today?
✅ First: I exited all positions this morning.
No overexposure ahead of the Fed decision.
🎯 Now: I’m watching for long entries near the ER zone (see chart).
Notably, just below ER low boundary - put at 1.185 (act as support), which appeared in the report.
The option is worth ~$900K — not huge, but significant enough to catch my eye.
I’ll watch closely — and only enter if price respects it.
EMA vs SMA vs WMA: Which Moving Average Should You Use?🔎 Intro / Overview
Moving Averages remain one of the most trusted tools in technical analysis. They smooth price action, highlight the trend, and often act as dynamic support or resistance.
In this post, we compare the 20-period SMA, EMA, and WMA on BTCUSD 4H to show how each reacts differently to market moves.
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📔 Concept
SMA (Simple Moving Average): Every candle in the lookback is weighted equally → smooth but slower to react.
EMA (Exponential Moving Average): Recent candles carry more weight → reacts faster, hugs price closely.
WMA (Weighted Moving Average): Linear weighting → a balance between SMA’s stability and EMA’s sensitivity.
The difference lies in responsiveness. Faster averages react early but risk false signals, slower averages confirm trends but lag.
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📌 How to Use
1️⃣ Plot the 20-period SMA, EMA, and WMA together.
2️⃣ Watch how each responds during pullbacks, rallies, and consolidations.
3️⃣ Use EMA for quicker signals, SMA for smoother long-term view, and WMA if you prefer a middle ground.
4️⃣ Combine with price action or RSI to avoid relying on moving averages alone.
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🎯 Trading Plan
Intraday traders: EMA crossovers (e.g., 9 vs 21 EMA) for faster entries and exits.
Swing traders: SMA for identifying trend direction and major support/resistance.
Balanced traders: WMA for medium-term setups where stability and responsiveness matter equally.
Always align the moving average with your trading style and risk appetite.
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📊 Chart Explanation
On BTCUSD 4H:
EMA (red) bent upward first during the $114k breakout, SMA (blue) confirmed later, and WMA (green) sat between them.
At the $115k retest, EMA dipped first, while SMA lagged.
At $116.5–117k resistance, EMA whipsawed but SMA stayed smoother.
Notice how these differences become clear during sharp pullbacks, quick rallies, and sideways ranges.
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👀 Observation
EMA is quick but noisy ⚡, SMA is calm but late 🕰️, WMA strikes a middle ground ⚖️.
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❗ Why It Matters?
Choosing the right moving average impacts how quickly you spot entries, confirm trends, and manage stop-losses. Understanding the differences helps traders adapt strategies to both trending and sideways markets.
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🎯 Conclusion
No single moving average is “best.” Each serves a purpose depending on the timeframe and style of trading. The key is consistency — choose one that aligns with your plan, test it, and apply it with discipline.
👉 Which one do you prefer in your trading — EMA, SMA, or WMA?
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⚠️ Disclaimer
📘 For educational purposes only ·
🙅 Not SEBI registered ·
❌ Not a buy/sell recommendation ·
🧠 Purely a learning resource ·
📊 Not Financial Advice






















