Support
Learn ADX Key takeaways. Average directional index (ADX) is a short-term chart indicator. It can be used to help you evaluate the market or an investment's strength. ADX currently suggests the short-term momentum behind stocks may be strong, with a caveat
The ADX is widely used and is considered by many traders to be very reliable as a gauge of trend strength. Traders can easily alter the time period to meet their needs.
how to drow support and resistance Open a price chart. The first step is to identify the instrument you want to analyze. ...
Find the significant highs and lows. Look for the significant turning points or swing highs and lows. ...
Draw the support and resistance lines. ...
Check for validity.
To identify S&R, place a horizontal line to connect at least three price action zones, well-spaced in time. The more price action zones (well spaced in time) the horizontal line associates, the stronger is S&R. S&R can be used to identify targets for the trade.
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technical analysisTechnical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
Chart Patterns: Chart patterns involve analysing graphical representations of stock prices over time. ...
Technical Indicators: Technical indicators are mathematical calculations based on price, volume, or open interest data.
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TCS Support & Resistance
As of December 30, 2024, Tata Consultancy Services Limited (TCS) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹4,156.05
Short-Term Support: ₹4,168.41
Medium-Term Support: ₹4,131.00
Long-Term Support: ₹4,114.00
Resistance Levels:
Immediate Resistance: ₹4,189.75
Short-Term Resistance: ₹4,189.82
Medium-Term Resistance: ₹4,198.00
Long-Term Resistance: ₹4,215.00
These levels are derived from recent market data and technical analysis.
Traders and investors should monitor these levels closely, as they can provide insights into potential entry and exit points. However, market conditions can change rapidly, so it's advisable to conduct further analysis or consult with a financial advisor before making investment decisions.
AXISBANK Support resistance As of December 30, 2024, Axis Bank Limited (AXISBANK) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹1,071.60
Short-Term Support: ₹1,076.81
Medium-Term Support: ₹1,063.00
Long-Term Support: ₹1,070.00
Resistance Levels:
Immediate Resistance: ₹1,081.85
Short-Term Resistance: ₹1,084.00
Medium-Term Resistance: ₹1,090.00
Long-Term Resistance: ₹1,094.00
These levels are derived from recent market data and technical analysis.
Traders and investors should monitor these levels closely, as they can provide insights into potential entry and exit points. However, market conditions can change rapidly, so it's advisable to conduct further analysis or consult with a financial advisor before making investment decisions.
TATAMOTORS Support & Resistance As of December 30, 2024, Tata Motors Limited (TATAMOTORS) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹748.10
Short-Term Support: ₹734.73
Medium-Term Support: ₹723.18
Long-Term Support: ₹600.00
Resistance Levels:
Immediate Resistance: ₹769.25
Short-Term Resistance: ₹772.84
Medium-Term Resistance: ₹772.33
Long-Term Resistance: ₹900.00
These levels are derived from recent market data and technical analysis.
CIPLA Looking good today As of December 30, 2024, Cipla Limited (CIPLA) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹1,478.40
Short-Term Support: ₹1,484.19
Medium-Term Support: ₹1,479.40
Long-Term Support: ₹1,461.00
Resistance Levels:
Immediate Resistance: ₹1,507.10
Short-Term Resistance: ₹1,518.00
Medium-Term Resistance: ₹1,530.00
Long-Term Resistance: ₹1,547.00
These levels are derived from recent market data and technical analysis.
It's important to note that the stock has support at ₹1,500 and resistance at ₹1,680.
BAJFINANCE Support & ResistanceAs of December 30, 2024, Bajaj Finance Limited (BAJFINANCE) is exhibiting the following technical levels:
Support Levels:
Immediate Support: ₹6,800.85
Short-Term Support: ₹6,833
Medium-Term Support: ₹6,759
Long-Term Support: ₹6,687
Resistance Levels:
Immediate Resistance: ₹6,921.80
Short-Term Resistance: ₹6,980
Medium-Term Resistance: ₹7,051
Long-Term Resistance: ₹7,126
These levels are derived from recent market data and technical analysis.
Pre Market analysis for 30/12/2024
Pre Market analysis for 30/12/2024
#NIFTYBANK
If market opens flat and breaks 51400 level, will plan for buying for target 51600 level.
If market opens gap down, and breaks 51250 will plan for selling for target 51000.
Wait for 15min candle close below level.
If market opens gap up, and sustains above 51400 level, then plan for buying for target 51600.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
GLENMARK Stock has given strong breakout
#GLENMARK
Stock has given strong breakout from resistance level in daily time frame and closed above it.
If stock sustains above resistance level, can expect good
momentum in coming days.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Biocon Ltd view for Intraday 30th Dec #BIOCON
Biocon Ltd view for Intraday 30th Dec #BIOCON
Resistance 335 Watching above 335 for upside movement...
Support area 325 Below 330 ignoring upside momentum for intraday
Support 325 Watching below 325 or downside movement...
Resistance area 335
Above 330 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
There are far too many fake breakouts that can leave traders trapped in a bad trade position. The ADX helps validate breakouts. That is, when the price breaks out with an ADX reading of above 25, it implies that momentum in the new direction can be sustained.
Option chainAn option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is th
e price at which you can buy (call) or sell (put) the stock.
Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date.
option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
INDUSINDBK Support and Resistance As of December 29, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹953.40 on the National Stock Exchange (NSE), marking a 2.30% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹943.23
Immediate Resistance: ₹981.28
Short-term Support: ₹939.16
Short-term Resistance: ₹973.93
Medium-term Support: ₹925–908
Medium-term Resistance: ₹942–959
These levels suggest that if the stock price declines, it may find support around ₹943, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹981, which could impede further gains.
Additionally, the Relative Strength Index (RSI) is at 49.395, indicating neutral momentum.
Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
BAJFINANCE Levels As of December 29, 2024, Bajaj Finance Limited (BAJFINANCE) closed at ₹6,910.10 on the National Stock Exchange (NSE), marking a 1.37% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹6,869.08
Immediate Resistance: ₹7,015.38
Short-term Support: ₹6,849.33
Short-term Resistance: ₹6,933.52
Medium-term Resistance: ₹7,000
These levels suggest that if the stock price declines, it may find support around ₹6,869, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹7,015, which could impede further gains.
Additionally, the Relative Strength Index (RSI) is at 49.395, indicating neutral momentum.
Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
Sensex support and resistance As of December 29, 2024, the S&P BSE Index closed at 78,699.07, reflecting a 0.29% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: 78,517
Immediate Resistance: 78,962
Short-term Support: 78,336
Short-term Resistance: 79,225
Medium-term Support: 78,073
Medium-term Resistance: 79,407
These levels suggest that if the index declines, it may find support around 78,517, potentially preventing further decreases. Conversely, if the index rises, it may encounter resistance near 78,962, which could impede further gains.
Additionally, the Relative Strength Index (RSI) is at 49.395, indicating a neutral momentum.
Please note that market conditions can change rapidly. For the most current information, it's advisable to consult real-time data sources or financial advisors.
NIFTY 50 index levels As of December 29, 2024, the NIFTY 50 index closed at 23,813.40, reflecting a 0.27% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: 23,807
Immediate Resistance: 23,945.25
Short-term Support: 23,726.44
Short-term Resistance: 24,288.03
Medium-term Support: 23,500–23,640
Medium-term Resistance: 24,150
These levels suggest that if the index declines, it may find support around 23,807, potentially preventing further decreases. Conversely, if the index rises, it may encounter resistance near 23,945, which could impede further gains.
Please note that market conditions can change rapidly. For the most current information, it's advisable to consult real-time data sources or financial advisors.
RELIANCE support and resistance As of December 29, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05 on the National Stock Exchange (NSE), marking a 0.37% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹1,219.03
Immediate Resistance: ₹1,229.93
Short-term Support: ₹1,217.59
Short-term Resistance: ₹1,265.37
Medium-term Support: ₹1,114
Medium-term Resistance: ₹1,390
These levels suggest that if the stock price declines, it may find support around ₹1,219, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹1,229, which could impede further gains.
Additionally, the Relative Strength Index (RSI) is at 42, indicating a neutral momentum.
Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
TATACONSUM levels As of December 29, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹907.95 on the National Stock Exchange (NSE), reflecting a 0.78% increase from the previous close.
Technical analysis indicates the following support and resistance levels:
Immediate Support: ₹902.05
Immediate Resistance: ₹918.20
Short-term Support: ₹903.19
Short-term Resistance: ₹930.55
Medium-term Support: ₹874
Medium-term Resistance: ₹1,060
These levels suggest that if the stock price declines, it may find support around ₹902, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹918, which could impede further gains.