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.
Support
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.
HDFC Bank Limited's stockAs of December 29, 2024, HDFC Bank Limited's stock (HDFCBANK) closed at ₹1,797.85 on the National Stock Exchange (NSE), marking a 0.34% increase from the previous close.
MARKETWATCH
The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,790.97
S2: ₹1,781.00
S3: ₹1,773.00
Resistance Levels:
R1: ₹1,806.00
R2: ₹1,815.00
R3: ₹1,823.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
EQUITY PANDIT
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 50% (Neutral)
Price/Sales Ratio: 6.43
Price/Book Ratio: 1.98
These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions.
YAHOO FINANCE
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
AXISBANK Support and ResistanceAs of December 29, 2024, Axis Bank Limited's stock (AXISBANK) closed at ₹1,077.50 on the National Stock Exchange (NSE), marking a slight increase of 0.06% from the previous close.
MARKETWATCH
The stock remains below its 52-week high of ₹1,339.55, reached on July 12, 2024.
MARKETWATCH
For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: ₹1,071.60
S2: ₹1,070.00
S3: ₹1,063.00
Resistance Levels:
R1: ₹1,084.65
R2: ₹1,090.00
R3: ₹1,094.00
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
BANKNIFTY levelAs of December 29, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,311.30, reflecting an increase of 140.60 points (0.27%) from the previous close.
INVESTING
For the upcoming trading session, key support and resistance levels have been identified based on recent price movements:
Support Levels:
S1: 51,158.12
S2: 51,004.93
S3: 50,769.77
Resistance Levels:
R1: 51,546.47
R2: 51,781.63
R3: 51,934.82
These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market.
TOP STOCK RESEARCH
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 48.517 (Neutral)
Moving Average Convergence Divergence (MACD): -43.34 (Sell)
Average Directional Index (ADX): 21.376 (Buy)
These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend.
MONEYCONTROL
Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions.
Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
MACD in trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.
Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
Database trading The United Nations Commodity Trade Statistics Database (UN Comtrade) contains detailed imports and exports statistics reported by statistical authorities of close to 200 countries or areas. It concerns annual trade data from 1962 to the most recent year.
SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies.
Technical and option trading Imagine you are trading futures. You agree to buy or sell an asset at a specified price in the future. Options, on the other hand, grant you the right (but not the obligation) to buy or sell an asset at a certain price in the future. Leverage allows you to engage in these markets with less initial capital.
Relative Strength Index (RSI)
Bollinger Bands.
Intraday Momentum Index (IMI)
Money Flow Index (MFI)
Put-Call Ratio (PCR) Indicator.
Open Interest (OI)
FAQs.
The Bottom Line.
Option trading 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.
You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
Learn technical trading Open a demat account. ...
Understand stock quotes. ...
Bids and asks. ...
Fundamental and technical knowledge of stock. ...
Learn to stop the loss. ...
Ask an expert. ...
Start with safer stocks.
Start by reading foundational books and taking reputable courses to build a solid theoretical understanding of technical analysis, Set realistic goals, maintain emotional discipline, and continually refine strategies through learning and practical experience.
Relative Strength Index (RSI) IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal.
Helps identify trend direction: RSI can help traders identify the direction of the trend. If the RSI is above 50, it indicates a bullish trend, while a reading below 50 indicates a bearish trend. By identifying the trend direction, traders can make better decisions on whether to buy or sell.
Option chain Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset.
NSE's online Real time Data Feed. NSE's real time data is provided in various levels (level 1, level 2, level 3 and tick by tick) across segments such as Capital Market, Futures & Options, Currency Derivative and Wholesale Debt Market.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
RELIANCE Levels 1 DayAs of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹1,219.03
S2: ₹1,217.59
S3: ₹1,205.17
Resistance Levels:
R1: ₹1,229.93
R2: ₹1,232.88
R3: ₹1,237.87
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
MUNAFASUTRA
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹1,222.60
S2: ₹1,211.65
S3: ₹1,202.25
Resistance Levels:
R1: ₹1,232.00
R2: ₹1,242.95
R3: ₹1,252.35
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 27 (indicating potential oversold conditions)
Moving Averages:
5-Day Average: ₹1,217.59
20-Day Average: ₹1,265.37
50-Day Average: ₹1,477.68
These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
Sensex Support & Resistance As of December 28, 2024, the S&P BSE Sensex closed at 78,723.97, marking an increase of 251.49 points (0.32%) from the previous close.
INVESTING
For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis:
Resistance Levels:
R1: 78,851.64
R2: 78,919.22
R3: 78,969.83
Support Levels:
S1: 78,733.45
S2: 78,682.84
S3: 78,615.26
These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
Additionally, technical indicators provide further insights:
Relative Strength Index (RSI): 49.395 (Neutral)
Stochastic Oscillator (STOCH): 99.69 (Overbought)
Moving Averages:
MA5: 78,798.58 (Simple), 78,765.87 (Exponential)
MA10: 78,720.44 (Simple), 78,742.36 (Exponential)
MA20: 78,665.66 (Simple), 78,709.36 (Exponential)
MA50: 79,003.86 (Simple), 79,157.16 (Exponential)
These indicators suggest a neutral to slightly bullish trend in the short term.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
Cipla levelsSome info about Cipla
Limited is an Indian multinational pharmaceutical company headquartered in Mumbai. Cipla primarily focuses on developing medication to treat respiratory disease, cardiovascular disease, arthritis, diabetes, depression, paediatric and various other medical conditions. Cipla has 47 manufacturing locations across the world and sells its products in 86 countries. It is the third-largest drug producer in India
TATACONSUM Support & Resistance As of December 28, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹925.40, reflecting a 2.65% increase from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹902.05
S2: ₹903.19
Resistance Levels:
R1: ₹918.20
R2: ₹930.55
These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies.
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹874.00
Resistance Levels:
R1: ₹1,060.00
These weekly levels provide a broader perspective for traders considering positions over multiple days.
Technical Indicators:
Relative Strength Index (RSI): 31.57 (Neutral)
Moving Averages:
5-Day Average: Data not available
20-Day Average: Data not available
50-Day Average: Data not available
These indicators suggest a neutral trend, with the RSI indicating neither overbought nor oversold conditions.
Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
BAJFINANCE Support & ResistanceAs of December 27, 2024, Bajaj Finance Limited (BAJFINANCE) closed at ₹6,832.00, reflecting an increase of ₹23.80 (0.35%) from the previous close.
For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses:
Daily Support and Resistance Levels:
Support Levels:
S1: ₹6,800.85
S2: ₹6,764.80
Resistance Levels:
R1: ₹6,921.80
R2: ₹6,957.85
These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies.
Weekly Support and Resistance Levels:
Support Levels:
S1: ₹6,823
S2: ₹6,779
S3: ₹6,702
Resistance Levels:
R1: ₹6,944
R2: ₹7,021
R3: ₹7,065
These weekly levels provide a broader perspective for traders considering positions over multiple days.
AXISBANK Support & Resistance As of December 28, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,077.85, reflecting a slight increase of 0.09% from the previous close. Here are the identified support and resistance levels:
Daily Support and Resistance Levels
Support Levels:
S1: ₹1,071.60
S2: ₹1,068.73
S3: ₹1,060.83
Resistance Levels:
R1: ₹1,081.85
R2: ₹1,084.65
R3: ₹1,100.53
Weekly Support and Resistance Levels
Support Levels:
S1: ₹1,069.00
S2: ₹1,061.00
S3: ₹1,049.00
Resistance Levels:
R1: ₹1,089.00
R2: ₹1,101.00
R3: ₹1,108.00
Technical Indicators
Relative Strength Index (RSI): 27 (indicating potential oversold conditions)
Moving Averages:
5-Day Average: Not available
20-Day Average: Not available
50-Day Average: Not available
These support and resistance levels, along with technical indicators, provide a framework for assessing potential price movements. Use these insights in conjunction with broader market analysis and risk management strategies.
technical lecture class 2Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
how to draw support & resistance Open a price chart. The first step is to identify the instrument you want to analyze. ...
Find the significant highs and lows. ...
Draw the support and resistance lines. ...
Check for validity. ...
Support. ...
Resistance. ...
Horizontal support and resistance levels. ...
Trendline support and resistance.
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.
Database trading Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
Charges / registration: The online database ist free. A registration or a subscription is possible but not necessary. Registered users can download larger amounts of data per extraction and can save the data extractions in their own profile. Monthly Comtrade database requires registration.