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PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment. One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.
NSE:BANKNIFTY1!Education
by SkyTradingZone
3
ADX 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. Many traders consider the ADX to be the ultimate trend gauge because it is so reliable. ADX quantifies trend strength by measuring the degree of directional movement in price. ADX calculations are based on a moving average of price range expansion or contraction over a given period. The default setting is 14 periods, although other settings can be used. ADX can be used with any financial security, including stocks, exchange-traded funds, and futures. The average directional index, known as ADX, is a technical tool used by traders to gauge trend strength. Trading with the trend is considered a fundamental trading practice that reduces risk and increases profit potential. ADX calculations use a moving average of price range expansion or contraction. ADX is less useful when prices enter a trading range. While ADX is a lagging indicator, it is considered reliable.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Wipro Support & Resistance Level for the day Wipro Limited is one of India's largest IT services companies and is actively traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). When analyzing Wipro’s support and resistance levels, we can apply technical analysis tools such as swing highs, swing lows, moving averages, Fibonacci retracement, and volume analysis. Support Levels: ₹375 - ₹380 (Recent Low / Support Zone): If Wipro has recently tested this level and bounced up, this would indicate strong support in the ₹375 - ₹380 range. A break below this zone could suggest further downside to the next support. ₹350 (Psychological Support): The ₹350 level is a round number and could act as a psychological support zone. If the price approaches ₹350 and finds buying interest, this would confirm its strength as a support level. ₹320 - ₹330 (Previous Low / Support Zone): If Wipro previously reversed direction around ₹320 to ₹330, this would be a key support zone. A break below this level would suggest significant weakness in the stock, potentially leading to a move towards lower levels. Resistance Levels: ₹420 - ₹430 (Recent Highs / Resistance Zone): If Wipro has faced resistance around ₹420 to ₹430 multiple times, this is a strong resistance zone. A break above this range could signal bullish continuation with the next resistance at higher levels. ₹450 (Key Resistance): ₹450 is a significant psychological resistance level. If Wipro has previously struggled to break above this level, it could act as strong resistance again. If Wipro breaks above this level with volume, it could signal further upside potential. ₹475 - ₹480 (Next Resistance Zone): If the stock has touched or approached ₹475 - ₹480 in the past and failed to move higher, this range could be the next resistance zone. A sustained breakout above this level could target ₹500 or higher. Key Areas to Watch: Break Above ₹430: A breakout above ₹430 would likely lead Wipro to test the next resistance levels at ₹450 and ₹475. Watch for volume confirmation to support the breakout. Break Below ₹375: A breakdown below ₹375 would suggest a possible shift to bearish momentum, and the stock could then test ₹350 or lower. If Wipro closes below ₹350, further downside could open up.
NSE:WIPROLong
by EmpireCrown
SPX Support & Resistance level for the dayThe S&P 500 Index (SPX) is one of the most widely followed equity indices, representing 500 of the largest publicly traded companies in the U.S. As such, its price action reflects the overall performance of the U.S. stock market and is closely watched by traders, investors, and institutions worldwide. Volume Profile: Areas with high trading volume can indicate strong support or resistance, as they signify areas where large institutional orders were placed. Hypothetical Support and Resistance Levels for SPX: Let’s assume we’re analyzing the S&P 500 Index (SPX) from recent trends. Below are potential support and resistance levels based on hypothetical recent price action: Support Levels: 4,100 - 4,150 (Strong Support Zone): If SPX has tested 4,100 to 4,150 multiple times in the recent past and bounced higher, this could be a significant support range. A break below this range could indicate a deeper pullback. 4,000 (Psychological Support): 4,000 is a major round number and could act as strong psychological support. Traders may look to buy if the price approaches this level. 3,900 (Previous Low / Support Zone): If 3,900 was a level where SPX previously reversed or consolidated, it could act as a support level. A break below this could signal further downside, with the next support at 3,800. 3,800 (Lower Support Zone): If the market experiences a major correction, 3,800 might be a significant support level based on previous price action and where the index has bounced in the past. Resistance Levels: 4,300 - 4,350 (Recent High / Resistance Zone): 4,300 to 4,350 could be key resistance levels if SPX has faced difficulty breaking above this range recently. If it breaks this level, the next target could be higher. 4,500 (Psychological Resistance): 4,500 is another key round number. As SPX approaches this level, selling pressure from traders may increase, making it a likely point of resistance. 4,600 (Next Key Resistance): If SPX has approached 4,600 previously and failed to sustain above it, this would act as a strong resistance level. A breakout above 4,600 could indicate strong bullish momentum. 4,700 - 4,800 (Upper Resistance Zone): In a strong uptrend, 4,700 to 4,800 could be the next resistance zone. If SPX reaches this area, it could face significant selling pressure, and market participants might look to take profits. Key Areas to Watch: Breakout Above 4,350: A breakout above 4,350 would be bullish and could indicate that SPX is heading towards 4,500 and possibly 4,600. Watch for a close above this level to confirm strength. Breakdown Below 4,150: If SPX breaks below 4,150, it could signal a pullback toward 4,000 or lower. A breakdown below 4,000 would suggest a deeper correction. 50-day and 200-day Moving Averages: A break below the 50-day moving average could signal weakness in the short-term. Similarly, a break below the 200-day moving average could indicate longer-term bearishness.
TVC:SPX
by EmpireCrown
SENSEX Support & Resistance for the day The Sensex (or BSE SENSEX) is the benchmark stock market index of the Bombay Stock Exchange (BSE), representing the performance of the top 30 companies listed on the exchange. Since it includes large-cap stocks across sectors, it reflects the broader market sentiment and can be an important barometer for the Indian stock market. Support Levels: ₹60,000 - ₹61,000 (Strong Support Zone): If the Sensex has recently bounced off this level, this could be a strong support range. A break below this level might signal further downside to the next support area. ₹58,000 (Psychological Support Level): Round numbers like ₹58,000 are often key levels where the market may find support. If Sensex starts to dip towards ₹58,000, buying pressure from investors can drive the index higher. ₹56,000 - ₹57,000 (Previous Low / Support Zone): If the Sensex had previously reversed direction around this level, it may serve as a significant support zone. A failure to hold above this range could lead to a larger correction. Resistance Levels: ₹63,000 - ₹64,000 (Recent Highs / Strong Resistance): If Sensex has tested ₹63,000 or ₹64,000 multiple times without sustaining above it, this would be a strong resistance level. A breakout above this level with strong volume could signal continued bullishness. ₹65,000 (Psychological Resistance): As a round number, ₹65,000 is a significant level for traders and investors. If the Sensex approaches this level and faces resistance, it might pull back or consolidate before attempting another rally. ₹67,000 (Key Resistance Zone): This level might represent a long-term resistance zone. If the Sensex has previously reached this level and failed to break through, it could act as an important resistance point in the future.
BSE:SENSEXLong
by EmpireCrown
BANKNIFTY Support & Resistance levels Let's assume you are analyzing Bank Nifty based on recent price action (for example, from the past few weeks to months). Here are potential support and resistance levels: Support Levels: ₹43,500 - ₹44,000 (Strong Support Zone): If Bank Nifty has bounced off this level multiple times recently, this could be a strong support zone. A break below this could signal further downside. ₹42,000 (Major Psychological Support): ₹42,000 is a key psychological level. If Bank Nifty approaches this level, it might find support as traders look to buy at a round number. ₹41,000 (Previous Low/Support Zone): If Bank Nifty tested ₹41,000 in the past and reversed upward, this would be a support level. A breach of this level would suggest a potential bearish trend. Resistance Levels: ₹45,000 - ₹45,500 (Recent Highs / Strong Resistance): ₹45,000 is a significant level where Bank Nifty has faced resistance multiple times. A move above this level could indicate a continuation of bullish momentum. ₹46,000 (Psychological Resistance): Round numbers like ₹46,000 can often act as resistance, as traders may sell or take profits at such levels. ₹47,000 - ₹48,000 (Key Resistance Zone): If Bank Nifty has reached ₹47,000 to ₹48,000 in the past and failed to move higher, this could be a strong resistance zone. Breaking above this range could signal a significant uptrend. Key Areas to Watch: Break Above ₹45,500: A breakout above ₹45,500 would indicate the potential for a strong uptrend, with the next resistance levels near ₹46,000 and ₹47,000. Traders should watch for a sustained move above this level to confirm bullish momentum. Break Below ₹43,500: If Bank Nifty breaks below ₹43,500, it could trigger a move toward the next support at ₹42,000 or lower. A breakdown below ₹42,000 would suggest further weakness and potentially a bearish trend.
NSE:BANKNIFTYLong
by EmpireCrown
ADANIPORTS Support & Resistance for the day Assuming you're analyzing ADANIPORTS based on recent price action (let’s take the last few months as an example), here are some support and resistance levels that might be significant: Support Levels: ₹760 - ₹780 (Recent Low / Strong Support): If ADANIPORTS has tested this range multiple times and bounced back up, it may indicate strong buying interest in this zone. A failure to hold above this level could signal further downside potential. ₹700 (Key Psychological Support): Round numbers like ₹700 are often significant support levels. If the stock approaches ₹700 and begins to bounce higher, it might be a good indication that buyers are entering the market. ₹670 (Previous Low / Support Zone): If there is a previous swing low near ₹670, this would be a support level. It could represent a price point where there was significant buying interest in the past. Resistance Levels: ₹820 - ₹850 (Recent Highs): If ADANIPORTS has faced difficulty breaking above ₹820 - ₹850 in recent weeks or months, this could be a key resistance level. Sellers may enter around this price point. ₹900 (Psychological Resistance): The ₹900 level could act as a psychological resistance. Round numbers like this are often areas where traders sell, taking profits from previous rallies. ₹950 - ₹1,000 (Next Key Resistance Zone): If ADANIPORTS has reached this level before and failed to break through, it could be a major resistance zone. A sustained move above ₹950 - ₹1,000 would indicate bullish momentum. Key Areas to Watch: Break above ₹850: A break above ₹850 could signal the start of a new uptrend, with the next resistance level near ₹900. If this level is breached with strong volume, the price could move toward ₹1,000. Break below ₹760 - ₹780: A breakdown below ₹760 could suggest weakness in the stock, potentially testing the next support zone near ₹700. If this level is broken, further downside could open up, with the next support at ₹670. Watch Moving Averages: The 200-day moving average (MA) could be a dynamic support if the price is above it. If ADANIPORTS is trading near this MA, it could offer support on pullbacks. The 50-day MA is another level to watch, especially for shorter-term trends.
NSE:ADANIPORTSLong
by EmpireCrown
ASIANPAINT Support & Resistance for the dayHypothetical Example Based on Asian Paints (ASIANPAINT): Let’s assume that we're analyzing the stock chart for Asian Paints (as of the latest available data). Below are example levels based on a typical technical analysis approach. Keep in mind that this is a general method, and real-time data might differ. Support Levels: ₹3,200 - ₹3,300 (Strong Support): If Asian Paints has been bouncing off this level several times over the past few months or weeks, this could be a strong support zone. A break below this level could indicate a bearish trend. ₹3,000 (Psychological Support): Round numbers like ₹3,000 often act as psychological support levels. Traders might expect buyers to step in if the stock falls towards this price. ₹2,800 (Previous Low): Previous lows often act as significant support levels. If the price tested ₹2,800 previously and bounced higher, it might act as support again. Resistance Levels: ₹3,600 - ₹3,700 (Previous High): If Asian Paints reached this price point before pulling back, this becomes a resistance level. Traders would watch for price action around this zone, as it might face selling pressure. ₹3,800 (Next Psychological Resistance): Prices often face resistance at round numbers. If Asian Paints approaches ₹3,800, it could face selling interest from traders. ₹4,000 (Key Resistance): If the stock has previously failed to sustain above ₹4,000, then this level would be considered a strong resistance level.
NSE:ASIANPAINTLong
by EmpireCrown
IDEA breakout for the daySupport and resistance are key concepts in technical analysis, widely used by traders and investors to identify price levels where an asset’s price tends to find stability or reverse direction. Understanding these levels can help make more informed decisions about entry and exit points. Here's a deeper dive into these concepts: Support Levels: Definition: Support is a price level at which an asset tends to find buying interest, preventing the price from falling further. It’s essentially a "floor" where demand is strong enough to stop a downward trend. Significance: Once the price approaches a support level, buyers are typically more willing to step in, believing that the asset is undervalued at that point. How to Identify: Look for price areas where the asset has bounced up in the past. Areas where the price has reversed or consolidated several times. The more times a price has tested and bounced off a certain level, the stronger the support is considered. Resistance Levels: Definition: Resistance is a price level where selling pressure outweighs buying, creating a "ceiling" that prevents the asset from moving higher. When prices approach resistance, traders might sell or take profits. Significance: If the price breaks through resistance, it could signal a new uptrend or buying opportunity. How to Identify: Look for price points where the asset has reversed or stalled in the past. The more times the price tests a resistance level and fails to break through, the stronger that level is considered.
NSE:IDEALong
by EmpireCrown
RELIANCE Support & Resistance long levels Reliance Industries Ltd. (RELIANCE) is one of India's largest conglomerates with diverse interests across sectors such as petrochemicals, refining, telecommunications, retail, and digital services. Given its size and market influence, Reliance is a key stock in the Indian stock market, often reflecting broader economic trends. Identifying support and resistance levels for Reliance can help traders and investors make informed decisions. Support Levels: ₹2,400 - ₹2,420 (Strong Support Zone): If Reliance has repeatedly found support around ₹2,400 - ₹2,420, this could be a key support zone. A move below this zone could signal deeper correction, with the next support around ₹2,350 or ₹2,300. ₹2,300 (Psychological Support): ₹2,300 is a psychological level and may serve as a significant support point. If Reliance falls towards this level, there could be buying interest from long-term investors, pushing the price upward. ₹2,200 (Previous Low / Support): If ₹2,200 has acted as a strong point of reversal in the past, it may serve as a strong support level. A break below ₹2,200 would likely indicate a more pronounced bearish trend. ₹2,100 (Lower Support Zone): In a worst-case scenario, ₹2,100 might act as a lower support level, especially if the broader market faces a correction. If the price falls below this level, it would indicate significant weakness. Resistance Levels: ₹2,600 - ₹2,650 (Recent Highs / Resistance Zone): If Reliance has recently struggled to break above ₹2,600 - ₹2,650, this range would act as a strong resistance zone. A breakout above this range could signal bullish continuation. ₹2,700 (Key Resistance Level): The ₹2,700 level could act as a key resistance point for Reliance. A sustained break above ₹2,700 could lead to a rally toward the next resistance at ₹2,800 or higher. ₹2,800 (Major Resistance): If ₹2,800 has previously marked the top of the stock's price action, it could be a major resistance level. A move beyond this level would indicate strong bullish momentum and could open up the next target of ₹2,900. ₹3,000 (Psychological Resistance): As a round number, ₹3,000 is a psychological resistance level. If Reliance moves close to this level, selling pressure could increase from traders looking to lock in profits, making it a significant level to watch. Key Areas to Watch: Breakout Above ₹2,650: A breakout above ₹2,650 would be a bullish signal for Reliance, with the next resistance around ₹2,700 to ₹2,800. Traders would watch for a close above ₹2,650 for confirmation. Breakdown Below ₹2,400: A breakdown below ₹2,400 would suggest a weakening of the bullish trend, and the stock could move toward ₹2,300 or ₹2,200.
NSE:RELIANCELong
by EmpireCrown
Strength Index (RSI) IndicatorThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
BSE:SENSEXEducation
by SkyTradingZone
3
Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL Resistance 1600 Watching above 1604 for upside movement... Support area 1570 Below 1590 ignoring upside momentum for intraday Support 1579 Watching below 1579 or downside movement... Resistance area 1600 Above 1585 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:BHARTIARTLLong
by EmpireCrown