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Support and Resistance

BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD BTCUSD 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
UPL Ltd - Renko Analysis & Trade Setup 🔍 Stock: UPL Ltd (NSE) 📊 Chart Type: Renko (1% ) 📆 Timeframe: Daily Technical Analysis: 1. Resistance Zone (650-650.50) - The price is testing a strong resistance zone around ₹650. - This level has been previously respected, leading to pullbacks. 2. Bearish Reversal Signal - The latest red Renko brick suggests potential downside momentum. - A short-term correction could be in play. 3. Support Levels: - The next major support is around ₹588-590. - If the price fails to hold above ₹635, we might see further downside towards this level. 4. Indicators: - The trendline still shows bullish momentum, but signs of weakness are appearing. - RSI is currently above 60, indicating strength but also the possibility of overbought conditions. Trade Setup: ✅ Bearish Bias: If price stays below ₹635, a potential short trade can be considered with a target of ₹590. ✅ Stop-loss: A strict stop-loss above ₹650 to protect from false breakouts. ✅ Bullish Confirmation: If price reclaims ₹650 convincingly, a breakout trade towards ₹675+ could be on the cards. 🔔 Conclusion: UPL is at a key inflection point. A rejection at ₹650 can lead to a correction, while a breakout can fuel further upside. Keep an eye on price action for confirmation! #UPL #Renko #StockMarket #TechnicalAnalysis #TradingView #NSE #SwingTrading
NSE:UPLShort
by anuragtrivedi0302
JUBLPHARMA Ready for an Up Move?Hello fellow traders, I hope you are all doing well. Key Observations: 1. Strong Support Zone: JUBLPHARMA has reached a strong zone that previously acted as resistance and could now turn into support. 2. Chart Pattern: A falling wedge pattern is visible, which is typically a bullish reversal signal. We can also see that the breakout has already happened and now the price has come to retest. 3. Bullish Engulfing Candle: On the weekly time frame, we see buying pressure emerging, confirmed by a Bullish Engulfing candle. 4. Entry Point: A good entry could be above ₹1010 for better confirmation of the uptrend. 5. Targets: The potential targets are already marked on the chart as T1, T2, and T3 . As this is my first published idea, I kindly ask you to ignore any mistakes, and I will strive to improve in the future. Disclaimer: This is purely an analysis and not investment advice. Please trade with due diligence and manage your risks carefully. I hope you like my work, Thanks in advance. Best regards - Anantesh
NSE:JUBLPHARMALong
by Ananteshm
7
Nifty Intraday Analysis for 03rd March 2025NSE:NIFTY Index closed near 22125 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 22500 Strike – 120.30 Lakh 22300 Strike – 72.64 Lakh 22600 Strike – 69.70 Lakh Put Writing 21800 Strike – 72.29 Lakh 22500 Strike – 59.11 Lakh 22000 Strike – 51.42 Lakh Index may reach 22250 - 22300 range, if crosses and sustains above 22650 level. Further, Index may reach 22400 - 22450 range, if sustain above 22750 level. Index has immediate support near 22000 – 21950 range and if this support is broken then index may tank near 21800 – 21750 range. Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 03rd March 2025NSE:BANKNIFTY Index closed near 48345 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 49000 Strike – 10.20 Lakh 50000 Strike – 9.16 Lakh 48500 Strike – 4.37 Lakh Put Writing 48000 Strike – 8.35 Lakh 49000 Strike – 7.79 Lakh 47000 Strike – 7.04 Lakh Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range. Index has immediate support near 47800 - 47700 range and if this support is broken then index may tank near 47100 - 47000 range. Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 03rd March 2025NSE:CNXFINANCE Index closed near 23030 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 23000 Strike – 0.62 Lakh 23200 Strike – 0.47 Lakh 23500 Strike – 0.25 Lakh Put Writing 23000 Strike – 0.78 Lakh 23200 Strike – 0.36 Lakh 23100 Strike – 0.30 Lakh Index has resistance near 23125 - 23150 range and if index crosses and sustains above this level then may reach near 23250 - 23300 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22700 – 22650 range. Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 03rd March 2025NSE:NIFTY_MID_SELECT Index closed near 10770 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 11000 Strike – 3.46 Lakh 10800 Strike – 2.45 Lakh 10900 Strike – 1.29 Lakh Put Writing 10500 Strike – 4.35 Lakh 11000 Strike – 4.34 Lakh 10800 Strike – 4.22 Lakh Index has immediate resistance near 10850 – 10900 range and if index crosses and sustains above this level then may reach 10975 – 11025 range. Index has immediate support near 10650 – 10600 range and if this support is broken then index may tank near 10500 – 10450 range. Volatility expected due to non resolution of Russia Ukraine war and imposition of import tariff by US on Canada Mexico and China with effect from 4th March 2025.
NSE:NIFTY_MID_SELECT
by RKMAURYA
GANESHHOUC Trading Within Demand ZoneGANESHHOUC is currently trading at ₹1082.65, within the demand zone ranging from ₹1140 (baseHigh) to ₹1067.4 (baseLow), identified on 22nd November 2024. This zone may serve as a potential support level, attracting buying interest. Traders and investors should monitor price action for signs of accumulation or reversal. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.
NSE:GANESHHOUC
by rush12799
PIDILITIND Trading Within Demand Zone PIDILITIND is currently trading at ₹2,657.9, within the demand zone ranging from ₹2,682 (baseHigh) to ₹2,642 (baseLow), identified on 16th February 2024. This zone may serve as a support level, potentially influencing future price action. Investors may watch for signs of demand strengthening at this level. *Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.*
NSE:PIDILITIND
by rush12799
ULTRACEMCO Trading Within Demand ZoneULTRACEMCO is currently trading at ₹10,128.45, within the demand zone ranging from ₹10,176.5 (baseHigh) to ₹9,931.1 (baseLow), identified on 10th June 2024. This zone may act as a support level, offering a potential opportunity for investors to monitor price action. *Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please perform your own due diligence or consult a financial advisor before making any investment or trading decisions.*
NSE:ULTRACEMCOLong
by rush12799
More fall expected in Nifty?NIfty has formed a bearish head and shoulder pattern, whose neckline has broken recently. Further, it was rejected from a downtrend line during its last swing. 21800 can act as next support, while 21450-21350 is the pattern target range as well as support zone. If it can't hold these levels, a fall to 20350 levels is imminent to cover the gap formed earlier. Interestingly, this zone is also the target indicated by the pattern. But can it reach directly to these levels? It may not. Its very common in the market to have relief rallies after a fall. So the market may retest previous support levels of 22500 before determining its direction. Let me know your thoughts on this. If you found this helpful, like this post. Follow me for more such updates.
NSE:NIFTYShort
by jayaprakash99
No More Down Side Left In Nifty 50 IndexThe Nifty Index, also known as the Nifty 50, is a stock market index representing 50 of the largest and most liquid companies listed on the National Stock Exchange (NSE) of India. It is one of the primary benchmarks for the Indian stock market and is widely used by investors to gauge the performance of the Indian equity market. The Nifty 50 includes companies from various sectors, such as financial services, IT, energy, consumer goods, and more. The index is calculated using a free-float market capitalization weighted methodology, meaning that the weight of each company in the index is proportional to its market capitalization, adjusted for the shares available for trading. It serves as a key indicator for the Indian economy and is often used for investment purposes, including the creation of exchange-traded funds (ETFs) and index funds.Volume Profile is a technical analysis tool that displays the distribution of trading volume at different price levels over a specific period. Unlike traditional volume analysis, which shows the total volume traded over a set period of time, the volume profile focuses on price levels, offering a more detailed view of where most of the trading activity occurred. Here’s how the Volume Profile works and what it represents: Key Components: 1. Price Levels: The horizontal axis represents price levels rather than time, and the vertical axis shows the volume traded at those levels. 2. Volume Bars: Volume is plotted as horizontal bars that extend across the price scale. These bars indicate the amount of trading activity at each price level. 3. Point of Control (POC): This is the price level with the highest traded volume during the specified period. It often acts as an area of high interest for traders and may indicate a fair value price. 4. Value Area (VA): This includes the price levels where a specified percentage (typically 70%) of the total volume traded during the period occurred. The Value Area can give traders an idea of the price range where the majority of transactions took place, which is considered significant for support and resistance levels. 5. High/Low Volume Nodes: High-volume nodes (or areas) show price levels where a significant amount of trading occurred, often acting as areas of support or resistance. Low-volume nodes are price areas with less trading activity, which can be areas of potential price breakouts. Uses of Volume Profile: 1. Support and Resistance: The POC and the Value Area are critical in identifying key support and resistance zones. Traders often watch for price reactions around these levels.2. Trend Confirmation: Volume Profile helps confirm trends. If the price moves toward a high-volume area and consolidates, it can signal strong support or resistance. Conversely, a low-volume area may indicate weak support or resistance and potential breakout zones. 3. Market Sentiment: Volume Profile can reveal where the market is most interested in trading, providing insights into the market's perceived value of a security at different price levels. 4. Breakouts and Reversals: Traders use Volume Profile to spot potential breakouts from low-volume zones or reversals at high-volume levels, providing actionable trade signals. Overall, Volume Profile is a powerful tool for understanding market structure and price action in a more detailed and context-driven manner.
NSE:NIFTYLong
by TheGoldenFarmsofEquity
Nifty Intraday Analysis for 28th February 2025NSE:NIFTY Index closed near 22545 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 54.86 Lakh 22600 Strike – 46.83 Lakh 22500 Strike – 33.92 Lakh Put Writing 22500 Strike – 50.54 Lakh 22600 Strike – 39.46 Lakh 22000 Strike – 32.91 Lakh Index may reach 22700 - 22750 range, if crosses and sustains above 22650 level. Further, Index may reach 22875 - 22925 range, if sustain above 22750 level. Index has immediate support near 22450 – 22400 range and if this support is broken then index may tank near 22250 – 22200 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 28th February 2025NSE:BANKNIFTY Index closed near 48745 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 49000 Strike – 9.70 Lakh 50000 Strike – 6.65 Lakh 49500 Strike – 3.27 Lakh Put Writing 49000 Strike – 8.65 Lakh 48000 Strike – 6.34 Lakh 48500 Strike – 4.63 Lakh Index has resistance near 49100 – 49200 range and if index crosses and sustains above this level then may reach near 49650 – 49750 range. Index has immediate support near 48300 - 48200 range and if this support is broken then index may tank near 47850 - 47750 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 28th February 2025NSE:CNXFINANCE Index closed near 23175 level and Maximum Call and Put Writing near CMP as below in March Month contract: Call Writing 23000 Strike – 0.37 Lakh 23200 Strike – 0.24 Lakh 23300 Strike – 0.16 Lakh Put Writing 23000 Strike – 0.40 Lakh 23200 Strike – 0.25 Lakh 23300 Strike – 0.25 Lakh Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range. Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA