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Support and Resistance

Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them. For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment. Key Scenarios for Tomorrow: Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets. Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus. Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events. Disclaimer This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
NSE:NIFTY
by Stable_Logic
1
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
WLDUSDT on the Verge of a Breakout or Breakdown?Yello Paradisers! WLDUSDT is shaping up nicely, showing a bullish I-CHoCH (Internal Change of Character) after taking inducement and bouncing off a supportive trendline and key support zone. These factors significantly increase the probability of an upcoming bullish move. 💎However, it’s critical to keep an eye on potential retracements. If WLDUSDT retraces from its current level, we can anticipate a bounce from the support zone. To confirm this bullish outlook, we need to see a bullish I-CHoCH forming on lower timeframes—this will boost confidence in the move. 💎That said, discipline is key. If the price breaks down and closes candle below the support zone, this will invalidate the bullish idea entirely. In such a case, it’s better to step aside and wait for stronger price action to develop before taking further action. 🎖The key to consistent profitability is patience and waiting for high-probability setups. Stay disciplined and let the market come to you, Paradisers. Avoid chasing trades, and always stick to a robust strategy. That’s the only way to thrive in the long term! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
professional trading mindsetThey are disciplined in their trading and can view the market objectively, regardless of how current market action is affecting their account balance. They don't give in to being excessively excited about winning trades or excessively despairing about losing trades. Stick to Your Discipline. ... Lose the Crowd. ... Engage Your Trading Plan. ... Don't Cut Corners. ... Avoid the Obvious. ... Don't Break Your Rules. ... Avoid Market Gurus. ... Use Your Intuition.
NSE:NIFTYEducation
by SkyTradingZone
Nifty Intraday Analysis for 13th December 2024NSE:NIFTY Index closed near 24550 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 48.18 Lakh 24600 Strike – 37.20 Lakh 24700 Strike – 29.81 Lakh Put Writing 24000 Strike – 30.22 Lakh 24600 Strike – 29.33 Lakh 24500 Strike – 29.25 Lakh Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
TRBUSDT: Bullish Breakout or Retail Trap?Yello Paradisers! TRBUSDT is showing signs of a potential bullish move, backed by its strong bullish market structure and a supportive trendline. However, this setup could soon become a classic trap for retail traders if the market induces premature entries. 💎If TRBUSDT takes inducement and shows a clear I-CHoCH (Internal Change of Character) on lower timeframes from the support zone, it will significantly increase the probability of a bullish breakout. 💎On the other hand, a breakdown and candle close below the support zone will invalidate this bullish idea, signaling caution. In that case, waiting for a more defined price action structure would be the smarter move. 🎖Discipline and patience are the keys here, Paradisers. Remember, a well-planned entry is far more valuable than chasing uncertain setups. Stay focused, trade strategically, and let the market come to you! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
DCM Limited Exhibiting good Price Action. Risky proposition. Microcap company. Exhibiting good Pricie Action. -Rounding Bottom. -Darvas Box Breakout -Breakout with Huge Volume. -Wide Range Clean candle without any wick -Dry volume when pulling back. -Break Away Gap. We talked about the positives now let's dwell on the negatives. -Ideal entry missed. -micro-cap company which increases the risk One can trade it in 2 ways. 1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting. 2. Wait for a breakout of 146, which is the ATH. Keep SL low of the break-out candle. Selecting this stock mainly for -The volume -Good clean candles. -Break away Gap I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company. Peace...
NSE:DCMLong
by sagartharayil
Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance. Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BAJFINANCELong
by TraderRahulPal
2