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Support and Resistance

Support and Resistance is one of the most used techniques in technical analysis based on a concept that's easy to understand but difficult to master. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior. There are many different ways to identify these levels and to apply them in trading. Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become.

Finding the most important ones can take many hours of practice. They exist due to an influx of buyers or sellers at key junctures. The fact that these levels flip roles between support and resistance can be used to determine the range of a market, trade reversals, bounces or breakouts. Each of these trades will have their own rules for entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
nimbuz90 nimbuz90 SUNTV, 240, Short ,
SUNTV: Sun going down - for now??
27 0 2
SUNTV, 240 Short
Sun going down - for now??

The stock has been trading in a broad bear channel for the past couple of months. A symmetrical triangle breakout is observed on the downside which is also happening at the upper channel resistance line. Hence expecting the prices to fall till 820. CMP is around 870. Shorts can be initiated on rise @ 875-880 levels. If it fails to move up, then we could short ...

anandnst anandnst IBREALEST, 1D, Long ,
IBREALEST: #IBREALESTATE CASH : POSITIONALL LOOKS GOOD ONCE CLOSE ABOVE 206
68 0 1
IBREALEST, 1D Long
#IBREALESTATE CASH : POSITIONALL LOOKS GOOD ONCE CLOSE ABOVE 206

#IBREAL ESTATE CASH 24 APRIL 2018 LOOKS GOOD IF CLOSE ABOVE 206 STOPLOSS 194 TGT 224/240/260 (RISK FREE ONCE CLOSE ABOVE 230 FOR 260/300 ALSO IN COMING DAYS) CMP 197

anandnst anandnst HCLTECH, 1D, Long ,
HCLTECH: #HCLTECH CASH : LOOKS WEAK BELOW 1055
30 0 1
HCLTECH, 1D Long
#HCLTECH CASH : LOOKS WEAK BELOW 1055

#HCLTECH CASH 24 APRIL 2018 LOOKS WEAK BELOW 1055 SL 1065 TGT 1046-1048/1040/1032/1022 (SUPPORT 1056-1060) CMP 1062

anandnst anandnst HINDUNILVR, 240, Long ,
HINDUNILVR: #HINDUNILVER CASH : LOOKS GOOD ABOVE 1472
18 0 1
HINDUNILVR, 240 Long
#HINDUNILVER CASH : LOOKS GOOD ABOVE 1472

#HINDUNILVER CASH 24 APRIL 2018 LOOKS GOOD ABOVE 1472 STOPLOSS 1480-82/1490/1500 SL 1460 CMP 1460

rk10 rk10 NIFTY, 75,
NIFTY: Nifty April Expiry
95 0 1
NIFTY, 75
Nifty April Expiry

Could the nifty have a 100 point range over the next 2 days before a decisive move. (10514 - 10705)

DesiCryptoGuru DesiCryptoGuru ADABTC, 60, Short ,
ADABTC: ADA on spot zone target 30% profit in 1 week best to buy
90 2 2
ADABTC, 60 Short
ADA on spot zone target 30% profit in 1 week best to buy

ADA on spot zone target 30% profit in 1 week best to buy wait for come on spot line then buy and set stop loss also plz follow me

vanathi vanathi HAVELLS, 15, Short ,
HAVELLS: Havells - At support!
276 0 8
HAVELLS, 15 Short
Havells - At support!

Sell below 545 with the stop loss of 550. Targets are 540, 535 and 530.

vanathi vanathi APOLLOTYRE, 15, Short ,
APOLLOTYRE: Apollotyres - Consolidating!
289 0 10
APOLLOTYRE, 15 Short
Apollotyres - Consolidating!

Sell below 287 with the stop loss of 290. Targets are 284, 281 and 279.

praveen.bhatiya praveen.bhatiya BALRAMCHIN, 1D, Long ,
BALRAMCHIN: Broadening Bottom/Divergence Potential Trend Reversal Stock
172 2 11
BALRAMCHIN, 1D Long
Broadening Bottom/Divergence Potential Trend Reversal Stock

Identifying the reversal and its timing is quite difficult and risky but sometimes its worth to take small risk. The stock is clearly in downtrend but it is forming Broadening Bottom reversal pattern and RSI is showing divergence. One can buy the stock by providing the SL of low of yesterday. If it works it could reward well. Being a volatile stock one can also ...

Einstein15 Einstein15 M_MFIN, D,
M_MFIN: M&M_FIN  Lifetime Cup
206 0 14
M_MFIN, D
M&M_FIN Lifetime Cup

M&M_FIN is retesting the lifetime highs it made recently.

Einstein15 Einstein15 TATAELXSI, M,
TATAELXSI: TATAELXSI Lifetime Cup
238 1 13
TATAELXSI, M
TATAELXSI Lifetime Cup

TATA ELSXI is completing the cup, testing the lifetime highs.

sandipan.mch sandipan.mch BTCUSD, 60, Long ,
BTCUSD: Is Bitcoin ready for a Stepping stone reaccumualtion?
556 4 10
BTCUSD, 60 Long
Is Bitcoin ready for a Stepping stone reaccumualtion?

Disclaimer... not an investing/trading recommendation This is not a time oriented analysis, although last 2 times whales took 5 to 7 days to reaccumualte the pathway of price action as mentioned is not a projection based on TA, rather, a mimic of the textbook wyckoff reaccumualtion schematics... the markup target can only be calculated accurately , on completio of ...

SafeTrader1976 SafeTrader1976 ICICIPRULI, D, Long ,
ICICIPRULI: ICICI Pru Life - At Support.
93 0 2
ICICIPRULI, D Long
ICICI Pru Life - At Support.

At Support Zone. Other Details Mentioned In Chart. Positional View. Please Consult Your Financial Advisor Before Taking Any Decission. I am not SEBI Registered Financial Advisor.

nsakthideva nsakthideva SBIN, 1D, Long ,
SBIN: SBIN CHART STUDY...
174 0 2
SBIN, 1D Long
SBIN CHART STUDY...

CHART STUDY... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am ...

vanathi vanathi NIFTY, 60,
NIFTY: Mighty Nifty - Weekly Review April 23 - April 27
174 0 5
NIFTY, 60
Mighty Nifty - Weekly Review April 23 - April 27

The range 10530 - 10580 should get broken to decide the trend. On breaking 10580, price will move towards 10620, 10660 and 10710. On the other hand, unable to sustain the level 10530 will make the price to move towards 10460, 10380 and 10320.

Einstein15 Einstein15 PERSISTENT, D,
PERSISTENT: PERSISTENT Neckline Gap
88 0 4
PERSISTENT, D
PERSISTENT Neckline Gap

Persistent has been moving around the neckline for a couple of months. Making a good comeback after the gap down, retesting the gap and the neck. Awaiting a breakout to fill the gap or a reversal.

Einstein15 Einstein15 INDUSINDBK, D,
INDUSINDBK: INDUSINDBK Lifetime breakout n Retest
162 6 6
INDUSINDBK, D
INDUSINDBK Lifetime breakout n Retest

INDUSIND Bank , broke outta its lifetime highs and a range, and retested tthe neckline. Probably heading towards making new lifeime highs

praveen.bhatiya praveen.bhatiya GAIL, 1D, Long ,
GAIL: Trend Reversal : Inverse Head & Shoulder Breakout
138 0 8
GAIL, 1D Long
Trend Reversal : Inverse Head & Shoulder Breakout

The stocks is giving signal of a reversal of direction. 1. It has broken the down sloping trend line and trading above it 2. It is trading above the Neckline of Inverse Head & Shoulder pattern 3. RSI is above 50 One can trade the stock now or on retest of any line mentioned above. Inverter can also consider buying the stock for medium term ...

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