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.
today i missed to upload.
traingle pattern breakout buy above 945 target 951 sl 939.
now for tomorrow buy above 952 target 960 sl 944.
upl has resistance area 963 zone if it breaks and sustain for 15 min go long for positional target 993
in charts we can yesbank strong support s1 230 if it breaks then we see next support is s2 200 .
if s1 not break we see some short covering after fall first resistance is r1 254
Support is seen at 30100 - 30160 level. Sustaining support will push the price towards 30260, 30380, 30500 and 30730. On breaking the support, price will fall towards 29940. 29800, 29660 and 29500.
Price action is having support at 11720 - 11740 level. Sustaining it will push the price towards 11780, 11840 and 11890. Breaking the support will make the price to fall towards 11680, 11620, 11570 and 11540.
Price action is at the support level 156 - 160. If it is broken, it will fall towards 140 and 128. Sustaining the support will push the price towards 172, 180 and 186.
MNSE:TVTODAYhttps://www.tradingview.com/x/W3F6lKyH/https://www.tradingview.com/x/W3F6lKyH/
MORNING STAR PATTERN AFTER LONG DOWN RALLY TREND REVERSAL ACTIVE BUYERS ENTER FOR BUYING
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