Get started

Support and Resistance

Trading Idea for Nuvama!📊 Technical Setup: The stock is in an uptrend, respecting the rising trendline (📈 marked with arrows). EMA indicators (20, 50, and 200) are well-aligned ✅, confirming a bullish bias. The price has recently bounced from the trendline support, showing strong buying interest 🛡️. 💡 Entry Point: Buy Zone: Around ₹6,800–₹6,850 (current levels) 📍, aligning with the trendline and EMA support. ⛔ Stop-Loss: Place a stop-loss below the recent swing low at ₹6,730 ❌. This level invalidates the setup if breached. 🎯 Targets: Target 1: ₹7,100 (near the previous resistance zone) 🥇. Target 2: ₹7,400 (higher resistance zone, aligning with the rectangle breakout zone) 🥈. ⚖️ Risk-to-Reward Ratio: For an entry near ₹6,850 with a stop-loss at ₹6,730: Target 1 (₹7,100): Reward = ₹250 → Risk-to-Reward = 1:2.08 ✅ Target 2 (₹7,400): Reward = ₹550 → Risk-to-Reward = 1:4.58 ✅✅ 📌 Logic: The uptrend is supported by multiple trendline bounces 🔄, indicating strong demand. Price has held above the 50 EMA 📐, a sign of sustained bullish momentum. Volume spike near the trendline suggests institutional buying 💰. ⚠️ Caution: Avoid buying if the price closes below ₹6,730 🚨. Keep an eye on overall market sentiment 🌐, as external factors can influence stock movement.
NSE:NUVAMALong
by piyushr401
BankNifty Intraday Support & Resistance Levels for 26.12.2024On Tuesday, BankNifty opened flat and made a high of 51,382.10 and a low of 51,137.50 within the first half hour. For the rest of the session, it remained range-bound. It closed at 51,233, losing 84 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,688 - 50,909 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 26.12.2024On Tuesday, Nifty opened flat to positive, climbing to a high of 23,867.65 as it entered the 15m supply zone. However, selling pressure pulled it back to a low of 23,685.15. It ended the day at 23,727.65, losing 25 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's movement on Tuesday highlights the impact of the 15m supply zone resistance. If the near-demand zones hold, we may see a recovery toward 23,900 or higher levels. However, a break below the 75m demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan
Yatharth Consolidation Breakout in Progress?? Some Insights...⏺️Technical Analysis ⏹️S napShot Entry: 672.9 SL: 578.8 Positional Target 795.6 692.25 is an immediate resistance, breakout from this level with volume and wide range candle can be considered for further addition or fresh entry. Exercise caution since overall market is bearish and sell on the rise. ✅Detailed Analysis ⏹️Price Action: The stock is currently in a consolidation phase, with strong support at ₹578.80 and resistance at ₹692.25. ⏹️Entry is suggested at ₹672.90, with an immediate target of ₹795.60. If the resistance at ₹692.25 is broken with significant volume, it may signal the start of a new uptrend. ⏹️Stop-loss is placed at ₹578.80 to protect capital in case of adverse price movement. ⏺️Volume & Momentum: The price action indicates the stock has strong buyer interest near the lower end of the consolidation range. ⏺️The Relative Strength (RS) against the Nifty shows a gradual upward trend, indicating that the stock is outperforming the market. ✅Fundamental Analysis ⏺️Key Metrics: ⏹️Market Cap: ₹5,314 Crore – A mid-cap company in the growing healthcare sector. ⏹️Current Price: ₹619. ⏹️P/E Ratio: 41.1 – The stock is trading at a higher valuation compared to the industry average, suggesting strong growth expectations. However, this should be justified by robust revenue and profit growth. ⏹️Book Value: ₹109 – The Price-to-Book ratio is ~5.67, indicating that the stock is priced significantly above its net assets. ⏹️ROCE (Return on Capital Employed): 23.9% – A strong indicator of efficient capital utilization, well above the 15% benchmark for quality companies. ⏹️ROE (Return on Equity): 21.7% – This shows the company is generating significant returns for shareholders. ⏹️Dividend Yield: 0.00% – Indicates the company is likely reinvesting profits into growth rather than paying dividends. ⏺️Sector Analysis:The Indian healthcare industry is growing rapidly, driven by increasing demand for medical services, rising incomes, and expanding medical insurance coverage. Yatharth Hospitals is positioned to benefit from this growth, especially in urban and semi-urban areas. ⏺️ Strengths: Strong Profitability Ratios: Both ROCE and ROE are impressive, reflecting efficient operations and shareholder returns. ⏺️ Signalling Growth Potential: With no dividend payouts, the company is focused on reinvestment and expansion, signalling aggressive growth plans. ⏺️ Valuation Concerns: While the company shows strong operational metrics, the high P/E ratio suggests the market is pricing in significant growth. Investors should monitor quarterly earnings to ensure growth expectations are met. ⏺️ Risk Factors: High valuation could lead to short-term volatility if earnings do not meet market expectations. Rising competition in the healthcare sector and regulatory risks (like price caps on services) could impact margins. ⏺️Trade Plan Positional: For traders, a breakout above ₹692.25 with volume provides an opportunity for a quick rally toward ₹795.60. Maintain a stop-loss at ₹578.80 to minimize risk. ⏹️ Long-Term: The company has strong fundamentals and operates in a growing sector, making it a promising long-term investment. However, given its high valuation, investors should ideally wait for dips or monitor quarterly results to ensure consistent performance before making significant allocations. Overall market is sell on the rise and bearish. So risk management is the key.
NSE:YATHARTHLong
by sagartharayil
Eyes on Life Insurance Corporation of India (LICI)!!!This idea highlights a potential buying opportunity in Life Insurance Corporation of India (LICI). Key observations: - The stock has experienced a 28% decline from its recent high, entering a key support zone. - The Stochastic Oscillator is below 20, indicating oversold conditions and the possibility of a reversal. Trade setup: - Entry: ₹895 - Stop Loss: ₹856 (below the support zone to limit risk) - Take Profit: ₹1194 (targeting a significant rebound) This setup combines price action, support zones, and oversold signals to identify a high-probability long trade. Always perform your due diligence and risk management before entering a trade.
NSE:LICILong
by Shivam_Mandrai
BLBD 25 Dec 2024in.tradingview.com H2FY25 EV Units: The company anticipates selling 1,000 to 1,300 EV units, with most sales expected in the second half of the fiscal year. The midpoint of this range is 1,150 EV units, a substantial increase over the 700 EVs expected for FY24. This represents a more than 60% increase in EV deliveries. FY25 Stable Pricing: The company anticipates stable pricing, supported by its ability to implement price increases and manage costs. They implemented a price increase of $3,500 per bus for orders received after October 1, 2024. Alternative Fuel Leadership: Blue Bird is the sole provider of propane-powered school buses, offering a unique advantage. They also hold a strong position in the EV market, with a growing number of buses on the road.
NASDAQ:BLBDLong
by sirajrasul
Technical trading for traderTechnical trading is the practice of using price-based trading strategies to make short-term trades. It relies heavily on technical analysis, which uses past and current data to identify trends in the market. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:IGLEducation
by SkyTradingZone
2
Learn option trading with us The seller (or writer) of options accepts the obligation to buy or sell should the purchaser exercise their right. U.S. investors can trade options on a wide range of financial products—from individual stocks or stock exchange-traded funds (ETFs) to indexes, foreign currencies and more The process for how to learn stock options trading is quite simple. You need to immerse yourself in educational resources, and then put what you've learned to practice. But – what we recommend is to practice with paper trading before you actually spend real money on options.
NSE:BANKNIFTYEducation
by SkyTradingZone
4
SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close. The following support and resistance levels have been identified for SBIN: Support Levels: S1: ₹823.90 S2: ₹813.15 S3: ₹804.87 Resistance Levels: R1: ₹841.70 R2: ₹848.75 R3: ₹858.27 These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:SBINLong
by EmpireCrown
INDUSINDBK Support & ResistanceAs of December 24, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹935.30, reflecting a decrease of 0.51% from the previous close. The following support and resistance levels have been identified for INDUSINDBK: Support Levels: S1: ₹924.45 S2: ₹907.75 S3: ₹875.00 Resistance Levels: R1: ₹940.65 R2: ₹948.15 R3: ₹955.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:INDUSINDBKLong
by EmpireCrown
Nifty 50 Support & ResistanceAs of December 24, 2024, the Nifty 50 Index closed at 23,587.50. The following support and resistance levels have been identified for the Nifty 50: Support Levels: S1: 23,500 S2: 23,400 S3: 23,300 Resistance Levels: R1: 23,700 R2: 23,800 R3: 23,900 These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:NIFTYLong
by EmpireCrown
TATAMOTORS Support & Resistance As of December 24, 2024, Tata Motors Limited (TATAMOTORS) closed at ₹736.10, marking an increase of ₹13.90 (1.92%) from the previous close. The following support and resistance levels have been identified for Tata Motors: Support Levels: S1: ₹729.30 S2: ₹713.10 S3: ₹706.72 Resistance Levels: R1: ₹752.10 R2: ₹757.00 R3: ₹770.00 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:TATAMOTORSLong
by EmpireCrown
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close. The following support and resistance levels have been identified for RELIANCE: Support Levels: S1: ₹1,217.98 S2: ₹1,213.22 S3: ₹1,205.43 Resistance Levels: R1: ₹1,229.27 R2: ₹1,238.32 R3: ₹1,243.08 These levels are derived from various technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:RELIANCELong
by EmpireCrown
AXISBANK Support & ResistanceAs of December 24, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,078.90, reflecting a slight decrease of 0.02% from the previous close. The following support and resistance levels have been identified for AXISBANK: Support Levels: S1: ₹1,075 S2: ₹1,071 S3: ₹1,066 Resistance Levels: R1: ₹1,084 R2: ₹1,089 R3: ₹1,093 These levels are derived from technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:AXISBANKLong
by EmpireCrown
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close. The following support and resistance levels have been identified for ICICIBANK: Support Levels: S1: ₹1,290 S2: ₹1,283 S3: ₹1,276 Resistance Levels: R1: ₹1,304 R2: ₹1,312 R3: ₹1,319 These levels are derived from technical analyses, including pivot point calculations and moving averages. Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:ICICIBANKLong
by EmpireCrown
BPCL Support & ResistanceAs of December 24, 2024, Bharat Petroleum Corporation Limited (BPCL) closed at ₹289.10, reflecting a slight increase of 0.02% from the previous close. The following support and resistance levels have been identified for BPCL: Support Levels: S1: ₹285.10 S2: ₹280.07 S3: ₹275.65 Resistance Levels: R1: ₹292.00 R2: ₹295.50 R3: ₹298.67 These levels are derived from various technical analyses, including pivot point calculations and moving averages. MUNAFASUTRA Please note that support and resistance levels are dynamic and can change based on market conditions. It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
NSE:BPCLLong
by EmpireCrown
Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then. FIIs have sold more than 1.3 lakh crore of equity in last 40 days. Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension. On the downside:- Below 23900, I am expecting at least 23300 which is near the trendline support. On the upside:- 24300, 24800 & 25000 would act as a strong resistance. Current view is sideways to bearish till 25000 is breached on weekly closing basis Till then, market will remain on sell at high.
NSE:NIFTY
by chartistamey
Nifty Intraday Analysis for 24th December 2024NSE:NIFTY Index closed near 23755 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 124.17 Lakh 23800 Strike – 67.11 Lakh 24900 Strike – 53.40 Lakh Put Writing 23500 Strike – 101.17 Lakh 23700 Strike – 53.90 Lakh 23800 Strike – 47.69 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th December 2024NSE:BANKNIFTY Index closed near 51320 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 30.38 Lakh 51500 Strike – 30.35 Lakh 52500 Strike – 25.81 Lakh Put Writing 51000 Strike – 24.98 Lakh 50000 Strike – 22.35 Lakh 50500 Strike – 13.40 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA