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Support and Resistance

Nifty Week AheadNSE:NIFTY Marked Major Support and Resistance for Nifty Week Ahead. Currently Trading Between 50 and 200 DEMA, with a P/E of 22.30 down 8.10% from ATH. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:NIFTYShort
by Karanshah137
EGLDUSDT: Breakout Imminent or Breakdown Risk?Yello, Paradisers! Is EGLDUSDT gearing up for a big breakout or are we in for another setback? Let’s dive into the technicals to see what's at play. 💎EGLDUSDT has recently formed a descending triangle pattern accompanied by bullish divergence, showing promising signs with a W-shaped bounce from the support zone. But here’s the key: if EGLDUSDT can break above the resistance trendline of this descending triangle and breach the immediate resistance zone, the probability of a significant bullish move rises sharply. 💎However, we can’t ignore the possibility of a retracement. In such a case, it’s wise to watch for a bounce from the support zone. To confirm this potential move, keep an eye out for a bullish I-CHoCH (internal change of character) in lower time frames—this will increase the odds in our favor. It’s also essential to monitor BTC’s price action for added context and better strategic decisions. 💎On the flip side, should the price break down and closes candle below the support zone, it would invalidate our bullish thesis. In this scenario, patience is key—it’s best to step back and wait for clearer price action before re-entering. 🎖 Remember, disciplined analysis and strategy make all the difference. Stay sharp, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Banknifty Intraday Analysis for 08th November 2024NSE:BANKNIFTY Index closed near 51915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 21.11 Lakh 52500 Strike – 18.74 Lakh 52000 Strike – 14.27 Lakh Put Writing 52000 Strike – 14.86 Lakh 51500 Strike – 8.93 Lakh 51000 Strike – 8.28 Lakh Index has resistance near 52400 – 52500 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
NSE:BANKNIFTYLong
by RKMAURYA
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 53.54 Lakh 24200 Strike – 30.15 Lakh 24400 Strike – 24.48 Lakh Put Writing 24200 Strike – 27.03 Lakh 23500 Strike – 24.51 Lakh 24000 Strike – 23.55 Lakh Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Nifty levels - Nov 11, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Midnifty Intraday Analysis for 08th November 2024NSE:NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 12.36 Lakh 12600 Strike – 11.73 Lakh 12700 Strike – 10.01 Lakh Put Writing 12600 Strike – 10.42 Lakh 12500 Strike – 8.40 Lakh 12300 Strike – 8.38 Lakh Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
NLong
by RKMAURYA
Finnifty Intraday Analysis for 08th November 2024NSE:CNXFINANCE Index closed near 23965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 7.07 Lakh 24200 Strike – 6.51 Lakh 24300 Strike – 4.36 Lakh Put Writing 23900 Strike – 4.28 Lakh 23500 Strike – 3.85 Lakh 24000 Strike –3.35 Lakh Index has resistance near 24250 - 22300 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Support & Resistance Levels for 08.11.2024On Thursday, Nifty opened flat, climbed to a high of 24,503.35, and then slid, ignoring the 15m Demand Zone and reaching a low of 24,179.05. It closed at 24,199.35, down by 284 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. As we've mentioned in earlier posts, it’s a “Sell on Rise” market until a positive trend shift occurs. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Far Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
#XAUUSDContinue to increase or maintain the adjustment momentum.Market analysis for XAUUSD trading on November 8, 2024: The trading session on Thursday rebounded strongly after a previous drop of 100 points. However, the possibility of gold prices still adjusting downward remains as Mr. Donald Trump is elected and implements new policies. The USD may rise significantly, putting pressure on gold prices to decrease. Today's trading trend: BUY scalp (hold SELL). Key price levels to watch: SELL zone: 2718 - 2725 and 2743 - 2748. BUY zone: 2676 - 2681, 2664 - 2669, and 2632 - 2637. Recommended orders: Plan 1: SELL XAUUSD zone 2723 - 2725 SL 2728 TP 2720 - 2710 - 2700 - 2680 - 2640 Plan 2: SELL XAUUSD zone 2743 - 2745 SL 2748 TP 2740 - 2730 - 2700 - 2640. Plan 3: BUY XAUUSD zone 2635 - 2637 SL 2632 TP 2640 - 2650 - 2660 - 2670.
TVC:GOLD
by ifjugapt
Bearish trend in Nifty(Weekly) (In Hindi)NSE:NIFTY On Indices analysis, we are looking at some of the top Indices at the weekly level. It is clearly visible that Nifty is on the bearish side and holding at key support. The next key support could be 23,500. Last week's bearish candle somewhat engulfed the previous bullish candle, confirming the downtrend. The rest of the other Indices are also looking at a downward trend with a few exceptions like IT, Pharma & Metal, which have made a double top pattern for a trend reversal.
NSE:NIFTYShort
by Saket_Ojha
LTCUSDT: Will This Bullish Setup Ignite a Rally or Fade Away?Yello, Paradisers! Are you ready for what’s brewing in LTCUSDT? 👀 💎LTCUSDT is signaling potential bullish momentum, displaying a bullish Change of Character (CHoCH), a Break of Structure (BOS), breakout of resistance trendline, and the formation of an inverse head and shoulders pattern. These are key indicators suggesting a potential upward move that can't be ignored. 💎If LTCUSDT manages to break out of the current resistance zone, it would enhance the likelihood of a continued bullish push, effectively validating the current pattern. 💎However, should we see a retracement, we could anticipate a bounce from the support zone. To improve the probability on our side, looking for a bullish internal CHoCH on lower timeframes will be critical. Additionally, monitoring BTC’s price action will provide added confirmation and insights. 💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish scenario. In that case, the best course of action is to remain patient and wait for more compelling price action to form. Trade smart and stay disciplined, Paradisers. Remember, solid analysis and strategy always outshine impulsive decisions. This is how you win in the long game. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BankNifty levels - Nov 11, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
page industries falling wedge and long consolidation Hi guys, you can see page has fallen from 54349 to 33070 a decent correction and market leader in textiles(under garments) i think next sector will be textiles however page is at very discount price and downside is very limited can see faling wedge refer the above image for other time frames and can expect all time high in long term also after long donwtrend back uptrend disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk :)
NSE:PAGEINDLong
by techno_funda_guy
BankNifty Intraday Support & Resistance Levels for 08.11.2024On Thursday, BankNifty opened flat, hit a high of 52,377.25, and then declined to a low of 51,752.25. It closed at 51,916.50, down by 400 points from the previous close. Both the Weekly and Daily trends (50 SMA) remain sideways, signalling a cautious approach. Demand/Support Zones Near Support (30m): 50,900.10 - 51,230.85 Key Support (15m): 50,382.10 - 50,485.15 Major Support (Daily): 49,654.65 - 49,959.25 Deep Support: 49,282.65 (61.8% FIBO) Extended Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 52,232.35 - 52,396.50 Major Resistance (Daily): 52,817.80 - 53,235.25 Extended Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
#NIFTY50 - 7TH NOVEMBER!!NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Ps note: I'm not SEBI Registere 🙏🏻
NSE:NIFTYShort
by thetradeforecast
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