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Support and Resistance

Sensex - Expiry day analysis Aug 19Today price opened gap up and faced resistance at the 81800 zone and fell down. The 81800 zone is a strong resistance, and the 80700 zone is strong support. Price can move within this range if it does not gain strength. Price has formed a descending triangle pattern and also looks bearish. Buy above 81500 with the stop loss of 81380 for the targets 81600, 81720, 81880, 81980, 82100, and 82240. Sell below 81180 with the stop loss of 81320 for the targets 81060, 80920, 80840, 80700 and 80580. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
2
Adani Ports Maintains Bullish Momentum, Nears Resistance at Key Topic Statement: Adani Ports is riding strong bullish momentum after rebounding from a key retracement level, now approaching stiff resistance near a distribution zone. Key Points: 1. The stock retraced up to the 50% Fibonacci level and has since moved up to the 23.6% level, showing renewed strength 2. Price faces stiff resistance at the 1500 mark as it enters a known distribution zone 3. The stock rarely trades below the 200-day EMA, and such dips have historically offered excellent accumulation opportunities
NSE:ADANIPORTS
by yogeshwar
Metropolis Healthcare: A Confluence of Bullish Signals?I've had Metropolis Healthcare NSE:METROPOLIS on my radar for a bit, and what I'm seeing now is a technical setup that's hard to ignore. It’s one of those charts where a few different analytical approaches all seem to be pointing in the same direction—a confluence that always gets my attention. The Key Level I'm Watching The price is currently pulling back into a well-defined Rally-Base-Rally (RBR) demand zone on the daily chart. For those who follow institutional order flow, these zones are significant. They often represent the 'footprints' of smart money—areas where large players stepped in and likely left a trail of unfilled buy orders. Now, here’s where it gets interesting. This isn’t just any demand zone floating in space. It lines up almost perfectly with a prior resistance level that was recently broken. This is a textbook example of the polarity principle —old resistance flipping to become new support. It’s a powerful combination. What really strengthens this setup for me is the volume signature. Look at the volume on this pullback. It’s been steadily declining, which suggests sellers are losing steam. This isn't aggressive, panicked selling; it looks more like a healthy breather before a potential move higher. 🔍 Putting It in a Broader Context To really appreciate this setup, we have to zoom out a little. After a significant downtrend bottomed out around what looks like April, the stock went into a long consolidation phase that lasted for months, from late February into early July. This sideways action built a solid foundation where accumulation was likely taking place. In early July, we finally saw a decisive breakout from that range on heavy, convincing volume . That action signaled a potential shift in the larger trend, and this current pullback looks like the first classic retest of that breakout area. 📝 My Takeaway 📝 So, when you pull all these threads together, you get a compelling picture. It's not about one single indicator, but how they all align. A High-Probability Zone: We have a fresh demand zone overlapping perfectly with a classic support/resistance flip level. Volume Confirmation: The initial breakout happened on strong volume, while the current pullback is on weak volume—exactly what bulls want to see. Favorable Risk/Reward: From a trade management perspective, an entry near this level offers a clear-cut location for a stop-loss just below the zone, creating a potentially attractive risk-to-reward profile. The setup gets you in the game, but risk management is what lets you stay in it. Of course, no setup is a sure thing. The market can and will do whatever it wants, and any zone can fail. That's why a disciplined stop-loss is non-negotiable for any position built around this idea. This is purely my analysis for educational discussion; it's not a formal trading recommendation. I am not a SEBI registered analyst, so please do your own homework before making any financial decisions.
NSE:METROPOLISLong
by AfnanTAjuddin
Gold Plan 18/08 – Captain VincentBackground For the past two days, Gold has repeatedly tested the 3332 – 3334 zone and slipped down to 3323, showing that buyers at this level are losing strength. The broader trend still leans bullish, but the market is heavily influenced by geopolitics and news events: 📰 US–Russia preparing for a new round of Ukraine talks (15 Aug, Alaska). 🌐 Trump’s tariff stance remains unclear, adding volatility to Gold. 💵 Fed is likely to cut 25bps in September, keeping Gold in “defensive but ready to break out” mode. ➡ With this backdrop, today’s plan requires flexibility: Buy with trend, Sell scalp at key resistances. 1. Buy Scalp – Quick Boarding 🚤 Entry: 3324 – 3326 SL: 3320 TP: 3328 → 3332 → 3336 → 33xx Note: Only suitable for quick scalps, avoid holding longer. 2. Main Buy Zone – Safe Harbor ⚓ Entry: 3313 – 3311 SL: 3304 TP: 3314 → 3319 → 3325 → 3330 Meaning: This is the main launchpad for buyers if price corrects deeper. 3. Sell Scalp Zone – Storm Breaker 🌊 Entry: 3366 – 3377 SL: 3383 TP: 3362 → 3355 → 33xx Meaning: Short-term resistance, ideal for quick reaction sells. 4. Main Sell Zone – Watchtower ⛩ Entry: 3396 – 3394 SL: 3402 TP: 3390 → 3385 → 3380 → 33xx Meaning: Strong resistance zone, highly likely to trigger a bearish reaction. If broken, Gold may extend further into 34xx. Today’s Scenarios If price dips to 3324 – 3326 → Quick Buy Scalp. If price drops deeper → Prefer to Buy at Safe Harbor (3313 – 3311). If price rises to 3366 – 3377 → Short-term Sell Scalp. If price tests 3396 – 3394 → Stronger Sell, this is the main resistance. Captain’s Note: "The Gold ship still sails North ⚓ today, but each time it hits Storm Breaker 🌊 or Watchtower ⛩, the sails will drop for a quick strike before retreating. Waves from Trump–Putin headlines and the Fed’s next move may stir up rough seas. Remember, mates: better to miss one trade than let the waves sink the ship." 🏴‍☠️
OANDA:XAUUSD
by CaptainVincent
M&M Short term Swing trade with 1:3.5 RRIf Nifty holds its current level of 24,600 and is not bearish for next two-three trading sessions then there are high chances that this setup will work and buyers will take control in M&M. It is a supply & demand + Trend + Liquidity Trap based setup. The setup looks good but the only concern is the overall market sentiment so take your risk accordingly. Good Risk to Reward for first Target is 1:3.5 Let me know if you have any questions or doubts. Happy to help! Gaurav.
NSE:M&MLong
by gauravxtrades
SBIN looking bullish on the weekly charts. (18/08/2025)State Bank of India is trading around the resistance zone after convincingly breaking the trendline and taking support from the weekly moving averages. The stock has closed at 826.55 this week gaining 2.77% week on week. If the stock starts trading above 833, there are chance of it travelling till 860 levels in the coming month. SBIN has posted good result as well. Major resistance :- 833, 865 Entry :- Above 833 SL :- Below 818 The stock looks bullish on the daily and the weekly charts. Wait for the stock to close above the resistance levels on the daily chart frame.
NSE:SBIN
by TheMamboMomentum
Nifty weekly review Aug 18 - Aug 22The price was consolidating in a narrow range over the past two days. The range of 24600 to 24700 has become a zone of resistance. A decisive move is needed to form a trend. Price has formed a bull flag pattern, and below 24500, this pattern becomes invalid. Buy above 24720 with the stop loss of 24670 for the targets 24760, 24820, 24860, 24900, 24960, 25000, and 25080. Sell below 24480 with the stop loss of 24530 for the targets 24440, 24400, 24340, 24280, 24200, and 24120. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
2