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Support and Resistance

Britannia Industries: Strong Support at Long-Term TrendlineBritannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors. Fundamental Points for Britannia Industries (2024) Market Capitalization: Approximately ₹1,19,229 crore. P/E Ratio: Around 55.96, indicating a premium valuation. Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability. Dividend Yield: About 1.48%, providing consistent income to investors. Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.
NSE:BRITANNIA
by DragonFly-Trading
Tips is at a Support Level. Watch for long opportunities. Observations: Fundamentally decent. Now at a support Zone and bouncing. Wait for the entry to trigger. Could add small quantity for long term. Entry Point:Marked at 741.40, indicating the suggested level to enter the trade. Stop Loss (SL):Marked at 660, specifying the maximum acceptable loss for the trade. Targets:T1: Around 902.35. T2: Around 947.80. These indicate the levels where you may consider booking profits. ⚠️We are trading against the trend. Please keep that in Mind. Risk management is the key. This is not a financial advise. Chart shared only for educational purposes. Potential Scenarios: The price could:Move up toward the target levels (bullish scenario). Revisit the stop-loss zone or continue downward (bearish scenario). Strategy: Bullish Outlook:If the price breaks above 741.40 with good volume, it could move toward the first target. Bearish Outlook: If the price closes below the 660.00 stop-loss level, exit to prevent further losses.
NSE:TIPSMUSICLong
by sagartharayil
Nifty Support and Resistance Levels for 15th Jan WedenesdayNifty key levels:- Resistance :- 23260-23275 If sustains above resistance long for the targets of 23300,23350,23400. Support :-23150 If sustains below support short for the targets of 23100,23075,23000. In between support and resistance avoid trading or trade extremes of resistance and support look for rejections on those levels to play reversals. Educational purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
BankNifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, BankNifty opened gap-up as expected, made a low of 48,235.20, and rallied to a high of 49,007.35 during the session. It closed at 48,729.15, gaining an impressive 688 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,175.30 - 49,358.15 Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 Outlook If BankNifty sustains 15m Demand zone, it could test 49,200 in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, as anticipated, Nifty opened gap-up, dipped to a low of 23,134.15, and rallied to a high of 23,264.95, narrowly missing the supply zone by 10 points. However, it retraced back to near its low and closed at 23,176.05, gaining 90 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Outlook If the 30m demand zone holds firm, Nifty may attempt to reach 23,400 or even 23,500 in the upcoming sessions.
NSE:NIFTY
by PriteshPalan
HDFCAMC's Strong Growth Amid Oversold ConditionsTopic Statement: HDFCAMC reported a stellar 30.8% QoQ growth for the third quarter, with its price correcting during the recent market downturn, now oversold as it approaches crucial support at 3600. Key Points: 1. Reported 30.8% QoQ growth for Q3. 2. Price corrected in the recent market downturn. 3.Trading under the 180-day moving average, making it oversold. 4. MFI is below 30, indicating oversold conditions. 5. Approaching crucial support at 3600.
NSE:HDFCAMCLong
by yogeshwar
SBI CARD!! READY TO SWIPE ?? NSE:SBICARD The company specializes in issuing credit cards to consumers across India. Over the last five years, it has achieved impressive profit growth at a CAGR of 22.7%. Additionally, the increasing presence of sales representatives in malls promoting SBI Cards is expected to drive further sales growth. Considering these factors, a long position can be taken with a stop loss of ₹40. Technical Analysis: A Bullish Engulfing Pattern has formed at a key support level (visible on both the daily and weekly charts). The stock is near a trendline and appears poised for a breakout, especially if market sentiment shifts from bearish to bullish. Entry: 735-740 range or 750 CE (next month expiry) to avoid volatility. Target: Short-term swing trading and long-term targets are highlighted in the chart. Stop Loss: 695 (on a closing basis) Feel free to share your thoughts on my analysis! Happy Trading!
NSE:SBICARDLong
by Vikrant_Mighty
GBP/USD 4H Chart Analysis: Potential Market MovementIn this analysis, I'm presenting a potential price action forecast for GBP/USD on the 4-hour timeframe. The chart highlights a combination of technical patterns and key price levels to anticipate future market behavior. Here are the details of the setup: Market Context: The pair is currently trading within a clear bearish trend, as shown by the recent lower lows and lower highs. The sell zone aligns with a key resistance level, suggesting a potential area for bearish continuation. Projection and Scenarios: Blue lines outline two potential paths for market movement: Bullish retracement: Price might push higher to test the identified resistance area around 1.2440 before reversing downward. Bearish continuation: Following the retracement, the market could resume the downtrend, targeting the support levels near 1.2265 and 1.1900. Technical Zones: Resistance Area: 1.2440, highlighted as the probable turning point. Support Levels: 1.2265 (short-term) and 1.1900 (major target). The green zone marks potential retracement before price continuation. Risk Management: Traders should watch for price action confirmation near the resistance area before entering short positions. Stop losses should be placed above the resistance zone to minimize risk. Indicators and Confluence: The chart reflects a clear structure, with previous price reactions adding confluence to the identified zones. Conclusion: This setup offers a well-defined risk-to-reward opportunity for those aligning with the trend. Remember to use proper risk management and wait for confirmation before taking any trades.
Short
by lordthemb
Sensex - Jan 14 expiry day analysisWe had a nice down trend today. May be it will lead to range movement tomorrow. Anyhow let us plan the trade. Range move is possible in the zone 76200 to 76400. Price have to sustain above 76500 to be bullish. Buy above 76540 with the stop loss of 76420 for the targets 76640, 76740, 76860, 76980 and 77120. Sell below 76260 with the stop loss of 76360 for the targets 76160, 76040, 75920, 75800, 75680, 75540 and 75400. Do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd. 📎Chart Pattern: Ascending channel with a recent pullback. ✅Key Levels:Entry: ₹380.35 ✅Target (T1): ₹423.10 ✅Stop Loss (SL - Closing Basis): ₹344.70 📎 Observations: ✅Stock is consolidating within a rising channel and has bounced from its lower trendline. ✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum. ✅RSI and volume remain aligned with the uptrend. 📎Risk-Reward: It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity. ⚠️Overall Market sentiments are weak and we are trading against the trend. Disclaimer: This analysis is for educational purposes only, not financial advice.
NSE:FSLLong
by sagartharayil
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
NSE:IGLEducation
by SkyTradingZone