Get started

Support and Resistance

Nifty levels - Feb 12, 2025Nifty 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
BankNifty levels - Feb 12, 2025Utilizing 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
Sensex - expiry day analysis Feb 11Price gave bearish momentum in morning season and consolidated in afternoon session. This consolidation may give good movement if price gains strength tomorrow. Buy above 77500 with the stop loss of 77400 for the targets 77600, 77680, 77760, 77900 and 78020. Sell below 77300 with the stop loss of 77400 for the targets 77200, 77120, 77040, 76900, 76880, 76720, 76600 and 76520. Always do your own analysis before taking any trade. Expected expiry day range is 76000 to 78000.
BSE:SENSEX
by vanathi
2
Divi's Laboratories - Stable PerformerTopic Statement: Divi's Laboratories has shown resilience amidst the broad market correction, with stable price movements and potential for accumulation near the 180-day moving average. Key points: 1. Company reported a profit growth of 64% QoQ for the third quarter. 2. Price broke down from the up-trending channel, transitioning into a sideways pattern. 3. Strong resistance is present at the 6000 level. 4. The stock repeatedly approaches the 180-day moving average, presenting a good buying opportunity.
NSE:DIVISLABLong
by yogeshwar
Bharti Airtel-Will it breakout and sustain?📊 Bharti Airtel Chart Analysis – Bharti Airtel is trading in an upward channel but recently fell out of it and started forming a base. The stock is at a critical juncture, currently near its 50 DMA, with volume building up. This suggests the potential for a breakout or breakdown, depending on broader market conditions and price action. 🎯 Trading Plan: 📌 EarlyEntry Zone: ₹1,710.50 (small quantities recommended initially). 📌 Stop Loss (SL): ₹1,501.90 (closing basis) – ~12.2% below the entry. 📌 Prtial booking/Fresh Entry: ₹1,777.30 (~3.9% gain from entry). 📌 Positional Target): ₹2,104.40 (~23% gain from entry). 📌 Risk-to-Reward (R:R): 1:1.8 (approx.). ✨ Why This Setup? 📈 Trend Potential: Stock is trading above key DMAs (50, 200) despite the broader bearish market, highlighting its relative strength. 🏛️ Volume Support: Gradual volume accumulation near the 50 DMA indicates potential institutional interest. 📉 Downside Risks: The stock is against the overall bearish trend, increasing the chances of breakout failures in these market conditions. 🛡️ Risk Management: Entering in small quantities reduces risk, especially when the broader market is trending Lower High, Lower Low (LH LL). ⚠️ Risks to Consider: Market Trend: The broader market remains bearish, with weak sentiment and no structural change yet. Breakout Failure: Many breakouts in current conditions tend to retrace 10-20% brutally, shaking out weak hands. 💡 Tips for Trading This Setup: Partial Profits: Once the entry is triggered, consider booking partial profits along the way. Trailing SL: Use a trailing stop loss to lock in gains if the stock starts moving in your favor. Position Sizing: Keep position sizes small to manage risks effectively. Wait for Confirmation: Safe players should wait for the broader market to stabilize above 50 and 200 DMA and structure to shift to Higher High, Higher Low (HH HL). 📝 Educational Takeaway: Stocks like Bharti Airtel, which are among the least affected in a bearish market, can outperform once the market stabilizes. However, in current conditions, the probability of breakout failures is high, so it’s essential to follow risk management and avoid aggressive positions. 🚀 Stay Disciplined and Trade Smart! 📢 Disclaimer: This analysis is for educational purposes only and does not constitute financial or investment advice. Please conduct your own research and consult a certified financial advisor before making any trading decisions. Trading and investing involve risks, and past performance is not indicative of future results.
NSE:BHARTIARTLLong
by sagartharayil
Banknifty Intraday Analysis for 10th February 2025NSE:BANKNIFTY Index closed near 50160 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 51000 Strike – 12.82 Lakh 50500 Strike – 8.57 Lakh 50000 Strike – 7.34 Lakh Put Writing 49000 Strike – 13.98 Lakh 50000 Strike – 10.67 Lakh 49500 Strike – 6.15 Lakh Index has resistance near 50700 – 50800 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range. Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 48900 - 48800 range.
NSE:BANKNIFTY
by RKMAURYA
Nifty Intraday Analysis for 10th February 2025NSE:NIFTY Index closed near 23560 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 84.81 Lakh 23800 Strike – 69.18 Lakh 23600 Strike – 57.51 Lakh Put Writing 23000 Strike – 41.82 Lakh 23200 Strike – 40.27 Lakh 23500 Strike – 37.78 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
NSE:NIFTY
by RKMAURYA
Finnifty Intraday Analysis for 10th February 2025NSE:CNXFINANCE Index closed near 23540 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 23500 Strike – 0.67 Lakh 24000 Strike – 0.64 Lakh 23700 Strike – 0.46 Lakh Put Writing 23000 Strike – 0.59 Lakh 23500 Strike – 0.58 Lakh 23600 Strike – 0.38 Lakh Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23900 - 23950 range. Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23150 – 23100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 10th February 2025NSE:NIFTY_MID_SELECT Index closed near 12010 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 12500 Strike – 5.49 Lakh 12000 Strike – 4.41 Lakh 12200 Strike – 2.31 Lakh Put Writing 11500 Strike – 5.63 Lakh 11800 Strike – 3.68 Lakh 12000 Strike – 3.34 Lakh Index has immediate resistance near 12175 – 12225 range and if index crosses and sustains above this level then may reach 12350 – 12400 range. Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700– 11650 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Feb 11, 2025Nifty 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
BankNifty levels - Feb 11, 2025Utilizing 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
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights Cup and Handle & Inverse Head and Shoulders: Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240. 📊 Technical Levels Entry: ₹238–₹240 (Breakout Level) Stop Loss: ₹181 (24% below, on a daily closing basis) Target: ₹340 (~42% upside, positional/medium-term) Risk-Reward Ratio: ~1:1.75 🕵️‍♂️ Observations 1️⃣ The stock is trading within an ascending channel, forming higher lows. 2️⃣ It's below its 52-week high but not correcting much during this bearish phase. 3️⃣ The channel top may act as a key resistance. 4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures. 5️⃣ Volume confirmation will be crucial for a breakout. ⚠️ Risks to Consider Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness. Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market. Earnings Season: Quarterly results are around the corner, which could bring surprises. 📌 Why Risk Management Is Key Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls. Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved. 🏁 Conclusion Trade cautiously: Position size, risk management, and patience are your best tools here. If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out. For Beginners: Avoid this trade for now. Add it to your watchlist and observe. ✨ Final Thoughts Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation. 🔍 Disclaimer This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
NSE:REDINGTONLong
by sagartharayil
Axis Bank Outlook For SwingHello friends hope you all are doing well and trading well, so let's talk about the weekly chart of Axis Bank today which is not a trading idea but if you want to take a trade in it then maybe you can get some help from the view I am sharing. So first of all I would like to tell you that in the last working day we saw a big fall in the share price due to the quarterly results presented by the company but if we talk about the technical setup here then as you can see that the price has almost come to the demand zone so in such a situation we can expect a bounce from here and for this we all should follow our respective time frames and our respective setups. I have also plotted Fibonacci retracement and 200 day moving average on this chart which is an important level supporting the support zone, both are free indicators provided by Tradingview you can use in your trades too. If there is confirmation of bounce on any setup then we can keep a target of 10 to 15 percent for this bounce and can also set our stop loss accordingly. So I will share my trade active target and stop loss in the next update. Best Regards- Amit.
NSE:AXISBANKLong
by AMIT-RAJAN
3
Sensex - Weekly review Feb 11 to Feb 14Price was moving in a descending triangle which is bearish. Price have to break the channel and sustain above 78200 zone to gain bullish strength. Buy above 78020 with the stop loss oh 77920 for the targets 78120, 78200, 78320, 78460, 78600, 78720, 78840, 78960 and 79120. Sell below 77800 with the stop loss of 77900 for the targets 77700, 77580, 77460, 77320, 77200, 77060, 76900, 76780, 76640 and 76460. Do your own analysis before taking any trade.
BSE:SENSEX
by vanathi