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Support and Resistance

Nifty Trading near to support zone, reversal setup in nifty!Hello Traders! After opening weak and testing previous support zones, Nifty is now showing signs of intraday recovery. The zone around 24,660–24,620 has acted as demand earlier, and once again buyers seem to be stepping in from the same level. If this recovery sustains, there’s a good opportunity on the call side. Here’s the exact trade setup I’m following today. Trade Setup: Instrument: Nifty 24600 CE – 7th August Expiry Current Price: 175 Add More: Around 150–155 Stop Loss: 130 Targets: 200 / 228 / 260++ Risk Management Notes: Position Sizing: Avoid large positions, this is an intraday recovery trade SL Discipline: Follow stop loss strictly if price fails to hold Disclaimer: This is not a buy or sell recommendation. Trade shared for educational purpose only. Please follow your own analysis and risk management before taking any trade.
NSE:NIFTYLong
by TraderRahulPal
1
Sumitomo Chemical | Positional Swing Setup with Dynamic SLA strong setup is forming in Sumitomo Chemical with bullish c price action and trend indicators. Entry can be been initiated at current levels with small quantity with a stop-loss placed at ₹570 on a weekly closing basis. No fixed targets. This is a trailing stop-loss-based position aimed at capturing a sustained trend move. Add-on Zone: If the price retests the support near the ₹630 level (previous structure/support), more quantity will be added as part of a pyramiding strategy, provided broader market structure remains bullish. Indicators Used for Trailing SL & Confirmation: ADX & DI , RSI Levels Exit Criteria: Weekly close below ₹570 (hard stop) Note: This is a disciplined, structure-based swing trade with optional pyramiding. Avoid impulsive exits; trail stop-losses logically based on trend indicators.
NSE:SUMICHEMLong
by internal_0rgan
2
Route Mobile Bottomed-out for Highest UpsideMy Stock View and Opinion: Double-bottom pattern identified, Huge upside potential as enterprise communication continues to evolve globally. Strategic Moves: 1) Successful integration with global CPaaS major Kaleyra, unlocking access to 100+ countries and Tier-1 enterprise clients. 2) Backed by Proximus Group (Belgium), enhancing global reach and enterprise credibility. 3) Collaboration with Nokia to deliver secure, carrier-grade CPaaS services to telecom operators globally. Strong execution capabilities, strategic partnerships with global telecom leaders, scalable SaaS-driven model, and growing demand for digital engagement platforms position Route Mobile for sustained multi-year growth.
BSE:ROUTELong
by Jeevyog
NIFTY 50 Intraday Review – July 31, 2025 | V-Shaped Reversal📉 NIFTY 50 Intraday Review – July 31, 2025 | V-Shaped Reversal & Weak Close 📅 Date: July 31, 2025 📍 Timeframe: 5-minute Heikin Ashi 📈 Indicator Used: RSI (18, 60-40-20 zones) ⚠️ Key Highlights: Gap-down open near 24,699 due to macro news: U.S. announced 25% tariffs on Indian goods. Intraday low at 24,635, marking a sharp early fall as sentiment was hit by FII selling pressure. Market staged a strong V-shaped recovery, peaking at 24,956.50 — almost +300 pts from the low. From 1:15 PM, profit booking set in and Nifty lost over 180 pts from its high. Closed at 24,768.35, still down 86.70 pts (-0.35%) for the day. 🔍 Technical Observations: RSI (18): Early RSI drop to ~20.31 (oversold zone) triggered bounce. Midday RSI surged above 68, showing strength in recovery. By EOD, RSI dropped back to ~20 — hinting bearish divergence. Heikin Ashi candles: Strong green candles till early afternoon confirm trend strength. Series of red candles post-1:30 PM confirms profit-booking / weak close. 📊 Levels to Watch – August 1, 2025 Support Zone Resistance Zone 24,735 / 24,635 24,890 / 24,960 If the index fails to reclaim 24,800+ quickly in the next session, we may see a bearish continuation. Otherwise, a bounce toward 24,900 remains on the cards. 💡 Trading Bias: 🟠 Cautious Bearish Monitor early session RSI & price action. No long positions unless 24,800 is reclaimed. 📌 #Nifty50 #IntradayAnalysis #HeikinAshi #RSI #PriceAction #FIIoutflow #IndiaMarkets
NSE:NIFTYShort
by ajayekka002
Nifty will fall to its 200 WMA at 20,308Nifty's Impulse Wave started in June 2022 at 15,123 and completed Wave 5 in September 2024 at 26,269 (Orange lines and levels on chart). The chart is perfect with Wave 3 hitting 1.618 fib and Wave 5 hitting 2.618 fib. Note that Wave 4 was exceptionally quick. It then started an ABC correction wave (Blue on chart). Wave A completed in April at 21,712 (038 fib) and Wave B in June 2025 at 24,854. What's next? Wave C, of course! Wave Cs typically trace back to 0.5 fib to 0.68 fib and the 200 WMA is conveniently sitting right between them at 20,308 (red line) - and that's a solid support for the ABC correction to end.
NSE:NIFTYShort
by sohumm
I sense Positive Consolidation. Nifty May go higherPrice action displayed by nifty today can be considered as positive consolidation. Positive consolidation is where after consolidation price will give a breakout, not breakdown. Why do i say it is Positive consolidation? Price action interpretation says that if after breakout, price consolidates within the length of resistance candle, more importantly in upper wick of the candle if its an inverted hammer, then it means that price is not giving up the seller's territory. If price is not giving up seller's territory, then it signifies buyer's strength, thus potentially the trend will be won by buyers, This is my interpretation. I am though new to the study of this price action. Tomorrow we will see if it works.
NSE:NIFTYLong
by fvs99
1