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Support and Resistance

ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up. Technical Confirmations: Trendline Break Ascending Triangle Breakdown Lower Lows Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility) Target : Open/Mentioned. STOP Loss : 1275/Swing High How do you find this analysis? Follow for more actionable trade ideas like this! Happy Trading !!
NSE:ICICIBANKShort
by Vikrant_Mighty
4
Bitcoin Analysis: Shakeout or Rally? Let's Read The Chart!The Crypto market is buzzing with speculations right now! Some believe that the recent fall in Bitcoin was nothing more than a shakeout, and a massive rally is just around the corner. Meanwhile, there’s news floating around that the federal government has sold a huge chunk of BTC and plans to sell even more. But here’s the thing: financial markets don’t run on speculations, and news usually hits the market after the action is already done. So, let’s forget the noise and get straight to the business of reading what the chart is telling us. Before we dive into the analysis, ask yourself this: What kind of trader are you? When you invested in the market, did you have a plan? Was it a short-term play (swing trade) or a long-term investment? For Long-Term Investors If you’re a long-term investor, there’s no need to worry. The trend for Bitcoin is still bullish on the daily time frame. What we’re seeing now is just a corrective move, and this is how price behaves—it moves in waves. Every dip is an opportunity. The next key buying zone for long-term investors lies between 70500 - 74000, a level that hasn’t been tested since the breakout on 6th Nov 2024. So, be patient and let the price come to you. For Short-Term Investors If you’re a short-term investor, this analysis is specifically for you. Currently, Bitcoin’s price has been moving consistently upward over the last few hours. It has even broken out of the last lower high. However, let’s not get carried away just yet. There are multiple resistance zones above, and it won’t be an easy ride for the buyers. These zones offer an opportunity for sellers who missed the chance to short from the top. The real turning point for buyers will be the 0.618 Fibonacci level. Once this level breaks and the price sustains above it, we might see buyers gaining confidence to push the price higher. Also, don’t forget to check out my detailed analysis of the Ethereum chart.
BINANCE:BTCUSD
by khanrafat20
trading optionOptions 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. Options trading is the practice of buying or selling options contracts. These contracts are agreements that give the holder the choice to buy or sell a collection of underlying securities at a set price by a specific date. Investors can, but don't have to, own the underlying security to purchase or sell an option
NSE:HDFCBANKEducation
by SkyTradingZone
3
Option Chain part 2 An option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:UNIONBANKEducation
by SkyTradingZone
3
option and database in trading An option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock. 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.
BSE:SENSEXEducation
by SkyTradingZone
3
technical analysisTechnical analysis is a method of evaluating the potential future performance of a stock by examining past market data, primarily price, and volume. This method aims to identify patterns, trends, and signals within the data to assist traders in forecasting future price movements. Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
NSE:NIFTYEducation
by SkyTradingZone
3
Price action trading In simple words, ' Price Action Trading is a trading technique in which a trader reads the market and makes subjective trading decisions based on the price movements, rather than relying on technical indicators or other factors. Price action strategies can be highly profitable when applied correctly. Many traders, both beginners and experienced traders, prefer this method because it simplifies decision-making by focusing on price behavior rather than relying on technical indicators, often providing conflicting price action signals.
NSE:NIFTYEducation
by SkyTradingZone
3
Option Chain in trading An option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:NIFTYEducation
by SkyTradingZone
3
Nifty Intraday Analysis for 10th January 2025NSE:NIFTY Index closed near 23525 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 43.13 Lakh 23800 Strike – 34.42 Lakh 23700 Strike – 28.87 Lakh Put Writing 23000 Strike – 31.17 Lakh 23500 Strike – 26.31 Lakh 23600 Strike – 24.72 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 23450 – 23400 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTY
by RKMAURYA
technical trading ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future. Technical Trades programs offer hands-on training, practical skills development, and industry-specific knowledge. These programs are designed to equip students with the technical skills and knowledge needed to enter the workforce directly after completion of their training.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Banknifty Intraday Analysis for 10th January 2025NSE:BANKNIFTY Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 16.90 Lakh 50000 Strike – 10.97 Lakh 50500 Strike – 7.06 Lakh Put Writing 49000 Strike – 12.17 Lakh 50000 Strike – 11.40 Lakh 49500 Strike – 7.72 Lakh Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range. Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 44500 - 48400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 10th January 2025NSE:CNXFINANCE Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.70 Lakh 23700 Strike – 0.63 Lakh 23400 Strike – 0.46 Lakh Put Writing 23000 Strike – 1.55 Lakh 23100 Strike – 0.33 Lakh 23200 Strike – 0.32 Lakh Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 23300 - 23350 range. Index has immediate support near 22950 – 22900 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 10th January 2025NSE:NIFTY_MID_SELECT Index closed near 12480 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12600 Strike – 3.19 Lakh 12700 Strike – 2.77 Lakh 12500 Strike – 2.52 Lakh Put Writing 12500 Strike – 4.73 Lakh 12600 Strike – 2.40 Lakh 12700 Strike – 2.26 Lakh Index has immediate resistance near 12600 – 12650 range and if index crosses and sustains above this level then may reach 12750 – 12800 range. Index has immediate support near 12350 – 12300 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Database in trading Price Data: Real-time and historical prices of stocks, commodities, and currencies. Volume Data: Details on traded quantities within specific timeframes. Order Book Data: Insights into buy and sell orders at different price levels. Market Timestamps: Precise timing of trades and market events. Postgres is an open-source production-ready database with lots of use cases. Mongo is a NoSQL alternative that can sometimes be much faster than SQL databases. Arctic is built upon Mongo to make it even more helpful for those who work with market data, as Arctic supports pandas dataframes and NumPy arrays by default
NSE:NIFTYEducation
by SkyTradingZone
3
BankNifty levels - Jan 13, 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
2
Nifty levels - Jan 13, 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
HBL Engineering: Key Support LevelsHBL Engineering is currently at a strong support level, sitting on a trendline, which could indicate a potential bounce. The stock has declined 22% from its all-time high, making it an interesting option for investors. Fundamental Points for HBL Engineering (2024): Market Capitalization: Approximately ₹6,500 crore. P/E Ratio: Around 48.4, indicating a premium valuation. Return on Equity (ROE): Strong at 23.01%, reflecting excellent profitability. Revenue Growth: Impressive annual growth of 62.39%, outperforming historical averages. Low Interest Expense: Less than 1% of operating revenues spent on interest, indicating financial efficiency. With solid fundamentals and current pricing near key support levels, HBL Engineering may present a viable opportunity for investors.
NSE:HBLENGINE
by DragonFly-Trading
Engineers India: Key Support LevelsEngineers India is currently at a strong support level, and a confirmation of a strong close over the next day could indicate a potential bounce. The stock is positioned well, and if it maintains this support, it may present a buying opportunity. Fundamental Points for Engineers India (2024): Market Capitalization: Approximately ₹10,160 crore. P/E Ratio: Around 27.66, suggesting a moderate valuation. Return on Equity (ROE): Approximately 13.5%, indicating reasonable profitability. Dividend Yield: About 1.65%, providing some income to investors. Recent Performance: The stock has seen fluctuations, with a 52-week range of ₹170 to ₹304. With solid fundamentals and current pricing near key support levels, Engineers India may be an attractive option for investors looking for potential rebounds.
NSE:ENGINERSIN
by DragonFly-Trading