Get started

Support and Resistance

Potential upcoming reversal for IndusInd bank IndusInd bank has recently had a breakout from a strong consolidation zone. The MACD indicator and the RSI indicator currently show great bullish potential for this stock as well. IndusInd is also currently at a strong tested level of support at 976, and thus could continue moving upwards with a potential target of 1256. There is also a chance that IndusInd continues its original move to the downside, in this case it is likely that IndusInd will continue moving downwards, hit a very strong support level at 797 and then reverse to upside once again. I am not a sebi registered advisor, this idea is posted for educational purposes only.
NSE:INDUSINDBK
by shayaanthewise
Dow Jones: Ready for a Bull Run?! Dow Jones is testing critical levels as it approaches a descending trendline. With strong support below and bullish momentum building, the question remains—will it break out for a rally or face resistance again? Key levels: 1. Resistance Zones: - 43,400.00 - 43,346.03 - 43,063.60 2. Support Levels: - 42,815.04 - 42,450.00 - 42,229.91 3. Current Setup: - The price is moving within a defined structure and testing the trendline resistance. - A successful breakout above the trendline could signal the start of a bullish run. - On the flip side, rejection at the resistance might lead to a retest of lower support zones. How to Trade This: - Bullish Strategy: - Watch for a breakout above 43,063.60 with strong volume. - Targets: 43,346.03 and 43,400.00. - Stop Loss: Below 42,815.04. - Bearish Strategy: - If the price gets rejected near 43,063.60, consider short positions. - Targets: 42,815.04 and 42,450.00. - Stop Loss: Above 43,063.60. Bottom Line: Dow Jones is at a critical juncture. A breakout could lead to a significant upward rally, while failure to clear the trendline resistance may bring the price back into its support range. Stay alert and trade the breakout or rejection based on confirmation! 📈📉 DJ:DJI BLACKBULL:US30 DJ:DJI TVC:DJI
DJ:DJILong
by thetradeforecast
1
MegaSoft On the verge of a breakout!#Megasoft. ⚠️Risky bet Technical. - Trying to break out of a prolonged consolidation. -Closed right below a previous resistance. -The past few trading sessions price has been moving up with increased volume forming bullish candles. 🟢Entry Above-108. 🟢SL- Short term- 96- closing basis. 🟢SL-Positional,- 83, is very deep so trade very light. 🟢Target 1(Positional)- 138 🟢Target 2(Positional)- 185 Fundamentally Very Weak. Extreme caution should be exercised. The recent diversification might help them improve the fundamentals and it might be reflecting on the chart. Brief about the Company. Megasoft Limited, established in 1994 and headquartered in Hyderabad, India, operates primarily in the IT consulting and outsourcing industry. The company has recently diversified into sectors such as pharmaceuticals, defence, and manufacturing. Corporate Restructuring: Megasoft has redefined its business focus to include pharmaceuticals, defence, and manufacturing, indicating a strategic shift towards these sectors. Open Offer: Sri Power Generation (India) Private Limited made an open offer to acquire equity shares of Megasoft, signaling potential changes in the ownership structure. Megasoft Limited is undergoing a strategic transformation by diversifying into new sectors. While the company has reported an increase in net profit and EPS, challenges remain, as indicated by certain financial ratios. Investors should monitor the company's restructuring efforts and their impact on financial performance in the coming years. #TradingSignals #stocktobuy
NSE:MEGASOFTLong
by sagartharayil
Nifty analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Technical trading Technical traders analyze price charts to attempt to predict price movement. The two primary variables for technical analysis are the time frames considered and the particular technical indicators that a trader chooses to utilize. ​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.
NSE:KOTAKBANKEducation
by SkyTradingZone
3
how to be professional traderEducation: Begin with a solid foundation in finance, economics, or a related field. Many traders benefit from a formal university degree, which helps them understand complex financial concepts and market dynamics. Understand Market Fundamentals: Knowledge of fundamental analysis is crucial. While some traders have been successful in becoming millionaires through scalping trading, many others have lost money and blown up their trading accounts. It is important to note that trading carries significant risks, and traders should only trade with money they can afford to lose.
NSE:ICICIBANKEducation
by SkyTradingZone
3
ADX: The Trend Strength Indicator Average Directional Movement Index The Average Directional Movement Index, or ADX, is a popular trend indicator designed to measure the moving average of price range expansion values. Developed by Welles Wilder, it's one part of the Directional Movement System which aims to measure price movements and their strength. What is the ADX? The average directional movement index is calculated to reflect the expansion, or contraction, of the price range of a security over a period of time. The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Anant Raj Ltd- Broke out of consolidation.📊 Stock: Anant Raj Ltd. 📅 Timeframe: Daily Chart 🚀 Breakout Alert! Key Observations: Breakout Zone: The price has recently broken out of a consolidation range (highlighted in the green box). The breakout appears clean with a strong bullish candle, indicating upward momentum. Entry Point: The suggested entry level is marked at ₹874.90 (highlighted with a dashed purple line above the breakout zone). The stock currently trades near this level, suggesting the breakout is still actionable. Stop-Loss (SL): The stop-loss level is set at ₹693.25 (on a closing basis), below the consolidation range, providing a safety margin if the breakout fails. SL is Deep so position sizing is key. Trend Indicators: The 50-day moving average (green line) and the 200-day moving average (yellow line) are sloping upward, signalling a strong bullish trend. Price remains significantly above both these levels, affirming bullish dominance. Volume Analysis: A visible spike in volume during the breakout suggests strong participation from market participants, adding reliability to the upward move. Target Levels: Though not explicitly marked, potential target levels could be extrapolated using Fibonacci extensions or prior resistance levels. The upward purple dashed lines may indicate rough target zones. Analysis: Risk-Reward Ratio: Assuming a target at ₹950 or above, the risk-reward ratio appears favourable considering the SL is at ₹693.25. Bullish Sentiment: The clean breakout with high volume is a strong bullish signal. The consolidation before the breakout adds strength to the move, as it represents accumulation. Strategy Recommendation: Entry: Enter above ₹874.90 if today's close sustains above this level. Stop-Loss: ₹693.25 (strictly on a closing basis). Targets: Short-term: ₹950 Medium-term: ₹1,000 or more, depending on broader market conditions. Monitor volume closely! -A continuation of rising volume will add confidence to this breakout. -Price pulling back with huge volume is a cause for concern. And remember the market is bearish. So please position size and manage risk properly. Do not scale everything in one go. It is better to trade light. If you are new to the market it is better to sit in the sidelines and watch until we get a clarity.
NSE:ANANTRAJLong
by sagartharayil
4
Saga Near Support resistanceSaga is near support level after falling sharply and i am expecting to bounce back since it's near Support level. it will be a short duration trade Currently it's in channel and if it breaks and after pull back sustains the momentum then i can expect a target of 1.3440 ( If it sustanins) i am also bearing in mind that previous trend is bearish so every opputunity of rise in price may actually be a selling oppurtunity...so have to be cautious Above is soley for my own learning and my own notes....
by LSN_86
Database TradingResults show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution. Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and there's often a lot of trading between 9:30 a.m. and 10 a.m. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.
NSE:NIFTYEducation
by SkyTradingZone
3
Option and Database Trading A binary option is a type of options in which your profit/loss depends entirely on the outcome of a yes/no market proposition: a binary options trader will either make a fixed profit or a fixed loss. 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.
NSE:HDFCBANKEducation
by SkyTradingZone
3
Relative Strength Index (RSI) IndicatorTo use the RSI indicator, check if the value is above 70 to show an asset is overbought, or below 30 to show it is oversold. Traders can use these signals to find possible trading opportunities. The relative strength index (RSI) is an indicator used in technical analysis to determine overbought and oversold conditions, which provides traders with buy and sell signals (when to enter and exit positions). Values above 70 indicate overbought conditions and those below 30 indicate oversold conditions.
NSE:NIFTYEducation
by SkyTradingZone
3
the way to clear your trading journeyThe 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades The mindset of instant gratification will not work in the stock market. You will need to be patient and be ready to work hard. For learning swing trading, it takes at least 6 months and for intraday trading, at least a year.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Beginner To Advance trading What you'll learn Make profits in intraday. Stock market concepts and workings explained from very basic level. Learn powerful day trading strategies. Learn a step by step approach of how to trade in intraday. Trend Following (Wealth Generation) Learn the art of minimizing the risk and maximizing the return. The 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades
NSE:NIFTYEducation
by SkyTradingZone