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Support and Resistance

Nifty levels - Jan 20, 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
SW Solar, Trendline Breakout. Risky Proposition!!🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable) Entry & Stop Loss (SL): 🟢Entry: ₹478.00 🔴Stop Loss (SL): ₹402.10 (on a closing basis) 📊Targets: T1: ₹530.90 T2: ₹608.05 T3: ₹639.00 Positional Long-Term Target: ₹761.80 - ₹790.00 All-Time High (ATH): ₹830.20 Setup Overview: Trend: Downtrend. Now showing signs of a trendline breakout. Moving Average Position: Trading below the 50 and 200 DMA Volume: Huge volume spike today, signalling possible accumulation Earnings: Posted good results today Risk Considerations: Risk Level: High Counter-trend trade with the stock still in a downtrend. Below 50 DMA and 200 DMA, indicating overall bearish sentiment. Reasons for Risk Level: The stock is currently against the primary trend (downtrend). Significant resistance levels need to be broken for sustained upward movement. Notes: While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend. Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis. 🛑Disclaimer: This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
BSE:SWSOLARLong
by sagartharayil
Advance divergence Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum. Traders use divergence to assess the underlying momentum in the price of an asset, and for assessing the likelihood of a price reversal. For example, investors can plot oscillators, like the Relative Strength Index (RSI), on a price chart.
NSE:KOTAKBANKEducation
by SkyTradingZone
Nifty Intraday Analysis for 16th January 2025NSE:NIFTY Index closed near 23215 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23300 Strike – 148.59 Lakh 23200 Strike – 115.58 Lakh 23500 Strike – 114.98 Lakh Put Writing 23200 Strike – 139.24 Lakh 23000 Strike – 115.46 Lakh 23100 Strike – 80.16 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 233400 - 23450 range. Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 16th January 2025NSE:BANKNIFTY Index closed near 48750 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 18.17 Lakh 49000 Strike – 13.16 Lakh 49500 Strike – 9.28 Lakh Put Writing 48000 Strike – 13.94 Lakh 49000 Strike – 10.45 Lakh 48500 Strike – 8.52 Lakh Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range. Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47700 - 47600 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 16th January 2025NSE:CNXFINANCE Index closed near 22680 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 1.20 Lakh 22700 Strike – 0.64 Lakh 23750 Strike – 0.47 Lakh Put Writing 22500 Strike – 0.95 Lakh 22600 Strike – 0.53 Lakh 22800 Strike – 0.48 Lakh Index has resistance near 22900 - 22950 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range. Index has immediate support near 22550 – 22500 range and if this support is broken then index may tank near 22400 – 22350 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 16th January 2025NSE:NIFTY_MID_SELECT Index closed near 12135 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 2.93 Lakh 12300 Strike – 2.81 Lakh 12200 Strike – 2.30 Lakh Put Writing 12000 Strike – 7.95 Lakh 12100 Strike – 2.78 Lakh 11800 Strike – 2.21 Lakh Index has immediate resistance near 12275 – 12325 range and if index crosses and sustains above this level then may reach 12400 – 12450 range. Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800 – 11750 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Nifty levels - Jan 17, 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 - Jan 17, 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
Technical Analysis of Chola Finance (CHOLAFIN) - Daily Chart: Technical Analysis of Chola Finance (CHOLAFIN) - Daily Chart: Chola Finance on the Move! Are You Watching? After a steep correction from ₹1700, CHOLAFIN is now bouncing back from its strong support at 1150! The bulls are showing signs of life, and the volume suggests something BIG might be brewing! Key Levels to Watch: ▲ Resistance: 1320 ▾ Support: 1150 What's Next?: Breakout or Breakdown? Keep an eye on 1320 for a bullish confirmation or 1250 for any weakness!#CHOLAFIN
NSE:CHOLAFINLong
by EmpireCrown
NIFTY50 Pre-Market Analysis for 16 Jan Nifty #NIFTY50 Pre-Market Analysis for 16 Jan Nifty Key Insights: 1. Huge Gap-Up Opening: GiftNifty indicates a significant gap-up opening. 2. Sideways Movement: The chart shows sideways movement, indicating both buyers and sellers are present. 3. _Market Respecting Support: Market is taking our personally drawn support, which can lead to a continuation of the upside rally. Market Scenario: 1. Stay on Buying Side: Try to stay on the buying side, but with caution. 2. Be Aware of Changing Market Conditions: Remember that market situations can change rapidly, so trade accordingly. Trading Strategy: 1. Trade with Proper Confirmation: Avoid trading based on Fear of Missing Out (FOMO). 2. Monitor Market Movement: Keep a close eye on market movement to adjust your strategy. 3. Stay Disciplined_: Stay disciplined and patient, even in volatile market conditions. Important Reminders: 1. _One Trade Per Day: Focus on making one well-planned trade per day. 2. Stay Focused_: Stay focused and avoid impulsive decisions. Chart Highlights: Review the marked points on the chart to better understand the market scenario. Stay cautious, stay disciplined, and trade wisely!
NSE:NIFTYLong
by EmpireCrown
Lecture for option trader Hammer & Hanging Man Patterns + Examples. 5min video. Put Options: Buying vs. Selling. 3min video. "Bread & Butter" Iron Condor Rules, POPs and Visuals. 4min video. Instruments to trade Volatility. 10min video. Strike Price - ITM ATM OTM. 7min video. You can get started trading options by opening an account, choosing to buy or sell puts or calls, and choosing an appropriate strike price and timeframe. Generally speaking, call buyers and put sellers profit when the underlying stock rises in value. Put buyers and call sellers profit when it falls.
NSE:NIFTYEducation
by SkyTradingZone