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Support and Resistance

BankNifty levels - Dec 18, 2024Utilizing 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
Nifty levels - Dec 18, 2024Nifty 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
Technical concepts in trading 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. 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:BANKNIFTYEducation
by SkyTradingZone
Positive Momentum for Maruti SuzukiMaruti Suzuki is currently trading above a significant support level of ₹10,948 and is forming a triangle pattern. A breakout from this formation could lead to a bounce from these levels, potentially reaching the target of ₹13,530. Traders may consider entering at ₹10,942, with a minimum stop-loss placed slightly below the support zone at ₹10,660. Fundamental Analysis of Maruti Suzuki for December 2024 Sales Performance: Maruti Suzuki sold 181,531 units in November 2024, with a significant portion coming from domestic sales. Discount Offers: Year-end discounts are available across various models, enhancing customer incentives and potentially increasing footfall in dealerships. Model Popularity: The Alto K10 and Swift are among the best-selling models this month, contributing to Maruti's strong market presence.
NSE:MARUTI
by DragonFly-Trading
Dr Reddys Laboratories Ltd view for Intraday 17th Dec #DRREDDY Dr Reddys Laboratories Ltd view for Intraday 17th Dec #DRREDDY Resistance 1280 Watching above 1283 for upside movement.. . Support area 1250 Below 1265 ignoring upside momentum for intraday Support 1250 Watching below 1247 or downside movement... Resistance area 1280 Above 1265 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:DRREDDYLong
by EmpireCrown
Ramco Cements Ltd view for Intraday 17th Dec #RAMCOCEM Ramco Cements Ltd view for Intraday 17th Dec #RAMCOCEM Resistance 1055-1060 Watching above 1283 for upside movement... Support area 1040 Below 1060 ignoring upside momentum for intraday Support 1040 Watching below 1035 or downside movement... Resistance area 1055-1060 Above 1050 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:RAMCOCEMLong
by EmpireCrown
Oberoi Realty Ltd view for Intraday 17th Dec #OBEROIRLTY Oberoi Realty Ltd view for Intraday 17th Dec #OBEROIRLTY Resistance 2280 Watching above 2283 for upside movement... Support area 2230 Below 2250 ignoring upside momentum for intraday Support 2230 Watching below 2225 or downside movement... Resistance area 2280 Above 2250 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:OBEROIRLTYLong
by EmpireCrown
XAUUSD continues its short-term uptrendXAUUSD is trading in a narrowing triangle pattern. The short-term trend has failed to break through the support level of 2645 in multiple attempts and is showing signs of a potential rebound. You can wait for a BUY signal based on my view or wait for a breakout from the triangle pattern and a close above 2659. When that happens, we can look to buy at 2569 or 2655, with a stop-loss of 5 points for each level. Our target will be to reach back to the 2670 level. Good luck! Follow me
OANDA:XAUUSDLong
by Homnaytradegi
MAZDOCK BREAKOUT ! 🔍 Technical Analysis Highlights: Breakout Formation: Price is testing the breakout zone (~₹5,041), signaling bullish momentum. Volume Confirmation: Increasing volume indicates strong buyer interest. EMA Support: The stock is trading above both the 21-day and 50-day EMAs, confirming bullish strength. Bullish Trend: The stock has shown strong recovery from lows, forming higher highs and higher lows. 📊 Trading Setup Current Price: ₹5,030.65 EMA Levels: 21-Day EMA: ₹4,647.27 (Blue Line) 50-Day EMA: ₹4,452.96 (Purple Line) ✅ Entry Point Buy above ₹5,041 (recent breakout zone). 🎯 Target Target 1: ₹5,555 (near resistance level and marked profit area). 🛑 Stop-Loss Place SL at ₹4,858.70 (recent swing low). ⚙️ Risk/Reward Ratio Risk/Reward ratio is favorable, with clear upside potential and minimal downside risk.
NSE:MAZDOCKLong
by piyushr401
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