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Support and Resistance

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
KIMS Trading Between Key Support and Resistance LevelsKrishna Institute of Medical Sciences (KIMS) is currently trading within a defined range, with key support levels at 707 and 684. These support zones may act as a cushion, preventing further downside if the price dips. On the upside, the stock is facing resistance at 798. A breakout above this level could signal bullish momentum, while a breakdown below the support levels may lead to further weakness. Traders should watch these levels closely for potential trading opportunities based on price action and volume behavior.
BSE:KIMS
by vaman1909
Punjab Chemicals and Crop cmp 1510 by Weekly Chart viewPunjab Chemicals and Crop cmp 1510 by Weekly Chart view - Support Zone 1380 to 1450 Price Band - Resistance Zone 1560 to 1630 Price Band - Volumes spiked heavily today by demand based buying - Bullish Head & Shoulders followed by Bullish Rounding Bottom patterns - Resistance Zone neckline hurdle crossing needed for fresh upside breakout momentum - Falling Resistance Trendline Broken and Rising Support Trendline sustained indicates good bullishness
BSE:PUNJABCHEM
by PIYUSHCHAVDA