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Support and Resistance

GBP Analysis for Potential Buy or Sell Entry Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it. Plan: 1. If the market price finds support at the POI Zone: Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases). Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions. 2. If the POI Zone fails as support: Wait for the price to retrace back towards the POI zone, testing it as resistance. Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move. --- Key Reminder: Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
Long
by dkrajkumar90
Nifty Intraday Analysis for 25th October 2024NSE:NIFTY Index closed near 24400 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 77.75 Lakh 24500 Strike – 59.27 Lakh 24400 Strike – 36.05 Lakh Put Writing 24500 Strike – 59.72 Lakh 24000 Strike – 54.39 Lakh 24400 Strike – 48.85 Lakh Index has resistance near 24550 – 23650 range and if index crosses and sustains above this level then may reach near 24850 - 25950 range. Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 25th October 2024NSE:BANKNIFTY Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 24.40 Lakh 52500 Strike – 20.27 Lakh 51500 Strike – 14.12 Lakh Put Writing 51000 Strike – 20.25 Lakh 51500 Strike – 18.29 Lakh 50500 Strike – 11.30 Lakh Index has resistance near 51900 – 52100 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 25th October 2024NSE:CNXFINANCE Index closed near 23855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24100 Strike – 5.23 Lakh 24000 Strike – 4.26 Lakh 23900 Strike – 4.17 Lakh Put Writing 23700 Strike – 3.79 Lakh 23800 Strike – 3.32 Lakh 23600 Strike – 3.21 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 25th October 2024NSE:NIFTY_MID_SELECT Index closed near 12570 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12700 Strike – 11.18 Lakh 12800 Strike – 10.57 Lakh 12600 Strike – 10.14 Lakh Put Writing 12400 Strike – 9.91 Lakh 12500 Strike – 9.41 Lakh 12300 Strike – 7.30 Lakh Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range. Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12150 – 12100 range.
N
by RKMAURYA
BankNifty levels - Oct 28, 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 - Oct 28, 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
Pre Market Analyisis NIFTY 50- 15 oct24Market Analysis NIFTY 50-  25 oct 24 - NIFTY opening 24418 , immediate Support -  24380 - CP + PSY  & yellow trendline will also act as support , Below this 24350 -PDL  for breakdown if not sustains (but a very strong support area) RESISTANCE-  24400 itself - Pivot- if sustains can continue bulish till Resistance 1 +PDH - 24488  , also to watch out this level for rejection and downmove continuation , Bullish above this  #NIFTY #niftyanalysis #nifty50 #niftyprediction  #banknifty #stockmarket #marketanalysis  #nifty scalping  #niftyview #niftyscalping  #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BankNifty Intraday Support & Resistance Levels for 25.10.2024On Thursday, BankNifty opened on a positive note, hit a low of 51,201.85 and climbed to a high of 51,781.55 before closing at 51,531.15, gaining 292 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. BankNifty Demand/Support Zones: Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 BankNifty Supply/Resistance Zones: Far Supply/Resistance Zone (5m): 52,143.55 - 52,257.30 Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50 Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10 Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 25.10.2024On Thursday, Nifty opened flat, made a high of 24,480.65 and a low of 24,341.20 within the first hour of trading. The rest of the session saw Nifty move in a narrow range of 60-70 points, closing at 24,399.40, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. The key Demand and Supply zones are unchanged from the previous post. Nifty Demand/Support Zones: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Nifty Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545
NSE:NIFTY
by PriteshPal
BANKNIFTY - 25th October!Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.
NSE:BANKNIFTYLong
by thetradeforecast
1
[BULLISH] NIFTY intraday key levels for 25-10-2024Considering the structure formed only daily TF, it has grabbed liquidity and closed inside the yesterday's range. Will be looking for a market structure shift closing above today's high can be considered as bullish momentum. After MSS, will look out for any imbalance/fair value gap/breaker block/order block for an entry with recent swing low or previous candle low as SL. Wont be interested if price moves towards downside and closes below today's low.
NSE:NIFTYLong
by S_u_n_i_l
jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services is currently trading near a strong support level at ₹305. If the stock sustains above this zone, it could present a great buying opportunity! Support Zone 1 - 305 - SL- 300 Support Zone 2 - 285 - SL - 280 Stop Loss Set at ₹300 if the stock closes below this level. For long-term investors, this stock is a must-have in your portfolio! It shows solid fundamentals and potential for growth.
NSE:JIOFINLong
by manojshinde27