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Support and Resistance

"CREDITACC: Reversal in the Making? Key Levels to Watch!""📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past. 🔍 Here's why this is exciting: Trendline Support: The stock is respecting a multi-year ascending trendline. Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268. Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation. 🚨 Key Levels: Support: 860-870 Resistance: 1,015 | 1,268 💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807." #SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
NSE:CREDITACCLong
by TraderChhabra
BIOCON Support & Resistance Here are the support and resistance levels for Biocon Limited (NSE: BIOCON) based on recent market data: Support Levels: ₹349 - ₹350: Immediate support, where buyers have recently shown interest. ₹341 - ₹345: A critical short-term support zone observed from previous trading sessions. ₹325 - ₹330: Stronger support level based on historical price action. ₹300 - ₹305: Psychological and long-term support zone. Resistance Levels: ₹356 - ₹358: Immediate resistance, indicating selling pressure. ₹374 - ₹375: A significant short-term resistance observed from past highs. ₹390 - ₹395: Strong resistance near the 52-week high. ₹400+: Psychological resistance, where profit booking could occur if breached.
NSE:BIOCONLong
by EmpireCrown
TCS Support & Resistance As of January 1, 2025, Tata Consultancy Services Limited (TCS) is trading at ₹4,114.10, reflecting a 0.47% increase from the previous close of ₹4,094.40. Support and Resistance Levels: Daily Support: ₹4,009.48 Daily Resistance: ₹4,117.38 Short-term Support: ₹4,153.41 Short-term Resistace: ₹4,315.60 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Technical Indicators: Pivot Points: Standard Pivot Point: ₹4,145.82 Camarilla Pivot Point: ₹4,088.93 Fibonacci Pivot Point: ₹4,145.82 These pivot points can help identify potential reversal levels during intraday trading. Analyst Insights: According to , TCS is currently in a negative trend. They suggest that if you are holding short positions, continue to hold with a daily closing stop loss of ₹4,176. Fresh long positions can be initiated if TCS closes above ₹4,176 levels. Support levels are identified at ₹4,038, ₹3,981, and ₹3,930, while resistance levels are at ₹4,146, ₹4,197, and ₹4,254.
NSE:TCSLong
by EmpireCrown
ZOMATO Support & Resistance As of January 1, 2025, Zomato Limited (NSE: ZOMATO) is trading at ₹278.85, reflecting a 0.31% increase from the previous close of ₹278. Support and Resistance Levels: Daily Support: ₹275.95 Daily Resistance: ₹297.75 Short-term Support: ₹275.07 Short-term Resistance: ₹287.26 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Recent Performance: 52-Week High: ₹304.50 52-Week Low: ₹121.70 Market Capitalization: ₹252,051.3 crore Over the past year, Zomato's share price has appreciated by approximately 123.33%, significantly outperforming the Nifty index's rise of 8.75% during the same period. Analyst Insights: The consensus among analysts is a 'Buy' rating, with a median price target of ₹320.00, suggesting a potential upside of about 15.11% from the current market price. Highest Target Price: ₹375.00 Lowest Target Price: ₹130.00
NSE:ZOMATOLong
by EmpireCrown
AXISBANK Support & ResistanceTo determine the support and resistance levels for Axis Bank (AXISBANK), we analyze recent price action, key technical indicators, and historical price levels. Here’s an assessment based on the data: Support Levels ₹1,058-₹1,060: This range represents the recent intraday low and a critical level where buyers have previously shown interest. ₹1,040-₹1,045: A strong support level observed from prior consolidation zones. ₹995-₹1,000: The 52-week low, acting as a major support zone. Resistance Levels ₹1,070-₹1,075: A near-term resistance where selling pressure has been observed during intraday trades. ₹1,100-₹1,105: A psychological barrier and previous short-term peak. ₹1,125-₹1,130: A critical resistance level seen in past price movements. ₹1,339-₹1,340: The 52-week high and a long-term resistance point. These levels are dynamic and may shift with new market data or significant trading volumes. If you'd like detailed technical charts or indicators for a precise breakdown, let me know!
NSE:AXISBANKLong
by EmpireCrown
Pre Market analysis for 01/01/2025 Pre Market analysis for 01/01/2025 #NIFTYBANK If market opens flat and breaks 51000 level, will plan for buying for target 51400 level. If market opens gap down, and breaks 50700 will plan for selling for target 50400. Wait for 15min candle close below level. If market opens gap up, and sustains above 51000 level, then plan for buying for target 51400. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:BANKNIFTYLong
by EmpireCrown
HDFCBANK Support and Resistance LevelsAs of January 1, 2025, HDFC Bank Limited (NSE: HDFCBANK) is trading at ₹1,773.42. Support and Resistance Levels: Daily Support Levels: Support 1: ₹1,769.23 Support 2: ₹1,757.22 Support 3: ₹1,748.83 Daily Resistance Levels: Resistance 1: ₹1,785.43 Resistance 2: ₹1,789.62 Resistance 3: ₹1,797.43 These levels are derived from pivot point calculations and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend.
NSE:HDFCBANKLong
by EmpireCrown
BAJFINANCE Support & Resistance As of January 1, 2025, Bajaj Finance Limited (NSE: BAJFINANCE) is trading at ₹6,850.00, reflecting a 0.73% increase from the previous close of ₹6,800.00. Support and Resistance Levels: Daily Support Levels: Support 1: ₹6,783.53 Support 2: ₹6,745.27 Support 3: ₹6,698.53 Daily Resistance Levels: Resistance 1: ₹6,868.53 Resistance 2: ₹6,915.27 Resistance 3: ₹6,953.53 These levels are derived from the classic pivot table and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend
NSE:BAJFINANCELong
by EmpireCrown
BankNifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, BankNifty opened gap-down, reaching a low of 50,599.80 and a high of 50,945.55. It traded within a narrow range throughout the session and closed at 50,860.20, losing 92 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (current price within the zone) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested) Outlook BankNifty continues to stay under selling pressure, with the current price hovering within the daily demand zone. A decisive break below 49,787 could signal further downside. ✨ Wishing everyone a Happy and Prosperous New Year 2025! ✨
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, Nifty opened gap-down, re-entering the 75-minute demand zone, and made a low of 23,460.45. It bounced back to touch a day high of 23,689.85 but closed flat at 23,644.80, losing just 0.10 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's bounce from the demand zone highlights strong buyer interest at lower levels. However, resistance near 23,915.35 remains a key hurdle. A sustained move above this level could open doors for higher targets, while failure to hold above 23,263 may invite further selling pressure. ✨ Wishing everyone a happy and prosperous New Year 2025! ✨
NSE:NIFTY
by PriteshPalan
NSE Option Chain Significance of NSE Option Chain Offers a glance at the in-the-money (ITM) and out-the-money (OTM) options. It proves useful for assessing the depth and liquidity of specific strikes. It aids traders to find option premium against its corresponding maturity date and strike price. 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:NIFTYEducation
by SkyTradingZone
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment. High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
NSE:NIFTYLong
by SkyTradingZone
Nifty Intraday Analysis for 31st December 2024NSE:NIFTY Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 93.65 Lakh 23800 Strike – 66.94 Lakh 23900 Strike – 58.10 Lakh Put Writing 23000 Strike – 64.44 Lakh 23200 Strike – 61.76 Lakh 23500 Strike – 47.95 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 31st December 2024NSE:BANKNIFTY Index closed near 50955 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 13.25 Lakh 51500 Strike – 8.19 Lakh 51000 Strike – 5.66 Lakh Put Writing 51000 Strike – 8.99 Lakh 51500 Strike – 8.88 Lakh 50000 Strike – 7.32 Lakh Index has resistance near 51400 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 31st December 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 20.35 Lakh 23800 Strike – 13.23 Lakh 23900 Strike – 9.73 Lakh Put Writing 23400 Strike – 8.77 Lakh 23200 Strike – 8.19 Lakh 23300 Strike – 7.45 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 31st December 2024NSE:NIFTY_MID_SELECT Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 3.66 Lakh 13500 Strike – 1.71 Lakh 13200 Strike – 1.14 Lakh Put Writing 13000 Strike – 4.55 Lakh 12800 Strike – 2.99 Lakh 12700 Strike – 1.20 Lakh Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range. Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 01, 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
Nifty levels - Jan 01, 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
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. Trading options offers a number of benefits for an active trader: Options can offer high returns and do so over a short period, allowing you to multiply your money quickly if your wager is right. With options, it can cost less to get the same exposure to a stock's price movement than it does to buy the stock directly.
NSE:M&MFINEducation
by SkyTradingZone