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Support and Resistance

Prestige on breakout, this is ready to fly in blue sky!Hey Traders! Today, I’m sharing a stock that has broken out from a falling resistance trendline. This breakout sets the stage for a potential move towards its all-time high zone. It looks promising for both short-term and long-term trades. In my opinion, this could be a solid trade for the next few days. Here’s what you need to know: The stock has broken above a key falling resistance trendline. This sets up a potential move towards the all-time high zone. For better risk-reward, I suggest trading with smaller quantities. Don’t forget to use the stop loss marked on the chart for risk management. Please trade wisely and according to your own risk tolerance. Disclaimer: This analysis is for educational purposes only. Always consult a financial advisor before making any investment decisions.
NSE:PRESTIGELong
by TraderRahulPal
Nifty may nosedive from here! So that missing piece - closing above 25200 - we lost again. Reason - FIIs are taking out cash from Indian market as per data. Why? Because they sense many big companies might report negative earning - hence index trading is not suitable for them. During Quarterly Earning Season, promoters shift their money from one to another. Mutual funds rebalance their portfolio from weak to stronger. And Institutional Money like FII don't like surprises on their positions. They go with the plan. If I would have been the FII, what I would be doing is - wait for the earnings to announced and then see which companies have given great results and which have their sales increased. Then, after the Earning Season is over, I'll re-position myself with clean charts. Avoid any volatality. Any surprises. So that's why they are doing exactly. Because of that, maybe your setups won't work like they do in usual condition. So if you feel you're getting stuck or Stoloss hitting more than normal, dont be surprised. A good practice would be to stay away from trading for while and let the market settle for a bounce back. However, I'm a professional trader and I need to earn in any market condition. Hence I have strategy for every situation. Me and my students use Earning Pivot to give ourselves an edge against unpredictable market structure during Earning Seasons. So this would be wise to stick to this setup only for a time being. Coming to the market, NSE:NIFTY has given a Supply candle today with sellers outnumbering buyers by 93 million volume. Now if 25000 is broken we can see a deeper cut in the index. Maybe near 24750. However, the immediate support is at 24980. Resistance now at 25155. If we get a bounce to this, we can build a short position. Yeah, from now on market might turn on Sell-on-Rise mode. NSE:BANKNIFTY short term support formed at 56050. Resistance 56965. Many IPO stocks are showing good strength with bullish structure. Hence I will be focusing there. Today I traded just one stock and also given here to all of you and that hit Upper Circuit. Remember it was from IPO sector. Name is GETTEX:NSE :#IXIGO. Traded NSE:ANANDRATHI as Intraday and got 4% upside in that as well. So overall the day ended in positive note for our community. Cheers on that! That would be all for today. Take care. Have a profitable day ahead.
NSE:NIFTYShort
by Trendxinc
1
LODHA:Triple Confluence Zone - Fib, Horizontal & Channel SupportHey Traders! NSE:LODHA is showing a compelling bullish structure on the 4H chart — backed by clean price action, structure, and strong confluence. Technical Breakdown: ✅ Ascending Channel: The stock has been consistently respecting its upward-sloping channel since March, forming a sequence of higher highs and higher lows. ✅ Fibonacci Retest: The recent retracement found strong support around the 0.5 and 0.618 zone (₹1,352), aligning with both the horizontal support and the lower channel line. ✅ Horizontal Support: The zone around ₹1,352–₹1,375 (a previous resistance) acted as a strong support during the pullback. Price bounced cleanly from it — confirming its importance. ✅ Confluence: The lower channel support, horizontal support, and Fibonacci level all align in the same area — boosting the reliability of this bounce. Trade Setup: Entry Zone: ₹1,435 (Around current levels) Stop-loss: Below ₹1,328 (Closing Basis) Target: ₹1,700 (upper channel boundary) Reward-to-Risk: 1:2.5 Disclaimer: This analysis is for educational purposes only. Please do your own research and use proper risk management. Thanks for reading! If you liked the setup, drop a comment or a like! Looking forward to hearing your thoughts. Happy Trading! — Anantesh
NSE:LODHALong
by Ananteshm
Nifty Holds Positive Trend, BankNifty Eyes New High - Key LevelsThe missing piece we talked about yesterday — a close above 25200 — is now complete. Selling pressure has reduced, although we didn’t get the strong follow-up buying we expected. But from a trading perspective, today was superb: - NSE:SPORTKING , which we bought yesterday, gained another 7% today. - NSE:EDELWEISS intraday setup delivered a solid 6% move. - NSE:TATAPOWER ATM options shot up by 100%. - As mentioned in yesterday’s commentary, NSE:CNXPSUBANK performed well — I’m holding NSE:BANKBARODA and had added #SBIN a few days back. - NSE:SHYAMMETL closed strong today; I’ve taken it as a positional trade. - I exited NSE:CUPID today and replaced it with $NSE:MOBIKWIK. In total, I’m holding 4 open positions, and I’ll continue to hold them until they overextend. Coming to the market: Nifty formed a Supply Candle today as sellers’ volume was 33 million higher than buyers. The positive takeaway is that selling pressure has eased, and the trend has moved back to the positive zone. Considering these conditions, tomorrow is likely to remain sideways. NSE:NIFTY levels for tomorrow: - Resistance: 25250 — a close above this could trigger short covering up to 25500 - Support: 25155 BankNifty looks stronger than Nifty and seems ready for a new all-time high. NSE:BANKNIFTY levels for tomorrow: - Support: 57000 - Resistance: 57300 — a breakout above this can push it to fresh highs Sector-wise, #PSUBANKS remained the strongest today. That’s all for today. Take care. Have a profitable tomorrow.
NSE:NIFTYLong
by Trendxinc
2