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Support and Resistance

BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDBTCUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDShort
by tradergyan01
5
Pre Market Analysis 23 oct 24 - NIFTY 50Market Analysis NIFTY 50- 23 oct 24 - NIFTY opening 24378 , if reaches 24400 can be nearest support else 24330 - S1 ,if breakdown can head to 24186 and panic sell below 24k PSY RESISTANCE- 24444 PDL - & resistance from yellow trendline as shown should overcome this for bullish , 24460, 24618 can be other Resistances #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BankNifty Intraday Support & Resistance Levels for 23.10.2024On Tuesday, BankNifty opened 108 points higher, hit a high of 52,257.30, and then dropped over 1,050 points, reaching a low of 51,179.60. It closed at 51,257.15, losing 705 points from the previous session. BankNifty is currently within the 125m Demand Zone mentioned in the previous post. If the crucial 51,000 level holds, we might see a bounce back from this demand zone. However, if BankNifty breaks below 51,000 with strong volume and sustains, further downside to 49,959 or lower is likely. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. BankNifty Demand/Support Zones for 23.10.2024: Near Demand/Support Zone (125m): 51,000.90 - 51,355.80 (current price inside this zone) 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 for 23.10.2024: Near Supply/Resistance Zone (15m): 51,559.35 - 51,678.85 Far Supply/Resistance Zone (5m): 52,143.55 - 52,257.30 Near 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 23.10.2024On Tuesday, Nifty opened 17 points higher, reached a high of 24,882, but faced heavy selling pressure, dropping nearly 430 points to hit a low of 24,445.80. It closed at 24,472.10, losing 309 points from the previous session. The Weekly Trend (50 SMA) has shifted to sideways from positive, while the Daily Trend (50 SMA) remains negative. Notably, Nifty broke and closed below the previous month's low, signaling potential further downside. Nifty Demand/Support Zones for 23.10.2024: 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 for 23.10.2024: 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
Nifty Intraday Analysis for 22nd October 2024NSE:NIFTY Index closed near 24780 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 81.11 Lakh 25500 Strike – 57.30 Lakh 24800 Strike – 48.01 Lakh Put Writing 24000 Strike – 50.80 Lakh 24500 Strike – 35.15 Lakh 24800 Strike – 32.75 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 22nd October 2024NSE:BANKNIFTY Index closed near 51965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 36.79 Lakh 53000 Strike – 25.63 Lakh 52000 Strike – 24.77 Lakh Put Writing 51000 Strike – 26.39 Lakh 51500 Strike – 25.88 Lakh 52000 Strike – 17.73 Lakh Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51500 - 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 22nd October 2024NSE:CNXFINANCE Index closed near 23955 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 21.67 Lakh 24100 Strike – 16.77 Lakh 24200 Strike – 16.75 Lakh Put Writing 23400 Strike – 16.47 Lakh 23500 Strike – 16.07 Lakh 23700 Strike – 13.18 Lakh Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 22nd October 2024NSE:NIFTY_MID_SELECT Index closed near 12695 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 9.08 Lakh 12800 Strike – 5.29 Lakh 12900 Strike – 5.05 Lakh Put Writing 12700 Strike – 7.46 Lakh 12500 Strike – 5.45 Lakh 12600 Strike – 3.90 Lakh Index has immediate resistance near 12900 - 13000 range and if index crosses and sustains above this level then may reach 13150 – 13200 range. Index has immediate support near 12600 – 12500 range and if this support is broken then index may tank near 12400 – 12300 range.
N
by RKMAURYA
Nifty levels - Oct 23, 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
BankNifty levels - Oct 23, 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
ETHUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDETHUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:ETHUSDLong
by tradergyan01
Market analysis 22 oct 24- NIFTY 50Market Analysis NIFTY 50- 22 oct 24 - NIFTY opening 24798 opening near support + PSY +CP - 24785 and support from yellow trendline as shown which - should sustain bullish , can take SUPPORT from dip - 24753 (liquidity) if not hold can head to 24679 -PDL and bearish below that (2nd support) RESISTANCE 24870 and level to watch to get rejection- 24938 #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BankNifty Intraday Support & Resistance Levels for 22.10.2024On Monday, BankNifty opened with a gap up, hit the 15-minute Supply Zone mentioned in the previous post, and made a high of 52,577.50. However, it faced strong resistance, falling over 700 points to a low of 51,855.15 before closing at 51,962.70, down 131 points from the previous close. If BankNifty breaks below the 51,000 level with volume and sustains, we could see a further drop toward 49,959 or lower. The Weekly Trend (50 SMA) is positive, while the Daily Trend (50 SMA) remains sideways. BankNifty Demand/Support Zones for 22.10.2024: Near Demand/Support Zone (125m): 51,000.90 - 51,355.80 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 for 22.10.2024: Near 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 22.10.2024On Monday, Nifty opened with a gap up, touching the 75-minute supply zone and making a high of 24,978.30. However, it reacted sharply from this zone, falling nearly 300 points to a low of 24,679.60. It eventually closed at 24,781.10, down 73 points from the previous close and below the FIBO 61.8% retracement level of 24,804.25. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is negative. Nifty Demand/Support Zones for 22.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 22.10.2024: Near 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 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
Is Lupin Ltd. Headed for Further Decline?Let's analyze the provided chart of LUPIN LTD. (1W) and discuss the cup and handle pattern. Cup and Handle Pattern Upon examining the chart, we can identify a potential cup and handle pattern forming. This pattern is a bullish continuation pattern that suggests a stock is likely to resume its upward trend after a brief period of consolidation. Components of the Pattern * Cup: The "cup" portion of the pattern is formed by the downward price movement followed by an upward movement, creating a rounded bottom shape. In the case of LUPIN, we can see a clear downward trend from the peak in 2021, followed by a bottoming out around 2023 and a subsequent upward movement. * Handle: The "handle" is a short period of sideways or downward movement after the cup formation. It's like a flagpole attached to the cup. In LUPIN's case, the handle appears to be forming currently, with the price consolidating in a narrow range. Interpretation If this pattern plays out as expected, LUPIN's stock price could break out above the handle's resistance level, signaling a resumption of the uptrend. The target price for this breakout could be estimated by measuring the height of the cup and adding it to the breakout point. Additional Technical Analysis Beyond the cup and handle pattern, here are some additional observations from the chart: * Support and Resistance: The chart shows clear support and resistance levels, which can be used to identify potential entry and exit points. * Moving Averages: The 50-day and 200-day moving averages are currently crossing each other, indicating a potential bullish crossover. This could further support the upward trend. * Volume: While not explicitly shown in the chart, volume can be a valuable indicator of market sentiment. Increased volume during the breakout phase of the cup and handle pattern would confirm the strength of the move. Caveats It's important to remember that technical analysis is not foolproof. While the cup and handle pattern is a reliable indicator, it's not guaranteed to work in every situation. Other factors, such as fundamental analysis and overall market conditions, can also influence the stock price. Conclusion Based on the chart, LUPIN LTD. appears to be forming a cup and handle pattern. If the pattern plays out as expected, the stock could see a significant upward move. However, it's crucial to monitor the pattern closely and consider other technical indicators before making any investment decisions. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always consult with a qualified financial advisor before making any investment decisions.
NSE:LUPIN
by Stock_market_signals
Price and Vol. Breakout From Major LevelsNSE:AMBER is Finally breaking out through Major Resistance on Daily Charts with Good Price and Volume Action currently in a rising channel, The Accumulation Zone is Critical. Further upside can be seen going forward. Keep in Watchlist. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:AMBERLong
by Karanshah137
Nifty Intraday Analysis for 21st October 2024NSE:NIFTY Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 42.62 Lakh 25100 Strike – 31.69 Lakh Put Writing 24500 Strike – 37.52 Lakh 24800 Strike – 33.90 Lakh 24700 Strike – 32.87 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 21st October 2024NSE:BANKNIFTY Index closed near 55095 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 18.59 Lakh 52500 Strike – 17.11 Lakh 52000 Strike – 15.82 Lakh Put Writing 51500 Strike – 27.49 Lakh 51000 Strike – 23.92 Lakh 52000 Strike – 14.04 Lakh Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51500 - 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 21st October 2024NSE:CNXFINANCE Index closed near 23940 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 12.57 Lakh 24300 Strike – 5.98 Lakh 24100 Strike – 5.76 Lakh Put Writing 23700 Strike – 9.40 Lakh 23500 Strike – 7.60 Lakh 23600 Strike – 7.58 Lakh Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 21st October 2024NSE:NIFTY_MID_SELECT Index closed near 13035 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 27.60 Lakh 13500 Strike – 24.35 Lakh 13250 Strike – 18.54 Lakh Put Writing 13000 Strike – 18.80 Lakh 12800 Strike – 16.56 Lakh 12900 Strike – 13.70 Lakh Index has immediate resistance near 13150 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range. Index has immediate support near 12900 – 12950 range and if this support is broken then index may tank near 12800 – 12750 range.
NLong
by RKMAURYA