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Support and Resistance

BankNifty levels - Oct 22, 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 22, 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
DIVIS LAB 1HRSWING TRADE - EARN WITH ME DAILY 10K-20K – DIVISLAB Looking good for Downside.. When it break level 6003 and sustain.. it will go Downside... SELL @ 6003 Target 1st 5925 2nd 5816 FNO DIVISLAB OCT FUT – LOT 5 (Qty-1000) DIVISLAB OCT 6200 PE – LOT 5 (Qty-1000) – PRICE (192.50) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:DIVISLABShort
by Prashant019
Pre Market analysis NIFTY 50 - 21 oct24Market Analysis NIFTY 50- 21st oct 24 - NIFTY opening 24956 opening near small resistance - 24977 and PSY 25k, and support from yellow trendline as shown - should sustain this for bullish , can take SUPPORT from dip - 24888 till 24860 if not hold can head to 24772 -Pivot and bearish below that (2nd support) WAIT n WATCH -9.45 #NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
NSE:NIFTY
by ashit_k
BankNifty Intraday Support & Resistance Levels for 21.10.2024On Friday, BankNifty opened with a gap down, hitting a low of 51,000.90, and then staged an impressive comeback, bouncing nearly 1,200 points to a high of 52,199.45. It closed at 52,094.20, gaining 805 points from the previous close. If BankNifty breaks below 51,000 with volume and sustains, further downside could extend to 49,959 or below. The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) is sideways. BankNifty Demand/Support Zones for 21.10.2024: 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 21.10.2024: Near Supply/Resistance Zone (15m): 52,254.70 - 52,358.35 Far Supply/Resistance Zone (15m): 52,417.40 - 52,562.70 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 21.10.2024On Friday, Nifty opened with a gap down, entering the Daily Demand Zone (24,522.95 - 24,638.80) mentioned earlier. It made a low of 24,567.65 and then bounced back over 300 points to reach a high of 24,886.20. Nifty closed at 24,854.05, gaining 104 points from the previous close and managing to stay above the FIBO 61.8% retracement level (24,804.25). The Weekly Trend (50 SMA) remains positive, but the Daily Trend (50 SMA) is still negative. Nifty Demand/Support Zones for 21.10.2024: Near Demand/Support Zone (Daily): 24,522.95 - 24,638.80 (already tested) Far 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 21.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 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 Near 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
USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 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
Short
by tradergyan01
Technical Analysis of Gujarat Gas Ltd. (GUJGASLTD) Background: Gujarat Gas Limited is a natural gas distribution company in India. Technical Analysis: Trend Analysis: The overall trend for Gujarat Gas Ltd. appears to be bullish. The stock has been consistently making higher highs and higher lows, indicating a strong uptrend. Key Technical Indicators: * Moving Averages: * The 50-day and 200-day Moving Averages (MAs) are both trending upwards, confirming the bullish trend. * A golden cross (50-day MA crossing above the 200-day MA) would further strengthen the bullish signal. * Relative Strength Index (RSI): * The RSI is currently around 50, suggesting a neutral sentiment. However, a move above 50 could indicate a bullish momentum. * Bollinger Bands: * The price is currently trading near the upper Bollinger Band, indicating high volatility. A pullback towards the middle band could be a potential buying opportunity. * MACD (Moving Average Convergence Divergence): * The MACD line is above the signal line, indicating a bullish trend. A bullish crossover could signal a stronger upward trend. * Volume: * Increasing volume during uptrends confirms the strength of the bullish momentum. * Fibonacci Retracement: * The recent price pullback has retraced to the 50% Fibonacci level. A break above the 61.8% Fibonacci level could signal a continuation of the uptrend. * On-Balance Volume (OBV): * The OBV is rising, indicating that buying pressure is stronger than selling pressure. * Money Flow Index (MFI): * The MFI is above 50, indicating a bullish trend. Support and Resistance Levels: * Immediate Support: The 500 level could act as a strong support level. * Immediate Resistance: The 600 level could act as a strong resistance level. Trading Strategy: Buy: * Wait for a pullback to the 500 support level. * A bullish crossover of the 50-day MA above the 200-day MA could be a strong buy signal. * Increased volume during the uptrend would confirm the bullish momentum. Sell: * A break below the 500 support level could signal a bearish trend. * A bearish divergence between the price and the RSI could indicate a potential downward move. Stop-Loss: * Place a stop-loss below the nearest support level. Take-Profit: * Set a take-profit target at the nearest resistance level or based on a specific price target. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results. Remember, while technical analysis is a valuable tool, it's important to consider other factors such as fundamental analysis and market sentiment before making investment decisions.
NSE:GUJGASLTD
by Stock_market_signals
META STOCK ANALYSIS BEARISH MOVE SHOWING ON FACEBOOKFACEBOOK SHOWING A GOOD DOWN MOVE WITH 1:5 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
NASDAQ:METAShort
by tradergyan01