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Support and Resistance

Escorts Maintains Bullish Trajectory with Strong Long-Term SuppoTopic Statement: Escorts is on a bullish path, supported by a strong long-term trendline and reliable accumulation zones near key technical levels. Key Points: 1. The stock consistently receives strong support at its long-term uptrend line 2. It is rarely seen below the 200-day EMA, making it a reliable accumulation opportunity as price nears the average 3. A recent correction to the 38.2% retracement level at 2933, near the 3000 barrier, provided firm support and renewed upward momentum
NSE:ESCORTSLong
by yogeshwar
Sensex - Expiry day analysis Aug 5We had a choppy market today. Though price moved up, since it was choppy, option buyers did not get the benefit. Right now price is at support zone 81000. If this level is sustained we can expect 300 to 400 points move before price face another resistance. Buy above 81060 with the stop loss of 80920 for the targets 81160, 81280, 81400, 81520, 81640 and 81800. Sell below 80760 with the stop loss of 80880 for the targets 80660, 80540, 80400, 80280, 80140 and 80020. Always do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
renderwithme | ADA Technical Analysis Monthly Chart"Riding the Cardano wave! #ADAUSDT poised for a breakout—targeting $0.81 and beyond! #CryptoTrading" ~ Disclaimer ~~ This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. # Boost and comment will be highly appreciated.
Long
by renderwithme
GBPCHF – Could This Be the Start of a Bullish Comeback?Looking at GBPCHF right now, it feels like the market is finally speaking my language. After an extended downtrend, price has landed on a major support zone visible on the higher timeframes — a zone that’s been tested and respected multiple times before. We're now seeing early signs of rejection from that area, and I’m eyeing a potential move back up toward 1.1000. What makes this setup stand out isn’t just the technicals — it’s the patience behind the play. I waited for the sell-off to complete, for price to return to a proven zone, and now I’m watching for signs of strength to kick in. This type of setup? I’ve seen it play out time and time again in my previous chart work. Drop your thoughts in the comments — do you see the same potential, or are you taking a different side of the trade?
Long
by Jessicaa_Bui
BITCOIN PRICE UPDATE - JULY 1, 2025🔴 BITCOIN PRICE UPDATE - JULY 1, 2025 👋 Wrapping up the first half of 2025, BTC has closed the monthly candle around the ~$107,200 zone! Looking closely at Image 1 — BTC’s Monthly Candle Chart — we can see that June ended with a bullish green candle, forming a Pinbar ➡️ This indicates positive signals from the market. 📊 Personal Insights: ➡️ The primary trend of BTC remains bullish. Long positions are still the priority. ❓ However, in the short term, some correction phases may occur. Reasons include: Price is currently approaching the previous peak area On the D1 timeframe, there are clear signals: Triple Top + Divergence in Volume ➡️ This shows the overall market sentiment is cautious, waiting for a breakout around this price zone. 📌 At the current price zone of ~$107,000, I see two possible scenarios: Scenario 1: Price retraces in the short term to collect liquidity, moves sideways within a ~$10,000 range, then gathers momentum for the next upward move Scenario 2: Price breaks out sharply, creating a new all-time high, pulling the entire market upward ➡️ Personally, I lean more towards Scenario 1! What do you guys think? Drop your opinions below so we can discuss together 👇👇
Long
by Trendformal
1
Energy Exhausted: Indian Energy Exchange Nears BreakdownGreetings Fellow Traders, Sharing a critical technical update on Indian Energy Exchange (IEX). The chart is flashing early warning signs of a potential breakdown. Key zones and price action indicate growing bearish momentum stay alert and trade with caution! Indian Energy Exchange – Bearish Outlook Strengthens. Indian Energy Exchange is showing clear signs of weakness as it continues to respect a long standing downtrend resistance line. The recent price action saw a sharp rejection near the 156 resistance, reinforcing bearish control. Currently, the stock is testing a crucial Monthly Demand Zone (135–120) a level that has historically offered strong support. However, the structure now suggests increasing vulnerability. Bearish Signals-: Price consistently forming lower highs beneath the descending trendline. Rising volume on red candles signals strengthening selling pressure. Price nearing the lower boundary of demand, risking a breakdown. Key Levels to Watch: Breakdown below 120-: A close below this level, especially with volume confirmation, could trigger a deeper correction toward 70 or lower. Rejection from 156 zone-: Any bounce back to this level may offer fresh shorting opportunities, unless a trend reversal is confirmed. A decisive move below 120 would mark the beginning of a markdown phase, validating the broader bearish reversal pattern in play. This publication I am sharing for learning purpose like price action, Support and resistance and trends ETC. Regards- Amit
NSE:IEXShort
by AMIT-RAJAN
5
Nifty - Weekly review Aug 4 to Aug 8Nifty is nearing an important zone 24500. Sustaining above this is important to be bullish. But bears have upper hand so far. Let us see what will happen next week. Buy above 24500 with the stop loss of 24450 for the targets 24540, 24580, 24640, 24700 and 24760. Sell below 24400 with the stop loss of 24460 for the targets 24350, 24320, 24260, 24220, 24160, 24100, 24040 and 23960. 24500 and 23900 zone will be the trend direction deciding zones. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
Bank Nifty Weekly Insights: Key Levels & TrendsBank Nifty ended the week at 55,617.60, registering a decline of -1.61%. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone: 55,501 to 55,736— This critical range should be monitored for potential trend continuation or reversal. A breakout on either side could determine directional bias. 🔻 Support Levels: Support 1 (S1): 55,148 Support 2 (S2): 54,679 Support 3 (S3): 54,187 🔺 Resistance Levels: Resistance 1 (R1): 56,092 Resistance 2 (R2): 56,565 Resistance 3 (R3): 57,057 📈 Market Outlook ✅ Bullish Scenario: If Bank Nifty sustains above 55,736 (top of the pivot zone), it could trigger buying interest, paving the way toward R1 (56,092), and possibly extending the rally to R2 (56,565) and R3 (57,057). ❌ Bearish Scenario: A breakdown below 55,501 (bottom of the pivot zone) may invite selling pressure, potentially dragging the index to S1 (55,148) and further down to S2 (54,679) and S3 (54,187). Disclaimer: lnkd.in
NSE:BANKNIFTY
by ALICEBLUE
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 ended the week at 24,565.35, registering a decline of -1.09%. 🔹 Key Levels for the Upcoming Week 📌 Price Action Pivot Zone: 24,487 to 24,644 – This range is crucial for identifying potential trend continuation or reversal. A move outside this zone could set the directional tone for the coming sessions. 🔻 Support Levels Support 1 (S1): 24,254 Support 2 (S2): 23,942 Support 3 (S3): 23,680 🔺 Resistance Levels Resistance 1 (R1): 24,880 Resistance 2 (R2): 25,196 Resistance 3 (R3): 25,502 📈 Market Outlook ✅ Bullish Scenario: A sustained move above 24,644 (top of the pivot zone) may attract buying interest. If this momentum builds, the index could test R1 (24,880), and potentially advance towards R2 (25,196) and R3 (25,502). ❌ Bearish Scenario: Failure to hold above 24,487 (bottom of the pivot zone) may lead to further downside pressure. In such a case, Nifty may move towards S1 (24,254), and deeper support levels like S2 (23,942) and S3 (23,680). Disclaimer: lnkd.in
NSE:NIFTY
by ALICEBLUE
2