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Support and Resistance

Learn technical trading Open a demat account. ... Understand stock quotes. ... Bids and asks. ... Fundamental and technical knowledge of stock. ... Learn to stop the loss. ... Ask an expert. ... Start with safer stocks. Start by reading foundational books and taking reputable courses to build a solid theoretical understanding of technical analysis, Set realistic goals, maintain emotional discipline, and continually refine strategies through learning and practical experience.
NSE:NIFTYEducation
by SkyTradingZone
Relative Strength Index (RSI) IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies. Low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal. Helps identify trend direction: RSI can help traders identify the direction of the trend. If the RSI is above 50, it indicates a bullish trend, while a reading below 50 indicates a bearish trend. By identifying the trend direction, traders can make better decisions on whether to buy or sell.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option chain Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset. NSE's online Real time Data Feed. NSE's real time data is provided in various levels (level 1, level 2, level 3 and tick by tick) across segments such as Capital Market, Futures & Options, Currency Derivative and Wholesale Debt Market. Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
NSE:BANKNIFTYEducation
by SkyTradingZone
BankNifty Intraday Support & Resistance Levels for 30.12.2024On Friday, BankNifty opened gap-up, touched a high of 51,628.45, and dropped to a low of 51,240.10 before recovering slightly to close at 51,311.30, gaining 140 points over the previous close. The Weekly Trend (50 SMA) continues to remain sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,688 - 50,909 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones 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’s move within a narrow range highlights a tug-of-war between buyers and sellers. If it manages to break above the 125m resistance zone of 52,010.65 - 52,368.30, we might see further bullish momentum. On the downside, the demand zone at 50,688 - 50,909 will play a critical role in providing support.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 30.12.2024On Friday, Nifty opened with a gap-up at 23,801.40, briefly dipped to a low of 23,800.60, and climbed to a high of 23,938.85, entering the 75m supply zone. However, selling pressure pushed it back down to close at 23,813.40, securing a modest gain of 63 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Levels: - 23,263 (low of 21st November 2024) - 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 (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty’s journey into the 75m supply zone shows the current resistance levels. Watch for a break above the daily resistance zone of 24,149.85 - 24,394.45 for potential bullish momentum. On the downside, the 75m demand zone at 23,447.15 - 23,578.60 will be crucial for support.
NSE:NIFTY
by PriteshPalan
JUBLFOOD: Recovery Phase with Bullish PotentialJUBLFOOD has shown remarkable recovery from its low of ₹438.70 and is now trading near a critical resistance zone at ₹710-714. 📈 Key Levels: Resistance: ₹714 (Breakout could lead to ₹784, ₹912, and ₹1040 targets). Support: ₹609-650 and ₹438.70. 🔍 What to Watch: ->Sustained breakout above ₹714 will confirm bullish momentum, opening doors for higher targets. ->Rejection at this level may lead to a consolidation or a pullback toward ₹650. 💡 Trading Idea: ->Long above ₹714 with a stop-loss at ₹650 and targets at ₹784, ₹912, and ₹1040. ->Wait for confirmation before entering the trade. Volume-backed buying indicates strong interest, and breaking the trendline could further accelerate the upward move. Keep an eye on this one! 🚀
NSE:JUBLFOODLong
by TraderChhabra
BANKNIFTY levelsAs of December 28, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,233.00, reflecting a decrease of 84.60 points (-0.16%) from the previous close. For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis: Resistance Levels: R1: 51,364.24 R2: 51,495.47 R3: 51,608.84 Support Levels: S1: 51,119.64 S2: 51,006.27 S3: 50,875.04 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
NSE:BANKNIFTYLong
by EmpireCrown
RELIANCE Levels 1 DayAs of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹1,219.03 S2: ₹1,217.59 S3: ₹1,205.17 Resistance Levels: R1: ₹1,229.93 R2: ₹1,232.88 R3: ₹1,237.87 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies. MUNAFASUTRA Weekly Support and Resistance Levels: Support Levels: S1: ₹1,222.60 S2: ₹1,211.65 S3: ₹1,202.25 Resistance Levels: R1: ₹1,232.00 R2: ₹1,242.95 R3: ₹1,252.35 These weekly levels provide a broader perspective for traders considering positions over multiple days. Technical Indicators: Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: ₹1,217.59 20-Day Average: ₹1,265.37 50-Day Average: ₹1,477.68 These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions. Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
NSE:RELIANCELong
by EmpireCrown
Sensex Support & Resistance As of December 28, 2024, the S&P BSE Sensex closed at 78,723.97, marking an increase of 251.49 points (0.32%) from the previous close. INVESTING For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis: Resistance Levels: R1: 78,851.64 R2: 78,919.22 R3: 78,969.83 Support Levels: S1: 78,733.45 S2: 78,682.84 S3: 78,615.26 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies. Additionally, technical indicators provide further insights: Relative Strength Index (RSI): 49.395 (Neutral) Stochastic Oscillator (STOCH): 99.69 (Overbought) Moving Averages: MA5: 78,798.58 (Simple), 78,765.87 (Exponential) MA10: 78,720.44 (Simple), 78,742.36 (Exponential) MA20: 78,665.66 (Simple), 78,709.36 (Exponential) MA50: 79,003.86 (Simple), 79,157.16 (Exponential) These indicators suggest a neutral to slightly bullish trend in the short term. Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
BSE:SENSEXLong
by EmpireCrown
TATACONSUM Support & Resistance As of December 28, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹925.40, reflecting a 2.65% increase from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹902.05 S2: ₹903.19 Resistance Levels: R1: ₹918.20 R2: ₹930.55 These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies. Weekly Support and Resistance Levels: Support Levels: S1: ₹874.00 Resistance Levels: R1: ₹1,060.00 These weekly levels provide a broader perspective for traders considering positions over multiple days. Technical Indicators: Relative Strength Index (RSI): 31.57 (Neutral) Moving Averages: 5-Day Average: Data not available 20-Day Average: Data not available 50-Day Average: Data not available These indicators suggest a neutral trend, with the RSI indicating neither overbought nor oversold conditions. Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
NSE:TATACONSUMLong
by EmpireCrown
BAJFINANCE Support & ResistanceAs of December 27, 2024, Bajaj Finance Limited (BAJFINANCE) closed at ₹6,832.00, reflecting an increase of ₹23.80 (0.35%) from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹6,800.85 S2: ₹6,764.80 Resistance Levels: R1: ₹6,921.80 R2: ₹6,957.85 These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies. Weekly Support and Resistance Levels: Support Levels: S1: ₹6,823 S2: ₹6,779 S3: ₹6,702 Resistance Levels: R1: ₹6,944 R2: ₹7,021 R3: ₹7,065 These weekly levels provide a broader perspective for traders considering positions over multiple days.
NSE:BAJFINANCELong
by EmpireCrown
AXISBANK Support & Resistance As of December 28, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,077.85, reflecting a slight increase of 0.09% from the previous close. Here are the identified support and resistance levels: Daily Support and Resistance Levels Support Levels: S1: ₹1,071.60 S2: ₹1,068.73 S3: ₹1,060.83 Resistance Levels: R1: ₹1,081.85 R2: ₹1,084.65 R3: ₹1,100.53 Weekly Support and Resistance Levels Support Levels: S1: ₹1,069.00 S2: ₹1,061.00 S3: ₹1,049.00 Resistance Levels: R1: ₹1,089.00 R2: ₹1,101.00 R3: ₹1,108.00 Technical Indicators Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: Not available 20-Day Average: Not available 50-Day Average: Not available These support and resistance levels, along with technical indicators, provide a framework for assessing potential price movements. Use these insights in conjunction with broader market analysis and risk management strategies.
NSE:AXISBANKLong
by EmpireCrown
technical lecture class 2Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:BANKNIFTYEducation
by SkyTradingZone
Database trading Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution. Charges / registration: The online database ist free. A registration or a subscription is possible but not necessary. Registered users can download larger amounts of data per extraction and can save the data extractions in their own profile. Monthly Comtrade database requires registration.
BSE:SENSEXEducation
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.
BSE:SENSEXEducation
by SkyTradingZone
The relative strength index (RSI)The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
NSE:RELIANCEEducation
by SkyTradingZone
ADX learn in trading The Average Directional Index (ADX) is a technical analysis tool that measures the strength of trends. It is a standard analytical tool provided by most trading platforms. To quantify a trend's strength, the calculation of the ADX is based on the moving average (MA) of a price range expansion over a certain timeframe. The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30. Lower settings will make the average directional index respond more quickly to price movement but tend to generate more false signals.
NSE:NIFTYEducation
by SkyTradingZone
LICI: Oversold at Key Accumulation Zone Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average. Key Points: 1. The stock is trading in an accumulation zone around the crucial 900 level. 2. 900 corresponds to the 50% retracement level, indicating a potential support zone. 3. The price is below the 180-day moving average, signaling oversold conditions.
NSE:LICILong
by yogeshwar
Finnifty Intraday Analysis for 27th December 2024NSE:CNXFINANCE Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 4.68 Lakh 23900 Strike – 3.59 Lakh 23800 Strike – 3.14 Lakh Put Writing 23800 Strike – 3.17 Lakh 23500 Strike – 2.49 Lakh 23700 Strike – 2.48 Lakh Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Analysis for 27th December 2024NSE:NIFTY Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 47.77 Lakh 23800 Strike – 40.96 Lakh 24900 Strike – 24.34 Lakh Put Writing 23800 Strike – 45.67 Lakh 23500 Strike – 27.12 Lakh 24000 Strike – 23.58 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTYLong
by RKMAURYA