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Support and Resistance

ZYDUS LIFE-- BULLISH VIEW (EDUCATIONAL PURPOSE)ZYDUS LIFESCIENCE -- BULLISH VIEW (EDUCATIONAL PURPOSE) Correction noticed after making high 1324.30 in Aug-2024, Currently stock is in consolidation zone, testing the previous swing high near 1010-1020 zone, trying to form higher high -- higher low structure and expected to move in upward direction with trendline support drawn by joining the lows (Dotted line). There is possibility of formation of Inverse Head and shoulder pattern as marked, however it is not the the surety. If inv. Head and shoulder is formed it will add more strength. Also the pattern may confirm higher high -- higher low formation which indicates uptrend Buying position can be initiated at current level-976 or can even wait for slight correction till 950-940 considering the possible reversal of the trend Target : Fibo extension suggest target of 1807 (85%) after clearing resistance zone near 1300 Stop loss : weekly closing below 795 (-19%) Risk reward Ratio : 1:4.6 Time target : 48 months. Pure investment view, not for short term trading
NSE:ZYDUSLIFELong
by mgvirus1
Nifty 50 set to hit 25500 Key Levels to Watch:Support: 24,950 (immediate), 24,800, 24,600–24,400 (stronger supports). Resistance: 25,000–25,050 (key psychological and technical barrier), 25,200. Futures: Nifty 50 July Futures closed at 25,025, down 0.6%, with resistance at 25,080–25,100 and support at 24,950 ~~ 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.
NSE:NIFTYLong
by renderwithme
Mphasis Holds Strong Amid Weak IT Sentiment, Trading Between KeyTopic Statement: Mphasis has shown resilience despite the broader weakness in the Indian IT sector, oscillating between strong support and resistance levels. Key Points: * The stock faces stiff resistance near 3000, with the 23.6% Fibonacci retracement level at 2938 * It receives strong buying support around 2000, with the 50% retracement level at 2146 acting as a critical floor * The price rarely dips below the 200-day EMA, and such instances have historically presented attractive investment opportunities
NSE:MPHASIS
by yogeshwar
Bullish Setup in Hindustan Unilever(HINDUNILVR)Hindustan Unilever is showing a bullish momentum. Price did a gap up on Friday 11 July, 2025 giving a closing of Rs. 2516. With a 4% rise, HINDUNILVR is challenging Bollinger bands on daily as well as weekly time frame. On a weekly time frame, MACD has positive crossover and ADX is showing strength of bullishness of the trend. As per Elliot Wave theory, stock did a Wave 1 and Wave 2 on the charts in daily time frame making a low of Rs. 2259 in wave 2. After closing above 2490, stock made a higher high and is confirming dow theory for upward trend. A bullish trade can be taken to benefit from the rising trend. A Strick SL should be kept at 2490 for those trading derivatives and at 2440 for positional traders. Target could range from 2600-2700 in short run to 3000 in long run. 📢 Disclaimer (Please Read Carefully) The content shared herein is solely for educational and informational purposes and does not constitute financial, investment, or trading advice. I am not a SEBI registered analyst. The views expressed are personal opinions and should not be construed as recommendations. Market investments, including derivatives and F&O, carry risk. Please do your own research and consult a qualified financial advisor before making any investment decisions. Do not consider this post as a basis for trading decisions. It is intended to offer a different perspective, whether that aligns with or challenges your existing view. 🔒 No liability shall be accepted for any loss or damage arising directly or indirectly from reliance on this content. If you find this analysis valuable, feel free to BOOST and share your thoughts in the comments. I appreciate respectful dialogue and diverse viewpoints.
NSE:HINDUNILVRLong
by shubham160694
1
CEAT Ltd: Is a Rebound on the Horizon? A Confluence of TechnicalTraders — let’s dig into CEAT Ltd NSE:CEATLTD . where both demand-supply dynamics and classic technical signals are flashing something worth watching. What’s setting up here isn’t just noise — there’s real structure underneath the surface. Demand Zone & Institutional Footprints Let’s start with the core of this setup: the Demand Zone. CEAT’s price is inching toward a daily timeframe Rally-Base-Rally zone — and not just any zone, but one that stands out in terms of quality. Why does this matter? Because these aren’t retail-driven bounces. These are often the hidden footprints of institutions quietly building positions. On June 23rd, price came close to this very demand zone — and without even touching it, we saw a sharp bounce. That’s a strong tell. There’s clear demand waiting just below. Institutions don’t throw their entire order book at the market in one go. They scale in. So when price comes back to this area, it’s likely to trigger those leftover buy orders — potentially leading to another move higher. Zooming out to the broader view : Both weekly and monthly charts are still in an uptrend. There are no obvious supply zones on the higher timeframes That clears the runway for bullish continuation. 💡 Traditional Technical Analysis Perspective 💡 Now let’s switch gears for a moment and take a look through the lens of classic technical analysis. What’s the chart telling us in plain sight? CEAT spent months coiling within a consolidation range — nothing impulsive, just sideways chop. But that changed on April 30th with a decisive breakout. And this wasn’t on light volume — it came with strong participation, a real sign of conviction. Post-breakout, we’ve seen consistent volume buildup alongside price progression. This isn’t a one-day wonder — it’s been developing. Act of Polarity at Work: The breakout level had previously acted as firm resistance multiple times. Now that price is retesting it from above, it’s doing exactly what we expect — flipping that resistance into potential support. Interestingly, this retracement is happening on declining volume. That’s key. It often suggests a healthy retest rather than a breakdown — a potential “buy the dip” scenario, if you will. 🤝 The Confluence: Where Two Worlds Meet 🤝 Here’s where things get really compelling — that demand zone we highlighted? It aligns perfectly with the same level that’s being retested post-breakout. That overlap — this confluence — is no coincidence. It dramatically increases the odds of a strong bounce, because we’re getting validation from two independent analytical frameworks. When price, psychology, and institutional footprints all point to the same zone — you pay attention. We could consider a tactical Stop Loss just below the demand zone. And in terms of upside? The previous swing high near ₹4000 stands out as a logical first target. "Success in trading is a marathon, not a sprint. Consistency, discipline, and effective risk management are your true North Stars." Stay sharp. Even the cleanest setup can fail — and that’s why managing risk isn’t optional. If price violates the zone and closes below your SL, step out without hesitation. Thanks for reading — your support, feedback, and questions always help drive this community forward. Let’s keep sharpening our edge together. 🚀 Trade smart, stay disciplined, and let your journey be one of continuous learning! 🚀 Disclaimer: This analysis is intended purely for educational purposes. It does not constitute investment advice or a trading recommendation. I am not a SEBI-registered advisor.
NSE:CEATLTDLong
by AfnanTAjuddin
3
Coforge Makes V-Shaped Recovery Post Crash, Eyes Resistance at DTopic Statement: Coforge staged a sharp V-shaped recovery from the early 2025 market crash, rebounding off key support and approaching major resistance. Key Points: * The stock retraced to the 38.2% Fibonacci level at 1292 during the crash, where it found strong support * A swift V-shaped recovery followed, with the price now facing stiff resistance at 2000, forming a double top * Coforge generally trades above the 200-day EMA, making it a strong accumulation candidate when nearing that level
NSE:COFORGE
by yogeshwar
Nifty Support & Resistance Zones – 24th July 2025Based on today’s price action and high-probability cluster zones, here are the key levels to watch for tomorrow: Resistance Zones: 25516 – 25523 25408 – 25410 25314 – 25317 25228 Support Zones: 25140 – 25150 25054 – 25060 24931 – 24939 24823 – 24864 Technical Outlook: Nifty successfully broke above the 21 EMA of the Daily Timeframe, indicating a shift in short-term momentum back in favor of buyers. This breakout was supported by strong bullish candles and higher closes throughout the session. As long as price sustains above 25140, the upward momentum may extend toward 25314 and 25408. A failure to hold above 25054 would weaken the structure and invite a retest of lower support zones. Monitor price behavior around 25228 for intraday breakout or rejection opportunities. Watch these zones closely for potential price reactions, breakouts, or reversals. Use them with intraday confirmation and volume analysis for effective trade setups.
NSE:NIFTYLong
by chaitu50c