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Support and Resistance

Nifty levels - Feb 01, 2025Nifty 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
NIFTY 50 - BEARISH TREND WITH RESISTANCE ZONES AHEADSymbol - NIFTY50 CMP 23260 The Nifty50 is currently in a downtrend and is trading within a falling wedge pattern, indicating potential for a bearish move in the near future. At present, the index is trading at a resistance zone, specifically between 23260-23300, with additional resistance zones positioned further upwards. Given these technical factors, there is a strong expectation for a sell-off from the current levels. The downside targets are expected to be around the lows that were formed a few days back, which are near the 22800 level and possibly lower. From a broader perspective, the Nifty50's technical structure suggests that further downward movement is likely as the price faces resistance and struggles to break above key levels. Therefore, traders should be cautious of any bullish reversal in the immediate term and instead focus on potential downside targets. Key resistance levels to watch are near 23260-23300, with additional resistance higher up. Support is anticipated at the 22900-22830 level and below. Given the current pattern and resistance zone, a short-term bearish outlook seems more probable, with a potential continuation of the downtrend.
NSE:NIFTYShort
by akshit_official
2
Laurruslabs - Potential Breakout Opportunity🚀 Laurruslabs - Potential Breakout Opportunity 🔑 Early Entry: ₹627.5 💥 ATH Level: ₹725 📊 Positioning & Strategy: 💰 Entry Point: ₹627.5 ⚠️ Stop Loss (SL): ₹498 (20.9% downside risk) 🎯 Target 1: ₹725 (15% upside potential) 📈 Positional Target 1: ₹829 (~32% upside from entry) 🌟 Long-term Target: ₹999 (~59% upside from entry) 📍 Key Levels & Action Plan: Laurruslabs has been in an upward trajectory since April 2023 📈. It consistently takes support near the 200 DMA, signaling strength in its trend 🔄. 27 Jan 2025 saw a red candle with huge volume 📉, but the stock quickly bounced back 🚀. The ATH level at ₹725 is key 🔑. A breakout above ₹725 would confirm a 3.5-year resistance breakout and All-Time High. 💡 Action Strategy: For Safe Traders: 📉 Book partial profits at ₹725 and trail SL to lock in gains 📊. For Risk-Tolerant Traders: 👀 Watch for a breakout above ₹725. If confirmed with 3-5X volume 📈 and a clean breakout candle, consider adding more 🚀. 🔢 Risk-to-Reward (RR) Calculations: From Early Entry to Target 1 (₹725): Upside: ₹725 - ₹627.5 = ₹97.5 (15% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:0.72 (Risk is higher than reward here, so position sizing is key 🧑‍💼) From Early Entry to Positional Target (₹829): Upside: ₹829 - ₹627.5 = ₹201.5 (32% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:1.56 (Better reward for the risk taken ✅) From Early Entry to Long-Term Target (₹999): Upside: ₹999 - ₹627.5 = ₹371.5 (59% upside) 📈 Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️ Risk-to-Reward Ratio (R:R): 1:2.87 (Excellent reward for the risk taken 🎯) ⚠️ Risks Involved: 📉 Market Conditions: The overall market is in a LH LL structure, so we are trading against the trend 📊, which adds extra risk 🔥. 🔥 27 Jan 2025 Candle: The red candle with high volume is concerning, but no follow-through happened 📉. The stock bounced back quickly, which we can consider as a shake-out 🌪️. 📏 Position Sizing: Due to the deep stop-loss (20.9%), position sizing is crucial to manage risk effectively ⚖️. "The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett 💬 Disclaimer: This analysis is educational and not financial advice. Always do your own research 📚 and consult a professional advisor 💼 before making any trading decisions. Stock market investments are risky, and past performance doesn't guarantee future returns 💡.
NSE:LAURUSLABSLong
by sagartharayil
Ascending Triangle Pattern in BAJAJ FINANCEChart Analysis & Trade Setup Stock: Bajaj Finance Ltd (NSE) Timeframe: 1W (Weekly Chart) Technical Analysis: Resistance Zone (Orange Region): The price has faced multiple rejections in this zone historically. The stock has now broken above this resistance, signaling a potential breakout. Support Levels: Purple Trendline: Long-term ascending trendline acting as dynamic support. Blue Zones: These levels indicate past significant buying areas. Breakout Confirmation: Trade Plan: Entry: Around ₹7,899 - ₹8,000, post-breakout confirmation. Stop Loss (SL): Placed at ₹7,600 (below breakout zone). Target: ₹10,000 (based on breakout projection and past price action). Risk-to-Reward (RR) Ratio: Target Gain: ₹2,000 (from ₹8,000 to ₹10,000) Risk (SL): ₹400 (from ₹8,000 to ₹7,600) RR Ratio: 5:1 (Favorable trade setup) Expected Price Movement: The price is expected to retest the breakout zone around ₹8,000 before moving higher. If the retest holds, the stock may rally toward ₹9,200 - ₹10,000.
NSE:BAJFINANCELong
by shailesh_desai_5050
Coal India. Buy the Dip?Stock: Coal India (COALINDIA) Current Price: ₹385.05 Technical Analysis: 1⃣ Descending Channel: The stock is trading within a descending channel, forming a base with a potential double-bottom pattern. 2⃣Structure: Lower Lows (LL) and Lower Highs (LH). The overall market structure remains weak. 3⃣200-DMA: Stock is trading below its 200-day moving average, indicating caution for bullish momentum. Trading Plan: Entry: Above ₹400.30 on a breakout candle backed by 3x-5x volume. Stop Loss (SL): ₹352.55 (closing basis). Target Levels: T1: ₹428.30 (7.00%, R:R 0.8:1) T2: ₹458.50 (14.55%, R:R 1.6:1) Positional T1: ₹517.20 (29.20%, R:R 3.7:1) Positional T2 (ATH): ₹544.30 (36.00%, R:R 4.7:1) Key Observations: Dividend Payout: Suitable for long-term investors accumulating during dips. Weakness Trigger: A weekly close below ₹360 could indicate further downside. Risky traders may short below this level. RSI: Needs improvement to signal bullish strength. Momentum Play: Not recommended for short-term traders. Wait for structural change above ₹400. What to Watch During Breakout? Volume Surge: Wide-range breakout candle backed by 3x-5x average volumes. Sustainability: Ensure a close above ₹400 to confirm a breakout. Disclaimer: This analysis is for educational purposes only. Always conduct your own analysis and consult a financial advisor before trading. Trade responsibly and manage risks.
NSE:COALINDIALong
by sagartharayil
UTI Showing signs of reversal. Add to your WL📊 Stock Analysis for UTI AMC 🔘Entry Levels: Initial Entry (Small Qty): ₹1,260 Fresh Entry: Above ₹1,405 (with a strong breakout and good volume) Stop Loss (SL): ₹1,133 (below the 200DMA and major support zone) Target Levels (T): T1: ₹1,405 T2: ₹1,721 Risk-to-Reward (R:R): From Initial Entry to T2: Approx. 1:2.6 From Fresh Entry (T1) to T2: Approx. 1:2 🔘Setup Overview The stock has consistently taken support at the 200 DMA, indicating strong demand at lower levels. It’s currently consolidating near the ₹1,260-₹1,400 zone, forming a potential breakout pattern. A breakout above ₹1,405 with high volume can lead to a new bullish rally. ⚠️Risk Considerations Below ₹1,133, the structure may turn bearish, invalidating the setup. Ensure the breakout above ₹1,405 is confirmed with strong volume and price action. 🔘Reasons for Risk Level The 200 DMA support provides a good risk management level. If the stock breaks down below ₹1,133, it could retest lower levels, indicating a potential trend reversal. ❗️Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
NSE:UTIAMCLong
by sagartharayil
SW Solar, Trendline Breakout. Risky Proposition!!🔍Stock Analysis: SWSOLAR (Sterling and Wilson Renewable) Entry & Stop Loss (SL): 🟢Entry: ₹478.00 🔴Stop Loss (SL): ₹402.10 (on a closing basis) 📊Targets: T1: ₹530.90 T2: ₹608.05 T3: ₹639.00 Positional Long-Term Target: ₹761.80 - ₹790.00 All-Time High (ATH): ₹830.20 Setup Overview: Trend: Downtrend. Now showing signs of a trendline breakout. Moving Average Position: Trading below the 50 and 200 DMA Volume: Huge volume spike today, signalling possible accumulation Earnings: Posted good results today Risk Considerations: Risk Level: High Counter-trend trade with the stock still in a downtrend. Below 50 DMA and 200 DMA, indicating overall bearish sentiment. Reasons for Risk Level: The stock is currently against the primary trend (downtrend). Significant resistance levels need to be broken for sustained upward movement. Notes: While today's huge volume and positive results are encouraging, remember this is a risky bet as we are trading against the trend. Entry requires patience and discipline, and SL must be strictly adhered to on a closing basis. 🛑Disclaimer: This analysis is for educational purposes only. Trading involves risks, and you should consult your financial advisor before making any trades.
BSE:SWSOLARLong
by sagartharayil
SRF Ltd showing bullishness after a long consolidation.SRF Ltd is trading above the trading range and there are chance of the stock travelling forming new highs. The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame. In today's session the stock has move more than 6% and in current week it move 10% (approz). After consolidating in a 40% range for a long time, there are chance the stock can test 4600-4700 levels this year. Target levels :- 4692 Stop Loss :- 2480 Entry can be made once the stock retest the break out zone (around 2750-70). Wait and watch for price action near the zone and trade accordingly.
NSE:SRFLong
by TheMamboMomentum
Pre budget analysis - NiftyPrice has broken the resistances ie lower trend line of the channel and ascending triangle. Now price is nearing the important zone 23300. Sustaining 23000 is important to be bullish. Buy above 23320 with the stop loss of 23280 for the targets 23360, 23400, 23440 and 23480. Sell below 23240 with the stop loss of 23280 for the targets 23200. 23160 and 23120. Do your own analysis before taking any trade. Note : Some times price will move in range before budget day. And may be choppy. Trade mindfully.
NSE:NIFTY
by vanathi
2
Nifty Intraday Analysis for 30th January 2025NSE:NIFTY Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 77.20 Lakh 23500 Strike – 76.50 Lakh 23300 Strike – 56.74 Lakh Put Writing 23000 Strike – 124.33 Lakh 22500 Strike – 102.56 Lakh 229800 Strike – 63.50 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 30th January 2025NSE:BANKNIFTY Index closed near 49165 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 24.61 Lakh 50500 Strike – 18.22 Lakh 49000 Strike – 16.11 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49550 – 49650 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48600 - 48500 range and if this support is broken then index may tank near 48000 - 47900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 23045 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 3.05 Lakh 23250 Strike – 2.41 Lakh 23000 Strike – 2.35 Lakh Put Writing 22300 Strike – 2.67 Lakh 22400 Strike – 2.18 Lakh 22700 Strike – 2.00 Lakh Index has resistance near 23225 - 23275 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 30th January 2025NSE:CNXFINANCE Index closed near 11870 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12200 Strike – 25.54 Lakh 12200 Strike – 12.10 Lakh 12300 Strike – 11.12 Lakh Put Writing 11500 Strike – 9.21 Lakh 11600 Strike – 9.11 Lakh 11800 Strike – 7.54 Lakh Index has immediate resistance near 11975 – 12025 range and if index crosses and sustains above this level then may reach 12125 – 12175 range. Index has immediate support near 11750 – 11700 range and if this support is broken then index may tank near 11625– 11575 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 31, 2025Utilizing 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 - Jan 31, 2025Nifty 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
SRF Update – Trading Near a 3-Year Range Watch for breakout📌 Cheat Entry: ₹2704 📌 Entry: ₹2864 (ATH Level) 📌 Stop Loss: ₹2259.8 (Closing Basis, -16.6%) 📌 Target 1: ₹3386 (+25%, R:R 1:1.5 from Cheat Entry) 📌 Positional Target: ₹3910 (+44.6%, R:R 1:2.7 from Cheat Entry) 💡 How to Trade: 1️⃣ Test Quantities: Add small quantities above the Cheat Entry (₹2704). 2️⃣ Full Entry: Add the rest above the ATH breakout level (₹2864). 3️⃣ Look for a clean breakout with a wide-range candle supported by strong volumes. ⚠️ Position Sizing Tip: The market remains weak. Trade only 10% of your usual position size. Example: If you usually buy 100 stocks, buy 3 above Cheat Entry and the rest above ₹2864 (ATH breakout). ✅ Why Trade This Setup: 🏷️ Stock has been in a range since Oct 2021 and is now trading below its ATH. 📈 Once the ATH is broken, no resistance remains, setting the stage for a potential Stage 2 breakout. 🚀 Stock gapped up on Jan 9, 2025, with volumes 7x-8x higher than previous sessions—a potential breakaway gap. 🔑 Trading above key DMAs, showing resilience in a falling market. ⚠️ Risks to Watch: Nifty 50 & Overall Market: The structure remains Lower-High, Lower-Low (LL-LH). Any bounce could be just a natural pullback within this structure. If Nifty or the broader market falls further, the probability of failure increases significantly. Until Nifty & broader market close above 200 DMA & 50 DMA, and change the structure to HH-HL, the risks are amplified. Probability: 2 out of 3 trades may fail in such conditions. 💡 Pro Tip: Trade small quantities unless you’re skilled at managing risk. Missing a rally is better than burning your capital. 📜 Disclaimer: This analysis is shared for educational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult with a certified financial advisor and consider your risk tolerance before making any trading or investment decisions. 🔍 Final Thoughts: 📊 This trade aligns with the potential for a major breakout, but it’s crucial to manage risk and position sizing carefully. Make decisions based on your risk appetite and always do your due diligence.
NSE:SRFLong
by sagartharayil