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Support and Resistance

Nifty levels - Dec 09, 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
BankNifty levels - Dec 09, 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
BLUEDART - A must watch long term portfolio stock!MONTHLY TF VIEW: Price Observations: 1. Good Volume support 2. Price structure is bullish 3. Reclaiming 9 years BO level 4. Bouncing from Monthly swing 50% fib level. 5. Bouncing from the Weekly Demand zone 6. Earnings are showing good growth as well. Trade Plan: 1. Entry can be planned above 7900 with 15% Sl 2. Targets can be huge 14000 I'm expecting not immediately but eventually will reach there. Since it is a portfolio pick. For swing trade 9000 & 10000 can be considered as the TP levels - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:BLUEDARTLong
by SuperNova396
Maharashtra Seamless Ltd looks good Technically.-Trendline breakout with high volume. -Ideal entry missed -Now at another important resistance. If broken and sustained then there is scope for further upmove. -Volume picking up with price movement. -Dry volume during pull backs. -Good ROCE -Good ROE -Debt-free company. -Profit growth of 26.3% CAGR over last 5 years These are the reasons for picking this stock. This is a positional pick. SL is very deep so position size it or adjust the SL as per your trading style/ Risk appetite. The chart shared is for educational purposes. Please do your due diligence before investing.
NSE:MAHSEAMLESLong
by sagartharayil
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame RSI going up continuously, still not in overbought zone MACD is looking good Price is above 20 Months EMA volume is good for past 4-5 months Crossed 930 resistance with good volume DII has increased holding in June and Sep 2024, FII has decreased holdings Target 1 : 1160++ Target 2 : 1350 , This could be next Resistance if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
NSE:PAYTMLong
by maruviral
BankNifty Intraday Support & Resistance Levels for 06.12.2024On Thursday, BankNifty displayed strong momentum. After an early drop to a low of 52850.35, it surged during the final trading hours to a high of 53888.30, touching the Weekly Supply Zone. It closed at 53603.55, marking a gain of 336 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is firmly positive, reflecting underlying strength. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m): 52563.20 - 52780.90 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Analysis for 5th December 2024NSE:NIFTY Index closed near 24465 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 157.50 Lakh 24800 Strike – 116.87 Lakh 24500 Strike – 107.03 Lakh Put Writing 24000 Strike – 130.13 Lakh 23800 Strike – 122.09 Lakh 23900 Strike – 84.79 Lakh Index has resistance near 24550 – 24575 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range. Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24200 – 24150 range.
NSE:NIFTYLong
by RKMAURYA