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Support and Resistance

SBIN Blueprint --- ### **State Bank of India (SBI) – Overview** * **Type:** Public Sector Bank (PSB) * **Founded:** 1806 (as Bank of Calcutta), renamed SBI in 1955 * **Headquarters:** Mumbai, India * **Presence:** 20,000+ branches and 60,000+ ATMs across India --- ### **Business Model** SBI operates on a **classic banking business model**: 1. **Deposit & Lending** * Collects money from customers via **savings accounts** and **fixed deposits**. * Lends these funds as **loans** to individuals and businesses. * Main profit comes from the **difference between loan interest and deposit interest**. 2. **Retail Banking** * Services for individual customers: * Current & Savings Accounts * Home, Personal, and Car Loans * Debit/Credit Cards, Net & Mobile Banking 3. **Corporate Banking** * Services for businesses: * Working Capital Loans * Trade Finance (Import/Export) * Cash Management Services 4. **Investment & Treasury** * Sells Government Bonds, Mutual Funds, and Insurance products. * Treasury operations (Forex trading, govt securities) generate additional income. 5. **Other Services** * Insurance: Life & General (SBI Life, SBI General) * Mutual Fund Distribution * Demat & Wealth Management --- ### **Key Points** * Main revenue sources: **interest income** and **fees & commissions**. * Focuses on **financial inclusion**, reaching rural and semi-urban areas. * Government of India owns approximately **57% stake**. ---
NSE:SBIN
by TheGoldenFarmsofEquity
GBP/CHF – Potential Pullback to Supply ZoneGBP/CHF is currently trading around 1.0868 after bouncing from the demand zone near 1.0818. Price is consolidating within a range, showing rejection from the lower support area. Immediate upside target sits around 1.0858 (Target 1), with potential continuation towards the supply zone 1.0890 – 1.0900. If the supply zone holds strong resistance, we could see another move back down to the demand zone 1.0818 – 1.0820. Bias: Bullish short-term towards 1.0858 – 1.0890. Watching for rejection at supply for a potential reversal. Key Levels: Demand Zone: 1.0818 – 1.0820 Target 1: 1.0858 Supply Zone: 1.0890 – 1.0900
Long
by sohail1811
Nifty 15-Minute Analysis – Probable Supply/Demand Levels.Nifty closed today on a weak note when observed on the 15-minute timeframe, suggesting that the index still has room for further downside before any meaningful recovery. Key Observations: Weak Close – The index ended today without showing any strong buying interest near the close, signaling a continuation of bearish momentum. Short-Term Resistance – The first hurdle for any recovery attempt sits near 24950, which aligns with intraday supply zones and minor moving average resistance. Support Zone – The nearest visible support remains around 24700 – 24750, which has acted as a reaction level in the past. Expected Price Action: Immediate Move: A short pullback is likely towards 24950 as sellers allow a relief bounce. Rejection Zone: If price struggles near 24950, fresh short positions may emerge. Downside Continuation: From this rejection, Nifty may head lower towards 24700, with 24750 acting as an intermediate support. Possible Swing Reversal: After testing 24700, there is a probability of a reversal attempt back towards 24870 (today’s closing level) before another leg of selling pressure resumes. Levels to Watch: Resistance: 24950 → 25020 (short-term supply zone) Closing Pivot: 24870 Support: 24750 → 24700 (critical short-term floor) Trading Plan (Not Financial Advice): For Intraday Traders: Look for short opportunities near 24950 if rejection candles form. Target zones: 24800 → 24750 → 24700. For Swing Traders: Watch price behavior around 24700. A sharp bounce from here may give a short-covering rally back to 24870+. Sustained break below 24700 could open further downside. Risk Note: This analysis is based purely on chart structure and momentum on the 15-minute timeframe. Broader market cues (global sentiment, sector performance, macro events) can override intraday patterns. Always use stop-loss and adjust position sizing according to risk appetite.
NSE:NIFTY
by pmdatia
1
Olectra Greentech: Power of the Mother Candle & Zone Flip📊 White trendlines mark the crucial control trend and resistance levels. 🕯️ The bold Mother Candle (highlighted in the orange box) is marked . 💗 Notice the Pink Zone — formerly a tough resistance area — now flipped into strong support after the breakout, a classic supply-to-demand flip! 💎 The Cyan Box highlights an emerging demand zone, where buying interest gathers ⚡ Right side is a Representation of Market structure on the Biggest Time frame ( Monthly time frame ) showcasing a Higher high and Higher low formation and respecting the EMA plotted . This is a stellar example of price structure and supply-demand dynamics in action—perfect study material for keen market observers. ⚠️ Disclaimer: This post is for educational and research purposes only. It does not constitute financial advice or a forecast. Always do your own analysis before making trading decisions.
NSE:OLECTRALong
by Averoy_Apoorv_Analysis
TCS – Wave 2 Correction Nearing Completion?TCS has been in a prolonged corrective phase since the all-time high at ₹4592. The decline has unfolded best as a W–X–Y double zigzag, with the current leg (Wave Y) progressing into its final stages. Wave W ended at ₹3056 after a sharp A–B–C decline. Wave X retraced to ₹3630. Wave Y is in progress, and its C leg appears close to exhaustion. A mini 4th-wave triangle has developed, suggesting a final push lower remains. The termination zone for Wave 2 is highlighted between ₹2926–₹2850, aligning with the prior Wave 4 support zone. Importantly, bullish divergence is likely to emerge on RSI if price makes a marginal new low. Key Levels: Support zone : 2926–2850 (probable Wave 2 low). Bearish invalidation : A sustained move above 3370 would invalidate the immediate bearish count. Bigger picture : If this structure holds, it would complete Wave 2 of a higher degree, setting the stage for a powerful Wave 3 rally ahead. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:TCSLong
by WaveXplorer
Learn & Trade: Nifty StrategiesDaily Nifty chart setups, insights, and detailed trade ideas. Follow for real-time analysis and educational tips—ideal for new and experienced traders looking to learn disciplined market strategies.” 2. “Sharing structured Nifty setups, key trading zones, and transparent trade planning. Join in for actionable analysis, risk management techniques, and a supportive learning environment for all traders.” 3. “A platform dedicated to simplifying technical analysis and real-world trading. Expect clear charts, honest reviews of trades, and an open community to discuss and improve each other’s strategies.” You can use or adapt any of these as your TradingView chart post description or as a community introduction. This combination emphasizes your focus on actionable setups, ongoing learning, and engaging with fellow traders.
NSE:NIFTY
by TradeTravel_Explore
Gold after FOMC: Just a pullback or the start of a new wave?[Background After the early morning FOMC session , Gold is showing signs of a sell-side pullback to gain momentum. On higher timeframes (H4–D1), the structure remains bearish with lower highs . However, consistent buying pressure around 3320 – 3330 keeps this zone as the key battlefield . 🪙 Key Levels Today 🔹 Storm Breaker 🌊 (Sell Zone 3357 – 3355) SL: 3362 TP: 3350 → 3345 → 3340 → 33xx 🔹 Tidal Rebound 🌊⚡ (Sell Scalp 3349 – 3347) SL: 3353 TP: 3345 → 3340 → 3335 → 33xx 🔹 Quick Boarding 🚤 (Buy Scalp 3330 – 3328) SL: 3322 TP: 3335 → 3337 → 3339 → 3341 🔹 Golden Harbor 🏝️ (Buy Zone 3320) SL: 3313 TP: 3325 → 3330 → extend further 📌 Trading Scenarios After FOMC, the market may show rebound waves . During Asia–Europe, price may consolidate between 3345 – 3357 . If price tests Storm Breaker 🌊 → Prioritise Sell setups in line with the main bearish trend. If price drops to Quick Boarding 🚤 or Golden Harbor 🏝️ → Short-term Buy scalps on pullback moves. 📰 Market Context FED remains dovish leaning , with high probability of a rate cut in September (~82%, CME FedWatch) . Geopolitical variables (Trump–Putin, Ukraine) remain unpredictable and may spark sudden volatility. ⚓ Captain’s Note "Let Storm Breaker 🌊 test the buyers’ strength. Those who board at Golden Harbor 🏝️ will be lifted by the waves, but those who drift into the storm will soon feel the sea’s fury."
OANDA:XAUUSDLong
by CaptainVincent
Clean Science: A Hold on Shaky Ground We are initiating coverage on Clean Science and Technology with a Hold recommendation. The company's strong fundamentals are currently overshadowed by significant near-term risks and a high valuation. Investment Case Clean Science is a global leader in its niche, known for its strong financials and high-quality products. However, the stock's recent performance has been concerning, with the price now trading at or near its all-time low since its listing in 2021. The market is reacting to a major promoter stake sale via a block deal, which has created uncertainty. Technical Analysis * The stock is currently trading at or near its all-time low since its IPO in July 2021. * It is in a significant downward trend, with its share price recently falling sharply. * This downward move was triggered by a large promoter stake sale, and the stock is currently testing a key support level. A break below this level could lead to further decline. The Bull Case * Global Dominance: The company is a leading manufacturer of specialty chemicals and holds a dominant position in its key products. * Strong Financials: Clean Science maintains high profit margins and has a debt-free balance sheet, providing financial stability. * Sustainable Innovation: Its focus on eco-friendly, in-house R&D gives it a competitive edge in the long run. The Bear Case * Promoter Selling: The recent block deal by a promoter has shaken market confidence and is the primary reason for the sharp price drop. * Premium Valuation: Despite the significant price fall, the stock still trades at a high valuation, which leaves it vulnerable to any further negative news. * Sectoral Headwinds: The broader specialty chemicals sector is facing a slowdown, which could impact the company's future revenue and earnings.
NSE:CLEANLong
by StockVesters
LIC (Life Insurance Corp of India) – At a Critical Support ZonePrice has pulled back into a strong demand zone, which has acted as a base since the early structure. If this zone holds, we could be looking at the start of Wave 5 thrust, with potential to retest recent highs near 980 and beyond. The RSI is holding higher lows , suggesting underlying strength despite the correction. However, risk management is key: If 874 support fails, then Wave 4 might not be complete yet, and price could slide further to retest the long-term trendline support (currently aligned near 760). The bullish invalidation for this count sits below 760. So, the playbook is simple: Above 874 → bias for Wave 5 continuation. Below 874 → extended Wave 4 correction toward trendline. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making trading decisions.
NSE:LICILong
by WaveXplorer
2