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Support and Resistance

Sensex - Expiry day analysis July 8Price moved within a narrow range 83262 to 83516. Did not show any trend strength and did not try to break the range. Price have to sustain above 83520 to be bullish. 83000 is a strong support zone. Buy above 83520 with the stop loss 83400 for the targets 83600, 83720, 83860, 83980, 84100 and 84200. Sell below 83180 with the stop loss of 83300 for the targets 83100, 82980, 82860, 82700, 82580 and 82500. Always do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
2
TCS Eyes Rebound as Strong Support and Results AlignTopic Statement: TCS is currently oversold, with upcoming quarterly results potentially driving a rebound from strong technical support levels. Key Points: * The stock retraced to the 50% Fibonacci level at 3060, aligning with the psychological barrier around 3000 that acted as strong support * Price is now stuck at the 38.2% retracement level at 3421, indicating a key resistance zone to watch * Trading below the 200-day EMA suggests the stock is oversold, offering a rare and attractive investment opportunity in TCS
NSE:TCSLong
by yogeshwar
Nifty50 Analysis for 04/07/2025: 25,400 Key Intraday LevelCurrent Context: Nifty50 trading near 25,400, a tested support zone. Market structure suggests two potential scenarios based on price reaction at this level. 🔍 Key Levels to Monitor Immediate Support: 25,400 (recent price anchor) Next Supports: 25,300 (minor swing low) → 25,220 (major historical base) Near-Term Resistance: 25,480 (recent swing high) Trendline Resistance: 25,575 (drawn from June 30 highs) 📈 Bullish Scenario Framework Observation Criteria: A robust green candle closing above 25,400. Potential Structure: Break above 25,480, Recent Resistance (Orange line) may signal momentum toward 25,575 trendline resistance. Note: Volume confirmation could strengthen validity. 📉 Bearish Scenario Framework Observation Criteria: Strong red candle closing below 25,400. Potential Structure: Sustained move below 25,400 opens 25,300 zone (Blue Line) as next interest area. 25,220 becomes focal point if 25,300 fails to hold. 🔎 Why This Matters 25,400 Significance: Acts as a hinge between recent consolidation (bullish) and distribution (bearish). Volume & Candles: Strength/weakness in breakouts may be validated by volume spikes. Trendline Context: 25,575 aligns with a 4-session descending trendline (tested twice). ⚠️ Disclaimer This idea highlights observed market structure levels and is not trading advice. It does not constitute a recommendation to buy/sell securities or any financial instrument. Market conditions change rapidly; always conduct independent analysis and consider your risk tolerance before trading. Past performance is not indicative of future results.
NSE:NIFTY
by Alert_Trader