Get started

Support and Resistance

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
Nifty - Expiry day analysis July 3Price has broken the trend line and gave nice fall. Now price has formed support at 25400 zone and trying to move up. 25520 is the near by resistance/support. Buy above 25440 with the stop loss of 25390 for the targets 25480, 25520, 25580, 25640 and 25700. Sell below 25340 with the stop loss of 25390 for the targets 25300, 25240, 25200, 25160, 25100 and 25060. Expected expiry day range is 25200 to 25800. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
7
ITC will start going downwards soonTECHNICAL INDICATORS - DOUBLE TOP PATTERN : Recently NSE:ITC has formed a double top pattern indicating strong bearish potential for the stock Double top is formed when 2 consecutive peaks are formed with a dip or low between them HANGING MAN CANDLESTICK : The stock has also formed a hanging man candlestick which denotes reversal of upward trend to downward trend Hanging man is formed when a candlestick has long lower shadow and small upper body at the top STRONG SUPPORT-RESISTANCE ZONE : The stock has also taken reversal from a very strong support-resistance zone twice in the last 1 month indicating very stong momentum for the stock to go downwards PROFIT TARGET : 411 STOP LOSS : 435
NSE:ITCShort
by peace_lover
2
ASAHIINDIA Ready to Shine: Breakout in Focus!Asahi India Glass Ltd is India’s leading automotive and architectural glass manufacturer, backed by robust industry demand, especially in the auto and infrastructure space. The company holds a dominant position in OEM and aftermarket auto glass supply. Market Cap: ~₹21,300 Cr P/E Ratio: 48.19 (slightly overvalued but justified by strong growth) ROE: ~18.75% (Healthy) Debt to Equity: 0.31 (Well-managed leverage) Profit Growth (YoY): 57.7% Revenue Growth (YoY): 25.6% Key Insight: The company benefits from tailwinds in the automobile sector and increasing demand for energy-efficient architectural glass Technical Outlook As per the attached chart, ASAHIINDIA has broken out of a multi-month consolidation zone, with a strong bullish candle crossing the breakout level. Breakout Zone: ₹835–₹852 (highlighted in pink) Reversal Zone (Demand Zone): ₹735–₹767 (highlighted in green) Current Price Action: Testing breakout level with high momentum. Sustained closing above ₹852 could trigger further upside. Resistance Levels to Watch: R1: ₹935 R2: ₹1008 R3: ₹1130 🧭 Strategy Suggestion: Swing Traders: Watch for a daily close above ₹852 for confirmation. First target ₹935. Positional Investors: Accumulate on dips near the ₹770–₹800 zone with SL below ₹735. Conclusion Asahi India is technically breaking out from a major structure with strong bullish volume and price action. With sound fundamentals and sectoral tailwinds, the stock presents an opportunity for both short- and medium-term bullish trades. Disclaimer: lnkd.in
NSE:ASAHIINDIA
by ALICEBLUE
ALKYL AMINES: A classical channel BO with 1:7 RR• AlKYL AMINES was moving in a downward parallel channel from Q4-2022. • A perfect channel could be fitted on the downtrend • Last 3 weeks there is a significant volumn spike in the stock. • Last week closing was above the downward channel • If this week closing is above previous week closing then bullish move confirmed • Swing stop loss is 2160 • Positional sl is 2031 • Target are mentioned in the chart. • An opportunity of 1: 5 RR in swing trending. • Positional trader may hold this trade till ATH @4725 with a 1: 7 RR. • Idea is for educational purpose and explore the price action learning with trading psychology. • Have fun traders!!! 😊
NSE:ALKYLAMINELong
by trader_ghosh
Biocon Trades in Volatile Range Between Strong Support and StiffTopic Statement: Biocon's stock has been stuck in a broad sideways zone, oscillating between key support and resistance levels. Key Points: * The price has corrected and repeatedly found strong support at the 50% retracement level around 300 * It faces stiff resistance at 400, which has consistently acted as a tough barrier to further upside * Overall, the price remains trapped in a volatile sideways zone between 200 and 400, limiting decisive directional moves
NSE:BIOCON
by yogeshwar
Buy Opportunity in GoldI am watching it since 1 month. The Gold had taken its retracement. On lower (1h and 4H) timeframe, It traded in strong trends' zones which were broken yesterday. Now the crocodile traders should wait for its resistance zone and get a signal on 1 h or 4h timeframe to buy above resistance zone, above 3360. An H4 healthy candle closing above this resitance zone will pave the way into another test of 3422 area, not putting any TP though as my target is 5000 (fundamentaly).
ICMARKETS:XAUUSDLong
by hameedops
Trading Analysis for Gold Spot / U.S. Dollar (15-Minute Chart) Based on the provided 15-minute chart for Gold Spot / U.S. Dollar (XAU/USD) and the specified data, here’s a suggested trading setup for a sell position: Current Price and Trend: The current price is not explicitly provided, but the entry price is set at 3,336.00. The chart suggests a potential resistance zone near this level, with a recent uptrend showing signs of exhaustion. Sell Entry: Enter a sell position at 3,336.00, aligning with the specified entry price where the price may face rejection due to resistance. Stop Loss: Place a stop loss at 3,346.00, above the recent high, to protect against an upward breakout. This level is 10.00 points above the entry, defining the risk. Take Profit Levels: Take Profit 1: 3,331.00, a conservative target 5.00 points below the entry. Take Profit 2: 3,326.00, a mid-range target 10.00 points below the entry. Take Profit 3: 3,321.00, a deeper target 15.00 points below the entry, aligning with a potential support zone. Price Action: The chart indicates a peak near the entry level, with a bearish reversal signal suggested by the candlestick pattern and resistance line. Risk-Reward Ratio: The distance to the stop loss (10.00 points) compared to the take profit levels (5.00 to 15.00 points) offers a mixed risk-reward profile. Take Profit 2 and 3 provide a 1:1 and 1:1.5 ratio, respectively, making this a balanced short-term trade. Conclusion Enter a sell at 3,336.00, with a stop loss at 3,346.00 and take profit levels at 3,331.00, 3,326.00, and 3,321.00. Monitor the price action for confirmation of a downtrend, and be cautious of a potential upward move if the price breaks above the stop loss level.
OANDA:XAUUSDShort
by NaviPips