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Support and Resistance

GBPUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GBPUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
by tradergyan01
1
BankNifty Intraday Support & Resistance Levels for 30.09.2024On Friday, BankNifty opened 36 points lower and failed to recover, dropping over 600 points due to selling pressure in banking stocks. It closed at 52,834.30, losing 541 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive. On the weekly chart, BankNifty formed a gravestone doji, which could indicate a potential trend reversal from recent highs. Demand/Support Zones: Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25 Near Demand/Support Zone (125 min) for weekly trade: 52,847.90 - 53,136.10 Far Demand/Support Zone (30 min): 52,403.80 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Supply/Resistance Zones: Near Supply/Resistance Zone (75 min) for weekly trade: 54,152.50 - 54,338.70
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 30.09.2024On Friday, Nifty opened with a gap up, hitting a new all-time high of 26,277.35. However, some profit booking led to a drop of 125 points from the top, with Nifty closing at 26,178.95, losing 37 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain overbought. Demand/Support Zones: Near Demand/Support Zone (75 min): 26,035.65 - 26,113.95 Far Minor Demand/Support Zone (15 min): 25,923 - 25,948.85 Far Demand/Support Zone (75 min): 25,871.35 - 25,902.30 Far Demand/Support Zone (Daily): 25,285.55 - 25,611.95 Supply/Resistance Zones: No supply/resistance zones visible on the chart currently.
NSE:NIFTY
by PriteshPal