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Support and Resistance

Bank Nifty Weekly Analysis for June 30, - 04, July - 2025The Bank Nifty index, as of June 28, 2025, shows a bullish outlook based on recent market data and technical analysis, though traders should remain cautious due to potential volatility and resistance levels. Here's a detailed analysis for today: Market Performance and Sentiment Recent Performance: The Nifty Bank index closed at 57,443.90 on June 27, 2025, with a gain of 237.20 points (+0.41%), indicating continued bullish momentum. The index has been trading near its 52-week high of 57,475.40, reflecting strong sectoral leadership. Posts on X suggest that Bank Nifty has outperformed the Nifty 50, which is 2.5% below its all-time high, with a target of 59,000. Market Sentiment: Positive global cues, including a ceasefire between Israel and Iran, falling crude oil prices, and dovish signals from the U.S. Federal Reserve, have boosted risk appetite, supporting the banking sector's rally. Foreign Institutional Investors (FIIs) have been net buyers for four consecutive months, further fueling bullish sentiment. However, significant open interest (OI) buildup in the last two days suggests potential for abnormal volatility in the near term. ~~~ Technical Analysis ~~~ Current Levels and Trends: The index is closing at around 57,443.90, with a gain of 0.41%. The advance/decline ratio is positive at 8:4, indicating broader participation in the uptrend. The index is trading above key exponential moving averages (20-day, 50-day, and 200-day EMAs), confirming a strong upward trend on the weekly timeframe. # Support and Resistance: Support: Strong support is noted around 57,000, which has held well in recent sessions. A break below this could drag the index to 56,400–56,000. Additional support lies at 55,500, a critical level for maintaining bullish bias. Resistance: Immediate resistance is at 57,500–57,800. A decisive break above 57,800 could push the index toward 58,000–58,400. Call options at 56,500 and 57,000 show significant open interest, reinforcing these as key resistance levels. Technical Indicators: The Relative Strength Index (RSI) on the weekly timeframe is at 67.31, showing a reversal toward the upside, indicating strengthening momentum. However, a bearish divergence on the 4-hour chart remains unresolved, suggesting a potential correction toward 52,000 if the bullish structure weakens. -- Bullish trend, next target 61,000 if we break and close above 57,800 on weekly timeframe -- Chart for reference. - Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. #Boost and comment will be highly appreciated
NSE:BANKNIFTYLong
by renderwithme
BANNK-NIFTY LEVELS FOR INTRADAY (EDUCATIONAL PURPOSE) 27/05/2025📊 Bank Nifty Intraday Trading Plan (27th June) 🕐 Chart: 15-min (analysis) | 1-min (execution) 🔍 Trend: Strong breakout above 57100 📈 If Gap-Up Opening above 57200: ✅ Buy on 1-min bullish candle close above 57250 🎯 Target: 57350 / 57420 🛑 SL: 57160 ⚠️ Avoid chasing — wait for retest & strength confirmation. 📉 If Gap-Down Opening below 57000: ✅ Sell below 56950 with breakdown confirmation 🎯 Target: 56800 / 56650 🛑 SL: 57060 ⚠️ Avoid shorting if 56800 is defended strongly. 💡 Golden Tip: Use VWAP & Volume on 1-min for entry validation. No trade = Best trade if there's no clarity.
NSE:BANKNIFTYShort
by TradesWithTapas
NIFTY LEVELS FOR INTRADAY ( EDUCATIONAL PURPOSE) 27/06/2025📊 Nifty Intraday Scalping Strategy – 27th June 📈 Chart Analysis: 15-min 📉 Execution: 1-min 🚀 Strong Momentum Above 25,550 🔼 If Gap-Up or Breakout Above 25,580: ✅ Buy above 25,580 on 1-min breakout 🎯 Target: 25,650 / 25,700 🛑 SL: 25,520 ⚠️ Wait for retest if opening is volatile 📉 If Gap-Down Below 25,480: ✅ Sell below 25,470 on weakness 🎯 Target: 25,400 / 25,350 🛑 SL: 25,530 ⚠️ No short if 25,450 holds with volume support 🔁 Sideways Note: 🔹 Don’t chase trades in first 5 mins 🔹 Use VWAP & 1-min candle structure for clean entries
NSE:NIFTYLong
by TradesWithTapas
Trading Analysis for Gold Spot / U.S. Dollar (15-Minute Chart) Based on the provided 4-hour chart for Gold Spot / U.S. Dollar (XAU/USD), published by NaviPips on TradingView.com on June 24, 2025, at 19:14 UTC, here’s a suggested trading setup for a buy position: Current Price and Trend: The current price is 3,300.955, reflecting a decline of -13.870 (-0.42%). The chart shows a recent downtrend with a potential support level forming near the current price. Buy Entry : Enter a buy position at 3,300.955 (current price), as it aligns with a potential support zone where the price has stabilized. This level could serve as a base for a reversal or bounce. Stop Loss: Place a stop loss at 3,293.294, below the recent low, to protect against further downside. This level is approximately 7.661 points below the entry, defining the risk. Take Profit Levels: Take Profit 1: 3,317.960, a conservative target about 17.005 points above the entry, aligning with a minor resistance zone. Take Profit 2: 3,324.255, a mid-range target indicating a moderate upward move. Take Profit 3: 3,344.000, a deeper target reflecting a stronger bullish reversal. Price Action: The chart indicates a downtrend with a possible exhaustion near the current level, supported by the horizontal dashed line (potential support). A break above the recent consolidation could confirm the buy setup. Risk-Reward Ratio: The distance to the stop loss (7.661 points) compared to the take profit levels (17.005 to 43.045 points) offers a favorable risk-reward ratio, particularly for Take Profit 3. Conclusion Enter a buy at 3,300.955, with a stop loss at 3,293.294 and take profit levels at 3,317.960, 3,324.255, and 3,344.000. Monitor the price action for confirmation of a reversal, and be cautious of potential continued bearish momentum given the recent trend.
OANDA:XAUUSDLong
by NaviPips
4
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), published by NaviPips on TradingView.com on June 25, 2025, at 12:28 UTC, here’s a suggested trading setup for a sell position: Current Price and Trend: The current price is 3,331.315, with a slight decline of -1.390 (-0.04%). The chart shows a recent downtrend with a potential resistance zone near the current price. Sell Entry Options: 1st Entry: Enter a sell position at 3,355.490, aligning with the upper resistance level marked, where the price may face rejection. 2nd Entry: Enter a sell position at 3,344.221, a secondary resistance level if the price retraces slightly. Stop Loss: Place a stop loss at 3,357.831, above the recent high, to protect against an upward breakout. This level is approximately 2.341 points above the 1st entry and 13.610 points above the 2nd entry, defining the risk. Take Profit Levels: Take Profit 1: 3,325.242, a conservative target about 30.248 points below the 1st entry and 18.979 points below the 2nd entry. Take Profit 2: 3,316.079, a mid-range target approximately 39.411 points below the 1st entry and 28.142 points below the 2nd entry. Take Profit 3: 3,304.625, a deeper target about 50.865 points below the 1st entry and 39.596 points below the 2nd entry. Take Profit 4: 3,286.474, the furthest target, approximately 69.016 points below the 1st entry and 57.747 points below the 2nd entry. Price Action: The chart indicates a downtrend with a recent bounce that may be exhausting near the 1st and 2nd entry levels. The 1:2 risk-reward ratio zone suggests a potential reversal point. Risk-Reward Ratio: . For the 1st entry (3,355.490), the stop loss to Take Profit 4 distance (69.016 points) offers a 1:2 risk-reward ratio with Take Profit 2 (39.411 points). For the 2nd entry (3,344.221), the stop loss to Take Profit 4 distance (57.747 points) also aligns with a favorable risk-reward profile. Conclusion Option 1: Sell at 3,355.490 with a stop loss at 3,357.831 and take profit levels at 3,325.242, 3,316.079, 3,304.625, and 3,286.474. Option 2: Sell at 3,344.221 with a stop loss at 3,357.831 and the same take profit levels. Monitor the price action for confirmation of a reversal at the entry levels, and be cautious of potential bullish momentum if the price breaks above the stop loss.
OANDA:XAUUSDShort
by NaviPips
MMP INDUSTRIES technical analysisMMP Industries Ltd. is engaged in the production of aluminum powders, foils, and specialty pastes used across defense, automotive, packaging, and construction sectors. It serves both domestic and export markets with a focus on customized high-performance material applications. The stock is currently trading at INR 267.85, showing price consolidation within a broader structural range. Key Levels Support Levels: INR 170.62, INR 232.02, INR 274.60, INR 309.65 Swing Level: INR 267.85 Possible Upside: INR 443.90, INR 505.30, INR 583.50 Technical Indicators RSI (Relative Strength Index): Currently at 51.69, suggesting neutral momentum. While not weak, the stock lacks directional conviction and awaits a fresh catalyst. Volume: Gradual pickup observed. Sustained accumulation around current levels, if paired with positive price action, could trigger directional movement. Sector and Market Outlook MMP operates in the industrial materials and value-added metals segment, which is favored in current macro conditions due to: Tailwinds from infrastructure and defense-led manufacturing demand Global push for lightweight and efficient packaging solutions Export diversification into regulated applications like pharma and pyrotechnics Challenges include fluctuating input costs, competitive intensity from global suppliers, and cyclicality in user industries. Latest Developments Capacity Expansion: Commissioning of new units for aluminum foil and atomized powder production Export Orders: Rising international sales, particularly in performance-sensitive applications Financial Performance: Sequential improvement in operating margins and an encouraging order pipeline Dividend Update Declared a ₹2.50 per share dividend, consistent with its capital-light approach and long-term reinvestment focus. Analysis Summary MMP Industries is showing early signs of accumulation within a broader consolidation phase. While it remains technically neutral for now, improving volume trends and stable fundamentals position it well for potential upside when broader sector momentum returns. Investors may consider keeping it on radar as a value pick within the industrial materials space.
NSE:MMPLong
by TechnicalAnalystSucrit
HCL Tech Recovers Strongly, Eyes Resistance at Key Double Top LeTopic Statement: HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone. Key Points: * The stock is moving in a mildly bullish up-trending channel * The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery * The 180-day moving average at 1400 provided strong support, confirming it as a key technical level * Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
NSE:HCLTECHLong
by yogeshwar
1
BANK NIFTY Levels For Intraday ( Educational Purpose) 26/06/2025🚨 Bank Nifty Intraday Plan (for 1-Min Traders) – 26th June 🟢 If Gap-Up Opening ✅ Buy above: 56,650 🎯 Target: 56,820 / 56,950 🛑 SL: 56,550 🚫 Avoid trade if no volume or false breakout at high. 🔴 If Gap-Down Opening ✅ Sell below: 56,500 🎯 Target: 56,320 / 56,150 🛑 SL: 56,600 🚫 Avoid short if price recovers above 56,600. 📍 Use 1-min chart with confirmation of 3 candles & volume surge.
NSE:BANKNIFTY
by TradesWithTapas
NIFTY Levels For Intraday (Educational Purpose) 29/06/2025📊 Nifty Intraday Plan (for 1-Min Chart Traders) – 26th June 🟢 Gap-Up Opening Strategy ✅ Buy above: 25,270 🎯 Targets: 25,320 / 25,380 🛑 SL: 25,210 ⚠️ Avoid entry if no strong volume or if price gets rejected near 25,300. 🔴 Gap-Down Opening Strategy ✅ Sell below: 25,180 🎯 Targets: 25,120 / 25,050 🛑 SL: 25,240 ⚠️ Avoid selling if Nifty holds above 25,200 after 15 mins. 📍 Use 1-min chart with candle + volume confirmation.
NSE:NIFTY
by TradesWithTapas