how to draw support & resistance Open a price chart. The first step is to identify the instrument you want to analyze. ...
Find the significant highs and lows. ...
Draw the support and resistance lines. ...
Check for validity. ...
Support. ...
Resistance. ...
Horizontal support and resistance levels. ...
Trendline support and resistance.
Support and Resistance
Database trading Results show that migration to a MongoDB database would be most beneficial in terms of cost, storage space, and throughput. In addition, organisations wishing to take advantage of autoscaling and the maintenance power of the cloud should opt for a cloud native solution.
Charges / registration: The online database ist free. A registration or a subscription is possible but not necessary. Registered users can download larger amounts of data per extraction and can save the data extractions in their own profile. Monthly Comtrade database requires registration.
PCR in trading The Put-Call Ratio (PCR) is a popular technical indicator used by investors to assess market sentiment. It is calculated by dividing the volume or open interest of put options by call options over a specific time period. A higher PCR suggests bearish sentiment, while a lower PCR indicates bullish sentiment.
High PCR (> 1) - This indicates more put options are being traded than call options, suggesting a bearish sentiment, and traders expect the market to go down. Low PCR (< 1) - This indicates more call options are being traded than put options, suggesting a bullish sentiment, and traders expect the market to go up.
The relative strength index (RSI)The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security.
The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
ADX learn in trading The Average Directional Index (ADX) is a technical analysis tool that measures the strength of trends. It is a standard analytical tool provided by most trading platforms. To quantify a trend's strength, the calculation of the ADX is based on the moving average (MA) of a price range expansion over a certain timeframe.
The traditional setting for the ADX indicator is 14 time periods, but analysts have commonly used the ADX with settings as low as 7 or as high as 30. Lower settings will make the average directional index respond more quickly to price movement but tend to generate more false signals.
LICI: Oversold at Key Accumulation Zone Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average.
Key Points:
1. The stock is trading in an accumulation zone around the crucial 900 level.
2. 900 corresponds to the 50% retracement level, indicating a potential support zone.
3. The price is below the 180-day moving average, signaling oversold conditions.
Finnifty Intraday Analysis for 27th December 2024NSE:CNXFINANCE
Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 4.68 Lakh
23900 Strike – 3.59 Lakh
23800 Strike – 3.14 Lakh
Put Writing
23800 Strike – 3.17 Lakh
23500 Strike – 2.49 Lakh
23700 Strike – 2.48 Lakh
Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
Nifty Intraday Analysis for 27th December 2024NSE:NIFTY
Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 47.77 Lakh 23800 Strike – 40.96 Lakh
24900 Strike – 24.34 Lakh
Put Writing
23800 Strike – 45.67 Lakh
23500 Strike – 27.12 Lakh
24000 Strike – 23.58 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
Banknifty Intraday Analysis for 27th December 2024NSE:BANKNIFTY
Index closed near 51170 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
52000 Strike – 10.74 Lakh
51500 Strike – 8.25 Lakh
52500 Strike – 6.27 Lakh
Put Writing
51500 Strike – 8.44 Lakh
51000 Strike – 7.60Lakh
50000 Strike – 7.18 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range.
Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
Midnifty Intraday Analysis for 27th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12790 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12800 Strike – 13.01 Lakh
12900 Strike – 8.24 Lakh
13000 Strike – 9.87 Lakh
Put Writing
12500 Strike – 10.98 Lakh
12800 Strike – 10.11 Lakh
12700 Strike – 8.34 Lakh
Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
Nifty levels - Dec 30, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
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BankNifty levels - Dec 30, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Sensex LevelsAs of December 26, 2024, the S&P BSE Sensex closed at 78,472.48.
Support and Resistance Levels:
Resistance Levels:
R1: 78,900
R2: 79,450
R3: 80,000
Support Levels:
S1: 78,000
S2: 77,500
S3: 77,000
These levels indicate potential zones where the Sensex might face buying or selling pressure:
If the index moves upwards, it may face resistance near 78,900 or higher at 79,450.
If it declines, it could find support around 78,000 or lower near 77,500.
Technical Observations:
The current trend shows consolidation near the 78,500 mark, with RSI in a neutral zone indicating balanced momentum.
A breach of 79,000 could signal bullish momentum, while a drop below 78,000 may indicate further weakness.
KOTAKBANK LevelKOTAKBANK
Resistance 1900 Watching above 1902 for upside movement ...
Support area 1770 Below 1785 ignoring upside momentum for intraday
Support 1770 Watching below 1569 or downside movement ...
Resistance area 1900
Above 1785 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
SWIGGY LevelsAs of December 26, 2024, Swiggy Limited (NSE: SWIGGY) closed at ₹559.05.
Support and Resistance Levels:
Resistance Levels:
R1: ₹597.39
R2: ₹612.57
R3: ₹627.14
Support Levels:
S1: ₹567.64
S2: ₹553.07
S3: ₹537.89
These levels suggest that if the stock price rises, it may encounter resistance around ₹597.39 to ₹627.14. Conversely, if the price declines, it may find support between ₹537.89 and ₹567.64.
These support and resistance levels are based on pivot point calculations, which are commonly used in technical analysis to identify potential price reversal points.
Please note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
RELIANCE Support and Resistance As of December 26, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,268.05.
Technical analysis indicates the following support and resistance levels:
Support Levels:
S1: ₹1,250.52
S2: ₹1,227.68
S3: ₹1,215.37
Resistance Levels:
R1: ₹1,285.67
R2: ₹1,297.98
R3: ₹1,320.82
These levels suggest that if the stock price declines, it may find support between ₹1,215.37 and ₹1,250.52. Conversely, upward movements may encounter resistance between ₹1,285.67 and ₹1,320.82.
OBEROIRLTY Support & Resistance As of December 26, 2024, Oberoi Realty Limited (OBEROIRLTY) closed at ₹2,290.50, marking a 1.25% increase from the previous close of ₹2,262.30.
MARKETWATCH
The stock's 52-week range spans from a low of ₹1,268.15 to a high of ₹2,341.15, reached on December 17, 2024.
FINANCIAL MARKETS
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹2,210
₹2,172
₹2,108
EQUITYPANDIT
Resistance Levels:
₹2,312
₹2,376
₹2,444.45
EQUITYPANDIT
BAZAAR TREND
These levels suggest that if the stock price declines, it may find support between ₹2,108 and ₹2,210. Conversely, upward movements may encounter resistance between ₹2,312 and ₹2,444.45.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹2,328.47
Support 1 (S1): ₹2,284.88
Resistance 1 (R1): ₹2,366.43
TOP STOCK RESEARCH
Weekly Pivot Points:
Pivot: ₹2,347.43
Support 1 (S1): ₹2,241.52
Resistance 1 (R1): ₹2,447.07
TOP STOCK RESEARCH
These pivot points can serve as additional indicators for potential price movements.
It's important to note that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
HDFCBANK Levels As of December 26, 2024, HDFC Bank's stock (HDFCBANK) closed at ₹1,798.10. The stock has been trading below its 52-week high of ₹1,880.00, reached on December 9, 2024.
Technical analysis indicates the following support and resistance levels:
Support Levels:
₹1,777
₹1,763
₹1,746
Resistance Levels:
₹1,808
₹1,826
₹1,840
These levels suggest that if the stock price declines, it may find support around ₹1,746 to ₹1,777. Conversely, upward movements may encounter resistance between ₹1,808 and ₹1,840.
Additionally, pivot point analysis provides the following levels:
Daily Pivot Points:
Pivot: ₹1,794.50
Support 1 (S1): ₹1,777.00
Resistance 1 (R1): ₹1,808.25
Weekly Pivot Points:
Pivot: ₹1,802.83
Support 1 (S1): ₹1,735.72
Resistance 1 (R1): ₹1,838.62
These pivot points can serve as additional indicators for potential price movements.
It's important to note that trading volumes have been below the 50-day average, which may influence price volatility. For instance, on December 26, 2024, the trading volume was 5,240,839 shares.
Please remember that stock prices are influenced by various factors, and past performance does not guarantee future results. It's advisable to conduct thorough research or consult a financial advisor before making investment decisions.
If TATA MOTORS breaks the price band and resistance
If TATA MOTORS breaks the price band and resistance of 764.75 It's a BUY a signal MACD is about to cross and RSI has also increased. It might come back to the level of 764 for retracement to achieve the the TARGET of 927 and keep SL of 649.
TARGET 1-927
TARGET 2-1015
SL-649
The information provided here is for educational and informational purposes only. I am not a SEBI-registered financial advisor, and any suggestions or opinions expressed are solely based on personal research and analysis. Please conduct your own due diligence or consult with a licensed financial advisor before making any investment decisions. Trading in the stock market involves risk, and you should be aware of your own risk tolerance and financial goals before making any investment