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Support and Resistance

TATASTEEL Support & Resistance #TATASTEEL Current Price: The current price is 166.55, showing a recent uptrend. Support Levels: Around 145-150: This area served as a key support level in recent months. Around *160: Prior support and resistance levels clustered around this zone. Resistance Levels: *170: The stock faced resistance here before declining in previous rallies. *175-180: A major resistance zone, based on previous peaks (March, June). Buy Entry: Consider entering between 160-165 if there is a pullback to this level. This zone aligns with prior support, and buying on dips is safer if the uptrend holds. Sell (Profit-Taking): First Target: 170-175: The stock may face resistance around this level. It is ideal for taking partial profits. Second Target: *180: If the stock breaks the *175 resistance, *180 could be a solid second target. Stop-Loss: Place a stop-loss around €150-155, below the recent low, to protect against downside risks. Hold Decision: If the stock maintains above €170 with increasing volume, it might be worth holding for a further breakout beyond 180 for extended gains.
NSE:TATASTEELLong
by SkyTradingZone
#RENUKA Shree Renuka Sugars has broken out #RENUKA Shree Renuka Sugars has broken out of a bullish cup-and-handle pattern on the weekly chart, signaling strong upward momentum. The stock is trading at ₹53.05, with resistance at *55 and ₹60, and support at *48 and €44. A significant volume spike during the breakout indicates institutional buying, further confirming the strength of the move. Ideal entry point: Around 50-52 for swing traders, with potential short-term targets of *55 and 60. A stop-loss around 48 is recommended to manage risk. SHREE RENUKA SUGARS LTD-TW-NSE 028.30 H30.50 £6.95 €17.05-1.25 -4.420
NSE:RENUKALong
by SkyTradingZone
FILUSDT: Is This a Bull Trap or a Breakout?Yello Paradisers! Is FILUSDT gearing up for a bullish run, or is this just another fake-out? The recent breakout from a resistive trendline and the formation of a W-pattern are raising hopes of a potential bullish move. But, as always, the devil is in the details. 🧐 💎If FILUSDT breaks out and closes a candle above the resistance zone, it will confirm the W-pattern, significantly increasing the probability of a bullish rally. This would be the ideal entry point for those looking to ride the uptrend. 💎In case of a pullback, we can expect a bounce from the support zone. However, if the overall market shows heavy bearish momentum, it's wiser to ignore any long entries. Here, scalping opportunities might arise, but they should be approached cautiously. 💎For a stronger confirmation of bullish strength from the support zone, we need to see an I-CHoCH (Internal Change of Character) that indicates a shift toward a bullish market structure. Without this, any move upwards could be weak and short-lived. 💎Be vigilant! If FILUSDT breaks down and closes a candle below the support zone, it will invalidate the entire bullish idea. In such a case, the market could swiftly switch gears, turning this setup into a bearish trap. 🎖Staying disciplined and waiting for clear confirmations will be crucial here, Paradisers. Remember, it’s better to miss a trade than to be caught on the wrong side. Stay safe and patient—this market rewards the sharp and the strategic! 💎 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
TATA STEEL 1HRINTRADAY TRADE - EARN WITH ME DAILY 10K-20K – TATA STEEL Looking good for Downside.. When it break level 166.57 and sustain.. it will go Downside... SELL @ 166.57 Target 1st 165.74 2nd 164.72 FNO TATA STEEL OCT FUT – LOT 5 (Qty-27500) TATA STEEL OCT 172.5 PE – LOT 1 (Qty-5500) – PRICE (8.15) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:TATASTEELShort
by Prashant019
Banknifty Intraday Analysis for 27th September 2024NSE:BANKNIFTY Index closed near 54375 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 54000 Strike – 18.18 Lakh 54500 Strike – 15.88 Lakh 55000 Strike – 15.67 Lakh Put Writing 54000 Strike – 23.82 Lakh 53500 Strike – 12.59 Lakh 53000 Strike – 10.77 Lakh Index has resistance near 54500 – 54600 range and if index crosses and sustains above 54600 level then may reach near 55000 – 55100 range. Index has immediate support near 53850 – 53700 range and if this support is broken then index may tank near 53300 - 53100 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 27th September 2024NSE:CNXFINANCE Index closed near 25155 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 4.86 Lakh 25000 Strike – 4.20 Lakh 25200 Strike – 3.85 Lakh Put Writing 25000 Strike – 6.33 Lakh 24500 Strike – 4.99 Lakh 24900 Strike – 3.86 Lakh Index has resistance near 25200 - 25250 range and if index crosses and sustains above 25250 level then may reach near 25400 - 25450 range. Index has immediate support near 25850 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:CNXFINANCELong
by RKMAURYA