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Support and Resistance

Bajaj Finance Rallies in Bullish Channel Post Stock SplitTopic Statement: Bajaj Finance continues its bullish trend within an up-trending channel, with the recent stock split making the stock more accessible and potentially boosting trading volumes. Key Points: * The stock is moving steadily in a bullish up-trending channel, allowing for consistent channel-based trading * It typically trades above the 180-day exponential moving average, often finding support when touching the EMA * The recent stock split has made the stock price more affordable, which may lead to increased volumes and further upside momentum
NSE:BAJFINANCELong
by yogeshwar
Insightful Dive into Gold Spot / U.S. Dollar (XAU/USD) 15-MinuteHistorical Flow: The chart tracks the Gold Spot / U.S. Dollar (XAU/USD) price action on a 15-minute timeframe from June 22 to June 24, 2025. The price climbed steadily until around 21:00 on June 23, followed by a noticeable drop, suggesting a potential shift from an upward trend to a corrective phase along a descending trendline. Key Levels: Stop Loss: Positioned at $3,382.374 (red line), serving as the upper threshold to exit a short position if the price reverses. Entry: Marked at $3,370.510 (gray line), indicating the optimal entry point for a short trade near the trendline break. Target 1: Set at $3,365.880 (green line), the initial profit-taking level below the entry. Target 2: Aimed at $3,346.664 (green line), offering a deeper profit zone. Target 3: Projected at $3,335.066 (green line), the furthest target for the short trade. Support: The $3,321.57 level (green line) acts as a potential support if the downward move continues. Recent Price Action: The price reached a high near $3,382.374 and then breached the downtrend line (highlighted with a yellow circle), signaling a shorting opportunity. As of 18:27 UTC on June 23 (11:57 PM IST, June 23, 2025), it has declined to $3,360.330, reflecting sustained bearish momentum. Projected Movement: The downward trajectory suggests a potential drop to Target 1 at $3,365.880, with possibilities of reaching Target 2 at $3,346.664 and Target 3 at $3,335.066 if the bearish trend holds. A move above $3,382.374 could indicate a bullish reversal. Volume and Indicators: The chart features Bollinger Bands (O3,360.030 H3,363.990 L3,359.245 C3,360.330) with a -0.240 (-0.01%) change, pointing to low volatility. The trendline break hints at increased selling pressure, though specific volume data is unavailable. Outlook: This chart supports a shorting strategy with a defined entry and stop loss. The price is currently in a bearish phase following the trendline break, with targets at $3,365.880, $3,346.664, and $3,335.066. Watch for a break above $3,382.374, which could signal a shift to a bullish trend.
OANDA:XAUUSDShort
by NaviPips
Analysis of Gold Spot / U.S. Dollar (XAU/USD) 15-Minute Chart Historical Trend: The chart displays the price movement of Gold Spot / U.S. Dollar (XAU/USD) on a 15-minute timeframe from June 21 to June 24, 2025. The price followed a downtrend, defined by a descending trendline, after peaking around $3,367.574, with a recent decline toward $3,367.255 as of 16:04 UTC on June 23. Key Levels: Stock Loss: Set at $3,360.820 (red line), indicating the upper limit to exit a short position if the price reverses upward. Entry: Positioned at $3,367.574 (gray line), marking the entry point for a potential short trade near the trendline. Target 1: $3,375.557 (green line), the first profit-taking level above the entry. Target 2: $3,388.090 (green line), the second profit-taking level for a larger gain. Support: The $3,390.915 level (green line) acts as a potential support zone if the downtrend continues. Recent Price Action: The price approached the downtrend line and showed a rejection, forming a potential shorting opportunity (highlighted with a yellow circle). The price is currently testing the $3,367.255 level, suggesting continued bearish momentum after breaking below the entry zone. Projected Movement: The downward projection suggests the price could decline toward the $3,360.820 stop loss level if the bearish trend persists. A break below this could lead to further drops, while a bounce might target the $3,375.557 or $3,388.090 resistance levels. Volume and Indicators: The chart includes Bollinger Bands (O3,367.260 H3,367.810 L3,366.747 C3,367.255) with a -0.040 (-0.00%) change, indicating low volatility. The trendline break suggests selling pressure, though specific volume data is not detailed. Outlook: The chart outlines a shorting strategy with a clear entry and stop loss. The price is in a bearish phase, with potential targets at $3,375.557 and $3,388.090 if the downtrend continues. Monitor for a break above $3,360.820 to reassess the trade, as it would signal a bullish reversal.
OANDA:XAUUSDLong
by NaviPips
KKCL technical analysisKewal Kiran Clothing Ltd. is currently trading at INR 501.70, positioned in a long-term consolidation phase with potential breakout implications. The company owns premium fashion brands like Killer, Integriti, Lawman Pg3, and Easies, and is steadily expanding its footprint across India’s Tier-2/3 cities and online platforms. Key Levels Support Levels: INR 266.10, INR 386.05, INR 520.00 Swing Level: INR 578.75 Target Zones: INR 866.40, INR 986.35, INR 1,139.20 Technical Indicators RSI (Relative Strength Index): At 44.91, momentum is in neutral territory. The stock may be forming a base, with upside potential once RSI crosses 50 with volume confirmation. Volume: At 2.24M, volumes are steady. Breakouts are more reliable when accompanied by volume spikes near resistance levels. Sector and Market Outlook KKCL operates in the branded apparel and lifestyle sector, benefitting from: Casualwear demand recovery post-pandemic Growth in organized retail and digital sales Increased urban fashion spending among aspirational consumers However, high competition, inflation in textile inputs, and discretionary spending sensitivity continue to be sectoral challenges. Latest Developments Retail Expansion: Continued rollout of exclusive outlets and stronger presence on fashion marketplaces like Myntra and Amazon Product Strategy: Focused refresh of brand collections and marketing campaigns to boost visibility Financial Snapshot: Recent quarters reflected modest revenue growth with resilience in gross margins despite cost pressures Dividend Update The company declared a ₹9 per share dividend, underscoring its commitment to capital discipline and rewarding long-term shareholders. Analysis Summary KKCL is forming a classic technical base, with the 578.75 swing level as the key breakout trigger. Upside targets up to ₹1,139.20 are plausible if momentum builds, supported by robust retail fundamentals. Traders may track RSI reversals and volume spikes, while long-term investors could consider gradual accumulation at current levels, aligned with sector recovery.
NSE:KKCLLong
by TechnicalAnalystSucrit
Analysis of Gold Spot / U.S. Dollar (XAU/USD) 15-Minute ChartHistorical Trend: The chart displays the Gold Spot / U.S. Dollar (XAU/USD) price movement on a 15-minute timeframe from June 22 to June 23, 2025. The price experienced a sharp decline from a peak around $3,369.447, followed by a potential reversal pattern. Key Levels: Stop Loss: Set at $3,369.447 (red line), indicating the upper limit to exit a short position if the price reverses upward. Entry: Positioned at $3,362.463 (gray line), marking the entry point for a potential short trade after the peak. Target 1: $3,353.009 (green line), the first profit-taking level. Target 2: $3,340.915 (green line), the second profit-taking level. Target 3: $3,323.157 (green line), the final target for the short trade. Recent Price Action: The price peaked near $3,369.447 and began a downward move, forming a potential shorting opportunity (labeled 1-5). The chart suggests a bearish pattern with the price breaking below a support level, followed by a retest (2) and continuation downward (3, 4). The current position (5) indicates the price is approaching Target 1. Projected Movement: The downward projection suggests the price could reach Target 1 at $3,353.009, with potential to hit Target 2 at $3,340.915 and Target 3 at $3,323.157 if the bearish momentum persists. A break above $3,369.447 would invalidate the short setup. Volume and Indicators: The chart includes Bollinger Bands (O3,362.860 H3,363.070 L3,361.747 C3,362.295) with a -0.615 (-0.02%) change, indicating low volatility. The pattern suggests a momentum shift, though specific volume data is not detailed. Outlook: The chart outlines a shorting strategy with clear entry and exit levels. The price is currently in a bearish phase, with potential targets at $3,353.009, $3,340.915, and $3,323.157. Monitor for a break above $3,369.447 to reassess the trade, as it would signal a bullish reversal.
OANDA:XAUUSDShort
by NaviPips
AMBER ENTERPRISES technical analysisAmber Enterprises (NSE: AMBER) is currently trading at INR 6,519, with signs of a consolidation breakout forming. The company is a major supplier of HVAC components and room air conditioner solutions, catering to both B2B and OEM clients, with rising interest in electric mobility and smart appliance integration. Key Levels Support Levels: INR 4,865.60, INR 5,573.35, INR 5,929.30, INR 6,358.85 Swing Level: INR 6,379.45 Target Zones: INR 7,838.65, INR 8,546.40, INR 9,448.00 Technical Indicators RSI (Relative Strength Index): At 53.18, the RSI signals neutral-to-bullish momentum. The stock appears to be emerging from consolidation with room to scale further. Volume: While relatively flat, a confirmed volume surge near the swing level could affirm the bullish wave continuation. Sector and Market Outlook Amber operates in the consumer durables and electronics manufacturing ecosystem, which remains resilient thanks to: PLI (Production-Linked Incentive) schemes backing electronic and HVAC supply chains Rising domestic demand for energy-efficient appliances OEM partnerships for electric vehicle and mobility component manufacturing However, factors like raw material import costs, global supply chain constraints, and seasonal fluctuations continue to shape market sentiment. Latest Developments Product Diversification: Expansion into mobility components and inverter AC segments Institutional Holdings: Recent increase in institutional stake, signaling long-term confidence Quarterly Performance: Stable margins and volume-led revenue growth, with potential operating leverage at scale Dividend Update Amber Enterprises Ltd. has declared a dividend of ₹3.50 per share for the most recent fiscal year. While modest, it reflects the company’s conservative capital reinvestment strategy in a capex-intensive sector. Analysis Summary Amber Enterprises exhibits a bullish technical setup, supported by a completed corrective wave, improving RSI, and clear target levels. Investors should monitor price action above INR 6,812 for confirmation of a breakout, ideally backed by rising volume. Given the company’s positioning in a structurally growing sector, the risk-reward ratio favors gradual accumulation, with careful attention to macro headwinds.
NSE:AMBERLong
by TechnicalAnalystSucrit
Bank Nifty Weekly Analysis for June 24 –June 28 June , 2025~~ Technical Outlook ~~ Current Trend: The Nifty Bank Index is in a positive trend, with a closing value of 56,252.85 on June 20, 2025, reflecting a 1.22% gain. The index has entered a bullish phase in the last trading session, supported by strong buying in key constituents like HDFC Bank (+1.44%), ICICI Bank (+1.07%), Canara Bank (+2.25%), and Federal Bank (+1.62%). #Support and Resistance Levels: Support: Immediate support lies at 55,781, followed by 55,308 and 54,726. A critical long-term support is around 51,500; a break below 51,000 could signal weakness. Resistance: Resistance is seen at 56,900, with potential upside targets at 56,600, 57,000, and a new all-time high around 57,267–57,500 if momentum sustains. the Long-term Target is around 60,500 !! Market Sentiment Domestic and Institutional Activity: Domestic Institutional Investors (DIIs) have been strong buyers, purchasing ₹8,207 crore on June 18, while Foreign Institutional Investors (FIIs) were net buyers with ₹1,482 crore, indicating robust domestic support. Sectoral Performance: The banking sector led gains, with 11 of 12 constituents in the green on June 20. Private banks like HDFC and ICICI Bank limited downside pressure, while public sector banks (PSU Banks) showed relative weakness, with the Nifty PSU Bank Index down 0.9% on June 16. # Due to geopolitical tension, the market may be sideways or volatile. -- 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:BANKNIFTY
by renderwithme
Hindustan Unilever Trades Sideways with Clear Swing Levels in FoTopic Statement: Hindustan Unilever has been moving in a sluggish sideways range for the past four years, offering defined zones ideal for swing trading. Key Points: * The stock has well-defined accumulation and distribution zones, making it suitable for clear swing trade setups * Price is currently just above the distribution zone and trading below the 180-day EMA, making the stock relatively cheap * A breakout from either zone could trigger a strong directional move depending on the breakout side
NSE:HINDUNILVRLong
by yogeshwar
Analysis of Gold Spot / U.S. Dollar (XAU/USD) 15-Minute Chart Historical Trend: The chart displays the Gold Spot / U.S. Dollar (XAU/USD) price movement on a 15-minute timeframe from June 19 to June 22, 2025. The price was in a clear downtrend, defined by a descending trendline, until a recent shift. Key Levels: Resistance: The $3,395.724 level (green line) has emerged as a significant resistance following the breakout. A break above this could confirm further upside. Support: The $3,350.743 level (red line) acted as a major support during the downtrend and was recently breached upward. Recent Price Action: The price broke above the downtrend line (highlighted with a yellow circle and labeled "TREND LINE BREAKOUT" in red), indicating a potential reversal. This breakout occurred around 12:00 on June 21, followed by a sharp upward move into a consolidation zone (light green). Projected Movement: The upward projection (blue arrow) suggests the price could target levels around $3,380.00-$3,400.00 if the breakout momentum continues. The consolidation above $3,350.743 supports the bullish outlook. Volume and Indicators: The chart includes Bollinger Bands (O3,368.320 H3,369.500 L3,367.660 C3,368.750) with a -0.360 (-0.01%) change, indicating low volatility. The breakout suggests increasing buying interest, though specific volume data is not detailed. Outlook: The trend line breakout signals a potential shift from bearish to bullish momentum. Maintaining above $3,350.743 is crucial for the uptrend to continue. A failure to hold this level could see the price retest the downtrend line or lower supports. Monitor for confirmation of sustained momentum above resistance.
OANDA:XAUUSDLong
by NaviPips
1
Analysis of Microsoft Corp. (MSFT) Weekly ChartHistorical Trend: The chart illustrates Microsoft Corp.'s stock price on a weekly timeframe from 2022 to mid-2025. The stock showed a steady upward trend from 2022 to early 2025, reflecting strong growth driven by its dominance in software and cloud computing. Key Levels: Resistance: The $483.89-$477.40 range (red line) has acted as a significant resistance level. The price recently tested this zone and appears to have faced rejection. Support Levels: Support 1: $425.59 (green line) served as a mid-range support during recent corrections. Support 2: $376.00 (green line) acted as a stronger support level during prior consolidations. Major Support 3: $316.63 (green line) represents a critical long-term support zone, tested during deeper pullbacks. Recent Price Action: After approaching the resistance at $483.89, the stock experienced a sharp decline, forming a descending pattern (blue line). This suggests a potential bearish reversal or correction following the rejection at resistance. Projected Movement: The downward projection indicates the stock could decline toward the $316.63 major support level if the bearish momentum continues. A break below $376.00 would confirm this trend, while a bounce from $425.59 could signal a potential recovery. Volume and Indicators: The chart includes Bollinger Bands (O475.21 H483.46 L474.08 C477.40) with a -2.44 (-0.51%) change, indicating moderate volatility. The recent drop suggests selling pressure, though specific volume data is not detailed. Outlook: The stock is currently in a bearish phase after failing to break above $483.89. Watch for a potential test of $425.59 or $376.00 supports. A recovery above $477.40 would indicate a resumption of the bullish trend, while a drop below $316.63 could signal a deeper correction.
NASDAQ:MSFTShort
by NaviPips
2
Bitcoin Price Analysis 21-22 June 2025COINBASE:BTCUSD is in downtrend. STRATEGY: 1. If the price breaks above the upper level, consider a long position. This is supported by the higher lows formation in a smaller timeframe, suggesting a continuation of the upward trend. 2. Bearish Scenario: If the price breaks below the lower level, consider a short position, targeting potential stop-loss orders or liquidity pools created during the higher lows formation. AREA TO AVOID Area between the upper and lower levels due to price consolidation.
COINBASE:BTCUSD
by Trader_Saurav