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Support and Resistance

TATACONSUM Support & Resistance As of December 28, 2024, Tata Consumer Products Limited (TATACONSUM) closed at ₹925.40, reflecting a 2.65% increase from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹902.05 S2: ₹903.19 Resistance Levels: R1: ₹918.20 R2: ₹930.55 These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies. Weekly Support and Resistance Levels: Support Levels: S1: ₹874.00 Resistance Levels: R1: ₹1,060.00 These weekly levels provide a broader perspective for traders considering positions over multiple days. Technical Indicators: Relative Strength Index (RSI): 31.57 (Neutral) Moving Averages: 5-Day Average: Data not available 20-Day Average: Data not available 50-Day Average: Data not available These indicators suggest a neutral trend, with the RSI indicating neither overbought nor oversold conditions. Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
NSE:TATACONSUMLong
by EmpireCrown
BAJFINANCE Support & ResistanceAs of December 27, 2024, Bajaj Finance Limited (BAJFINANCE) closed at ₹6,832.00, reflecting an increase of ₹23.80 (0.35%) from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹6,800.85 S2: ₹6,764.80 Resistance Levels: R1: ₹6,921.80 R2: ₹6,957.85 These levels are derived from recent trading data and can serve as potential indicators for intraday trading strategies. Weekly Support and Resistance Levels: Support Levels: S1: ₹6,823 S2: ₹6,779 S3: ₹6,702 Resistance Levels: R1: ₹6,944 R2: ₹7,021 R3: ₹7,065 These weekly levels provide a broader perspective for traders considering positions over multiple days.
NSE:BAJFINANCELong
by EmpireCrown
AXISBANK Support & Resistance As of December 28, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,077.85, reflecting a slight increase of 0.09% from the previous close. Here are the identified support and resistance levels: Daily Support and Resistance Levels Support Levels: S1: ₹1,071.60 S2: ₹1,068.73 S3: ₹1,060.83 Resistance Levels: R1: ₹1,081.85 R2: ₹1,084.65 R3: ₹1,100.53 Weekly Support and Resistance Levels Support Levels: S1: ₹1,069.00 S2: ₹1,061.00 S3: ₹1,049.00 Resistance Levels: R1: ₹1,089.00 R2: ₹1,101.00 R3: ₹1,108.00 Technical Indicators Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: Not available 20-Day Average: Not available 50-Day Average: Not available These support and resistance levels, along with technical indicators, provide a framework for assessing potential price movements. Use these insights in conjunction with broader market analysis and risk management strategies.
NSE:AXISBANKLong
by EmpireCrown
technical lecture class 2Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:BANKNIFTYEducation
by SkyTradingZone
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.
BSE:SENSEXEducation
by SkyTradingZone
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.
BSE:SENSEXEducation
by SkyTradingZone
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.
NSE:RELIANCEEducation
by SkyTradingZone
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.
NSE:NIFTYEducation
by SkyTradingZone
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.
NSE:LICILong
by yogeshwar
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.
NSE:CNXFINANCELong
by RKMAURYA
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.
NSE:NIFTYLong
by RKMAURYA
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.
NSE:BANKNIFTYLong
by RKMAURYA
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.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
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. * 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 success in your trading activities!
NSE:NIFTY
by sacxe
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!
NSE:BANKNIFTY
by sacxe
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.
BSE:SENSEXLong
by EmpireCrown
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.
NSE:SWIGGYLong
by EmpireCrown
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.
NSE:RELIANCELong
by EmpireCrown
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.
NSE:OBEROIRLTYLong
by EmpireCrown