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Support and Resistance

ZUARI AGRO CHEMICALS LTD – Breakout Above Multi-Year Resistance ZUARI AGRO CHEMICALS LTD (NSE: ZUARI) has broken above a strong multi-year resistance level around ₹370 on the weekly chart, signaling a major bullish breakout. The price is currently trading at ₹363, with strong momentum and increased volume. Key technical highlights: • Fibonacci Retracement Levels: The chart references the key retracement levels from the previous high to low: • 0.382 (₹293.70) – Surpassed, now acting as support. • 0.5 (₹370.25) – Significant resistance zone, currently being tested. • 0.618 (₹446.75) • 0.786 (₹555.70) • 0.886 (₹620.50) • Volume Surge: A sharp increase in trading volume supports the bullish move. • Channel Breakout: Price action has decisively broken above the rising channel, indicating strong bullish sentiment and the potential start of a new uptrend. • Next Targets: On sustained move above ₹370, next Fibonacci resistance levels are ₹447 (0.618), ₹555 (0.786), and ₹621 (0.886). Trade Bias: Bullish momentum breakout above multi-year resistance, supported by volume and Fibonacci confluence. Next major upside targets: ₹447, ₹555, and ₹621. Keep an eye on ₹370 as make-or-break support.
NSE:ZUARI
by TradeTravel_Explore
Nifty 50 – Future Trend Forecast with Key Zones (Aug–Nov 2025)This chart presents a forward-looking analysis of the Nifty 50 Index, highlighting expected movements and significant levels over the coming months. • Current Market Position:
The Nifty 50 is trading at 24,574.20. Recent price action shows a pullback after touching the supply zone near 25,700 in late June 2025. • Key Levels: • Supply Zone: Marked between 25,700 and 26,000, where selling pressure is anticipated if price rallies. • Support/Demand Zone: Strong support identified between 24,000 and 24,200. This zone has historically attracted buying interest, helping limit downside. • Recent Correction:
The index corrected by roughly 1,530 points (or −5.95%) from its supply zone high, bottoming out around 24,197 by August . • Future Outlook:
The yellow candles in the projection area represent a possible bullish recovery, returning toward the supply zone in subsequent weeks and months. If the index sustains above the demand/support zone, it is likely to test higher resistance zones, but may face selling upon re-approach. • Trading Insight:
Watch for reversal signals near major support. A move above 25,000 could trigger further upside, while sustained trading below the green demand zone may invite deeper corrections. Summary: This analysis maps out high-probability reversal points and trend expectations, aiming to support traders’ strategic decision-making in the upcoming period. Always consider dynamic market conditions and use risk management protocols.
NSE:NIFTY
by TradeTravel_Explore
UltraTech Cement Rides Strong Bullish Channel, Eyes Breakout BeyTopic Statement: UltraTech Cement continues its bullish run, driven by consistent growth and cement’s critical role in construction-led demand. Key Points: 1. The stock moves strictly within a well-defined uptrending channel, making it highly suitable for channel-based trading 2. It rarely dips below the 200-day EMA, and prices near this level have historically presented strong investment opportunities 3. The price is currently facing resistance at the 12000 mark, but a weak breakout appears to be underway, signaling potential continuation
NSE:ULTRACEMCOLong
by yogeshwar
Escorts Maintains Bullish Trajectory with Strong Long-Term SuppoTopic Statement: Escorts is on a bullish path, supported by a strong long-term trendline and reliable accumulation zones near key technical levels. Key Points: 1. The stock consistently receives strong support at its long-term uptrend line 2. It is rarely seen below the 200-day EMA, making it a reliable accumulation opportunity as price nears the average 3. A recent correction to the 38.2% retracement level at 2933, near the 3000 barrier, provided firm support and renewed upward momentum
NSE:ESCORTSLong
by yogeshwar
Sensex - Expiry day analysis Aug 5We had a choppy market today. Though price moved up, since it was choppy, option buyers did not get the benefit. Right now price is at support zone 81000. If this level is sustained we can expect 300 to 400 points move before price face another resistance. Buy above 81060 with the stop loss of 80920 for the targets 81160, 81280, 81400, 81520, 81640 and 81800. Sell below 80760 with the stop loss of 80880 for the targets 80660, 80540, 80400, 80280, 80140 and 80020. Always do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
renderwithme | ADA Technical Analysis Monthly Chart"Riding the Cardano wave! #ADAUSDT poised for a breakout—targeting $0.81 and beyond! #CryptoTrading" ~ Disclaimer ~~ This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational 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.
Long
by renderwithme
GBPCHF – Could This Be the Start of a Bullish Comeback?Looking at GBPCHF right now, it feels like the market is finally speaking my language. After an extended downtrend, price has landed on a major support zone visible on the higher timeframes — a zone that’s been tested and respected multiple times before. We're now seeing early signs of rejection from that area, and I’m eyeing a potential move back up toward 1.1000. What makes this setup stand out isn’t just the technicals — it’s the patience behind the play. I waited for the sell-off to complete, for price to return to a proven zone, and now I’m watching for signs of strength to kick in. This type of setup? I’ve seen it play out time and time again in my previous chart work. Drop your thoughts in the comments — do you see the same potential, or are you taking a different side of the trade?
Long
by Jessicaa_Bui
BITCOIN PRICE UPDATE - JULY 1, 2025🔴 BITCOIN PRICE UPDATE - JULY 1, 2025 👋 Wrapping up the first half of 2025, BTC has closed the monthly candle around the ~$107,200 zone! Looking closely at Image 1 — BTC’s Monthly Candle Chart — we can see that June ended with a bullish green candle, forming a Pinbar ➡️ This indicates positive signals from the market. 📊 Personal Insights: ➡️ The primary trend of BTC remains bullish. Long positions are still the priority. ❓ However, in the short term, some correction phases may occur. Reasons include: Price is currently approaching the previous peak area On the D1 timeframe, there are clear signals: Triple Top + Divergence in Volume ➡️ This shows the overall market sentiment is cautious, waiting for a breakout around this price zone. 📌 At the current price zone of ~$107,000, I see two possible scenarios: Scenario 1: Price retraces in the short term to collect liquidity, moves sideways within a ~$10,000 range, then gathers momentum for the next upward move Scenario 2: Price breaks out sharply, creating a new all-time high, pulling the entire market upward ➡️ Personally, I lean more towards Scenario 1! What do you guys think? Drop your opinions below so we can discuss together 👇👇
Long
by Trendformal
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