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Support and Resistance

Stock Opportunity: Geojit Finance LtdHey everyone! 🌟 Geojit Finance Ltd. has recently given a multiyear breakout and is now in a phase of range contraction. What's interesting is that volume is dropping, which is typically a healthy sign of consolidation. On top of that, the fundamentals look strong and the company is expected to deliver a good quarter ahead, which could further fuel its momentum. Here's what we’re watching for: 📉 Volume contraction – Signaling reduced selling pressure. 📊 Potential breakout – Keep an eye out for the next move to position ourselves! 💹 Strong fundamentals – Supporting long-term growth potential. I'll be monitoring closely, and it might be a good time to do the same if you're interested. 🚀 #StockMarket #GeojitFinance #BreakoutStocks #InvestmentOpportunity #StockAlert #Fundamentals
NSE:GEOJITFSLLong
by TechnoTrader10
A decending triangle patterns showing on BITCOIN with 1:10 RRA decending triangle patterns showing on BITCOIN A short term 15m tradeing setup showing on BITCOIN Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily  chat And the short term setup All are of them indicating the same SELLING SETUP Also cryptocurrencies are follows priseaction in a good way Follow for more please don't use more than one percentage of your capital Follows risk reward Tradeing rules And be deceplened Try to be a better trader Love you all❤️
COINBASE:BTCUSDShort
by tradergyan01
1
SUI uptrend endAs can be seen from the 4H chart, SUI has diverged At the same time, it also reached the previous high point. And the retracement fell below the previous low of 1.65 So I think this is the end of this rally. Next, the short side should be the main one If it falls below the low of 1.59 of this retracement Then TP1 is placed at 1.48 If it does not fall below And a new consolidation is formed in this area You should go out first and observe what happens next. Wait for a new trend to form before continuing to operate #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Short
by Jobs_lin
MFSL: Multi-Year Breakout: Monthly Timeframe: Oct 24MFSL: Multi-Year Breakout: Monthly Timeframe: Oct 24 Stock broke the high it made in Jul'21 in Sep'24. A multi-year breakout on a monthly time frame RSI is just above 60 - Indicating good buy demand Breakout in Sep happened with above average trade volume (9 SMA) Entry and y'day 01-Oct close @ 1185.75 Target = Breakout level + Drawdown during consolidation phase = 1148 + 545 ~ 1690 Stop Loss = 1 ATR below previous month's low = 957.3
NSE:MFSLLong
by ramanarvind
LUPIN: Multi-Year Breakout: Monthly Timeframe: Sep 24LUPIN: Multi-Year Breakout: Monthly Timeframe: Sep 24 Stock broke the high it made in Apr'15 & Oct'15 in Aug'24. A multi-year breakout on a monthly time frame RSI (77) is just above 60 - Indicating good buy demand Breakout in Sep happened with above average trade volume (9 SMA) Entry on 03-Sep Target = Breakout level + Drawdown during consolidation phase = 2125 + 1632 ~ 3750 ATR = 161.5 SuperTrend = 1544.35 Stop Loss = 1 ATR below previous month's low = 1900 - 161.5 = 1738.5
NSE:LUPINLong
by ramanarvind
Nifty Analysis for the Upcoming Week (Sep 30th to Oct 4th) Nifty Analysis for the Upcoming Week As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action. On the 15-minute chart, the index is currently testing trendline support. If this support breaks, we could see a quick test of immediate support below 26,000. **Immediate Resistance Levels:** - 26,200: A sustained move above this level could target 26,250,26,275 and 26,300. **Immediate Support Levels:** - 26,150: If the index holds above this, we can expect bullish momentum. However, a drop below could lead us to targets of 26,100, 26,050, and potentially down to 26,000.(25800). For any further declines below 25800, it will be essential to reassess market conditions. In this bullish structure, adopting a "buy on dips" strategy or looking for reversal patterns at support areas is advisable. Identify key resistance levels on the chart and wait for rejection signals to engage in trades towards the support zones below. Education Purpose only do you analysis before taking entries. Happy Trading !!!
NSE:NIFTY
by rakeshreddym
2
Nifty Levels For Next Week of OCT Nifty Confirm Targets For Intraday Trading Daily Nifty Index chart highlighting key support and resistance levels for trading. Includes trend analysis, pivot points, and potential breakout zones for intraday and swing trading. Last week is Impact of Israel war news on Nifty50 Key levels to watch as global uncertainties influence market direction." Major Support for Nifty 24770 Extension of support is - 24630 Major Resistance for nifty 25450 Extension of Resistance- 25650 and other intraday levels are as per charts , If any queery ask me .
NSE:NIFTY
by manojshinde27
Nifty levels - Oct 07, 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 - Oct 07, 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
Nifty Intraday Analysis for 04th October 2024NSE:NIFTY Index closed near 25250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 57.73 Lakh 25500 Strike – 34.92 Lakh 25600 Strike – 34.75 Lakh Put Writing 25000 Strike – 30.62 Lakh 25500 Strike – 22.95 Lakh 25300 Strike – 19.16 Lakh Index has resistance near 25400 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 25100 – 25000 range and if this support is broken then index may tank near 24800 – 24700 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 04th October 2024NSE:BANKNIFTY Index closed near 51845 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 22.74 Lakh 53500 Strike – 19.22 Lakh 52500 Strike – 16.76 Lakh Put Writing 52000 Strike – 13.51 Lakh 51500 Strike – 12.77 Lakh 51000 Strike – 11.87 Lakh Index has resistance near 53100 – 53200 range and if index crosses and sustains above 53200 level then may reach near 53600 – 53800 range. Index has immediate support near 51600 – 51500 range and if this support is broken then index may tank near 51200 - 51000 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 04th October 2024NSE:CNXFINANCE Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 8.99 Lakh 24200 Strike – 5.01 Lakh 24000 Strike – 4.79 Lakh Put Writing 23900 Strike – 3.22 Lakh 23500 Strike – 2.93 Lakh 24000 Strike – 2.65 Lakh Index has resistance near 24100 - 24200 range and if index crosses and sustains above 24200 level then may reach near 24400 - 2450 range. Index has immediate support near 23800 – 24700 range and if this support is broken then index may tank near 23500 – 23400 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 04th October 2024NSE:NIFTY_MID_SELECT Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 17.83 Lakh 13100 Strike – 10.43 Lakh 13000 Strike – 9.42 Lakh Put Writing 12900 Strike – 9.62 Lakh 12800 Strike – 8.48 Lakh 13000 Strike – 8.28 Lakh Index has immediate resistance near 13050 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13300 range. Index has immediate support near 12850 – 13750 range and if this support is broken then index may tank near 12600 – 12500 range.
N
by RKMAURYA
1
Andhra Paper has capacity expansion and new growth driversInvestment Update: A Promising Outlook for Medium-Term Gains I made a strategic investment in this stock approximately one year ago, with the objective of achieving medium-term gains. As we approach the one-year milestone, I am pleased to reassess the company's performance and reiterate my optimism about its future prospects. Based on recent developments and growth indicators, I forecast that the stock is poised to reach new targets of ₹150 by May 2025 . This upward trajectory is largely driven by the company's expansion efforts and improved operational efficiency. Notably, the company has successfully increased its production capacity, paving the way for enhanced output and revenue growth. Specifically, paper production numbers have demonstrated significant improvement, underscoring the company's commitment to scaling its operations. Furthermore, the establishment of a new tissue paper production unit represents a strategic diversification of the company's product portfolio. This move not only expands the company's revenue streams but also positions it to capitalize on the growing demand for tissue paper products. In conclusion, the company's progress over the past year has reinforced my confidence in its potential for medium-term growth. With its enhanced capacity, improved production numbers, and strategic diversification, I firmly believe that this stock is well-positioned to deliver substantial returns on investment.
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ALong
by liondewarangal
1