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Support and Resistance

HARIOM PIPES technoFunda analysisHariom Pipe Industries Ltd. (NSE: HARIOMPIPE) is currently trading at INR 399.65, reflecting a 2.70% gain. The company specializes in manufacturing MS pipes, scaffolding structures, and steel tubes, catering to industries such as construction, infrastructure, and engineering. Key Levels Support Levels: INR 323.10, INR 399.65 Swing Level: INR 414.68 Possible Upside Levels: INR 537.50, INR 765.10, INR 886.00, INR 1,040.00 Technical Indicators RSI: The Relative Strength Index (RSI) is at 45.35, indicating neutral momentum, meaning the stock is in a consolidation phase before a potential trend shift. Volume: Trading volume is moderate, suggesting consistent investor participation. A volume surge near key levels could validate a breakout. Sector and Market Context Hariom Pipe Industries Ltd. operates in the steel and infrastructure materials sector, which has seen steady demand growth, supported by government-led infrastructure projects and private construction expansion. The industry benefits from rising urbanization, industrial investments, and the need for durable piping solutions. However, factors such as raw material price volatility, global steel pricing trends, and competition from larger industrial players could influence the company’s long-term growth prospects. Latest News and Developments Market Trends: Positive sentiment toward steel manufacturers, driven by increased public and private sector construction spending. Analyst Ratings: Some analysts maintain a stable outlook, citing consistent order inflows and operational efficiency. Quarterly Results: Recent earnings reports highlight steady revenue growth, backed by higher demand for MS pipes and steel fabrication materials. Dividend Update: Hariom Pipe Industries Ltd. has declared a dividend payout of ₹4 per share, reinforcing its commitment to shareholder returns. Analysis Summary Hariom Pipe Industries Ltd. exhibits neutral technical signals, with RSI and price action suggesting potential accumulation before a breakout. The stock benefits from sector tailwinds, driven by strong infrastructure investments and steady demand for industrial piping solutions, though market risks such as raw material costs and pricing competition should be monitored. Investors should track price movements near resistance levels, volume trends, and broader industry updates before making strategic decisions.
NSE:HARIOMPIPELong
by TechnicalAnalystSucrit
Nifty - Expiry day analysis June 19Near by support zones are 24650 and 24750. Resistance zones are 24920 and 25020. If price is unable to break the resistances mentioned above, then price may fall or move in range. Buy above 24820 with the stop loss of 24760 for the targets 24880, 24920, 24960, 25020, 25080 and 25120. Sell below 24700 with the stop loss of 24750 for the targets 24660, 24620, 24560, 24520 and 24460. Expected expiry day range is 24400 to 24900. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
2
It's over, Indian Bros. Unless the Indian Broad Equities can manage to break out upward of the monthly 20 SMA wrt the Chinese, currency adjusted, it is heading way lower. As of now, charts are pointing to - Sell India, Buy China. The same continuation trade that happened from Sep 2024 to Feb 2025. There was a respite in that trade from March to June 10, 3 months and a week. The burden of proof is on the CNX500. If it can manage to break and sustain the 20 Monthly SMA, then, this analysis will no longer hold.
NSE:CNX500Short
by xTako
Bank Nifty intraday levels ( educational purpose only)Upside Prediction (Bullish Scenario): Condition to Go Long (Buy): If Bank Nifty breaks and sustains above 55,800 with volume. Confirmation if it crosses 55,850 zone convincingly. Targets: Target 1: 55,950 Target 2: 56,050 Target 3: 56,160 Stop Loss: 55,700 (or 55,650 for conservative traders) 📉 Downside Prediction (Bearish Scenario): Condition to Go Short (Sell): If Bank Nifty breaks below 55,600, especially with red candles in early session. Stronger confirmation below 55,500. Targets: Target 1: 55,400 Target 2: 55,250 Target 3: 55,100 Stop Loss: 55,750 (or 55,800 if taking early entry)
NSE:BANKNIFTY
by TradesWithTapas
2
BPCL: Price Testing Channel Support – Long Setup in PlayHello fellow traders! Hope you’re all doing well. Bharat Petroleum Corp Ltd (NSE: BPCL) is currently offering an interesting price action setup on the 2-hour chart. The stock has been trading within a well-defined ascending channel, respecting both upper resistance and lower support over the past several weeks. Recent Price Action Highlights: 1. After facing resistance near ₹333, BPCL has pulled back to the lower boundary of the channel. 2. Price is now consolidating just above the channel support and a prior horizontal support zone. 3. A long position seems to be in play, as visible from the Risk:Reward box on the chart. Setup Details: Entry Zone: Around ₹312 (current price) Stop-loss: Below ₹307 (Closing Basis) Target: ₹333+ (near channel resistance) Disclaimer: This is a personal analysis and not financial advice. Please do your own research and trade responsibly. Risk management is key. Thanks for reading! Looking forward to your thoughts and feedback. Best regards, Anantesh
NSE:BPCLLong
by Ananteshm
XAG/USD (Silver Spot vs. US Dollar) Analysis - Monthly Chart ~~ XAG/USD (Silver Spot vs. US Dollar) Analysis ~~ #Current Price and Recent Performance As of June 18, 2025, the XAG/USD spot price is approximately $37.00 per troy ounce at the time of posting, reflecting a 13-year high. Silver has surged nearly 30% year-to-date in 2025, driven by heightened safe-haven demand amid geopolitical tensions, particularly in the Middle East, and global economic uncertainties. Over the past month, silver prices have risen by 12.43%, and year-over-year, they are up 23.33%. -- Key Drivers of Recent Trends Geopolitical Tensions: Escalating conflicts, such as Israel’s military actions in Iran, have boosted demand for safe-haven assets like silver and gold. This has been a significant catalyst for silver’s rally, with prices climbing in tandem with gold. US Dollar Weakness: A softer US dollar, influenced by expectations of Federal Reserve rate cuts and softer inflation data, has supported higher silver prices. Since silver is priced in USD, a weaker dollar makes it more affordable for foreign investors, increasing demand. Industrial Demand: Silver’s dual role as a precious and industrial metal (used in electronics, solar panels, and medical devices) accounts for ~56% of its demand. Growing industrial applications, particularly in green technologies, continue to support price growth. Supply Constraints: A persistent supply deficit of 150–200 million ounces annually (10–20% of total supply) and declining above-ground inventories by nearly 500 million ounces in recent years have tightened the market, pushing prices higher. Speculative Activity: Futures and spot market trading on exchanges like COMEX and the London Bullion Market, coupled with speculative interest, contribute to price volatility. The market is also influenced by “paper silver” (futures, ETFs), which some argue suppresses physical silver prices. ~~Technical Analysis~~ Current Levels and Trends: Silver is trading above the key support zone of $34.90–$35.15, maintaining a bullish outlook. Recent suggest a strong bullish trend, with a breakout above a downward trend line and minor resistance on the 4-hour chart. Support and Resistance: Support: Key levels include $34.99, $33.70, $32.67, and the 0.618 Fibonacci retracement at ~$35.00. Resistance: Immediate resistance lies at $37.85, with further targets at $38.00 and potentially $40.34–$44.21 in the coming weeks or months. -- 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
OANDA:XAGUSDLong
by renderwithme