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Support and Resistance

Finnifty Intraday Analysis for 25th September 2024NSE:CNXFINANCE Index closed near 24885 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 2.34 Lakh 24900 Strike – 1.93 Lakh 25100 Strike – 0.89 Lakh Put Writing 24900 Strike – 1.66 Lakh 24800 Strike – 1.21 Lakh 25000 Strike – 1.14 Lakh Index has resistance near 25000 - 25100 range and if index crosses and sustains above 25100 level then may reach near 25200 - 25250 range. Index has immediate support near 25700 – 24550 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Analysis for 25th September 2024NSE:NIFTY Index closed near 25940 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 90.83 Lakh 26500 Strike – 63.41 Lakh 26200 Strike – 54.24 Lakh Put Writing 25500 Strike – 75.46 Lakh 25900 Strike – 63.39 Lakh 25800 Strike – 57.92 Lakh Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range. Index has immediate support near 25800 – 25700 range and if this support is broken then index may tank near 25600 – 25500 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 25th September 2024NSE:BANKNIFTY Index closed near 53970 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 54000 Strike – 32.92 Lakh 55000 Strike – 31.06 Lakh 54500 Strike – 24.29 Lakh Put Writing 53000 Strike – 40.87 Lakh 54000 Strike – 29.38 Lakh 53500 Strike – 28.72 Lakh Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range. Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range. Big swing expected on either side on the Monthly F&O expiry day with inclination on the up side.
NSE:BANKNIFTYLong
by RKMAURYA
Midnifty Intraday Analysis for 25th September 2024NSE:NIFTY_MID_SELECT Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13300 Strike – 7.95 Lakh 13200 Strike – 6.63 Lakh 13500 Strike – 5.20 Lakh Put Writing 13200 Strike – 9.63 Lakh 13000 Strike – 6.03 Lakh 13200 Strike – 5.00 Lakh Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range. Index has immediate support near 13160 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
NLong
by RKMAURYA
BankNifty levels - Sep 26, 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 levels - Sep 26, 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
DLF 1HExponential Moving Averages (EMAs): The chart displays multiple EMAs (20, 50, 100, 200) as colored lines: Red: EMA 20 at 908.20 Orange: EMA 50 at 887.65 Blue: EMA 100 at 870.84 Purple: EMA 200 at 858.31 These EMAs are used to show the stock's trend over different time frames, with shorter-term EMAs above the longer-term ones, indicating a bullish trend. Breakout Area: The price appears to have broken above a previous resistance level around ₹905-₹908. This area is now acting as support, with a bullish breakout confirmed by the price moving above it. A white horizontal line marks the former resistance level. Entry, Stop Loss, and Target: Entry: The trade appears to have been entered at around ₹921 (the current price level). Stop Loss: The stop loss is set just below the newly established support at around ₹893, marked with a red box. Target: The target price is set at ₹961, marked by a green box indicating a potential take-profit zone. Trend Analysis: The price has been moving upward, and the alignment of the EMAs suggests a bullish momentum. After the breakout, the stock retested the support level and is showing signs of a continuation towards the upper target. In summary, this setup represents a bullish breakout with clear entry, stop loss, and take-profit levels. The trade is based on the assumption that the price will continue its upward movement after breaking and retesting the resistance, now turned support.
NSE:DLFLong
by vinitsugandh
2
A BREAKOUT & RETESTED STOCK - NTPC NSE:NTPC ❇️A good low risk setup in daily time frame above 432 makes a perfect entry. ❇️SL below recent swing low. 420 ❇️A very good weekly break out at weekly time frame. ❇️Expecting stock price to reach 445-450-460+ in up coming days. ❇️ Volume looks good. ❇️Every entry must have a stoploss partnered with it. Disclaimer: not SEBI Registere and not responsible for your profits and your losses thank you 🌻 👉🏻 @thetradeforecast 🇮🇳
NSE:NTPC
by thetradeforecast
1
A breakout stock - #Precision Wires NSE:PRECWIRE ❇️A good low risk setup in daily time frame above 212 makes a perfect entry. ❇️SL 204 near breakout area. ❇️A very good weekly break out at weekly time frame. ❇️Expecting stock price to reach 220-230-245 in up coming days. ❇️ Volume looks decent.. ❇️Every entry must have a stoploss partnered with it. Disclaimer:- not SEBI Registere. I not responsible of your profits and your losses. Thank you 🌻 👉🏻 @thetradeforecast 🇮🇳
NSE:PRECWIRE
by thetradeforecast
1
Flag Pattern and Support LineThis appears to be a strong support line, as it has been tested more than three times, and a FLAG pattern has also formed. It seems to be creating BOXES. Waiting to see if it breaks below this box to make lower lows. In comparison to its peers, its P/E ratio is only 36.23, while Indian Hotels, Chalet Hotels, Lemon Tree Hotels, Juniper Hotels, and Mahindra Holidays have P/E ratios of 78.69, 80.92, 67.23, 176.39, and 66.61, respectively. Trident and Oberoi Hotels, renowned for their presence in the luxury segment, need no introduction. From a long-term perspective, this could be a solid investment, but the valuation still seems high, similar to the broader market. NSE:EIHOTEL
NSE:EIHOTELLong
by RZR22