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Support and Resistance

Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA Resistance 1260-1265 Watching above 1265 for upside movement... Support area 1230 Below 1240 ignoring upside momentum for intraday Support 1230 Watching below 1225 or downside movement... Resistance area 1260-1265 Above 1240 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:AUROPHARMALong
by EmpireCrown
Pre Market analysis for 24/12/2024 Pre Market analysis for 24/12/2024 #NIFTY50 If market opens flat and breaks 23750 will plan for buying for target 23900 level. If market opens gap down, wait for retest of yesterday closing, then plan for selling for target 23500. level. If market opens gap up, and sustains above 23700 level, then plan for buying for target 23900 level. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:NIFTYLong
by EmpireCrown
Merry Christmas Xauusd 24.12.24I expect that Gold will create an Inverse Head and Shoulders price model. The reversal point of the right shoulder will be around the price mark 2610 -2614. And the completed target will be around 2630. And this model is only confirmed when the price breaks through the 2620 price range. At that time, we can buy again around the 2616 mark and continue to target 2630. You can refer to my trading plan. Please Follow me for regular updates. Merry Christmas
OANDA:XAUUSD
by Homnaytradegi
UCAL Breakout with Huge Volume. Add to your WLKey Highlights 1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range. 2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation. 3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum. Pattern Insights 📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green). 📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation. 🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative. Trade Plan 📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels. 🎯 Targets:Target 1: ₹300 🎯Target 2: ₹338.50 ❌ Stop Loss: ₹205 for long-term/positional trades. 💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range. Key Reminder 1⃣ Market Condition: The overall market is currently bearish. Exercise caution. 2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario. 3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
NSE:UCALLong
by sagartharayil
BankNifty Intraday Support & Resistance Levels for 24.12.2024On Monday, BankNifty opened with a gap-up, touching a low of 51,030.40 before climbing to a high of 51,417.35. It closed positively at 51,317.60, gaining 558 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,688 - 50,909 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested) Outlook As expected, BankNifty showed bullish momentum after entering the Daily Demand Zone on Friday and its oversold condition. If the Daily Demand Zone support holds, we may witness further upside movement toward 52,000 or even 52,700 in the coming days.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 24.12.2024On Monday, Nifty opened with a gap-up, climbing to a high of 23,869.55 before dipping to a low of 23,647.20. It eventually closed at 23,753.45, gaining 165 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,831.35 - 23,869.55 Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As anticipated, Nifty rebounded from the 75m Demand Zone after five consecutive negative sessions and its oversold condition. If the 75m support zone holds, there’s potential for bullish movement toward 24,150 - 24,400.
NSE:NIFTY
by PriteshPalan
BankNifty levels - Dec 24, 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 - Dec 24, 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
Nifty Intraday Analysis for 23rd December 2024NSE:NIFTY Index closed near 23590 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 93.22 Lakh 23900 Strike – 39.08 Lakh 24800 Strike – 29.17 Lakh Put Writing 23000 Strike – 82.65 Lakh 23500 Strike – 67.61 Lakh 24000 Strike – 59.83 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 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 23rd December 2024NSE:BANKNIFTY Index closed near 50760 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 21.56 Lakh 51500 Strike – 17.66 Lakh 51000 Strike – 11.89 Lakh Put Writing 50000 Strike – 15.07 Lakh 51000 Strike – 10.96 Lakh 50500 Strike – 9.68 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range. Index has immediate support near 50400 - 50300 range and if this support is broken then index may tank near 49600 - 49500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 23rd December 2024NSE:CNXFINANCE Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 2.25 Lakh 24500 Strike – 1.90 Lakh 24600 Strike – 1.87 Lakh Put Writing 23000 Strike – 2.20 Lakh 24000 Strike – 1.31 Lakh 23500 Strike – 1.23 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23150 – 23100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 23rd December 2024NSE:NIFTY_MID_SELECT Index closed near 12685 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 12.19 Lakh 12900 Strike – 4.87 Lakh 12800 Strike – 2.54 Lakh Put Writing 12500 Strike – 7.11 Lakh 12600 Strike – 4.52 Lakh 12700 Strike – 3.57 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 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
2
Technical Trading Technical 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. There is virtually no limit to the profit potential of technical analysis. Profitability within the discipline largely depends on the trader's expertise, adherence to tried and tested strategies, and the amount of risk undertaken and capital employed by the trader.
NASDAQ:FVEducation
by SkyTradingZone
Technical AnalysisWhether you're scalping forex or investing in stocks, you can make use of technical analysis to find and plan trades. It can also provide an excellent method of determining your entry and exit points for a position. As we've seen in earlier courses, a market rarely moves in a straight line. average true range (ATR) Moving average convergence/divergence (MACD) Fibonacci retracements. Relative strength index (RSI) Pivot point. Stochastic. Parabolic SAR.
BSE:SENSEXEducation
by SkyTradingZone
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NSE:NIFTYEducation
by SkyTradingZone
2
RSI divergence indicatorAn RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low. What is the best RSI setting for divergence? What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
NSE:NIFTYEducation
by SkyTradingZone
2
Option chain in trading What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models. The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.
NSE:BANKNIFTYEducation
by SkyTradingZone