Support and Resistance
Coromandel International (COROMANDEL) - A Swing Trade SetupBullish Flag Pattern 🚩
Potential for a strong upmove 📈
Strong support from key moving averages 🚀
Accumulating buying interest 💰
Trading Plan:
Entry: Buy above ₹1,795 on a breakout with strong volume 🟢
Target 1: ₹1,950 🎯
Target 2: ₹2,000 🎯
Stop-Loss: ₹1,733 🛑
Risk-Reward: Favorable 1:2
AAVASprice is traded at support area so it s possible chance that price will move upper side
Stop loss will below last swing low which is marked in green area
target as marked in zone.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Few Important Information about tranding Few Important Information about tranding
Trading refers to the process of buying and selling financial assets, including stocks, bonds, currencies, and commodities. Trading is done with the explicit goal of making profits from price changes in the short term.
Trading involves the buying and selling of financial assets, such as stocks, to earn profits based on the price fluctuations of these assets. There are different types of trading, and traders use various strategies, techniques, and tools to decide when to buy or sell different assets
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Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Resistance 1600 Watching above 1704 for upside movement...
Support area 1670 Below 1690 ignoring upside momentum for intraday
Support 1679 Watching below 1779 or downside movement...
Resistance area 1700
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Support & Resistance levelsAs of mid-December 2024, HDFC Bank's stock is trading at ₹1,871.75 on the NSE, nearing its 52-week high of ₹1,880. The stock has demonstrated solid growth throughout the year, starting at ₹1,683.01 in January and delivering approximately 11.2% returns year-to-date
Key levels for December 2024:
Support levels: Around ₹1,864 to ₹1,868, based on recent lows observed earlier this month.
Resistance levels: The 52-week high of ₹1,880 acts as a critical resistance. Breaching this could open the path for further upward momentum
ICICIBANK Support & Resistance for the dayHere are the current support and resistance levels for ICICI Bank (as of December 2024):
Daily Levels (Intraday)
Support Levels:
S1: ₹1,320.95
S2: ₹1,312.65
S3: ₹1,303.75
Resistance Levels:
R1: ₹1,338.15
R2: ₹1,347.05
R3: ₹1,355.35
Weekly Levels
Support Levels:
S1: ₹1,301.03
S2: ₹1,273.07
S3: ₹1,250.03
Resistance Levels:
R1: ₹1,352.03
R2: ₹1,375.07
R3: ₹1,403.03
BAJFINANCE Support & Resistance levels Stock Market Performance
Current Share Price: ₹7,273 (approx., December 2024).
52-Week High/Low: ₹7,510 / ₹6,160.
Support Levels: ₹7,037, ₹6,890, and ₹6,800.
Resistance Levels: ₹7,273, ₹7,364, and ₹7,510
Market Sentiment: The stock has been trading near its resistance levels, indicating strong investor interest.
Expanding Digital Initiatives: Enhanced focus on digital lending through apps and partnerships with e-commerce platforms.
Branch Expansion: Increasing penetration in Tier II and Tier III cities.
ZOMATO Support & Resistance levels Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure
Key Highlights:
Support and Resistance:
Support: ₹278.20 is a critical level where buyers may step in.
Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum
Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows.
Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains
Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential
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MRF Support & Resistance levels MRF Limited Overview and Current Market Levels
MRF Limited, India's largest tyre manufacturer, is a renowned multinational with a diverse product portfolio that includes tyres, tubes, conveyor belts, paints, and toys. It is recognized globally for its innovation and high-quality products, with a strong market presence both in India and internationally
Current Market Levels and Technical Outlook
As of mid-December 2024, MRF's stock price is trading near ₹133,235. Immediate support levels are identified at ₹125,864 and ₹121,093. On the resistance side, the key levels to watch are ₹133,803 and ₹136,971. If the stock breaks below its immediate support, a sharp decline towards ₹117,925 could occur. Conversely, a breakout above ₹136,971 could push the stock towards its 52-week high of ₹151,445
RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels:
Support Levels:
Primary Support: ₹1,249
Secondary Support: ₹1,227
Tertiary Support: ₹1,214
Resistance Levels:
Primary Resistance: ₹1,285
Secondary Resistance: ₹1,298
Tertiary Resistance: ₹1,321
Key Highlights:
Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail.
In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
BANKNIFTY Support & Resistance levels Current Analysis for Bank Nifty (NSEBANK)
As of December 15, 2024, the Bank Nifty index reflects the performance of major banking stocks listed on the NSE and is closely tracked for market sentiment and trading opportunities.
Key Levels
Current Price: ₹53,583.80
Support Levels:
S1: ₹52,680.90
S2: ₹51,778.00
S3: ₹51,291.45
Resistance Levels:
R1: ₹54,070.35
R2: ₹54,556.90
R3: ₹55,459.80
NVDA | 200 EMA + trendline + Retest -> Support | long side TradeNVDA | 4H Chart | 200 EMA Long Setup 🎯
Here's a straightforward trend-following setup on NVIDIA (NVDA) using the 4-hour timeframe.
-Strategy:
1. 200 EMA (yellow line) acts as a dynamic support level, indicating a bullish trend.
2. Long Entry near the bounce off the 200 EMA, with price consolidating above key support.
3. Trend Line Support level
4. Stop Loss placed safely below recent lows to manage risk.
5. Two Target zones are marked for partial profit-taking:
- Target 1: The previous swing high.
- Target 2: A potential continuation towards higher highs, aligning with the broader uptrend.
- Why This Setup?
- Price respects the 200 EMA, Trendline and Support Retest level, signaling strong buying interest.
- The risk-to-reward ratio is favorable, with clearly defined entries and exits.
- NVDA remains in a structural uptrend, offering a solid opportunity for swing traders.
Trade with discipline, and always manage your risk! 🚀
Let me know your thoughts or suggestions in the comments. 👇
7 years breakout candidate KIRI INDUSTRIESKIRI is a preferred resource centre for many of the most extensive product lines in textile dyes.
Sophisticated quality control practices and procedures, modern manufacturing facilities and erp driven enterprise management has enabled KIRI to offer Internationally recognized quality products and services.
KIRI is an accredited and certified Key Business Partner with world’s top Dyestuff majors across Asia-Pacific, the EU and Americas.
A closing above 675 will confirm breakout. This breakout will be on Yearly + Monthly + Weekly + Daily + Hourly timeframe, all at once
Trent Ltd – Breakout in Progress📊 Analysis:
Trent Ltd is trading near its resistance zone around ₹7,020, forming a rising wedge pattern, which indicates sustained bullish momentum. The stock is supported by the 21-EMA and 50-EMA, confirming strength in the trend. A breakout above ₹7,020 could trigger further upside.
📈 Trading Plan:
Entry: Buy above ₹7,030 (on breakout confirmation with volume).
Target 1: ₹7,600
Target 2: ₹7,870
Stop-Loss: ₹6,810 (below recent swing low to limit risk).
🛑 Risk-to-Reward Ratio: Approximately 1:2
💡 Note:
Watch for volume confirmation during the breakout to avoid false signals. Stay cautious if the stock closes below ₹6,810, as it may invalidate the setup.
Nifty's Inverted Head and Shoulders Pattern: Buy OpportunitiesNifty has formed an inverted head and shoulders pattern and is already in an uptrend. This setup presents two buying opportunities: you can enter again at the support level of 24,585 with minimal risk, or you may choose to wait for a breakout above 24,697. If it crosses this level, there is a high chance it will reach 24,850, potentially yielding over 150 points. I expect this target to be achieved in the coming days.
ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you