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Support and Resistance

NIFTY 50 Plan for 06.06.20251. Market is indecisive --> Highly likely that market will remain sideways to cool off the heightened option premiums 2. Expect the market to create a new inside doji today with trading range between yesterday's high and close 3. If any meaningful closing above 24900 followed by the next swing low above 24900, we can expect 25000 - 25100 level. 4. If the above upside doesn't materialize, highly likely that market will become sideways 5. If any meaningful closing below 24600 followed by the next swing high below, 24600, we can expect 24400 - 24300 level Disclaimer: I am not a registered SEBI Research Analyst nor I am authorized to consult in Stock Market trading matters. I am just sharing my view for fun and learning. Please trade at your own risk.
NSE:NIFTY
by Sambit_Rout
HERCULES HOISTS technical analysisHercules Hoisting Ltd. (NSE: HERCULES HOI. LTD.) is currently trading at INR 309.20. The company operates in the material handling and industrial equipment sector, providing hoisting solutions for infrastructure, manufacturing, and logistics industries. This company is part of Bajaj Group. Key Levels Support Levels: INR 77.36, INR 127.30, INR 169.29, INR 196.37 Swing Level: INR 309.20 Possible Upside Levels: INR 359.15, INR 422.75, INR 487.60 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 59.97, indicating strong momentum but remaining below the overbought threshold, suggesting further upside potential if buying interest persists. Volume: Trading volume has been consistent, reflecting steady investor participation. A spike in volume near resistance levels could confirm bullish movements. Sector and Market Context Hercules Hoisting Ltd. operates within the industrial equipment and logistics automation sector, which has seen rising demand due to increased manufacturing activity, automation in warehousing, and infrastructure growth. The industry benefits from government-led industrial expansion and private sector investments, though it faces challenges such as raw material price fluctuations, regulatory compliance, and competitive pressures from global players. Broader market conditions suggest positive sentiment in capital goods stocks, making industrial and equipment-related companies appealing to long-term investors. Latest News and Developments Market Trends: Increased adoption of automated material handling solutions, boosting prospects for hoisting and lifting equipment manufacturers. Analyst Ratings: Analysts have projected stable revenue growth, citing expansions in industrial automation demand. Quarterly Results: The company reported moderate earnings growth, supported by steady infrastructure investment inflows. Dividend Update: Hercules Hoisting Ltd. has declared a dividend payout of ₹3 per share, reflecting stable cash flow management and shareholder commitment. Analysis Summary Hercules Hoisting Ltd. presents a bullish technical setup, with RSI and volume trends indicating strong investor engagement. Sector fundamentals remain positive, supported by automation-driven industrial growth and infrastructure expansion. Investors should monitor price movements near key resistance levels, macroeconomic indicators, and industrial investment trends before making strategic decisions. A balanced approach is advised, factoring in market cyclicality and sector-specific risks.
NSE:HERCULESLong
by TechnicalAnalystSucrit
2
Outlook on nifty 50 for the next week. Is it going trending?Nifty 50 on the daily chart is trading in a range and has respected the zone quite effectively. Index has remained sideways since a 3.82% move on 12th may. Market trade in cycle and after a sideways cycle, a trending market is predicted. Either side movement can be seen in the index as 18 bars or 24 days it has remained in the range. Major Resistance :- 25125, 25500 Major support :- 24500, 23930 This 600 range and change into same range of trending market. Even the moving averages are coinciding and forming a MA gate which can give good momentum trading setup Wait for the price action near the price levels before forming a trading basis. Trade only the setup and wait for the retest on either side.
NSE:NIFTY
by TheMamboMomentum
KAVA Ready for Breakout? Watch 0.45 Key Level 📊 Cycle Analysis 🔁 HWC: Ranging 🔁 MWC: Ranging 🔁 LWC: Ranging The price is currently moving inside a 4H range box. Personally, I avoid trading inside ranges like this due to the high probability of fakeouts and choppy movement. 🧭 My Strategy: ✅ A break above 0.45 (range resistance) could be a solid long trigger, signaling a potential breakout from this consolidation zone. 📈 After entering, I’ll let the price move toward the upper descending trendline, which has seen multiple touches. This increases the odds of a breakout, or at least a strong reaction. ⚠️ If the reaction to the trendline is weak (e.g., no strong rejection candle, low volume), I’ll keep my position open, as the market may break out and offer better R multiples. 🚫 About Short Positions: Technically, you could short a breakdown from the range, but I won’t be taking any short setups here. I’m focused purely on the long side for now. 📝 Summary: ❌ No trades inside the range box ✅ Long entry on 0.45 resistance break 🎯 Targeting the upper trendline 🧠 If the trendline gives a weak rejection → keep the trade open 🚫 Ignoring short opportunities 📌 Got a coin in mind? Drop it in the comments and I’ll analyze it for you. ⚠️ Without proper risk management, you're just a ticking time bomb.
Long
by parsa_xa
Nifty - Expiry day June 5 analysisPrice took support from 24500 zone and faced resistance at 24620 zone. The movement was very less and very less opportunities for option buyers. As of now 24600 zone will decide the trend direction. Buy above 24640 with the stop loss of 24580 for the targets 24700, 24760, 24800, 24840 and 248880. Sell below 24480 with the stop loss of 24530 for the targets 24440, 24400, 24320, 24280 and 24240. Expected expiry day range is 24300 to 24700. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi