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Support and Resistance

Strength Index (RSI) IndicatorThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is helpful for market participants in identifying trends. In a strong uptrend, the RSI typically stays between 40 and 90, with the 40-50 range acting as support. In a strong downtrend, the RSI ranges from 10 to 60, with the 50-60 range serving as resistance.
BSE:SENSEXEducation
by SkyTradingZone
3
Nifty Intraday Analysis for 13th December 2024NSE:NIFTY Index closed near 24550 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 48.18 Lakh 24600 Strike – 37.20 Lakh 24700 Strike – 29.81 Lakh Put Writing 24000 Strike – 30.22 Lakh 24600 Strike – 29.33 Lakh 24500 Strike – 29.25 Lakh Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 13th December 2024NSE:BANKNIFTY Index closed near 53215 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 25.18 Lakh 53500 Strike – 20.07 Lakh 54500 Strike – 18.04 Lakh Put Writing 52500 Strike – 17.74 Lakh 53500 Strike – 16.99 Lakh 53000 Strike – 14.36 Lakh Index has resistance near 53750 – 53900 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range. Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 13th December 2024NSE:CNXFINANCE Index closed near 24725 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 2.56 Lakh 24800 Strike – 1.55 Lakh 24700 Strike – 1.31 Lakh Put Writing 24800 Strike – 1.34 Lakh 24700 Strike – 1.13 Lakh 24500 Strike – 0.81 Lakh Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25050 - 25100 range. Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 13th December 2024NSE:NIFTY_MID_SELECT Index closed near 13070 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 6.62 Lakh 13200 Strike – 2.90 Lakh 13300 Strike – 2.60 Lakh Put Writing 13000 Strike – 6.95 Lakh 12900 Strike – 2.34 Lakh 13100 Strike – 2.19 Lakh Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range. Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
TRBUSDT: Bullish Breakout or Retail Trap?Yello Paradisers! TRBUSDT is showing signs of a potential bullish move, backed by its strong bullish market structure and a supportive trendline. However, this setup could soon become a classic trap for retail traders if the market induces premature entries. 💎If TRBUSDT takes inducement and shows a clear I-CHoCH (Internal Change of Character) on lower timeframes from the support zone, it will significantly increase the probability of a bullish breakout. 💎On the other hand, a breakdown and candle close below the support zone will invalidate this bullish idea, signaling caution. In that case, waiting for a more defined price action structure would be the smarter move. 🎖Discipline and patience are the keys here, Paradisers. Remember, a well-planned entry is far more valuable than chasing uncertain setups. Stay focused, trade strategically, and let the market come to you! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
BankNifty levels - Dec 16, 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 16, 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
DCM Limited Exhibiting good Price Action. Risky proposition. Microcap company. Exhibiting good Pricie Action. -Rounding Bottom. -Darvas Box Breakout -Breakout with Huge Volume. -Wide Range Clean candle without any wick -Dry volume when pulling back. -Break Away Gap. We talked about the positives now let's dwell on the negatives. -Ideal entry missed. -micro-cap company which increases the risk One can trade it in 2 ways. 1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting. 2. Wait for a breakout of 146, which is the ATH. Keep SL low of the break-out candle. Selecting this stock mainly for -The volume -Good clean candles. -Break away Gap I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company. Peace...
NSE:DCMLong
by sagartharayil
Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL Bharati Airtel Ltd view for Intraday 13th Dec #BHARTIARTL Resistance 1600 Watching above 1604 for upside movement... Support area 1570 Below 1590 ignoring upside momentum for intraday Support 1579 Watching below 1579 or downside movement... Resistance area 1600 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,
NSE:BHARTIARTLLong
by EmpireCrown