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Support and Resistance

Aether Industries has been consolidating?Aether has been consolidating for almost a year within a falling wedge pattern, a structure that often signals the end of a downtrend. Recently, the stock has shown signs of bottoming out near the ₹740–750 zone, where it found strong demand in the past as well. • This base has now formed two key bottoms, which indicate potential accumulation by long-term investors. The volume is gradually increasing near the lower end of the wedge, which may suggest silent buying. • From a fundamental perspective, Aether operates in the specialty chemicals sector with a focus on niche products and R&D capabilities. The sector has long-term tailwinds due to India's growing role as a global chemical supplier. Aether's consistent revenue growth and expansion into new chemistries make it a structural story rather than just a trading bet. • A breakout if close above ₹757 could trigger a strong uptrend, with potential targets around ₹1,150 and even ₹1,400 in the longer term. The price would then be aligning with the company's growth potential, as the fundamentals begin to reflect in the stock price. • The risk-reward here favors patient investors willing to sit through volatility, especially if the company continues to deliver on execution. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:AETHERLong
by iVishalPal
NetApp Inc shows bullish candlestick in larger timeframeNASDAQ:NTAP price action shows bullish candlestick pattern in the Monthly Chart. As well as in Weekly chart, it shows steady rejection and showing a sideways consolidating trend. Lets analyze first weekly timeframe: We can see during April'25 (Tariff Trauma weeks) the price made a low of $74, breaching down the $80 mark. But within one week it again regains back the strong, historical demand zone of $80 and continue it's upsurge towards $100. It made a recent weekly high of $102. Last 3 weeks was a consolidating around $97 to $100 level, keep on honouring the support of $97. Last week, during timid FY24-25 Q4 earnings, we can see it falls back to $94. And seen a rejection there during last trading session of Friday, 05/30 and close the week with a Dragronfly dozi candlestick pattern (albeit the body color is red). Still the bottom rejection wick and holding back $97 is a sign of 'don't give up so easily'. Whereas in monthly timeframe, it shows absolute bullishness: The April month candle was a book-perfect Dragronfly doji. This May month candle is a super bullish (sort of) Marubozu candle, even the low is above the last monthly close. It's indicates a confirmative bullishness in monthly Verdict: This NASDAQ:NTAP counter is expected to be sideways-to-bullish in coming weeks. Immediate Support levels are: $97, $89 (200 WSMA), $80. There is no reason of it getting close below $80. That's becomes the new normal Low of the counter. It's going through a typical consolidation and distribution phase for gathering new energy to resume it's upmoving in coming medium terms. Stay Invested or Keep on accumulating , specially on every dips.
NASDAQ:NTAPLong
by pradipandsuvra
Bank Nifty Weekly Insights: Key Levels & TrendsBank Nifty ended the week at 55,749.70 with a gain of 0.63% Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The critical range to monitor for potential trend reversals or continuation is 55,632 to 55,869 🔹 Support & Resistance Levels: Support Levels: S1: 55,280 S2: 54,810 S3: 54,303 Resistance Levels: R1: 56,224 R2: 56,698 R3: 57,073 Market Outlook ✅ Bullish Scenario: A sustained move above 55,869 could trigger buying momentum, potentially driving Bank Nifty towards R1 (56,224) and beyond. ❌ Bearish Scenario: If the index falls below 55,632, selling pressure may increase, pulling it towards S1 (55,280) and lower levels. Disclaimer: lnkd.in
NSE:BANKNIFTY
by ALICEBLUE
1
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 ended the week at 24,750.70 with a loss of (-0.41%) If Nifty sustains below 24,673, selling pressure may increase. However, a move above 24,830 could restore bullish momentum. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The crucial range to watch for potential trend reversals or continuation is 24,673 -24,830. 🔹 Support & Resistance Levels: Support: S1: 24,438 S2: 24,126 S3: 23,807 Resistance: R1: 25,068 R2: 25,384 R3: 25,847 Market Outlook ✅ Bullish Scenario: A sustained breakout above 24,830 could attract buying momentum, driving Nifty towards R1 (25,068) and beyond. ❌ Bearish Scenario: A drop below 24,673 may trigger selling pressure, pushing Nifty towards S1 (24,438) or lower. Disclaimer: lnkd.in
NSE:NIFTY
by ALICEBLUE
BTC on the D1 timeframe is forming a Three Black Crows patternBTC on the D1 timeframe is forming a Three Black Crows pattern – one of the classic signals indicating that the downtrend is still ongoing. From now until the end of Sunday, the price is expected to continue dumping! In the worst-case scenario, it could even sweep below the 101K zone, so be cautious if you're still holding any Long positions. Current strategy: scalp Short! There might be a slight bounce today, but tomorrow—go Short on the entire market. I’ll update more info as soon as I get it! Remember: Scalp Short only, don’t hold long-term positions. Always set a Stop Loss! If it hits SL, cut immediately—don’t hold. Trade fewer positions! Stick to 1–2 trades at a time to avoid getting wiped by market volatility.
Short
by Trendformal
Patanjali Foods Ltd (NSE: PATANJALI) technical chart breakdown.Patanjali Chart Structure & Price Action The stock has been trading within a descending channel, bounded by the blue trendlines. It recently bounced from a major demand zone (~₹1,698) marked by the green support line that has absorbed liquidity multiple times ("Taken multiple liquidity"). Price is now slowly recovering from this base. Current Scenario CMP: ₹1,747 Immediate Resistance: ₹1,783 (horizontal level) ₹1,818–₹1,835 zone (upper boundary of the falling channel) Break and sustain above ₹1,783–₹1,835 could trigger a trend reversal. Upside Targets Target 1: ₹1,830/Target 2: ₹1,904 Previous structural high Target 3: ₹2,011 Recent swing high Total upside from breakout: ~8.76% Support Levels ₹1,698 – Critical demand zone (green) ₹1,650 – Next strong support ₹1,570 – Long-term support base (green zone) Simple Explanation Patanjali Foods rebounded from a high-liquidity support area and is now showing signs of bullish recovery. A breakout above ₹1,783 could take it back to the ₹1,900–₹2,000 range. Risk is well-defined below ₹1,698. Watch for volume and price action confirmation near the upper channel. Like, comment your thoughts, and share this post Explore more stock ideas on the right hand side your feedback means a lot to me! Disclaimer: This post is for educational purposes only and should not be considered a buy/sell recommendation.
NSE:PATANJALILong
by iVishalPal
Nifty Intraday Analysis for 30th May 2025NSE:NIFTY Index closed near 24835 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 56.63 Lakh 24800 Strike – 42.11 Lakh 25500 Strike – 40.43 Lakh Put Writing 24800 Strike – 36.15 Lakh 24500 Strike – 28.36 Lakh 24400 Strike – 22.54 Lakh Index has resistance near 25000 – 25050 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 30th May 2025NSE:BANKNIFTY Index closed near 55445 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 56000 Strike – 17.81 Lakh 55000 Strike – 6.42 Lakh 57000 Strike – 5.74 Lakh Put Writing 56000 Strike – 13.25 Lakh 55000 Strike – 8.51 Lakh 55500 Strike – 4.11 Lakh Index has resistance near 56000 – 56100 range and if index crosses and sustains above this level then may reach near 56600 – 56700 range. Index has immediate support near 55200 - 55100 range and if this support is broken then index may tank near 54600 - 54500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 30th May 2025NSE:CNXFINANCE Index closed near 26450 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 26000 Strike – 0.07 Lakh 26400 Strike – 0.07 Lakh 26500 Strike – 0.05 Lakh Put Writing 26000 Strike – 0.13 Lakh 26500 Strike – 0.07 Lakh 26400 Strike – 0.05 Lakh Index has resistance near 26775 - 26825 range and if index crosses and sustains above this level then may reach near 27000 - 27050 range. Index has immediate support near 26350 – 26300 range and if this support is broken then index may tank near 26075 – 260125 range.
NSE:CNXFINANCELong
by RKMAURYA