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Support and Resistance

Rectangle Channel Breakout - VESUVIUS INDIAOverview of Company : The company's products include shaped refractories like shrouds, stoppers, pre-cast products, nozzles, and crucibles. It also includes unshaped refractories like castables and taphole clay. It also offers repair and maintenance services for its refractories. Technical Aspects to be learned from this chart : 1. This stock price formed Rectangular channel pattern from almost more than 5 months. 2. Stock gave a powerful breakout with bullish candle closing above 52W indicating bullish momentum in the stock 3. Volume burst gives us additional confirmation to consider the bullish trend. 4. This stock starts it uptrend from 15 april and almost continued to bull run almost a month and started consolidating. 5. Consolidation after a quick run up was always a good sign for the stock to continue its trend. Risk reward ratio : We can expect 2:1 risk reward in this setup. Note : It's always good to wait until the stock price retest the breakout support zone.
NSE:VESUVIUSLong
by Breakout-Ideas
Skipper Ltd - Triangle Pattern Breakout FormedFundamental Overview of company : Skipper is the market leader in the manufacture of T&D structures and distribution poles. It is positioned among the 10 largest global T&D structure manufacturers. It is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC. Technical Analysis : 1. Bullish closing candle above recent resistance line gives confidence to show further momentum on the top side. 2. In terms of chart pattern, NSE:SKIPPER formed triangle chart pattern breakout starting from June 2024 to Sept 2024. 3. Price struggled to close above 463.8 almost 4 consecutive days from 21 aug 2024 - 25 aug 2024 but failed to cross the resistance. but today stock price successfully closed above the resistance gives confidence for further swing. 4. Strong volume indicates the presence of heavy transactions happened at this price point indicating interest among the market participants Risk Reward Ratio : We can focus 1:1 risk reward ratio on this trade considering support and resistance. Exit points : One can consider to exit from this stock on 2 factors 1. Day candle closure below trendline 2. Day candle close below Stop loss
NSE:SKIPPERLong
by Breakout-Ideas
#DEEPAKFERT Ready for Another Bull Run !🚀 Stock Alert: #DEEPAKFERT Ready for Another Bull Run! 🚀 📈 Momentum Building: In the recent session, we've seen a huge volume build-up, and #DEEPAKFERT is making a strong rebound after taking support at the 50-day moving average. The momentum suggests it's set for another bullish run, making it a strong candidate for a swing trade. With the recent massive bull run in chemical stocks, this one is worth watching! 🔥 💡 Keep #DEEPAKFERT on your radar for potential breakout opportunities! 👀 Target: 1190-1200 Stop Loss: 980 Trade Risk Free Exit (20-30%): 1115 📢 Disclaimer: This post is for educational purposes only. Always do your own research before making any investment decisions. 💼 #StockMarket #Trading #InvestSmart
NSE:DEEPAKFERTLong
by nemi-chand
1
#GODREJPROP on the Rise! Pre Breakout entry#GODREJPROP on the Rise! 🚀 📈 Gearing up for a Breakout: The last two three trading sessions have shown significant momentum with good volume, and #GODREJPROP is now trading above the 50-day moving average. The momentum is strong, signaling a potential bullish run ahead also the Reality index having the same momentum🔥 💡 This makes #GODREJPROP a top candidate for a swing trade. 📊 If you're looking for opportunities, keep an eye on this one! 👀 💼 Trade smart, and stay ahead! 💪 #StockMarket #Trading #InvestSmart Target: 3650-3700 Stop Loss: 3033 Trade Risk Free Sell (20-30%): 3370
NSE:GODREJPROPLong
by nemi-chand
Power Finance Corporation (PFC) LEVELS For Power Finance Corporation (PFC), the key levels are: * Resistance Level: ₹580.00 (52-week high) * Support Level: ₹225.25 (52-week low) This means that: * If the stock price is above ₹580.00, it is considered to be in a strong uptrend and may be difficult to break above this level. * If the stock price is below ₹225.25, it is considered to be in a strong downtrend and may be difficult to break above this level. These levels can be used as reference points for investors and traders to make informed decisions about buying or selling the stock.
NSE:PFCLong
by EmpireCrown
#SOBHA Support & Resistance levels #SOBHA As of September 23, 2024, Sobha Ltd. shares are trading around €1,987 to €2,043, reflecting a strong upward trend over the past few weeks. The stock is displaying bullish momentum, with key technical indicators like the RSI maintaining strength, hovering around 60, and the breakout of a triangle pattern further suggesting the potential for upward movement. For potential bullish movement, breaking the €2,090 level would be significant. In terms of support and resistance levels: Immediate Resistance: €2,090, which is the key breakout level. Major Resistance: *2,160, which was the all-time high in June 2024. Immediate Support: €1,960 to €1,930 levels, where the stock has shown consolidation and bounced from recently. Major Support: €1,850. For a stop loss, you could place it just below ₹1,930, as this level has provided support in the recent price action. If the ₹2,090 level is breached, it may open up the possibility for further gains toward €2,160 and beyond.
NSE:SOBHALong
by EmpireCrown
Nifty Intraday Analysis for 23rd September 2024NSE:NIFTY Index closed near 25790 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 63.78 Lakh 25800 Strike – 55.14 Lakh 25700 Strike – 50.90 Lakh Put Writing 25500 Strike – 76.37 Lakh 25700 Strike – 55.95 Lakh 25600 Strike – 47.80 Lakh Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range. Index has immediate support near 25500 – 25400 range and if 25350 support is broken then index may tank near 25100 – 25000 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 23rd September 2024NSE:BANKNIFTY Index closed near 53795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 54000 Strike – 22.97 Lakh 53500 Strike – 14.61 Lakh 54500 Strike – 12.03 Lakh Put Writing 53000 Strike – 24.40 Lakh 52500 Strike – 17.11 Lakh 53500 Strike – 13.71 Lakh Index has resistance near 54000 – 54200 range and if index crosses and sustains above 54200 level then may reach near 54500 – 54600 range. Index has immediate support near 53400 – 53300 range and if this support is broken then index may tank near 52700 - 52500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 23rd September 2024NSE:CNXFINANCE Index closed near 24790 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 7.09 Lakh 25200 Strike – 6.04 Lakh 24500 Strike – 5.55 Lakh Put Writing 24000 Strike – 11.32 Lakh 24500 Strike – 8.90 Lakh 24300 Strike – 8.21 Lakh Index has resistance near 25000 - 25050 range and if index crosses and sustains above 25050 level then may reach near 25200 - 25250 range. Index has immediate support near 25600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 23rd September 2024NSE:NIFTY_MID_SELECT Index closed near 13115 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13300 Strike – 26.68 Lakh 13200 Strike – 22.82 Lakh 13500 Strike – 20.55 Lakh Put Writing 12800 Strike – 17.09 Lakh 13000 Strike – 17.09 Lakh 13100 Strike –14.57 Lakh Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range. Index has immediate support near 13000 – 12900 range and if this support is broken then index may tank near 12800 – 12750 range.
NLong
by RKMAURYA
FinNifty levels - Sep 24, 2024FinNifty 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:CNXFINANCE
by sacxe