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Support and Resistance

ABB India Ltd (NSE: ABB) LONG**ABB India Ltd (NSE: ABB)**: **Chart Analysis** * **Trendline Support:** The stock has been respecting a long-term rising trendline since mid-2020. * **Recent Reversal:** A bullish engulfing candle has formed near this trendline support in the latest month (May 2025), closing at ₹5,960 with a **+7.92% gain**. * **Correction Phase:** The stock has corrected significantly from the all-time high around ₹9,179 (marked with a dashed blue line). * **Support Held:** The recent low aligns well with the trendline, suggesting the correction might be ending.
NSE:ABBLong
by Trade_With_Harpreet
ICICI Bank Powers to Lifetime High Within a Strong Bullish ChannTopic Statement: ICICI Bank is on a robust bull run, steadily advancing within a strong uptrending channel. Key Points: * The stock is moving upwards in a strong bullish uptrending channel, making channel-based trading highly effective * It is currently trading at its lifetime high, reflecting continued strength and investor optimism * The price has highly overextended above the 200-day EMA, indicating the stock is highly overbought and may be poised for a cooling-off phase
NSE:ICICIBANK
by yogeshwar
LTC (Litecoin) – Long Spot Entry Opportunity During RetracementLTC is currently undergoing a healthy retracement, pulling back from recent highs. Price is approaching a confluence zone of technical support, making this a high-quality setup for a spot long position. 🔹 Entry Zone: Around $90.00 📉 50-day Moving Average 📏 38.20% Fibonacci retracement 🧱 Base of key support range 🎯 Take Profit Targets: 🥇 $105 – $115 (initial resistance / previous consolidation) 🥈 $133 – $146 (major structural resistance) 🛑 Stop Loss: Just below $80.00 (clearly below invalidation / structure breakdown) 📌 Trade Notes: Wait for signs of reversal confirmation near the $90 zone (e.g., bullish candlestick or RSI divergence). Volume confirmation on the bounce will increase confidence in the setup. Position sizing should reflect wider stop due to swing trade nature.
Long
by Richtv_official
GRASS–Long Swing Trade Setup After 80% Rally GRASS has seen a strong +80% move recently, and is now pulling back into a key support zone. This type of price action—post-rally consolidation at support—often precedes another leg higher, particularly if structure holds and momentum resumes. 🔹 Entry Zone: $2.16 – $2.77 (support area & previous breakout zone) 🎯 Take Profit Targets: 🥇 $2.80 (recent high / range reclaim) 🥈 $3.50 (next major resistance zone) 🛑 Stop Loss: $2.00 (just below structural invalidation level) 📌 Strategy Notes: Volume surge confirms strong interest; this pullback could be accumulation. Monitor for bullish engulfing or higher low confirmation on lower timeframes. Maintain discipline with tight invalidation under $2.00. If support holds and a reversal candlestick confirms, this could be a high-probability continuation setup. Let me know if you'd like a risk-reward breakdown or chart overlay!
Long
by Richtv_official
BALRAMPUR CHINI MILLS technical analysisBalrampur Chini Mills Ltd. (NSE: BALRAMCHIN) is currently trading at INR 585.15. The company is one of India's leading integrated sugar manufacturers, engaged in sugar production, ethanol manufacturing, and cogeneration of power from sugarcane byproducts. Key Levels Support Level: INR 391.30, INR 455.55, INR 483.40, INR 523.25 Swing Level: INR 585.15 Possible Upside Levels: INR 656.65, INR 721.25, INR 803.55 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 60.36, suggesting strong momentum as the stock approaches the overbought zone. This indicates bullish sentiment with potential for further price gains. Volume: Trading volume is 9.07M, reflecting high investor participation. Increased volume around key price levels may confirm breakouts or trend reversals. Sector and Market Context Balrampur Chini Mills Ltd. operates in the sugar industry, which remains highly cyclical and dependent on government policies, weather conditions, and global sugar prices. The ethanol blending initiative in India has boosted industry-wide demand, with sugar mills increasingly focusing on ethanol production to diversify revenue streams. Additionally, government-imposed minimum support prices for sugarcane and export restrictions continue to shape pricing dynamics. The broader market outlook suggests positive momentum for sugar stocks, driven by higher ethanol demand, stable domestic sugar consumption, and global supply constraints. Latest News and Developments Market Trends: Institutional investors remain bullish on sugar stocks due to strong ethanol demand and favorable regulatory policies. Analyst Ratings: Some analysts forecast steady revenue growth, highlighting ethanol's increasing contribution to earnings. Quarterly Results: The company reported improved earnings, supported by higher sugar prices and stable ethanol production margins. Dividend Update: The firm has maintained a consistent dividend payout, reinforcing confidence in long-term profitability. Analysis Summary Balrampur Chini Mills Ltd. exhibits strong technical momentum, with RSI and volume indicating continued investor interest. Sector dynamics remain favorable, driven by government support for ethanol and steady sugar consumption. Investors should monitor commodity price trends, policy developments, and macroeconomic indicators before making strategic decisions. A balanced approach is advisable, considering cyclical industry risks alongside growth opportunities.
NSE:BALRAMCHINLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 29th May 2025NSE:NIFTY Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 131.43 Lakh 25500 Strike – 128.89 Lakh 24800 Strike – 102.38 Lakh Put Writing 24500 Strike – 80.64 Lakh 24800 Strike – 79.77 Lakh 25000 Strike – 65.52 Lakh Index has resistance near 24950 – 25000 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 29th May 2025NSE:BANKNIFTY Index closed near 55415 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 57000 Strike – 17.55 Lakh 56000 Strike – 17.36 Lakh 55500 Strike – 15.41 Lakh Put Writing 55000 Strike – 14.97 Lakh 54000 Strike – 13.72 Lakh 55500 Strike – 12.84 Lakh Index has resistance near 55800 – 55900 range and if index crosses and sustains above this level then may reach near 56400 – 56500 range. Index has immediate support near 54800 - 54700 range and if this support is broken then index may tank near 54300 - 54200 range.
NSE:BANKNIFTYLong
by RKMAURYA
2
Finnifty Intraday Analysis for 29th May 2025NSE:CNXFINANCE Index closed near 26450 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 27000 Strike – 1.77 Lakh 26500 Strike – 1.58 Lakh 26400 Strike – 1.35 Lakh Put Writing 26000 Strike – 1.77 Lakh 26400 Strike – 1.49 Lakh 25800 Strike – 1.28 Lakh Index has resistance near 26625 - 26675 range and if index crosses and sustains above this level then may reach near 26850 - 26900 range. Index has immediate support near 26250 – 26200 range and if this support is broken then index may tank near 26050 – 26000 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 29th May 2025NSE:NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 13000 Strike – 14.58 Lakh 12800 Strike – 8.97 Lakh 12600 Strike – 8.64 Lakh Put Writing 12600 Strike – 7.93 Lakh 12500 Strike – 5.94 Lakh 12700 Strike – 4.64 Lakh Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12275 – 12225 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
1
EUR/USD – Potential Short-Term TradeTime Frame: 1H Bias: Long (Bullish Reversal Expected) Setup Type: Reversal from Flip Zone Date: May 27, 2025 🔍 Market Context: The price is currently retracing after forming a short-term lower high. It has entered a prior demand zone (highlighted box) that acted as resistance-turned-support — a classic flip zone. The market has shown responsiveness to this zone in the past (bounces seen on May 22–23 and again on May 24), suggesting strong buyer interest remains here. 📌 Key Levels: Interest Zone for Longs: 1.1300 – 1.1320 This is where buyers are expected to step in again. Look for bullish price action confirmation in this zone before entry. Entry Trigger: Bullish engulfing, strong wick rejection, or bullish divergence within the demand zone. Target Zone: 1.1424 A clean 90-pip move (approx. 0.90%) from the entry zone — aligns with the previous high and liquidity pool. Stop Loss: Below 1.1300 (e.g., 1.1288) To protect against deeper sweeps of the zone. Risk-Reward: ~1:5 Excellent R:R if price reacts cleanly from the flip zone. 📈 Trade Idea Summary: Buy EUR/USD around 1.130–1.132 Stop Loss: 1.1288 Take Profit: 1.1424 R:R Ratio: ~1:4.8 Confirmation Needed: Bullish candlestick pattern or rejection wick in the zone. ⚠️ Notes: If price slices cleanly through 1.1300 without wicks or slowing down, invalidate the setup — wait for a deeper retest or a fresh demand zone to form. ⚠️ Disclaimer This post is purely for educational purposes. I am not a financial advisor, and nothing here should be taken as financial advice. Always consult your financial advisor before making any investment or trading decisions. Or at the very least, consult your cat. 🐱
Long
by johntradingwick