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Support and Resistance

Nifty levels - Jan 31, 2025Nifty 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
SRF Update – Trading Near a 3-Year Range Watch for breakout📌 Cheat Entry: ₹2704 📌 Entry: ₹2864 (ATH Level) 📌 Stop Loss: ₹2259.8 (Closing Basis, -16.6%) 📌 Target 1: ₹3386 (+25%, R:R 1:1.5 from Cheat Entry) 📌 Positional Target: ₹3910 (+44.6%, R:R 1:2.7 from Cheat Entry) 💡 How to Trade: 1️⃣ Test Quantities: Add small quantities above the Cheat Entry (₹2704). 2️⃣ Full Entry: Add the rest above the ATH breakout level (₹2864). 3️⃣ Look for a clean breakout with a wide-range candle supported by strong volumes. ⚠️ Position Sizing Tip: The market remains weak. Trade only 10% of your usual position size. Example: If you usually buy 100 stocks, buy 3 above Cheat Entry and the rest above ₹2864 (ATH breakout). ✅ Why Trade This Setup: 🏷️ Stock has been in a range since Oct 2021 and is now trading below its ATH. 📈 Once the ATH is broken, no resistance remains, setting the stage for a potential Stage 2 breakout. 🚀 Stock gapped up on Jan 9, 2025, with volumes 7x-8x higher than previous sessions—a potential breakaway gap. 🔑 Trading above key DMAs, showing resilience in a falling market. ⚠️ Risks to Watch: Nifty 50 & Overall Market: The structure remains Lower-High, Lower-Low (LL-LH). Any bounce could be just a natural pullback within this structure. If Nifty or the broader market falls further, the probability of failure increases significantly. Until Nifty & broader market close above 200 DMA & 50 DMA, and change the structure to HH-HL, the risks are amplified. Probability: 2 out of 3 trades may fail in such conditions. 💡 Pro Tip: Trade small quantities unless you’re skilled at managing risk. Missing a rally is better than burning your capital. 📜 Disclaimer: This analysis is shared for educational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. Please consult with a certified financial advisor and consider your risk tolerance before making any trading or investment decisions. 🔍 Final Thoughts: 📊 This trade aligns with the potential for a major breakout, but it’s crucial to manage risk and position sizing carefully. Make decisions based on your risk appetite and always do your due diligence.
NSE:SRFLong
by sagartharayil
VBL - Value BUY?The monthly chart shows that the prices are touching the moving average (middle band) if the Bollinger bands for the first time after a 26 bars (monthly) rally. It also touching the RSI level of 60 for the first time from above. On the WEEKLY chart it can be seen that it has crossed below 50 EMA with average volumes and there is no strong bearish follow up, forming bullish wick candles as it approaches the support level of 520. On daily chart it is indicating a breakdown reclaim pattern of the low from 08/10/24 With a strict stoploss of 510/480 , we can expect an upwards rally with hurdles being at the levels of - 580 / 620 / 650 CMP - 540
NSE:VBLLong
by M92_S
Nifty Intraday Analysis for 29th January 2025NSE:NIFTY Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh 23300 Strike – 67.06 Lakh Put Writing 23000 Strike – 103.33 Lakh 22900 Strike – 60.65 Lakh 22800 Strike – 55.79 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 29th January 2025NSE:BANKNIFTY Index closed near 48865 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 22.96 Lakh 49000 Strike – 15.60 Lakh 49500 Strike – 13.02 Lakh Put Writing 48000 Strike – 17.71 Lakh 47800 Strike – 14.53 Lakh 48500 Strike – 13.31 Lakh Index has resistance near 49400 – 49500 range and if index crosses and sustains above this level then may reach near 50000 – 50100 range. Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47800 - 47700 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 29th January 2025NSE:CNXFINANCE Index closed near 22805 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.14 Lakh 22900 Strike – 1.48 Lakh 22800 Strike – 1.37 Lakh Put Writing 22300 Strike – 2.40 Lakh 22500 Strike – 1.89 Lakh 22700 Strike – 1.79 Lakh Index has resistance near 22950 - 23000 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range. Index has immediate support near 22650 – 22600 range and if this support is broken then index may tank near 22450 – 22400 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 29th January 2025NSE:NIFTY_MID_SELECT Index closed near 11645 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 13.53 Lakh 11900 Strike – 7.54 Lakh 11800 Strike – 6.46 Lakh Put Writing 11600 Strike – 9.49 Lakh 11500 Strike – 7.35 Lakh 11400 Strike – 6.33 Lakh Index has immediate resistance near 11800 – 11850 range and if index crosses and sustains above this level then may reach 11900 – 11950 range. Index has immediate support near 11550 – 11500 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 30, 2025Utilizing 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 - Jan 30, 2025Nifty 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
I Learned Something From This Chart !Hello fellow traders I hope you all are doing well so as we can see the market is not supporting any long position at the moment but the chart of Bajaj Finserv looks very attractive however I am not creating any trading position in it because the company is going to give it's financial figures tomorrow and it can be harmful for my trading position so all of you please also read this idea only for learning. So through this chart we can learn that when price breaks 200 moving average, then a good fall or a good upside move comes. One pattern is formed which we call double bottom in which price after going above the swing low again comes near the old swing low and forms a double bottom and from where the price has come back is called the pattern neckline. Apart from this I have plotted a resistance zone where price took support for the first few days and later it became a resistance zone. This thing reminded me again about the theory of support and resistance. So as I have told you, I will not create any trading position because tomorrow its financial result is due and that can harm my long position. But even if a long position is created after this resistance zone breakout then I will keep my target on the old swing high or all time low which was recently created by the stock a few days ago which was around 2000 keep that as my target and will keep my stop loss below the moving average of 200 days. If we look at the risk to reward then it is 1:2 risk reward ratio which is fine considering the current market perspective. I will not give any update for this idea because I am sharing this idea only for learning purpose. It does not seem to be a proper educational publication therefore i am not adding educational flag but adding long flag beacuse that is my current view. I hope you like my work, Thanks in advance. Best regards- Amit.
NSE:BAJAJFINSVLong
by AMIT-RAJAN
6
Hindustan Zinc Time to Buy???Hindustan Zinc (HINDZINC) Analysis 🚀 After a Stage 2 breakout from ₹410 levels, the stock skyrocketed to ₹810, delivering a remarkable 100% return within a month. However, it has now retraced to its previous breakout zone of ₹410-₹415, signaling a potential Stage 4 decline. Currently, the stock is trading near the previous breakout zone, and two scenarios are in play: Scenario 1: Potential Double Bottom/W Pattern Formation If the stock forms a Double Bottom/W pattern and breaks out of the trendline, it could turn into a promising swing trade candidate. Entry: ₹482 (Safe traders can wait for a close above this level). Targets: T1: ₹575 (+19.5%, RR 1:1.23) T2: ₹716 (+48%, RR 1:3) T3: ₹810 (ATH, +68%, RR 1:4) Stop Loss: ₹410 (-16%) 💡 Why watch this scenario? The Risk-Reward ratio is favorable, and the breakout could indicate strength. If you feel compelled to trade, adding small quantities around the previous breakout levels of ₹410 could be a safer bet. Add only Test Quantities. Scenario 2: Breakdown Below ₹411 If the stock breaks below ₹411, it could re-enter the previous breakout base, with potential downside targets of ₹350-₹325. In this case, shorting opportunities might arise, but only if market sentiment aligns. Technical Overview 🔍 The stock is trading well below all key DMAs, indicating weakness. The Lower High-Lower Low (LH-LL) structure is intact with no signs of reversal yet. Overall market trend: LH-LL and trading below the 200 DMA. Any bounce could just be a natural pullback. Fundamentals 🧐 Hindustan Zinc recently posted decent quarterly results, but the broader market trend and technicals should guide your decisions here. Risks & Sugestions ⚠️ Risk Management: With a 16% risk on SL, position sizing is crucial. Avoid committing big capital without proper confirmation. Market Context: Be wary of overall market trends, as the broader market is still weak. Emotional Trading: Don’t get tempted by sudden spikes in the market. Always wait for confirmation. 👉 Pro Tip: Missing an opportunity is better than burning your capital. Start small to gauge strength before scaling your position. Educational Takeaway ✍️ This stock offers a good learning opportunity for breakout and retracement patterns. Add it to your watchlist but focus on risk management and position sizing. Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making any investment decisions.
NSE:HINDZINC
by sagartharayil
2
PVRINOXKey Observations: Downtrend: The stock has been falling for a long time. Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in. Bounce Back: The stock has given a small green candle, indicating some buying interest. Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it may move up by 13.66% to ₹1,204.20 (previous support, now resistance). Volume: Volume is slightly increasing, which supports a potential reversal. Conclusion: If the stock holds above ₹1,043, it may go toward ₹1,204. If it breaks below ₹988, the downtrend may continue.
NSE:PVRINOXLong
by iVishalPal
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
1
Bank nifty - Jan 28 monthly expiry analysisPrice gave trending bullish move today. 48800 - 48840 is the support and 49260 - 49300 is the resistance. Price have break this range with force to give a trending move. Buy above 48840 with the stop loss of 48740 for the targets 48940, 49020, 49120, 49200, 49320 and 49460. Sell below 48660 with the stop loss of 48740 for the targets 48580, 48500, 48420, 48300, 48220 and 48100. Expected expiry day range is 48500 to 49600. Do your own analysis before taking any trade.
NSE:BANKNIFTY
by vanathi