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Support and Resistance

BankNifty levels - Jan 29, 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
Midnifty Intraday Analysis for 28th January 2025NSE:NIFTY_MID_SELECT Index closed near 11720 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 11.96 Lakh 11900 Strike – 6.48 Lakh 11800 Strike – 5.08 Lakh Put Writing 11500 Strike – 9.06 Lakh 11800 Strike – 6.53 Lakh 11400 Strike – 6.17 Lakh Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range. Index has immediate support near 11650 – 11600 range and if this support is broken then index may tank near 11350– 11300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 29, 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
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame RSI going up continuously, still not in overbought zone MACD is looking good Price is above 20 Months EMA volume is good for past 4-5 months Crossed 930 resistance with good volume DII has increased holding in June and Sep 2024, FII has decreased holdings Target 1 : 1160++ Target 2 : 1350 , This could be next Resistance if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
NSE:PAYTMLong
by maruviral
Axis Bank Outlook For SwingHello friends hope you all are doing well and trading well, so let's talk about the weekly chart of Axis Bank today which is not a trading idea but if you want to take a trade in it then maybe you can get some help from the view I am sharing. So first of all I would like to tell you that in the last working day we saw a big fall in the share price due to the quarterly results presented by the company but if we talk about the technical setup here then as you can see that the price has almost come to the demand zone so in such a situation we can expect a bounce from here and for this we all should follow our respective time frames and our respective setups. I have also plotted Fibonacci retracement and 200 day moving average on this chart which is an important level supporting the support zone, both are free indicators provided by Tradingview you can use in your trades too. If there is confirmation of bounce on any setup then we can keep a target of 10 to 15 percent for this bounce and can also set our stop loss accordingly. So I will share my trade active target and stop loss in the next update. Best Regards- Amit.
NSE:AXISBANKLong
by AMIT-RAJAN
3
Redington Ltd – CNH & Inverse H&S Trade with Caution!🚀 Pattern Highlights Cup and Handle & Inverse Head and Shoulders: Redington is showing a potential Cup and Handle (CNH) formation alongside an Inverse Head and Shoulders, signaling a breakout at ₹238–₹240. 📊 Technical Levels Entry: ₹238–₹240 (Breakout Level) Stop Loss: ₹181 (24% below, on a daily closing basis) Target: ₹340 (~42% upside, positional/medium-term) Risk-Reward Ratio: ~1:1.75 🕵️‍♂️ Observations 1️⃣ The stock is trading within an ascending channel, forming higher lows. 2️⃣ It's below its 52-week high but not correcting much during this bearish phase. 3️⃣ The channel top may act as a key resistance. 4️⃣ Still in Higher High (HH) and Higher Low (HL) format while many other stocks have transitioned to Lower High (LH) and Lower Low (LL) structures. 5️⃣ Volume confirmation will be crucial for a breakout. ⚠️ Risks to Consider Market Sentiment: Current market conditions are bearish, with indices correcting and most sectors showing weakness. Bearish Transition?: No confirmation if this is a bull market correction or the start of a bear market. Earnings Season: Quarterly results are around the corner, which could bring surprises. 📌 Why Risk Management Is Key Example: Newgen Software recently broke out at ₹1,548 (ATH), moved ~15%, but then plunged 41% in just 9 trading sessions, trapping bulls. Solution: Trade light with 7–10% of your usual position size (e.g., buy 7 shares if you usually buy 100). This limits risk while keeping you involved. 🏁 Conclusion Trade cautiously: Position size, risk management, and patience are your best tools here. If the stock doesn’t fall further, it could be an ideal candidate when the market reverses and bottoms out. For Beginners: Avoid this trade for now. Add it to your watchlist and observe. ✨ Final Thoughts Redington is trading tightly above its key DMAs with narrow-range candles. This indicates strength despite market weakness. Watch closely for a breakout confirmation. 🔍 Disclaimer This is not financial advice. Do your own research (DYOR) and consult a financial advisor before making investment decisions. Trading involves risks, and capital is at stake. This idea is shared for educational purposes only.
NSE:REDINGTONLong
by sagartharayil
Nifty Intraday Analysis for 27th January 2025NSE:NIFTY Index closed near 23090 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 75.29 Lakh 23200 Strike – 56.12 Lakh 23300 Strike – 55.46 Lakh Put Writing 23000 Strike – 65.13 Lakh 22500 Strike – 53.43 Lakh 22800 Strike – 40.78 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 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 27th January 2025NSE:BANKNIFTY Index closed near 48370 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 19.75 Lakh 49500 Strike – 18.15 Lakh 48500 Strike – 12.04 Lakh Put Writing 47500 Strike – 18.61 Lakh 47000 Strike – 14.79 Lakh 48000 Strike – 13.15 Lakh Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 27th January 2025NSE:CNXFINANCE Index closed near 22515 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.40 Lakh 22700 Strike – 1.85 Lakh 22800 Strike – 1.50 Lakh Put Writing 22500 Strike – 1.24 Lakh 22000 Strike – 1.09 Lakh 22300 Strike – 0.96 Lakh Index has resistance near 22675 - 22725 range and if index crosses and sustains above this level then may reach near 22850 - 22900 range. Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 27th January 2025NSE:NIFTY_MID_SELECT Index closed near 12090 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12200 Strike – 7.12 Lakh 12100 Strike – 5.06 Lakh 12000 Strike – 5.02 Lakh Put Writing 12000 Strike – 6.91 Lakh 12100 Strike – 5.38 Lakh 12200 Strike – 4.94 Lakh Index has immediate resistance near 12250 – 12300 range and if index crosses and sustains above this level then may reach 12450 – 12500 range. Index has immediate support near 12000 – 11950 range and if this support is broken then index may tank near 11800– 11750 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 28, 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
1
BankNifty levels - Jan 28, 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
1
Nifty Weekly Review Jan 27 - Jan 31Price moved in range between 23000 to 23400 through out this week. 23000 is a strong support zone. Price is bullish as long as it is sustaining above 23000. In daily time frame price is testing support zone and should move above it to be bullish. Buy above 23060 with the stop loss of 23010 for the targets 23100, 23140, 23190, 23240, 23300, 23360, 23420 and 23460. Sell below 22960 with the stop loss of 23000 for the targets 22920, 22880, 22820, 22760 and 22720. Do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
9
Smallcap Index Breakdown: Retailers Brace for Impact!Smallcap Index Breakdown: Retailers Brace for Impact! The Smallcap Index has fallen decisively out of its rectangle base. While it briefly re-entered the zone, it has now resumed its breakdown trajectory, signalling more pain ahead for portfolios. 🔎 What to Watch For: Testing of the 14,900 support seems increasingly probable. A 2-3% drop in Nifty could potentially double the impact on Midcap, Smallcap, and Microcap indices. Retail investors, especially those who bought near the highs, are likely to feel the brunt of this breakdown. ⚠️ Why It Matters: Breakdown in Smallcap and Microcap indices could trigger widespread panic selling. Investors need to manage risks proactively and avoid emotional decisions. The recent breakdown is a reminder to maintain disciplined investing and avoid impulsive decisions. Focus on long-term strategies that align with your goals and risk appetite. 💡 Actionable Insight: Rather than reacting emotionally to the market, this is a good time to focus on capital protection strategies. Ensure you’re following proper risk management and avoid overexposure to high-risk assets. 💬 Let’s Discuss: How do you plan to navigate this potential storm? Will the index find support at 14,900, or is more downside imminent? 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Please consult with your financial advisor for personalized guidance.
NSE:CNXSMALLCAPShort
by sagartharayil
Nifty Breakdown: A Retest of 21,300-21,000 on the Cards?Nifty has decisively broken out of a Falling Wedge + Descending Triangle, confirming a Lower High-Lower Low (LH-LL) pattern. If this bearish momentum sustains, we could see the following levels: Immediate downside toward 22,500 In the worst-case scenario, a retest of 21,300-21,000—the lows last seen during the election volatility of June 2024. 🚩 What’s Adding Pressure? 1️⃣ Midcap, Smallcap, and Microcap indices have also broken down from their bases, intensifying the bearish sentiment. 2️⃣ Uncertainty over Union Budget 2025: Will it contain market-friendly announcements or trigger further panic? 3️⃣ Trump’s global policies & their potential impact on India. 4️⃣ SEBI’s regulations, which could also weigh on market sentiment. 📉 What’s the Key Risk? If the budget disappoints and external policies remain unfavourable, retailers may panic sell, potentially driving Nifty toward these crucial levels. 💡 Trading Tip: Preserve capital during such volatile phases. As Paul Tudor Jones said, "Don’t focus on making money; focus on protecting what you have." 💭 What’s Your View? Will Nifty reverse from 22,500 post-budget? Or are we looking at a deeper correction toward 21,300-21,000? 📈 Let’s discuss below!
NSE:NIFTYShort
by sagartharayil
#Nifty50 - 27th November NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Ps note: I'm not SEBI Registere 🙏🏻
NSE:NIFTY
by thetradeforecast
1
Reliance Support and Resistance Zones for Swing Trading Reliance Chart Analysis & Short term & Long Term Targets Support Levels Reliance Industries has a major support around ₹1200. The stock has taken support at this level twice. If it takes support here again, pay attention to the weekly candle closing. If the stock dips below ₹1200 during the budget time, wait for the price to close above ₹1200 again. Reliance Industries' extended support is around ₹1150. If Nifty comes near the 20,000 mark, Reliance may reach its second major support level near ₹1000. Resistance Levels The resistance for Reliance stock is at ₹1320. The major resistance is at ₹1620. Whenever the stock closes above this level on a weekly candle, the stock may witness a further rally. Reliance Trading and Investment Opportunities Short-Term Trading: Keep the ₹1200 and ₹1150 levels in mind to take a Long Position. The first short-term target is ₹1450. Trade with a stop-loss and a proper entry-exit plan. Long-Term Investors For long-term investors, this is also a good opportunity. Alternatively, you can wait for the upcoming budget. If the stock breaks its all-time high, there could be significant targets in the future.
NSE:RELIANCELong
by manojshinde27
JSB - Trend changing ?JSB - CURRENT PRICE : RM0.485 After finished its downtrend phase, the stock moves in sideways for 3 months (from OCTOBER 2024 until JANUARY 2025). Recently the share price starts to climbing up indicating some bullish scenario. However after a bad news related to the company published, the stock made a falling window (GAP DOWN) on 23 JANUARY 2025. Last Friday the stock managed to recover from the recent sell off and closed as a BULLISH PIERCING LINE. This shows that there is still buying interest in this stock. Based on JAPANESE CANDLESTICK CHARTING TECHNIQUES, falling window may acts as strong resistance level. In this case, RM0.500 may considered as a critical resistance level for this stock. As such, a breakout above RM0.500 , technically will trigger a buy signal at RM0.505 for CANDLESTICK traders. In conclusion, it is a pending breakout stock. ENTRY PRICE : RM0.505 TARGET : RM0.550 , RM0.595 STOP LOSS : RM0.465 (the low of BULLISH PIERCING LINE)
MYX:JSBLong
by IMRAN_96