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Support and Resistance

Zensar Technologies W pattern Breakout. 🚨 Zensar Technologies Trade Alert 🚨 🔍 Setup at a Glance: Pattern: W-pattern forming within a trading channel 📈 Breakout Level: ₹840 Support Zones: Channel support 200 DMA (holding since March 2024) Trend: Overall uptrend, trading above key DMAs ✅ Volume: 🚀 2x-3x higher than previous sessions today! RSI: Strong and supportive – signaling momentum. 💡 Trading Plan: Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity). If the stock closes above ₹840, you can consider adding more. Target (T1): ₹1025 (channel top) – +21% upside potential 🎯 Stop Loss (SL): ₹709 – -16% downside risk 🔻 Risk-Reward Ratio (RR): ⚖️ 1:1.3 ⚠️ Key Risks & Considerations: Market Structure: Currently in a Lower High - Higher Low (LH-HL) sequence. This trade goes against the broader trend – a higher probability of failure! Why Consider It? Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling. 🚦 Risk Management Tip: Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially. ⚠️ Disclaimer: This analysis is for educational purposes only. Please assess your own risk tolerance and consult with a financial advisor before trading. 📘 💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
NSE:ZENSARTECHLong
by sagartharayil
10
Nifty ready for bounce. Buy SpottedOn Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k. If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at 23500 23800 24000 24200 24800 25000 Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly Candle Resistance) Then Next Rally may Begin.. This may be supported by inline earnings reports or better than expected earnings and Budget!
NSE:NIFTYLong
by DrAnandM
TNPL Price Analysis Support: Horizontal green dotted lines at 158.21 and 168.50 mark previous price levels where the market showed buying interest. Resistance: Horizontal red line near 240.00 marks a level where the price faced selling pressure in the past. Summary of the Trade Setup Trade Type: Long (buy). Entry Price: Around 199.48. Stop Loss: Near 173.60. Take Profit: Near 299.35. Risk: Small downside to the stop loss. Reward: Large potential upside to the take profit level. The trade aims for a significant price increase while risking a relatively small amount, providing a favorable risk-to-reward opportunity.
NSE:TNPLLong
by iVishalPal
uptrend telecom stock FROG CELLSATIncorporated in 2004, Frog Cellsat Ltd manufactures in-building coverage solutions and mobile network accessories for mobile service providers and operators. It also provides installations, repair and maintenance services FSL is certified by ISO and National Security Council, for design, manufacture, installation and supply of Telecom Equipment to Indian Mobile Operators. It manufactures RF equipments in India and provides wireless coverage enhancement solutions for 2G /3G /4G /5G.
NSE:FROGLong
by TechnicalAnalystSucrit
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich 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 breakC. 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:XAUUSDShort
by tradergyan01
BankNifty Intraday Support & Resistance Levels for 23.01.2025On Wednesday, BankNifty showed resilience, opening on a positive note but dipping to a low of 48,074.05, breaking below the 125m Demand Zone and entering the Far 30m Demand Zone. From there, it rallied strongly during the final trading hour, touching a high of 48,781.75 before closing at 48,724.40, gaining 153 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (30m): 47,950.15 - 48,117.75 (tested) Far Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty's rally from the 30m Demand Zone highlights robust support around 47,950 - 48,100. On the upside, the 49,200 - 49,400 range presents significant resistance, with further barriers near 49,800 - 50,000. A breakout above these levels could open doors to 50,900+.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 23.01.2025On Wednesday, Nifty delivered a positive performance, opening strong and dipping to a low of 22,981.30. In the final trading hour, it rallied to a high of 23,169.55 and closed at 23,155.35, gaining 130 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 22,986 - 23,029.55 Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook Nifty's rally in the final hour shows strength, but resistance looms near 23,350 - 23,420. A breakout above this level could open doors to 23,500+, testing the Daily Supply Zone. On the downside, the 15m Demand Zone (22,986 - 23,029.55) may act as a strong support. Watch these levels closely for the next move!
NSE:NIFTY
by PriteshPalan
Zomato Bouncing from Support. Low Risk SetUp After hitting all our targets in the previous trade the stock pulled back deeply with the market correction. Now it is setting up again after a pullback. This is a risky proposition but the risk is below 8% and offers good Risk to Reward. Zomato Ltd - Technical Setup Analysis 📊 Entry Level: ₹244.45 Stop Loss (SL): ₹225.77 (-7.63% from entry 🚨) Target 1 (T1): ₹285.70 Target 2 (T2): ₹305.40 Risk-to-Reward Ratio (R:R) T1: 1:2 T2: 1:3 🔘Setup Overview The stock initially broke down below key levels but has now bounced back strongly from the 200-day moving average (DMA), closing above it with confidence. 📈 This suggests renewed buying momentum and potential for further upside. 🔘Support Zone: The bounce occurred at a strong support zone, aligning with the 200 DMA. ⚠️Market Risk: The broader market trend remains uncertain—this could either be the start of a bear market 🐻 or simply a bull market correction 🐂. 🔘Why This Trade is Low-Risk? The stop-loss is shallow and limits potential losses. If this is a bull market correction, the risk-to-reward ratio is highly favorable, making it a solid opportunity for swing traders. 🔘Key Considerations Monitor market trends closely for confirmation of the broader direction. Keep position sizing moderate due to overall market uncertainty. ❗️Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading in the stock market involves risks, and past performance is not indicative of future results. Always conduct your own research or consult a qualified financial advisor before making any trading or investment decisions. The analysis reflects personal views and is subject to change based on market conditions. Neither the author nor any associated entities are responsible for any losses incurred from decisions made based on this analysis.
NSE:ZOMATOLong
by sagartharayil
Kotak Bank's Q3 Surge and Potential PullbackTopic Statement: Kotak Bank reported a solid 10% QoQ profit growth in Q3, sending its stock price soaring 9%, but the breakout from the down trending channel and the gap created raises concerns about a potential return to fill the gap. Key Points: 1. Reported profit growth of 10% QoQ. 2. Stock price jumped 9% post-earnings announcement. 3. Breakout from the down trending channel. 4. A significant gap was created due to the good news. 5. Gap could lead to a pullback to fill it. 6. Price has faced severe resistance at the level of 1900 and the candles create a double top pattern.
NSE:KOTAKBANKShort
by yogeshwar
Nifty Intraday Analysis for 22nd January 2025NSE:NIFTY Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 93.98 Lakh 23400 Strike – 65.63 Lakh 23300 Strike – 62.14 Lakh Put Writing 22500 Strike – 66.13 Lakh 23000 Strike – 56.80 Lakh 22400 Strike – 55.68 Lakh Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 234350 - 23400 range. Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22700 – 22650 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 22nd January 2025NSE:BANKNIFTY Index closed near 48570 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 19.66 Lakh 49000 Strike – 13.16 Lakh 49500 Strike – 12.54 Lakh Put Writing 47000 Strike – 13.49 Lakh 48000 Strike – 13.39 Lakh 49000 Strike – 9.91 Lakh Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 22nd January 2025NSE:CNXFINANCE Index closed near 22550 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.23 Lakh 23800 Strike –0.63 Lakh 23700 Strike – 0.59 Lakh Put Writing 22000 Strike – 1.28 Lakh 22500 Strike – 1.20 Lakh 23000 Strike – 0.92 Lakh Index has resistance near 22700 - 22750 range and if index crosses and sustains above this level then may reach near 22900 - 22950 range. Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 22nd January 2025NSE:NIFTY_MID_SELECT Index closed near 12015 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 8.21 Lakh 12300 Strike – 5.49 Lakh 12400 Strike – 4.43 Lakh Put Writing 12000 Strike – 7.36 Lakh 11800 Strike – 5.87 Lakh 11700 Strike – 2.74 Lakh Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12350 – 12400 range. Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700 – 11650 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Jan 23, 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
Wipro Looking for SupportHello friends good evening, I have prepared a chart for one of my trades in Wipro which I am sharing with you all. So as we can see the Wipro ADR ( American Depository Receipt) listed in the American market is trading down by 4 to 5 percent. In such a situation we can expect that we may see a similar decline in the price of Wipro shares tomorrow or in the coming session. Therefore I have marked a demand zone on its weekly chart and hope that the price will get a bounce from this demand zone, which will be helpful for us to trade on the long side. Different traders follow different setups and indicators to understand support bounce, I would like to understand it only through price action on smaller time frames and will update accordingly. I hope you liked the idea if yes then please like and share it, thank you all. Best Regards- Amit.
NSE:WIPROLong
by AMIT-RAJAN
4
Nifty levels - Jan 23, 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
BankNifty Intraday Support & Resistance Levels for 22.01.2025Tuesday's session saw extreme volatility, with BankNifty opening positive and made day high of 49,543.15. However, it faced heavy selling pressure, dropping to 48,692, followed by a bounce to 49,280.70, and finally sliding to a day low of 48,430.95, entering the 125m Demand Zone. It closed at 48,570.90, losing 780 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 (current price inside the zone) Far Demand/Support Zone (30m): 47,950.15 - 48,117.75 Far Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty is currently in the 125m Demand Zone (48,375.60 - 48,610.10), which could offer support. If this zone holds, we may see a bounce. However, a break below could lead to further downside.
NSE:BANKNIFTY
by PriteshPalan