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Support and Resistance

#nifty50 - 19TH 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.
NSE:NIFTY
by thetradeforecast
SURYAROSNI Trading Within Fresh Demand ZoneSURYAROSNI is currently trading at ₹554.7, positioned within its demand zone between ₹565 and ₹553.5, identified on 9th August 2024. This fresh zone has not yet been tested, indicating potential buying interest if the price stabilizes within this range. Investors may consider monitoring this level for signs of support, which could trigger a rebound opportunity. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:SURYAROSNILong
by rush12799
LTFOODS Trading Within Tested Demand ZoneLTFOODS is currently trading at ₹343.35, positioned within its tested demand zone between ₹341.95 and ₹333, identified on 21st August 2024. This zone has previously demonstrated support, suggesting continued buying interest around these levels. Investors may look for potential accumulation in this range, anticipating a bounce from this established support area. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:LTFOODSLong
by rush12799
ACCELYA Trading Above Fresh Weekly Demand ZoneACCELYA is currently trading at ₹1492.05, slightly above its demand zone between ₹1465 and ₹1412.55, established on 12th January 2024. This fresh zone remains untested, suggesting potential buying interest if the stock price revisits this range. Investors may consider watching for a pullback to this zone, which could provide a buying opportunity with strong support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:ACCELYALong
by rush12799
ATUL Trading Near Fresh Weekly Demand ZoneATUL is currently trading at ₹7175.1, positioned within its weekly demand zone between ₹7180 and ₹6773.75, identified on 26th July 2024. This fresh zone has not been tested, indicating potential buying interest at these levels. Investors might watch for support within this range, which could lead to a possible rebound opportunity. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:ATULLong
by rush12799
SUNDRMFAST Trading Within Tested Demand ZoneSUNDRMFAST is currently trading at ₹1164.2, positioned within its tested demand zone between ₹1153.6 and ₹1125, established on 15th May 2024. This zone has already shown support in the past, suggesting continued buying interest around these levels. Investors may consider this range for potential accumulation, expecting a possible rebound from this proven support area. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:SUNDRMFASTLong
by rush12799
MPHASIS Trading Above Fresh Demand ZonMPHASIS is currently trading at ₹2758.15, slightly above its demand zone between ₹2737.9 and ₹2690.8, identified on 16th August 2024. This fresh zone remains untested, indicating potential buying interest if the stock revisits this range. Investors might consider monitoring for a pullback towards this zone, which could offer a buying opportunity around this support level. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:MPHASISLong
by rush12799
LINDEINDIA Trading Above Fresh Demand ZoneLINDEINDIA is currently trading at ₹6540.1, slightly above its demand zone between ₹6529.95 and ₹6380, established on 2nd April 2024. This fresh zone has not been tested, suggesting potential buying interest if the price revisits this range. Investors may watch for a pullback to these levels, which could provide a buying opportunity with strong support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:LINDEINDIALong
by rush12799
Nifty Intraday Support & Resistance Levels for 19.11.2024On Monday, Nifty opened with a gap up at 23,592.60 (Open = High) but faced selling pressure, dropping to a low of 23,350.40 before closing at 23,453.80, losing 79 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Despite continuing its pattern of lower highs and lower lows, Nifty took support at 23,350, bouncing over 200 points intraday, as anticipated. If the low of the Daily Demand Zone at 23,350 holds, we could see bullish momentum targeting 23,900 - 24,250 levels. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Immediate Resistance (30m): 23,908.65 - 23,992.50 Higher Resistance (75m): 24,106.90 - 24,242.00 Major Resistance (75m): 24,447.65 - 24,537.60 Extended Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 18th November 2024NSE:NIFTY Index closed near 23535 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 45.81 Lakh 23600 Strike – 28.89 Lakh 23500 Strike – 25.62 Lakh Put Writing 23000 Strike – 34.00 Lakh 23500 Strike – 33.23 Lakh 23600 Strike – 23.56 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23750 – 23800 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
NSE:NIFTY
by RKMAURYA
4
Banknifty Intraday Analysis for 18th November 2024NSE:BANKNIFTY Index closed near 50180 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 14.94 Lakh 51500 Strike – 14.10 Lakh 50500 Strike – 9.89 Lakh Put Writing 49500 Strike – 18.29 Lakh 50000 Strike – 15.03 Lakh 49000 Strike – 10.96 Lakh Index has immediate support near 49600 - 49500 range and if this support is broken then index may tank near 49000 - 48900 range. Index has resistance near 50650 – 50800 range and if index crosses and sustains above this level then may reach near 51100 – 51300 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 18th November 2024NSE:BANKNIFTY Index closed near 23200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 18.66 Lakh 23600 Strike – 9.53 Lakh 23400 Strike – 5.60 Lakh Put Writing 22800 Strike – 14.75 Lakh 22900 Strike – 5.20 Lakh 23000 Strike – 5.13 Lakh Index has immediate support near 22900 – 22800 range and if this support is broken then index may tank near 22600 – 22500 range. Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23550 - 23600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 18th November 2024NSE:NIFTY_MID_SELECT Index closed near 12105 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12400 Strike – 13.54 Lakh 12300 Strike – 13.02 Lakh 12200 Strike – 12.49 Lakh Put Writing 12000 Strike – 15.33 Lakh 12100 Strike – 10.06 Lakh 11900 Strike – 9.28 Lakh Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range. Index has immediate resistance near 12225 - 12275 range and if index crosses and sustains above this level then may reach 12350 – 12400 range.
N
by RKMAURYA
BankNifty levels - Nov 19, 2024Utilizing 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 - Nov 19, 2024Nifty 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
BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:8 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
CRYPTO:BTCUSDLong
by tradergyan01
NIFTY50 1HRINTRADAY TRADE - EARN WITH ME DAILY 10K-20K – NIFTY50 Looking good for Downside.. When it break level 23560 and sustain.. it will go Downside... SELL @ 23560 Target 1st 23483 2nd 23375 FNO NIFTY NOV FUT – LOT 15 (Qty-375) NIFTY NOV 23750 PE – LOT 15 (Qty-375) – PRICE (297.80) Enjoy trading traders.. Keep add this STOCK in your watch list.. Big Investor are welcome.. Like this Post??? Hit like button..!!! Follow me for FREE Educational Post and Alert..
NSE:NIFTYShort
by Prashant019
After the adjustment is completed, the recovery process begins.Market analysis for XAUUSD trading on November 18, 2024: Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week. Today's trading trend: BUY. Key price levels to watch: BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530. SELL zone: 2595 - 2600 and 2615 - 2620. Recommended orders: Plan 1: BUY XAUUSD zone 2556 - 2558 SL 2653 TP 2561 - 2670 - 2580 - 2600. Plan 2: BUY XAUUSD zone 2539 - 2541 SL 2536 TP 2544 - 2550 - 2560 - 2580 - 2600. Plan 3: SELL XAUUSD zone 2595 - 2597 SL 2600 TP 2592 - 2580 - 2570 - 2560.
TVC:GOLD
by ifjugapt
#BANKNIFTY - 18TH NOVEMBER!!NSE:BANKNIFTY 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.
NSE:BANKNIFTY
by thetradeforecast
1
M & M : Head & Shoulder Bearish pattern emergingHead n Shoulder Bearish pattern emerging in M&M. If price breaks down below 2650 then go short with Stoploss of 2900 with tgt of 2100 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:M_MShort
by maneeshaggarwal