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Support and Resistance

Positional or Long term Opportunity in Shipping Corp Of IndiaGo Long @ 205.7 for Targets of 241.1 and 276.5 with SL 188 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Besides, a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.618 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock. 4. In addition to this there is a strong support zone (marked with purple) from which the stock is taking support.
NSE:SCILong
by Nimish_Ghagare
1
Nifty - weekly review feb 24 to feb 28Price is testing the support zone for few days. Still buyers, sellers are weak and price was moving in range. 22800 is important for buyers. Buy above 22820 with the stop loss of 22780 for the targets 22860, 22920, 22980, 23040 and 23120. Sell below 22680 with the stop loss of 22720 for the targets 22640, 22600, 22540, 22500, 22420 and 22380. Price should show strength above 22800 for the price to move up. Bears will gain strength below 22700 zone. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
SBICARD: Monthly Pennant Breakout - How High Can It Fly?NSE:SBICARD The stock has given a pennant pattern breakout on monthly chart with good volume along with second month on consecutive buying This month's closing would be interesting to watch as it'd confirm the follow on move 916.95 / 946 / 1149 will act as strong resistance levels especially 1149 which is around it's ATH level a monthly close above it will fuel the further rally. Since it's ATH in September 2021 stock has been in a downtrend but seems like things are about to change for good SBI Cards & Payment Services is India's second-largest credit card issuer and a subsidiary of SBI. Market Position : SBI Cards is a leader in the credit card industry, holding an 18.5% market share in card-in-force and a 15.7% share in spending. You'll find them actively expanding into Tier-2 and Tier-3 cities to tap into new markets. Plus, partnerships with brands like Apple and Singapore Airlines help them attract premium customers. Recent Financials (Q3 FY25): Revenue: ₹4,767 crore (up 1% YoY). Net Profit: ₹383 crore (down 30% YoY). Net Interest Income (NII): ₹3,790 crore (down 3.5% YoY). Asset Quality: Gross NPA at 3.24%, Net NPA at 1.18%. 9-Month Performance (9MFY25): Revenue: ₹14,300 crore (up ~2% YoY). Net Profit: ₹1,200 crore (down ~25% YoY). Where is SBI Cards Headed? Management is optimistic, projecting annual revenue growth of 10%-15% over the next two years. The plan involves: Tapping into smaller cities to bring in new customers. Boosting the digital experience for seamless customer interactions. Launching exciting co-branded cards aimed at high-value users. And don't forget, potential RBI rate cuts in FY26 could lower borrowing costs and boost the bottom line.
NSE:SBICARDLong
by sandeshprabhu85
Angel One: Finding Support Amid Market Correction Topic Statement: Angel One has declined along with the broad market correction but is receiving strong support at key technical levels, suggesting a potential stabilization. Key points: 1. The price is receiving crucial support at the 50% retracement level, as it had previously. 2. The 2000 level aligns with the 50% retracement level, acting as a strong support zone. 3. The stock is currently trading below the 45-day moving average making the price oversold.
NSE:ANGELONELong
by yogeshwar
Nifty Intraday Analysis for 21st February 2025NSE:NIFTY Index closed near 22915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 99.20 Lakh 23000 Strike – 77.10 Lakh 23200 Strike – 48.98 Lakh Put Writing 23000 Strike – 72.73 Lakh 22500 Strike – 56.08 Lakh 22800 Strike – 43.86 Lakh Index may reach 23150 - 23200 range, if crosses and sustains above 23050 level. Further, Index may reach 23300 - 23350 range, if sustain above 23100 level. 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 21st February 2025NSE:BANKNIFTY Index closed near 49335 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 50000 Strike – 15.27 Lakh 49500 Strike – 13.31 Lakh 50500 Strike – 11.68 Lakh Put Writing 49000 Strike – 15.45 Lakh 48500 Strike – 14.56 Lakh 48000 Strike – 14.16 Lakh Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50400 – 50500 range. Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48400 - 48300 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 21st February 2025NSE:CNXFINANCE Index closed near 23280 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 24000 Strike – 3.41 Lakh 23500 Strike – 2.35 Lakh 23800 Strike – 1.04 Lakh Put Writing 23500 Strike – 1.62 Lakh 23000 Strike – 1.22 Lakh 23300 Strike – 0.91 Lakh Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range. Index has immediate support near 23100 – 23050 range and if this support is broken then index may tank near 22950 – 22900 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 21st February 2025NSE:NIFTY_MID_SELECT Index closed near 11390 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 11500 Strike – 7.17 Lakh 11400 Strike – 5.47 Lakh 11300 Strike – 5.19 Lakh Put Writing 11000 Strike – 16.10 Lakh 11300 Strike – 7.41 Lakh 11500 Strike – 6.27 Lakh Index has immediate resistance near 11500 – 11550 range and if index crosses and sustains above this level then may reach 11650 – 11700 range. Index has immediate support near 11250 – 11200 range and if this support is broken then index may tank near 11050– 11000 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Feb 24, 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 - Feb 24, 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
GBPCHF - LIKELY TO REMAIN RANGE BOUNDSymbol - GBPCHF CMP - 1.1388 The GBPCHF pair has been consolidating within a range for the past 6 months, and it is expected to remain within this range for some time. Currently, the pair is testing the upper resistance zone of this range, which has acted as a cap on price movements. As a result, I expect the price to fall back within the range from here. Trader's focus should be on the price action near the resistance zone. Given that the pair is currently at a critical point, it offers a good opportunity for a short trade as the risk-reward ratio is very favorable. A rejection from this resistance could see the price moving lower, providing an opportunity for traders looking for a pullback within the range. If the price breaks above 1.1400 - 1.1410 and sustains above this level, the market outlook will shift. In that case, we may witness a breakout of the current range, with bullish momentum potentially taking over. Resistance levels: 1.1400, 1.1375 Support level: 1.1270, 1.1215 Given the current resistance and the likelihood of a reversal within the range, the short trade setup offers a solid potential for a good profit. However, any decisive break above 1.1400 will change the market structure, signaling a potential shift to bullish momentum.
Short
by akshit_official
2
POONAWALLA Analysis!On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction. Here's the easy part: Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling). Blue Arrow: This arrow suggests that the price might go up. Price Increase Note: The chart says that the price could increase around 20%. feel free to ask! 😊
NSE:POONAWALLALong
by iVishalPal
Nifty Intraday Analysis for 20th February 2025NSE:NIFTY Index closed near 22935 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 122.29 Lakh 23100 Strike – 100.52 Lakh 23000 Strike – 82.43 Lakh Put Writing 22500 Strike – 81.68 Lakh 22800 Strike – 73.10 Lakh 22900 Strike – 48.87 Lakh Index may reach 23100 - 23150 range, if crosses and sustains above 23000 level. Further, Index may reach 23250 - 23300 range, iIf sustain above 23300 level. 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 20th February 2025NSE:BANKNIFTY Index closed near 49570 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 50000 Strike – 12.37 Lakh 50500 Strike – 11.69 Lakh 49500 Strike – 10.46 Lakh Put Writing 49000 Strike – 15.95 Lakh 48500 Strike – 10.23 Lakh 49500 Strike – 9.12 Lakh Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50400 – 50500 range. Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 48700 - 48500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 20th February 2025NSE:CNXFINANCE Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 24000 Strike – 3.92 Lakh 23500 Strike – 2.12 Lakh 23900 Strike – 1.15 Lakh Put Writing 23500 Strike – 1.62 Lakh 23000 Strike – 1.16 Lakh 23100 Strike – 0.67 Lakh Index has resistance near 23550 - 23600 range and if index crosses and sustains above this level then may reach near 23725 - 23775 range. Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23050 – 23000 range.
NSE:CNXFINANCE
by RKMAURYA