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Supportandresitance

Kotak Bank Swing Trade SetupKotak Bank is currently approaching a crucial support zone on the daily timeframe chart. This presents a potentially good opportunity for a swing trade. Entry: For entry, it is recommended to go long on the open of the next candle. Stoploss: To minimize risk, a stop loss should be placed below the support zone, with some buffer to avoid stop loss hunting. Target: As for the target, it is advised to aim for the next resistance level as indicated on the chart. Thank you for considering this analysis, and feel free to follow for more insights.
NSE:KOTAKBANKLong
by vt_trader
3
Gold fades upside momentum within rising wedgeGold price eyes the first weekly loss in three as it retreats inside a 15-week-old rising wedge. However, the 21-day EMA adds strength to the $2,008 support, a break of which will confirm the bearish chart pattern suggesting a theoretical fall toward $1,750. That said, the $2,000 psychological magnet will precede the multiple lows marked near $1,970 and February’s peak of around $1,960 to act as an intermediate halt ahead of the aforementioned theoretical target of the wedge. It should be noted that the year-to-date bottom of around $1,810 may offer an extra filter towards the south. On the contrary, Gold price recovery may initially aim for $2,050 ahead of challenging the stated wedge’s top line surrounding $2,075. In a case where the XAUUSD bulls defy the bearish chart formation by crossing the $2,075 hurdle, the recently flashed all-time high of around $2,080 and the $2,100 will be in the spotlight. Overall, the Gold buyers appear to run out of steam and the rising wedge teases the bears. However, the downside appears challenging and has multiple speed-breakers, including the mixed signals flashed by the RSI (14) line and MACD signals.
OANDA:XAUUSD
by MTradingGlobal
WIPRO End of Fall ??!!Chart patterns insist me to go with above titled opinion REASONS 1. In Monthly timeframe , WIPRO has been trading inside Ascending channel taking support and resistance (shown below) 2. Middle yellow trendline- Resistance turned Support looks favourable for the bounce. 3. Entry(safe) can be made after a good voluminous Breakout out of the white slanting trendline. 4. SL can the low of the Breakout candle. As the stock has fell more than 50% , we can even wait for WEEKLY BREAKOUT and then enter upon retracement. Will update as it moves!!! Let's wait & watch , how it moves!!!! NOTE- Just sharing my view...not a tip nor advice!!!
NSE:WIPRO
by mmjimm
2
BANKNIFTY LEVELS 03/05/2023 BANKNIFTY ANALYSIS WITH LOGIC: 1. Considering today levels if there's flat opening or gap down price will move downward direction should break with strong candle below 43295 level then only, we will short up to 43065 level. 2. Consolidation may occur in between 43295 - 43450 level. 3. If there's gap up price may act more volatile and may break 43450 level with bullish candle during second half from that point, we can take long position up to 43600 level. 4. My act more vigorously after crossing 43600 level maintain strict stoploss while placing trades. Have a safe and profitable day :)
NSE:BANKNIFTY
by ramsaisujan
lets understand support and resistance in detail support and resistance they play a truly crucial role in trading If you want to trade like a pro, there's something you should know: Support and resistance, they're the stars of the show! this can be understood from the below:- Support is like a floor, it holds prices up high, Resistance is a ceiling, prices can't seem to fly. When prices hit support, they tend to bounce back, And when they reach resistance, they often lose track. These levels are key, they're a trader's best friend, They help you to enter, exit, and defend. So pay attention to support and resistance, my friend, They'll help you make profits and trade till the end! volume confirmation along with breakouts are beautiful
NSE:ANURASEducation
by pratik2358
Kotak Mahindra BankThis video is only for education purpose. It shows that how any swing trader can make a position in combination of support and resistance level and regression channel. We have analyze Kotak Mahindra Bank on daily chart. Bank is showing one way fall from INR 2000 to 1650. It is clearly shown with sliding regression channel. After touching 1650, stock goes up to 1693. One can make long position if and only if stock breaks upper limit of regression channel on daily closing basis. Note : - Please take your position after consulting SEBI registered investor advisor or analyst.
NSE:KOTAKBANK
by UnknownUnicorn39322609