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Technical

RSI Divergence RSI divergence in trading occurs when the price of an asset and its Relative Strength Index (RSI) indicator move in opposite directions. This divergence suggests a weakening of the current trend and a potential reversal. For example, if the price makes a new high, but the RSI makes a lower high, it could indicate bearish divergence and a potential price drop. Conversely, if the price makes a new low, but the RSI makes a higher low, it could indicate bullish divergence and a potential price increase.
NSE:NIFTYEducation
by SkyTradingZone
Reliance Industries Futures // 1 day Support and Resistance​As of April 30, 2025, the Reliance Industries Futures (NSE: RELIANCE) closed at ₹1,235.80, up 0.16% from the previous close of ₹1,233.80. The futures market indicates a slight bullish sentiment, with open interest increasing by 4.82%, suggesting that traders are holding onto long positions.​ 📈 Daily Support and Resistance Levels Based on recent analyses, here are the key support and resistance levels for Reliance Industries Futures on a daily timeframe:​ Resistance Levels: R1: ₹1,246.44 R2: ₹1,253.43 R3: ₹1,267.37​ Support Levels: S1: ₹1,191.37 S2: ₹1,177.43 S3: ₹1,153.37​ These levels are derived from classic pivot point calculations and can act as potential entry, target, and stop-loss levels for intraday traders. 📊 Technical Indicators Futures Price: ₹1,243.90 Pivot Point: ₹1,246.98 Support Levels: S1: ₹1,233.12 S2: ₹1,222.33 S3: ₹1,208.47 Resistance Levels: R1: ₹1,257.77 R2: ₹1,271.63 R3: ₹1,282.42​ These levels are calculated based on the futures price and can provide insights into potential price movements. ​ 🧭 Trading Strategy Bullish Scenario: If Reliance Industries Futures breaks above ₹1,246.44, it could signal a continuation of the upward trend, with potential targets at ₹1,253.43 and ₹1,267.37.​ Bearish Scenario: A decline below ₹1,191.37 may indicate a bearish trend, with support levels at ₹1,177.43 and ₹1,153.37.​ Traders should monitor these levels closely and adjust their strategies accordingly.​ Please note that these levels are subject to change based on market dynamics and should be used in conjunction with other technical analysis tools for informed decision-making.
NSE:RELIANCE1!Long
by Ashwani123
1
Nifty 50 //2hour Support and Resistance​As of April 30, 2025, at 9:45 AM IST, the Nifty 50 index is trading at approximately ₹24,100. Based on recent analyses and technical indicators, here are the key support and resistance levels for the Nifty 50 on a 2-hour timeframe:​ 📈 Key Support Levels S1: ₹23,800 – A significant support level where buying interest may emerge. S2: ₹23,500 – A crucial support zone; breaching this could indicate further downside potential. S3: ₹23,200 – A critical support level; if broken, it may lead to a more substantial decline. ​ 📊 Key Resistance Levels R1: ₹24,460 – Immediate resistance; a breakout above this level could signal bullish momentum. R2: ₹24,550 – A strong resistance zone; surpassing this could lead to further gains. R3: ₹24,800 – A significant resistance level; if breached, it may indicate a continuation of the uptrend. ​ 📌 Technical Indicators Relative Strength Index (RSI): Currently at 41.51, indicating neutral momentum. Moving Averages: The index is trading above its 200-day Simple Moving Average (SMA) of ₹23,780.57, suggesting a long-term bullish trend. ​ 🧭 Trading Strategy Given the current levels:​ Bullish Scenario: A breakout above ₹24,460 could lead to a rally towards ₹24,800. Bearish Scenario: A decline below ₹23,500 may indicate a move towards ₹23,200.​ Traders should monitor these levels closely and adjust their strategies accordingly.​ Please note that these levels are subject to change based on market dynamics. It's advisable to use them in conjunction with other technical analysis tools and indicators.
NSE:NIFTY
by Ashwani123
Nifty Financial Services Index//15min Support and Resistance​As of April 30, 2025, the Nifty Financial Services Index (FINNIFTY) is exhibiting a bullish trend, with the current price at ₹23,512.80. Technical indicators such as moving averages and pivot points suggest potential support and resistance levels for short-term trading.​ 📊 Key Support and Resistance Levels Based on recent analyses, here are the critical levels to monitor:​ Resistance Levels: R1: ₹23,571.52 R2: ₹23,630.23 R3: ₹23,695.77​ Support Levels: S1: ₹23,447.27 S2: ₹23,381.73 S3: ₹23,323.02​ These levels are derived from pivot point calculations and are useful for intraday trading strategies. ​ 📈 Technical Indicators Moving Averages: The index is trading above its 5-day, 10-day, and 20-day simple and exponential moving averages, indicating a bullish short-term trend. ​ Pivot Points: The classic pivot point is at ₹24,264.15, with R1 at ₹24,397.3 and S1 at ₹24,175.85. ​ 🧭 Trading Strategy Given the current bullish momentum, traders might consider buying near support levels and targeting resistance levels for potential profits. However, it's essential to monitor market conditions closely, as breakouts above resistance levels could lead to further upward movement, while failures to hold support may indicate a reversal.​ Please note that these levels are subject to change based on market dynamics and should be used in conjunction with other technical analysis tools for informed decision-making.
NSE:CNXFINANCEShort
by Ashwani123
Engineers India Ltd (EIL)​As of April 30, 2025, Engineers India Ltd (EIL) is trading at ₹178.41 on the NSE. Based on the latest technical analysis, here are the key intraday support and resistance levels for EIL:​ 📊 Intraday Support and Resistance Levels Pivot Point: ₹180.13 First Support: ₹177.46 Second Support: ₹174.04 Third Support: ₹171.37 First Resistance: ₹183.55 Second Resistance: ₹186.22 Third Resistance: ₹189.64​ 📈 Technical Indicators Relative Strength Index (RSI): 37.21 (indicating a potentially oversold condition) Money Flow Index (MFI): 28.35 (suggesting weak buying pressure) MACD: -9.01 (indicating a bearish trend)​ These levels and indicators suggest that EIL is currently in a bearish phase, with the stock trading below its pivot point and facing resistance at higher levels. Traders may consider monitoring the stock for potential reversal patterns or further breakdowns.​ Please note that stock prices and technical levels are subject to change, and it's advisable to consult with a financial advisor or conduct further research before making investment decisions.
NSE:ENGINERSIN
by Ashwani123
BEL // 2hr Support and Resistance​As of April 29, 2025, here are the key 2-hour support and resistance levels for Bharat Electronics Ltd (NSE: BEL) based on recent technical analyses:​ 📈 2-Hour Support and Resistance Levels Type Level (₹) Resistance 1 (R1) ₹292.55 Resistance 2 (R2) ₹294.85 Resistance 3 (R3) ₹296.35 Support 1 (S1) ₹286.35 Support 2 (S2) ₹284.05 Support 3 (S3) ₹282.10 These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock. ​ 📊 Additional Technical Indicators Relative Strength Index (RSI): Approximately 55.26, indicating a neutral to slightly bullish momentum.​ Money Flow Index (MFI): Approximately 50.44, suggesting balanced buying and selling pressure.​ Moving Average Convergence Divergence (MACD): Approximately -0.92, indicating a bearish trend.​ Average True Range (ATR): Approximately 8.7, indicating moderate volatility.​ 📌 Key Observations Resistance Levels: If BEL breaks above ₹292.55, it may face resistance at ₹294.85 and ₹296.35.​ Support Levels: A decline below ₹286.35 could lead to further support at ₹284.05 and ₹282.10.​ Trend Analysis: The stock is currently trading within a range, with key levels at ₹292.55 on the upside and ₹286.35 on the downside. A breakout above or below these levels could indicate the next directional move.​ Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:BELLong
by Ashwani123
1
Canara Bank​As of April 29, 2025, here are the key 1-hour support and resistance levels for Canara Bank (NSE: CANBK) based on recent technical analyses:​ 📈 1-Hour Support and Resistance Levels Type Level (₹) Resistance 1 (R1) ₹108.05 Resistance 2 (R2) ₹109.51 Support 1 (S1) ₹104.56 Support 2 (S2) ₹102.53 These levels are derived from recent intraday price action and can serve as potential reversal or breakout zones for the stock. ​ 📊 Additional Technical Indicators Relative Strength Index (RSI): Approximately 60, indicating a neutral to slightly bullish momentum.​ Moving Average Convergence Divergence (MACD): Currently in a bearish crossover, suggesting potential downward pressure.​ Bollinger Bands: The stock is trading near the upper band, indicating high volatility and potential overbought conditions.​ 📌 Key Observations Resistance Levels: If Canara Bank breaks above ₹108.05, it may face resistance at ₹109.51.​ Support Levels: A decline below ₹104.56 could lead to further support at ₹102.53.​ Trend Analysis: The stock is currently testing the upper resistance zone. A breakout above ₹108.05 could signal a continuation of the upward trend. Conversely, a drop below ₹104.56 may indicate a bearish reversal.​ Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:CANBK
by Ashwani123
Reliance Industries //1 day Support and Resistance​As of April 29, 2025, here are the key daily support and resistance levels for Reliance Industries Ltd (NSE: RELIANCE) based on recent technical analyses:​ 📈 Daily Support and Resistance Levels Level Type Value (₹) Support 1 (S1) ₹1,191.37 Support 2 (S2) ₹1,177.43 Support 3 (S3) ₹1,153.37 Resistance 1 (R1) ₹1,229.37 Resistance 2 (R2) ₹1,253.43 Resistance 3 (R3) ₹1,267.37 These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock. ​ 📊 Additional Technical Indicators Relative Strength Index (RSI): Approximately 48.94, indicating a neutral to slightly bearish momentum. ​ Moving Averages: 5-Day Simple Moving Average (SMA): ₹1,210.41 50-Day Simple Moving Average (SMA): ₹1,213.72 200-Day Simple Moving Average (SMA): ₹1,216.23​ The stock is trading near its short-term moving averages, suggesting a consolidation phase. ​ 📌 Key Observations Resistance Levels: If Reliance Industries breaks above ₹1,229.37, it may face resistance at ₹1,253.43 and ₹1,267.37.​ Support Levels: A decline below ₹1,191.37 could lead to further support at ₹1,177.43 and ₹1,153.37.​ Trend Analysis: The stock is currently trading within a range, with key levels at ₹1,229.37 on the upside and ₹1,191.37 on the downside. A breakout above or below these levels could indicate the next directional move.​ Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:RELIANCELong
by Ashwani123
Bank Nifty IndexAs of April 29, 2025, here are the key support and resistance levels for the Bank Nifty Index based on recent technical analyses: 📈 Bank Nifty Support and Resistance Levels: Type Level (₹) Resistance 1 (R1) 46,000 Resistance 2 (R2) 46,375 Resistance 3 (R3) 47,200 Support 1 (S1) 45,236 Support 2 (S2) 44,936 Support 3 (S3) 44,100 These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the index. ​ 📊 Additional Technical Indicators Relative Strength Index (RSI): Approximately 52, indicating a neutral to slightly bullish momentum. ​ Moving Averages: 5-Day Average: ₹53,435.41 50-Day Average: ₹51,815.64 200-Day Average: ₹50,455.01​ The stock is trading above its 5-day and 50-day simple moving averages (SMAs), suggesting a short-term bullish trend. ​ 📌 Key Observations Resistance Levels: If Bank Nifty breaks above ₹46,000, it may face resistance at ₹46,375 and ₹47,200.​ Support Levels: A decline below ₹45,236 could lead to further support at ₹44,936 and ₹44,100.​ Trend Analysis: The index is currently testing the upper resistance zone. A breakout above ₹46,000 could signal a continuation of the upward trend. Conversely, a drop below ₹45,236 may indicate a bearish reversal.​ Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:BANKNIFTY
by Ashwani123
WIPRO LTD 4hour // Support and Resistance​As of April 29, 2025, here are the key 4-hour support and resistance levels for Wipro Ltd (NSE: WIPRO) based on recent technical analyses:​ 📈 4-Hour Support and Resistance Levels Type Level Value (₹) Resistance 1 (R1) 444.50 - 454.50 ₹444.50–₹454.50 Resistance 2 (R2) 458.00 - 468.00 ₹458.00–₹468.00 Resistance 3 (R3) 472.50 - 482.50 ₹472.50–₹482.50 Support 1 (S1) 430.50 - 440.50 ₹430.50–₹440.50 Support 2 (S2) 422.00 - 432.00 ₹422.00–₹432.00 Support 3 (S3) 410.00 - 420.00 ₹410.00–₹420.00 These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock. ​ 📊 Additional Technical Indicators Relative Strength Index (RSI): Approximately 60, indicating a neutral to slightly bullish momentum. ​ Moving Average Convergence Divergence (MACD): Currently in a bearish crossover, suggesting potential downward pressure. ​ Bollinger Bands: The stock is trading above the upper band, indicating high volatility and potential overbought conditions. ​ 📌 Key Observations Resistance Levels: If Wipro breaks above ₹444.50, it may face resistance at ₹458.00 and ₹472.50.​ Support Levels: A decline below ₹430.50 could lead to further support at ₹422.00 and ₹410.00.​ Trend Analysis: The stock is currently testing the upper resistance zone. A breakout above ₹444.50 could signal a continuation of the upward trend. Conversely, a drop below ₹430.50 may indicate a bearish reversal.​ Please note that these levels are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:WIPRO
by Ashwani123
Adani Green Energy Ltd As of April 29, 2025, here are the key weekly support and resistance levels for **Adani Green Energy Ltd based on recent technical analyses: 📈 Weekly Support and Resistance Levels | Type | Level | Value (₹) | |------------|--------|-----------| | Resistance 1 (R1) | 991.77 | ₹991.77 | | Resistance 2 (R2)| 1,040.48 | ₹1,040.48 | | Resistance 3 (R3) | 1,066.17 | ₹1,066.17 | | Support 1 (S1) | 917.37 | ₹917.37 | | Support 2 (S2) | 891.68 | ₹891.68 | | Support 3 (S3) | 842.97 | ₹842.97 | These levels are derived from recent technical analyses and can serve as potential reversal or breakout zones for the stock. 📊 Additional Technical Indicators Relative Strength Index (RSI): The RSI is 42.48, indicating that the stock is in the neutral territory, suggesting neither overbought nor oversold conditions. - Moving Averages: - 5-Day EMA: ₹825.40 - 50-Day EMA: ₹973.00 - 200-Day EMA: ₹1,335.50 - Current Price: ₹919.15 The stock is trading below its 50-day and 200-day exponential moving averages (EMAs), suggesting a short-term bearish trend. ⚠️ Important Notes - Market Conditions: The stock has experienced significant volatility, with a 52-week high of ₹1,753.17 and a low of ₹455.37. The recent price decline of 19.92% over the past month indicates increased market uncertainty. ) - **Trading Restrictions**: Please be aware of any trading restrictions or circuit limits that may apply to the stock. Please note that these levels and indicators are based on historical data and technical analysis, and actual market conditions may vary. It's advisable to conduct further research or consult with a financial advisor before making investment decisions.
NSE:ADANIGREENLong
by Ashwani123