RELIANCE INDUSTRIES LIMITEDReliance Industries Ltd view for Intraday 29th May #RELIANCE
Resistance 1430 Watching above 1432 for upside momentum.
Support area 1400 Below 1410 ignoring upside momentum for intraday
Watching below 1397 for downside movement...
Above 1410 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks....
Technical
CRUDE OIL FUTURESAs of May 30, 2025, here are the latest 15-minute support and resistance levels for Crude Oil Futures:
🛢️ WTI Crude Oil Futures (NYMEX: CL1!)
Current Price: ~$60.62 per barrel
Support Levels:
S1: $59.97
S2: $59.00
S3: $57.45
Resistance Levels:
R1: $62.49
R2: $64.04
R3: $65.01
🇮🇳 MCX Crude Oil Futures (INR)
Current Price: ~₹5,191 per barrel
Support Levels:
S1: ₹5,153.33
S2: ₹5,092.67
S3: ₹5,031.33
Resistance Levels:
R1: ₹5,231.67
R2: ₹5,292.33
R3: ₹5,353.67
📊 Technical Outlook
Trend: Neutral to slightly bearish
Indicators: The 15-minute chart shows a potential for a bullish reversal, but confirmation is needed.
Strategy: Traders may consider watching for a breakout above resistance levels for potential long positions, or a breakdown below support levels for short positions.
TRIVENI TURBINE LTDAs of May 30, 2025, Triveni Turbine Ltd. (NSE: TRITURBINE) is trading at approximately ₹595.40 . Based on the latest technical data, here are the intraday support and resistance levels:
🔹 Intraday Support & Resistance Levels
Standard Pivot Points:
Support Levels:
S1: ₹597.12
S2: ₹584.98
S3: ₹577.87
Resistance Levels:
R1: ₹616.37
R2: ₹623.48
Fibonacci Pivot Points:
Support Levels:
S1: ₹597.12
S2: ₹589.76
S3: ₹585.22
Resistance Levels:
R1: ₹604.47
R2: ₹609.01
R3: ₹616.37
Camarilla Pivot Points:
Support Levels:
S1: ₹590.34
S2: ₹588.57
S3: ₹586.81
Resistance Levels:
R1: ₹593.86
R2: ₹595.63
R3: ₹597.39
Note: These levels are derived from pivot point calculations and can vary based on market conditions.
🔹 Technical Indicators
Relative Strength Index (RSI): The RSI is currently between 45 and 55, indicating a neutral condition.
Stochastic Oscillator: The Stochastic Oscillator is in the bullish range, suggesting potential upward momentum.
🔹 Recent Price Action
Triveni Turbine's stock has experienced significant volatility recently. After reaching a high of ₹885.00 on November 26, 2024, the stock declined to a low of ₹460.30 on March 3, 2025. Since then, it has rebounded, trading around ₹595.40 as of May 30, 2025.
Divergence SecretsDivergence trading identifies potential trend reversals or continuations by comparing price action with technical indicators. When an asset's price moves in one direction, but a related indicator moves in the opposite direction, it suggests a possible shift in momentum. Traders can use this information to spot potential entry points for trades.
Support and Resistance part 2ASupport is a price point below the current market price that indicate buying interest. Resistance is a price point above the current market price that indicate selling interest. S&R can be used to identify targets for the trade. For a long trade, look for the immediate resistance level as the target.
Advanced Trading part 2The first step should be to approach trading as a business: draft a business plan, create a budget, determine the necessary tools, and determine the markets and strategies you'll trade. Organize and keep on file all important documents: trading plans, brokerage statements, trading journals, and other resources.
Advanced Trading part 1Advanced trading encompasses sophisticated strategies, tools, and techniques used by experienced traders to navigate complex market dynamics and potentially maximize profits. It involves utilizing a range of analytical tools, including technical indicators, chart patterns, and quantitative analysis, as well as employing instruments like options and futures.
Technical Trading Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
Database Trading **Database trading**, often referred to as **algorithmic trading** or **quantitative trading**, involves using large sets of structured data to make trading decisions and execute trades automatically. It relies heavily on databases to store, process, and analyze market data (historical prices, volumes, order books, etc.) and other relevant information (like economic indicators, news, etc.). The goal is to identify patterns, trends, or anomalies that can be leveraged for profitable trading strategies.
NIFTY BANK INDEX📊 1-Hour Support & Resistance Levels (Classic Pivot Points)
Based on the latest technical analysis, the key support and resistance levels for the Nifty Bank Index on a 1-hour timeframe are:
Support Levels:
S1: ₹55,261.10
S2: ₹55,105.20
S3: ₹54,974.85
Resistance Levels:
R1: ₹55,547.35
R2: ₹55,677.70
R3: ₹55,833.60
These levels are derived from the price range of the previous trading day.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): Currently, the RSI is hovering around 60, indicating a neutral to slightly bullish momentum.
Moving Averages: The index is trading above its 5-day and 10-day simple moving averages, suggesting a short-term bullish trend.
MACD (12,26): The MACD line is above the signal line, indicating positive momentum.
📈 Market Sentiment
The technical indicators collectively suggest a cautiously bullish sentiment for the Nifty Bank Index. However, the RSI indicates that the index is approaching overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
NIFTY 50 INDEXAs of May 29, 2025, the Nifty 50 Index is trading at 24,752.45, reflecting a 0.00% change from the previous close.
📊 15-Minute Support & Resistance Levels (Classic Pivot Points)
Based on the latest technical analysis, the key support and resistance levels for the Nifty 50 Index on a 15-minute timeframe are:
Support Levels:
S1: 24,784.57
S2: 24,704.93
S3: 24,657.47
Resistance Levels:
R1: 24,911.67
R2: 24,959.13
R3: 25,038.77
These levels are derived from the price range of the previous trading day.
🔍 Market Sentiment
The technical indicators suggest that the Nifty 50 Index is currently in a consolidation phase. Traders should monitor the support and resistance levels closely for potential breakout or pullback scenarios. A sustained move above the resistance levels may indicate bullish momentum, while a drop below the support levels could signal bearish sentiment.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
SIGACHI INDUSTRIES LTDAs of May 29, 2025, Sigachi Industries Ltd. (NSE: SIGACHI) is trading at ₹50.35, reflecting a 6.95% increase over the previous close.
📊 Daily Support & Resistance Levels
Based on the latest technical analysis, the key support and resistance levels for Sigachi Industries Ltd. are as follows:
Support Levels:
S1: ₹49.60
S2: ₹48.11
S3: ₹45.88
Resistance Levels:
R1: ₹53.32
R2: ₹55.55
R3: ₹58.00
These levels are derived from pivot point calculations based on the previous trading day's price range.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): The RSI is currently at 87, indicating that the stock is in overbought territory. This suggests that the stock may be due for a short-term correction.
Moving Averages: Sigachi Industries is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple and exponential moving averages, indicating a strong bullish trend.
MACD (12,26): The MACD is currently at 2.15, suggesting bullish momentum.
📈 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for Sigachi Industries Ltd. However, the RSI indicates that the stock is in overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
RAIL VIKAS NIGAM LTDAs of May 29, 2025, Rail Vikas Nigam Ltd. (NSE: RVNL) is trading at approximately ₹416.15, reflecting a 0.85% increase over the previous close.
📊 30-Minute Support & Resistance Levels
Based on recent technical analysis and pivot point calculations, the following support and resistance levels are identified for RVNL:
Support Levels:
S1: ₹411.93
S2: ₹407.72
S3: ₹401.43
Resistance Levels:
R1: ₹422.43
R2: ₹428.72
R3: ₹432.93
These levels are derived from the price range of the previous trading day.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): The RSI is currently hovering around 70, indicating that the stock is approaching overbought territory.
Moving Averages: RVNL is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple and exponential moving averages, indicating a strong bullish trend.
📈 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for Rail Vikas Nigam Ltd. However, the RSI indicates that the stock is approaching overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
GLAXO SMITHKLINE PHARMA LTDAs of May 29, 2025, GlaxoSmithKline Pharmaceuticals Ltd. (NSE: GLAXO) is trading at ₹3,348.20, reflecting a 7.38% increase over the previous close.
📊 Daily Support & Resistance Levels
Based on the latest technical analysis, the key support and resistance levels are:
Support Levels:
S1: ₹3,174.33
S2: ₹2,998.67
S3: ₹2,887.83
Resistance Levels:
R1: ₹3,460.83
R2: ₹3,571.67
R3: ₹3,747.33
These levels are derived from the price range of the previous trading day.
🔍 Technical Indicators Overview
Relative Strength Index (RSI): The RSI is currently hovering around 70, indicating that the stock is approaching overbought territory.
Moving Averages: GLAXO is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple and exponential moving averages, indicating a strong bullish trend.
📈 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for GlaxoSmithKline Pharmaceuticals Ltd. However, the RSI indicates that the stock is approaching overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
ITC LTD#ITC
STOCK NAME: ITC LTD (NSE)
CHART ANALYSIS: Symmetrical triangle within an uptrend channel.
Approaching apex, breakout or breakdown will give major move. Trading near critical support.
TREND: Consolidation inside Medium-term Uptrend
SUPPORT: 413/*398
RESISTANCE: *428/440/455
TRADE SETUP:
BUY above 428 | SL 416 | Targets 440 / €455
X SELL below *413 | SL 423 | Targets ₹400 / €388
I AM NOT SEBI REGISTERED. THIS IS ONLY FOR EDUCATIONAL PURPOSE.
SCHNEIDER ELECTRIC INFRAAs of May 29, 2025, Schneider Electric Infrastructure Ltd. (NSE: SCHNEIDER) is trading at ₹778.70, reflecting an 11.57% increase over the past 24 hours .
📊 Daily Support & Resistance Levels
Based on the latest technical analysis, the key support and resistance levels are:
Support Levels:
S1: ₹719.30
S2: ₹659.90
S3: ₹623.85
Resistance Levels:
R1: ₹814.75
R2: ₹850.80
R3: ₹910.20
These levels are derived from the price range of the previous trading day .
🔍 Technical Indicators Overview
Relative Strength Index (RSI): 79.38 – Indicates overbought conditions.
MACD (12,26): 27.62 – Suggests bullish momentum.
ADX: 28.53 – Points to a strong trend.
Stochastic Oscillator: 90.63 – Suggests overbought territory.
Rate of Change (ROC): 25.57 – Indicates strong upward momentum.
Supertrend: 634.53 – Below current price, indicating bullish trend.
Parabolic SAR (PSAR): 646.47 – Below current price, supporting bullish sentiment.
These indicators collectively suggest a strong bullish trend for Schneider Electric Infrastructure Ltd. .
📈 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for Schneider Electric Infrastructure Ltd. However, the RSI and Stochastic Oscillator indicate that the stock is in overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
KIRL OSKAR INDUSTRIES LTDAs of May 28, 2025, Kirloskar Industries Ltd. (NSE: KIRLOSIND) is trading at ₹3,739.20, marking a 6.03% increase from the previous close .
📊 Daily Support & Resistance Levels (Classic Pivot Points)
Based on the latest technical analysis, the key support and resistance levels are:
Support Levels:
S1: ₹3,666.70
S2: ₹3,630.20
S3: ₹3,607.00
Resistance Levels:
R1: ₹3,726.40
R2: ₹3,749.60
R3: ₹3,786.10
These levels are derived from the price range of the previous trading day .
📈 Technical Indicators Overview
Relative Strength Index (RSI): 77.5 – Indicates overbought conditions.
MACD (12,26): 47.84 – Suggests bullish momentum.
Commodity Channel Index (CCI): 165.79 – Points to strong upward movement.
Moving Averages: The stock is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day simple and exponential moving averages, indicating a strong bullish trend .
🔍 Market Sentiment
The technical indicators collectively suggest a strong bullish sentiment for Kirloskar Industries Ltd. However, the RSI indicates that the stock is in overbought territory, which may lead to a short-term correction. Investors should monitor the support and resistance levels closely for potential breakout or pullback scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
MANGLORE REFINERY & PETROCHEMICALS LIMITEDAs of May 29, 2025, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is trading at ₹148.83, reflecting a 5.82% increase over the past 24 hours .
📊 Daily Support & Resistance Levels
Based on technical indicators and pivot point analysis, here are the key support and resistance levels for MRPL:
Support Levels:
₹135.08 – Identified as a significant support level across multiple analyses .
₹138.76 – Another support level noted in recent technical assessments .
₹142.37 – Derived from Fibonacci retracement levels .
Resistance Levels:
₹153.75 – Recognized as a primary resistance point .
₹158.68 – A higher resistance level based on pivot point calculations .
₹165.55 – An upper resistance level identified through standard pivot analysis .
🔍 Technical Indicators Overview
Relative Strength Index (RSI): The RSI is currently hovering around 50, indicating a neutral momentum. Values between 45 and 55 suggest a lack of strong bullish or bearish trends .
Moving Averages: MRPL is trading above its 200-day Exponential Moving Average (EMA), which is generally considered a bullish sign, suggesting potential upward momentum .
📈 Market Sentiment
The recent price movement and technical indicators suggest that MRPL is experiencing a neutral to mildly bullish trend. Traders should monitor the support and resistance levels closely for potential breakout or breakdown scenarios.
Please note that stock market investments are subject to market risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Divergence SecretsDivergence trading identifies potential trend reversals or continuations by comparing price action with a technical indicator. When a price makes a new high or low, but an indicator doesn't confirm it, a divergence emerges, suggesting a possible shift in momentum. Traders use this information to make more informed decisions about entering or exiting trades.
Institutional Trading part 4Institutional trading refers to the buying and selling of securities on behalf of large organizations or institutions like mutual funds, pension funds, and insurance companies. These institutions manage money for a group of people, often trading in large volumes that can significantly impact the market.
Price Action Trading Price action trading is a strategy where traders make decisions based on the price movements of an asset, rather than relying on technical indicators or other external factors. It involves analyzing historical price patterns and movements to identify potential trading opportunities and predict future price direction.






















