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A BREAKOUT & RETESTED STOCK - NTPC NSE:NTPC
❇️A good low risk setup in daily time frame above 432 makes a perfect entry.
❇️SL below recent swing low. 420
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 445-450-460+ in up coming days.
❇️ Volume looks good.
❇️Every entry must have a stoploss partnered with it.
Disclaimer: not SEBI Registere and not responsible for your profits and your losses thank you 🌻
👉🏻 @thetradeforecast 🇮🇳
A breakout stock - #Precision Wires NSE:PRECWIRE
❇️A good low risk setup in daily time frame above 212 makes a perfect entry.
❇️SL 204 near breakout area.
❇️A very good weekly break out at weekly time frame.
❇️Expecting stock price to reach 220-230-245 in up coming days.
❇️ Volume looks decent..
❇️Every entry must have a stoploss partnered with it.
Disclaimer:- not SEBI Registere. I not responsible of your profits and your losses. Thank you 🌻
👉🏻 @thetradeforecast 🇮🇳
JSW Infrastructure Ltd Support & Resistance #JSWINFRA 👑👑
Trendline breakout candidate.
Looks good if holds well above 355
For JSW Infrastructure Ltd. (JSWINFRA), here are the current support and resistance levels based on recent technical analysis:
Support Levels:
S1: 320.43
S2: 316.27
S3: 312.33
Resistance Levels:
R1: 328.53
R2: 332.47
R3: 336.631
#NIFTY50 INTRADAY TRADING LEVELS FOR TOMORROW
NIFTY INTRADAY TRADING LEVELS FOR TOMORROW
DATE-25.09.24
TIME-FRAME-05min
BUY ABOVE-25993 target will be 26065, 26133 & 26199
SELL BELOW-25917 target will be 25847, 25781 & 25713
#NIFTY50
The benchmark equity indices ended Tuesday's trading session in the mixed territory. The NSE Nifty 50 end higher by just 1.35 points or 0.01% to settle at 25,940.40, while the BSE Sensex fell 14.57 points or 0.02% to 84,914.04. The broader indices ended in mixed territory, with gain led by Large-cap and Mid-cap stocks. Bank Nifty index ended lower by 137.20 points or 0.25% to settle at 53,968.60. Metal and Energy stocks outperformed among the other sectoral indices while PSU Bank and FMCG stocks shed.
XAUUSD Support & Resistance Gold (XAUUSD) is currently trading at a key level of support and resistance.
In terms of Indian Rupees (INR), the support and resistance levels for Gold (XAUUSD) can be translated as follows:
- Support level: Around ₹130,000 per 10 grams
- Resistance level: Around ₹134,000 per 10 grams
These levels are crucial for traders to monitor as they can indicate potential reversals or breakouts in the price of gold. If the price drops below the support level, it may further decline towards the next support level around ₹128,000. Conversely, if the price breaks above the resistance level, it could potentially rally towards ₹136,000.
Please keep in mind that these levels are approximate and subject to market fluctuations. It's recommended to use additional analysis and indicators to make well-informed trading decisions.
Wipro Support and Resistance LevelsWipro Support and Resistance Levels
The support and resistance levels for Wipro (WIPRO) are crucial in determining the stock's price movement. These levels are calculated based on various technical indicators and are used by traders and investors to make informed decisions.
Support Levels
The support levels for WIPRO are:
531 - 527 - 523 5
542.88
521.12
These levels indicate areas where buying interest may emerge to prevent further price decline.
Resistance Levels
The resistance levels for WIPRO are:
540 - 544 - 548
544.8
538.15
These levels indicate areas where selling interest may emerge to prevent further price increase.
TRENT// Levels // 1h"Welcome to SkyTradingZone "
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For Trent Limited (TRENT) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹1,230
Second Support (S2): Around ₹1,220
Resistance Levels:
First Resistance (R1): Around ₹1,250
Second Resistance (R2): Around ₹1,260
MCX // Levels // 1h"Welcome to SkyTradingZone "
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For Multi Commodity Exchange (MCX) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹6,100
Second Support (S2): Around ₹6,050
Resistance Levels:
First Resistance (R1): Around ₹6,200
Second Resistance (R2): Around ₹6,250
GODREJPROP // Levels // 1hFor Godrej Properties (GODREJPROP) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹1,450
Second Support (S2): Around ₹1,440
Resistance Levels:
First Resistance (R1): Around ₹1,470
Second Resistance (R2): Around ₹1,480
CANBK // Levels // 1h"Welcome to SkyTradingZone "
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For Canara Bank (CANBK) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹310
Second Support (S2): Around ₹305
Resistance Levels:
First Resistance (R1): Around ₹320
Second Resistance (R2): Around ₹325
These levels are based on recent price action and technical indicators
ZOMATO // Levels // 1h"Welcome to SkyTradingZone "
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For Zomato on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹268
Second Support (S2): Around ₹265
Resistance Levels:
First Resistance (R1): Around ₹273
Second Resistance (R2): Around ₹276
BEL // Levels // 1h"Welcome to SkyTradingZone "
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For Bharat Electronics Limited (BEL) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹145
Second Support (S2): Around ₹142
Resistance Levels:
First Resistance (R1): Around ₹150
Second Resistance (R2): Around ₹153
ITC // Levels // 1h"Welcome to SkyTradingZone "
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For ITC Ltd. on a 1-hour timeframe, here are the key support and resistance levels:
Resistance Levels:
R1: ₹515.00
R2: ₹520.00
Support Levels:
S1: ₹510.00
S2: ₹505.00
Financial Highlights (1H FY2023):
Revenue: ₹42,344 crore (approximately USD 5.7 billion)
Net Profit: ₹10,442 crore (approximately USD 1.4 billion)
Earnings Per Share (EPS): ₹13.19
M_M // Levels // 1h"Welcome to SkyTradingZone "
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Mahindra & Mahindra, one of the largest Indian multinational companies, operates in various levels across the automotive, farm equipment, and financial services sectors. Here's a breakdown of their levels:
Here are the latest levels for Mahindra & Mahindra (M&M) stock:
Current Price: ₹3,049.801
52-Week High: ₹3,044.951
52-Week Low: ₹1,450.002
Recent High: ₹3,044.951
Recent Low: ₹2,745.30
#banknifty - 24th September !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.