Get started

Support and Resistance

Nifty Intraday Analysis for 23rd May 2025NSE:NIFTY Index closed near 24610 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 87.08 Lakh 25500 Strike – 65.14 Lakh 24800 Strike – 47.70 Lakh Put Writing 24000 Strike – 82.73 Lakh 24500 Strike – 68.33 Lakh 24600 Strike – 43.82 Lakh Index has resistance near 24775 – 24825 range and if index crosses and sustains above this level then may reach near 24975 – 25025 range. Index has immediate support near 24400 – 24350 range and if this support is broken then index may tank near 24200 – 24150 range.
N
by RKMAURYA
GREENPANEL INDUSTRIES technical analysisGreenpanel Industries Ltd. (NSE: GREENPANEL) is currently trading at INR 261.55. The company specializes in medium-density fiberboard (MDF) and plywood manufacturing, serving both domestic and export markets with a strong focus on innovation and sustainable production. Key Levels Support Level: INR 198.75 Swing Level: INR 305.60 Possible Upside Levels: INR 574.65, INR 675.75, INR 804.50 Technical Indicators RSI: The Relative Strength Index (RSI) is at 41.86, indicating neutral momentum with a slight downward bias. RSI below 50 often suggests mild bearish sentiment. Volume: Trading volume is moderate, reflecting steady investor participation. Increased volume near resistance levels could validate upward movement, while declining volume near support may suggest consolidation. Sector and Market Context Greenpanel Industries operates within the building materials and furniture manufacturing sector, which has witnessed steady demand growth due to urbanization, real estate expansion, and rising consumer preference for MDF-based furniture. However, the sector is also subject to commodity price fluctuations, interest rate cycles affecting real estate, and import-export policy changes. Market conditions indicate cautious optimism, with investors tracking housing sector performance and raw material cost trends. Latest News and Developments Market Trends: Institutional interest in building materials stocks remains strong, though rising input costs could pressure margins. Analyst Ratings: Recent reports suggest mixed sentiment, with some analysts projecting gradual demand recovery in the domestic market. Quarterly Results: Greenpanel Industries posted stable revenue, though margins saw compression due to rising material costs. Dividend Update: No recent dividend announcements, indicating continued reinvestment in operational efficiency and expansion. Analysis Summary Greenpanel Industries Ltd. presents a balanced technical outlook, with RSI and key levels indicating potential price stabilization before trend confirmation. The stock benefits from sector tailwinds, though macroeconomic risks—such as input costs and demand cycles—must be monitored. Investors should watch price action near swing levels, volume trends, and sector-wide developments before making decisions. A calibrated approach is advisable, considering both the growth potential and inherent market risks.
NSE:GREENPANELLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 26th May 2025NSE:NIFTY Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 79.23 Lakh 25500 Strike – 72.05 Lakh 24900 Strike – 50.54 Lakh Put Writing 24500 Strike – 94.76 Lakh 24800 Strike – 59.20 Lakh 24600 Strike – 56.72 Lakh Index has resistance near 25000 – 25050 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 26th May 2025NSE:BANKNIFTY Index closed near 55400 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 55500 Strike – 13.38 Lakh 56000 Strike – 12.94 Lakh 57000 Strike – 10.89 Lakh Put Writing 55000 Strike – 17.60 Lakh 54000 Strike – 14.33 Lakh 55500 Strike – 9.95 Lakh Index has resistance near 55900 – 56000 range and if index crosses and sustains above this level then may reach near 56500 – 56600 range. Index has immediate support near 54700 - 54600 range and if this support is broken then index may tank near 54100 - 54000 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 26th May 2025NSE:CNXFINANCE Index closed near 26485 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 27000 Strike – 1.96 Lakh 26500 Strike – 1.26 Lakh 26400 Strike – 0.85 Lakh Put Writing 26000 Strike – 1.54 Lakh 26300 Strike – 1.14 Lakh 26200 Strike – 1.09 Lakh Index has resistance near 26600 - 26650 range and if index crosses and sustains above this level then may reach near 26825 - 26875 range. Index has immediate support near 26325 – 26275 range and if this support is broken then index may tank near 26075 – 26025 range.
NSE:CNXFINANCE
by RKMAURYA
HDFC Bank Surges to Lifetime High Within a Defined Bullish ChannTopic Statement: HDFC Bank is on a strong bull run, steadily climbing within a well-defined uptrending channel. Key Points: * The stock is trading within a bullish uptrending channel, offering clear opportunities for channel-based trading * It is currently at its lifetime high, reflecting strong investor confidence and momentum * The price has significantly overextended above the 200-day EMA, indicating the stock is highly overbought and may be due for consolidation or a pullback
NSE:HDFCBANKLong
by yogeshwar
1
Midnifty Intraday Analysis for 26th May 2025NSE:NIFTY_MID_SELECT Index closed near 12590 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 13000 Strike – 8.66 Lakh 12500 Strike – 4.68 Lakh 12800 Strike – 4.58 Lakh Put Writing 12500 Strike – 6.18 Lakh 12600 Strike – 4.59 Lakh 12200 Strike – 3.29 Lakh Index has immediate resistance near 12725 – 12775 range and if index crosses and sustains above this level then may reach 12850 – 12900 range. Index has immediate support near 12425 – 12375 range and if this support is broken then index may tank near 12250 – 12200 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
HDFC LIFE – VCP Breakout Setup | ATH ZoneHDFC LIFE – VCP Breakout Attempt | ATH Test After 44 Months 📈 Structure: Volatility Contraction Pattern (VCP) 📦 Base: Tight consolidation zone (rectangle) 📊 Trend: Higher Highs & Higher Lows 🟢 Volume: Gradually picking up 💥 Last Session: Wide range bullish candle 🔝 ATH Zone: Testing Sep 2021 high (44-month range) 📌 Price Action: Trading above Key DMAs The stock formed a clean VCP structure with tight contractions and shallow pullbacks. It broke out from its recent base and is now testing the all-time high from Sep 2021, making this a high-stakes breakout watch. Currently, it’s forming a breakout setup with entry above the previous day’s close — ideally confirming with more volume above ₹790. 📍 Trade Plan Entry: 781.85 Stop Loss (Close Basis): 690.15 Target 1: 875.95 Target 2: 963.15 📊 Risk & Reward Risk: 11.75% Target 1: 12.02% Target 2: 23.18% RR to T1: 1 : 1.02 RR to T2: 1 : 1.97 ⚠️ Risk Management Notes Even though the structure is clean and momentum is building, risk remains high as the stock is trading at ATH levels — a zone where volatility can spike. Always remember: Protect capital first — never let a single trade ruin your portfolio If it fails to hold above the breakout zone, pullbacks can be sharp Don’t ignore market breadth and macro sentiment Trade only with proper position sizing and SL discipline. If the breakout sustains with strength, this could enter a strong trend — but risk-reward must justify the trade. 📌 This is not a buy/sell recommendation. Just a technical view for educational purposes.
NSE:HDFCLIFELong
by sagartharayil
Technical Analysis of DXY (US Dollar Index) for the Week of May # Current Price Action and Market Context Recent Price Movement: As of May 23, 2025, the DXY closed at approximately 99.11, down 0.85% from the previous session's close of 99.96. The index has been trending downward, testing two-week lows near 99.14 after failing to reclaim the 100.50 level. Bearish Momentum: The break below 97.50 on the monthly chart signals a bearish structure with lower highs and lower lows, suggesting continued selling pressure. The next major downside target is around 96.00, with a potential longer-term target near 92.00. Key Fundamental Drivers: Recent weakness in the DXY is attributed to President Trump’s proposed 50% tariffs on European imports, which have undermined bullish momentum in the dollar. Additionally, anticipation of Federal Reserve interest rate decisions, upcoming US inflation data, and employment reports (e.g., Non-Farm Payrolls) will play a significant role in the DXY’s direction. -- Chart for your reference -- -- Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
TVC:DXYShort
by renderwithme
Reliance Nears Lifetime High After Rebounding Strongly from TechTopic Statement: Reliance is in a strong bullish phase, continuing its recovery momentum after a solid technical reversal. Key Points: The stock reversed sharply from a double bottom pattern at the 38.2% Fibonacci retracement level, offering strong support. It received an additional bullish push at the 23.6% level, reinforcing upward momentum. The price is approaching its lifetime high of 1161, where a double top formation is likely and could act as a profit-booking zone due to expected resistance. Now trading above the 180-day EMA, the stock is technically overbought, suggesting a potential pause or pullback near the peak.
NSE:RELIANCELong
by yogeshwar
EMS technical analysisEMS Ltd. (NSE: EMS) is currently trading at INR 651.10. The company operates in the engineering and infrastructure sector, specializing in water and wastewater management solutions, catering to industrial and municipal needs. Key Levels Support Level: INR 497.35 Swing Level: INR 718.75 Possible Upside Levels: INR 942.85, INR 1,053.70, INR 1,194.90 Technical Indicators RSI: The Relative Strength Index (RSI) is at 62.15 (monthly timeframe), reflecting strong momentum yet staying below the overbought threshold, suggesting continued strength with potential upside movement. Volume: Trading volume is 4.06M, showing steady investor interest. Increased volume near breakout levels may confirm potential price movement toward higher levels. Sector and Market Context EMS Ltd. operates in a high-demand sector, benefiting from India’s push for sustainable water management and smart city projects. Government spending in water infrastructure continues to grow, supporting long-term revenue stability for firms in this industry. However, sector volatility due to raw material costs, contract execution challenges, and policy shifts remains a consideration. Broad market indicators suggest favorable conditions, with investors closely watching companies aligned with infrastructure modernization. Latest News and Developments Market Trends: Institutional investors show growing interest in infrastructure stocks amid increased government contracts for urban water management. Analyst Ratings: Positive outlook backed by strong order execution and expanding pipeline of municipal projects. Quarterly Results: Recent financial disclosures indicate steady revenue growth, aided by higher project completions and increased government tenders. Dividend Update: No recent dividend declarations, signaling continued reinvestment into scaling operations and project fulfillment. Analysis Summary EMS Ltd. shows bullish technical trends, supported by strong momentum and sector tailwinds. The RSI reflects continued price strength, while volume indicates steady investor engagement. Sector dynamics remain favorable, driven by policy support and expanding market opportunities. Investors should monitor price action near swing levels, volume trends, and broader economic developments before making informed decisions.
NSE:EMSLIMITEDLong
by TechnicalAnalystSucrit
Bank Nifty Weekly Insights: Key Levels & TrendsBank Nifty ended the week at 55,398.25 Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The critical range to monitor for potential trend reversals or continuation is 55,516 to 55,281 🔹 Support & Resistance Levels: Support Levels: S1: 54,929 S2: 54,312 S3: 53,596 Resistance Levels: R1: 55,991 R2: 56,424 R3: 56,794 Market Outlook ✅ Bullish Scenario: A sustained move above 55,516 could trigger buying momentum, potentially driving Bank Nifty towards R1 (55,991) and beyond. ❌ Bearish Scenario: If the index falls below 55,281, selling pressure may increase, pulling it towards S1 (54,929) and lower levels. Disclaimer: lnkd.in
NSE:BANKNIFTY
by ALICEBLUE
Nifty 50 at a Turning Point? Key Levels & Market Outlook AheadThe Nifty 50 ended the week at 24,853.15 with a loss of (-0.67%) If Nifty sustains below 24,771, selling pressure may increase. However, a move above 24,932, could restore bullish momentum. Key Levels for the Upcoming Week 🔹 Price Action Pivot Zone: The crucial range to watch for potential trend reversals or continuation is 24,775 -24,932. 🔹 Support & Resistance Levels: Support: S1: 24,540 S2: 24,226 S3: 23,889 Resistance: R1: 25,170 R2: 25,612 R3: 26,050 Market Outlook ✅ Bullish Scenario: A sustained breakout above 24,932 could attract buying momentum, driving Nifty towards R1 (25,170) and beyond. ❌ Bearish Scenario: A drop below 24,775 may trigger selling pressure, pushing Nifty towards S1 (24,540) or lower. Disclaimer: lnkd.in
NSE:NIFTY
by ALICEBLUE