Get started

Support and Resistance

Finnifty Intraday Analysis for 22nd April 2025NSE:CNXFINANCE Index closed near 26435 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 26500 Strike – 2.18 Lakh 27000 Strike – 2.00 Lakh 26700 Strike – 1.29 Lakh Put Writing 26000 Strike – 1.69 Lakh 26100 Strike – 1.13 Lakh 26400 Strike – 0.80 Lakh Index has resistance near 26650 - 26700 range and if index crosses and sustains above this level then may reach near 26900 - 26950 range. Index has immediate support near 26300 – 26250 range and if this support is broken then index may tank near 26100 – 26050 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 22nd April 2025NSE:NIFTY_MID_SELECT Index closed near 11955 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12500 Strike – 11.04 Lakh 12000 Strike – 9.99 Lakh 12200 Strike – 6.16 Lakh Put Writing 11500 Strike – 7.44 Lakh 11600 Strike – 6.81 Lakh 11700 Strike – 5.14 Lakh Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12400 – 12450 range. Index has immediate support near 11775 – 11725 range and if this support is broken then index may tank near 11600 – 11550 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Hindustan Foods Ltd-Symmetrical Triangle Breakout!Hindustan Foods Ltd.—Symmetrical Triangle Breakout! 🚀📈 📅 Published on: April 12, 2025 📊 Chart Insight: HNDFDS has broken out of a well-formed symmetrical triangle pattern on the daily chart, signaling a potential bullish continuation. The breakout is accompanied by a solid green candle and volume surge, hinting at strong momentum ahead. 🔍 Key Technical Highlights: 🔺 Pattern: Symmetrical Triangle (Lower highs + Higher lows) 📏 Breakout Level: ₹560 📈 Current Price: ₹571.65 (+4.03%) 📊 Volume Spike: 109.28K—a notable increase compared to recent sessions 📌 Support & Resistance Levels: Immediate Support: ₹560 (breakout level) Next Support (lower trendline): ₹530 Resistance Levels to Watch: ₹586 (minor supply zone) ₹615 ₹645 (swing high) 📉 RSI Indicator: Current RSI: 60.40—strong upward move, not yet overbought Hidden Bullish Divergence (visible on chart): RSI made higher lows while price was consolidating—early bullish signal Bearish markers now invalidated post-breakout 🧠 Trade Idea / Strategy: 📥 Buy on dips near ₹560–₹565 if price retests breakout 🛑 Stop-loss: ₹530 (below ascending trendline) 🎯 Targets: ₹586 ➡ ₹615 ➡ ₹645 📘 Note: Triangle breakouts typically indicate strong price movement after consolidation. Volume confirmation adds conviction. 🔔 Disclaimer: This chart is for educational purposes only. Do your own analysis or consult a financial advisor before investing.
NSE:HNDFDSLong
by PriceAction_Pulse
Ujjivan Small Finance Bank-Breakout from Downtrend!Ujjivan Small Finance Bank—Breakout from Downtrend! 🔥 📆 Date: April 9, 2025 📊 Chart Analysis: UJJIVANSFB has convincingly broken out of a long-standing falling trendline, indicating renewed bullish momentum. The breakout is supported by a strong bullish candle and above-average volume, suggesting a potential trend reversal. 📌 Key Levels: 🛑 Resistance (Breakout Zone): ₹38 ✅ Support (Base Formation): ₹30.95 🔼 Immediate Resistance Levels: ₹42, ₹46, ₹50 📈 Indicators & Observations: 📉 Downtrend line broken after multiple rejections—a bullish sign. 🔍 RSI at 67.5—approaching the overbought zone but showing strong momentum. 📊 Volume surge at 32.46M suggests institutional interest and confirmation of breakout. 📌 RSI Bullish Label (Green “Bull” icon) confirms momentum strength earlier. 🧠 Strategy Ideas: Retesting near the ₹37–₹38 zone can be a buy-on-dip opportunity. Targets: ₹42 ➡️ ₹46 ➡️ ₹50 SL: Below ₹36 (trendline) 📌 Disclaimer: This analysis is for educational purposes only. Always do your own research or consult a SEBI-registered advisor before investing
NSE:UJJIVANSFBLong
by PriceAction_Pulse
MGL: Does it have the Gas to Push to Resistance?Hello fellow traders! Hope you’re all doing great. Today, I’d like to share my technical outlook on Mahanagar Gas Ltd (MGL) . Key Observations: 1. Ascending Channel: The price is currently respecting an ascending channel formation on the chart. 2. Target: I'm anticipating a potential move toward ₹1440 , which aligns with the upper boundary of the ascending channel. This level also coincides with a long-term resistance zone, adding confluence to the setup. 3. Stop Loss: A strict stop loss should be placed at ₹1220 on a closing basis . As long as the lower trendline holds, this setup remains valid. 4. Risk-Reward Ratio: This trade offers a favorable 1:2 risk-to-reward opportunity. Disclaimer: This is a personal analysis and not financial advice . Please do your own research and trade responsibly. Risk management is key. Thanks for reading! Looking forward to your thoughts and feedback. Best regards, Anantesh
NSE:MGLLong
by Ananteshm
Nifty Intraday Analysis for 21st April 2025NSE:NIFTY Index closed near 23850 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 56.41 Lakh 24500 Strike – 55.70 Lakh 23500 Strike – 51.96 Lakh Put Writing 23500 Strike – 86.14 Lakh 23300 Strike – 46.47 Lakh 23400 Strike – 41.59 Lakh Index has resistance near 24000 - 24050 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 23725 – 23675 range and if this support is broken then index may tank near 23550 – 23500 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 21st April 2025NSE:BANKNIFTY Index closed near 54290 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 55000 Strike – 17.79 Lakh 54000 Strike – 10.26 Lakh 54500 Strike – 8.70 Lakh Put Writing 53000 Strike – 11.78 Lakh 54000 Strike – 7.37 Lakh 53500 Strike – 6.61 Lakh Index has resistance near 54900 – 55000 range and if index crosses and sustains above this level then may reach near 55500 – 55600 range. Index has immediate support near 53900 - 53800 range and if this support is broken then index may tank near 53300 - 53200 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 21st April 2025NSE:CNXFINANCE Index closed near 26070 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 26000 Strike – 1.90 Lakh 26500 Strike – 1.82 Lakh 26200 Strike – 0.88 Lakh Put Writing 25500 Strike – 1.32 Lakh 26000 Strike – 0.94 Lakh 25800 Strike – 0.56 Lakh Index has resistance near 26300 - 26350 range and if index crosses and sustains above this level then may reach near 26500 - 26550 range. Index has immediate support near 25875– 25825 range and if this support is broken then index may tank near 25650 – 25600 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 21st April 2025NSE:NIFTY_MID_SELECT Index closed near 11670 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 11600 Strike – 9.04 Lakh 12000 Strike – 8.32 Lakh 11700 Strike – 5.14 Lakh Put Writing 11600 Strike – 7.33 Lakh 11500 Strike – 7.23 Lakh 11400 Strike – 3.97 Lakh Index has immediate resistance near 11775 – 11825 range and if index crosses and sustains above this level then may reach 12000 – 12050 range. Index has immediate support near 11575 – 11525 range and if this support is broken then index may tank near 11475 – 11425 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BITCOIN PRICE UPDATE – April 21, 2025🔴 BITCOIN PRICE UPDATE – April 21, 2025 💰The D1 chart of BTC is currently showing a pretty solid buying signal. From the 78k support zone, we can see that buyers have stepped in. Although the price has broken the downtrend line and there are positive signals from the MACD, I have the following observations that you should pay close attention to before making any trading strategy decisions during this period: 1. The trendline breakout signal doesn’t necessarily indicate that the market is entering an uptrend. It could simply mean that the downtrend has temporarily ended. 2. There is a divergence signal on the MACD; however, I don’t place much weight on this, because the two lines are wrapped tightly around each other. From my experience, this signal shows more of a “PROBING” move rather than strong buyer commitment. 3. I also checked the momentum indicator, and it doesn’t show any clear bullish signals yet. This phase still doesn’t give a high-confidence indication that the market is about to reverse. Based on these three reasons, I have two potential views for this phase: ✔️View 1: The ideal scenario is that BTC continues to rise toward the nearest liquidity peak (around 93k), but it would still need to pull back afterward to retest the support zone—it’s unlikely to just skyrocket without correction. ✔️View 2: BTC reverses at this point and forms a consolidation zone within the gray box, with price fluctuating in an 8k–10k range for the next 3 to 6 months, before making a decisive move in Q4/2025. Personally, I lean more toward **View 2**! Because the market still lacks a clear bullish signal at this stage. What do you think about these two scenarios? Drop a comment and let’s discuss!
by Trendformal
2
Nifty PSE Breakout Ahead ?Hello fellow Traders! Hope you're all having a fantastic trading session! Today I bring you an in depth analysis of the Nifty PSE Index, which is at a crucial turning point. With price testing key resistance and the 200 EMA, will we witness a breakout or another rejection? This setup could define the next big move, so stay sharp and trade wisely! Let’s discuss what’s your take on this price action? Analyzing Nifty PSE Index: 200 EMA and Key Resistance Levels-: In this analysis we examine the Nifty PSE Index using a combination of trend channels, key resistance levels, and the 200-period Exponential Moving Average (EMA). The objective is to determine whether the recent breakout attempt can sustain upward momentum or if resistance will push the price back within the channel. Trend Channel and Key Resistance-: The chart reveals a well-defined downward-sloping channel, marked by channel resistance and channel support levels. Throughout this decline, the price has respected these boundaries, bouncing off support and getting rejected at resistance. Recently, the index has approached a critical resistance zone near 9500 where it also faces the 200 Ema. This confluence of resistance increases the probability of a reversal, as historically, the 200 Ema acts as a dynamic barrier in trending markets. Notably the price has reacted to this level twice before (marked with red arrows), leading to sharp pullbacks. If history repeats, we could see another rejection from this area. However, a successful breakout above the 200 Ema and key resistance would open the door for further upside toward 10400 previously established price level. Breakout Above Resistance: A confirmed breakout above 9500 could signal a trend reversal. This would bring the next potential target of 10400 and 11000 (next visible resistance) into focus. The Nifty PSE Index stands at a crucial juncture, facing significant resistance at the 200 EMA and 9500. A decisive move in either direction will set the tone for the upcoming trend. Traders should closely monitor price action near these levels for confirmation before taking positions. This publication is meant for only learning purpose hope you will like it! Best regards- Amit.
NSE:CNXPSELong
by AMIT-RAJAN
10
ZINKA LOGISTICS technical analysis**Technical Analysis Report** **Stock Overview:** Zinka Logistics Solutions Ltd. (NSE: ZINKA) is currently priced at INR 400.35. The company specializes in logistics and supply chain solutions, offering services such as transportation, warehousing, and distribution. **Key Levels:** - Support Level: INR 313.05 - Upside Swing Zone: INR 412.10 - Possible Upside Levels: INR 513.30, INR 564.10, INR 628.80 **Technical Indicators:** - **RSI (Relative Strength Index):** The RSI is at 58.54, indicating a neutral position where the stock is neither overbought nor oversold. RSI measures the speed and change of price movements, helping identify potential trend reversals. - **Volume:** The weekly trading volume stands at 380.74K, reflecting moderate activity. Volume is a key indicator of the strength behind price movements, with higher volumes often signaling stronger trends. **Sector and Market Context:** Zinka Logistics Solutions Ltd. operates within the logistics and supply chain sector, which has been experiencing growth due to the rise of e-commerce and the increasing need for efficient transportation and distribution services. The sector has shown resilience, supported by technological advancements and streamlined operations. However, broader market trends, including economic fluctuations and consumer demand, play a significant role in shaping the stock's trajectory. **Risk Considerations:** - **Market Volatility:** Broader market fluctuations could impact investor sentiment and stock prices. - **Economic Conditions:** Factors such as inflation, interest rates, and GDP growth may influence the logistics sector's performance. - **Industry Competition:** The company faces challenges from competitors in maintaining market share and profitability. - **Regulatory Changes:** Any shifts in transportation or warehousing regulations could affect operational efficiency and financial outcomes. **Analysis Summary:** Zinka Logistics Solutions Ltd. demonstrates potential for upward movement based on its key levels and technical indicators. The RSI suggests a stable position, while moderate volume indicates consistent trading interest. The stock's performance aligns with the logistics sector's growth trends, but investors should remain cautious about external risks such as market volatility and regulatory changes. Conducting further research and monitoring sector developments is advisable before making investment decisions. This analysis provides a comprehensive overview while maintaining a balanced perspective. Let me know if you'd like to refine or expand on any section!
NSE:BLACKBUCKLong
by TechnicalAnalystSucrit
The Market Speaks in the First Hour Learn to ListenDear TradingView Community and Fellow Traders, Wishing you all a focused and fulfilling trading journey. Each day in the market brings its own rhythm, and recognizing that early can make all the difference. In this piece, I’m sharing a concept that continues to shape my intraday approach, the First Hour Range. It’s a simple yet powerful framework that can offer clarity right from the start of the session. Let’s explore how the first 60 minutes can set the tone for the entire trading day. Body-: The first hour of the trading session is one of the most dynamic and information-rich periods of the day. It lays the groundwork for what often becomes the day’s dominant trend, volatility structure, and psychological narrative. Whether you're a scalper, momentum trader, or swing trader analyzing intraday flow, the first hour can act as your primary map. Understanding the First Hour Range-: The First Hour Range is defined by the highest and lowest prices achieved during the first 60 minutes after market open. These two levels create a clear boundary that reflects the initial battle between buyers and sellers, often influenced by overnight global cues, news events, gap openings, and institutional order flow. This range can be seen as a "price cage" a zone that either contains the price action for the rest of the session or is decisively broken to signal continuation or reversal. Why Is This Range So Important? High Volume and Volatility-: The opening hour is typically where the highest intraday volume occurs. This influx of participation leads to price discovery, as market participants react to overnight developments, pre-market news, and opening gaps. Reference for Support and Resistance-: The high of the first hour acts as early resistance. The low acts as intraday support. If price breaks above or below this range later in the session, it’s often accompanied by strong follow-through, especially when confirmed with volume. Bias Detection-: Traders can assess whether the session is likely to be trending or range-bound by observing how price behaves around the first hour range. A clean breakout and sustained move away indicates trend conviction. Repeated rejection from the edges hints at indecision or mean-reversion behavior. Breakout Triggers-: Many intraday breakout strategies use the first hour range as a trigger zone. Long entries may be placed just above the high of the range, while short entries might be taken below the low. Traders often use volume spikes or candle confirmation (e.g., engulfing or Marubozu) for added conviction. Fakeouts and Traps: On some days, price may breach the range high or low and then reverse back within it. This is known as a failed breakout or fakeout, often trapping aggressive breakout traders. For experienced traders, these traps can be lucrative countertrend setups with tight stop-loss placements. Types of Market Days Based on First Hour Behavior Trend Day-: Price breaks out of the range early and continues in the direction of the breakout with minimal pullbacks. Look for rising volume and shallow retracements. Range-Bound Day-: Price stays within the range for most of the session, often forming a sideways consolidation. These are ideal for mean-reversion traders using oscillators or reversal patterns near the extremes. Reversal Day-: The initial breakout fails, and price reverses strongly in the opposite direction. Look for volume divergence or key reversal candlesticks like pin bars or bearish/bullish engulfing patterns. Tips for Using the First Hour Range Effectively Always mark the first hour high and low on your intraday chart, regardless of your trading style. It serves as a reference throughout the day. Align higher timeframe bias (e.g., daily or 4-hour chart) with the breakout direction to improve probability. Watch how price reacts at the range extremes. Wick rejections, reversal candles, or hesitation often precede strong counter moves. In choppy markets, wait for a retest of the breakout level before entry this improves confirmation and reduces false signals. Psychological Importance The first hour is not just about price it’s about trader psychology. Emotional decisions, early fear or greed, profit-taking from overnight positions, and smart money manipulation all unfold during this time. Reading this layer helps you better anticipate the day’s rhythm. Conclusion-: The First Hour Range is a deceptively simple yet incredibly effective framework to assess market structure, trade opportunities, and risk zones. It’s a tool that adapts well to all kinds of markets equity indices, forex, commodities, or crypto. Make it part of your daily routine. Observe how price respects or disrespects it. Use it to align your trades with market momentum or fade the crowd when the context favors reversals. More often than not, the market whispers its intention in the first 60 minutes. The traders who are listening closely tend to ride ahead of the curve. Best Regards- Amit
NSE:BANKNIFTYEducation
by AMIT-RAJAN
4
Yes Bank Chart analysis with confirm targets 2025 Yes Bank Q4 Results FY25: Net Profit Surges 63% Yes Bank has reported a strong financial performance for the fourth quarter of FY25, showcasing a solid improvement in profitability and operational efficiency. The bank’s net profit has jumped by 63% year-on-year to ₹738 crore, mainly due to lower provisioning for bad loans. Let’s break down the key highlights and what this means for investors. Double Bottem Chart Pattern on YES BANK char Support Levels Latest Support: ₹14 This is the most recent or nearby support level where the stock has shown a reversal. A double bottom chart pattern has also formed at this level, which is generally considered a bullish signal. Major Support: ₹7 Yes Bank’s **major support zone** is around ₹7. This level has acted as a strong support in the past, and the stock has bounced back from here multiple times over the years. If the overall market sees a significant correction, this could be considered the **last line of defense**. Resistance Levels Resistance-1 (Short-Term Target): ₹28.87 – ₹30.73 This is the first major resistance the stock needs to break through. If this level is crossed in the short term, it may lead to a fresh rally. You can consider this as the first target zone, and the probability of the stock reaching this level is reasonably high. Resistance-2 (Long-Term Target): ₹45.85 – ₹47.79 This is the long-term resistance zone where the stock may reach if the company’s financial performance continues to improve. Once the stock breaks Resistance-1, that level may become a new support, increasing the chances of achieving this second target. Potential Price Targets Short-Term Target: ₹28 – ₹30 If the stock closes above ₹20 and market sentiment remains positive, it is possible for the stock to rally toward ₹28–₹30 in the short term. Long-Term Target: ₹44 – ₹47 If the bank successfully manages its Non-Performing Assets (NPAs) and maintains growth, a rally toward ₹47 is possible in the long run.
NSE:YESBANKLong
by manojshinde27
1
DCM NOUVELLE technical analysisStock Overview: DCM Nouvelle Ltd., listed on NSE, is currently priced at INR 184.92. The company operates in textiles, chemicals, and engineering industries, focusing on manufacturing and selling diverse products. Key Levels: Support: INR 97.76 Upside swing zone: Between INR 159.39 to INR 189.68 Possible upside levels: INR 227.21, INR 356.15, INR 417.80, INR 496.30 Technical Indicators: RSI: The Relative Strength Index (RSI) stands at 49.93, signifying neutral momentum. RSI is a technical indicator used to measure the speed and change of stock price movements, identifying potential overbought or oversold conditions. Volume: The trading volume is at 424.48K, suggesting moderate activity. Sector and Market Context: DCM Nouvelle Ltd. operates in the textiles and chemicals sectors, which have shown mixed performance due to recent global economic shifts. These sectors are experiencing varying degrees of volatility due to supply chain disruptions, inflationary pressures, and evolving consumer preferences. The stock's behavior has aligned with these industry trends, displaying periods of consolidation alongside incremental growth phases. Risk Considerations: Economic Conditions: Challenges such as inflation, currency fluctuations, and slower growth projections could impact the stock's trajectory. Sector-Specific Risks: Issues like raw material price volatility, competitive pressures, and environmental regulations pose risks. Analysis Summary: DCM Nouvelle Ltd. demonstrates promising key levels, indicating potential for growth while maintaining robust support levels. The technical indicators suggest a balanced state, neither excessively bullish nor bearish. The stock's alignment with sector trends highlights its resilience amidst external challenges. Investors are advised to monitor the broader market context and industry-specific developments to make informed decisions.
NSE:DCMNVLLong
by TechnicalAnalystSucrit