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Bank Nifty Weekly Technical Analysis for June 02–June 06, 2025~~ Technical Analysis ~~ # Current Levels and Trends: As of recent data, the Bank Nifty closed at 55,903.40 on June 2, 2025, up by 153.70 points (+0.28%). The index is trading within an ascending channel on the 15-minute chart, indicating short-term bullish momentum, while the daily timeframe shows a bullish structure with expectations of further upside in the coming months. Support Levels: Immediate support lies in the 54,530–54,470 range. A break below this could trigger selling pressure, potentially pushing the index toward 54,000 or lower. Resistance Levels: Key resistance is at 55,950–56,000. Sustaining above 56,000 could signal stronger bullish momentum, with potential targets at 56,750, 57,250, or even 58,000+ in the near term. Recent Highs and Lows: The 52-week range is 46,077.85–56,098.70, with the index near its all-time high, indicating strong performance year-to-date (+9.26%). -- Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources. It is for informational and educational 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. #Boost for post will be highly appreciated
NSE:BANKNIFTY
by renderwithme
HINDUSTAN AERONAUTICS LTDAs of June 6, 2025, Hindustan Aeronautics Ltd. (NSE: HAL) is trading at approximately ₹5,071.60, reflecting a 2.25% increase over the previous day. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Based on the previous day's high, low, and close, the daily pivot levels are: Pivot Point: ₹5,053.53 Support Levels: S1: ₹5,008.06 S2: ₹4,944.53 S3: ₹4,899.06 Resistance Levels: R1: ₹5,117.06 R2: ₹5,162.53 R3: ₹5,226.06 📈 Fibonacci Pivot Points Using Fibonacci calculations, the levels are: Pivot Point: ₹5,053.53 Support Levels: S1: ₹5,011.90 S2: ₹4,986.17 S3: ₹4,944.53 Resistance Levels: R1: ₹5,095.17 R2: ₹5,120.90 R3: ₹5,162.53 🔍 Camarilla Pivot Points Derived using the Camarilla method: Pivot Point: ₹5,053.53 Support Levels: S1: ₹5,061.61 S2: ₹5,051.62 S3: ₹5,041.63 Resistance Levels: R1: ₹5,081.59 R2: ₹5,091.58 R3: ₹5,101.58 📌 Trading Insights Immediate Support: ₹5,008.06 (Classic S1) Immediate Resistance: ₹5,117.06 (Classic R1) Given the current price of ₹5,071.60, the stock is trading near its pivot point, suggesting potential for upward movement if it breaks above the immediate resistance. However, traders should monitor for any signs of reversal or consolidation around these levels.
NSE:HALLong
by TechnicalExpress
L&T FINANCE LTDAs of June 6, 2025, L&T Finance Ltd. (NSE: LTF) is trading at approximately ₹180.82. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Calculated based on the previous day's high, low, and close prices: Pivot Point: ₹180.82 Support Levels: S1: ₹177.34 S2: ₹171.32 S3: ₹167.84 Resistance Levels: R1: ₹186.84 R2: ₹190.32 R3: ₹196.34 📈 Fibonacci Pivot Points Based on Fibonacci calculations:\ Pivot Point: ₹180.82 Support Levels: S1: ₹177.19 S2: ₹174.95 S3: ₹171.32 Resistance Levels: R1: ₹184.45 R2: ₹186.69 R3: ₹190.32 🔍 Camarilla Pivot Points These levels are derived using the Camarilla method: Pivot Point: ₹180.82 Support Levels: S1: ₹182.49 S2: ₹181.62 S3: ₹180.75 Resistance Levels: R1: ₹184.23 R2: ₹185.10 R3: ₹185.97 📌 Trading Insights Immediate Support: ₹177.34 (Classic S1) Immediate Resistance: ₹186.84 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹186.84 could signal bullish momentum, while a drop below ₹177.34 might indicate bearish pressure.
NSE:LTFLong
by TechnicalExpress
DR REDDY S LABORATORIESAs of June 6, 2025, Dr. Reddy's Laboratories Ltd. (NSE: DRREDDY) is trading at approximately ₹1,290.60, reflecting a 3.04% increase over the previous day. 📊 Daily Pivot Points (Classic Method) Based on the previous day's high, low, and close, the daily pivot levels are: Pivot Point: ₹1,307.93 Support Levels: S1: ₹1,286.07 S2: ₹1,268.73 S3: ₹1,246.87 Resistance Levels: R1: ₹1,325.27 R2: ₹1,347.13 R3: ₹1,369.99 📈 Fibonacci Pivot Points Using Fibonacci calculations, the levels are: Pivot Point: ₹1,307.93 Support Levels: S1: ₹1,286.07 S2: ₹1,268.73 S3: ₹1,246.87 Resistance Levels: R1: ₹1,325.27 R2: ₹1,347.13 R3: ₹1,369.99 🔍 Camarilla Pivot Points Derived using the Camarilla method: Pivot Point: ₹1,286.07 Support Levels: S1: ₹1,269.04 S2: ₹1,279.82 S3: ₹1,283.41 Resistance Levels: R1: ₹1,294.19 R2: ₹1,297.79 R3: ₹1,301.38 📌 Trading Insights Immediate Support: ₹1,286.07 (Classic S1) Immediate Resistance: ₹1,325.27 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹1,325.27 could signal bullish momentum, while a drop below ₹1,286.07 might indicate bearish pressure.
NSE:DRREDDYLong
by TechnicalExpress
GILLETTE INDIA LTDAs of June 6, 2025, Gillette India Ltd. (NSE: GILLETTE) is trading at approximately ₹10,232.00, marking a 27.45% increase over the past month. 📊 Monthly Pivot Points (Classic Method) Calculated based on the previous month's high, low, and close prices: Pivot Point: ₹10,306.67 Support Levels: S1: ₹8,993.33 S2: ₹8,109.67 S3: ₹6,796.33 Resistance Levels: R1: ₹11,190.33 R2: ₹12,503.67 🔍 Fibonacci Pivot Points Based on Fibonacci calculations: Pivot Point: ₹10,306.67 Support Levels: S1: ₹9,832.59 S2: ₹8,154.08 S3: ₹6,796.33 Resistance Levels: R1: ₹10,351.08 R2: ₹11,190.33 📈 Technical Indicators Summary Moving Averages: All major moving averages (MA5, MA10, MA20, MA50, MA100, MA200) are indicating a Strong Buy signal. Relative Strength Index (RSI): 81.19 – Overbought MACD: 194.05 – Buy ADX: 96.24 – Overbought Stochastic Oscillator: 82.92 – Overbought 📌 Trading Insights Immediate Resistance: ₹11,190.33 (Classic R1) Immediate Support: ₹8,993.33 (Classic S1) Given the current price of ₹10,232.00, the stock is trading near its pivot point, suggesting potential for upward movement if it breaks above the immediate resistance. However, the overbought RSI and ADX indicators suggest caution, as the stock may be due for a short-term correction.
NSE:GILLETTELong
by TechnicalExpress
KPI GREEN ENERGY LTDAs of June 6, 2025, KPI Green Energy Ltd. (NSE: KPIGREEN) is trading at approximately ₹503.45, reflecting a 4.88% increase over the previous day. 📊 Daily Pivot Points (Classic Method) Based on the previous day's high, low, and close, the daily pivot levels are: Pivot Point: ₹497.23 Support Levels: S1: ₹488.32 S2: ₹471.08 S3: ₹462.17 Resistance Levels: R1: ₹514.47 R2: ₹523.38 R3: ₹540.62 📈 Fibonacci Pivot Points Using Fibonacci calculations, the levels are: Pivot Point: ₹497.23 Support Levels: S1: ₹487.24 S2: ₹481.07 S3: ₹471.08 Resistance Levels: R1: ₹507.22 R2: ₹513.39 R3: ₹523.38 🔍 Camarilla Pivot Points Derived using the Camarilla method: Pivot Point: ₹497.23 Support Levels: S1: ₹503.15 S2: ₹500.76 S3: ₹498.36 Resistance Levels: R1: ₹507.95 R2: ₹510.34 R3: ₹512.74 📌 Trading Insights Immediate Support: ₹488.32 (Classic S1) Immediate Resistance: ₹514.47 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹514.47 could signal bullish momentum, while a drop below ₹488.32 might indicate bearish pressure.
NSE:KPIGREENLong
by TechnicalExpress
HDFC BANK As of June 6, 2025, HDFC Bank Ltd. (NSE: HDFCBANK) is trading at approximately ₹1,944.90. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Calculated based on the previous day's high, low, and close prices: Pivot Point: ₹1,949.57 Support Levels: S1: ₹1,940.23 S2: ₹1,930.87 S3: ₹1,921.53 Resistance Levels: R1: ₹1,958.93 R2: ₹1,968.27 R3: ₹1,977.63 Source: Top Stock Research 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹1,942.42 S2: ₹1,938.01 S3: ₹1,930.87 Resistance Levels: R1: ₹1,956.71 R2: ₹1,961.12 R3: ₹1,968.27 🔍 Camarilla Pivot Points These levels are derived using the Camarilla method: Support Levels: S1: ₹1,947.89 S2: ₹1,946.17 S3: ₹1,944.46 Resistance Levels: R1: ₹1,951.31 R2: ₹1,953.03 R3: ₹1,954.74 📌 Trading Insights Immediate Support: ₹1,940.23 (Classic S1) Immediate Resistance: ₹1,958.93 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹1,958.93 could signal bullish momentum, while a drop below ₹1,940.23 might indicate bearish pressure.
NSE:HDFCBANKLong
by TechnicalExpress
1
BLS INTERNATIONAL SERVICES LIMITEDAs of June 6, 2025, BLS International Services Ltd. (NSE: BLS) is trading at approximately ₹408.60. Here's a detailed technical analysis focusing on daily support and resistance levels: 📊 Daily Pivot Points (Classic Method) Calculated based on the previous day's high, low, and close prices: Pivot Point: ₹410.17 Support Levels: S1: ₹405.83 S2: ₹402.77 S3: ₹398.43 Resistance Levels: R1: ₹413.23 R2: ₹417.57 R3: ₹420.63 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹407.34 S2: ₹405.59 S3: ₹402.77 Resistance Levels: R1: ₹412.99 R2: ₹414.74 R3: ₹417.57 🔍 Camarilla Pivot Points These levels are derived using the Camarilla method: Support Levels: S1: ₹408.22 S2: ₹407.54 S3: ₹406.86 Resistance Levels: R1: ₹409.58 R2: ₹410.26 R3: ₹410.94 📌 Trading Insights Immediate Support: ₹405.83 (Classic S1) Immediate Resistance: ₹413.23 (Classic R1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹413.23 could signal bullish momentum, while a drop below ₹405.83 might indicate bearish pressure.
NSE:BLSLong
by TechnicalExpress
POWER GRID CORP LTDAs of June 6, 2025, Power Grid Corporation of India Ltd. (NSE: POWERGRID) is trading at approximately ₹294.25. Here's a detailed technical analysis focusing on 15-minute support and resistance levels, along with broader daily pivot points: 📊 15-Minute Technical Summary Technical Indicators: On the 15-minute timeframe, the overall technical outlook is neutral, indicating a balanced sentiment between buyers and sellers. 🔧 Daily Pivot Points (Classic Method) These levels are calculated based on the previous day's high, low, and close prices: Pivot Point: ₹290.78 Support Levels: S1: ₹286.32 S2: ₹282.73 S3: ₹278.27 Resistance Levels: R1: ₹294.37 R2: ₹298.83 R3: ₹302.42 📈 Fibonacci Support & Resistance Levels Based on Fibonacci calculations: Support Levels: S1: ₹291.23 S2: ₹290.02 S3: ₹288.05 Resistance Levels: R1: ₹295.17 R2: ₹296.38 R3: ₹298.35 📌 Trading Insights Current Price: ₹294.25 Immediate Resistance: ₹295.17 (Fibonacci R1) Immediate Support: ₹291.23 (Fibonacci S1) Traders may consider these levels for setting stop-loss and take-profit orders. A break above ₹295.17 could signal bullish momentum, while a drop below ₹291.23 might indicate bearish pressure.
NSE:POWERGRIDShort
by TechnicalExpress
1
Nifty Analysis - Smart Money Concepts or LiquidityI would like to present my Nifty Analysis based on Liquidity or Smart Money Concepts. This Analysis is based on Multi-time frame (Weekly & Daily) Time Frame. here chart is used on Daily Time Frame. Current Scenario - (Weekly TF Analysis) ==Weekly Time Frame Analysis - The current move is retracing into a weekly POI zone which also has- -Daily Imbalance -HTF Supply Block -Smart Money Trap Zone (marked) Right now, HTF is still in broad bearish retracement structure. ==Daily TF Annalysis - -Price is consolidating in a range within a clearly defined HTF POI (High Probability Reversal Area) -Inside the range: -Multiple internal BOS & MSS -Clean liquidity pool build-up (marked in yellow) -Potential for buy-side liquidity sweep followed by sell-off into discount Price Projection & Bias ----- 1. Short-Term Bias (Next 3–5 Weeks): Downside after Extreme POI liquidity grab -Expectation is there will be a Fakeout above the liquidity pool (25,500–25,800), or in retail language say it is Stop Loss Hunt then sell-off. -Target: Volume Imbalance near 23,200–22,700. -This will be aligned with - Liquidity sweep , Mitigation of volume imbalance , Entry into Weekly Discount Zone. 2. Mid-Term Bias or say 2-3 months expectation (After Re-accumulation) -If price reacts with storng bullish order flow from 22500-22000 range then expect - -Reversal into bullish structure -Target - 26200 or 26400 -Supported by mean reversion + reaccumulating idea (For Entry Module) - Consider 15min to 1 hour Time frame setup for confirmation before taking shorts from above supply zone. - expect a long setup around 22200-22400 only if bullish BOS + FVG Filled and also consider HTF Liquidity sweep near weekly wick discount zone or say 50% mean reversion. Disclaimer -- (Views are only for Educational Purpose only. Always consult your financial Advisor before doing Any Investments). Your Views or Comments are welcomed.
NSE:NIFTYShort
by Hit_Analyst
1