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Support and Resistance

BankNifty levels - Jul 03, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Jul 03, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Bullish patterns & Monthly Breakouts in Alkyl AminesGood afternoon Folks, This stock has given us a breakout from falling wedge pattern and from inverse H & S pattern and with a strong green candle - The next step is either you can enter now as a big green candle without rejection shows bulls strength. - Next is to wait for the 2nd green candle closes around high which acts as confirmation and the classical way to trade breakouts. - Now as per the John Murphy's book the target for Inverse H&S Breakout will be the size of head which I have marked in yellow which suggest 44% upmove or else you can use pivots which gives you support and resistance which can help you to understand from where price is taking support or where it is facing rejection. - it will also helps you with target and stoploss. THIS ARE MY PERSONAL VIEWS OR ANALYSIS NOT ANY RECOMMENDATIONS.
NSE:ALKYLAMINELong
by investorragnarok
2
Trading Recommendations and Analysis for EUR/USDOn the weekly chart, the price is approaching the upper boundary of the price channel, around the 1.1822 mark, from which a reversal of the entire trend may occur. A divergence with the Marlin oscillator is ready for immediate formation. If the price breaks above the channel line, it will most likely be a false false breakout, invalidating the channel. Only a weekly candle close above the specified level, accompanied by the oscillator rising above the previous peak, would significantly complicate the technical picture for a trend reversal. On the daily chart, a possible target in the event of a breakout above 1.1822 is the 1.1905 level - the resistance from 1.1822 is the 1.1905 level - the resistance from July - August 2021. On the four - hour chart, the Marlin oscillator does not support the price's bullish momentum. For now, the trend remains upward, but we are preparing for a possible shift. The Nonfarm Payrolls, Independence Day, and "Liberation Day" (new tariffs) are just around the corner. Donald Trump may have a surprise in store.
by CEO-PREMIUM-ANALYSIS
16
DeGRAM | GOLD held the support area📊 Technical Analysis ● Bullish rebound from the green 3 250-3 300 demand, where the rising-channel base and May’s inner trend-line intersect, prints a higher low and invalidates the prior break. ● Price is reclaiming the channel median; a push through 3 378 unlocks the June swing cap at 3 434, while risk is contained by the fresh pivot turned support at 3 300. 💡 Fundamental Analysis ● Softer US ISM-Mfg prices and a dip in 2-yr yields eased dollar pressure, while IMF data show another uptick in official gold purchases—both restoring near-term bid. ✨ Summary Long 3 300-3 320; hold above aims 3 378 → 3 434. Invalidate below 3 250. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
21
SOLB | Descending Triangle Breakout – Targeting +34% MoveTicker: EURONEXT:SOLB (Solvay SA – Euronext Brussels) 📆 Timeframe: 4H (4-hour) 📉 Price: €31.58 📈 Pattern: Descending triangle breakout from horizontal support 📊 Breakout Probability : ~73% upward breakout (short-term triangle) 🔍 Technical Setup: SOLB has successfully broken above a descending resistance line, bouncing off a solid horizontal support level near €28.00. This forms a bullish descending triangle breakout – a structure that historically resolves upward in short- to mid-term timeframes. ✅ Confirmed breakout from descending triangle 🟢 RSI pushing above 56 = bullish short-term momentum 📉 Defined support below = favorable risk/reward 🧠 Trade Plan: 📥 Entry Zone: €31.40–€31.70 (post-breakout confirmation) ⛔ Stop-Loss: Below €27.90 (under support base and triangle invalidation) 🎯 Upside Targets & ROIC (from €31.58): Target Price Return 🎯 Target 1 €33.84 +7.15% 🎯 Target 2 €39.76 +25.9% 📊 Pattern Probability – Based on Bulkowski: 📐 Pattern: Descending Triangle (short-term breakout) 🔺 Upward breakout probability: ~73% 💹 Measured move confirms Target 2 if volume remains elevated ⚠️ Technical Signals to Watch: 🔎 Strong green candle breaking the triangle → initial confirmation ✅ RSI breakout with no bearish divergence = supports continuation 📈 Volume spike = buyer interest returning 💬 Solvay’s breakout is a classic textbook move off strong horizontal support. This is a high-probability swing setup with tight risk and excellent upside potential. #SOLB #BreakoutSetup #DescendingTriangle #TechnicalPattern #SwingTrade #TargetTraders
EURONEXT:SOLBLong
by TargetTraders
Sideways ChannelLooks like today we have bounced off the midpoint of this channel. Yesterday we dropped, today we rise! Overall, this looks like a very neutral position. Potential for a short gain here up to previous highs with a bounce back down to lows. No one can predict how long we will stay in this channel, but the breakout or breakdown will be very bold and very loud in one direction. As a trend trader, I am looking to a breakup potential right now. If I had to be in a position, it would be long.
COINBASE:BTCUSDLong
by WickNight
Dow Reverses for Pullback, Bullish Case Valid Above 44,400US30 OVERVIEW Dow Jones Maintains Uptrend, Poised for Retest and Potential Extension Dow Jones futures edged up by 69 points early Wednesday, signaling cautious optimism as investors shifted focus away from technology stocks to kick off the second half of the year. The price continued its bullish trend until it reached the resistance zone, then reversed for a correction, falling below 44,630. Remaining below this level could extend the correction toward 44,400, which now serves as key support and pivot line for confirming a bearish trend. As long as the index trades above 44400, the bullish trend remains intact, targeting 44,630, and potentially crossing the resistance zone within 44760 and 44920. Resistance Levels: 44,630 → 44760 → 44920. Support Levels: 44400 → 44120 → 43960.
OANDA:US30USDLong
by SroshMayi
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We said we would stick with the plan and look for the higher levels on Gold, which we did and worked well. Once we approached the red box however, you'll notice we broke straight through it. The indicators then gave us numerous long signals which meant we either got in with the madness of the move, or, simple waited for the red box target to hit and then attempt the short on the RIP, which is moving nicely at the moment. Now resistance is on the flip 3350 with support below 3333-5 which is we're we are looking for a potential bounce. We have made a big move today so not expecting much towards the end of the session. KOG’s bias for the week: Bullish above 3250 with targets above 3278✅, 3285✅, 3297✅ and above that 3306✅ Bearish below 3250 with targets below 3240, 3232, 3220 and below that 3212 RED BOX TARGETS: Break above 3275 for 3279✅, 3285✅, 3289✅ and 3306✅ in extension of the move Break below 3260 for 3255, 3251, 3240 and 3235 in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
GOLD (XAUUSD): Classic Trend-Following Pattern⚠️Gold closed on Tuesday, forming a bullish flag pattern on an hourly chart, indicating a market correction following a strong upward wave. A breakout above the resistance line with a candle close will likely signal a continuation of the trend, with a high probability of the price rising to at least a new higher high. However, keep in mind that the price may respect the trend line multiple times and corrections could be prolonged, which is why we depend on a reliable breakout as a trigger.
CAPITALCOM:GOLD
by linofx1
DeGRAM | XRPUSD in the consolidation zone📊 Technical Analysis ● A liquidity sweep to $2.00 closed back inside the six-week green range, printing a hammer on the rising-channel base—confirming the dip as a spring rather than a breakdown. ● Price is compressing against the purple April trend-cap; each pull-back now holds a higher low, and a box-range measured move projects a pop toward the dotted pivot at $2.34 and the channel median near $2.60 once $2.24 gives way. 💡 Fundamental Analysis ● Derivatives funding has flipped positive and cumulative OI on major venues is up ~10 % since 23 Jun, signalling fresh long positioning ahead of July’s SEC–Ripple status hearing. ✨ Summary Buy $2.10-2.18; breakout above $2.24 targets $2.34 → $2.60. Bias void on a 6 h close below $1.98. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
DeGRAM | USDJPY correction 📊 Technical Analysis ● Monday's rebound above the 4-month falling trend line was quickly repelled, leaving a “false breakdown” candle; price has returned under the line and is now retesting it as resistance around 144.65. ● The rebound also stopped at the top of the triangle and a small bearish flag formed; the height of the pattern points to the 142.80 support band and the broader channel to 139.90 as continuation. 💡 Fundamental analysis ● Softer U.S. core GDP data drove 2-year Treasury yields to two-week lows, reducing the rate differential that favored the dollar. Meanwhile, Japanese officials again warned that they “do not rule out any measures” against excessive yen weakening, raising the risk of intervention and discouraging new long USD/JPY positions. Summary Short 144.4 - 144.65; break below 143.8 targets 142.8 -> 139.9. Bearish view loses strength with a 4-hour close above 145.30. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
GBP/JPY Shifts to Bearish Trend – Key Levels to MonitorGBP/JPY Shifts to Bearish Trend – Key Levels to Monitor The GBP/JPY pair has entered a confirmed bearish trend structure, with the formation of a lower low signaling increasing selling pressure. This technical development suggests the currency pair may continue its downward trajectory in upcoming trading sessions, presenting potential shorting opportunities for traders. Bearish Confirmation The recent lower low formation serves as a classic technical confirmation of bearish momentum. This pattern indicates sellers are successfully pushing prices below previous support levels, establishing a new downward trajectory. The breakdown follows what appears to be exhaustion of the prior bullish trend, with bears now taking control of market direction. Downside Targets The pair now eyes potential support levels at: - 196.300 (immediate target) - 194.300 (secondary objective) These levels may provide temporary support, but a decisive break below could accelerate the decline. Traders should watch for potential bearish continuation patterns or reversal signals around these zones. Key Resistance The 198.900 level now stands as critical resistance. Any corrective rallies toward this zone: - May attract fresh selling pressure - Could offer potential short entry opportunities - Would need to be decisively broken to invalidate the bearish outlook Market Considerations Several factors could influence GBP/JPY's movement: - Bank of England vs. Bank of Japan policy divergence - Risk sentiment in global markets - UK economic data releases Trading Strategy With the bearish structure confirmed, traders might consider: - Short positions on rallies toward resistance - Tight stop-losses above 198.900 - Profit-taking near support levels The bearish outlook remains valid unless price reclaims and sustains above the 198.900 resistance level. As always, proper risk management is essential when trading this volatile currency pair.
Short
by Brillant_Capital
DXY Long-Term Technical Outlook: Channel Structure, Pullbacks & ## **DXY (Dollar Index) Technical Analysis – 2W Chart** ### **1. Uptrend Since 2008** The Dollar Index (DXY) has been in a **long-term uptrend** since the 2008 bottom (around 70.70). The chart shows a clear pattern of **higher highs and higher lows**, establishing a bullish market structure over the past 15+ years. --- ### **2. Ascending Channel** The price has been moving consistently within a well-defined **ascending channel**. Several reactions from the channel boundaries are visible: - **Support (lower trendline):** 2008, 2011, 2018, 2021, 2024 - **Resistance (upper trendline):** 2009, 2017, 2022 This suggests that the market is respecting the technical boundaries of the channel remarkably well. --- ### **3. Historical Pullbacks Within the Channel (13.5% – 15%)** The chart highlights major **pullbacks** from local tops, all falling within the **-12.6% to -16.9%** range, showing high consistency: | Year | Drop | % Decline | |-------------|----------|----------------| | 2009 | -14.76 | -16.47% | | 2010 | -14.97 | -16.90% | | 2017 | -15.17 | -14.61% | | 2020 | -13.65 | -13.25% | | 2022 | -14.90 | -12.98% | | 2024/2025 | -13.90 | -12.61% | This implies that **a retracement of 13–15%** from a local high is a historically "normal" correction within the ongoing uptrend. --- ### **4. EMA Analysis – 24, 120, 240** (2Y,5Y,10Y) The chart includes three Exponential Moving Averages (EMAs), reflecting short-, medium-, and long-term trends: - **EMA 24 (white line):** Reacts to short-term price action. Price is currently breaking below it, suggesting weakness in short-term momentum. - **EMA 120 (red line):** Reflects the mid-term trend. Price is **right at the edge**, often acting as a **support level** in bullish markets. - **EMA 240 (blue line):** Represents the long-term outlook. **Price has never stayed below this level for long** over the past 15 years, making this EMA a **critical support** for the long-term trend. --- ### **Conclusion & Potential Scenarios** 📉 **Bearish Scenario:** If DXY breaks below the **EMA 240** and the **lower channel boundary**, it could indicate a **reversal of the long-term uptrend**, which hasn’t happened since 2008. 📈 **Bullish Scenario:** If DXY holds above the **EMA 120** or bounces from the **EMA 240** and the **channel support**, we could expect a rally toward the **Fibonacci levels** (0.5 at 102.04 or 0.382 at 105.04), or even a retest of the highs around **114.78**.
TVC:DXY
by Aleksin_Aleksandar
BTC/USDT Technical Analysis, 2025-07-01 19:30 UTCA bullish trade opportunity was identified after price action formed a Piercing Line candlestick pattern, signaling a potential reversal from recent lows. 🔹 Technical Overview: Entry Price: 105,869.86 USDT Take Profit (TP): 106,939.86 USDT Stop Loss (SL): 104,669.86 USDT 200 EMA: 106,320.49 USDT (Price is trading below — potential dip-buy opportunity) Pattern Detected: Piercing Line (bullish reversal) 🔹 Volume Context: Recent candles showed moderate volume with signs of buyer interest increasing. OBV trend has turned slightly positive, supporting a short-term bullish case. 🔹 Order Flow: Price action is showing signs of recovery from a local support zone. Some imbalance in the order book tilted toward buyers, with supportive bid liquidity observed. This setup combines trend deviation, bullish price action, and support reaction, creating a favorable risk-to-reward scenario. Trade is now active and being monitored toward the defined TP level, with strict stop-loss protection in place.
Long
by CryptoSignalsChannel
3
The idea is clear, gold falls as expected!The gold market is just as I predicted. I have repeatedly warned everyone not to chase the 3350-3355 line. The technical side needs to step back. Now, it just proves the idea I gave. After gold hit the highest line of 3358, it stepped back to the 3337 line and started to fluctuate. Our 3355 short order plan successfully touched 3340 to stop profit and exit. From the current gold trend, it should fluctuate like this before closing. After the opening, we will step back and go long as planned. Focus on the 3330-3335 line below. If it does not break, we can consider going long. From the current gold trend analysis, pay attention to the 3360-3370 line of pressure on the top, and the short-term support on the bottom is around 3330-3335. Focus on the key support at 3315-3325. Relying on this range as a whole, maintain the main tone of low-long participation unchanged, wait for the pullback to confirm the support and then intervene when the opportunity arises. In the middle position, keep watching and do less, chase orders cautiously, and wait for the entry opportunity after the key points are in place. Gold operation suggestion: go long around 3315-3325, target 3340-3350.
OANDA:XAUUSDLong
by TP_Daniel
BITCOIN STRATED FORMING BEARISH TREND STRUCTUREBITCOIN SHOWS SIGNS OF BEARISH REVERSAL – KEY LEVELS TO WATCH After an extended bullish run, Bitcoin is now showing early signs of a potential trend reversal as the market begins forming a bearish structure. The formation of a lower low on the price chart indicates weakening bullish momentum and suggests that sellers may be gaining control. This development comes after a sustained upward trend, signaling that a corrective phase could be underway in the cryptocurrency market. Bearish Confirmation: Lower Low Formation The appearance of a lower low is one of the most reliable technical indicators of a trend reversal. This pattern demonstrates that bears are successfully pushing prices below previous support levels, establishing a new downward trajectory. While this doesn't necessarily confirm a long-term bear market, it does suggest that Bitcoin could face further downside pressure in the near term. Traders should watch for confirmation through follow-through selling or additional bearish candlestick patterns. Downside Target: $99,000 in Focus If the bearish momentum continues, Bitcoin could test the $99,000 support level in upcoming trading sessions. This level represents a psychologically important zone where buyers may attempt to step in. However, a decisive break below this support could accelerate declines, potentially leading to deeper corrections. Traders should monitor volume and price action around this level for signs of either consolidation or continuation of the downtrend. Resistance Level: $12,000 as Key Barrier On the upside, $12,000 now acts as a critical resistance level. Any short-term rallies toward this zone could attract renewed selling pressure, reinforcing the bearish outlook. For the current downtrend to be invalidated, Bitcoin would need to reclaim and sustain above this resistance with strong buying volume. Until then, traders may consider selling into strength near this level while maintaining tight risk management. Market Outlook: Correction Expected After Prolonged Rally Given Bitcoin's history of volatile price swings, this potential reversal should not come as a complete surprise after its extended bullish run. Market participants should watch for: - Increasing trading volume on downward moves (confirming bearish conviction) - Potential bearish continuation patterns (like descending triangles or flag formations) - Macro factors that could influence crypto markets (regulatory news, ETF flows, or macroeconomic shifts) Conclusion Bitcoin appears to be entering a corrective phase, with $99,000 as the next key downside target and $12,000 serving as major resistance. While the broader uptrend may still be intact long-term, short-term traders should prepare for potential bearish continuation. As always, proper position sizing and stop-loss strategies remain crucial in navigating Bitcoin's inherent volatility. A break above $12,000 would require reassessment of the bearish outlook.
BITSTAMP:BTCUSDShort
by Brillant_Capital
NAS100 Potential ReversalHi there, The NAS100 is slightly bullish and fairly stagnant. It is consolidating between two key levels (orange lines). A break below the price might fall into deeper demand zones. Short Notes - **Elliott Wave**: 5-wave structure appears complete at resistance (22,137.8), signalling a possible reversal. - **Liquidity Zones**: Price is at/near a major liquidity zone, increasing reversal risk. - **Break High**: There's a potential for a false breakout above wave 5 before dropping. - **Support Levels**: The 21,800.6 (previous day high) and 21,146.2 (previous day low) for first support. - **Demand Zones**: Strong demand below 21,146.2, with deeper support near 20,000 and 18,800. - **Overview: A possible bearish move ahead from current highs, targeting lower demand zones. Happy Trading, K. Not trading advice
PEPPERSTONE:NAS100
by Khiwe
1