Get started

Support and Resistance

XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term. I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned. XAUUSD: BUY 3292-3282 TP 3320. SL 3265
TVC:GOLDLong
by WIN_Ludvig
USD/CHF Rally Threatens ReversalThe July opening range broke to the topside on the heels of yesterday’s FOMC rate decision and takes USD/CHF back above the 25% parallel- a weekly close back above the April lows at 8040 tomorrow would suggest a more significant low is in place / a larger reversal is underway. Look for initial support near 8103 today for guidance. Initial topside resistance objectives eyed at the 1.618% extension of the monthly advance and the 61.8% retracement of the May decline at 8222/46 backed by the median line, currently near the 83-handle. Key lateral resistance stands at 8380-8416- a region defined by the 38.2% retracement of the yearly range, the 2024 low-close, the 2023 low-week close (LWC) and the 2024 yearly open (an area of interest for possible topside exhaustion / price inflection IF reached). Support rests at the yearly LWC at 7946 with a break / close below 7881 needed to mark resumption of the broader multi-year downtrend. Subsequent support objectives seen at the 2011 LWC at 7769 and the 2011 low-close at 7669. Bottom line: USD/CHF is threatening a larger reversal within the broader downtrend. From a trading standpoint, losses would need to be limited to 8040 IF price is heading higher on this stretch with weekly close above 8103 on Friday needed to keep the immediate advance viable into the August open. -MB
by FOREXcom
1
ADA Correction Nearing Completion — Is It Time to Load Up?After tagging the golden pocket resistance zone between $0.9208–$0.9527, ADA completed a clean 5-wave Elliott impulse right into a major resistance. Since then, price has corrected -25%, and we’re now likely nearing the end of an ABC correction — the final wave C. 🧩 Technical Breakdown ➡️ Wave A: 5-wave drop after the peak ➡️ Wave B: Bounce rejected at yearly open (yOpen) — that was a great short opportunity around $0.845 ➡️ Wave C: Now working toward completion 🎯 C Wave Target Zone: $0.69–$0.65 This zone has strong confluence: 0.618 Fib retracement of the entire 5-wave move at $0.6732 1.0 TBFE (Trend-Based Fib Extension) aligns perfectly Sell-side liquidity (SSL) 0.786 Fib Speed Fan support Monthly 21 EMA/SMA adding a final confluence layer 🟢 Long Setup Entry Zone: $0.69–$0.65 (ladder in) Stop Loss: Below the monthly 21 EMA/SMA ($0.6) Target 1: mOpen key resistance Target 4: 0.666 Fib at ~$0.95 Risk:Reward: ~1:4+ 💡 Educational Insight After a 5-wave impulsive move, ABC corrections are common. Using the Trend-Based Fib Extension tool to project wave C, especially when paired with liquidity zones, VWAP, or moving averages, helps pinpoint high-probability reversal zones. It’s about confluence and reaction — not prediction. 🔍 Indicators For this analysis, I’m using my own indicators DriftLine – Pivot Open Zones and MFT MA Support/Resistance Zones both available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
Aurizon Holdings Ltd Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Notes On Session # Aurizon Holdings Ltd Quote - Double Formation * #(1st. Reference)) | Subdivision 1 * #(2nd. Reference)) | Completed Survey * 131 bars, 183d | Date Range Method - (Uptrend Argument)) - Triple Formation * (P1)) / (P2)) & (P3)) | Subdivision 2 * Daily Time Frame | Trend Settings Condition | Subdivision 3 - (Hypothesis On Entry Bias)) | Indexed To 100 * Stop Loss Feature Varies Regarding To Main Entry And Can Occur Unevenly - Position On A 1.5RR * Stop Loss At 82.00 GBP * Entry At 86.00 GBP * Take Profit At 94.00 GBP * (Uptrend Argument)) & No Pattern Confirmation - Continuation Pattern | Not Valid - Reversal Pattern | Not Valid * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:AZJ.AULong
by TradePolitics
Wizz Air Holdings PLC Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Notes On Session # Wizz Air Holdings PLC Quote - Double Formation * Stop Loss - *(Range Allocation)) | No Size Up | Subdivision 1 * (Zone Feature)) | Completed Survey * 265 bars, 371d | Date Range - Triple Formation * (P1)) / (P2)) & (P3)) | Subdivision 2 * Daily Time Frame | Trend Settings Condition | Subdivision 3 - (Hypothesis On Entry Bias)) | Indexed To 100 * Stop Loss Feature Varies Regarding To Main Entry And Can Occur Unevenly - Position On A 1.5RR * Stop Loss At 60.00 GBP * Entry At 53.00 GBP * Take Profit At 44.00 GBP * (Downtrend Argument)) & No Pattern Confirmation - Continuation Pattern | Not Valid - Reversal Pattern | Not Valid * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:WIZZ.GBShort
by TradePolitics
Narayana Hrudayalaya can turnaround from trendline. Narayana Hrudayalaya Ltd. engages in the provision of medical and health care services. It also provides services in the areas of cardiac surgery, cardiology, diabetes and endocrinology, gastroenterology, general surgery, neurosciences, facial surgery, nephrology, obstetrics and gynecology, orthopedics, oncology, pediatrics, transplant, urology, and vascular surgery; and other specialty services, such as dental, dermatology, emergency medicine, ears, nose, and throat, family medicine, general medicine, and genetic. NH Closing price is 1945.50. The positive aspects of the company are Companies with Zero Promoter Pledge, Company able to generate Net Cash - Improving Net Cash Flow for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 50.6), Stocks Underperforming their Industry Price Change in the Quarter, Increasing Trend in Non-Core Income, PEG greater than Industry PEG and MFs decreased their shareholding last quarter Entry can be taken after closing above 1950 Historical Resistance in the stock will be 2015, 2063 and 2098. PEAK Historic Resistance in the stock will be 2148, 2195 and 2269. Stop loss in the stock should be maintained at Closing below 1863 or 1648 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NHLong
by Happy_Candles_Investment
Ultratech can bounce back from Motherline support. UltraTech Cement Ltd. is a holding company, which engages in the provision of manufacture and sale of cement and cement related products. UltraTech Cement Ltd. Closing price is 12113. The positive aspects of the company are Companies with Zero Promoter Pledge, Companies with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are high Valuation (P.E. = 51), Stocks Underperforming their Industry Price Change in the Quarter, RSI indicating price weakness, Increasing Trend in Non-Core Income and Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 12136 Historical Resistance in the stock will be 12324 and 12531. PEAK Historic Resistance in the stock will be 12725 and 13023. Stop loss in the stock should be maintained at Closing below 11798 or 11492 depending upon your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:ULTRACEMCOLong
by Happy_Candles_Investment
John Wood Group PLC Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Notes On Session # John Wood Group PLC Quote - Double Formation * (100 EMA )) - *Upper Band Feature | Subdivision 1 * (Zone Feature)) | Completed Survey - 222 bars, 312d | Date Range - Triple Formation * (P1)) / (P2)) & (P3)) | Subdivision 2 * Daily Time Frame | Trend Settings Condition | Subdivision 3 - (Hypothesis On Entry Bias)) | Indexed To 100 * Stop Loss Feature Varies Regarding To Main Entry And Can Occur Unevenly - Position On A 1.5RR * Stop Loss At 32.00 GBP * Entry At 10.00 GBP * Take Profit At 5.00 GBP * (Downtrend Argument)) & No Pattern Confirmation - Continuation Pattern | Not Valid - Reversal Pattern | Not Valid * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:WG.GBShort
by TradePolitics
GrainCorp Ltd Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Notes On Session # GrainCorp Ltd Quote - Double Formation * (A+ SIgnal)) | Subdivision 1 * Stop Loss - *Medium Range | No Size Up | Completed Survey - 280 bars, 392d | Date Range - Triple Formation * (P1)) / (P2)) & (P3)) | Subdivision 2 * Daily Time Frame | Trend Settings Condition | Subdivision 3 - (Hypothesis On Entry Bias)) | Indexed To 100 * Stop Loss Feature Varies Regarding To Main Entry And Can Occur Unevenly - Position On A 1.5RR * Stop Loss At 77.00 AUD * Entry At 81.00 AUD * Take Profit At 88.00 AUD * (Uptrend Argument)) & No Pattern Confirmation - Continuation Pattern | Not Valid - Reversal Pattern | Not Valid * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
PEPPERSTONE:GNC.AULong
by TradePolitics
Nifty August 1st week analysisThe Nifty index looks positive for the upcoming week, despite global uncertainties and tariffs. This is a bold take, but my chart analysis supports it. The charts do not indicate a fall below 24,200 in the coming week. Three short-covering levels are marked: 24,448, 24,339, and 24,215. On the upside, a key level to watch is 24,635. If Nifty crosses and sustains above 24,635, we can expect upward momentum to continue toward 24,900–25,000. All levels are marked in the chart posted.
NSE:NIFTYLong
by IshanMathur05
Reverse cup and Handle kind of structure formed in NiftyIn the short term time frame Nifty is seen to be forming reverse cup and handle kind of structure this is considered very bearish structure. However for this bear fest to manifest Nifty needs to close below 24543 or 24417. These 2 levels can save Nifty if not we will see it going into the bear grip. Thus the most important supports for Nifty remain at 24543 and 24417. Below this level the supports for Nifty will be at 24248, 23989, 23789 and finally major support are is near 23442. Important resistance areas for Nifty remain at 24652, 24821 (Mother Line Resistance), 24935, 25011 (Father Line Resistance), 25101 and finally 25249. Above 25249 Bulls can become very active. Till the trade deal chess board and Tariffs do not relent or there is some other very important positive news Nifty will remain under pressure. Let us hope that 24253 or 24417 save us. Long term outlook on Nifty still remains positive. Long term investors should look at the tariff related event as a news that will slowly subside and give way to the Bullish outlook which has been prevailing in the market for decades all together. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
#ETH Update #6 – Aug 02, 2025#ETH Update #6 – Aug 02, 2025 Although Ethereum may seem like it has dropped significantly, it still hasn’t completed the correction of its last impulsive move. If we are to say a proper correction is happening, Ethereum must pull back to the $3,300 zone. If it continues upward without reaching this level, the risk of a deeper retracement increases. That’s why it would be much healthier for Ethereum to extend this pullback and complete the correction around $3,300. If this correction is completed, the next target will be around $4,450. There is also an imbalance zone around $3,300, and since the price is already close, it might aim to fill that as well — possibly even reaching down to the $3,200 level. Contrary to much of the current market sentiment, Ethereum is heading toward a correction in a very healthy manner, and I believe completing this move would be the best scenario.
by BTCETH2X
Learning#04 : PDH & PDL🎯 Learning#04 : PDH & PDL - The 2 Levels Every Intraday Trader Must Watch Turn Yesterday’s Levels into Today’s Profits – PDH/PDL Playbook In intraday trading, simplicity often beats complexity. You don’t always need fancy indicators, dozens of lines, or complicated systems. Sometimes, two levels are all it takes to stay in sync with the market: 👉 Previous Day’s High (PDH) 👉 Previous Day’s Low (PDL) These levels may look basic, but they carry psychological weight and often mark where real action — and opportunity — unfolds. Let’s break it down into a practical strategy you can start using as early as tomorrow morning 👇 🧠 What Are PDH and PDL? PDH = The highest price the market reached yesterday PDL = The lowest price the market reached yesterday That’s it. No calculations. No indicators. Just two simple levels from the previous session. But here’s why they matter: They’re visible to everyone — retail traders, institutional desks, even algo systems. These are “memory zones” where the market often reacts — bouncing, breaking, or trapping traders in fakeouts. Think of them as psychological boundaries. When price approaches these levels, traders ask: “Will it break or bounce?” That hesitation — that moment of decision — is your opportunity. ⚡ Why These Levels Work So Well ✅ They’re objective — no subjectivity involved. Anyone can mark them. ✅ They’re reaction zones — price often stalls, breaks, or rejects here. ✅ They reflect sentiment — how price behaves around them reveals market strength or weakness. PDH and PDL often act like turning points — or springboards for continuation. The key is in reading how price behaves when it gets there. 📊 3 Smart Ways to Trade Around PDH/PDL Let’s look at three powerful setups based on how price behaves near these levels: 1️⃣ Rejection at PDH or PDL (Classic Reversal) This is the simplest setup — and one of the most effective. When price tests PDH or PDL but fails to break, it often leaves signs: Long upper/lower wicks Rejection candles (like pin bars or inside bars) Sudden volume drop 💡 Example: Nifty rallies to PDH at 22,180, prints a long upper wick, then forms a red candle closing below. That’s a reversal clue. You could enter short below the rejection candle, with a stop just above the high and a target near VWAP or mid-range. 🎯 Why this setup works: Tight risk. Logical context. High clarity. 2️⃣ Breakout and Retest (Trend Continuation) If price breaks through PDH/PDL with strength, don’t chase it. Wait for price to pull back and retest the level. If PDH was broken, wait for a bullish retest — former resistance becomes support. If PDL was broken, wait for a bearish retest — former support becomes resistance. 💡 Example: BankNifty breaks PDH, pulls back, then prints a bullish engulfing candle right at the level — confirmation to go long. 📌 This setup works best on trending days and offers cleaner entries than chasing breakouts. 3️⃣ The Failed Breakout (Trap Setup) One of the most high-probability setups — and one that traps many. Here’s how it plays out: Price breaks PDH/PDL But immediately snaps back inside the range Traders who chased the breakout are now trapped 💡 Signal to watch: A candle closes above PDH, followed by a candle that closes back below — that’s your short signal. Reverse for long setups around PDL. 🚨 Even more effective when the breakout happens on low volume — no real conviction behind the move. 🔧 Tools That Amplify These Setups These setups work great with a clean chart — but a few tools can boost your edge: VWAP: Check if price is extended or supported near PDH/PDL. When VWAP aligns with these levels — confluence zone! Candlestick patterns: Look for pin bars, inside bars, or engulfing patterns at the level. Opening range: If price breaks PDH/PDL early in the day, especially within the first 30 minutes, it signals directional intent. Volume: Strong breakouts need volume. Weak volume = likely fakeout. 🔑 Remember: You don’t trade the level — you trade the reaction at the level. ✅ Why This Simple Strategy Works Don’t underestimate the power of PDH and PDL. These levels: Show where emotions exist — greed and fear often play out here. Create natural reaction zones — ideal spots for clean entries and exits. Let you trade with structure, not guesswork. Instead of chasing price all day, do this: Mark PDH and PDL Wait for price to approach the zone Watch how it behaves React with a plan — not emotion ✨ Simple, repeatable, and highly effective — if you stay patient and disciplined. ✍️ Final Thoughts In a world full of overcomplicated strategies, PDH/PDL trading is a refreshing reminder that clarity often comes from simplicity. These levels won’t give you 10 trades a day — but they will give you high-quality, context-driven opportunities that align with how real price and volume work. See you in the next one — and until then: Keep it simple. Trade with structure. Trust the levels. — Kiran Zatakia
NSE:NIFTYEducation
by kzatakia