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Support and Resistance

Gallantt Ispat looking to gallop ahead. Gallant Ispat Ltd. engages in the manufacture of steel and steel products. It operates through the following segments: Agro, Iron and Steel, Power, and Real Estate. Gallantt Ispat Ltd. CMP is 352.55. The positive aspects of the company are Company with Low Debt, Growth in Quarterly Net Profit with increasing Profit Margin (YoY). The Negative aspects of the company are High Valuation (P.E. = 26.7), High promoter stock pledges and Increasing Trend in Non-Core Income. Entry can be taken after closing above 356 Targets in the stock will be 366 and 377. The long-term target in the stock will be 390 and 400. Stop loss in the stock should be maintained at Closing below 334 or 297 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:GALLANTTLong
by Happy_Candles_Investment
Tolins Tyre looking to tilt the scale. Tolins Tyres Ltd. engages in the manufacture and sale of tires & accessories. It’s products include two-wheeler, three- wheelers, light commercial vehicle and agricultural tyres, pre-cured tread rubber and other accessories including bonding gum, tyre flap, vulcanizing solutions. Tolins Tyres Ltd. CMP is 210.97. The positive aspects of the company are Company with Zero Promoter Pledge, The Negative aspects of the company are High Valuation (P.E. = 26.2), Increasing Trend in Non-Core Income. Entry can be taken after closing above 212 Targets in the stock will be 222, 228 and 244. The long-term target in the stock will be 251 and 258. Stop loss in the stock should be maintained at Closing below 193 or 173 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:TOLINSLong
by Happy_Candles_Investment
USDJPY Wave Analysis 23 December 2024 - USDJPY reversed from key support level 156.35 - Likely to rise to resistance level 158.00 USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week). The upward reversal from the support level 156.35 continues the active minor impulse waves iii and 3 – both of which belong to the intermediate impulse wave (3) from the start of December. USDJPY currency pair can be expected to rise to the next resistance level 158.00, the breakout of which can lead to further gains toward 160.00.
Long
by FxProGlobal
SOL/BTC: Ready to Moon or Just Another Dead Cat Bounce?Currently, Solana (SOL) is trading at 0.0020324 BTC, showing a slight dip of about 0.09% from the previous close. The intraday high hit 0.0022316 BTC, with a low of 0.0021739 BTC. After a prolonged downtrend since mid-2021, SOL/BTC has pulled back to a major support level at 0.0018772 BTC. With Bitcoin experiencing a downturn and potential sideways movement, this could be an opportune moment to consider a long position on SOL. A breakout above the downtrend line around 0.0026467 BTC could signal a rapid move toward the previous all-time high near 0.0039607 BTC. As always, this isn't financial advice; just one ape's opinion.
Long
by chartzard1337
Risk-Managed Option Selling Strategy: Nifty50 23900 CallMarket Outlook: I hold a highly bearish view on the Nifty50 23900 Call Option with an expiry date of 26th December 2024. This outlook is based on a detailed analysis of market trends and proprietary indicators. Entry and Stop-Loss Levels: Entry Level: Ready to sell the 23900 Call option at or above ₹142.40. Stop-Loss: Maintain a strict stop-loss at ₹202.10 to manage risk effectively. Additional Criteria: This strategy involves a specific criterion that is integral to trade execution but will not be disclosed openly. Risk Management: This strategy is designed with a focus on controlling potential losses through predefined stop-loss levels. Option selling involves substantial risk, including the possibility of unlimited losses. Therefore, ensure appropriate margin and capital allocation based on individual risk tolerance. Disclaimer: This strategy is shared for informational purposes only and does not constitute financial advice. Options trading involves high risk and may not be suitable for all investors. Always conduct your own research or consult a certified financial advisor before executing trades. Past performance is not indicative of future results.
NSE:NIFTYShort
by IndexAce
HOOD 5/10/2022HOOD This HOOD will be snipped HOOD is currently in an existing downtrend. I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since. April ’22, price broke down from range signaling continuation of downtrend. Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance. MACD is in bearish territory and has also cross its signal bearish. This is my cue to enter trade short. Entering trade short. Entry: 9.27 Stoploss: 11.23 Target: 6.58, +28.85%, 1.35 RR ratio
NASDAQ:HOODShort
by rudcharts
ORCL 6/7/2022ORCL ORCL entered a Sideways range Sept.’21 after trend was broken. The sideways trend lasted until Jan’22 Jan.’22, price broke down from range. The sideways range was deemed a Distribution stage. A downtrend was to follow. On the breakdown, price made a low of 72 and we also saw a death cross between 50 and 200 ema. This further confirmed the bearish conditions. After a pullback to resistance, price made another move down and broke below the low of 72 and made a lower low at 66. The Downtrend has now been confirmed. Currently, price has pulled back to the previous low of 72. Yesterday’s candlestick closed as a shooting star at this resistance level. This will be my cue to enter trade short. Entering trade short Entry: 72.86 Stoploss: 77.07 Target: 61.15, 16.07%, 2.78 RR ratio
NYSE:ORCLShort
by rudcharts
FL 9/14/2022 FL Daily chart analysis FL has been in a downtrend for quite some time now. It has now pulled back to the downtrend line it has created. This area will be considered an area of value. We have stochastic reading just coming down from overbought We also have the MACD just crossing under its signal. Downtrend + Overbought stochastic + Pullback to area of value = Short trade entry Entering trade short Entry: 37.53 Stop loss: 41.92(-11.70%) Target: 24.76, +34.03%, 2.91 RR ratio
NYSE:FLShort
by rudcharts
6
GME 8/23/2022GME Why hasn’t #Wallstreetbets save their fanboys? GME Weekly chart analysis Let’s compare 2021 vs 2022 Pretty clear and straight forward. 2021 Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65. Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55. These Lower highs into support area displayed the weak buyer pressure by bulls. A bearish Descending Triangle was formed. After 10 months of failing to break a high, in Nov.’21 Bulls did the unexpected and “broke out” of the Triangle looking to continue the previous up-move. This “Breakout” was short lived as the pressure from the sellers overwhelmed the buyers. Price was shot back down below Triangle breakout point. The “breakout” move was deemed a “False breakout/Price rejection”. In Dec.’21, the false breakout was followed by price breaking down below Support area @ 37.95-45.55 and the 50 ema. This is the 1st time since Aug.’20 that price falls below and lost Support of 50ema. All of 2021 was spent by the Bulls/Buyers trying to fight off the Bear/seller pressure and trying to stay above Support area @ 37.95-45.55 and the 50 ema. They were systematically broken down and eventually overwhelmed and conquer by the Bears/Sellers. 2022 After breaking down from Support area @ 37.95-45.55 and the 50 ema, by end of Jan.’22 price made a Lower Low and found new Support @ 22.20. From Support @ 22.20, price bounced are looked to break back above Support area @ 37.95-45.55 and the 50 ema. Price failed to stay above previous Support and was rejected back down to 22.20. Support area @ 37.95-45.55 and the 50 ema were turned into Resistance area/level. Price bounced one move time from Support @ 22.20 to Support turned Resistance area @ 37.95-45.55. We have a Price rejection pattern here. This is cue to enter trade short. The Bulls/Buyers have spent all of 2022 moving sideways between new Lower Low/Support level @ 22.20 and previous Support turned Resistance area @ 37.95-45.55 and the 50ema. After a hot 2 weeks in Jan.’21 that saw price fly from 9.75 to 120.65, GME has now spent 81weeks moving side-ways with the Bears/sellers systematically breaking down the Bulls/Buyers. Now with the 2nd price rejection @ Resistance area @ 37.95-45.55 and the 50ema, Bears will look to move price back down to Support @ 22.20 and then breakdown to Support area @ 9.75. Why hasn’t #Wallstreetbets put their powers together again and save the bleeding out GME bag holding fanboys still talking about “going to the moon”? Sad to see them let the fanboys over @ AMC get cooked earlier this week. With extreme bear conditions and price siting at “area of value”, I will be entering trade short. Short term trade Entry: 33.53 Stop loss: 22.20(-22.98%) Target: 22.20, +33.93%, +1.48 RR ratio Long term trade Entry: 33.53 Stop loss: 52.50(-56.76%) Target: 10.00, +70.14%, +1.24 RR ratio
NYSE:GMEShort
by rudcharts
Below is a quick, high-level read on what the chart suggests for1. Recent Downward Momentum Price has clearly dropped from a swing high (around the mid‑21,400s to 21,480 area) and is now trading in the low 21,300s. The series of lower highs on the way down suggests near-term bearish pressure or at least a corrective pullback. 2. Key Support Zones There’s a notable support band around 21,280 – 21,250 (green boxes/lines on your chart). This area appears to have propped the market up once already. Below that, the next region of interest is near 21,200 – 21,180, which may act as a secondary support if the first zone fails. 3. Overhead Resistance Near-term resistance looks to be the 21,360 – 21,400 zone. The market rejected in that region not long ago. A break and hold above 21,400 could indicate buyers are regaining control, potentially setting up a run toward prior swing levels in the 21,450–21,480 range. 4. Volume Profile Observations There’s heavier volume around the mid-21,200s and again in the upper 21,300s/21,400 region. These are likely to remain “hot spots” where price may stall or pivot due to heavier trading activity. The 21,250–21,280 band also shows a fair amount of transactional volume, reinforcing that support zone. 5. Short-Term Bias As long as price stays below the 21,360–21,400 ceiling, the immediate tilt is mildly bearish or consolidative, leaning negative. If bulls manage a strong push above 21,400, it would suggest short-term buyers are stepping in; failing that, watch for a retest of the 21,250 zone or potentially the 21,200 handle. Bottom Line Short-Term Bearish Bias: Lower highs and a clear downward swing off recent highs. Immediate Supports: 21,280 → then 21,250 → deeper support near 21,200. Immediate Resistances: 21,360 → 21,400 → beyond that, 21,450+. Keep an eye on how price reacts at those volume-rich zones—if momentum breaks above 21,400, that could quickly shift sentiment more bullish in the immediate term. If support near 21,280/21,250 fails, expect a further leg down.
CAPITALCOM:US100
by peteramner
Nasdaq Futures: Pre-Holiday Moves and Key Trading ZonesStart your week with a detailed analysis of Nasdaq futures for Monday, December 23, 2024. With the holiday season upon us, expect reduced volatility and volume, but opportunities still abound. Here's what you'll gain: 📈 Long Opportunities: Key zones like 21,560–21,630 and 21,300, targeting moves toward 21,880. 📉 Short Setups: Areas to watch include 21,560 and 21,720, with potential drops to 21,300. 📊 Market Insights: Analysis of the post-FED movements and strategies for trading during low-volume periods. Whether you're looking to trade longs or shorts, this video breaks down the actionable zones and strategies for the day. 🔗 Subscribe now for expert market insights, daily trading strategies, and exclusive content. Take your trading to the next level today!
CME_MINI:MNQH2025
by BinvestorsTrading