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Support and Resistance

Nifty on the verge of Trendline Breakout. There is a major possibility of a Trendline Breakout amidst the rumblings on conflict with enemy nations. The main reason for Market rally today was Superb results posted by Reliance and a rally in PSU, Capital goods and defense related stocks. A lot of stocks that were oversold in the knee-jerk reaction on Friday also tried to catch-up. As the situation on the border remains tense we can have a sudden major decline as a reaction to the Geo-Political proceedings. Thus investors are asked to remains cautious and not to carry heavy derivative positions overnight. Even in the eventuality of a war actually happening one think of remaining invested in companies that can bounce back faster once the situation de-escalates. Major Supports for Nifty on daily chart now remain at: 23988, 23708, 23415 (Major Father line support), 23325 (Major Mother Line Support) in case of Mother and Father line failing Bears can drag Nifty further down to 22875, 22142 and 21844. Major Resistances For Nifty remain at: 24359 (Major Trend line resistance), 24538, 24816 (Is another major resistance on Fibonacci scale), If we get a closing above 24816 Nifty can easily flow towards 25183, 25399 and 25603. 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
Bullish Technical Analysis for FIL/USDT📈 **Bullish Technical Analysis for FIL/USDT** Current Price: **2.769 USDT** ✨ FIL is showing signs of a potential breakout from the previous bearish trend, as indicated by the upward price path and key target levels. 🎯 **Target Levels:** 1️⃣ **3.601 USDT** 2️⃣ **4.926 USDT** 3️⃣ **8.496 USDT** 🔍 **Key Observations:** - **Resistance Lines:** The green trendline and resistance at **3.601 USDT** are critical for confirming the bullish momentum. - **Volume Bars:** Increasing trading volume suggests growing interest and demand. - **Stop-Loss Zone:** Positioned below **2.301 USDT** for risk management. - **Profit Zones:** Highlighted in green, pointing to potential rewards for upward movement. ⚡ **Our Analysis:** If FIL successfully breaks the resistance line and maintains volume, it could aim for higher targets, with the first milestone at **3.601 USDT**. Continuation of the bullish trend could drive prices to subsequent levels. 📢 What's your take on FIL's bullish potential? Share your thoughts below! 🚀
Long
by Amirsohey
DeGRAM | BTCUSD Large Investors Show Interest Through ETFs📊 Technical Analysis BTC remains above $85 000 and holds the $91 500 level, so targets remain $98 000 and $108 000. 💡 Fundamental Analysis • US spot-ETFs drew $442 M on Apr 24. • Network hashrate hit a 1 ZH/s ATH, underscoring record security. • Major players are withdrawing Bitcoin from exchanges. • MicroStrategy added 11 k BTC. • DXY is at 3-year lows and yields are down. • Post-halving issuance may meet only 20 % of ETF demand. • Latin-American remittance use keeps expanding. ✨ Summary Surging ETF inflows, record hashrate, shrinking float and broader adoption reinforce the bullish breakout, favouring a move to 98-100 k while BTC stays above 91 500 USDT. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
Bullish Technical Analysis for CHZ/USDT📈 **Bullish Technical Analysis for CHZ/USDT** Current Price: **0.04161 USDT** ✨ CHZ shows signs of strengthening its bullish trend after surpassing the key resistance level at **0.04500 USDT**. 🎯 **Potential Bullish Targets:** 1️⃣ **0.06300 USDT** 2️⃣ **0.11511 USDT** 🔍 Indicators: - **RSI**: Signals a move into the bullish zone. - **Trading Volume**: Increasing, indicating strong demand entering the market. ⚡ Our Analysis: If the resistance level is successfully broken and supported by increased trading volume, CHZ is likely to move towards the mentioned targets. 🚀 📢 Do you agree with the bullish trend for CHZ? Share your thoughts below! 👇
Long
by Amirsohey
S&P 500 Rally Exhausted? Watch This Level for the Next Drop!The S&P 500 Index( SP:SPX ) has finally touched the Resistance zone($5,680-$5,500) as I expected in my previous post . The S&P 500 Index is moving near the Resistance zone($5,680-$5,500) , the Resistance line, and Yearly Pivot Point . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Elliott Wave theory , it seems that the S&P 500 Index is completing the Zigzag Correction(ABC/5-3-5) , and if the uptrend line breaks , we can confirm the end of the Zigzag correction . When the S&P 500 Index started to rise on April 22 , Bitcoin also started to rise at the same time , so a decline in the S&P 500 Index can cause Bitcoin ( BINANCE:BTCUSDT ) to decline . I expect the S&P 500 Index to drop to at least $5,313 AFTER breaking the uptrend line . Note: If the S&P 500 Index touches $5,712, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD),2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:SPX500USDShort
by pejman_zwin
11
DeGRAM | GOLD Held Support Level📊 Technical Analysis Gold’s slide paused at $3 315; holding here keeps $3 500 – 3 520 in play. 💡 Fundamental Analysis • PBoC has been buying for 5 months in a row. • WGC expects strong demand from central banks in 2025. • Trade wars, tensions in the Middle East and South Asia are causing risks that are increasing demand for gold. • IMF warns new tariffs could slow growth, boosting safe-haven bids. • Western ETFs had bought ≈240 t by mid-April. • DXY is at 3-year lows and yields are down. ✨ Summary Strong central-bank buying, renewed ETF inflows, softer USD yields and rising geopolitical risk align with chart support, favouring a rebound toward $3 500 – 3 520 while $3 315 holds. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
6
DeGRAM | EURUSD Under the Upper Limit of the Range📊 Technical Analysis EURUSD formed a bearish takeover and returned under the trend line. Trading below $1.1405 leaves the potential to reach $1.12. 💡 Fundamental Analysis Germany cut its 2025 growth outlook to near-zero as tariff uncertainty bites. ✨ Summary Weak eurozone data and Trump's tariffs imposition provide a technical basis for a fall towards $1.12. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to continue upside into the region given which gave us a fantastic capture for the start of the week. We then had to adapt as the bias level and targets on the red box indi changed suggesting more upside. We continued to complete all our bias above targets as well as Excalibur and LiTE giving us 100% again for the week! It wasn’t easy as it sounds, it took a lot of work and constant monitoring but the pip capture on gold was out of this world and well worth it! So, what can we expect from the week ahead? For this week we seem to be creating a DB on the 4hr chart which entails caution. We have resistance just above at the 3330-35 with extension 3240-45 region which if attacked and rejected in the early session could give the potential short trade into the support level 3295-8 which is the key level that needs to break for us to go lower. There is a lot of liquidity above, especially those who like us shorted and held trades from the 3450 levels so the bias this week changes to the 3350-55 level, break above and we will confirm the move higher, otherwise, our thoughts are a test is likely on the high but we would like to get that long from lower to again create a new ATH. Let’s see how we open, these markets need to be adapted to every day so making long terms plans as intra-day traders isn’t on our agenda at the moment. The market is giving short term, so why not take advantage of the conditions while they last. Potential for gaps on open so please be careful, we’re on red boxes and extreme levels only. RED BOXES INDI LEVELS: Break above 3320 for 3327, 3330, 3335, 3345, 3347 and above that 3362 in extension of the move Break below 3310, for 3306, 3297, 3295, 3280, 3266 and 3255 in extension of the move Even the scalping levels are HUGE! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
30
XMR: I was there, Gandalf. I was there 3000 years ago...In the crypto space, it's quite difficult to talk about long-term trading because very few coins actually survive for a long time and continue to show cyclical dynamics. But when such coins do appear, their setups can be published in a textbook on technical analysis. On the weekly chart, we see a formed Wyckoff accumulation structure with almost all the features inherent to this structure on the chart. We can see how smart money accumulated their positions from mid-2022, conducted a local rally in early 2023, thus forming a range in which we have been for almost 2 years . This was possible due to the negative sentiment around the coin (tightening regulatory screws, delisting from a number of exchanges, including Binance on February 20, 2024 ) and the lack of speculative hype around XMR. However, the price has now broken out of the range and confidently consolidated above it, and right now there is a good opportunity in terms of Risk/Reward to go long on XMR. It should be noted that the trade will be positional, with a horizon of more than 6+ months. However, the wait may be justified because the volume profile on the chart does not illustrate large "walls," i.e., potential seller pressure across the entire price range up to the ATH . KRAKEN:XMRUSD
KRAKEN:XMRUSDLong
by trolldead
1
Nifty Analysis EOD - 28th April 2025🟢 Nifty Analysis EOD - 28th April 2025 🔴 Nifty almost retraced 25th April’s fall — Back to Square One... What Next? 📈 Market Summary Nifty almost retraced 25th April’s fall — Back to Square One... What Next? As highlighted in previous sessions, the 24,330 ~ 24,360 zone once again proved to be a crucial resistance. Today, along with the past three sessions, we observed Nifty struggling to breach this wall — a fact clearly visible on the 75-minute time frame chart. Now the big question: ➡️ Tomorrow, can Nifty decisively breach 24,365 and sprint towards 24,500? Well, time will answer, but we must stay prepared for moves on either side. Intraday Walk: Nifty opened with a gap-up above the psychological 24,000 level at 24,070. With a slow yet steady bullish pace, it hit a high of 24,355. After touching this critical resistance, it spent almost 2 hours consolidating in the same zone. Finally, it closed at 24,312, defending most of its intraday gains — a strong show of resilience by the bulls. 🕯 Daily Candle Structure Today's Candle: 🟢 Strong Bullish Candle (Almost a Marubozu) Open: 24,070.25 High: 24,355.10 Low: 24,054.05 Close: 24,328.50 Change: +289.15 points (+1.20%) Key Observations: The session opened slightly above yesterday’s close and dipped just marginally. Buyers took charge from the very beginning, consistently pushing the index higher. Close near the day's high signals robust bullish momentum. The candle has a tiny lower shadow and minimal upper shadow, indicating persistent buying throughout the day. What It Implies: Clear bull dominance. Willingness among buyers to step up even at higher levels. If external cues remain supportive, momentum could continue into the next session. 🛡 Gladiator Strategy Update ATR: 344.11 IB Range: 182.1 (Medium IB) Market Structure: Balanced Trade Highlights: 1st Trade: Long Entry triggered at 10:05 AM — SL Hit 2nd Trade: Long Entry triggered at 11:25 AM — 1:2 Target Achieved Additional Trade (Discretionary Contra): Short Entry at 14:15 PM — 1:1.4 Target Achieved 🧾 Index Performance Snapshot Nifty 50: +289 Points (+1.20%) Bank Nifty: +768 Points (+1.41%) Nifty 500: +254 Points (+1.16%) Midcap: +870 Points (+1.62%) Smallcap: +130 Points (+0.78%) 📍 Key Levels to Watch Resistance Zones: 🔹 24,330 ~ 24,360 (Immediate hurdle) 🔹 24,480 ~ 24,540 (24,500 psychological level inside this zone) 🔹 24,800 Support Zones: 🔹 24,190 ~ 24,225 (Immediate support) 🔹 24,120 🔹 24,050 🔹 24,000 ~ 23,950 🔹 23,820 🔹 23,710 ~ 23,660 🔹 23,500 🔹 23,410 ~ 23,370 🔹 23,215 🎯 Final Thoughts "Structure is key. When levels work, respect them. When they break, adapt." The current structure indicates bulls have made a strong comeback, but remember — 24,330 ~ 24,360 remains the battleground. Only a decisive breakout above can ignite a rally towards 24,500+. Otherwise, we stay watchful for possible reversals. Stay sharp, stay prepared! ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Skeptic | EUR/USD 4H Range Breakout: Key Long & Short TriggersEUR/USD on the 4-hour timeframe is currently trapped in a consolidation box, where a breakout above the ceiling or below the floor could provide excellent trading opportunities. I’m Skeptic , and in this analysis, we’ll dive into EUR/USD across multiple timeframes to identify key long and short triggers. Stick with me until the end for a complete breakdown! 🚀 Daily Timeframe: Uptrend Context 🟢 On the daily chart, EUR/USD remains within an uptrend channel , maintaining a bullish major trend. Recently, after hitting the channel’s upper resistance, the pair corrected toward the midline, a critical support zone within the channel. However, the reaction at the midline lacked strong bullish momentum, leading to a 4-hour range consolidation . This could signal the end of the correction, potentially setting the stage for a continuation of the downmove toward the lower channel boundary. 4-Hour Timeframe: Range Dynamics 🔍 On the 4H chart, EUR/USD is oscillating between 1.13904 (resistance) and 1.13153 (support) . A key observation: after the initial bounce from the 1.13153 support to 1.13904, subsequent tests of this support failed to push back to 1.13904. This indicates waning buyer strength at the 1.13153 support, increasing the likelihood of a breakout below. Additionally, while bullish candles in this range are larger, we’re seeing smaller, frequent green candles, suggesting buyer exhaustion within the box. For traders eyeing a short setup , this weakening support at 1.13153 offers a compelling opportunity. You can take on slightly higher risk by placing a sell-stop order below 1.13153 instead of waiting for a confirmed breakout candle (this is my personal approach). A short trigger would be validated by a break below 1.13153, with RSI entering oversold as a strong confirmation. Short targets: 1.12692, with a potential extension to 1.12006. For a long setup , a breakout above 1.13904 could signal a resumption of bullish momentum, targeting the upper channel boundary on the daily chart. Wait for a confirmed breakout before entering long to avoid false signals. DXY Correlation: Additional Confirmation 📈 Let’s also consider the US Dollar Index (DXY). After a recent rally, DXY has entered a time-based correction, visible as a pullback to a descending yellow trendline. A break below DXY’s support at 99.195 would reinforce our EUR/USD long setup, while a breakout above the trendline and 99.876 would strengthen our EUR/USD short setup. Both scenarios offer sharp price movements with attractive risk-to-reward (R/R) ratios, making these triggers highly actionable. Final Thoughts 🙌 Thanks for joining me in this detailed EUR/USD analysis! I’m Skeptic, and I share daily forex and crypto insights. If you found this useful, please follow for more content! 🔥
by SkepticWise
1
US 500 Index – How Far Can the Recovery Extend?The upside recovery in the US 500 index continued last week, adding nearly 5% to close at 5523 on Friday, a 1 month high, as weak short positions continued to be squeezed out by a combination of factors, including signs that US/China trade relations may be starting to thaw out, President Trump pulling back on his initial commentary challenging Federal Reserve independence and more positive Alphabet earnings. Now, looking forward to the week ahead, traders trying to work out where the index may move next face a number of scheduled economic data updates to digest and then react to, which will provide a health check on the US economy and labour market, while also showing the impact of President Trump's tariffs on US inflation. These include, * Tuesday 1500 BST US Consumer Confidence * Wednesday 1330 BST US Preliminary Q1 GDP, * Wednesday 1500 BST US PCE Index (Fed's preferred inflation gauge) * Thursday 1500 BST ISM Manufacturing PMI Survey * Friday 1330 BST US Non-farm Payrolls Not only that, 4 of the Magnificent Seven companies also report earnings, with Microsoft and Meta results due after the close on Wednesday and Amazon and Apple due after the close on Thursday. The outcome of all these events, plus trade war/tariff updates may well determine if the rally has already run its course, or has further to go. Technical Update: Is the Break of Mid-Point (50%) Fibonacci Resistance Important? Last week was a positive one for the US 500 index, as an 8.5% rally developed from Monday’s session low at 5095 into Friday’s high at 5530. This of course comes after what was an aggressive liquidation of assets into the April lows at 4799 (April 7th), and some may now be asking if this could be a sign of further attempts at price strength. Much will of course depend on future market sentiment and price trends, but last week’s strength did see a closing break above the 5474 level, which is equal to the 50% Fibonacci retracement of the February to April 2025 price weakness. This upside move may leave traders looking at the possibilities of further attempts at price strength this week and wondering where the next resistance levels may now stand. Potential Resistance Levels: A closing break of a 50% retracement while not a guarantee of further price strength, can suggest risks to higher levels and 5635, which is the higher 62% Fibonacci retracement could be the next resistance level to monitor. If a further phase of price strength is to materialise, traders might now focus on closing defense of this 5635 resistance, with breaks higher possibly opening up potential tests of 5788, which marks the March 25th session high. Potential Support Levels: Of course, as we have said, the latest breaks of the 50% retracement resistance are not a sure sign of continued price strength. So, with that in mind, lets look at possible support levels that if broken, might point to the potential of downside pressure. The 38.2% Fibonacci retracement of last weeks rally stands at 5364, so even if the new week starts with a price setback, this level may need to be broken on a closing basis to suggest risks of further price declines. Such breaks lower could then point to a deeper decline and retracement towards 5313, the 50% level, even 5262, which is equal to the 62% retracement. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:US500
by Pepperstone
Bitcoin: Blood in the Streets – Now is the Time!Once again, there’s blood in the streets—and from this point on I start scaling into spot positions again, slowly but deliberately. All of these are spot entries with soft stop-losses—not hard exits, but areas I’ll react to if needed. So why now? For one, we’re sitting right above the 38,2% Fibonacci level for the ending of the wave A. At the same time, we’re about to tap into a daily Fair Value Gap, while trying to hold the range support—two important technical levels lining up on the higher time frame. Below that, we have an untapped VWAP at $65.5K, which could act as a magnet, as it often does. And yeah—if we go under $62K or even $60K, the classic “time to work at McDonald’s” joke comes back. But seriously: in markets like this, you need to stay calm, have some humor, and most of all, know what’s possible. So I’m cautiously watching the S&P 500 closely, which plays a big role in this setup for me. That’s where I stand on BTC right now—careful optimism, grounded in context and reasoning for me.
Long
by stromm
2
Senior (SNR) LongSNR is coming off a range support. Price has been ranging since 2021 and has formed a horizontal channel between 115 and 185. I expect price to make a move to the range resistance area and possibly break higher. From a fundamental point of view: ✔ Revenue has increased year-on-year ✔ Gross and net profit margins are steady ✔ The company has sufficient cash and assets to meet its liabilities My only concern is margins are tight. If margins fall any lower, I will immediately close my positions.
LSE:SNRLong
by Samuel_Morton_Trader
BankNifty levels - Apr 29, 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 - Apr 29, 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