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Support and Resistance

Midnifty Intraday Analysis for 25th April 2025NSE:NIFTY_MID_SELECT Index closed near 12265 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12500 Strike – 1.60 Lakh 12200 Strike – 1.05 Lakh 12300 Strike – 1.02 Lakh Put Writing 12300 Strike – 1.76 Lakh 12000 Strike – 1.56 Lakh 12200 Strike – 0.80 Lakh Index has immediate resistance near 12400 – 12450 range and if index crosses and sustains above this level then may reach 12625 – 12675 range. Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
WIPRO technical analysisStock Overview: Wipro Ltd., traded on the National Stock Exchange of India (NSE), is currently priced at ₹376.90. The company is a leading global IT services provider, offering consulting, business process outsourcing, and digital transformation solutions. Key Levels: Support Zone: ₹141 - ₹190 Upside Swing Zone: ₹250 Possible Upside Levels: ₹335, ₹404, ₹466 Technical Indicators: RSI (Relative Strength Index): At a value of 47.98, the RSI indicates neutral momentum, neither in overbought nor oversold territory. Volume: Trading volumes exhibit steady activity with no significant spikes, suggesting a balanced buying and selling interest. Sector and Market Context: Wipro operates within the dynamic IT services sector, which is witnessing moderate growth driven by global digital transformation initiatives. Compared to its peers, Wipro shows stable performance but lacks aggressive market positioning. The overall market sentiment is cautiously optimistic, with broader indices showing resilience despite macroeconomic pressures. Risk Considerations: Sector Challenges: Intense competition from Indian and international firms may weigh on margins and market share. Stock-Specific Risks: Dependence on major clients and foreign exchange rate fluctuations could influence earnings. Analysis Summary: Wipro Ltd. demonstrates steady technical and sectoral positioning, with support levels ensuring downside protection and potential upside levels offering room for growth. While the RSI and volumes suggest neutral momentum, broader sector dynamics highlight a cautiously optimistic outlook. Investors should consider macroeconomic and sectoral risks while evaluating Wipro's performance within their portfolio strategy.
NSE:WIPRO
by TechnicalAnalystSucrit
Bitcoin Breaks $88K — Eyes on Key Resistance ZoneSurging Momentum: In the past few hours, Bitcoin has surged by 10%, breaking through the $88,000 resistance and reaching around $94,000. This marks a powerful continuation of bullish momentum. Key Resistance Ahead: The $92,000–$95,500 zone, which acted as strong support between November and February, is now expected to serve as major resistance. A rejection from this range could lead to a short-term retracement. Retracement Zones: If Bitcoin fails to break through $95,500: First support: $91,000 Deeper pullback: $85,000–$87,500 Breakout Scenario: If Bitcoin decisively breaks and holds above $95,500 on higher timeframes, we could see a continuation toward the next resistance between $102,000 and $108,000. Conclusion: Bitcoin is at a key inflection point. Whether it confirms a breakout or sees a short-term correction, this range will be crucial in shaping the next phase of the bull cycle. 📈🔥 #Bitcoin #BTC #Crypto #TechnicalAnalysis #Breakout #Resistance #Support #MarketUpdate #BullRun
by Richtv_official
DeGRAM | BTCUSD Flipped the Resistance Zone📊 Technical Analysis BTC holds the reclaimed 90-91k zone; staying > $91 500 keeps 98k then 108k in view. 💡 Fundamental Analysis • Spot ETFs drew $381 M (21 Apr), $936 M (22 Apr) and $912 M (23 Apr) net inflows. • Network hashrate hovers near the 1 000 EH/s ATH • MicroStrategy lifted its stack to 461k BTC after a fresh 11k buy. ✨ Summary Strong, accelerating ETF demand, shrinking liquid supply and ongoing corporate accumulation reinforce the bullish breakout, favouring a climb to 98-100 k while BTC holds above $91 500. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
Nifty Intraday Analysis for 24th April 2025NSE:NIFTY Index closed near 24330 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 109.25 Lakh 24500 Strike – 103.70 Lakh 24400 Strike – 81.56 Lakh Put Writing 24000 Strike – 135.26 Lakh 24200 Strike – 113.21 Lakh 24100 Strike – 93.21 Lakh As per Call Option OI, Nifty has strong resistance in the 24300 - 24350 range and Index may reach near 24450 - 24500 range and if index crosses and sustains above 24350 and may reach near 24650 - 24700 range if crosses and sustain near 24550 level. Index has immediate support near 24200 – 24150 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 24th April 2025NSE:BANKNIFTY Index closed near 55370 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 56000 Strike – 35.15 Lakh 57000 Strike – 21.83 Lakh 56500 Strike – 18.83 Lakh Put Writing 55000 Strike – 28.12 Lakh 54000 Strike – 23.45 Lakh 54300 Strike – 15.71 Lakh Index has resistance near 56100 – 56200 range and if index crosses and sustains above this level then may reach near 56700 – 56800 range. Index has immediate support near 54850 - 54750 range and if this support is broken then index may tank near 54200 - 54100 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 24th April 2025NSE:CNXFINANCE Index closed near 26445 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 26500 Strike – 4.03 Lakh 27000 Strike – 3.42 Lakh 26800 Strike – 2.76 Lakh Put Writing 26000 Strike – 2.89 Lakh 26400 Strike – 2.68 Lakh 26500 Strike – 1.88 Lakh Index has resistance near 26700 - 26750 range and if index crosses and sustains above this level then may reach near 26950 - 27000 range. Index has immediate support near 26225 – 26175 range and if this support is broken then index may tank near 26000 – 25950 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 24th April 2025NSE:NIFTY_MID_SELECT Index closed near 12265 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12500 Strike – 10.77 Lakh 12300 Strike – 8.22 Lakh 12350 Strike – 6.62 Lakh Put Writing 12000 Strike – 11.71 Lakh 12100 Strike – 7.82 Lakh 12200 Strike – 6.71 Lakh Index has immediate resistance near 12400 – 12450 range and if index crosses and sustains above this level then may reach 12625 – 12675 range. Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
ready for discharge KIMS HOSPITALCompany Overview Krishna Institute of Medical Sciences (KIMS) is a prominent healthcare provider in India, offering a wide range of medical services across various specialties. KIMS is known for its state-of-the-art facilities, experienced medical professionals, and commitment to delivering quality healthcare. With multiple hospitals and centers, KIMS aims to provide accessible and affordable healthcare services to the community. Price Chart Analysis Trend: The stock is currently in a consolidation phase, with potential for an upward breakout. Target Levels: ₹674.45, ₹728.95, ₹798.35, ₹998.75 Key Levels: Primary Support Zone (Yellow): ₹419- ₹473 Reversal Zone (Green): ₹521.30 - ₹550.00 Technical Indicators Relative Strength Index (RSI): 44.09 (Neutral momentum) Volume: 5.41M Key Observations Volume: 5.41M Timeframe: Weekly The stock is trading within a consolidation phase, suggesting potential for an upward breakout. The RSI indicates neutral momentum, suggesting that the stock is neither overbought nor oversold. The volume indicates a healthy level of trading activity, supporting the current price movement. Earnings Overview Q3 FY25 Net Profit: ₹120 crore Q3 FY24 Net Profit: ₹80 crore Revenue Growth: 20% increase to ₹1,500 crore Key Highlights: KIMS reported a net profit of ₹120 crore in Q3 FY25, compared to ₹80 crore in the same quarter last year. The company's revenue surged by 20%, driven by strong performance across its healthcare segments. KIMS continues to focus on expanding its medical services and enhancing patient care, positively impacting its financial performance. Conclusion Krishna Institute of Medical Sciences Ltd. is showing signs of potential upward movement, with key resistance levels ahead. The neutral RSI suggests that there is room for further upward movement without immediate risk of overbought conditions. Investors should watch for potential breakouts above the resistance levels and monitor the support zones for any signs of reversal.
NSE:KIMSLong
by TechnicalAnalystSucrit
Bullish Breakout SetupSONACOMS (5.95%) Bullish Setup Alert We are seeing a strong bullish signal for SONACOMS, with multiple key indicators aligning for a potential breakout. A Bullish Marubozu candlestick has formed, indicating strong bullish momentum. Additionally, the RSI has broken out, signaling increasing buying strength. The SuperTrend and VWAP both confirm bullish sentiment, while the TTM Squeeze suggests a volatility breakout in the making. Resistance Levels: 488-497-515 Support Levels: 461-444-434 Entry: @/above 479.85 Stop Loss: @/below 448.30 Volume Analysis: Volume has been robust, which could suggest accumulation and increased market interest.
NSE:SONACOMSLong
by simpletradewithpatience
Nifty - Apr 24 analysisPrice has formed a range in between 24120 to 24360. 24120 is acting as a strong support. If price opened gap up, it have to sustain above 24400. If opening is flat, buy above 24320 with the stop loss of 24280 for the targets 24360, 24400, 24440, 24480 and 24520. 24500 is an important zone to decide the direction. Sell below 24240 with the stop loss of 24280 for the targets 24200, 24160, 24120(support zone), 24080 and 24040. Always do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
2
Nifty Intraday Analysis for 23rd April 2025NSE:NIFTY Index closed near 24165 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 98.21 Lakh 24200 Strike – 97.61 Lakh 24300 Strike – 66.39 Lakh Put Writing 24000 Strike – 112.43 Lakh 23500 Strike – 91.53 Lakh 24100 Strike – 72.46 Lakh Index has resistance near 24225 - 24275 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24000 – 23950 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 23rd April 2025NSE:BANKNIFTY Index closed near 55645 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 56000 Strike – 25.47 Lakh 57000 Strike – 19.34 Lakh 55500 Strike – 11.86 Lakh Put Writing 55000 Strike – 24.14 Lakh 54000 Strike – 15.15 Lakh 54500 Strike – 12.58 Lakh Index has resistance near 56100 – 56200 range and if index crosses and sustains above this level then may reach near 56700 – 56800 range. Index has immediate support near 55100 - 55000 range and if this support is broken then index may tank near 54700 - 54600 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 23rd April 2025NSE:CNXFINANCE Index closed near 26624 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 27000 Strike – 2.58 Lakh 26900 Strike – 2.00 Lakh 26700 Strike – 1.96 Lakh Put Writing 26000 Strike – 2.18 Lakh 26500 Strike – 1.35 Lakh 26600 Strike – 1.15 Lakh Index has resistance near 26750 - 26800 range and if index crosses and sustains above this level then may reach near 26950 - 27000 range. Index has immediate support near 26450 – 26400 range and if this support is broken then index may tank near 26250 – 26200 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 23rd April 2025NSE:NIFTY_MID_SELECT Index closed near 12095 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12500 Strike – 10.35 Lakh 12100 Strike – 8.17 Lakh 12200 Strike – 7.69 Lakh Put Writing 11600 Strike – 8.45 Lakh 12000 Strike – 6.71 Lakh 11700 Strike – 5.74 Lakh Index has immediate resistance near 12225 – 12275 range and if index crosses and sustains above this level then may reach 12450 – 12500 range. Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800 – 11750 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Waaree Energies Technical Analysis with Confirm Targets Detailed chart analysis of Waaree Energies Ltd. based on the Daily Time Frame (1D) Chart as of April 23, 2025 Current Price Movement - LTP (Last Traded Price): ₹2,983.00 - Change: +₹367.10 (+14.03%) — A strong bullish candle with a significant gap-up. - Volume: 19.82M — Strong volume confirmation indicating institutional interest. Resistance / Supply Zones 1. Resistance - 1 (Supply Zone) ₹3,186.00 – ₹3,237.15 This is the nearest resistance zone where the stock may face selling pressure. Previous supply has emerged here, and buyers may take profit. 2. Major Resistance / Supply Zone ₹3,646.40 – ₹3,741.45 This zone marks the previous major highs and is a key resistance area. A breakout above this may indicate a strong continuation of the uptrend. Support / Demand Zones 1. Major Support - 1 (Demand Zone) ₹2,455.20 – ₹2,512.70 This is the most recent breakout zone. If the price corrects, this area may act as a strong support level. 2. Support Zone - 2 - ₹2,294.40 – ₹2,323.30 - Acts as the next layer of support if ₹2,455 fails to hold. 3. Major Support - 2 - ₹2,009.40 – ₹2,075.15 - Long-term support zone, previously tested multiple times, can act as a strong demand zone in case of major correction. Price Structure & Volume - The chart shows a **strong bullish breakout** after forming a **higher low**. - Today's price action indicates a **gap-up opening with heavy buying interest**. - Volume confirms the breakout — higher than average volume during the up move suggests strong conviction. Key Technical Takeaways - Trend Reversal Confirmation: After a prolonged downtrend, price has shown a strong bullish reversal. - Bullish Breakout: Price broke through multiple resistances with volume confirmation. - Watch for Retest: In case of pullback, ₹2,455–₹2,512 zone should be watched for buying interest. Targets - First Target: ₹3,186–₹3,237 - Final Resistance Target: ₹3,646–₹3,741 - If the price fails to sustain above ₹2,983 and closes below ₹2,512 in coming sessions, it might signal a false breakout or correction.
NSE:WAAREEENER
by manojshinde27
Is the SPX500 Correction OVER ?Analysed 1Hr chart: SPX 500 is correcting from around FEB 25th It has has been correcting in complex ABC pattern Within last Leg that is C, it has been doing W-X-Y correction. Will it have one more Z leg ? YES : If it retraces/does not cross previous high When this structure will be invalid ? When a hourly close is below 5096. What is the road map if the current structure holds good ? Wave-3 ~6000 Wave-4 Correction , back to 5500 ?? Wave-5 ~6200 Assumption: It follows plotted channel Times/Shape of pattern will get extended if time correction follows.
FOREXCOM:SPX500
by jsgadgil