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Support and Resistance

Nifty Facing resistnace above 25200 zoneToday Nifty closing above 25141 is a positive sign but it is evidently facing resistnace above 25200 zone. Nifty made a high of 25222 today but could not sustain at those levels and fell but eventually closed in the positive. The daily candle formed is an indecisive Doji. IT Sector seems to be on the verge of a Reverse Head and Shoulder Breakout. If this breakout happens and Nifty gets support from other heavy weights we can see it growing further. The resistances for Nifty now are at 25222, 25270 and 25310. The supports for Nifty are at 25104, 25044, 24977 (Mother line support of Daily chart and 24953 Channel bottom. Things are in balance with shadow of the candle slightly positive. 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
Continue to short gold Gold rebounded from around 3315 and has now reached above 3340. According to the current structure, gold tends to rebound upward. But the characteristics of the recent market trends are also very obvious. Gold has risen with difficulty, but has retreated very quickly! Overall, there was no continuation in the process of long and short games, which was disorderly fluctuation. According to the current structure, as long as gold cannot break through the 3350-3355 area and the bulls have not completely gained the upper hand, gold still has the potential to go down and test the 3320-3310 area again. Therefore, for short-term trading, we should not chase gold too much, and we can still try to short gold with the 3345-3355 area as resistance.
OANDA:XAUUSDShort
by Steffen_Schade
1
Bitcoin Near Breakout – CPI Miss Could Be the Catalyst?Just Released: Key U.S. Inflation Data: Core CPI m/m: 0.1% (vs. 0.3% forecast) CPI m/m: 0.1% (vs. 0.2% forecast) CPI y/y: 2.4% (vs. 2.5% forecast) Market Reaction & Outlook: The softer-than-expected inflation figures suggest easing price pressures in the U.S. economy — a potential bullish signal for risk assets, such as Bitcoin ( BINANCE:BTCUSDT ). ----------------------------- Now let's take a look at the Bitcoin chart on the 1-hour time frame . Bitcoin is trading in the upper part of a Heavy Resistance zone($104,380-$103,670) and is trying to break through this zone. The announcement of US indexes could be a trigger for a breakout of this zone . In terms of Elliott Wave theory , Bitcoin appears to be completing microwave 4 of the main wave 3 . The structure of microwave 4 is a Double Three Correction(WXY) . I expect Bitcoin to start rising from the Potential Reversal Zone(PRZ) and near the Support line again and rise to at least $110,670 and if the Heavy Resistance zone($104,380-$103,670) is broken we should expect new ATHs in the coming days . Cumulative Long Liquidation Leverage: $108,791-$107,887 Cumulative Long Liquidation Leverage: $106,840-$105,457 Cumulative Short Liquidation Leverage: $111,381-$110,568 Note: If Bitcoin falls below $105,700(Worst Stop Loss(SL)), we should expect further declines. If you want to know my weekly analysis about BTC , I suggest you check out the following idea: Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-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.
Long
by pejman_zwin
19
How to plan for the positive effects of CPI data?📰 Impact of news: 1. CPI data is profitable 2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged 📈 Market analysis: The CPI data is bullish. The current gold price has risen to around 3360. We took profits at the 3330 level and exited the market, which once again confirmed the forward-looking nature of our trading vision. From a technical perspective, the RSI indicator in the short-term hourly chart is close to the overbought area. In the short term, pay attention to the upper resistance line of 3360-3365. If it rebounds to the 61.8% position and encounters resistance and pressure, consider shorting at high levels. On the contrary, if it effectively breaks through and stabilizes above, it is expected to touch the 3400 line. In the short term, pay attention to the lower support line of 3340-3330. 🏅 Trading strategies: SELL 3360-3365 TP 3340-3330 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
6/11 Gold Analysis and Trading SignalsGood afternoon, traders! Gold remains capped below the key resistance at 3350, with repeated failed breakouts. Meanwhile, strong support zones below are keeping the price range-bound in a narrow consolidation channel. 📉 Technical Outlook: As higher lows continue to form, the trendline support is gradually shifting upwards. On the 30-minute chart, we now observe a potential double top pattern forming. If confirmed, it would signal a bearish reversal with the possibility of further downside. 🔍 Key Support Levels: Watch for the 3330 level as initial support. If it’s broken decisively and the market fails to recover quickly, this may confirm the short-term double top and open the door for more aggressive selling. On a broader timeframe, focus on 3320 as a critical support area. 📊 Fundamental Focus: The key event today is the release of U.S. CPI data, which carries significant market-moving potential. A strong reading could be bearish for gold, supporting a shift in sentiment toward the downside. 📌 Today’s Trading Plan: ✅ Buy Zone: 3289–3272 ✅ Sell Zone: 3358–3373 🔄 Intraday Levels for Flexible Scalping: 3348 / 3332 / 3319 / 3307 / 3293 Trade cautiously ahead of the CPI report, and keep position sizes moderate to mitigate volatility risk.
FOREXCOM:XAUUSDShort
by China_MsWang
What to Expect from CPI Data and the Key Dollar Levels to WatchDollar index trading in a tight range ahead of the CPI data. US inflation is expected to rise by 0.1% on a yearly basis for both headline and core figures, reaching 2.4% and 2.9% respectively. Markets expect some of the effects of tariffs to begin showing up in this data. There are both downside and upside risks to the release, but in our view, a slightly lower-than-expected result is more probable. Frontloading of goods before tariffs took place, slowing economic activity, downward price pressure in parts of the services sector due to weaker-than-usual tourism, lower energy costs, and ongoing disinflation suggest that the impact of tariffs may remain limited in this month’s data and possibly the next as well. If the data remains unchanged and comes in below expectations, the initial reaction could be negative for the dollar due to rising rate cut expectations. However, unless there is a significant surprise in either direction, today’s data is unlikely to meaningfully change the Fed’s economic outlook or rate policy. The inflationary effects of tariffs are expected to appear gradually, due to the frontloading of goods ahead of the tariff implementation. For the Dollar Index, the 97.90 and 99.10 levels will be key. If the downtrend breaks, the ongoing gradual decline of the dollar may pause, allowing for a limited rebound. However, a drop below 97.90 could trigger another leg down, similar to previous moves. A side note on inflation: Sometimes, year-on-year figures alone are not enough to provide a clear picture due to base effects. Starting this month, the base effect turns positive for yearly comparisons. If inflation is to return to the 2% target steadily, month-on-month inflation needs to remain at or below 0.2%. For example, twelve consecutive months of 0.2% monthly inflation results in a 2.22% annual CPI. In contrast, twelve straight months of 0.3% monthly inflation would lead to a 3.35% annual rate.
CAPITALCOM:DXY
by ftdsystem
HE | Inverse Head & Shoulders Breakout Setup / target +13%-56%📈 Ticker: NYSE:HE (Hawaiian Electric Industries) 📆 Timeframe: 1D (Daily) 📉 Price: $10.59 📊 Volume: 1.23M 📈 RSI: 50.96 (Neutral, ready for breakout) 🔍 Technical Setup: A classic Inverse Head & Shoulders has formed just above the lower boundary of a multi-month parallel ascending channel. 🟩 Key Features: Symmetrical reversal structure (L–H–R Shoulders) Horizontal neckline around $12.00 Trading just above channel midpoint with supportive RSI action 🟢 Green arrow marks support near $10.50 🔴 Red arrows signal likely resistance areas 🧠 Trade Plan & Price Targets: ✅ Entry Zone: $10.50–$10.70 ❌ Stop-Loss: Below $9.90 (channel breakdown + structure failure) 🎯 Target 1: $12.00 → 📈 Return: +13.3% 🎯 Target 2: $13.80 → 📈 Return: +30.3% 🎯 Target 3: $16.50 (upper channel resistance) → 📈 Return: +55.8% ⚠️ Technical Notes: RSI at 51 – neutral zone, ready to build momentum Volume declining — watch for breakout surge above $11.50 Channel provides structure for swing trades and scaling 💬 Is HE about to energize a trend reversal or flicker out? 📌 Comment your thoughts and follow for more high-conviction setups! #TargetTraders #HE #Utilities #InverseHnS #BreakoutTrade #SwingTrading #TechnicalAnalysis
NYSE:HELong
by TargetTraders
Euro may reach seller zone and then continue to declineHello traders, I want share with you my opinion about Euro. In this chart, the price started to grow, bouncing from the support line, and soon reached the support level, which coincided with the buyer zone. Then it declined to support line, making the correction and then made an impulse up from this line to the resistance level, breaking the 1.1070 level. After this movement, the Euro made a correction and then continued to grow and broke the resistance level, which coincided with the seller zone, and even rose higher than the seller zone. But soon Euro turned around and started to decline and broke the 1.1455 level again, after which it declined to the support line inside the range. Price little grew near this line, but later broke the support line and continued to decline. It fell to the support level, which is the bottom part of the range, and then started to grow. Euro later reached the top part of the range, which is the resistance level, and not long time ago turned around and started to decline. So, after looking for this chart, I think that the Euro may enter to seller zone and then continue to decline inside the range. For this case, I set my TP at 1.1250 points. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by LegionQ8
15
USDJPY | Bullish Continuation Above 144.93, Eyes on 146.33USDJPY | The price is trading around 145.33, and has already broken and stabilized above the pivot line at 144.93, which indicates a potential bullish continuation. As long as it holds above this pivot, the pair may continue to push higher toward the resistance zone at 146.33, and if broken, could extend to 147.82. However, short-term retracement to test the pivot area again is possible before resuming the bullish trend. Pivot: 144.93 Support: 144.50 – 144.26 – 143.84 Resistance: 146.33 – 147.82 – 149.92
Short
by SroshMayi
1
Nikkei 225 Wave Analysis – 11 June 2025 - Nikkei 225 broke the resistance area - Likely to rise to the resistance level 39500.00 The Nikkei 225 index recently broke the resistance area lying at the intersection of the resistance level 38340.00 (top of wave A from the end of May) and the resistance trendline from January. The breakout of this resistance area accelerated the C-wave of the active ABC correction (2) from last month. The Nikkei 225 index can be expected to rise to the next resistance level 39500.00 (a former monthly high from February).
PEPPERSTONE:JPN225Long
by FxProGlobal
EURJPY Wave Analysis – 11 June 2025- EURJPY broke the key resistance level 165.00 - Likely to rise to the resistance level 168.00 EURJPY currency pair recently broke the key resistance level 165.00 (which has been steadily reversing the pair from the start of November, as can be seen from the daily EURJPY chart below). The breakout of the resistance level at 165.00 accelerated the active sub-impulse wave 3 of the higher-order impulse wave (C) from April. EURJPY currency pair can be expected to rise to the next resistance level 166.50 (former multi-month high from November) – the breakout of which can lead to further gains toward 168.00.
Long
by FxProGlobal
Nifty Analysis EOD – June 11, 2025 – Wednesday🟢 Nifty Analysis EOD – June 11, 2025 – Wednesday 🔴 ♻️ Déjà vu Day – Bulls Attempt, Bears Resist For the third consecutive session, Nifty started on a positive note with a 45-point gap-up at 25,134.15, but as has been the pattern lately, early optimism was wiped out instantly, with the index hitting the day’s low of 25,081 within the first 5 minutes. What followed was a gradual climb as bulls gained some momentum, pushing Nifty to test the 25,200 zone. However, resistance in the 25,200–25,222 band proved too strong. Despite multiple attempts, bulls gave up the level around 13:20, triggering a sharp fall to 25,100. Post-fall, the market struggled to recover and closed at 25,141.40, up just 37 points from the previous close. It was yet another rangebound, indecisive session, showing that the index is coiling for a potential breakout—but the direction remains uncertain. 🛡 5 Min Chart with Levels 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 25,134.15 High: 25,222.40 Low: 25,081.30 Close: 25,141.40 Net Change: +37.15 (+0.15%) 📊 Candle Structure Breakdown Real Body: 7.25 pts → 🟢 Small Green Candle Upper Wick: 81.00 pts Lower Wick: 52.85 pts 🔍 Interpretation Strong intra-day swings in both directions signal high volatility with no control on either side. Bulls failed at resistance (25,222); bears couldn’t break support (25,081). The tiny real body with long shadows reflects market indecision. 🔦 Candle Type ⚖️ Spinning Top– Neutral structure with no clear directional conviction. 📌 Key Insight The market is clearly taking a breather after recent moves. Watch 25,222 on the upside and 25,080 on the downside — a breakout from either could set the next directional tone. Bias stays mildly bullish as long as 25,080 holds, but it’s hanging by a thread. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 239.75 IB Range: 72.9 → Small IB Market Structure: Balanced Trades:✅ 10:30 AM – Long Triggered → Target Achieved, Trailing SL Hit (RR: 1:1.65) 📌 Support & Resistance Zones Resistance Levels 25,116 ~ 25,128 25,180 ~ 25,222 25,285 Support Levels 25,062 ~ 25,070 24,972 24,920 ~ 24,894 24,800 ~ 24,768 💭 Final Thoughts Market is in a tight tug-of-war. No clear winner yet, but momentum can build quickly once a side gives in.Patience will pay—wait for the range breakout. 🧠 "Pressure builds silently before an explosion—so does the market before a breakout." ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
DeGRAM | GOLD broke the wedge📊 Technical Analysis ● Price still respects the former channel roof (now support) at 3 315-3 320; every dip to this line (green arrows) printed a higher low, preserving the rising-wedge structure. ● A break of the local wedge cap at 3 350 would reopen the April supply/median target at 3 435; failure to pierce keeps the pull-back window open toward the lower grey band at 3 245, where the broader demand begins. 💡 Fundamental Analysis ● US ISM-services prices and NFP cooled, lifting September Fed-cut odds >70 % and capping real yields, while continued PBoC purchases offset ETF outflows, under-pinning bullion. ✨ Summary Buy 3 305-3 320; confirmation above 3 350 targets 3 435, extension 3 500. Long bias void on an H4 close below 3 245. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
6
Gold is in a state of shock again, the market is waiting for CPI📰 Impact of news: 1. May CPI data 📈 Market analysis: Gold is still fluctuating, and the bulls and bears are currently in a stalemate. The market is waiting for the release of today's CPI data. From the 1H chart, the Bollinger Bands are narrowing, and the gold price is above the 3331 middle track. RSI is stuck at 55, and the MACD golden cross green column is narrowing. For short-term trading, pay attention to the resistance of 3340-3350, and the support of 3320-3310 below. 🏅 Trading strategies: SELL 3340-3350 TP 3320-3310-3300 BUY 3320-3310 TP 3330-3345 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
DeGRAM | BNBUSD exited from the wedge📊 Technical Analysis ● Price is respecting a fresh up-sloping channel; the last pull-back halted exactly at $644 support & the inner grey trend-line, printing a higher low and confirming the former wedge top as demand. ● Inside the channel price is carving a bullish pennant whose 1.618 swing meets the red $730-$735 resistance band and the long-term purple down-trend, while RSI holds above its mid-line—signalling persistent upside pressure. 💡 Fundamental Analysis ● BNB Chain’s June “Roll-ups” test-net cut L2 fees 90 %, boosting TVL, and Binance’s new Megadrop staking programme has pushed exchange outflows to a 4-month high, tightening circulating supply. ✨ Summary Buy $645-$660; pennant break >$680 targets $705 → $730. Long bias void on a 16 h close below $604. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
4