The rupee weakened sharply against the US dollar on Tuesday as rising crude oil prices, renewed geopolitical tensions in West Asia, a stronger greenback and weak domestic equities weighed heavily on investor sentiment and currency markets.
Sensex Today, Nifty 50 | Stock Market Highlights: Sensex and Nifty closed lower on Tuesday as rising crude oil prices and escalating US-Iran tensions dampened investor sentiment, triggering broad-based selling in equities amid fears of inflation, fiscal pressure and renewed global market uncertainty.
The Mistake 90% of Traders Make Support and Resistance are among the first things every trader learns. Almost every strategy in trading uses them. But here’s the problem: Most traders draw Support & Resistance the wrong way. That’s why many beginners experience: * fake breakouts, * stop loss hits, * bad entries, * and confusion on charts. The truth is, Support & Resistance is not about drawing perfect lines. It’s about understanding where buyers and sellers are active. In this article, we’ll learn the correct way to draw Support & Resistance in simple and practical language. 1. Support & Resistance Are Zones, Not Lines This is the biggest mistake beginners make. Most traders draw one exact line and expect price to reverse perfectly from that point. But markets do not work with perfect precision. Instead of lines, think of Support & Resistance as areas or zones where price reacts. Sometimes price: * moves slightly above resistance, * or below support, before reversing again. That is completely normal. Professional traders focus on reaction areas, not exact prices. 2. Don’t Draw Too Many Levels Another common mistake is filling the chart with dozens of lines. When every small move becomes support or resistance, the chart becomes confusing and useless. Good traders keep charts clean. Focus only on important levels where: * price reacted strongly, * volume increased, * or major reversals happened. Simple charts help traders make better decisions. 3. Higher Timeframes Give Stronger Levels Many beginners only use 5-minute or 15-minute charts. But stronger Support & Resistance levels usually come from: * 1-hour, * 4-hour, * daily, * or weekly charts. Why? Because large institutions and smart money traders mostly focus on higher timeframes. A support level on the daily chart is usually much stronger than one on the 5-minute chart. Always start from higher timeframes before moving lower. 4. Wait for Confirmation — Don’t Trade Blindly Just because price reaches support or resistance does not mean you should instantly enter a trade. Many traders lose money because they enter too early. Instead, wait for confirmation like: * strong rejection candles, * breakout failures, * volume increase, * or market structure shifts. Confirmation helps avoid fake breakouts and emotional trades. Patience is more important than speed in trading. 5. Support Becomes Resistance — And Resistance Becomes Support This is one of the most powerful concepts in trading. When price breaks a resistance level strongly, that same level often becomes new support. Similarly: * broken support can become resistance. This is called a role reversal. Understanding this concept helps traders find: * better entries, * stronger trends, * and cleaner setups. Professional traders use this idea regularly. 6. Psychology Plays a Big Role Support & Resistance work because traders react emotionally around important levels. At support: * buyers become confident. At resistance: * sellers become active. The market moves based on fear, greed, and trader behavior. That’s why these levels repeat again and again in every market: * stocks, * forex, * crypto, * and commodities. Charts change, but human psychology stays the same. 7. Final Thoughts Support & Resistance look simple, but most traders use them incorrectly. The goal is not to draw perfect lines. The goal is to understand how price reacts around important areas. Remember: * treat levels as zones, * keep charts clean, * use higher timeframes, * and wait for confirmation. Sometimes one well-drawn Support or Resistance level is more powerful than ten indicators. In trading, clarity always beats complexity.
Kavit, Justin and Mike chew over the big news, including a mixed month for Elon Musk, US satellite JV plans and a cybersecurity coalition. Later in the episode, Justin has the action from a Huawei event in Paris and the Mobile Network Innovation Summit in London, while Mike reveals all about recent chats with T-Mobile and Verizon executives. The post Podcast: SpaceX IPO; Huawei hits Paris; T-Mobile’s AI-RAN rundown appeared first on Mobile World Live .
The modern home is no longer just a place to sleep. It is a workspace, a nursery, and a sanctuary. As technology integrates into our daily routines, we often focus on the gadgets that occupy our desks or our kitchen counters. We frequently overlook one of the largest surfaces in any room: the windows. If [...] The post The Invisible Upgrade: How Automation Is Redefining Our Living Spaces appeared first on Geeky Gadgets .
The decision to switch to doré gold will help boost local processing capacity and job creation, he said, adding that the parties have agreed to a 0.6% price discount.
India and the US signed a bilateral Critical Minerals Framework to secure supply chains for advanced tech and energy. The pact aims to protect against market coercion, reduce monopoly vulnerabilities, and strengthen the strategic partnership.
"Senegal is a safe and viable country and intends to remain so," Lo said, referring to the country’s "difficult financial situation" in his first statement after his appointment. The post Senegal names economist Lo as new PM after Sonko’s sacking appeared first on Vanguard News .
By Karen Bong KUCHING, May 26: Nearly RM480 million from the almost RM1 billion Sirung Production Platform project is expected to circulate through the domestic economy while supporting livelihoods and creating opportunities for more than 1,500 personnel directly and indirectly involved in the project. Brooke Holding Sdn Bhd chairman Dato Sri Dr Wan Lizozman Wan [...]
Recent college grads are not very fond of commencement speakers hyping up a technology they see as a threat to their career prospects When Jacob Pagel graduated from Middle Tennessee State University this spring, predictions about artificial intelligence already had him questioning the value of his degree. Then a music executive started preaching about AI’s transformative power during a commencement speech. “This industry will change on you in a heartbeat. It has already changed more in the last 10 years than in the 50 years prior ... AI is rewriting production as we sit here,” said Scott Borchetta , CEO of the record label Big Machine. After a few stray boos from graduates, he doubled down: “Deal with it.” Continue reading...
New Delhi [India], May 26 (ANI): The Quad nations will establish a new framework to secure critical mineral supply chains, marking a significant expansion of economic and security cooperation across the Indo-Pacific region. The framework aims to combine economic policies and coordinate investments to safeguard key sectors against supply disruptions. US Secretary of State Marco Rubio announced the initiative durin
The paycheck-to-paycheck economy is becoming less about spending habits and more about the way Americans get paid. The November PYMNTS Intelligence report “Income Instability Is Redefining the Paycheck-to-Paycheck Economy” found that 66% of U.S. consumers live paycheck to paycheck. That share dipped slightly from September, but it remained above levels seen two years ago. [...] The post 51% of Struggling Consumers Are Paid by the Hour appeared first on PYMNTS.com .