Nifty was unable to break the 22519 support, the entire day we spent hovering around this support resistance level - but the sheer inability to break shows the lack of strength of the Bears. I would have maintained the bearish stance if we had at least 1 candle below this level. Currently, the next support level is at 22295 and the resistance level is at...
As we discussed, Nifty had a sideways structure; it was sideways the whole day. If we look at the chart now: The market is trading in the range while taking good resistance at 200-EMA. The market is very volatile as VIX is 24.60. the market is trading in the range 22465 - 22639. If we look at the last two candles, it is a huge volume from the support...
A strong Divergence pattern is formed on the Weekly Chart. Also we have an indecisive candle on the daily chart. WTF Resistance : 23,200 WTF Support : 21,850 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 -...
sona blw swing trade buy 645 stoploss 560 target 680 target 2 720 long term target 1 727 target 2 900
A gentle reminder for those worried about price being locked in circuit on Monday, the circuit levels are FAR away . Although with India VIX at 24.60, it may possibly test long term swing levels on either side. 24K loading....?
Today we have a gap down opening and the price has made a strong negative candle. The price is in a strong negative trend. The probability on the down side is more than 60%. Also the price is entering in the compression zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Good morning, friends! 🌺🍬 Here are the directions for May 31st: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 25 points. Nifty and Banknifty moved in different paths in the...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22570 level and then possible upside rally up to 22690 level in today's session. in case nifty trades below 22520 level then the downside target can go up to the 22400 level.
The price has given the break of structure on the down side. The broken structure indicates a start of a downtrend. But the downtrend will be confirmed on the breakdown of 22,417. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Hourly closing below 22584 -- 22609 will be 🐻 📉 📉 to 22428 and 22280 22280 could test within 3rd June Any closing sustains above 22609 in hourly then 📈 📈 Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty continued its downward journey yesterday, ending 216 points down. The nearest support zone (daily 22,483 - 22,630) mentioned in the last post was broken, with Nifty making a low of 22,417. Support Levels: Near Support: 22,313 (61.8% FIBO level of the last swing) Far Support Zone (75m): 21,821 - 22,041 Resistance Levels: Nearest Resistance Zone (15m):...
Nifty showed correction for the 5th straight session, This is also the longest losing streak in last 7 months After Gap down opening, it remained in negative trend throughout the session A Bearish candle is formed on daily chart The imp upside hurdle is placed around 22630 level whereas downside support is around 22350 zone Track for price to form Price...
Topic - OBEROIRLTY Long Levels and Zone Tomorrow's movement Prediction of Oberoi Realty Limited OBEROIRLTY appears to be in uptrend. But this trend seems to be weakening. Price is above an important level of 1749.02 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Oberoi Realty...
Topic - BDL Long Levels and Zone Tomorrow's movement Prediction of Bharat Dynamics Limited BDL appears to be in downtrend. And this trend seems to be continuing further. Price is below an important level of 1863.55 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Bharat Dynamics...
Topic - COROMANDEL Long Levels and Zone Tomorrow's movement Prediction of Coromandel International Limited COROMANDEL appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 1257.23 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction...
Topic - THERMAX Long Levels and Zone Tomorrow's movement Prediction of Thermax Limited THERMAX appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 5136.68 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Thermax Limited...
Topic - RHIM Long Levels and Zone Tomorrow's movement Prediction of Rhi Magnesita India Ltd RHIM appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 671.06 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Rhi Magnesita India...