ka4mic

ka4mic

Nifty50 has always taken Support of 20SMA on Monthly Time frame. During Major Correction Nifty has taken support of 50 SMA And during 2008 and 2020 Crash Nifty took support of 100SMA. As long as 20SMA is rising and Nifty is trading above it, we should look for every opportunity to go long when price reverses from 20SMA

ka4mic

The Chart Pattern and volume clearly points out to the stock being passed from weak hands to strong hands!

ka4mic

NSE:ICICIBANK Candle Pattern Form on Weekly Closing is Shooting Star at the top ( A Bearish Candle) indicating trend reversal. A Death Cross was also formed on 12th April when DMA 44 crossed below DMA 200. There is a Gap between 778 to 788... which is offering resistance! Due to Good Q4 2022 Results, the Stock is likely to open GAP UP on Monday, April 25,...

ka4mic

NSE:NHPC NHPC Multi Year Break out... with Cup and Handle Formation.

ka4mic

Nifty likely to close between 17,500 to 17,250 for this November expiry. After which the FIIs who are relentlessly selling may start buying and we may see a pullback. If the NSE:NIFTY falls below 17250, it would also mean a major trend line is broken and market will turn extremely bearish and we may see a correction in Nifty and the market may take support at...

ka4mic

I have used SMA 44, Simple Support and Resistance tools and Trend Based Fibonacci Extension to do Technical Analysis of NSE:MOREPENLAB Trend : SMA 44 and SMA 200 is Rising. So its an Advancing Trend. Area of Value: It is observed that the Price always takes support near SMA 44. So Price near SMA44 is a good Area of Value. Entry: Since Rs. 64.75 is...