Indusind is making higher high in 1hr chart Try to go long at support trend line
Bank nifty is facing strong resistance @23400-23700 level Supply zone is @ 22275-22600 Demand zone @ 20950-21180 Demand zone @ 20000-20360 Strong support @ 18560-19050
NSE:SBIN How I initiated trade on SBI today at Around 3 PM. 1. On hourly chart, I saw breakdown of chart and with heavy volume. 2. then on daily daily chart, I checked RSI which is below 40 and MACD was also started contracting. this confirm the short signal.
Target - 2610
Target - 2810
Bharat Forge is a good example of several stocks in the Nifty 500 right now. The stock is stuck between former support that's been intact for nearly 6 years (355) and former resistance that's been intact for nearly 15 years (200). As a market participant, it's difficult to bet on this type of stock longer-term in either direction as long as prices are between...
Today Bank Nifty tested its Short term Major Supply zone @ 21350-21750. This same Supply Zone is there on a daily and weekly chart. On the downside, there is a minor support @ 20500 and demand zone @ 19700-19800. I will plan my trade if Bank Nifty will sustain above 21350.
Nifty closed in the supply zone of 9490-9580. On the downside demand zone @ 9230-9250. Today as I have mentioned in the telgram group that I am not expecting nifty closing below 9490. The reason is: 9490-9580 is a supply zone on a daily chart and 9490-9735 is a supply zone on a weekly chart. So 9490 is a very crucial level in a higher time frame. I am...
Today Bank Nifty closed above its minor resistance level @ 20500. On the upside there is the resistance of the trending channel and supply zone @ 21500-21800. On the downside there is minor support @ 20500.
pvr base immediate at 950/955 if breaks then 926 while upsid can be 990 /1003/1033/1042
educational purpose share one can observe and learn
Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option...
Doji at resistance and support is a deadly combination for trading
Last week candle was not able to sustain above its supply zone @ 21150-21800. Even it failed to close in this supply zone. On the downside, there is a demand zone @ 19500-19650 and weekly close is above this zone. In any case, weekly close below 19500-19650 another 1500-2000 points downside range will open.
NIFTY Look like immediate down to 8960 and pull back to 9450 .