BankNifty Analysis - Stance Bullish ⬆️ BankNifty gets a status change today to bullish. Look at the 12.47 candle that took out the resistance of 47465. Even the next candle formed was strongly bullish. We are now at a stage where BankNifty is strongly bullish and Nifty is showing some weakness due to the tech sector. If Nifty starts falling, there is no way...
BankNifty Analysis - Stance Neutral ➡️ BankNifty is still stuck at the 47465 resistance level and this according to me was the primary reason why even Nifty could not find the upward thrust. There were 4 specific instances when BN tried to break the resistance and move up but all of them got rejected. This does not really mean that the Bulls are tired or out of...
BankNifty Analysis - Stance Neutral ➡️ BankNifty also gets a stance change today i.e. from bearish to neutral. All that is pending is to take out the 47465 resistance to go bullish. Most likely that should happen tomorrow and we are eagerly waiting to trade on another Saturday. BN closed the day with a gain of 1166 points ~ 2.53%. But unlike Nifty, BN is not near...
BankNifty Analysis - Stance Bearish ⬇️ BankNifty ended the day in GREEN, up 157pts, but we are still bearish as the resistance line was not taken out (bearish trend line). Also, we are in the bearish channel, the longer we stay in it - the stronger the BEARS grows. 3 candles between 09.59 to 10.07 gave away 498pts ~ 1.08%. And we really thought, it could be the...
BankNifty Analysis - Stance Bearish ⬇️ There is no doubt that the stance on Banknifty is anything but bearish. Even though we started quite okay, we quickly gave up the gains. After 10.23 the intensity of selling was quite strong. And once we came back to the bearish channel the depth of the RED candles kept on increasing. Banks were the first to react to the bad...
BankNifty Analysis - Stance Bullish ⬆️ Although BankNifty created a double top (M pattern) on the 4 mts time frame today, the stance is still bullish. The reason we did not change the stance for BN even though we downgraded N50 was that BN did not even test the support level today. Despite the selling pressure on all other counters, the Banks did not attempt to...
ALGO/USDT Technical Analysis: 1⃣ EURONEXT:ALGO did 200% from our entry level. 2⃣ ALGO still 10x Potential from this level. 3⃣ Long-term Bearish Trend Breakouts confirmed 4⃣ The potential Target in the bull run will be $2 5⃣ Entry was $0.09-$0.1 ✅ #Algorand #Cryptocurrency
BankNifty Analysis - Stance Neutral ➡️ The move BankNifty made did not correlate with Nifty50 today. BN’s gap-up was sold into and then we recovered once the gap was closed. Yes, there was no selling pressure which was common to both. The straddles on BN were progressing better than expected when we had a quick surge and an equivalent fall between 13.31 and...
BankNifty Analysis - Stance Neutral ➡️ BankNifty does the impossible today, the reason we are saying this is because, despite a UP day yesterday, BN was unable to get past the resistance of 45399. See what happened today - we opened gap-down and by 10.55 we were back at the resistance level of 45399. The rejection made sense then as the mood was still bearish and...
BankNifty Analysis - Stance Bearish⬇️ BankNifty had a lot of anomalies today. Firstly, the start was slightly on the higher side and BN did not fall, unlike Nifty. We ended up defending yesterday’s swing low which came as a big surprise. You might remember, we had a bearish call for BN today and the fact that the downside move was not even attempted came as a...
BankNifty Analysis - Stance Bearish⬇️ We expected BankNifty to stay neutral today after what it did in the last session. Just to recap, BN broke through the resistance of 45399 last session and ended the day near the highs. We were expecting that momentum to continue today also as Banks had no inherent weakness to start with. But what happened today was...
BankNifty Analysis - Stance Neutral ➡️ BankNifty defends the 45399 level with so much ease today. After witnessing the rout yesterday, we seriously thought BN would take longer than usual to recover the lost ground. Do you remember the discussion we had about the 2 strong RED candles before breaking the 45399 levels yesterday? Today’s counter move made them look...
BankNifty Analysis - Stance Neutral ➡️ Unfortunately, BankNifty has not gotten a stance upgrade yet, we still are in neutral territory. Only if we get past 46800 - the stance can be revised. Our opening minutes were almost there ~ 46062 levels but we quickly lost ground. In total, we gave up 439pts ~ 0.95% from the highs - but this was not scary or unusual - it...
BankNifty Analysis - Stance Neutral ➡️ BankNifty was more flattish today even though the chart pattern shows a bearish tinge. We lost 145pts ~ 0.32% today, but if a trader got into a straddle position after the first candle - it would have ended quite perfectly today. This means that the net loss for the banknifty was decided in the opening 4 or 5 minutes and the...
ALGO/USDT Inverse H&S Pattern: EURONEXT:ALGO Warning: Strong Resistance Ahead at $0.30 Level! If the price is rejected from $0.3 level, a 50% retracement is possible. However, an Inverse H&S Pattern is also emerging, suggesting that the best accumulation zone might be around the right shoulder at $0.160-$0.180. If this pattern comes to fruition, a 15x target...
India has managed to keep its public finance in control and focus on capex led growth. That has ensured that India managed to stay afloat during the storm and now that the storm has subsided, India is on its way to race at higher knots. This video is an update on the latest global macro developments
In a falling market, an investor is benefitted the most by averaging at lower prices. However, emotions can ruin the decision making and the investor can end up losing the opportunity. The algo which i have written (link shared below) works best in a falling market as every candle it checks if the low is below previous low and then buys. So the average buying...
eurusd crosing 1.10122 then go for 1.10884 and 1.11793 but eurusd go down and crose 1.08317 then go for more down 1.06357 and 1.03872 . wait for crose ... then trade .