B-market
Bajaj Finance Correction !Bajaj Finance Showing weakness on which There can be a correction coming out !
Points to analyse-
1. Bajaj Finance have a Double top Which indicates trend reversal or Correction.
2. Major Support / Roundoff Price / Fibonacci Comes at same levels with gives multiple confirmation of strong support !
3. Also there is a little unfilled gap which can be filled this time if market corrects !
4. Market is too up at this time after market averages - price have to come close to average to start new trend
5. There is a support nearby around 5330 If it breaks there are high probability that it can fall .
6. Even if we only follow Trendline after double top trend reversal indication the prices behaviour is to come near trendline !
That what i have analysed If you have any suggestion or queries please contact me freely on twitter or comments of this post !
Stay safe - Stay Healthy
Namaste
Comments
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TCS positional setup (Updated pattern) #letsMakeMoneyTogether As the last analysis said ..... no buy signal above the red cloud box and the same box provided heavy resistance for the stock .... On lower TF still bullish and 200dema retested if the yellow small trendline broken with a power candle and moves thru the red box . on 15min TF . 2% positional tgt is activated with the SL being the low of the candle .
Happy trading #TCS
today Banknifty performance & levels 29-04-2021 short-covering happing because of 28-04-21 market had rapidly gone up approx 800 points so the market take some rest or going downward direction on morning section
Lecture-4 Support and resistance, how to analyze.This is the fourth video of the topic basics of the stock market. The video deals with the support and resistance level in stock market price action.
#supportandresistance #basicsofstockmarket
SUNPHARMA in a selling mood?Yesterdays Shooting Star and todays Doji currently ongoing. Do it suggest a correction at top. AB = AC Pattern completes at 660.00 levels which is almost todays high. Wave 5 is completing at same level of 666.00. Stock is again back from above. Is correction expected.
Nifty 50 Analysis for rest of the MarchThe idea should work in ideal condition. Markets are heavily influenced right now by institutional selling. Idea based on support - resistance formation.
Analysis by Pranay Jain a.ka WizSmash
Nifty analysis for 20th April| end of the day analysis for 19th The market has made a huge gap down opening and was flat throughout the day. now, nifty is on the support level.
It is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
#nifty50 #niftyanalysis #marketanalysis #trend.
NIFTY with a GAP down.HOW TO TRADE IN NIFTY .
Nifty is making a bullish candle and global market is bullish but as corona cases are increasing, the market will be bearish.
behind the scenes:
FII BOUGHT 437CR DII BOUGHT 657CR.
EUROPEAN markets are flat.
SGX nifty is trading bearish at the time of review
Advance to decline ratio is around 1131:762 in Nifty50
US market data is bullish
Crude oil is trading at $62.92 bearish
Gold is trading at 1778 with bullish view
US 10yr bond is flat at 1.566 bearish
Dollar index is also flat 91.65 bearish
OI For Nifty for the lower side are 14,600/ 14,500/ 14,400/14,000
OI for nifty on the upper side are 14,700/ 14,800/ 15,000/ 15,500
Maximum OI at 15,000
Max pain at 14600
market price 14617
what to expect:
Market may show a bull run if crossed 14645
how to trade today:
1. Gap up opening
first possible resistance 14682
second 14733
third 14788
2. Gap down
first possible resistance 14574
second 14519
third 14471
fourth 14354
expecting a gap down
3.flat opening
14646 is a crucial level to watch
This is an educational analysis no call is related to it
Lecture-1 " Basics of stock market"This is the first lecture of the series basics of the stock market. In this class, I will talk about a few candlestick patterns.
NIfty 07th april analysis (a small video)Since nifty is range bond from few days and has even shrunk to a smaller range, hence it can easily take out your money from your pocket. Now its very necessary to understand the technical as well as to analyse the data available to predict the market behaviour. hence, this is the small video in which I have tried to analyse the ongoing market behaviour.
Nifty Pre-Market Analysis For 23/03/2021Nifty trading in range of 190-200 points of 14600 to 14790 level. If nifty trading below 14600 then expected strong downside upto 14350. Bullish rally will possible if it trading and sustain above 14790 level.
NIFTY CLOSING ALL GAPSNifty has closed all GAP UPS AND GAP DOWNS today. Also retracing from 61.8% on a daily time frame.
Hopefully, the correction is over and market might get stable.
Nifty closing above the 50 EMA.
Let hope an upside trend from here.
Waiting for confirmation.
Market Correction?A time based correction is over due. MACD on daily chart signals weak strength and major hurdles upwards. A doubl top is forming in the daily chart and possible landing level should be 14450 and further correction cannot be ruled out too. Investors be cautious.
Nifty 50 level for studyfor major correction to happen weekly channel need to be broken otherwise its a non stop 18000.
Bank Nifty View 3 March 21Do Your Own Study Before Taking Any Decision All These Charts Are For Learning Purpose...
Nifty50 View 3 March 21Do Your Own Study Before Taking Any Decision All These Charts Are For Learning Purpose. ...
BTCUSD 240We saw this exact move made in the last week of January around the 30000 zone. Double bottom indicating that the bears are exhausted and the bulls are back in. Previous supply zone now turned into a demand zone. If you caught the bearish flag move, congratulations. I will be looking to enter on the long term buy position. targets profits set at 78000. will find a safe entry on the 5minute time frame around 45000 area to bring my risk to a minimum ratio.
Nifty will fall to 12300 by next 2-3 months.As nifty has formed the RSI Divergence on Daily Time Frame.
so, I am expecting that it will fall to 12300 in the next coming 2 to 3 months then it will start to recover.
HAPPSTMNDS : Looking for great buying oportunity!HAPPSTMNDS is looking for a great buying opportunity has the chance to take profit minimum 10-12% for this coming week.
