SUPPORT AND RESISTENCE LEVEL MARKED FOR 15 APR 21. IF REMAIN IN BAND SELL PUT 800 AND SELL CALL 960 around 11.55 @900 / 1 lot only for learning purpose
Logic and levels well explained in the chart. (Ghost feed used for future projection Note-This is my personal view, Please do comment if you like my Analysis or you have any suggestion for me. Thx :)
Above 184 Support at 160-155 Weak below 150 good volumes in this session Target 200-225
We shared about our positive view but we also wanted to share about other pattern that can be possibly formed in upcoming days. It’s BEARISH PENNANT OR DESCENDING TRIANGLE PATTERN. The reason we believe this would work because the nest immediate support that we have is to the equal distance of the area between high n low of triangle. ITS JUST A VIEW. TRADE SAFE.
Nifty bank is trading below 200 ma and 50 ma acted as a strong resistance for today session with Fibonacci 38.2% level too. BNF is also making W pattern or we can see Triple bottom pattern which is a trend reversal pattern. Wait for the trendline to break above for buying setup. Trade safe.
RBL bank has formed Ascending triangle pattern which is Neutral price action pattern that means trader needs to be ready to take position on either side depending upon the breakout or breakdown. Trade safe. Look for both setup.
We posted about bearish setup but what if market actually follow Other market sentiments and shows a bull run. Probably this would be our setup because price is sustaining at 38.2% level. Exactly the same situation that happened today at NIFTY50. After a good fall NIFTY50 had a correction till Fibonacci 50% but BNF is still sustaining near 38.2% level. If there...
BNF SHORT SETUP Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect...
we can go long after 372 breakout or long from 360 target mentioned in charget
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...
Keep this on the watch list. Trading is all about probability nothing is for sure in this business so always keep your chances high If you manage your loss, you eventually will be the winner sooner or later. Castles never made within a day.
Rbl makes double bottom on key resistance approached support level. Can be long potential if sustained above the support level
Buy Above 33600 for Target 34000/34200 and SELL below 33150 for Target 32850/32550.Huge volatility is expected due to option expiry ,so keep Tight stop loss high/low of the candle breaking the consolidation zone. ~Only for Educational Purpose~
Can we expect a reversal? I am slowly building up my position for a long trade - overall planning to buy some 1500-2000 Eq Share for long to med-term Presently I am putting on 25% of the expected allocation, with a maximum expected loss of only 1500-2000 Rs. Note I am not buying futures, I am doing with Eq shares only - so that I can slowly build the...
Karnataka Bank, about to form inverted Head & shoulder. As banknifty looks bullish , It may give a breakout even before forming a pattern. All levels are marked on the chart. I can see the opportunity to gain 20% very soon, after that it needs to cross the 200sma and Trendline resistance. then more upside around 30% in the coming months. PS: All analyses...
Dated 30.03.2021, Good Morning Friends Spot levels VIX-20.65 FII-₹50.1 Cr, DII +₹1,703.1 Cr Nifty Cmp 14507 PCR -1.55, RSI -43.52 Resistance ,14660,14735-760, 14790-14810, 14875-14925 support ,14500 NIfty has strong resistance at 14750-14790 B-nifty CMP 33318 PCR-0.86, RSI-40 Resistance : 33550-33620 *33950-34050* , 34350-34420-470 Support :-33300,...
A short term trend analysis of Bank of Baroda looks Bearish . Taking support on it's monthly trend line (after breaking it). Taking support on 50 days exponential moving average. ADX is also showing an upcoming Bearish momentum crossing above 20. RSI level is also around 30.