Market can be remain postive on monday bcz all global index are in dz and although nifty is at crucial support of 17500
Banknifty on the weekly time frame has formed a double top pattern and a spinning top doji candle. The market has closed 400 points lower after forming a new ATH. on the hourly time frame, banknifty has closed below its 20 ema and 41000 levels. Still the banking index seems to be strong as compare to the nifty index. Banknifty has given a nice recovery in the...
NSE:BANKNIFTY Trade Setup for 19-09-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
Nifty on the weekly time frame looks bearish as it has formed a bearish engulfing candle and is unable to close above the level of 18000. On the daily time frame, the market has closed below its 20 ema and closed between both EMAs. The market has travelled lower after opening gap down and has crossed the 200 ema. The market on friday has remained in a down trend...
Here are the levels of #banknifty Strictly follow levels, BUY only above If It close a 15min candle above previous day high. Otherwise prefer option selling or hedging still If you want to buy option then just go for monthly expiry one. Can sell a call of 41000 CE and targets are according to our given levels. . . {I am not SEBI registered analyst, Please consult...
The chart clearly shows that DLF daily chart is currently at its trend line support. The upside and downside arrows shows the entry zones for buy / short respectively.
Channel is as marked on the chart. Breakout, target & SL is as shown on the chart This is my view and for educational purpose only
Banknifty standing just below a strong resistance zone of 40717 to 40878. if banknifty crosses above 40878 then it may reach to the level of 41062. between 41062 to 41256 is also an extremely strong resistance zone . If Bank Nifty crosses over 41256 then it may reach to the level of 41421 and then 41579. if banknifty moves down below 40717 then it may also...
The analysis is as shown on the chart. This is my view and for educational purpose only
NSE:RCF Good to keep on the radar as it will help to decide market direction Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer - SEBI UNREGISTERED This is our personal view and this analysis is only for educational purposes. Please consult your advisor before investing or trading. You are...
Market never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.
Bnf is good to go all time high provided the Trendline is respected, if we do not bounce back from gap we may see lows. If we bounce then all time high up to 43k is possible
1) Wave 5 took a resistance at 1.236 level of wave 4 2)Printed pin bar at Fib resistance 3) Top of parallel channel so we can conclude high possibility for reversal(impulse wave completed) Target: Correction wave Started with Target of 435(0.5 level of Fib - long term )
HDFC life trade in parallel channel. it can long if come 525 for target 600,680
BUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its...
Bank nifty opened gap down at 40977 tried to close the gap till 9.35 but broke down, made an interim low at 10.00 and then tried to close the gap again till 12.35 but failed. The price action from 12.40 to 14.20 was the only realistic move made by bank nifty this week. Imagine when the global set up is very poor and our Nifty50 major index is showing lack of...
Please find the related idea to this where I mentioned downside it touched 40800 and went even below but closed at 40800. Important channel has broken today but market closed near to it. It could be retest can go further down thus reversal might also begin if it breaches 39700. However we shouldn’t predict one side of the market. On upper side 41200 will be...
Banknifty nutral points 40888to 41067 R1 41248 R2 41478 R3 41837 S1 40626 S2 40289 S3 40000 Important point 1.We are not SEBI registered advisor. 2. Theses support and resistance is for education purpose only. 3. We are not responsible for any profit and losses. 4. Kindly take trade according to your risk appetite.