BankNifty Analysis - Stance Bullish ⬆️ Banknifty was looking strong right from the start. Unlike Nifty, BN did not have a huge gap up, but the rising trend was clear and strong. The reason it was strong was because the moves were not wild swings but slow & steady. If you look at the 63mts candlesticks, you can notice the body becoming smaller. Usually, it is a...
CIGNITI TECHNOLOGIES (1W TF) - Swing Trade Analysis given on 17th March, 2024 Pattern: ATH RESISTANCE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * Disclaimer
NSE:IDFCFIRSTB This Guy After Down Trend Channel Break the Previous High Wait For WeeKLY Closing
Banknifty support and resistance for level based trading. This is my view and I recommend everyone to cross check with their studies,too. It works on both intraday & positional.
NSE:HAPPSTMNDS Its trading in the channel Taken good support from the bottom level of the channel. Its will give confirmation only above 954 but at Current level, RRR is good Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer SEBI UNREGISTERED This is our...
As we discussed in our last analysis, the market faced resistance from 49960. (Near Fib 1.414) If we look at the chart now: The market is trading at ATH. Also, the market is facing resistance in the resistance zone(1H-TF). The market is also showing a Bullish divergence that will force the market to be in the bull's favor. 49000 is a very strong level of...
📊 DETAILS Sector: Engineering - Construction Mkt Cap: 19,645 cr KEC International Ltd is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure interalia products, projects and systems and related activities for power transmission, distribution, railway and other EPC businesses. TTM PE : 73.58 (Average...
Banknifty also has the same structural sentiment; it has closed at the Fibonacci level of 23%. If the market opens with a gap-up and sustains it, then we can expect the rally to continue with minor consolidations. In that case, we can expect a minimum range of 49,021 to 49,183. Alternatively, if the gap-up doesn't sustain, we can expect the Fibonacci level of 38%...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk : Reward: 4-5 times.
BankNifty Analysis - Stance Bullish ⬆️ BankNifty does an inverted V pattern today due to which the Algos went negative. Was quite happy that the losses were contained in the end, but what I learned is that sharp rises & falls take out the stop losses at both ends. And what is the end result? We are treading nowhere. On the higher timeframe, BN looks more bullish...
Please follow levels , Step by step , we uses RSI 65, It clears most of the noises.
Please follow levels , Step by step , we uses RSI 65, It clears most of the noises.
Bank Nifty showed Recovery in 1st Half, but witnessed Profit booking in 2nd Half of session The Index scaled at New All Time Highs & reached near 49000 zone Any Dips towars 48500, 48000 may look for Buying setup as trend is Positive Overall Immediate Upside Resistance is Placed near 49000, 200 Range Tomorrow is important US CPI Inflation Reading * For...
Bank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as...
NSE:BANKNIFTY Bank Nifty, we have seen Almost 3200 points One way rally. Without any major pullback. From 45800 To 49000 Now I am expecting a Pullback till 48100 level and then sideways market For 2-3 days. After this range Formation in Market, We might see fresh breakout and then move for next all time high level again. Good to keep on the radar Always...
Godrej Prop form Cup and Handle pattern. It was given Break out of neck line 2550. As per chart it may test 4000 soon
📊 DETAILS Sector: IT Services & Consulting Mkt Cap: 624,227 cr Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is the 2nd largest Information Technology company in India behind TCS. TTM PE : 25.10 (Low PE) Sector PE : 34.35 ...
📊 DETAILS Sector: Air Conditioners Mkt Cap: 22,900 cr Blue star manufacturers air purifiers, air coolers, water purifiers, cold storage and speciality products. The Company offers turnkey solutions in MEP (Mechanical, Electrical, Plumbing, and Fire-fighting) Projects. It is the largest after-sales service provider for air conditioning and commercial...