Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe...
for intra players..... expecting a good movements in banks.. so intra players keep an eye on it......
banks in a consolidation stage. so breakout/down possible. banknifty making doji es so must watch
5th feb candle in the daily chart is completely out of the Bollinger band. This indicates that the Bank Nifty will take a sharp turn to return and find a solid support. On the other hand, weekly charts have a very strong bullish engulfing pattern which means that uptrend might just continue. The gap between the trendline and the candles is way above understandable...
for intra players it can give u good opportunity. banks re felled a lot so expecting recovery
watch it everything mentioned in the chart.. if u have any doubt just inform okay thanku
I see a hanging head and shoulder pattern on Bank Nifty and will fall after the neckline break. Target expected is 2.30% from the neck line. Lets watch.
ICICI Bank formed a bullish engulfing pattern on daily charts. Catalyzed by an order of the Supreme court, the trading opportunity is huge. Buy on open with a move of at least 2-3%. NSE:ICICIBANK
SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance. Initiate short calls. Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197. NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN
Buy the stock for a recovery upto the level of 450-455 minimum.
1) On the downside if price takes out S1 in 15mins & then S2 is the target. If S2 is also taken out in 15mins then S3 is the target. If S3 is taken out in 1 Hr time frame then the white dotted line is the target. 2) On the contrary, if the orange line is taken out upside in 15mins then the orange zone is the target and price can reverse back from there if not...
Nifty - Technical Analysis: -NSE Nifty 50 index fell for second straight session dragged by weakness in banking, financial services and FMCG shares. -NIFTY was sustaining above 11550 for the first session of the day but witnessed high selling pressure during the last hour and was brought down. -It bounced from the 200SMA in 1hr candles for the second time...
Hello! Friends, I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. The price is Becoming weaker by testing multiple Times at control Price, The price is COnsolidation from last month . If is continue consolidation We will see litle correcction in the price Where we will get Buying...
SBIN after a long consolidation have given a breakout of the major resistance of 195-200 zone and at the same time given a breakout of symetrical triangle pattern and now retesting it. A long trade can be initiated here with sl of previous swing low for target1 and target2.
I hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
In Bank Nifty 22400-22500 acting as a strong resistance zone. And RSi is dimnishing.. Failed to break these level Bank Nifty might test 21300 - 21400 again.
446-447 levels seems very important levels. Stock has broken this level, But tomorrow if it opens below the level then we can look for short opportunities. However if not we can look for the long opportunities in Axisbank.