Bank nifty is at crucial support level at 43443. If it breaks then we can see more fall towards 42000 levels.
buy above 43480 target 43572,43655,43755,
sell below 43443 target 43333, 43222,43111
Nifty is in failing wedge pattern if it breaks 18644 then we can see more fall towards 18000 level.
Buy above 18688 target 18720, 18747,18767
sell below 18648 target 18623, 18595, 18577,18555
After a long correction both time wise and price wise
-> stock showed first clean 5 wave rise
-> what followed was a perfect "abc" correction which touched 66% retracement levels
We cannot get a more cleaner structure in EW than this chart has provided for Wave 1 and Wave 2
The reversal came with strong 1 day candle that closed again above the falling channel...
Hello traders
Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry.
If you see the post that are posted yesterday you will learn and earn great in share market.
For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750...
Gave a decent breakout and consolidating in a triangle pattern. Can take LONG position once the trendline is broken by a strong 30 mins candle and also let it close. For shorting opportunities you should scalp as the trend is bullish . And also let the market cool down or let it establish a trend and take trades accordingly.
Also, checkout my NIFTY50 Technical...
The beast in banknifty got unleashed today, after a long gap banknifty options really started surging today! You wont believe the OTM prices went above the traded range of Wednesday, that too today being an expiry day!
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BankNifty Weekly Analysis
During the current expiry week 9th to 15th June, banknifty shed 556 pts ~ 1.27%. You may not believe that 544pts i.e...
Hello Traders!
I mentioned in the last update of the BTC idea, how I started learning ICT concepts, around a month back. This is the first idea to be published based on those concepts. One must understand that these concepts are vast, and I've only begun it. Everything gets better with more and more practice.
1. Let's begin from 14th April 2023, where DXY...
In H4 Gold is ranging between 1985 to 1935 level. May be possible to continue range for Some Day or Break down side level 1935. So Trade Care fully . Tomorrow Will CPI News Upcoming. Good Luck for this week.
Here is interesting perspective to look at BankNIfty. Chart is comparing BankNifty with Nifty. BankNifty has not performed better than Nifty since December 2019. Even the ATH did not breach highs of Feb 2021.
Traders like volatility and BankNifty has served them well. Chart sets a tone for underperformance in future. Most likely interest rate cuts will be the...
We might see a reversal from the bottom or it might fall down to below more, let see the structure today and make sure to place SL in this kind of market.
Market Reactions to Fed’s “Hawkish Pause”
Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely...
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Ashok...
An ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
Script = Tata Steel
Time...
consider the facts of the potential a small investment could do im aware of the potential harmonic confirming bullish formation.Just a good point to consider..
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Today's price action is very interesting mainly because
banknifty proved the last 30mts of surge yesterday was fake
banknifty won the tug-of-war with nifty50 at 15.00 today
We will analyze both of them in detail.
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1. We had an unusual gap-up opening and then sudden fall of 220pts ~ 0.5% in 20 minutes. Banknifty went below the support of 44068 inside...
