sensex taking support at 200 moving average if it breaks then more fall possible.
BUY above 62786 target 62929, 63001
sell below 62359 target 62222, 62087
HDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as...
BankNifty Future Analysis for Today 2nd June 2023
As per our #analysis for #BankNiftyFuture, we are expecting these Intraday levels today, kindly check the charts on 15 min time frame and act accordingly.
#IntradayLevels
Disclaimer: All the provided levels are for #educational purpose only, please do your own analysis before doing any trade in the live market...
banknifty broken it's long time support and trading below 200 moving avergage in 15 minutes time frame. Banknifty has strong support at 43500 level.
sell below 43755 target 43661, 43559,43462,43263
buy above 44023 target 44094,44279,44469
nifty has long trend line support at 18404 level. if it breaks then more fall possible. if it takes as support then we can see the 18600 level by monday.
Buy above 18570 target 18595, 18646,
sell below 18484 target 18438,18383
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This is a one-way short position strategy on the Bitcoin 30-minute chart.
Light blue finger movement path
1. $27133.5 entry into short...
As i told in my previous analysis that if price again goes down below this prvious 5 tops pattern support
it will go down much lower and it went.
now there is a high chance that price may again try to climb above this 5 top resistance ,today, and if it
happens than you may see a good upmove.
but if it crosses down below 43803, you may see 43432 level.
In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Script...
A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If...
Self explanatory elliot wave chart if breaks previous swing high it will reach min. 550.
Alternatively it can wave X of WXY with W being flat but less possibility. Tomorrow open will decide whether it will go to 550 or again test 510-500
1. Major trend is Bullish
2. RR is lucrative about 1:5, if trade with aggressive SL
3. If target is 545 levels then keep room for price to move and wait for closing SL below 322
4. If trend changes and price to reverse then follow 305 level as SL
retest on the fvg ob and old high leading to a move to the upside hitting the -1 fib level taking out the highs on its way following the daily bias after rebalancing the daily imb and breaking the intermediate term high
In nifty the market break previous high and formed a new poi at 18205-18225
the point to make poi valid is it has a fair value gap at18260-18325
NOTE;This analysis is only valid if market does not take the high at18660
Pick a list of 100-200 fundamentally strong stocks - large market cap preferably (Sml market cap only if you dont want to use stop losses and have faith in the stock)
go to the monthly chart
identify the all time high
then draw a line at the wick of the first candle that wipes out the all time high candle completely.
now make another list with all the...
