Stock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally.
Trading strategy:
Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured...
Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation.
Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible...
Looking at KIMS price movement from past couple of months, clearly, we can see a raise - distribution-fall.
However currently stock is below all moving averages - not convincing any reason to buy this.
On average 10K - 40K will be the daily volume and today it is 166K.
But why the delivery % is very high today? It is 95%.
KIMS - Delivery % data : ...
If banknifty breaks down then we might not see new bank nifty high at least 1-2 years. I think it must take support but lets see how it works. There are bad banking news from economically strong countries.
Can nifty can go below 16000? There are bad banking news from the economically strong countries. I have marked important levels. If it break last black line most probably we can't see new nifty high at least 1-2 years.
📉📉GBPUSD
In light of that Intraday view, I have my eyes still on the short-go GBPUSD as it tries to recover from its loss due to fundamentals.
From the current intraday consolidation buzz, I'm looking for Price breaking below the 1.2055 level with a good close, If we get this, There will be a pullback during the NYC session, from where We can short for around 150...
The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity.
Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing...
Exchange Traded Funds, or ETFs, are investment funds traded on stock exchanges, much like individual stocks. They are designed to track the performance of a particular market index, such as the NIFTY 50 or Bank Nifty, or a specific sector, such as technology or healthcare.
BANKNIFTY ANALYSIS WITH LOGIC :
1. If there is flat opening or gap up price should retest 39600 level if it retraces from that level we can short upto 39165 level.
2. If 39600 level breakes with strong bullish candle. we can take long positions upto 39990 level.
3. If the trend continues to downfall from 39165 level we can set second target upto 38712...
