Immediate resistance 21896.15 (along with 21813 recent pivot) Upside targets 22022 and 22306.60 Downside supports 21500 and 21206 While trading for new entry or existing positions, these levels will act as major support and resistance.
Greetings everyone, I think that either the NIFTY50 or the entire market is entering a Bullish trend. Starting from today or possibly in the upcoming week, it seems likely that the market will commence a UP ward direction. This projection is based on two potential factors: -> Today Imp Resistance level 21517 Crossed. -> We have strong Support in 21250 and it was...
BankNifty Analysis - Stance Bearish ⬇️ The unusualness of the last 30mts was more obvious in the Banks - HDFC, ICICI, AXIS and Kotak. Seems a news/event is brewing and we may get some clarity in the coming days. The good thing is that it broke out pretty late in the day, which meant the expiry was not totally screwed. 4mts chart How many Analysts you know are...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: ”The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target...
i just explain how market take resistance @privious breakdown point and what next view for tomorrow.
Hello guys here I am sharing the support and resistance levels for Bank nifty for the Budget day tomorrow support and resistance are mentioned on the 30 minute time frame chart simple trading idea is break and close above of resistance so we can go for buy and if break and close below support we can go for a sell because on 30 minute time frame chart price is...
Hello guys here I am sharing the support and resistance levels for nifty for the Budget day tomorrow support and resistance are mentioned on the 30 minute time frame chart simple trading idea is break and close above of resistance so we can go for buy and if break and close below support we can go for a sell because on 30 minute time frame chart price is...
Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for #Support & Resistance zones: Red - Sell, Green -...
Nifty Chart set up - In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels - a lot of resistance between 17740-18140 - on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels Derivative Data - FIIs have gone in...
Hi traders, One of the biggest day of every traders and investors. So my first request to every new traders and investors see the tomorrow's market avoid trading tomorrow. It is not easy to trade on that day. Who are capable of understanding the levels and price action properly then only trade otherwise avoid don't use any indicator it will not work for sure....
Guys see can how many times the market trapped traders on both sides, what do you think who has been able to make money out of this type of market...... I think scalpers have made a lot today!
Positive Budget 17800 Still we have to be cautious for next 2-3 days closing above 17800 will be a good trigger.
inverted head and shoulder ascending triangle follow your risk management
Nifty has formed a REVERSE H&S pattern but remember before any breakout and retest it may be dangerous because if you see in the case of nifty it has formed the reverse h&s pattern but the trend in higher time frame is not changed . The trend will only be changed after 17780. if nifty forms higher high after that level then only go for long. Target will be...
#banknifty analysis.... today we see unexpected pull back in market.. Tomorrow might be gap up and cross 40900 zone. If the market break 40526 then we can go for CE(CALL) First target = 40602,40737,40878,40905. If the market break 40347 then we can go for PE(PUT) First target = 40171,39966,39736.
IRCTC showing signs of reversal prior to Budget. Expecting to move up during budget
GOOD price volume action seen Taking support from Previous trend Line . Now It is forming a Inverted Head and Shoulder pattern R: Favourable