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Bullishpattern

05 Apr - Nifty was Flat, BankNifty picked up momentum!Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Now take a look at the 63mts chart, and see where the reversal came from ~ 22295 levels. That is the main reason why we said a stance change is required only if 22295 is broken and since we did not do that, we continue to remain bullish.” Nifty had no momentum today, but BankNifty had lots of it. Yesterday SPX & NDQ had a real down day and its spillover effects were visible during the opening minutes. We opened gap-down and then slowly recovered from that. There were no abrupt or wild movements for a change. That takes me to the next question, why did we really have a 300+ point fall yesterday? It was not because of RBI MPC, otherwise we would have passed the swing high. How many of you think it could be because of the worsening situation in the Middle East? Today was an inside day with no real momentum and that does not mean that we are not bullish. We will keep an eye on the Global macros, if the news about the War widening in scope both in Ukraine and Israel is true then it could really kill the optimism. Just before the macros worsen - GOLD prices go up. An escalation of tensions will shoot up the OIL prices as well. At present, we have both.
NSE:NIFTYLong
by viswaram
HDFCBANKHDFCBANK :- The stock has tried to break the resistance many times on the daily time frame. Keep an eye on the stock. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:HDFCBANKLong
by AjayDhakad_Keep_it_simple
1
Bitcoin Bullish Projection with Bearish RidesAs Per 2-hr. chart Analysis, #Bitcoin here moving Perfectly #Bullish but after taking some #Bearish Bumpy Rides of $4-5k to $8-9k bumpy divergence rides, that were creating a major liquidations into market in every 2-3 days with majority of both positionings of Long & Short. as per Bullish signal trend, next movements of Uptrend starts soon in coming week towards $75k-77k, while at $74k , their will be majority of CRYPTOCAP:BTC trading funds liquidations again.... Anyways, #DYOR and Trade wisely by using of #Stoploss and FOLLOW SHARE COMMENTS on every Predictions...!!
Long
by AskToRahulSirohi
1
06 Mar ’24 — Nobody believed us when we said Banks are bullish..BankNifty Analysis - Stance Bullish ⬆️ The major move in Banknifty in the opening hour itself. See the encircled region and see how the 47465 support came into play. Support and resistance have the highest weightage in my technical indicators arsenal. If you have been reading my reports - you may agree to it without doubt. The only thing is, you need to draw the horizontal lines carefully. 4mts chart Two things happened when BN rallied 713pts ~ 1.5% in the opening hours. Firstly it gave so much of positive momentum to Nifty50 that even a laggard like NiftyIT had to reverse course and align with the GREENs. Secondly, it threw our algo positions under the bus. The swift movement ensured whatever MTM loss the positions went into, we were sure that the end was never going to be in green. Not quite sure if we will take out the ATH tomorrow, but seems like we are going to have another green day tomorrow. As long as the support of 47465 is respected, the bulls are going to have a nice time. 63mts chart – Algo Trading Our algo trades ended today with a loss of 19656. The opening hour casting its spell, the MTM loss was almost 65710 at a point, so we are quite thankful for the wonderful recovery we had post that trauma.
NSE:BANKNIFTYLong
by viswaram