An evening star is a candlestick pattern used by technical analysts to predict future price reversals to the downside. Although it is rare, the evening star pattern is considered by traders to be a reliable technical indicator. The evening star is the opposite of the morning star pattern. The two are bearish and bullish indicators, respectively. Script = Axis...
NiftyBank One Hour Chart Analysis with Banknifty Target Support Zones Frist Support Level For For Long Banknifty - 40452- 40496 Second Support Level For Long Banknifty - 40067 - 40103 Third Support Level For Long Banknifty - 39690 - 39750 Resistance Zones First Resistance...
The Inverted Hammer also forms in a downtrend and represents a likely trend reversal or support. It’s identical to the Hammer except for the longer upper shadow, which indicates buying pressure after the opening price. This is followed by considerable selling pressure, which wasn’t enough to bring the price down below its opening value. Again, bullish confirmation...
As we can see NIFTY took support at important demand zone as analysed and did closed above the demand zone and watching it close we can also see more like a W pattern which is also a sign of REVERSAL hence any strong opening with closing above today’s high could show a strong unidirectional rally hence keep watching everyone
Jindal Steel Cmp 553 dated 27-2-2023 1. Hammer Candle after 10 % correction. Buy above 559 for target 570-585-599-610 SL 543 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase...
Maruti Suzuki Cmp 8632 dated 27-2-2023 1. Hammer Candle Made @ support Line. 2. Good RRR 3. Triangle Pattern Formation Buy above 8645 for target 8710-8750-8835-8900 9000 SL 8530 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for...
The analysis is done on Monthly TF hence price may take few weeks to Few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
As we can see NIFTY has technically broken down the support and hence any weak opening can show good fall below today’s low on the other hand if opens strong we might see sideways to volatile market today so tomorrow’s opening is going to be really important keep watching everyone
One Hour Nifty50 Chart Analysis For Nifty Tomorrow Prediction with key Support & Resistance Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17255 - 17265 Second Support Zone For nifty50 – 17145 - 17160 Third Support Zone For nifty50 – 16945 - 16960 Resistance Zones For nifty Intraday...
As we discussed yesterday that NIFTY might show a rejection and one position be made and similar to that we saw a strong rejection around the demand zone now we if nifty opens strong we might see a strong upmove tomorrow if sustained above the given support on the other hand if opens weak and breaks todays low then we might see a bug fall incoming so keep...
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although...
Possible Trade in Nifty future & Option Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17143 - 17160 Second Support Zone For nifty50 – 16945 - 16960 Third Support Zone For nifty50 – 16825 - 16840 Resistance Zones For nifty Intraday...
As we can see NIFTY had been in downtrend and has formed more like a double top pattern in smaller time frame hence if NIFTY couldn’t take support around 17350-17400 then we might see a sharp fall in coming trading sessions till 16800 hence we might make a long position around current levels with small SL if couldn’t sustain itself then we might see a big call...
Nifty on the weekly time frame has closed below the 20 ema and formed an evening star pattern on the higher time frame. Market has consolidated for 2 weeks and given a fall after the consolidation. On the daily time frame, the market has constantly taking resistance from the 200 ema and given a close below it. Though, it has taken support from 17440 levels, but...
Bank Nifty Cmp 39909 dated 24-2-2023 A. Buying Scenario 1. Bank Support @ 39400 2. Thursday was a Doji Kind Candle. 3. Friday closed above Doji kind of a Candle. 4. Bank Nifty Corrected 4600 points from high's i.e.10 % Correction. Here we can Take a chance trade & buy Bank Nifty @ 40150 for target 40500-41000-41400-41800 SL 39400 B.Selling Scenario 1. Bank...
Titan has formed Doji at FIb 61.8 and taking support at RSI Disclaimer : I am not SEBI registered analyst kindly consult your advisor befor taking any trading decision
CPR Indicator helps you analyze the market in a very simple and effective way. No complex formula or analysis is required for market analysis. Here we can see that with the help of Leega CPR indicator we can clearly identify key areas for trading on the chart, like Virgin CPR, Narrow range CPR, PDH reversal and Value Area identification. If we are able to mark out...
The pattern consists of a small red candlestick followed by a larger green candlestick that completely engulfs the previous red candlestick. The red candlestick represents selling pressure, while the green candlestick represents a strong buying pressure that is able to overcome the selling pressure and push the price higher. The potential targets are 305, 345 and 380.