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.
After the budget announcement market was in rangebound since then, now scenario is getting little bit bearish after going out of rangebound. Nifty is getting good support from the trendline, hope it will go good downside if closes and sustains below the trendline. Metal Sector and Financial sector giving support for good downside in nifty ahead.
Daily Learning Day-28 Market hasn't broken previous day's high in last 6 trading sessions and market is overstretched. PDH level break could lead to a bullish momentum.
On weekly time frame, SPY has formed an Inside Candle. This pattern indicates there would be a downside breakout in the week of 13th Feb or the subsequent week. If that happens, the first target would be 397. If in the subsequent week of the breakout, the price opens around 395 or in simple words the trend continues then 382 would be second target with is a strong support.
As we can see NIFTY got some rejection from the support as analysed but expecting some greater upmove in coming days if sustained above 17350 levels, based on the global cues we can expect a gap down opening which will let NIFTY open around demand zone hence any signs of reversal would show good upmove else a sharp fall can be seen in coming trading sessions if...
banknifty cmp 40001 upside 40`66 40568 dwnside 39901 all education purpose only
VTL | Flag in 4H time frame - potential for 10% short term CMP : 319 (Dip : 310) SL : 300 Target : 355 1:3+ risk reward setup Weekly chart shows are strong reversal aswell.
As we can see we expected a rejection around 17700 levels but it failed to take support at that area and fell unidirectionally hence now we can expect NIFTY to fall further towards its important support lying around 17440-17330.. any signs of reversal around that area would be a good buy for 400-500 points positional
Daily Learning Day-26 If the market moves in one direction during expiry without much correction, there is a higher possibility of getting a profit booking on Thursday(weekly expiry).
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
Thermax Cmp 2127 dated 22-2-2023 1. Big Bullish Candle after a correction engulfing last 6 candles. 2. RSI Divergence 3. Volume rise Buy @ Cmp & in dips for a Tgt of 2180-2260- 2310-2400-2500 SL 1190 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...
One Hour Chart Analysis For Intraday Trading Nifty Demand and Supply Zones for Day Trading Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17445 - 17460 Second Support Zone For nifty50 – 17348 - 17365 Third Support Zone For nifty50 – ...
As we can see NIFTY had been in downtrend throughout the day but we can see it heading towards possible demand zone, watching global cues we can expect NIFTY to show gap down opening and can be seen opening around demand zone but in case it opens below the demand zone the level of 17700 might act as a resistance hence tomorrow’s opening is going to be very crucial...
Banknifty has formed a doji, consolidating in a range on only 400 points. It is taking support from 40600 levels and can retest resistance before another fall. On the hourly time frame, market remained volatile and in the second half consolidated in 40600-770 range. The market has given a nice consolidation and beark out/down will be good to trade. Banknifty...
bergerpaint cmp 570 dwn side 564 upside 583 599 617 all education purpose only
Nifty has formed another negative candle and closed below the 20 ema. The market took support around 17800 levels. On the hourly time frame, the market tried to trap the bullish trades. It took resistance from the moving average and reversed giving a nice bearish trade. There is a bearish moving averages crossover also. The market remained in a 100 points range...