1) Strong weekly candle close. 2) Expect another 15 to 25% rally in upcoming weeks. 3) We can wait for the retracement next week and then take an entry If it seems to be risky.
Breakout or fake out ? Almost 1 yr below resistance. Will it cover GAP?
As we can see BANKNIFTY had been in downtrend since last week now respecting a trendline, watching in a bigger time frame we can see BANKNIFTY in more like inverted flag pole pattern which is more like a bearish continuation pattern hence we can expect BANKNIFTY to break down but important levels to watch out are 41500-41800 being an very important SUPPORT and...
Banknifty remained in a volatile mode and traded in a range on just 250 points. It has been constantly facing resistance from the 20 ema and today also it tested the level. The market has formed an inside candle and closed 130 points lower. Banknifty is trading in a parallel channel and consolidating beautifully in the zone. On the hourly charts, the market...
Being weekly expiry the market remained sideways and there was option premium decay. The market has formed a doji and an inside candle on the daily time frame. It took support from the 20 ema and closed losing 50 points. In the second half the market consolidated and constantly tested the 200 ema of hourly charts and closed between both the moving...
It's my personal view. This is for educational purpose Only. This is not buying or selling recommendations. I am not sebi registered. Please consult your financial advisor before taking any trade. Thankyou.
As we can see NIFTY had been moving up unidirectionally after breakout and hence we can expect a rejection anytime sooner around 18250 levels which had been an influence point previously and also a psychological level hence we can expect the rally to continue till 18250 before the rejection is witnessed so keep watching everyone
Banknifty has been taking a rejection from the 20 DMA and today it also took resistance from the level. The market has taken support from the support level and formed a flag and pole pattern. On the hourly charts, the market has closed between both the moving averages. There is a bullish moving average crossover, on 15 minutes chart, and closed near the 20...
Nifty on the daily time frame has given a nice bullish candle and closed above the 20 ema. The market in the second half has consolidated and can give a nice trending market if it breaks out of the box. On the hourly chart, there is a flag and pole pattern and closed above both the moving averages. There is a RSI divergence, on 15 minutes chart, which shows...
Trent Cmp 1223 dated 18-1-2023 1. Hammer Candle @ bottom 2. Candle is made after a correction of 20 % 3. RSI Divergence Buy @ Cmp for target 1250-1285-1310-1360 SL 1180 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...
SGX nifty Key Levels SGX nifty Is Future Of Nifty50 So We can Get Idea about Nifty50 Trend Support 1 - 18171 Support 2 - 18097 Support 3 - 18000 Resistance 1 - 18270 Resistance 2 - 18350 Resistance 3 - 18500
As we can see NIFTY being in range finally broke out of the trendline and also closed above psychological level and important support of 18000 hence we can expect NIFTY to show some great upmove till 18000 is sustained above and not broken down hence as flat opening can show the continuation of uptrend hence we can start making new long positions from here
Banknifty again tested the 42k levels and regained some points, giving a close around 42200 level. The market opened some points higher and took support from the hourly 20 ema. In the second half the support and moving average was broken and market tested the support level of 41950. Index has formed a doji and closed almost flat, just wiping off option...
Nifty on the daily time frame has given a green candle closing 150 points higher. The market has finally closed above 18k level and near 20 ema. On the hourly time frame, the market has closed between both the moving averages and has formed a higher high higher low pattern. The market in the last hour broke above the level and closed above it. If the market...
As we can see NIFTY had been trading in downtrend since 2 weeks ! now we can see NIFTY had been trading in range now but that states that a very big move is emminent which could be both downside or upside hence we must look at some important levels for now which are 17800 and 18000 which is a tight 200 point range hence we should wait for either levels and sustain...
Banknifty Support and Resistance for Option Buying Support Zones Frist Support Level For Buying - 41645 - 41690 Second Support Level For Buying - 41365 - 41395 Third Support Level For Buying - 41060 - 41090 Resistance Zones First Resistance Level For Selling - 42360 -42390 Second Resistance Level For Selling - 42870 ...
Varun Berverages Cmp 1207 dated 16-1-2023 1. Bullish Piercing Candle @ support. 2. RSI Divergence Buy above 1215 for target 1230-1270-1295-1330 SL 1140 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...
Banknifty for last 6 trading session in trading in 800 points range. The market is consolidating and a nice trend market can be on wednesday or thursday. The market has been taking resistance from 42700 levels constantly and if the market breaks above the level, 42900 level can be achieved in intraday movement. Today market has tested the 20 Dma and might test...