As we can see NIFTY has formed more like an inverted head and shoulders pattern which indicates a strong uptrend in coming trading sessions! important levels to watch is 18170 levels which is also yesterday’s high and a neckline to break for uptrend to continue in NIFTY
SGX NIFTY | NIFTY is getting ready for a budget rally :)
Banknifty has given a close below it opening level forming a doji on day chart. The market couldn't cross above the 43k levels but is forming a higher high higher low formation showing some positive trend. There is a bullish moving averages cross over, on the hourly charts. The market closed gaining 300 points and crossing the 42700 levels. It is taking support...
Nifty is still in the confusion as it has formed a doji candle today. The market took support around 20 ema and after touching the level market got up. On hourly chart, market tried to cross over the level of 18130 but couldn't sustain above it. The market took support from both the moving averages. SgxNifty is trading almost flat. Watch for it in the morning as...
Go Long above 469.7 for Targets of 496.2, 522.7, 549.2, 575.7, and 602.2 with SL 443.2 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer...
Go Long above 231.75 for Targets of 255.8 and 279.85 with SL 207.7 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked...
Go Long above 278.2 for Targets of 312.4, 346.6, and 380.8 with SL 244 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with...
Go Long above 340.85 for Targets of 365.7, 390.55, 415.4, 440.25, and 465.1 with SL 316 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Go Long above 1016.15 for Targets of 1209.3, 1402.45, and 1595.6 with SL 823 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish...
Go Long above 40.4 for Targets of 45.3, 50.2, and 55.1 with SL 35.5 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Engulfing...
Go Long above 17.95 for Targets of 20.9, 23.85, and 26.8 with SL 15 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Harami (marked with...
Go Long above 2699.1 for Targets of 584.75, 637.4, 690.05, and 742.7 with SL 479.45 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Go Long above 1058.1 for Targets of 1108.75, 1159.4, 1210.05, 1260.7, 1311.35, and 1362 with SL 107.45 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level. 2. Also a bullish candlestick...
Go Long above 87.3 for Targets of 97.1, 106.9, and 116.7 with SL 77.5 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Engulfing...
Go Long above 396.4 for Targets of 416.5, 436.6, 456.7, 476.8, 496.9, and 517 with SL 376.3 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Go Long above 425.9 for Targets of 439.8, 453.7, 467.6, 481.5, and 495.4 with SL 412 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern...
Banknifty has formed an inside candle and a dragon fly doji on the weekly charts. It has been trading in a range and can give a trending market in the coming week. There is a doji on the daily charts as well which show a confusion in the market. Banknifty has closed near the 20 ema and support zone. On the hourly charts, the market has consolidated and closed...
As we can see BANKNIFTY had been consolidating since last week now and no significant move can be seen past 6-10 days hence we can expect a strong and unidirectional move in coming trading session anytime sooner! for the above move to happen banknifty needs to break either of the levels which includes 42700 being a strong resistance and below the level to be...