Nifty has formed a M pattern on the hourly charts and closed below 22k levels. It has closed around the 20 ema on the daily charts. If there is a gap down opening, another selling can be seen in the market. In case there is a gap up to flat opening, wait for the price to breach below the support zone. Major support levels :- 21920, 21830 Tomorrow is the...
Banknifty has given a nice bearish move today and closed around the day's low. The market was trading in a range for last two trading session and gave a good momentum after a break down. There is a bearish sentiment as the market has closed below both the moving averages on the hourly charts. Tomorrow is monthly expiry for the indices and if there is another...
NSE: MFSL is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed...
-Accumulation Phase: SRF Shares Gather Momentum in 30-Month Range of 2000-2500. Disclaimer: Information provided for educational purposes only. Trading involves risk. Conduct research and consult financial advisor before making investment decisions.
As we can see despite the weakness BANKNIFTY managed to get rejected around our important zone and closed more like in a positive note exactly as analysed in our previous analysis. Now we can expect some upmove in BANKNIFTY else we may see another test of the zone till 46100 before finally reversing so every dip can be bought positionally so plan your trades accordingly.
Finally, Banknifty is trading above 47k levels and a bullish trend may start in the index. After closing in a range and forming doji candles, there is a bullish marubozu candle on the daily close. The bullish move can sustain as it consolidate before crossing the levels. Tomorrow, if there is a gap up opening around 47200-300, there are high chance of market...
Nifty has given nice bearish engulfing candle after a consolidation on the higher levels. A good sell off in the market is showing some profit booking in the market and potential levels may be tested on the expiry. It has close 22055 levels. If there is a gap up opening, there will be chance of a halt candle. In case of a flat to gap down opening, there will be...
Currently ICICIGI closed at All Time high @ 1726.75 Along with Breakup out trade with Respecting to 20 EMA in uptrend. Stoploss - 1600. Target - Close the positions until it breaks previous day low or previous Market Structure.
NSE: JAMNAAUTO is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 15% to 21% gain on...
As we can see despite the strength in the first half, BANKNIFTY failed to sustain at higher levels and fell unidirectionally or we can say that it remained more like sideways to negative as analysed in our previous analysis. NOW that BANKNIFTY has shown substantial downside in last few days, we can see it is heading towards important SUPPORT 44100 levels and any...
FinNifty has remained completely sideways today and is trading in a consolidation range. On the hourly charts, the market has closed between both the moving averages and might touch the 200 EMA. In case of a gap down opening, there is probability of market going bearish and testing the lower levels. Major support level :- 20600, 20480 If there is a slight gap...
NSE: ATGL is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 16% to 27% gain on...
Entry - 240 Sl - 190 Target - 520 Always research before investing your hard earned money.
In the Weekly Chart of ASAHIINDIA , we can see that; it has made a Pinbar as inside candle Enter on breaking its high with low as SL. Expected momentum is shown in chart.
In the Weekly Chart of PVRINOX , we can see that, after continuous selling and Trendline breakdown, it has created a halt candle. Enter on breaking its High with Low as SL. Possible momentums are shown in chart.
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Either we will a strong selling or a W shape recovery. Trade with SL.
In the Weekly Chart of KAJARIACER , we can see that; it is at decision making point. Also, Halt candle is created. Enter on breaking its High with Low as SL.
In the Weekly Chart of RELAXO, we can see that, it is at decision making point and Halt candle is created. Enter on breaking its High with Low as SL. Possible momentums are shown in chart.