Nifty on the daily time frame has given a bearish engulfing candle engulfing three previous candles and closed 186 points lower.
The market has finally shown some momentum after a long time and the selling was there from the opening itself.
On the hourly time frame, there is a bearish moving averages cross over and a nice trending market was seen today.
Not a...
Banknifty on the daily time frame has given a bearish engulfing candle and closed 740 points lower breaking the 20 ema.
The market has finally shown some momentum after a long time and the selling was there from the opening itself.
On the hourly time frame, the market broke the 200 ema, gave a retest and closed below both the moving averages.
The global market...
Short term
IPCALAB Long (21 Dec)
Range breakout, Hammer & doji candles at low
RSI-63
Buy at CMP- 894
SL- 860
Target- 944, 976
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Good Morning!
Just as we had stated yesterday about waiting and watching the market's momentum along with the support level of 18170. Similarly, we did observe how beautifully the Index took a bounce back from the stated support level, as it made a low of around 18202, yesterday.
Moreover, it was also observed that even after making a high of around 18404, the...
NSE:APOLLOTYRE
I'm long in this One my SL is below 300 which is a good phycological level.
Don,t know the Target Jha tk jayega lete jayege.
longing it because it comes above after consolidation
Banknifty on the daily time frame has tested the 20 ema and hasn't closed below it.
There is a dragon fly doji on daily time frame and 55 points lower.
On the hourly time frame, the market tested 43000 level and in the closing hour of the session gave a nice bullish candle closing above both the moving averages.
The market, on the 15 minute time frame, has...
After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower.
On the hourly time frame, the market gained some momentum closing above both the moving averages.
The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level.
On 15 minute...
Support & Resistance Zones For BankNifty Intraday Trading
Support Zones
Frist Support Level For Buying - 43240 - 43260
Second Support Level For Buying - 43100 - 43120
Third Support Level For Buying - 42910 - 42930
Resistance Zones
First Resistance Level For Selling - 43395 - 43415
Second Resistance...
Just as we had stated yesterday, about observing the formation of an inverted hammer on the Daily as well as on the Weekly chart of Nifty, also about witnessing a bounce back and thereafter a closing of above 18400. Likewise we did witness exactly the same yesterday itself, as fortunately Nifty gave a closing of 18420.45
Well, now it's time to witness some...
Titan Cmp 2522 dated 19-12-2022
1. Bullish Engulfing Candle near the support.
2. RSI Reversal
Buy above 2530 for target 2585-2610-2635-2665
SL 2460
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...
Nifty is showing some signs of recovery and has formed a strong bullish candle.
The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages.
Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high.
On 15 minute...
Good Morning!
We are glad that our pre-updates on being cautious in the Market, could help all our followers during the previous week.
Well, as of now, on observing the formation of an inverted hammer, both on the Daily as well as Weekly chart of Nifty, we are quite hopeful for a bounce back in Nifty. Which if happens, then we can witness a positive closing of...
Please have a look at the NSE:BAJAJHIND . It has such a Very Big Volume spike with the RSI is shooting the roof.
And it is just crossed the big-time resistance with a marubozu candle (actually upper circuit in Friday).
With a few months of holding it can double the investment.
Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels.
The markets has been in a bull move and this can be a retracement before another bull leg.
On the daily time frame, the marekt has tested its 20 ema and closed above it.
As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels.
The...
