As we can see BANKNIFTY showed strong upmove in the closing hour but we can see an very eminent resistance and a psychological level of 43500 which could potentially act as BOTH a resistance and a support hence any strong opening above the given level could act as a support but if opens weak than it could act as a stromg resistance so we must take trades based on...
So, once again yesterday we had witnessed the accuracy of technical analysis. Where on one hand, due to effectiveness of shooting star we had observed a gap down opening yesterday. On the other hand, we did also witness a beautiful bounce back in Nifty during the last Market hours. This positive bounce back, finally resulted in giving a stable closing of above...
Banknifty is back in form and it giving nice trending moves. It has given a the New Year gifts to the traders in the last expiry of the year. The market closed gaining 1% or 425 points giving a bullish engulfing candle and closing above the 20 DMA. On the hourly time frame, the market has given a bullish moving average cross over and gained 390 points in the...
The final expiry on this year has given a New year gift to all the trading communities. Nifty has formed a bullish engulfing candle and closed near to 18200 level. It is still trading between both the moving averages and after a sell has recovered very quickly. On the hourly time frame, the market has given a 110 points move in the last trading hour and closed...
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Banknifty has given a nice move and it taking a halt near the 43k level and 20 DMA. It has formed a gravestone doji after taking a resistance from the levels. Banknifty has given a nice up move but is taken a rejection near 61.8% fibonnaci level. On the hourly time frame, the market has taken a good support from the 200 ema and closed near the level. Though,...
Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis. The market today remain in a 100 point range and closed flat. Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022. On the hourly time frame, the market has traded near the 20 ema and closed...
NSE:MAPMYINDIA aka CE info system is showing way to UP move target 1372+ 15% + from this level. Buy above 1190
NIFTY BROKE 17800 LEVLEL BUT CLOSE ABOVE 17800 SUGGESTING THAT BEARISH MARKET IS NOT ACTIVATED. ON 26/12/2022 A Engulfing Candle is formed which is suggesting that Bull Run Can be possible and yesterday i am waiting for good upside market and same is happened, now today Bull run is possible you could see 17300 level today. You can see good Buying Volume.
> Infosys formed an Inside candle on 26.12.2022. > On day 2, i.e 27.12.2022, it has given a breakout of Inside Candle on upper side. > Also don't forget the buyback going on by the Company.
Another consecutive day of witnessing a positive movement in Nifty. However, there is a slight disappointment, as Nifty made a high of around 18150 yesterday, which was just below our stated Resistance level of 18170. Moreover, observing a Hanging Man Formation on the Day chart of Nifty, is somehow indicating that some selling pressure can be witnessed today....
Dr Reddy Cmp 4251 dated 27-12-2022 1. Hammer Candle @ support Buy above 4270 for target 4350-4420-4460-4500 SL 4200 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 means shall be responsible for any...
Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise, we did witness the same yesterday itself. Moreover, as we have been consistently stating about being cautious for the Month of December. Similarly, it is expected that this week too, will be a little volatile. So be cautious. Besides, with the strong support level of 17800, be...
As we can see NIFTY reversede exactly from the given level as analysed now we can see NIFTY heading towards its previous swing which could potentially act as a resistance, now we can look at important level being 18410 to which a strong rejection can be witnessed so we can expect a sideways market trading in a range so keep watching these important levels
Nifty Cmp 18014 dated 26-12-2022 1. Bullish Engulfing Pattern @ support. 2. Made this candle after a 5 % correction. So buy above 18085 for target 18175-18270-18310- 18450-18530 SL 17900 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...
Trent breaking out 200ema immediate target can be 1386 keep in mind the sl for educational purpose
NIFTY ON 23-12-2022 The Index didn’t hesitate to chase the negative sentiments arose due to the current situation of China and fell unidirectionally to retest 17800 during Intraday. It was discussed in the previous post that the Index may fall till 17800-500 in upcoming sessions as there is no favourable news for the Bulls. All the Sectoral Indices closed in Red....
As we can see BANKNIFTY had been falling since quite a while now which is more like a unidirectional fall now based on previous important demand zones we can see BANKNIFTY heading towards important level of 41500 which is also a psychological level and based on past data we can see this level has been respected very well in previous trading session before making a...