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...
BankNifty Chart analysis. Trading plan for tomorrow and Level.
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...
STLTECH | Small triangle breakout - Looks potential for 25-30% (First target) CMP : 188 (Dip : 180) SL : 165 Target : 235, 300 1:4 risk reward setup (1st target)
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...
LT CMP 2175 DATED 16-12-2022 1. Shooting Star Candle at the top of the chart (Negative Candle) 2. Sell below the low of the candle & SL high of the candle. Sell below 2160 for target 2135-2095-2075-2040 SL 2215 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any...
As we can see BANKNIFTY had been falling from the level we analysed for over 1000++ points now we can see BANKNIFTY heading towards those area where the trend actually started hence we might see a strong REVERSAL from 42900-43000 levels and any sign of reversal is shown around these levels then we might see a good 200-300++ points reversal so keep watching everyone
IDFCFIRSTB has an Evening Star Pattern at the top of an uptrend. Also the volume is decreasing. And the RSI is moving downwards from overbought region. Trade: BUY above 64, SL: 61, T: 66/68 SELL below 60, SL: 63, T: 57/55
Just as we had stated yesterday about being cautious as a result of witnessing the Doji formation on the daily chart of Nifty. Likewise, we can see that the Index is back near to its support level of 18400 once again. Well for now, let's consider Today as a No Trading Day! Moreover, since today is the last trading day of this week, so be a little cautious along...
Hey Everyone this is just to inform you This is time to be careful. The index is at its Crucial support level. Below this, the bear will hold the command. The closing for today was extremely, very awful. Swing trades will not do well. Even the trades that I've shared too. So be cautious guys. You guys can ask questions in the Comments, and I'll keep you guys updated.
BANKNIFTY fell exactly as analysed and fell over 500++ points but now looking at NIFTY we can see NIFTY heading towards important support which is 18300-18350.. based on global cues we can expect a gap down opening tomorrow but if opens around these levels then we can see a sharp recovery in the first 15 minutes hence tomorrow’s opening will be very important
Fascinatingly, just as we had stated yesterday itself about the need to witness a closing of above 18666. Likewise fortunately or unfortunately, Nifty has given a closing of 18660.30, yesterday. So, make sure that you don’t miss our Morning Mantra update every trading day. Well as of now, observing a crossed Doji formation on the Daily chart is somehow...
As we can see as analysed BANKNIFTY is making back to back new high and today also it made a new high today now we can see 44000 is being well protected hence till 44000 is protected we can go long but we can expect a bigger correction if banknifty fails to take support at this psychological level so keep watching
Banknifty Expanding & Spinning Top Banknifty in HH4 position so its probability to take a support 43700 New range 43700 - 43300 If tomorrow start from a support zone its must go upper side and if start from a new HH its must be analysis before trading and if start from same position its going down (Predicted) PCR above 1 but there is strong chance to take a...
Bajaj Finance Cmp 6506 dated 12-12-2022 1. Doji Candle @ Support Line Buy only above 6540 for a target of 6610-6680 6740-6850 SL 6450 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...