As we analysed BANKNIFTY has been sideways throughout the day now it looks like it is ready for some big move as it had been over a week BANKNIFTY had been sideways and had been hitting both SUPPORT and RESISTANCE making them weak hence we can EXPECT A BIG UPMOVE if BANKNIFTY opens flat to strong and sustains above today’s high but on the other hand if fails and...
Banknifty on the daily time frame has given a dragon fly doji and has given a close above 18300 level. The index has formed a higher high lower high pattern and is taking near a resistance zone. After a initial sell off the market has regained some points and gained 200 points. The market on 15 minute time frame, has crossed 20 ema and took resistance from the...
As we saw there had been an another sideways market throughout the day as analysed, now in bigger time frame we can see BANKNIFTY has formed more like an W pattern in bigger time frame and its the fourth time it is hitting resistance level of 43350 making is weak and hence we can expect a big breakout if opens flat to strong and breaks its todays high for more...
GBPAUD Short tram BEARISH Trend with multiple confirmed, then open SHORT TRADE. The first target 1.79269.
Good Morning! We are glad that we could pre aware our followers, about being cautious on the last trading day. As by the end of the day, on Friday, we did observe a significant supply pressure in the Market. Well for now, there’s a need to be cautious as we have entered the month of December, which is the end of the Financial Year of the FIIs. Moreover, we...
Ultra tech cement giving a break out of head and shoulder pattern on the higher time frame. The stock on the weekly time frame has given a breakout of the inverted head and shoulder pattern with good volumes. On daily time frame, the stock is halting on the higher levels. The stock as also formed an inside candle on the daily time frame. 3 point confirmation....
Eicher motors closed below the 20 ema kn the weekly time frame with high volumes. On daily analysis the stock has also breaker down the support level of 3355. The stock seems to be in a down trend and can trade to even lower levels. 3 point confirmation. 1. Closed below 20 ema ( weekly time frame). 2. Retest of 20 ema and going below the resistance level on...
BHARATELECTRONICS(BEL) has formed a green candle near the trend line in 1D timeframe. Hence there is a chance it can go long if it sustains the price momentum. First Target - 110.8 Second Taget - 113.5 Stop loss - ~103.5 Cheers. Happy Trading to you all.
Banknifty on week to week basis has closed only 120 points higher and is taking upper wick rejection. The market has been trading in a narrow range and trending market is expected once the market start closing above 43300 or below 42800 levels. Consolidation is there on the higher levels and both the indices have formed new ATH's. On the daily time frame, the...
price has formed a morning star pattern taking support near quarterly cpr there is a successful pema pullback and price is trading above previous year high sustaining above Previous quarterly high would give a good upmove as long as next week cpr is held intact.
Nifty Up & Down Side Targets for Monday Nifty Down Side Targets First Support Zone For Nifty - 18668 - 18680 Second Support Zone For Nifty – 18583- 18605 Third Support Zone For Nifty – 18455 - 18444 Nifty Up Side Targets First Resistance Zone For Nifty ...
GBPAUD SELL SETUP on supply and demand STOPLOSS 26 pips take profit 63 pips
PRINCEPIPE | Breakout in FII counter - Looks potential for 20-40% short term CMP : 598 (Dip : 575) SL : 540 Target : 730, 850 1:3 risk reward setup for first target
HERITGFOOD | One more food company - Looks potential for 30-50% CMP : 345 (Dip : 335) SL : 310 Target : 440, 540 1:3+ risk reward setup
As we can see BANKNIFTY despite the huge gap up couldn’t sustain itself and fell one sidedly and went inside the zone of consolidation.. We might see BANKNIFTY hovering between 42900 to 43350 levels before showing a unidirectional rally, moreover if BANKNIFTY opens weak tomorrow then we might see a volatile to weak market
Starting with a gap up opening and then gradually leading on to make a fresh new all time high of 18887.60 was all about yesterday’s glory. These back to back 3 Consecutive days of Nifty making a fresh new all time high has undoubtedly been captivating for all market participants. Not to forget about being grateful for the art of technical analysis, because of...
Cholamandalam Inv Cmp 729 dated 1-12-2022 1. Previous day made Doji Candle & Today closed @ High of the Doji Candle. (Buy Signal) 2. Triangle BO @ 730 Buy above 730 for a target of 745-765-780 SL 705 Disclaimer : I am not a Sebi registered Analyst so please do your own Analysis before taking any action. The above view is...
Banknifty Up and Down Side Confirm Targets For Friday F&O Trading Down Side Targets For Banknifty First Support Zone For BankNifty – ( 43103 - 43116) Second Support Zone For BankNifty – ( 42912 -42927 ) Third Support Zone For Banknifty - ( 42770 -42785...