After month almost breakout of trendline and now retest and ready for move 125 recently strong resistance if is close above 125 the we can see a target of 140
As we analysed BANKNIFTY again made it very obvious of its inverted head and shoulders pattern in smaller time frame and finally fell but it did closed on a good note which is above 42000 mark which is also a psychological level hence we can expect a sideways market tomorrow id sustained above 42000 mark else if faliled to sustain then we can see sharp fall till...
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Banknifty has formed a nice bearish trend on the daily charts. And if the market breaks below 42920, it can test 41650 levels. On the hourly charts, the market respected the 41900 levels and closed above 42k level. It closed below both the moving averages. There is a bearish moving average cross over and market started trading below the previous day low. On 15...
A nice break down in the Nifty and started trading below the previous low. The market has been trading below the moving average and is trading in a range. On the hourly time frame, the market took support near 17880 and recovered and closed above 17900 levels, dropping 1%. Market has been consolidating in 250 points range. If the markets break below 17800...
Forming Dragonfly Doji's with high volume and EMA below stock price
Above 43029 , then buy the Bank nifty for the target of 43186 and 43305. Below 42850, then sell the Bank nifty for the target of 42711 and 42607. NSE:BANKNIFTY
As we analysed BANKNIFTY had been sideways to volatile throughout the day now we can see BANKNIFTY being in more like inverted head and shoulders pattern which shows signs of strong uptrend hence we should wait for neckline to break, neckline to witness here is 42650-42700 levels on the break of which we can see 300-400++ poimts upmove if opens flat but if opens...
Banknifty has given a nice move even after the gap up and touched the resistance zone making a high around 42700 level. The market after the gap up remained in a 400 point range and took support from the levels closing 390 points above the previous closing. On the hourly chart, the market has traded around the 20 ema and closed between both the moving...
After a 3 day consecutive red candles, Market has given a green candle gaining more than 240 points and closing near 18100 level. The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250. On the hourly time frame, the market tested the 18130 level in the first half and came...
As we can see BANKNIFTY has been falling one sided since last week, but looking at global cues we can expect a gap up opening but we can’t expect one sided upmove rally if opens gap up hence important levels to watch as of now is 42000 and 42650, expecting a sideways market tomorrow moving between the range and no rally can be seen if either of the levels is...
NIFTY ON 06-01-2023 Opened flat, NIFTY failed to sustain the immediate resistance of 18040 and selling pressure was observed in all indices. BANK and IT remained the biggest losers with losses of 0.99% and 2.0%. The weak global cues, fear of recession and selling from FIIs were the prime reasons behind the unidirectional fall. Index fell to retest 17800 during...
I have been tracking this stock for last few weeks , as you can see price is coming toward its Demand zone, so keep this stock in your watchlist to Trade for Reversal We will wait for price to make some bullish reversal pattern ,so that we can take entry with confirmation Also, we can accumulate this share for long term , as it is trading almost 25% down from...
Banknifty lost around 800 points in this week and closed near 42k levels. Though the index has been trading above the 20 ema but it is forming a bearish pattern on smaller time frame. Banknifty has tested the 38.2% fib level on the weekly charts and if it breaks below it, it can test lower levels. The market on the daily time frame, has closed below the 20 ema...
Nifty on the weekly time frame has formed an inside candle and closed around 20 ema. The market has been trading in a range for 3 weeks and a trending market can be expected once the high or low of the previous candle is broken. On the daily time frame, the market has tested the 17800 level twice and took support from it closing around 17860. The market is...
Dow Jones Industrial Average Index Chart Analysis on Weekly Time Frame Postive Signal 1. Up 2% on friday 2. Showing Trend change on weekly time frame 3. Given Breakout and Retest done to trend line Target 1 . Possible Target - 36300 Stoploss / Breakout Fail If Any weekly Candle closes Below...
Very meaningful downtrend looks like and targets are as mentioned in the charts and this is valid for upcoming week only
Banknifty Pivot Levels Support Zones Frist Support Level For Buying - 41920 - 41950 Second Support Level For Buying - 41650 - 41670 Third Support Level For Buying - 41370 - 41400 Resistance Zones First Resistance Level For Selling - 42230 -42260 Second...