Banknifty has formed a nice bullish candle on the weekly charts and closed 750 points higher. The market remained in a range for a while and gave a nice break out during the previous week. In the last trading session market tried to clear the resistance levels of 46600 but couldn't clear the same and closed around 46400 levels. Major resistance levels :- 46580,...
Inside candle bar trade + Triangle breakout + Weekly Bullish candle Small trade: Entry: 1968.80 Target: 2073.40 SL: 1948.50 (Time: 1-2 Week) Big target: 1968.80 Target: 2290 SL: 1808.50 (1 month) View for educational purposes
NSE: PRIVISCL is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 16% to 22% gain on...
As we can see NIFTY can be seen forming more like a double bottom pattern with previous rounding bottom being smaller than previous bottom which shows bulls are stronger as they are not letting bears break their lows hence it can seen NIFTY trading at important neckline of the pattern hence why closing above the given pattern could show another mind boggling move...
Confirmations:- 1] Order block entry 2] market stucture shift 3] abcd pattern 4] w formation 5] selling trend continuation Target confirmations:- 1] order block level RRR:- 1:5.5
We're examining the DYDXUSDT pair for a potential long position, guided by technical analysis on the daily chart. The price action has settled into a consolidation pattern, making a strong base around the 2.979 entry point. This area has acted as a springboard, sending price action upwards with increasing momentum, as indicated by the recent green candles. The...
Previous Long term resistance of 1380 has now become the support level for SBI LIFE. When a resistance turns into a support it adds more confidence to the upcoming trend. Currently we can see a breakout from a descending triangle pattern in the daily Time Frame. Currently a good HH and HL is observed in Daily Candles there fore we can expect further movement...
In the Weekly Chart of PAGEIND , we can see that, it has made a Hammer candle. Enter on breaking the candles High with low as SL and go very long for an year.
In the Weekly Chart of CAMS , we can see that; it has respected the Inverted Head & Shoulder. Enter on breaking the red candles High with low as SL.
In the Weekly Chart of BAJAJFINSV , we can see that, even after the breakdown, the selling is not strong. It has made a Halt candle, Enter on breaking its high with low as SL.
In the Weekly Chart of SBICARD , we can see that, after breakdown, it is holding its position and has Decision making Candle. Enter on breaking its high with low as SL.
In the Weekly Chart of HAVELLS , we can see that, finally it has given Trendline breakout and shown a recovery. Let it retest the Trendline and the enter with SL and Targets. Possible Positive momentum is shown in chart
In the Weekly Chart of WHIRLPOOL , we can see that; it is at decision making state. Enter on breaking Red Candle's High with low as SL. If it shows a up move we can see formation of Right Shoulder. Possible momentums are shown in chart.
In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline. Enter on breaking its High with low as SL.
This is the update on the previous post, beautiful 1:3.4 RR
NSE: JAGRAN is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 22% to 32% gain on...
As we can see we saw another rally in BANKNIFTY despite being sideways in the first half but closed at a crucial zone. In bigger time frame, we can see it forming W kinda pattern with multiple tests which has potentially made the zone much weaker! Hence if BANKNIFTY opens flat to weak any breaks today’s high then we may see a strong upmove but if opens very strong...
NSE: MPHASIS is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 13% to 19% gain on...