As we can see NIFTY can be seen in more of a consolidation zone though it showed a strong upmove last trading day yet the trend is undecided and weak unless it sustains above 17500 as said in previous analysis, further we can see NIFTY headimg towards its important resistance which is 17300 levels and 17500 levels respectively hence if opens flat to weak then we...
1. For explanation of "on neck" pattern please check out the video of Kunal Sarangi with title "Candlestick Pattern Jo Fail Nahi Hota". (Although not a sharp uptrend before on neck candle, but definitely a big bullish candle) 2. Delivery data of of Week of 3rd Oct (4 trading days), with week of 26th Sept (5 trading days), the delivery was higher in the latter...
Nifty on the daily time frame has given a nice bullish candle after initial gap down. The market remained in a bullish moment in the initial hour of the session and consolidated in the second half of the session. On the 15 minute time frame, the moving averages are close enough and both the moving averages are around 17212. The market is still in the confusion...
Banknifty on the daily time frame has closed almost flat losing around 80 points. After a gap down of more than 400 points, banknifty regained and filled the gap. Though, in the second half the market remained in a consolidation zone. On the hourly time frame, market has closed between both the moving averages. Banknifty has taken resistance from its 200...
NSE: SATIA is closing with a strong bullish reversal candle supported with high 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 consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 9% to...
NSE: CONFIPET is closing with an strong bullish reversal candle supported with high 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 consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 9% to...
EASEMYTRIP: Easy Trip Planners Ltd In the chart: PC-A1 = PC-A2 = PC-B1 = PC-B2 #WondersOfPC At the time of breakout of PC-A1, candles consolidated in same PC's, then went down and took support at Point P1, which is mid line of PC-A2 and with that Support it Broke out the consolidation. Now, check the same for PC-B1 & PC B2 We had a good consolidation after the...
Fortunately, Nifty gave us a positive closing of above 17270, for the past 3 consecutive days, in the previous week. Also, as per the current chart setup, we are still with our words that if Nifty continues to sustain above the level of 17170 and 16940 on closing basis, then it will give a positive strength to the Market for the upcoming rally. However, keep in...
Bank Nifty is currently at a decision point on whether to go up / down from here. 10 EMA pull back in daily chart with the formation of a Hammer Candle gives a higher probability of market moving upside from here. The challenge in moving up is going to be the negative global situation with most of the indices in sell off after US Jobs Data announcement. ...
JUBLINGREA | Simple breakout - Trying to capture 50% rally. CMP : 545 SL : 500 Target : 820 1:5 risk reward setup
As we can see NIFTY broke down of a head and shoulders pattern and showed a decent fall but we can see nifty retesting its neckline which could potentially act as a resistance and can show false upmove as it has already changed its characteristcs from uptrend to downtrend in bigger time frame and hence expected to make lower lows hence unless nifty sustains itself...
HINDUSTAN UNILEVER CMP 2600 DATED 7-10-2022 SWING TRADE 1. HAMMER CANDLE AT SUPPORT Buy above 2615 for target 2650-2690-2725 SL 2575 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 losses amounting out of it...
Here this week nifty again recovered back from week's low of 16900 and reached 17400 on thursday i.e., on expiry day but couldn't sustain above that, and then gave a mild close in red the very next day. Now for next week we got some new levels for market to test that is the major gap that formed(17147-16887) might be tested week. And further with results season...
NSE:SAPPHIRE This is swing trade The stock has a resistances zone on a daliy time frame. Also The candles have wicks on upper side which single rejection . The target foe downside is 1335 first target and second and final target is 1232. This is for educational purpose.
MCDOWELL-N (United Spirits Ltd) is looking bullish in daily & weekly chart. CMP: 871 | Target: 1000 | SL: 825 (On closing basis)
NZDJPY Sell trade opportunities NZDJPY running in the Bearish Phase its was breakout the support level and currently its retest the resistance line and close with strong bearish candle its good Opportunity to take sell trade with the target mention in chart.
Bank Nifty is having a Bearish outlook in the short term with the formation of shooting star candle in daily time frame. We should see a retest of 10 EMA before any pause. Potential for further down move is also present if we get a decisive close below 10 EMA in the daily time frame. Predictions Charts : Bearish in short term with shooting star candle in...
TATACHEM The parallel channels drew in the chart: PC-A = PC- B PC-C = PC-D All of the four PCs are exactly of SAME width #WondersOfPC At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030. There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R...