As we can see NIFTY has finally broken out of its range with strong volume and we can expect a further bull run coming in here of over 300 points but level to keep into watch is 17500 as NIFTY broke down from this level which acted as a neckline to head and shoulder pattern and is also an psychological level hence we can expect nifty to reject from these levels if...
NSE: ANGELONE is closing with an strong bullish momentum 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 8% to...
NSE:GODFRYPHLP #NSE:GODFRYPHLP resistance / triangle BO!!
Bank Nifty is currently in a indecisive scenario with Inside candle being formed in the daily chart. A decisive close on the upside / downside is need to decide on a potential direction from here. Predictions - Charts : Indecisive. - OI Data : 38500 is going to be a strong resistance & 38k can offer some support. - FII Activity : Super Bearish with...
Just as we had stated yesterday, regarding the volatility of the market, similarly we could witness the same in the yesterday’s trading session. Where on one hand, the entire market was in a panic mood just because of the Singapore Nifty’s Market opening, on the other hand, Nifty made a flat but a positive opening, with some stock specific momentum, which...
NSE: RADICO is closing with an strong bullish 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 8% to 12% gain...
NSE: FDC is closing with an strong consolidation 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. One can look for a 8% to 11% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous...
Look like clear breakout on upside opportunity of targets as mentioned in the charts and there is good accumulation up to 140
#WondersOfPC Slope of PC-A1 = PC-A2 And PC-B1 = PC2 This shows DEEPINDS respects Parallel Channel very well With the Breakout (BO) of PC-A1 at 195, price rallied to 277, where it created Highest & Start point of PC-A2 The downtrend from there, Candles remained respected the PC-A2 and price dropped till 177 Now check out this lowest point of 177 was the last...
PC A = PC B The width of both the channels is SAME #WondersOfPC Today opening above the midline of PC-B is showing the strength for up move and confirming the role of PC-B as Supporting Channel If today script gets strong closure, above midline of 390, we can expect strong breakout for PC-B, upcoming target will be 470 For swing traders, in case okay with the...
NSE:GRANULES #NSE:GRANULES trading @ 1 year old TL and with the volumes showing may expect BO, May show good momentum if sustain above the TL.
Somehow or other, Nifty still seems to be in an indecisive mode as of now. Although fortunately just as we had stated on the last trading day about the current market sentiments being positive. Similarly on the same day itself, Nifty showed a beautiful recovery just after the announcement of the RBI policy and after crossing over our stated Resistance level of...
NSE:BANKNIFTY is currently at a level where we might see a continuation pattern forming in the near future. Focus on the levels drawn and we can expect the price action to respect them on the up / downside.
Bharti Airtel is very bullish in any time frame. The stock was trading in the range for the last one year. Last Friday it has broken the resistance and closed at all time high. CMP: 799.90 Target: 904 (13%) SL: 748 on closing basis in the daily time frame
Bank Nifty Cmp 38632 dated 30-9-2022 DAILY Chart Analysis 1. Bullish Engulfing Candlestick On Daily Chart Have engulfed 2 previous day candles. Resistance 38850 breakout above target will be at 39100-39400-39700-40200-40600 SL 37900 Support 37900 breaking below target be at 37200-36500-35500-34800 SL 38400 Bank Nifty...
Nifty recovered sharply with RBI rising its interest rates to 5.9% which is a increase of 50 basis points. Now that nifty has showed strength from lower levels of 16800 and moved swiftly to 17150. And halted around those levels. Here nifty is at a crucial juncture where it can break the 17156-17327 gap and move higher or continue to go sideways in range of...
Bank Nifty Cmp 38632 dated 30-9-2022 Weekly Chart Analysis 1. Hammer Candle On weekly Chart 2. Candle active above 39230 Support 37900 breaking below target be at 37200-36500-35500-34800 SL 38400 Resistance 39300 breakout above target will be at 39800-40600-41200-41800 SL 38000 Disclaimer : I am not a Sebi registered Analyst so please do your own...
Yesterday NSE:NIFTY had a gap down open, then went below previous day's low and then the sudden buying spike took it all the way up above the previous candle's high and managed to close engulfing the previous candle's body, Classic Bullish Engulfing pattern was formed. The next day will be the confirmation of the pattern. Bullish engulfing is a Reversal...