Greetings of the Day! Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points...
TVS Motor Cmp 1068 dated 21-9-2022 1. Shooting Star Candle at Top of the chart. 2. RSI reversal. Sell below 1065 for a target of 1035-1015-1000 SL 1095 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...
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view! Thanks
Banknifty on the daily time frame has given another doji and the market are still jittery and confusing. On the hourly time frame, the market is still not holding above the level of 41600. The market is taking support from its 200 ema on 15 minute time frame and trading between both EMAs. Support :- 41180, 41000, 40840 Resistance :- 41290, 41440 The market is...
Nifty on the daily time frame has formed another doji. It has tested its 20 DMA and regained and sustained the support of 17710. On the daily time frame, the market has closed below its 20 ema and in the second half of the trading session the market sold off. The market is still not showing any sure trend and on the 15 minute time frame, there is bearish moving...
seeing neckline breakout in the script going long ....keeping stop and target as per risk appetite enter at current level option trade - 7700 or 7800 can be taken @ cmp lets c how it performes formations - double top breakout rsi divergence cup and handle neckline breakout disclaimer - for study purpose only
NSE:LEMONTREE #NSE:LEMONTREE shared @ Demand zone 66 with Open Targets, and trading @ 87.5 which is huge 33% #Snipershot 🎯
NSE:AWL #NSE:AWL formed beautiful ascending triangle. High chances to zoom once sustain above resistance. Huge targets.
Just as we had stated yesterday, about our expectations for a beautiful bounce back. Similarly, we did observe a significant recovery in Nifty yesterday itself. Although not being able to sustain so, the index also showed some profit booking, by the second half. As of now, as per the day chart, we can observe a shooting star pattern which is somehow indicating...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
As we can see NIFTY rallied over 200 points despite of the huge gap up opening as analysed in the previous analysis but got rejected at the end and made more like a hammer candle in daily time frame showing rejection from above hence if we see flat to slight gap down opening tomorrow then we might see NIFTY filling the gap of 100 points from 17800 to 17600 making...
Banknifty is taking resistance from the upper levels and is not holding to the levels. It has formed a doji on the daily closing. Though, it is trading above the 20 ema on the hourly time frame but its not closing above the 41500 levels. Banknifty lost its initial gains in the second half of the trading session and closed below the 20 ema on the smaller time...
Nifty on the daily time frame has formed a spinning top doji. The market has respected our levels and after touching 17920 level the market retraced On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels. The market opened around the 200 ema on 15 minute time frame and gained momentum in the first...
Wait for proper breakout of triangle. Target 1120 on intraday basis.
All the three Parallel Channels (PC) are one and the same! PC-A = PC-B = PC-C The strength of PC-C is crossing the highs of Apr-22 levels for the breakout and strongly retraced the BO at 105 levels. The huge buying levels at in Apr 22 at BO of PC-B and at BO of PC-C are confirming the strength in the BOs. What I feel is, the overall market trend in Apr-22 had...
Just as we had observed yesterday, Nifty showed us a significant recovery and ultimately gave us a positive closing. Moreover, a beautiful Hammer and Bullish Harami pattern on the Day Chart is somehow indicating a good bounce back in Nifty. Although, we are with our words that we can still witness a volatility in the market for this week also. Till then we...
Banknifty has formed another doji on the daily time frame. The market after the initial push has consolidated. It is respecting a trend line and a flag and pole pattern is formed on the hourly time frame, On 15 minute time frame, banknifty traded around its 20 ema and closed around it. support :- 40850, 40660 Resistance :- 41000, 41180 The market remained...
NSE: MFSL is closing with a 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 moving along with the trendline support over the past few days which is creating the up trend. One can look for a 10% to 14% gain on...