As we can see BANKNIFTY rallied over 1200++ points as per our analysis and hence heading towards another important level which is 39800 which could potentially act as an important resistance hence tomorrow’s opening could act as a crucial level as if opens gap down then we can see more like an sideways to volatile market and if opens strong then we can see a more...
Parallel Channel (PC) Analysis
The width of both channels PC a & PC B is exactly SAME!
How magical is the #parallelchannel and the candles respecting it!
Yesterday's candle took support at Mid of PC B
and today it is opened above it and the strong body is confirming the support.
We may see up move till upper lines of PC B and high chances of a breakout from...
Just as it was expected, similarly Nifty did show us a gap down opening, yesterday. However, it also managed to show us a recovery, as it ultimately gave a closing just above our stated support level of 17300. Which somehow is a good sign.
Besides, since this week consists of 3 Trading Days only, it will be suggested to be stock specific and to remain cautious...
**The 2006 high was 1788 or 1800 round.
**price has touched 3rd time to All Time High(1800) ** Key Point--
@@ All Time High act as a Resistance (High...
Banknifty gave a nice upmove after the gap down of more than 800 points.
It closed below the 20 DMA and got a nice rejection from the level.
The market consolidated whole day and remained between 20 and 200 ema.
On 15 minute time frame analysis, Banknifty got a nice rejection from its 20 ema and closed around it.
Support:- 38230,38120,38000,37840
Resistance:-...
The market gave a gap down of 3% due to the U.S. Fed outcome.
Nifty opened below 20DMA and consolidated whole after an initial up move.
The market closed between the hourly 20 and 200 ema and remained in a range.
On 15 minute analysis, it took rejection from 20 ema and closed just below it.
Support:- 17280,17220,17100
Resistance:- 17380,17480,17600
Wait for...
Jubilant Food Cmp 582 dated 23-8-2022
1. Bullish Piercing Candle Stick.
2. Trendline support @ 558
3. RSI Divergence
Buy @ Cmp for tgt of 590-600-615-630-650 SL 555
It is just a view, pls trade at your own risk.
Just as we had been stating in our Morning Mantra updates, similarly we can observe that currently, Nifty has been facing a Resistance at around 17600-17900.
So, as per the current scenario, if in any case Nifty shows any gap down opening Today, then avoid bottom fishing. As in such a case, it will be better to wait and watch for the level of 17300.
Be...
SHORT ON SBIN
This is a short term trade
The stock is formed grave stone dojji o n a daily time frame
The first target is 508 and if it breaks the second target is 495.
Dow has fall more than 3% due to fed reaction.
This is for educational purpose.
Adani port just near a resistance zone and has formed a bearish candle on the weekly time frame.
The main thing to watch out for a nice breakout or break down is mainly the time a stock has consolidated in a range.
It has been in the consolidation zone from March 2021.
If the market gives a break out of higher time frame, then huge target can be achieved in the...
Nifty has formed a double top pattern on the weekly time frame.
There are chances of a retracement before another up push.
Nifty has formed a Dragonfly doji on a weekly time frame.
The market is taking rejection from its 61.8% fibonnaci level and unable to close above it on daily time frame.
An inside candle formation on the daily time frame must be watched...
Banknifty on weekly time frame, has formed another doji and gaining only a single point this week,
The market gave momentum on both side and on the last trading session (i.e. friday) formed an inside candle.
The market on the daily time frame analysis has given a nice push after retesting the 20 ema. Though, the market is unable to cross 61.8% fib level on daily...
