As we can see despite the strong fall as we analysed in our previous analysis, we can see BANKNIFTY trading at very important demand zone which is followed by a trendline acting as a support hence we might see a strong reversal if BANKNIFTY opens flat but if fails to sustains itself above then we may see a strong sell off in coming trading session which is less...
Banknifty is consolidating in a range for last two trading session and chances are of a trending market on the expiry. Vix is trading around 15, if it increases there will be another sideways market, else there can be a trend market if the Vix cools off. Still, it is taking rejection from the 20 ema on the hourly charts, even the closing is below it. In case of...
Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660,...
NSE: TATACOMM 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 reversed at key support area which is indicating demand. One can look for a 18% to 25% gain on deployed capital in this swing...
ICICIGI is a strong contender. after making Higher high, Stock is consolidating. supported by Divergence at this levels shows Signs of Trend Continuation. Kindly maintain Stoploss and Execute your Trades.
Aartiind, Trend reversal happened and moving High as per previous update. at the moment, made weak hands shake out, took SL and Moving Up again. Upside targets are very much Intact. Follow your own analysis before taking any trade.
SPARC | Looks good for another 50% rally CMP : 360 SL : 300 Target : 520 1:3 risk reward setup
NSE: SURYODAY 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 reversed at key support area which is indicating demand. One can look for a 16% to 24% gain on deployed capital in this swing...
After given upside rally, stock price is taking rest. Daily Time Frame As shown in chart, price took support and making a upside reversal pattern. for study purpose only.
PEL | Almost 80% INHS visual is complete. Looks good for 65-70% rally CMP : 926 SL : 800 Target : 1500
Stock has made a Higher high and consolidated for a long. and in recent fall the stock didnt fall much and holding and now formed a Bullish Priceaction. Follow Risk management. Do ur own analysis
FinNifty is trading in a no trading zone of 21200-21450. It has consolidated today and tomorrow being weekly expiry can give a trending move. It is trading between both the moving averages on the daily time frame. Watch it take support around 200 ema, a short term bearish trend is confirm. If the market opens gap up and takes rejection from the upper zone, good...
NSE:DCBBANK WEEKLY DEMAND ZONE This demand zone is good. But the price is reacting to the monthly supply zone and is coming down. So we will think of trading in this zone when some candles are formed, right now we should wait for the monthly demand zone below. MONTHLY DEMAND ZONE The monthly demand zone has broken a long consolidation, but the daily chart...
Stock is given a very good break out after 15 years. Good Potential for Long Expected Return 15%...25%...35%...45% Strong Support is around 188-190
As we can see NIFTY despite opening strong failed to sustain itself at higher levels leading to unidirectional fall in second half as analysed in our previous analysis about the possible trend change. Now NIFTY can be seen trading at important demand zone and the lower zone could act as an important SUPPORT hence till NIFTY manages to sustain itself above the...
Banknifty has given a nice move after the budget day and closed 200 point lower on daily close and 1000 points lower from the day's high. The weekly chart is showing a rejection from golden fib ratio of 61.8% around 47k zone. Though, it has closed above the 20 WEMA buy still it is trading below 20 DEMA. The market has given much move in the last week but...
NSE: FMGOETZE 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 reversed at key support area which is indicating demand. One can look for a 13% to 19% gain on deployed capital in this swing...
Alkem Lab Cmp 4918 dated 2-2-2024 1. Hammer Candle @ support 2. RSI reversal 3 Good 10% correction done from highs Buy above 4935 target 4960-5000-5050-5075- 5100 SL 4775 Ii is just a view, please trade at your own risk.