Nifty has closed below its 200 DMA and has taken support from its 16480 level.
On hourly time frame, looks bearish and can remain bearish on a smaller time frame.
A perfect bearish trend is being formed on 15 minute time frame and market has closed between 20 and 200 ema.
support :- 16324, 16485
Resistance :- 16680, 16825
The market can remain bearish and can...
Banknifty on daily time frame has formed en evening star pattern.
The market has taken a halt after a nice movement.
On an hourly time frame analysis, market has closed below its 20 ema and has closed near its day low.
The market on a smaller time frame looks bearish.
Support :- 36285, 36075
Resistance :- 36475, 36900
Wait for the price action near the price...
As we analysed this since past week that nifty is trading at resistance and hence we can expect some rejection and down fall from here. Till then NIFTY fell for more than 250+ points in just 2 trading days but is heading towards important level of 16300-16350 which previously acted as a strong resistance and bull run was seen can now act as a good support and...
NZDCAD SELL trade opportunities
NZDCAD currently bearish trend and is expecting to break out if it closes below the support area with a very strong Bearish candle then the market will be further moving into a bearish phase after confirmation of a breakout wait to retracement then enter in sell trade with a very good risk rewards
"Always trade with Stop Loss"
Good Morning,
Just as we had stated yesterday itself, about booking profits till the time the market is near 16700. Similarly, a great deal of profit booking was observed in the Market yesterday.
As of now, with the support of 16300 continue following the Cherry Picking Strategy.
Be Stock Specific and stay Cautious as a weekly closing of above 16700 has now...
AS we analysed that we might see bearishness tomorrow and we did see an one sided downside movement though opened a gap down! as per the given analysis NIFTY can remain sideways to bearish for upcoming trading sessions till 16800 it can show some bullish move in intraday but is expcted to close below 16800 by the end ! the confirmation for bull will only be...
Banknifty has formed a doji on daily time frame and closed on negative to flat.
Market has taken the support from the support level and remained above its 20 ema on hourly time frame.
On smaller time frame (15 minute), market traded around its 20 ema and closed just below it.
Support:- 36475, 36285
Resistance :- 36900, 37160
Market has taken a resistance from...
Nifty has formed a doji on a higher level and closed 90 points down.
On hourly time frame, market closed above its 20 ema.
The markets has halted and on 15 minute time frame closed below its 20 ema.
support :- 16590, 16485
Resistance :- 16680, 16825
The market is in a sideways phase. Market may remain sideways for tomorrow.
Wait for the price action before...
NSE:PARAGMILK
The stock is at very important level .
The stock is at resistances daily level which it will break we can see a great upside movement . of 110
As we can see a engulfing candle and a dojji
if it breaks down it will then also there will move . till 72
This is for educational purpose
Good Morning!
Just as we had been stating about our positive expectations to witness the level of 16700 in Nifty. Similarly, we did observe a closing exactly near the stated Resistance level on the last trading day. Moreover, along with observing a good stock specific momentum in most of the stocks, we have also beautifully covered the journey from 15300 to...
Birla corporation looking good on weekly chart break falling resistance line and closed up, it is looking alike that perfectly bounced from its support zones or demand zones
Cause of long-:
1- Falling resistance line breakout
2- Bounced from demand zones
Go Long above 1694.1 for Targets of 1897.45, 2100.8, and 2304.15 with SL 1490.75
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish...
Nifty has crossed and closed above its 20 ema on weekly time frame and has given a nice bullish candle.
Markets are bullish and has gained 5%(approx) this week.
On a daily time frame, the market has close above its 200 ema.
The market has been taking support from its 20 ema on 15 minutes time frame. There are sign of another bullish week.
support :- 16485,...
As we can see NIFTY finally reached the zone which previously acted as a strong support is now ready to act as a strong resistance p! it had been acting as a reactive zone and hence one can expect a slight correction from these levels and hence one can prepare to sell on every rise till 16850 being the final level
