Good Morning! A bearish pattern formation, named as Hanging Man on Nifty’s Day chart, is somehow indicating Today to be a profit booking Day. So, be a little cautious. Although profit booking at the current levels is quite natural. Besides, with the support level of 16700, the overall sentiments of the Market still seems to be quite positive. Also, as per our...
As we analysed that we might expect bull run but has to sustain above 17500 but it did failed to sustain above 17500 and hence started showing weakness and showed one sided fall, hence we will try shorting from here if fails to sustain above given psychological level which is also a important resistance which gives an opportunity of selling on every rise
Channel formation.. Bearish Spinning Top at the Peak of Uptrend RSI around 70, which is at Over-Bought Zone. Considering the above .. expecting a reversal.
Bank nifty has given a lower wick rejection while engulfing last 4 candles. Market closed in red but in the intraday there was a nice move of around 1000 points. Bank Nifty fell in the first half and consolidated in the second half of the trading session. On the hourly time frame, market has closed just below its 20 ema while on the 15 minute chart analysis it...
Nifty on the daily close has given a nice lower wick rejection and remained strong in the last trading hour. It tested its hourly 20 ema and regained 100 points in the last hour candle. On 15 minute chart analysis nifty formed a nice higher high formation in the second half of the session. Support:- 17300, 17220 Resistance:- 17400-430, 17500, 17630 Market was...
Good Morning! As we can see, the Market is beautifully giving us a bounce back at every lower level. Also, buying opportunities at these lower levels is indicating to be a good sign for the Market. Moreover, as we have been repeatedly saying, the Market still seems to be in a very good mood and is getting ready for a new high by this Diwali. So, yes altogether...
RKFORGE | Trendline breakout - Looks potential for 30% CMP : 190 (Dip : 185) SL : 175 Target : 240 1:4+ risk reward setup
ASTRAL | Simple INHS pattern - Looks potential for 20% CMP : 1885 (Dip : 1820) SL : 1750 Target : 2200 1:4 risk reward setup
Banknifty has formed an inside candle and was weaker than nifty. Thou, it tried to cross 38k level but couldn't sustain above it. It took a nice support from its hourly 20 ema and recovered during the last hour of the day. Support :- 37645, 37965 Resistance :- 38170, 38500 Market have closed on a bullish note and can remain in green for tomorrow. Wait for...
Nifty on daily closing has given a dragon fly doji and respected the level of 17400. The market retested and recovered in the last trading hour of the day. There is a bullish moving averages cross over on daily charts. On hourly chart analysis market respected its 20 ema and has given a nice up move. The market On 15 minute chart, the market traded around its...
Bandhan Bank Cmp 277 dated 27-7-2022 1. Inside Candle BO. Buy above 278 for a tgt of 285-295-310-325 SL 260 It is just a view, pls trade at your own risk.
Good Morning! What a wonderful bounce back in Nifty from the lower levels. Also, we got to witness another consecutive day of a beautiful closing of above 17300. So yes, again the Market has been showing some good strength, supported with good number of various companies. Well as of now, we are still with our words that is to tighten your seat belt and get...
Tata Motors has finally broken the previous supply zone of 460-475. With stock approaching all-time high levels looks very bullish. We can buy at the current price with SL@ 425. Possible targets are mentioned on the chart. Tata motors is one of the fundamentally strong companies which is a leading global automobile manufacturer. It is a formidable player in the...
Nifty has given a doji on daily chart. The market consolidated whole and tried to gain some points but closed almost flat. The market has stretched and gained around 1000 points in 5 trading sessions. There is a bullish moving average cross over on daily time frame. The market on 15 minute time frame traded whole day around its 20 ema and closed below...
Buy open and close above the chennal line,short term target 275 rupees.
Shooting Star pattern in 1 Hour Time-frame. SL 1068 1:1 Target 1032.
Good Morning! Finally, Nifty was successful in giving us a beautiful closing of above 17300, yesterday. Where some positive contributions were from different sectors specially Auto. As of now, it is being expected that somehow, this results season can continue to contribute positively towards such a Market Momentum. Also, we can now uplift our support level...
INDOCO | Channal breakout - Looks potential for 25% CMP : 398 SL : 370 Target : 480 1:3+ risk reward setup P.S : Please read the company name properly its not INDIGO