Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...
Good Morning! A beautiful recovery was observed from the lower levels of Nifty, in the yesterday’s trading session. Although, unfortunately the index was unable to give a closing of above 15950. Therefore, just as we have mentioned earlier, a lot of resistance can be faced at around the levels of 15850-15950. Thereby, for the short term, be cautious until Nifty...
Banknifty opened around the level of 33580 and consolidated whole day. Banknifty is weaker than nifty and have closed below its 20 DMA. The market consolidated around the 20 ema on hourly time frame and in the few minutes crossed and closed above it. On 15 minute time frame, it closed around 20 ema. Support:- 33520, 33450, 33210 Resistance:-33700-50, 33954,...
BEL Picture perfect setup for short Sell Symmetrical triangle at verge of Break down. Two ways to play can short now @228 and add more shorts after confirmation. or wait for break down below triangle. Stop loss if closing again inside triangle It's a swing to positional trade for positional targets are big. Positional Target - 205 Swing Target -...
Good Morning! Finally, yesterday we reached our stated Resistance level of 15850 from the crucial level of 15270. As fascinatingly, in the yesterday’s trading session, Nifty had managed to make high of around 15927. However, unfortunately due to facing a selling pressure at the levels, it was unable to give us a closing of above 15850, yesterday. While on the...
Banknifty opened around the resistance level of 34120 and fell after an initial gap up. The market took support from its 20DMA and closed above it. Banknifty took resistance on hourly time frame from its 200 ema and fell around 400 points from inter high. On 15 minute time frame, it closed around 20 ema. Support:- 33750, 33580 Resistance:-33954, 34120,...
Nifty on a daily time frame couldn’t close above its 20 ema, even after opening above the level. The market remained and traded in a range and close below its support level. The market has consolidated whole day. On 30 minute time frame there is a moving averages cross over. Support:- 15780, 15690 Resistance:- 15850, 16020 The market can fill the gap or can...
Good Morning! Just as we had stated about us being quite hopeful to witness a sharp recovery and a closing of above 15580 on the last Trading day, fortunately we did witness the very same in the Market on last Friday. Well, for now, it seems like Nifty is very near to reach its next Level of Resistance of 15850. Where along with it, profit booking opportunities...
Go Long above 152.05 for Targets of 173, 193.95, and 1839.2 with SL 131.1 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 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish...
Go Long above 118.8 for Targets of 127.95, 137.1, 146.25, and 155.4 with SL 109.65 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 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing...
Go Long above 45.85 for Targets of 50.3, 54.75, and 59.2, with SL 41.4 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 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with...
Go Long above 1748.8 for Targets of 1890.15, 2031.5, and 2172.85 with SL 1607.45 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...
After big fall and retracement in nifty there's a bullish harami candlestick pattern on previous resistance level which can be act as support for nifty this candlestick pattern is formed in weekly time frame this make or break situation for nifty 50 ....
Banknifty creates a bullish candlestick pattern called bullish harami on daily and weekly support in this pattern we buy stock when previous red candle top breaks and close atleast 1hr candle and stoploss will be green candle bottom possibility of this pattern is MEADIUM
I am bullish on Bank Nifty for coming week. And levels shared.
Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area ) Learning Pointers >> Pattern here is Descending triangle >> Time frame here is Weekly >> Candle position -> Mother bar : Inside bars on multiple weeks >> Rsi telling about Divergence of price and relative strength ( Rsi making higher...
In 1H time frame shooting Star pattern formed. Watch for divergence. Short sell.
Good Morning! After witnessing a day full of volatility and a positive stock specific momentum yesterday, we are quite hopeful to witness a sharp recovery in the Market, Today. Besides, Nifty’s repetitive attempt to take a strong support at our cautioned zone of 15270-15350, has somewhat proven to be a positive sign for the bull side momentum. Moreover, as per...