Uptrend Shooting Star Double Top Forming divergences Short sell. Wait to break of low of second bearish candle.
Nifty was very volatile today. The market was down and up 100 points in hourly time frame. After a initial good move nifty took resistance from its 200ema on 15 minute. Though the market has closed higher and above 20 ema on hourly and 15 minutes time frame. Support:- 15530, 15380 Resistance:- 15625, 15690 Wait for the price action near the levels before...
Bank nifty has been consolidating on daily time frame and was volatile while day give a nice 500 points move up and down. The market on, the hourly time frame, has crossed its 20 ema and sustained above it. The market has been taking resistance from its 15 minute 200 ema. Support:- 33025, 32950 Resistance:- 33210, 33440. Wait for the price action near the...
Bank nifty as predicted was on the down side. Still a bear market prevails on the higher time frame. Market opened gap down and traded while day inside the first hourly candle. The immediate support level is around 32760-90 where market took support and sustained above it. In the second half Banknifty traded in a 200 point range and closed near the...
Hdfc bank looking weak below 1323 And can touch 1313 in intraday
Educational purpose only There is an inside bar. Mother bar is strong and green. I think we should see a strong up-move in this counter.
Double top + Shooting Star + Negative Divergence Triple confirmation for selling.
SUNTECK | Looks good for 20% CMP : 472 SL : 435 Target : 575 Almost 1:3 risk reward setup
NSE:INDUSINDBK It is swing trade if it gives pullback. There are 2 target the first one is of 840 and other is of 940 . There is very less chance that is will break downside . Company quarterly result is also near 13 July which can major factor in this trade . Also on a daily time frame a dojji is formed which can be seen a sing of reversal . This is...
As we analysed yesterday that though nifty was showing an inverted flag pole pattern but it might reverse from here and we did see a one sided move of more than 200 points but now it is hitting its important resistance which previously acted as a good support hence if nifty opens flat to slightly bullish we can expect nifty to give a false breakout and finally moving down
Bank nifty has formed a spinning top candle on daily time frame and it trading well below its 20 DMA. On an hourly time frame, market has crossed its 20 ema and closed with 500 points gain. Banknifty seems weaker than nifty. Markets fell in the last hour and broke both the EMA’s on 15 minute time frame and closed below them. Support:- 33025, 33000 Resistance:-...
Nifty has given a nice move but still the trend is bearish. This might be a retracement. A perfect morning star pattern in formed on daily time frame. The markets crossed its hourly 20 ema on smaller time frame (15 minute) and closed between both the EMA’s Support:- 15625, 15530 Resistance:- 15690, 15780 The markets had retested the higher levels. Market can...
Important SR levels Update based on volume profile analysis for NSE:BANKNIFTY Banknifty trading in a Range. 32500 important support for now. Market to open Flat or slightly Gap Up. Keep Patience and trade with reversal or Breakout strategy near POC level. Try to understand psychology of market. Hello Trader. If you like the idea, do not forget to support...
Banknifty has traded in red last week, it may consolidate and might give some retracement. Market consolidated today and took support from its 32450 support On an hourly time frame, market couldn’t cross its 20 ema and closed with some minor fall of 50-60 points The market moved on the upper side and crossed its 20 ema on 15 minute time frame. Support:- 32450,...
Nifty formed an inside candle On daily close. Markets gained in the last hour of trading session The markets consolidated whole day in a narrow trading range. The markets didn’t crossed its hourly 20 ema and traded around its 20 ema on smaller time frame (15 minute). Support:- 15000, 14950 Resistance:- 15530, 15625 Wait for the price action near the levels...
NSE:SUNTV #NSE:SUNTV trading @ resistance, chances to retest resistance, fall, successfull TL BO only can show momentum upside. Happy LEarning !!
NSE:TVSMOTOR According price action There is major resistances zone from TVS Motor can take rejection therefore it should be short A short term target of 700 can be seen near future . If it breaks out there will a great move upside but it have very less possibility . This is for educational purpose.
ICICI Bank forms good bullish pattern and looking good at 690. This is purely intraday analysis for Monday. Note- Please ignore if big gapup/gapdown happens.