Black Friday saleUp to 70% OFF

Candlestick Analysis

FinNifty weekly expiry intraday levels 16/01/24.Finnifty after a gap up opening has continued the up move in the second half and closed 160 points higher. Hourly close is showing a break out and even the daily candle is showing some bullishness. If there is a gap up opening, initially there will be some profit book and market will test lower level or today's close. After the retest, if there is a bullish price action there are high chances of it closing above the ATH. Major bullish targets :- 21520, 21580-600 It is ATH is around 21630. Tomorrow is its weekly expiry, if it show some consolidation in the first half and starts trading above the level in the second half, there is a high chances of it closing around the day high. Support levels :- 21420, 21350 Wait for a price action if the market test the support levels, as the market is in consolidation and can reverse from the levels. Enter the trade only after a proper setup or price action is created.
NSE:CNXFINANCE
by Mambotrade
ICICIGI - Bullish Swing Reversal with VolumesNSE: ICICIGI 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:ICICIGILong
by BrahmaBull31
Banknifty weekly analysis for 15/01/24.Banknifty on the weekly close has given a hammer candle and has retraced from 61.8% levels. It has given a slow progress after testing the ATH and is lagging the other index. There are chances of it giving a nice move this week, if it starts trading above fibonacci level. There is a parallel channel consolidation and if it clears the resistance zone around 48k levels there will be a good move to capture 200-250 points on the spot chart. Major resistance levels :- 47860-900, 48180 Higher targets in a bullish trade can be captured by trailing the SL. Price action and setup should be checked before entering any trade. Support zone :- 47610-650, 47450, 47250 The zone between 47600-47900 is a no trading zone for tomorrow. If there is a flat to slight gap up/down opening and market consolidate in the first half and move on the higher side in the second half, good targets can be captured in the index.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis and levels for 15/01/24.An engulfing candle on the weekly close is good for the index as it has closed near the new high. The coming week can give a bullish move too. It has started trading above the resistance level of 21800 and closed somewhat 100 points higher after the break out. Major support levels :- 21720, 21600 and 21500 Still market is trading above the break out, either it will continue the up move or will show a break out failure. Watch for the market as there are chance of it testing 22k levels first and then giving a retracement. Initiate trade as per the setup and price action. Indicator may show otherwise in smaller time frame. So go for higher time frame for analysis.
NSE:NIFTY
by Mambotrade
MIDHANI - Bullish Consolidation with VolumesNSE: MIDHANI 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:MIDHANILong
by BrahmaBull31
VTL - Bullish Swing Reversal with VolumesNSE: VTL 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:VTLLong
by BrahmaBull31
Nifty weekly expiry intraday levels for 11/01/24.Nifty is still holding on to the crucial support of 21500. There is volatility in the market and chances are it will remain in the area until is trades outside 21500-21800 range. Tomorrow is weekly expiry of the index and if the volatility remains the same avoid trading. Major support :- 21500, 21420, 21300 The last hour recovery is creating confusion whether down trend is confirmed or not. Bullish trades should only be entered once the ATH is taken out. Early entry can be created with a proper R:R ratio. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
PNCINFRA - Bullish Consolidation Breakout with volumesNSE: PNCINFRA is closing with a bullish consolidation breakout 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 been moving along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 17% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:PNCINFRALong
by BrahmaBull31