Taking this trade during following reasons as per marked entry and exit: 1. Candle patten – Bullish engulfing 2. Chart Pattern – Descending triangle or it is also in Channel. 3. Volume – Price with big volume but no breakout yet. 4. RSI – Taking support at 40 and moving to 80’s 5. Moving average – Crossing 200 SMA 6. (Risky trade with Entry at Blue line, Stop...
As we can see NIFTY had been sideways throughout the day as analysed in our previous analysis but now watching the global views we can expect NIFTY to open strong and any opening above 19200 could show a potential strong unidirectional upmove but if fails then another volatile to negative day can be witnessed so plan your trades accordingly l.
Siemens Cmp 3601 dated 12-10-2023 1. Inside Candle made 2. RSI Divergence Buy above 3610 target 3640-3680-3700-3735 SL 3550 It is just view, please trade at your own risk.
Idea to stack on a position to the previous EURUSD position I pointed out. Wait for a retest below the next AOI and repeat the same confluences to enter the trade.
As we can see NIFTY showed unidirectional fall after getting rejected from the neckline of the head and shoulders pattern. Now we can say that NIFTY is yet to remain sideways to negative in common trading sessions despite its short term up move as space is left for NIFTY to fill hence till either if the zone is broken and sustained, we can expect NIFTY to remain...
Zee Ltd Cmp 249 dated 27-10-2023 1. Morning Star Candle @ support 2. RSI Divergence Buy above 252 target 260-270-280 SL 240 It is just a view, please trade at your own risk.
As we can see despite strong opening of NIFTY, it failed to sustain itself above the zone and fell unidirectionally as it was the neckline of the head and shoulders pattern which we analysed in our previous post. We also expected it to break if tested but it fell without taking any time, hence in coming trading sessions if NIFTY regains 19200 levels and...
NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested...
A bullish engulfing daily candle is showing some positivity in the market. Finnifty has closed above the 20 ema and 110 point higher. It is about to test 38.2% fibonacci level around 19300 level after the fall of last week. Global markets at this time are trading in green. Look for close of global market in the morning as indian market will act...
As we can see NIFTY has recovered almost 200++ points from our demand zone as analysed. Now we can expect NIFTY to recover more of 100 points till its next prominent RESISTANCE lying around 19200 which is set to be broken after a trap as it can be seen as a very obvious RESISTANCE so plan your trades accordingly.
Nifty levels Support :- 19070, 19900 Resistance :- 19250, 19400 Market move in a lower low lower high formation in the bearish trend. First leg was formed after creating a ATH and after that it consolidated and now it has formed lower low. This leg is for a retest and another bearish move can be seen. Keep in mind the festive buying will also be there. Look...
ABB Cmp 3958 dated 26-10-2023 1. Price reversed from support line 2. RSI divergence Buy above 3970 target 4000-4025-4050-4090 SL 3895 It is just a view, please trade at your own risk.
Go Long above 505.1 for Targets of 552.4, 599.7 and 647 with SL 457.8 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 Hammer...
Go Long above 291.9 for Targets of 316.05, 340.2 and 364.35 with SL 267.75 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 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish...
Go Long above 642.8 for Targets of 686.5, 730.2, 773.9, and 817.6 with SL 599.1 Reasons to go Long: 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer...
Go Long above 858.1 for Targets of 925.35, 992.6, and 1059.85 with SL 790.85 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing...
As we can see NIFTY has REVERSED exactly from our given levels of 18870, now that NIFTY has shown more than a percent move in a single day, we can expect NIFTY to continue the further RECOVERY till 19200 which acted as a NECKLINE for HEAD and SHOULDERS pattern and fill the gap. On the other hand, we can expect NIFTY to further fall keeping note of weakening of...
Bounced from the support region, can go long with the above levels.