NSE: INDUSTOWER 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 11% gain on...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas. When price come to these area we can expect either reversal or breakout from the given area's. So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
As we had been analysing since last week that as long as NIFTY sustains itself above our zone we are bullish. Despite NIFTY being influenced by the war scenario, it managed to close above our zone hence any flat to weak opening within our zone could be a better place to make position as as soon as the war subdues NIFTY would already be 19800++ so plan your trades...
Finnifty has closed more than 1.1% lower on the daily charts but it took support around the major support levls of 43800. There are chance of a trending market as it is weekly expiry of finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has...
NSE: BRIGADE 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...
On Monday it looks like Nifty will see 19550 level and post that will start upward journey !! Overall nifty is poised for a good run upwards !! Waiting to take out 19750-85 levels and 19850-880 level for strong rally to start.
Trend - Negative If the price sustains below 541.40 then it could see the levels of 525 and then 510 The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level. A strong bearish crossover near an important level of 28.60% (Fib retracement). The breakdown of the Bollinger band Hit the like button!! Show some energy!! Disclaimer: This...
CSB Bank previously known as Catholic Syrian Bank Ltd. Analysis - Has major income from retail group and well diversified business in terms of Income. NIM (Net Interest Margin) which is one of the major incomes of Bank is more than 5% not even major banks have this much, very few banks are able to keep it above 5%. If you see last 5-year profit growth is almost...
As we had analysed that NIFTY had jut turned bullish and every dip was a buying opportunity since the day NIFTY closed itself above 19500, it had shown unidirectional up move till now and rallied over 150++ points as of now. Now we can expect NIFTY to continue this rally till 19850-19900 levels where we can see a GAP trending which is supposed to be filled and act...
NSE:MHRIL gave breakout on Daily Time frame after 40 days consolidation. It gave breakout with marubozu candle with high volumes
This candle stick pattern on nifty daily chart has very good success rate. For dragonfly to succeed we need 1. Existing down trend. 2. Dragonfly doji formation. 3. Break of dragonfly high. Third condition is what we need to track today. Also, if we gap up today than it can be a good candidate for abandon baby pattern.
NSE:TATACHEM formed hammer and gave closing above it. Entry : 1045 Target : 1075 SL : 1019 RR : 1.15
NSE: INOXWIND 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...
1) Pivot point IS 1820.50 _R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_ _S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _ 2) Moving average ( 5, 10, 20, 50, 100, 200) _MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E) | MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_ 3)...
As we had been discussing in the last post that NIFTY could be sideways if maintains itself in the range we decided but NIFTY opened strong and sustained itself above 19500 levels which shows that NIFTY has gotten stronger and the view of BUYING THE DIPS stands intact till it maintains itself above this levels so plan your trades accordingly.
A strong bullish engulfing pattern is formed on an important support level. The support level of 4064 is a 50% Fibonacci retracement level and is also an important psychological level. So the bullish engulfing pattern on such an important level indicates an uptrend. Trade Zone: If the price moved above 4265 and sustained, then we could see the levels of...
The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers. This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening. On the hourly charts, market has remained in a range and consolidated in a 100...
ASALCBR | Channel breakout - Looks potential for 30-35% CMP : 467 SL : 425 Target : 620 Almost 1:4 risk reward setup