In the Weekly Chart of SWSOLAR , we can see that; it has created a Hammer candle. Trade with strict SL.
In the Weekly Chart of UPL , we can see that; it has created a Hammer candle on Support level. Expected momentums are shown in chart.
In the Weekly Chart of EIDPARRY , we can see that, it has created a Hammer Candle on trendline. Possible momentums are shown in chart.
In the Weekly Chart of VEDL , we can see that; it shown W shape recovery from the same level as shown in chart. Expected momentums are shown in chart.
In the Weekly Chart of SBIN , we can see that; after A Hammer on trendline, we saw a strong upward momentum. Expecting a pullback and the continuity in momentum. Possible momentums are shown in chart.
In the Weekly Chart of ASHOKLEY , we can see that; After Cup & Handle breakout, it has now retested. We could see that it has formed a Decision making candle on Trendline. Possible momentums are shown in chart.
the trendline breakdown occured but the low of the breakdown candle did not crossed,may retest or fakeout .can take entry coz huge bullish inside bar happened with strict stplossand target levels.
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...