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Candlestick Analysis

FinNifty intraday levels for weekly expiry 12/03/24.FinNifty has closed 140 points lower after a consolidation on the higher levels. Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels. It has taken a good support from the support zone around 20830 and closed near the zone. Major support levels :- 20800, 20720 Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half. In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation. Resistanc levels :- 20940, 21030 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
LINDEINDIA - Bullish Swing Reversal with VolumesNSE: LINDEINDIA 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 10% to 14% 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:LINDEINDIALong
by BrahmaBull31
🚀 MDT on the Rise! Cup and Handle Formation Detected 💎 MDT has recently formed a cup and handle pattern along with CHoCH and BOS, indicating a shift towards a bullish market structure and increasing the likelihood of a bullish move. 💎If the price of MDTUSDT breaks above the resistance level, it could signal a continuation of the upward trend, with potential targets extending to the next resistant levels. In the event of a pullback, it's advisable to wait for the price to exhibit a bullish candlestick pattern at either the bullish OB or the demand area before considering a bounce. 💎However, if both the bullish OB and the demand area are broken down, it would be prudent to wait for better price action to form. Given the overall bullish sentiment in the market, going against the trend could be risky, so it's essential to observe the market conditions carefully before making any decisions.
by MyCryptoParadise_Nathan