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.
Eye catching morning star after a significant fall (rsi oversold) in daily chart.can park some cash above the levels as mentioned with high risk reward ratio
⚡️Almost Zero Debt ⚡️FIIs DIIs increased stake ⚡️5Y Long Base Breakout & Retest ⚡️ Morning Stat Doji on Daily chart 🔴 SL 570 🟡 CMP 597 🟢 TGT 657/746/896
Mazagaon Dock Cmp 1899 dated 26-10-2023 1. Hammer Candle @ Support 2. RSI Divergence Buy above 1930 target 1980-2080-2125-2235 SL 1825 It is just a view, please trade at your own risk.
As we can see NIFTY has continued showing bearishness since last 5 days now without taking SUPPORT at demand zones we mentioned but we can expect next few upcoming couple to trading day as last fall till 18600 levels from where the bull run actually started which can potentially act as a SUPPORT so plan your trades accordingly everyone
Nifty has given a nice fall in the first hour of the session and consolidated in 50 points range in the second half. It has closed around the 200 ema on the daily charts forming another bearish candle of 265 points. On the hourly chart, the market has after the 10:15 candle it remained in a range and has been trading below the moving averages. There is a 3.5%...
As we can see NIFTY has finally broken down its important SUPPORT of 19200 levels and as analysed, it fell unidirectionally as of now. Now that NIFTY has finally broken down its important SUPPORT we cannot see any eminent SUPPORT till 18870 but we have always seen that market always does opposite of what its shows so plan your trades accordingly.
Banknifty has given a nice fall of 2% in just 2 trading session and closed below the round fingure of 43k. Today, it recover for the imbalance in the markets and gave a fall of 200 points in two candle followed by a 300 coming from a single candle that took out the support levels. On the hourly chart, market has given a good fall and consolidated in the second...
Nifty has continued the fall closing 160 points lower and breaking the major support level of 19250. It has formed another red candle which shows the sellers participation. On the hourly charts, the market consolidated in the initail hour following a 150 point fall instantly below the support levels. Now the market trend is good for a bearish traders and option...