Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and...
As we can see NIFTY again maintained itself in the range despite opening strong, it hit our upper level of 19850 and got rejected and fell in second half after much of consolidation. Now that NIFTY has managed to maintain itself above the trendline, it can further broke the above level with unidirectional move but if NIFTY breaks the trendline below, we can again...
Tata Consumer Cmp 908 dated 17-10-2023 1. Inverted H&S Pattern, BO only above 921 2. Shooting Star Candle @ Resistance Sell below 905 target 890-880-870-860-855 SL 925 If get reversed than Buy above 928 target 950-965-990 SL 905 Both trades possible in whichever way price goes. It is just a view, please trade at your own risk.
Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher. It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level. On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and...
NSE: BPCL 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...
As we analysed that NIFTY could probably stay inside the range between 19660-19800 as mentioned in the chart and it exactly did and remained sideways throughout the day. Now we can stay intact with our analysis as we could only witness directional move if it sustains above or below or given levels so plan your trades accordingly.
CONS Stock is trading at 12.8 times its book value Promoter holding has decreased over last quarter: -0.40%
Finnifty has been consolidating in a range for few days. It has formed a doji candle on the daily time and closed below the 20 ema. Indian markets have been consolidating in a range for few days. Break out or break down can give good targets. On the hourly charts, the market has given a bearish moving averages cross over. It took resistance from the 20 ema and...
Banknifty is still trading below the 20 ema and has formed another doji candle at the day close. It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels. On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat. Ongoing market is for the option seller...
Nifty on the daily charts has formed an inside candle and closed flat forming a doji candle. It consolidated in a narrow range of 60 points after the first hour candle. There were no movement in the index. On the hourly charts, nifty traded around the 20 ema and closed between both the moving averages. Markets are not giving any option buying opportunity in the...
NSE: BLS 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 13% gain on deployed...
DODLA | Good breakout and resting now - Can consider for investment also. CMP : 678 SL : 600 Target : 1000+
Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema. On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level. It is showing some negative build up on the intraday front and is consolidating on the higher time frame. Banknifty has been...
As we can see NIFTY had been negative to sideways throughout the week as we analysed that NIFTY can show rejection around 19850-19880 levels as there is a pending gap which can act as a POTENTIAL RESISTANCE. Now that NIFTY had been sideways for quite some while, we can expect NIFTY to stay in this range of 19600-19800 until either side break could give an...
WHIRLPOOL | Flag breakout - Looks potential for 25% CMP : 1714 SL : 1600
FAZE3Q | Cup & Handle + Trendline breakout - Potential for 30% CMP : 415 SL : 385
Bullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action: 1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in...
In the Weekly Chart of RAJRATAN , we can see that; 3 hammer candles are formed in same range. Enter on breaking the Hammer Candle's High with Low as SL. Expected momentum is shown in chart.