In the Weekly Chart of KOTAKBANK , we can see that, it has mad a Decision Making Candle. Possible momentums are shown in charts. If it breaks the Candle's high, this will called as W Pattern breakout. If it breaks down, it might test the lower levels again.
NSE: COALINDIA 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 11% gain on...
Nifty has been trading below the 20 ema and is taking support from 19250 levels. Market has lost around 200 points from this week high and is trading around the previous swing low. If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off. On the hourly charts, the market came for selling and...
Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000...
As we have analysed in our previous analysis that NIFTY could possibly show a strong upmove if breaks the given pattern but it opened with huge gap and which finally led to filling of gap with strong selling in the second half. Now as long as NIFTY doesn’t breaks below the following pattern every dip is a buying opportunity so plan your trades accordingly
Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points...
NSE: JUBLFOOD 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...
TTKPRESTIG | Flag breakout - Looks potential for 45-50% CMP : 788 SL : 740 Target : 1100
As we can see NIFTY had been sideways throughout the day despite opening strong and went back inside the pattern and remained sideways. Now we can expect NIFTY to finally break off from this pattern for a big move positionally which could be till a new high for NIFTY so plan your trades accordingly everyone
Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has...
Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support...
NSE: DEEPAKNTR 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 11% gain on...
Poddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here. *DISCLAIMER* This analysis is only for educational...
As we can see NIFTY showed a strong reversal from the trendline as we analysed in the last post and showed over 100++ points of recovery but failed to continue its up move as it got rejected from the above trendline, Hence we can expect NIFTY to show a strong movement from here as if it breaks and sustains itself then we can see NIFTY making new high else nifty...
NSE: BODALCHEM 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 13% gain on...
CoForge Cmp 4996 dated 21-8-2023 1. Inside Candle made 2. RSI reversal 3. Reverse near Support Buy above 5021 tgt 5100-5150-5225-5285 SL 4900 It is just a view, please trade at your own risk.
Nifty on the weekly time frame has given a gravestone doji which shows some negativeity as it is sitting near the support levels of 19250 which has been tested many times. If market starts trading below the support level other supports are far enough to give a nice swing trades. On the daily time frame, market opened gap down and has formed a doji candle closing...
IIFLSEC | Trendline breakout - Looks potential for 30-35% CMP : 78 SL : 65 Target : 115