Market are very volatile and is killing profits for option buyer. Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half. Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji. On the daily charts, market is seriously...
Made double bottom on weekly charts. Getting ready for 3000 levels. Entry above 2500. Stop loss weekly closing basis below 2300. One of the Blue chip multibagger. Good time to accumulate/ add more.
1. Broken out of resistance 2. Retest back to the Resistance. 3. Bullish Engulfing on Daily Time Frame -- Resistance turning into Support Expecting a 1:3 Risk Reward here
Dear All, So finally we have observed the impact of witnessing a closing of above 19550 for 2 consecutive days, just as it was stated. As after those 2 days, Nifty has ultimately given us a positive closing of approx 19632.55 yesterday. Altogether, the Market is currently in a very choppy mode. Where we can clearly observe the stock specific...
Banknifty tested lower levels but has closed in the same range as the previous 2 days. On the hourly charts, it has again closed between both the moving averages. It gained 200 points in the last hour signifying some bullish movement in coming days. Both buyer and seller took charge today. Seller where in control in the first half of the session but buyer pushed...
TRENT breaking out a range box with huge volume bullish RSI and MACD crossover educationa idea only
Formation of a CUP and Handle pattern on monthly chart will confirm breakout in next 2 to 3 months. After Breakout looks good to hit 9494. Disclaimar:- Just a veiw for education purpose.
Dear All, Fortunately, we had witnessed a closing of above 19550 in Nifty, for the 2nd consecutive day, yesterday. So for now, we are still positive on the Market, until the index is trading above 19300. Where 19800 will play a crucial role as a level of Resistance. Furthermore, it is better to be stock specific and to keep following the...
As we can see despite the trend line breakout BANKNIFTY didn't move much as it got rejected at the psychological level of 45000 as we analysed in our previous analysis and maintained itself in a range throughout the day. Now we can see BANKNIFTY maintaining itself in a range of 44750-45100 levels. The break of 45100 could potentially show a unidirectional move...
Gap down opened on 27.07.2023 after earning a report on that day indecision in market participants formed a neutral candle at both sides and tried to break the zone. On 28.07.2023 candles just formed inside the previous day candle show signs of aggressive sellers absence. On 31.07.2023 buyers entered the zone and drove the price above 27.07.2023 open shows +ve...
Dear All, Yesterday we had got to witness a gap up opening with ultimately a flat closing , in Nifty. Also, just as we had stated yesterday itself about the need to witness a closing of above 19550 for about 2 consecutive days in order to witness a new positive momentum. Similarly, on the positive note we had fortunately witnessed a closing of above...
Banknifty today was too volatile and closed almost flat to negative losing 42 points. It has been trading below the 20 ema and today also it closed below the levels while nifty has closed above its 20 ema. Both the indices were range bound and traded in opposite direction. Even after a gap up opening banknifty couldn't keep the gain. On the hourly charts, dojis...
Dear All, The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx. Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the...
SBIN has given a fall of 7% in this week after forming a double top pattern. An evening star pattern has been formed on the weekly time frame and stock has closed below the 20 ema. After trading around the ATH stock has given a nice fall and in the last trading session too it has given 3% fall. Volume indicator also confirms the pattern as the volume of the...
Nifty50 given back to back 3 negative candle #support 19300 #resistance 19800 educational idea only
All details in chart. This includes RSI strategy, Futures OI strategy, EMA strategy, Support and Resistance Zones.
In the Weekly Chart of MOTILALOFS , we can see that; Decision making Candle is formed near Big Cup & Handle Trendline breakout. Enter on breaking its HIGH with LOW as SL.
In the Weekly Chart of TCI , we can see that; it has spended 3 weeks near Trendline breakout. Decision making Candle is formed near Trendline. Enter on breaking its HIGH with LOW as SL.