Hello traders, Post market analysis for 23 August: today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472. If we look at Daily chart, we can see three consecutive HH & HL. Amidst traders anticipating a Bearish move, market...
Symmetrical triangle pattern formation in PFC in 15 min timeframe Please find the levels marked on the chart If price gives break out: First target - 277.20 (52 week level) If price breaks down: First target - 267.40 Second target - 265.45 Stop loss could be at the end of the wick of the first opening candle. Happy Trading Cheers
NSE: PARADEEP is closing with a bullish momentum breakout 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 can see despite a strong opening NIFTY remained sideways to negative throughout the day as we analysed in the previous post. Now following the global cues we can expect a flat to negative opening for NIFTY and expected to remain negative throughout the day until NIFTY takes support at trendline or the demand zone mentioned in the chart so plan your trades...
Market are still not in a trending phase and it consolidating in a narrow range. Banknifty after a gap up opening tried to trade above 44100 levels but couldn't sustain above the levels and came for selling in the second half of the session after consolidating in the first half. On the hourly charts, market has closed around 20 ema and is trading around 44k...
Today the market has killed the option buyer as it has consolidated in a small range of 60-70 poits. Nifty has formed a halt candle and has closed flat on the daily charts. On the hourly chart, nifty traded in between the moving averages, taking resistance from 200 ema and support from 20 ema. A good consolidation is going on in the market and trend market is...
NSE: RUSTOMJEE 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 12% gain on...
As we can see NIFTY despite its whipsaw movement in the first half, it managed to close in a good green showing a string recovery from our demand zone as analysed in our previous post but it has not yet broken and sustained either of the levels to decide its further trend hence we can expect NIFTY ti remain sideways until it breaks either of the levels mentioned...
FinNifty has been trading in a range for last 3-4 session and tomorrow being an expiry there can a trending move. A morning star pattern is there on the daily charts but the resistance level of 19600 is still being respected. If the market starts trading above the level there will be a nice up move as it has consolidated. On the hourly charts, market has given a...
Banknifty opened gap up and retested the trendline. The market has closed 150 points higher and remained in a upmove during the first half of the trading session. It has formed a perfect doji on the daily charts but is still not showing some conviction of holding higher levels. On the hourly charts, market gave a nice upmove and took resistance around 44100...
NSE: CHEMPLASTS 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...
Nifty is coming out strong today. Good recovery from lower levels of 300. and a breakout above 385 after taking its sweet time consolidating below 385 is a good sign that we might see a contiuation towards upside. TP1: 450 Tp2: 470 SL: 15min close below 365. If day closes above 500 (by any chance), swing targets will be 640 and 800 (32).
Short Lupin below 1064, Target 1043 - 1045. Reason for trade Divergence in RSI and RSI is looking weak. On Weekly timeframe shooting star has formed at top of the trend. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If you think this idea is use...
Dear All, As we had observed a Doji formation on the Day chart of Nifty on the last Friday. Likewise, fortunately we had witnessed a closing of above 19300 on Friday itself. However, overall the situation is still quite crucial as of now, since Nifty is finding difficulty and is not being able to reach and sustain above the level 19550. Therefore, in...
Banknifty has been trading around a major support levels and is around weekly 20 ema. It is taking support from the moving average. For last 4 weeks market has given red candles and has formed a confusion candle this week. On the daily charts, market is stuck in a small range which shows that there is a high probability of a trend market in this week. Banknifty...
Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
In the Weekly Chart of NIACL , we can see that, after Cup & Handle Breakout it is ready for big momentum. Enter on Hammer Candle's High with Low as SL.
In the Weekly Chart of MHLXMIRU , we can see that, it has formed a Bullish Hammer Candle on Support. Bullish Momentum is expected from here onwards.