Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle. On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages. Global market are too trading in negative and if nifty starts trading below 19250...
@khc is looking attractive for medium to long term buy (< 1 year). This level is good to buy a major portion for those looking to make 20-30% returns in 6months to 1 year timeframe. The stock is bound for long rally once the downside is over.
NSE: SPIC 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 14% gain on...
Bajaj Auto Cmp 4601 dated 16-8-2023 1. last 2 candles taking support at the support line. 2. Today's candle is Inside Candle 3. Very Good RRR Buy abv 4615 target 4650-4700-4750-4780 SL 4540 It is just a view, please trade at your own risk.
Hello traders, Post market analysis 23 Aug It was a great recovery from the Low of the day, forming a very bullish candle on Daily chart, closing near day's High. expecting continuation of this newly gained Bullish momentum. trade plan for tomorrow 24 August: 15 min close above last session's High keeps me in a long trade, and 15 min close below 44400 is...
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).