As we can see NIFTY slowly but surely moving strong from our demand zone thought not of movement can be witnessed in chart but the strength is quite evident in bigger time frame. Now we may see NIFTY take another dip towards our demand zones before finally breaking out strong as we can see signs of indecisions so plan your trades accordingly.
Nifty has given a 2% fall in a week and closed above 22k levels after testing 21900 levels. It consolidated around the higher level and gave a fall, there is a probability of it continuing the fall. If there is a gap down opening and a retest of the current support level of 21900, a bearish trade can be initiated after a negative price action around it. In...
A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as...
As we can see NIFTY followed exactly what we expected! It tried breaking it psychological level but failed to sustain below and showing a false breakout, it railed above. Based on the global scenarios, we may expect a strong opening hence if NIFTY manages to hold its strength then we may again see NIFTY rallying strong upside but can lead to sideways to negative...
NSE: DELHIVERY 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 12% to 20% gain on...
As we can see NIFTY has finally achieved the strong demand zone and a psychological level of 21800 level. We may expected a strong opening and signs of REVERSAL from here but in case if NIFTY fails to hold and sustains below 21800 level then we may see another weakness from here and a rise of new trend which is downtrend. We may also expect NIFTY to do false...
1. Support levels are highlighted as S1, S2 & S3 2. Heavy Selling 3. Negative News
As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT....
Wipro for the intraday trade is looking bullish and has closed around the resistance zone. The stock after the fall has given a bullish engulfing candle on the daily charts. It has been respecting the resistance trend line. Even the RSI indicator is showing a bullish divergence in the stock. If the stock starts trading above 520 levels and sustain above it, a...
Today the markets where volatile in the first half and has consolidating in the second. Finnifty remained in a small range between 20610-680 after a good bullish candle aand closed almost flat on the daily charts. For last three trading sessions, market has been forming doji and are highly volatile. It is hitting the Stop losses and moving the direction...
NSE: BLUEJET 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 12% to 19% gain on...
Confirmation:- 1] Market structure shift 2] Imbalance area 3] M pattern target complete Target confirmation:- 1st target - imbalance area 2nd target - equal lows liquidity with imbalance
As we can see Nifty finally broke below the rising channel pattern and had been weak ever since. We can see Nifty getting continuous rejection at higher levels showing its weakness. Now the only important SUPPORT we can see is 21800 wherein any signs of rejection could be a good buy but if it fails to take support at given level then we may see another panic in...
Confirmations :- 1] Market structure shift 2] Equal lows - liquidity 3] looking for the sell candle confirmation Target :- 1] Imbalance area
ADVENZYMES | Perfect Cup & Handle is in making, breakout above 500 can fetch us 100% ROI Risk reward is attrative at current price CMP : 360 SL : 310
💎 ETC is currently exhibiting a bullish market structure and is undergoing a retest of the support zone, which was previously a resistance level. This zone may now act as support since it has been broken. 💎Analyzing past chart data reveals that there is potential for a bounce from the bullish interest zone, especially if ETCUSDT forms bullish engulfing...
As we can see NIFTY showed a strong reversal despite touching our reversal levels but we did expect a strong movement from our demand zone. Now we can see it has closed below the channel which could potentially act as a RESISTANCE hence unless NIFTY closes inside the channel until then we cannot confirm this as a false breakdown and can expect further downfall so...
BUY HDFCAMC Entry - 3780 Target - 4180 Stoploss - 3580 Risk Reward Ratio - 1:2