NTPC Has created a flag pattern and Gave a retest which shows bullish movement. Keep Watching it.
Dear All, Yesterday we had got to witness a minute closing of near 19550, i.e., at 19543.10 Therefore, overall we can see that the Market is currently trading in a consolidation phase. Where it is better to wait for a clear cut indication, as of now. Furthermore, we had also witnessed a selling pressure in most of the stocks yesterday. So, with the...
Jindal Saw Cmp 324 dated 31-7-2023 1. Hammer after a correction Buy above 325 target 340-360-380 SL 300 It is just a view, please trade at your own risk.
As we can see despite the negative news announced by RBI of maintaining a CRR of over 10 percent and an unprecedented rise in inflation which led to the sudden fall in index but it maintained itself above the demand zone and can be seen trading in the demand zone hence any flat to weak opening in this range could show strong up move in the first half itself so...
Banknifty from the first hour was looking weak and whole day traded lower than nifty. It has given a red candle and closed 340 points lower forming a doji. Still banknifty respected the previous swing but has started closing below previous day closing range. This week till now has given more of losses as there is no clear trend in the market. In the second...
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...