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.
In the Weekly Chart of ARVINDFASN , we can see that; after multiple failre of Cup & Handle, it is trying to reach same level. Bullish candle is forned. Expected momentum is shown in chart.
In the Weekly Chart of STARPAPER , we can see that; it is forming a Big Cup and handle. Since last 6 weeks it is in same range and there is not selling in it. Also Hammer candle is formed. Enter on breaking Hammer Candle's High will low as SL. Expected momentum is shown in chart.
After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening. Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week. The market is creating a bull trend and this is a healthly...
Lodha Cmp 703 dated 5-8-2023 1. Three Black Crows @ Resistance Sell below 700 target 680-665-640-625-605 SL 740 It is just a view, please trade at your own risk.
In the Weekly Chart of IBREALEST , we can see that; it has created a Halt / Decision making candle near breakout range. Possible momentums are shown in chart.
In the Weekly Chart of TCS , we can see that; after breakout of Cup & handle, it has retested properly. Possible momentums are shown in chart.
Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star...
As we can see BANKNIFTY has finally reached its SUPPORT and demand zone of 44300-44600 levels as analysed in our previous post. Now we can expect BANKNIFTY to show some strong movement from here if opens flat but if BANKNIFTY opens weak we may see BANKNIFTY show more of unidirectional fall of more 1000 points but there are higher chances of BANKNIFTY to reverse...
Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15...
Nifty on the daily charts has given a doji and closed below 20 ema. The market remained for selling from the initial hour. Due to the weekly expiry today there was buying in the closing hour and market closed below both the moving averages on the hourly charts. The market for 2 day has lost 350 points or 1.8%. Today nifty touched 19300 levels and reversed from...
Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then...
As we can see BANKNIFTY fell unidirectionally for over 600++ points exactly as analysed in our previous post as it open-end weak and fell unidirectionally. Now following the global cues we might expect the index to open weak tomorrow too, hence we may expect BANKNIFTY to remain sideways to negative throughout the day until it reaches our demand zone wherein any...
Nifty has been trading in a parallel channel and is respecting the channel on the daily charts as it has closed above the support line. On the hourly charts, after testing the 200 ema, nifty reversed and closed above 19500 levels and between both the moving averages. Market today was in a bearish trend from the moving and even after the gap down opening it...
Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new...
As we can see despite a strong opening BANKNIFTY failed to sustain itself and fell unidirectionally being sideways but can be seen taking support at the trend line hence if BANKNIFTY opens above the trend line and takes support we might see a strong recovery but if it opens weak we may see BANKNIFTY falling unidirectionally over 400++ points so plan your trades...
Nifty has given a flat closing after gap opening and remained jittery through out the trading session. There was a profit booking initially and after that neither buyers nor sellers took over and formed doji after doji. On the hourly time frame, market took support from the 20 ema and closed near the levels. Market took money of option buyers and consolidated...