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...
Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a ...
As we can see BANKNIFTY showed a unidirectional move after opening flat and took support around the trendline in the first half and reversed exactly from the trendline and showed exactly from the trendline over 300++ points and hence now if BANKNIFTY opens flat to strong we can can see another strong rally of 400-600 points in coming trading sessions so plan your...
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PVRINOX has given bearish momentum in 200 EMA line in 1D timeframe and it had taken support on the trend line in 5 mins timeframe. Price shows good potential to be going downwards if it breaks the trend lines. Go short for swing or intraday trades. These analysis are only for educational purposes, please do your own research before investing Happy...
Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that...
GAIL getting resistance at 100-102 level 14 years resistance now acting as support, may get new high level look at chart as detail pointed level. same condition on monthly charts also following. world moving towards gas so India also taking same action for meeting carbon free environment. this may portfolio stock don't consider as recommendation for buy or...
After 4 weeks in green market has given a halt candle near the high forming a red doji candle. Even on the daily charts, market has formed a doji, on the lower side of the range in which it was trading. The monthly expiry was a good one and the trend remain on the sell side whole day. Nifty is trading around 20 ema (daily) and if it breaches the levels it can...
In the Weekly Chart of FAIRCHEMOR , we can see that; it might form a Cup & Handle Pattern. Enter on breaking of Hammer Candle's HIGH with LOW as SL. Expected momentum is shown in chart.
In the Weekly Chart of HGS , we can see that; it might form a Double Botom Pattern. Enter on breaking of Hammer Candle's HIGH with LOW as SL. Expected momentum is shown in chart.
In the Weekly Chart of LICI , we can see that; since it IPO Launch it is under selling pressure. Now we can see shift in the momentum. It is holding strong at FIBO Level of 0.23. Enter at 640 with SL as 620. Invest in LICI for Longer term.
As per price action analysis, for educational purpose, my view on JBM AUTO has high probility to go up 15% or more within 10 days. You must study the fundamentals and other technical aspects. Only for your eduactional purpose.
Nifty index has provided break out and retesting on 100 EMA line in 5m candles. We are expecting a retest on 100 EMA line if it stays above 100 EMA line in trading session tomorrow. 1st Target - 19670.00 2nd Target - 19699.00 Happy Trading. Cheers :)
As we can see BANKNIFTY showed a strong rejection from the trend line and fell unidirectionally over 1000++ points in couple of days. Now it can be seen taking support at the trend line hence if we see BANKNIFTY opens above 45500 we can expect a strong recovery in the first half but if it breaks last trading days low we may see a bloodbath coming up so plan your...