In the Weekly Chart of ELIN , we can see that; Hammer Candle is formed. Also we might see a Cup & Handle Pattern and its breakout too. Enter at 152 with SL as 144.
In the Weekly Chart of SHEMAROO , we can see that; it has given multiple rejections at 180 level. Hammer Candle is formed and we might a shift in momentum from next week. Enter at 144 with SL as 133.
In the Weekly Chart of TV18BRDCST , we can see that; it has given Trendline breakout and retested it by creating a Hammer candle on it. Enter on breaking its Hammer candle's HIGH with LOW as SL. Hold till 56-60.
As per Candle Pattern Nifty50 Form Bearish Harami Candle Pattern.
Dear All, Just as we had stated yesterday, about our expectation of witnessing a selling pressure . Likewise the same was observed in the Market yesterday itself. Moreover, yesterday Nifty made a low of 19603, which was somehow very near to our stated support level of 19550 (with a difference of only 50 points approx). Furthermore, since today is...
For the last 6 trading day banknifty has been trading inside a range and today it has formed a bearish engulfing candle. Banknifty is taking support from 45600 levels and has been tested many times. If the levels is breached and market starts trading below the levels, there are high chances of market testing 45200 levels. On the hourly charts, not a single green...
A bearish engulfing candle on the daily time frame is showing some negative mood in the market but it is taking support from 19630 levels. Not a single green candle is formed on the hourly charts and market fell around 200+ points from the day high, closing 120 points lower or 0.6%. On the hourly charts, market is trading around the 20 ema and has again closed...
Granules Cmp 309 dated 14-7-2023 1. Inside Candle 2. Making Higher Lows 3. RSI Divergence Buy above 313 target 320-335-345-365 SL 300 It is just a view, please trade at your own risk.
TECHNICAL ANALYSIS : THREE DRIVES HARMONIC PATTERN - Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon DOJI PATTERN - Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend HAMMER PATTERN - Also a hammer pattern is formed which again...
Dear All, Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself. So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550. Therefore, in such a situation we have to be stock specific and have to keep...
Canfin homes 851.20 dated 25-7-2023 1. Bearish Engulfing Candle @ Top of chart. 2. Price Fall with Volume Sell below 845 target 825-815-800-790-765 SL 895 It is just a view, please trade at your own risk.
Banknifty has finally traded and even closed above the 46k levels. After a gap up opening, it fill the gap and in the second half crossed the 46k levels. It has closed near the resistance zone of 46100 levels. Banknifty consolidated and gave a break out above 45950 levels. On the hourly charts, it has closed above the 20 ema and it respected the levels after a...
Nifty traded inside the first hour candle and closed 100 points higher forming a confusion candle charts. The market are consolidating and creating confusion. On the hourly charts, started trading above the 20 ema after the gap up and took support from the levels. Nifty traded in 70 points range after the first hour candle. Initially, both the indices were...
Dear All, From back to back 2 days, we have been witnessing a supply pressure in Nifty. Where on the other hand, we have also been witnessing a stock specific momentum in the Market. Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today . Furthermore, it...
GMR INFRA - Stocks has been closed above the resistance as well as breakout area. Now structure is looking good for 60+ levels.
Banknifty after a gap up opening came of selling initially and closed 80 points lower on the daily close. There is a bearish engulfing candle and market is taking support from 45600 levels. On the hourly chart, market remained in a 200 points range in the second half of the trading session. The market has formed resistances on the highs and are near by the...
Nifty has traded inside a 100 points range and closed almost flat. A red candle has been formed after a gap up opening. On the hourly charts, market traded below the 20 ema. Today it remained in a range and made difficult for the option buyers. A constant rejection from 19700 level was faced by the buyer and market was unable to cross and sustain above it. On...
Seeing Banknifty in no trading zone for at least a week. - The pink line represents a bullish breakout. - The orange line represents a bearish breakdown. Strangle/Straddle Hedging will be more beneficial right now.