In the Weekly Chart of MAYURUNIQ , we can see that, it has formed a Hammer Candle on 490-500 Support Trendline. Expected Momentum is shown in Chart.
In the Weekly Chart of MARICO , we can see that, it has multiple rejections at 440-450 levels. Inside Candle is formed. Expected Momentum is shown in Chart.
As we have seen various banks have posted amazing results which might lead to a strong opening for tomorrow so we might see BANKNIFTY to remain strong in the first half till it reaches some psychological level of 46500-47000 levels and any signs of REVERSAL around these levels could show unidirectional fall in second half so plan your trades accordingly
In the Weekly Chart of CHAMBLFERT , we can see that, it has made a Decision OR Halt Candle. Expected momentums are shown in chart. We can also take small trade on breaking its High with Low as SL.
Nifty50 trading zone for this week #resistance 20000 then 20300 #support 19700 then 19500 educatinal idea
Looks like BPCL can see levels of 405 and 428 in the coming months. Also, the inverted head and shoulder pattern is getting completed.
Dear All, Finally yesterday, Nifty had almost achieved its target level of 20000, as it was just missed by 10 points. As of now the concern is that we are on the top, so here once again cautiousness will be the important tool. Moreover, since today is the last trading day of the week, so it will be suggested to be stock specific and to keep...
BANKNIFTY despite its flat opening and being sideways in the first half finally broke out in the second half and rallied over 500++ points now we can see BANKNIFTY to show more of upmove in coming trading sessions till 47000 which is its next psychological level which can potential act as a RESISTANCE so plan your trades accordingly
A 500 points rally took banknifty past 46k levels and market has closed above it. During the morning hour market consolidated and in the second half gave a rally of more than 400 points touching 46200 levels. On the hourly charts, the breakout of the previous day high gave a 350 points rally during the last hours. A sideway to bullish market will be there. Buy...
NSE:BHARTIARTL is reversing from SMA20 support after 6 days of selling pressure.
Dear All, So yesterday was altogether a roller coaster day for the Market, where Nifty opened at 19802.95, then gradually made a low of 19727.45 during the day and then finally gave us a positive closing of 19833.15 However, the formation of a Hanging Man pattern on the Day chart setup is somehow indicating that a little supply pressure can be...
As we can see BANKNIFTY remained sideways throughout the day as we analysed in our previous post but closed in a positive note as we can see BANKNIFTY in more like a double bottom pattern in smaller time frame hence if BANKNIFTY opens above our given level then we can see more of greater up move tomorrow else we can expect BANKNIFTY to remain sideways to negative...
An Inside candle has been formed on the daily chart and a dragon fly doji has been formed. Market closed gaining 260 points. There was a gap up and a profit booking took market down. Supports are nearby and the market is still in the bullish move. On the hourly chart, a V shape recovery was there. And it is trading above the moving averages. Today option buyer...
Dear All, On observing the yesterday’s market momentum, it seemed like it was altogether a Rest day for Nifty. As after making a high of 19819.45 and a low of 19690.20, Nifty finally made a closing in an indecisive mode , with no clear cut indication. Besides, in the midst of all this, the positive data from the FII, along with the IT sector’s...
As we can see BANKNIFTY despite its strong opening failed to sustain itself above our given level and fell unidirectionally hence we may expect BANKNIFTY to remain sideways to negative in coming trading sessions and a better place to short would be around our levels if signs of rejection is seen for a good fall till yesterday's low so plan your trades accordingly
ABCAPITAL is taking support at 187 support and make strong bullish candle with high demand. It has high potential to touch 196 price. Target price :- 196 Stop loss :- 183
Swing trade on patel engineering using weekly chart
Dear All, Yesterday once again we had observed a New Record High in Nifty. Where, the most beautiful part was that after 7 days of consolidation, the index finally decided to take a breakout. As per the current scenario, we can say that the Market is altogether in a different mood, where there are huge chances that we might also get to witness the ...