Indian market are forming new ATH but are unable to sustain at the higher levels. On the daily time frame, the market has formed a red candle at the higher levels and is still respecting 19400 levels. Market opened gap up and gained an up side momentum in the initial hour. The market consolidated on the higher levels and there was a sell in the second half losing...
Power Grid Corp has broken out of its ATH on beautiful volume at an increasing rate with two big green candles and has now pulled back on decreasing volume which shows that there is less selling and more buying in the stock. This is an opportunity to buy into the trend as the stock is in a clear uptrend and looks bullish. This is a riskier trade and hence I would...
Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have...
WELSPUNIND | SWING TRADE | BULLISH MOMENTUM CONFIRMATION FACTORS 1) Pole and Flag formation 2) 20/200 EMA Crossover 3) Market structure breakout and good consolidation happening
Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed...
Nifty is unable to cross above the high and has given a nice selling candle in the last hour. The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400. On the hourly charts, market traded around the 20 ema and closed below it. Either side market is not giving...
Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need...
Polycab breaking out a F&P pattern good volume,hott RSI,MACD crossover looking very good for long term educational idea only
Its clearly seen inside candle formation last week (in comparison to earlier week) and current week also inside candle formation seen since 2 days (mon, tue) based on last week, so its like inside candles since 2 weeks. So wait time for a big movement either on upside or downside. Upside if it breaks, needs a lot of strength though to go up further and a retest...
Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and...
Nifty has again faced a rejection from the higher levels. Though, nifty closed 80 points higher after a gap up and has formed a gravestone doji on the daily charts. Markets are respecting the higher levels and couldn't convincingly create new highs. The market is missing on the buying or selling momentum and has been consolidating near the highs. On the hourly...
The chart depicts the beautiful set up for investment / trade opportunity. Recently stock has given a breakout and retested that level with Doji , follows up with Morning Star and Three White Soldier . The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock. Weekly Chart From April’23,...
Dear All, So, yesterday we had observed how Nifty took a pause, after a beautiful rally. For now, it is being expected that until Nifty is above 19200, it can somehow show us a further rally in the Market. So, in such a situation, with the stop loss of 19200 and 18700, be stock specific and keep following the Cherry picking strategy at this new...
A hanging man candlestick occurs during an uptrend and warns that prices may start falling. The candle is composed of a small real body, a long lower shadow, and little or no upper shadow. The hanging man shows that selling interest is starting to increase. In order for the pattern to be valid, the candle following the hanging man must see the price of the asset...
Banknifty has formed a doji and has closed almost flat. Whole day market remained volatile and during second half respected the support zone of 44850-900. The market on the hourly time frame, took resistance from the 20 ema and closed below it. Banknifty was weak and tested 44700 levels. Though, it was not trending and took the SL of the option buyers. On 15...
Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute...
Dalmiabharat Short below 2153. Targets will be 2115. Reason for trade, RSI is weak, Price has consolidated, latest candle body is covering the previous high volume green candle, Also trendline is getting break. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking...
L&TFH | Swing Trade | RR 3.0 | Reversal from the breakout level