Dear All, Just as we had stated yesterday about the huge chance of witnessing a bounce back in Nifty, as a result of observing a bullish reversal pattern, named hammer. Likewise the very same was observed yesterday itself. As once again after taking a support at around 19300, i.e., at 19317 Nifty finally gave us a positive closing of 19465. Well for...
today (16th August), market opened again at around 19890 level. After the opening dip, Buyers managed to defend 19360 level and ultimately managed to push the market above 400 and then breaking last days High. Few key points: 1. opened at same level at last trading session. 2. Made a Higher low. 3. Made HIgher High. 4. Higher Close. which indicates relatively...
Bullish engulfing bar at 200EMA Fibb 0.618 level previous resistance turns support
As we can see similar to previous trading session NIFTY despite its weakness recovered and closed in green today but failed to close above our given level and hence NIFTY could be possibly testing the trendline for further fall till it breaches the level mentioned which is backed up by the trendline which has been followed by NIFTY for quite some time now so plan...
Indusind Bank Cmp 1397 dated 11-8-2023 1. Bearish Candle @ top 2. RSI divergence Sell below 1390 tgt 1380-1370-1355-1340 SL 1425 It is just a view, please trade at your own risk.
SBi life Cmp 1311 dated 11-8-2023 1. Three Black Crows @ top @ resistance Sell below 1304 target 1295-1275-1260-1235 SL 1340 It is just a view, please trade at your own risk.
NSE: SCI is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed...
NSE:NIFTY continues to be weak @19380 Formation of Head and shoulder pattern Formation of grave stone doji 11:00am 15m candle, with good volume 15 min candle should give closing below 19376 to enter a put trade stoploss would be high of the 11:00 doji 1st target day low 2nd target yesterdays day low For more update and analysis follow Thank you
Dear All, So once again we had witnessed the significance of 19300 level on Monday itself. As after making a low of around 19257 during the day, the Index ultimately gave us a positive closing of around 19434. Well now we can observe a bullish reversal pattern, named as Hammer, on the Day chart setup of Nifty. So, we are now expecting a bounce...
Voltas looking good. 50 ema retest as well as fibonacci retest done at the same. target can be achieved as marked in chart.
As we can see despite the breakdown of the trendline which NIFTY had been following since last few weeks couldn't show much fall, though it fell unidirectionally in the first half but it managed to recover and ended up closing in a positive note but we can see that NIFTY can be retesting the trendline for the continuation of bigger fall but on the other hand if...
19300 level proved to be a strong support. After first 15 mins of selling in the market, we saw buying in the market. whole day we saw Bulls stepping in at every level (350/400). Although it is forming a strong Daily candle, we can't be so sure that it will resume Bullish on upcoming days. This move back to 19420 might just be a pullback and retest of this...
ICICI PRULI is facing resistance at 581 and make strong bearish candle with high sell. It has high potential to touch 551 price. Target price :- 551 Stop loss :- 587.5
Short MuthootFin Below 1346, SL of 6 - 8 points for Target of 1330. Reason for trade RSI Divergence, Weekly TF candle is shooting star. Avoid trade if opens big gap up 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 trade. If you think this idea is use...
Dear All, First of all, wish you all a very Happy Independence Week and a Week of Financial Azadi. Furthermore, we are expecting that for this trading week as well we can witness a sideways momentum in the Market. So, we will have to wait and watch for a clear cut indication, i.e., either a breakout of above 19550 or a breakdown of below 19300. ...
FinNifty has closed below the swing low and for consecutive 3 weeks it has given red candle. The market tried to retrace from the 19730 levels but this time it has closed below it. On the daily chart, there is a low formation, retest and again it is forming another low. The bearish trend is confirmed and once the index start trading below the previous day low...
Nifty50 trading in given range #support 19200 #resistance 19650 19200-19650 educational idea only
Banknifty has started trading below the previous swing low and closed below it. Volume are getting low on the weekly charts and it is near to the 20 EMA, there are chance of market testing the moving average. On the daily charts, banknifty has formed a bearish candle and after retesting 50% levels it has started trading below the swing. There is a bearish trend...