Dear All, It was indeed a wonderful week for Nifty, as finally we had witnessed a beautiful recovery on a weekly basis. Wherein, Nifty had successfully crossed the level of 18400 and had given us a beautiful weekly closing of 18500 approx. So yes, somehow our predictions are becoming true, that above 18200 we are now ready for a new high in Nifty,...
Dear All, Once again we had seen the significance of 18200 as the level of support for the Market, yesterday. Where after making a low of 18202.40, the index ultimately made a good recovery and gave a closing of 18321.15 After 2 back to back Doji formations at the upper levels, we can now observe the formation of a Hammer pattern on the Day chart of...
Dear All, Just as we had stated yesterday, about witnessing the formation of a Morning Star Doji, consequently we did also observe a gap up opening in Nifty, along with a positive momentum in the Market. However, unfortunately Nifty was somehow unable to crossover the high of the past 4-5 days. Besides, we can now observe the formation of a Doji ...
Dear All, Just as we had stated in our Morning Mantra update yesterday , regarding the probability of witnessing a reversal from 18200 . Likewise, the same was observed yesterday itself, as taking a beautiful support at 18200, Nifty had showed us a beautiful recovery. Well, after observing the formation of a Long-Legged Doji, we can now observe the...
Dear All, Just as we had stated in our previous Morning Mantra update, about the struggle of Nifty at around the crucial level of 18200, similarly, we did also witness a closing of just around the stated level, i.e., at 18203.40 However, as of now, observing the pattern of a Long Legged Doji on the Day chart of Nifty, somehow indicates the ...
Dear All, So, Finally we had witnessed a weekly closing of above 18200 in the last week, as Nifty made a closing of 18314.80 This altogether is quite a positive sign for the Market on technical parameters. As of now, we are quite positive on the Market regarding witnessing a new high in Nifty in the coming days. So, with the stop loss of 17800, ...
Dear All, So, fortunately yesterday we got to witness another day of positive closing of above 18200. However the day ended on flat note as Nifty gave a closing (18315.10) of just near to its opening figure of 18313.60 Now observing the formation of a Doji pattern on the chart of Nifty, and also considering the fact that today is the day of weekly...
INFY | Trying to capture a 10-15% move CMP : 1294 SL : 1250 Target : 1440, 1600
Dear All, So once again yesterday, Nifty was trading in a range bound, where we had somehow witnessed a fight between a bull and a bear at the upper levels. Fortunately, the Index gave us a beautiful closing of above 18600, which is indeed a good sign for the Market, as of now. Moreover, until the time Nifty is trading above this level of 18600, the...
Buy Muthoot Finance above 1240, Target 1277. Reason for trade, good buying volumes, Stock is in good uptrend, have halted and is ready to move again. 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 full please like and...
Buy JSW Steel Ltd. above 752, Target 760. Reason for trade, stock took support on 50% pullback and reversed, also price took support on 20 EMA. Selling volume decreased and Buying volume increased. 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...
As we can see a strong recovery has been seen in bothy index despite being sideways in the first half. we expected a downfall below 43400 but it painted itself above 43500 throughout the day showing strength giving no signs of weakness. Now we can see BANKNIFTY trading at make or break level as this range of 44000-44200 had been acting as a strong resistance...
Tuesday Potential Trading Opportunities in Nifty for Intraday Trading Nifty Price levels where the Buying and selling Pressures are Expected to be Strong Support Zones for Nifty are as Given Below S1- 18650 S2 - 18540 S3 - 18485 Resistance Zones for Nifty are as Given Below R1- 18730 R2 -18770 R3 -18830 Nifty Option Chain Analysis...
Nifty Trading Opportunities in Intraday Trading Nifty Price levels where the Buying and selling Pressures are Expected to be Strong Support Zones for Nifty are as Given Below S1- 18765 S2 - 18723 S3 - 18683 Resistance Zones for Nifty are as Given Below R1- 18840 R2 -18885 R3 -18910 Nifty Option Chain Analysis for Intraday...
MFL | Simple breakout looks potential for 35-40% CMP : 1126 SL : 1000 Target : 1700
COSMOFIRST | Excellent area of value and high probable setup - looks potential for big targets But now aiming to capture 20-25% short term CMP : 700 SL : 650 Target : 850 1:3+ risk reward setup
shooting star candlestick is formed on the weekly time frame. As you all know shooting star is a bearish candlestick pattern/reversal pattern and predicts a fall in price. since the stock is trading at its all-time high can't say. On the other hand, if you watch the chart on a daily time frame, then you can encounter a RSI Divergence.
As we planned our trade yesterday that it has formed more like a head and shoulders pattern in bigger time frame shown signs of good downfall to come in coming trading sessions and also a change in trend but the neckline of the supposed pattern acted as a SUPPORT today despite being weak hence the more the neckline is tested the more it is getting weaker and...