Banknifty is sustaining at the higher levels and created a new ATH of 44500, Though on the weekly charts, a red candle is formed still the markets are around 44000. Markets have been taking support around 43500 previously and can test the same levels in coming week. The market has been testing 20 ema on the weekly time frame as a support and 20 ema as resistance...
Finnifty End Of Day Technical Analysis for Intraday Trading Support Zones for Finnifty are as Given Below S1-19495 S2-19155 S3-18980 Resistance Zones for Finnifty are as Given Below R1-19630 R2 -19730 R3 19830 SGX nifty CLoses Above 18700 and Dow Jones also 2% up on Friday , Monday Finnifty Gap up Posiible Above 19430 / 19500 , For...
Banknifty Confirm Targets By Price Action Strategy Best Trading Strategy for Intraday Trading in Banknifty Trading is Support and Resistance Levels Trading Strategy , Benefits of Support and Resistance Strategy is Low risk and High Reward Support Zones for Banknifty are as Given Below S1- 43620 S2 - 43435 S3- 43120 Resistance...
As we can see more of fall was witnessed in NIFTY from 18600 levels and fell till 18450 level we can expect more of fall till 18400 levels before finally REVERSING! We can even see a trending that is being followed by NIFTY which might act as a support for now hence long positions should only be made around supports
A shooting star occurs after an advance and indicates the price could start falling. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Traders typically wait to see what the next candle (period) does following a shooting star . If...
Nifty has closed below the round number figure of 18500. The market has given a nice fall in the second half of the trading session. On the hourly time frame, nifty has started trading below 20 ema and has given a negative closing. The market tried to sustain at the higher levels but couldn't hold long. Nifty still remained strong as compare to the finance...
A bearish candle has been formed on the daily charts in banknifty and has closed below the low of previous day. On the hourly chart, the market consolidated in the first half and remained in a narrow range of 150-60 points. Banknifty constantly took resistance from the 20 ema and gave a nice bearish movement in the second half of the trading session. Markets...
As we had been analysing since last 2 days that the pending gap is yet to be filled and we did see that gap filling in last trading session! Now it completely depends upon opening of NIFTY as if NIFTY opens above 18500 we might see some pullback or else we can see more of downfall coming up in NIFTY till 18400 wherein signs of REVERSAL could show good upmove so...
Banknifty completes Fibonacci retracement levels on 31st may. Now it’s ready for another bullish move. Today’s day high and low are the key levels to take buy or sell decisions. Mark the levels on chart for tomorrow and take action accordingly. -Sairam Adapa Oneshot Trader
Banknifty tried to gain some point in the last hour of the trading session and has formed a dragon fly doji on the daily chart. It closed above the 44100 levels. On the hourly time frame, the market has started trading below the 20 ema and took resistance from it. The market gave break down of 44250 levels and has retested the same levels. Support :- 43835,...
Nifty has fallen in the first half of the trading session and tried to recover some points in the second half. Market on the daily chart has given a dragon fly doji and closed above 18500 levels. The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced...
As we can see NIFTY had been sideways throughout the day hence making it more room for fall in coming trading sessions! if NIFTY opens strong then we might see NIFTY getting rejected at 18700 levels which is a better place to short! on the other hand if NIFTY fails to sustain itself above 18600 levels we might see a good downfall in coming trading sessions so keep...
STARHEALTH | Trendline + Flag setup - Looks potential for 20% CMP : 608 SL : 570 Target : 700, 730 1:3 risk reward setup
Bajfinance on weekly chart is showing initial signs of reversal and personally anticipating a higher bottom on weekly timeframe which is also at a good fibo support zone and can potentially provide a start of formation of Weekly double bottom or (W) pattern, also stock is nearing its 200 weekly ema which has acted as good investment / accumulation zone in past....
Banknifty has been holding itself at the ATH and has formed a range of 200 points in which its trading. The market has gained some points during the last hour of the session and has closed above 44400 levels. The market is taking resistance around the round number figure of 44500. On the hourly time frame, the market has been trading above the 20 ema. Banknifty...
For the last two trading session, nifty has been trading in a similar range and has formed dojis. Though banknifty has been trading new ATH, nifty is unable to capture the previous high. On the hourly time frame, the market has traded inside the first candle and is taking support around 18600 levels. If the markets break down, gap fill trade can be taken. On the...
HDFCBANK FUT made 3 soldiers reversal pattern on an hourly chart. Could be bought with mentioned stoploss & target with very good Risk:Reward ratio. Not to be missed.
Dear All, What a beautiful day it was yesterday. Starting with a Gap Up Opening, we did also observe the Market sentiments becoming more positive. However, since there was a choppy sideways movement in Nifty for almost the entire day, yesterday. Consequently we can now also observe the formation of a Cross Doji pattern on the Day chart of Nifty, which is...