The downtrend is stopped at a good support point with high volumes and bullish engulfing pattern. The stock should rise by atleast 10% in short term.
Crossing a strong resistance point with very high volume just after breaking support. Seems like there will be minimum 10% upward movement. Stop loss can be kept at 5%.
A bullish engulfing marabozu candle is there on the daily charts of Banknifty. Market has taken a nice support from 20 ema and given a nice bullish move after touch the support. On the hourly charts, BN remained in a range and given a nice move in the last hour of the trading session and closed above the 20 ema. Even on 15 minutes chart, the market has closed...
Market has given a flag and pole pattern on the hourly charts and closed above 18700. On the daily charts, the market has formed a bullish candle. Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels. In the first hour market give a nice bullish candle and consolidated...
Nifty bank trading zone this week can be 43650-44500 educational idea
As we can see NIFTY can be seen making a doji candle in one day TF and also this candle formation has been done around trendline showing a potential signs of REVERSAL hence we might expect an upmove from here but if opens weak then we can wait for NIFTY to take support at both psychological levels and the trendline so keep watching everyone
Dear All, Once again the week starts with a Doji formation. However, this time, there’s some positivity to it, i.e., we can now observe the formation of a Bullish Harami Cross pattern on the Day chart of Nifty. Which altogether indicates that the Market can show us some further bullish momentum, Today. So, we can very well utilise this optimistic...
mfsl fut broke out of flag/descending channel pattern as well as made hammer candle on 30 min chart with decrease in OI suggesting shortcovering. could be bought with mentioned stoploss & target/intraday.
Asian Paints Cmp 3200 dated 5-6-2023 1. Trippel Top Made 2. Bearish Candle @ Triple Top 3. RSI Breakdown Sell below 3195 tgt 3175-3140-3110-3085 SL 3250 It is just a view, please trade at your own risk.
Bank Nifty is in range from last various days, Hence today could be a breakout or breakdown in any direction as per given chart analysis, please go through the analysis.
As we can see NIFTY couldn’t sustain itself above 18600 and fell unidirectionally! Now we can expect NIFTY to fall further till the trendline wherein any signs of rejection around that area should be a good buy as 18500 being a psychological level could act as a catalyst being a good support so keep watching and wait for better opportunity to enter for long
Nifty50 trading zone for this week can be 18400-18900 but only after breaking 18800 educatinal idea only
Go Long above 873.9 for Targets of 1032, and 1137.4 with SL 821.2 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Harami (marked with orange...
DHAMPURSUG | Channel breakout - Potential for 35-40% CMP : 278 (Dip : 270) SL : 250 Target : 370 1:3+ risk reward setup
In March 2023, Nifty formed doji, after 3 consecutive monthly red candles. On a monthly basis, keep stoploss of 16800, first target 17821 (April end) second target 18200 (May end)
NIFTY50 Formed a bearish candle and continued downside movement in Daily Time Frame. Also in Weekly TF formed a bearish candle. As mentioned in chart if nifty breaks 18512 and sustains below that levels at least in 1H TF will look for selling opportunities. Please click on like button if you like our analysis and share it with your fellow traders. If This...
The Nifty End of week Analysis to Understand the Nifty sentiment and Identify Potential Trading Opportunities for Next Trading Day . Nifty Demand and supply zones are Price levels on Chart where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator for Nifty Intraday Trading Support Zones for Nifty are as Given...
Howdy Traders, I feel that the market may give a little negative I because the doji candlestick pattern is seen at the higher highs followed immediately by a black candlestick, indicating that the market may provide a little negative move. Note = If the market stays below the level of 1249 then Target- 1231.90