As we can see in the chart it tried breaching 43600 mark and made a high around 43700-750 but failed to close above the given level which would have then assured the upcoming bull run but as of now we can still see BANKNIFTY to remain sideways to bearish in coming trading sessions
Paytm Cmp 699 dated 11-5-2023 1. Bearish Engulfing Candle @ resistance. 2. RSI negative divergence Sell below 694 for target 670-655-640-610 SL 740 It is just a view, please trade at your own risk.
Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hourly candle. Market have overstretched and is consolidating on higher levels. If the market sustains and gives a break out new highs can be seen, else market will debacle to test lower levels. The market, on the hourly time frame, has closed near 20 ema and...
Bank nifty on the daily time frame has given a grave stone doji after a dragon fly doji. Market after Gap up opening has given a selling. Initially market came for selling and consolidated in the second half of the session. After the first hour market has formed a bearish flag pole pattern. Support:- 43430, 43200 Resistance:- 43640, 43700 Bank nifty is still...
RAMCOCEM | Triangle +200 EMA breakout - Looks potential for 40% CMP : 777 SL : 720 Target : 950, 1100 Already shared from 720 level, now this is giving more conviction
As we can see NIFTY has finally broken and sustained above our given level and hence we can possible witness a start of new trend which is uptrend can be seen. Hence for now till NIFTY is sustained above 18170-18200 we can expect NIFTY to continue its rally
Daily Learning Day-56 Nifty Weekly Expiry special. 15min TF Chart Analysis In case of gapdown Short Below 18250
This description is only relevant if nifty forms a head and shoulder pattern in 15min chart. Nifty should again take a reversal from 18240 support level and go till 18285/18300 and reverse till 18200 to form a head and shoulder pattern and expect a fall in nifty. 1st tgt 18150. Then 200 EMA may act as a support then may become resistance if levels are broken. You...
Dear All, Back to back 2 days of observing a closing of above 18200 is indeed a good indication for the bulls. However, this week will play a crucial role in deciding the direction of Nifty’s momentum for the upcoming days. So, we are still with our words that alongside this uprise , it will be a good idea to go for Portfolio Rebalancing as of now,...
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...
As we saw BANKNIFTY had been sideways to negative the whole day as we analysed in our previous post! We can still see BANKNIFTY being sideways to negative in coming trading sessions unless BANKNIFTY closes above 43600 and sustains above given level hence unless it sustains above given level it can remian sideways to negative
Market now in strong level of support and this level hammer candle formed, next level of market going to bull, it's time to buy opportunity
1. Bullish Engulfing Bar formed at Support and Resistance Zone 2. S/R location is at round number 80.00 3. Fib Ret at 61.80 Level. 4. Trendline position is perfect.
1. Bearish Engulfing Pattern formed at S/R zone. 2. Another Confirmation is 50% Fib Retracement at S/R level that is strong zone than you think. 3. Oh...Come on EMA 150 act as Resistance. 4. Trendline got broken very well by Engulfing Candle. 5. First TP1 level price reached sell half of your stocks there. 6. Move your SL to BE for another TP2 level which you need...
Escorts Cmp 1981 dated 28-4-2023 1. Cup & Handle Pattern 2. Bullish Candle On Friday 3. RSI reversed Buy abv 1990 for target 2020-2040-2080-2120-2200 SL 1930 It is just a view, pls trade at your own risk.
Dear All, So yesterday Nifty reacted just opposite to its previous pattern, which means that in the presence of a shooting star formation it showed a beautiful uprise of approx 200 points. Which altogether lead Nifty to give a positive closing of above 18200. But as of now Nifty is on the edge of its Previous week’s high. So, still we have to wait...
BEPL | Decent channel breakout ahead for big targets CMP : 118 (Dip : 105) SL : 90 Target : 200 1:4+ risk reward setup
As we can see BANKNIFTY had been bullish to sideways throughout the day as discussed in the past analysis ! Now we can see the candle formed today is in more like inside candle type formation hence we might see a big trending day coming up if either of levels is broken hence if BANKNIFTY breaks 43600 mark and sustains above given level then we can see a new ATH in...