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 can see NIFTY despite the strong upmove in the first half finally took a toll in last hours but it did close above 18600 mark which is also both a psychological level and important support as it has acted as an important resistance in previous trading session hence we might expect a strong opening today and carry its bull run so keep watching everyone
It was a low risk entry with a profit of RR 1:15. This was a #SMC/#OD based entry. Entry was taken after multiple confirmations.
A great bearish move in banknifty, it has broken the recent support of 44000-50 and closed below it. The market has given a bearish engulfing candle engulfing 3 previous day's candle. Banknifty was trading around ATH in the morning session and in the second half has given a nice move of more than 350 points. Being a expiry, there was a good opporunity in the...
Nifty has given a beautiful bearish engulfing candle. The market gave momentum both the side. In the first half it tried to get close to 18800 but couldn't sustain and gave a 150 points move from the high. Market has closed below the 20 ema on the hourly charts, and there is possibility of testing the 200 ema i.e. 18340(at present) in coming sessions. The...
Dear All, After lots of Doji formation, we have now finally observed a bullish candle on the chart of Nifty. So, as of now it seems that we are very near to witnessing a new high. Yes, it’s a crucial stage for every Trader & Investor. So, apart from being happy we also have to be a little cautious here. As at a New High, it somehow becomes the matter...
As we can see and had been analysing since past few weeks that unless NIFTY closes above or below either of the levels it can remain sideways but NIFTY showed a strong closing above our given range and hence we can expect NIFTY to move further up till 18900++ in coming trading sessions so keep watching everyone
Add this stock now & sell at 100 & buy more on dips no SL
Banknifty has given a dragon fly doji candle and closed above the resistance zone of 44250. After gap up opening, market gave a fall and recovered in the second half of the market. On the hourly time frame, the market took support around 20 ema and consolidated in the mid trading hours. There was a "W" pattern, on 15 minutes charts. Support :- 44250,...
Nifty today has given a nice move and closed above the resistance zone of 18680. It remained strong whole day and gained momentum in the second half after the gap up opening. On the hourly charts, market seems to consolidate in the first half and gained points in the second half closing above 18700. Market seems to touch the high and create new ATH. Support :-...
Dear All, The back to back Doji formations at this upper level is clearly showing a fight between the bull and the bear. Even yesterday we had observed a Doji formation on the Day chart of Nifty. So, currently we have to wait for an either side of breakout above 18600 or breakdown below 18400 . In the meanwhile, continue rebalancing your portfolio ...
As we analysed in our previous post that more of downfall was coming! We did see some great downfall in the first half and filled the pending gap before finally recovering in second half! We can now expect nifty to remain sideways unless NIFTY finally breaks out of the range and moves either side hence unless it breaks either side we can expect NIFTY to remain...
Banknifty remained above 44k whole day and during the last hour gained some points giving close above 44150. Market consolidated for 4 hours and gave a nice break out. DJI seems to be flat till now and there can a chance of a bullish break out as the market has closed. Watch the global markets in market to get a clear view and trend of the market. On the...
A perfect dragon fly doji has been formed on the daily charts. Markets recovered in the last hour of the session. On the hourly charts, the market has closed above the 20 ema. Nifty fell slowlu and recovered quickly during the last hour and closed flat. The market has closed above both the moving averages on 15 minutes charts. Support :- 18560, 18490 Resistance...
As we can see despite the strong opening NIFTY failed to sustain itself and fell. We can see a gap pending which can be filled till 18500 levels which is also a psychological level and could act as an important SUPPORT hence any signs of REJECTION around those area would be a good buy with better R:R else its on bearish side as of now
MOL | Big trade just using momentum to average CMP : 87 SL : 80 Target : 105, 130
As Per the Raising Wedge Pattern if it Breaks Mother Candle Low then Pattern Will be Activated & Breaching the 43390 Level will Confirm the Downside Move, Else if Trades Above Todays High & Closes Above 44391,44500 Level then We Can See 1000 Points Rally. But Pattern is Suggesting the Reversal on Card...And Todays PA & Formation of Candle Giving Support to View..
Buy BATA INDIA 1430, for 1480/1500/1530. Bata india formed dragonfly doji on weekly charts and bounced from there. MACD showing fantastic bullish divergence which is apparently for stock to go for bounce back trade. Invalid below 1380 on closing basis