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...
This is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term:
1. Trend line support is been taken since the beginning of the month at Golden...
As we can see despite the strong opening in NIFTY it succumbed to being sluggish to negative the whole day which means it couldn’t hold itself at given levels hence if NIFTY opens weak and could not sustain itself above 18600 levels then we can expect a downfall coming up yill 18400 levels but if it opens strong then we might expect NIFTY to reject around...
NOTE- Also check the comment section for Stock to Watch list.
Stock of the Week-
S-6
Stock- IRCTC
4 weeks consolidation , 2nd swing , Weekly TF Inside candle
As we can see BANKNIFTY can be seen in consolidation since last few weeks now and had been hitting resistance which is a psychological level of 44000-44150 levels making it weaker ! Hence we can see BANKNIFTY again making new all time high now hence any flat to strong opening can show blasting upmove in upcoming trading sessions so keep watching everyone and make...
Banknifty has been trading in a range and has closed near the resistance level. Market has formed a dragon fly doji and if the market crosses above the resistance levels nice upside movement can be seen in the coming week.
For last 2 weeks market has been consolidating in a 600 points range and taking support from the 20 ema on the daily charts.
In the coming...
You can buy these snacks for following reasons :
1) Weekly Timeframe and Daily Timeframe have both tested structure
2) 4HR has tested it's structure and printed bullish candle as confirmation
3) All Timeframe is aligned
Stock swing can be can taken for following reasons :
1) Stock has tested weekly structure
2) Stock has also tested daily structure
3) 4HR structure is also in bullish structure
Muthooth Finance Cmp 1028 dated 10-4-2023
1. Triangle BO @ 1025 (Already done)
2. Doji Candle (high @1030)
Buy above 1030 for target 1045-1055-1070-1105-1140 SL 1000
It is just a view, please trade at your own risk.
BASF Swing can be taken for following reasons :
1) Liquidity has swept off
2) Weekly and Daily Timeframe has tested demand
3) 4HR is has tested it's structure and has created bullish price action
Swing can be taken for following reasons :
1) Stock has tested bullish weekly structure
2) Stock has tested daily structure and has printed bullish price action
3) Stock is in a bullish on 4HR structure
Chart patterns looks interesting from both bull and bearish point of view
REASONS
BEARISH VIEW
1. 3 Black crows (perfect closing) with rise in volumes ( www.tradingview.com)
2. February monthly candle looks like BREAKDOWN candle with low tested the next month
3. Weekly H&S pattern in progress
4. Bullish flag Breakout candle (october 2022 candle)...
