All the details on the chart itself Whirlpool of India showing signs of uptrend. 1. near hard support line 2. breakout after double doji 3. target 1 marked 4. target 2 marked 5. stop loss marked possible 9% and then 15 % target Uptrend started
Chart pattern looks prudent and paving way for the above titled short view REASONS 1. Apollotyre has been trading inside the Expanding Triangle ( shown below - Monthly wholesome view ) 2. Now, it seems it has finished the upswing move and ready for downswing inside the channel . 3. Weekly time frame shows the Ascending channel in which it is...
As we can see NIFTY again showed weakness in the first half until it reached our level of 18170-18200 levels which has been discussed multiple times before in our post and it showed great REVERSAL from that very level of over 120++ points in the last couple of hours hence we can still see NIFTY being in range between 18200-18450 levels and expected to remain in...
Taken into consideration 946.25 as resistance and top zone taken into consideration 739.25 as support or bottom zone from low on 17th June 2022 to high on 9th December 2022 is 100% approx. Green arrow indication on chart. and from high on 9th December 2022 to low on 27th Jan 2023 is 100% approx. Red arrow indication on chart. //basis of above facts downfall...
As we can see NIFTY again showed sideways to negative market throughout the day despite its strong opening! Our views still remains intact and we might see NIFTY remaining sideways to negative in coming trading sessions and only level we must watch is 18170-18200 which is its eminent demand zone from where we might expect a closed pullback hence keep watching everyone
Dear All, So, we had seen another day of observing a Doji formation on the Day chart of Nifty. Yes, somehow the Market is in sideways currently, creating confusion between the levels of 18400 and 18200. However, we are still with our words that with the stop loss of 17800, we will go for Portfolio Rebalancing and Cherry picking strategy, which is...
nifty formed a doji and looks like it might form evening star pattern. if it forms a red candle below the today's low most probability of trend reversal. Nifty support trendline has broken and now it will act as resistance. Buy above 18363(18300 CE) Target 18394,18418,18461 Sell below 18292(18350 PE) Target18257, 18214,18181,18108, 18054
I expect a Gap Down or Flat opening in NSE:BANKNIFTY Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets Target 1 - 43755 Target 2 - 43600 My levels and views change depend ing on market opening...!!! Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
I expect a Gap Down or Flat opening in NSE:NIFTY Nifty might retrace till the Zone Marked and Bearish momentum continues till the targets Target 1 - 18300 Target 2 - 18250 My levels and views change depend ing on market opening...!!! Trade or invest according to your analysis. This is just my view . <----- 3MRT Trading ----->
Daily Learning Day-59 BankNifty Chart Analysis. Trendline break possibility
As we can see NIFTY despite its strong opening got rejected around 18400-18450 levels as analysed in our previous post now we can still see NIFTY to remain sideways to negative in coming trading sessions despite the strong opening hence only if NIFTY sustains itself above 18400-18450 levels we can see NIFTY remaining negative to sideways so take trade accordingly
The Bearish Engulfing pattern has emerged on the trading chart of NSE:GNFC GNFC, signaling a potential trend reversal in this scrip. Trading View users and investors tracking GNFC will find this pattern of particular interest, as it suggests a shift in market sentiment from bullish to bearish. The Bearish Engulfing pattern is a widely recognized technical...
As we can see NIFTY rallied over 150++ points as analysed as we expected a good upmove if opened strong but now it can be seen back in range from 18200 to 18450 levels hence we might see NIFTY getting rejected again around 18400-18450 levels and stay in a range before showing a unidirectional move so keep watching everyone
Balkrishna Industries is a good company to invest in. It has a strong track record and is well-positioned for growth. Today's breakout is a positive sign
Siemens on weekly timeframe is forming a rising wedge formation. It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove. Although, this post doesn't deal in great detail with EW wave...
As we can NIFTY did broke down our given levels and did reach around 18000 mark before reversing! now we can see NIFTY heading towards our level again hence the previously acted as SUPPORT might act as a resistance now hence any weak opening and headed towards 18200 levels would be a good short but if it opens strong then we might see NIFTY taking support at our...
Daily Learning Day-58 BankNifty Weekly Chart Analysis.
If stock opens with gap up or gap down and than makes 5 candles within the range of first candle's high and first candle's low level and if gives break out within 2 hours below first candles low it's a sell signal or if it gives breakout above first candle's high it's a buy signal