Dear All, So, Yesterday we had witnessed a beautiful Gap Up Opening in Nifty, just as we had stated in our last Morning Mantra update. Well for now, since Nifty is still trading above the neckline of the inverted head and shoulder, i.e., above the level of 17800 . So, we can now shift our stop loss level from 17300 to 17800 on weekly basis. ...
Jubilant Foodworks analysis 1. Bullish divergence on the daily chart. 2. The RSI (daily, 14) is clearly forming a bullish divergence as can be seen from the chart above, which indicates bullish. 3. in today’s session (20th March 2023), the relative strength of the stock is good. 4. Volume in today's session was more than average volume. 5. Bullish engulfing...
As we had been analysing since last few days that BANKNIFTY is reaching its initial supply zone from where we can expect a rejection and we did see a strong rejection being shown on the chart from the psychological level of 43500! Also based on global cues we can expect more of gap down opening tomorrow to which next eminent demand zone can be seen around 42600...
BUY orient cement nice breakout + bullish engulfing on support 1:2 minimum
L&T TAKEING NICE SUPPORT WITH HIGH VOLUME ON DOJI,can look for atleast 1:@
Pay attention to gold for some bearish moves once the pair break below 1974 support area we can see this pair target back into the next major support around 1979 area. watch good for price action and take advantage of the opportunity.
Dear All, A New Start of the Month with a New and Fresh Bullish Reversal Pattern on the Monthly Chart of Nifty, i.e., Morning Star Doji, is somehow indicating that Nifty can cross the previous all time high of 18887.60 in the upcoming days. On observing the day chart, Nifty has successfully crossed its neckline of 17800 level. While on the ...
Stock is at weekly support with a strong bullish PIN Bar. View Bullish Category CASH-FO Weekly Time Frame
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again...
As we can see BANKNIFTY broke all of its RESISTANCE and moving up unidirectionally since the retest of the trendline! watching the chart we can see BANKNIFTY has more room for upmove till 43600-43500 which is its next psychological level and order block from where we can expect BANKNIFTY to reject and show retracement hence every dip now is a buying opportunity...
JUSTDIAL | Channel breakout within channel - Trying to capture a 10-12% CMP : 620 SL : 590 Target : 700 1:2+ risk reward setup
Dear All, We had witnessed a very beautiful day yesterday. Wherein finally we had seen a breakout of the 17800 level on closing basis, as Nifty made a closing of 17915.05 Besides, on another positive note , Nifty is almost near to its Morning Star formation on its Monthly Chart. These are indeed very good sign for the Market in the long-run ....
MAITHAN ALLOYS BREAKOUT RETRACEMENT DOJI FORMATION TRADE VALID FOR ONE DAY IT IT CROSSES DOJI HIGH THEN BUY WITH 1:2 TARGET,as it has given breakout and formed doji on retracement
EXIDE INDUSTRIES breakout + support + doji formation buy above high of last candle186.55
As we can see BANKNIFTY had shown one sided upmove but we can see it getting closer to its eminent psychological level and an important resistance, if BANKNIFTY opens above the given level then we might see a sudden pullback in the first half itself and coming itself in zone but if somehow BANKNIFTY manages to sustain above the given level then we might see a big...
Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected...
As we can see BANKNIFTY opened exactly around the resistance and showed a good rejection with over 200++ points downfall but it eventually recovered in the second half and closed around its opening price which is a good resistance hence we have previously discussed about the given levels being an important resistance so we may expect BANKNIFTY to again reject at...
Monthly Expiry Special Daily Learning Day-52 Learn to Plan Monthly Expiry