Nifty has taken a nice support from the 20 ema on the monthly time frame forming a doji candle. Finally, closing has been above 17k levels and on the weekly charts, there is a morning star pattern formation. Even on the daily time frame, the market has closed between both the moving averages. The market has given a nice bullish move after a gap up. Global market...
positive trade, RSI in the lowest, signaling the end of a downtrend, which means an upward moment can be seen in the immediate term in next one to two days, target price is at 1189, if I enter right now on delivery, 174 is a good exit point, profit is obviously directly proportional to capital so this idea is for those trading with at least 100000/- INR who can...
Nifty Confirm Targets For 3 April 2023 Last Trading Day boundary value analysis , High – 17381 , Low – 17204 Active Call and Put Strike Prices – 17400 PE and 17300 CE nifty Live targets for Active Call and Put – 17400 PUT LTP – 111 Targets – ...
Banknifty Confirm Targets By Price Action Startegy Support Zones Frist Support Level For For Long Banknifty - 40350 - 40390 Second Support Level For Long Banknifty - 39700 - 39745 Third Support Level For Long Banknifty - 39272 - 39310 Resistance Zones...
Federal Bank - NSE Morning Star Pattern Federal bank has created a morning star pattern on its support level 124 to 125. Might face some resistance around 133. Next target seems to be around 136 / 139 / 142 levels. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited...
NSE:BRITANNIA is looking weak on weekly chart as its making bearish engulfing candle. Also closing below last week's low and showing weekly fractal support breakdown. Looking for 4041 and 3949 on downside. SL is relatively small of 4255. Better to short this in cash and not play in options cos one spike can take away your SL in option trade. Let's see how...
NSE:TRENT is looking weak on weekly chart as it has made a bearish engulfing candle. Also closing below 20 EMA on weekly. Looking for 1279 ( 50 EMA weekly support ). If a close comes below this, we can 1256 & 1231 on downside. SL is relatively small of 1345 which is Friday's high. Better to short this in cash and not play in options cos one spike can take away...
NSE:SHREECEM looking ripe for a good R:R trade on upside with last week's candle closing as Bullish Harami candlestick. I would wait for 25550 to be taken out as that is a small resistance and then enter the trade with SL of Friday's candle. One can looking for upside target of 26340 Let's see how the story develops. Best wishes! Disclaimer - - The opinions...
Naukri Cmp 3565 dated 27-3-2023 1. Bullish Candle made @ résistance & BO done 1. Trendline BO done @ 3550 2. RSI also done BO Buy above 3576 for target 3600-3640-3750-3785- 3850 SL 3450 It is just a view, please trade at your own risk.
#AparInd CMP 2475 is showing a good BO after 4 weeks and forming a flag with good volume. Can be added for 2600/2800/3000 Stock P/E 19.8 ROCE 26.9 % ROE 16.1 % Profit Prev 12M ₹ 363 Cr. CWIP PY ₹ 28.7 Cr.
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
A morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick. The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new...
as we analysed in previous post that we are expecting a short term bullishness and we did see a 300-400 points unidirectional upmove in last trading sessions but we also discussed that BANKNIFTY is still in DOWNTREND despite its temporary recovery hence if BANKNIFTY opens strong to flat we might see it getting rejected at 40200 levels which is also a psychological...
Dear All, After a day’s break, here we are with our Morning Mantra on Nifty for Today! So finally on Wednesday , we had witnessed a beautiful recovery in Nifty , which was expected. Moreover, we also got a closing of 17080.70 , but still we need a positive and a stable closing of above 17180 . As this is the last trading day of this week, so we...
Canara Bank Cmp 284 dated 21-3-2023 1. Yesterday made Hammer Candle. 2. Today closed above Hammer Candle. 3. RSI Divergence Buy @ Cmp for target 290-300-308-310 SL 275 It is just a view, please trade at your own risk.
KRBL | Looks good for one more attempt - Good risk reward with doubling opportunity CMP : 350 SL : 290 Target : 650 1:4+ risk reward setup
As predicted the markets has given a nice up move especially Banknifty. The index has given a nice move touching 40k levels. The market tried to cross the 20 and 200 ema and faced resistance from the levels. Market has given a nice bullish candle on the daily time frame. On the hourly charts, the market has closed between both the moving averages. There was a...
Nifty has been trading in a range for last 4 trading days, finally giving a close above the 17k levels but still trading near the resistance zone. The market on the hourly charts, is showing a higher high higher low formation and the halt candle are showing some trend reversal signals. The market on the expiry day has given a nice upside movement. There are...