Chartanalysis
bank nifty analysis for 30/05/2022As a pervious video shared showed there might be a down side because of the rising wedge pattern (only if there is not a gap up day) and unfortunately there was a huge gap up day of almost 150 points and we didn't took a trade on that as said before the conditions . today's video is all about the next move
TATA MOTORS SCENARIOS FOR UPCOMING SESSIONS WITH RISK-REWARDHi Friends and Fellow Trades,
TATA MOTORS NSE:TATAMOTORS TRADING SCENARIOS DETAILED EXPLAINATION WITH RISK-REWARD
Please watch through till the end.DO NOT skip any part of the video or fast forward as you may miss important discussion point on the levels and entry-exit triggers.
This is my view and is should not to be construed as BUY or SELL recommendation. Please use your discretion before taking any position in the stock markets
REMEMBER - Random ACTIONS always RESULT in Random OUTCOMES
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NIFTY VIEW@1/NOV/2019Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926.
Now on the daily chart it has formed long upper shadow with little body.
@What next?
By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly resistance.
so for tomorrow I am looking to short below 11856 and long above above 11877 for the todays high as first target.
Level- Short below- 11856 SL- 11877, TG 11800
Long Above- 11877 SL- 11856, TG 11926
Disclaimer- This is for education purpose.