Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level.also possible...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 21-5-24 Gap UP/Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For New position : for Upside : Buy Nifty above 22546 ...
This is the analysis of HGINFRA in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your...
BankNifty has been consolidating after the sharp correction, which is totally different from Nifty. Anyway, if the gap-up sustains, we can expect the next target to be the 50% Fibonacci level. An alternate scenario, similar to Nifty, suggests the possibility of a long correction if it breaks the 38% Fibonacci level. However, if it doesn’t break 38%, then the...
Good morning, friends! 🌺🍬 Here are the directions for May 21st: The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment also suggests a bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +60 points. Nifty has a minor consolidation structure after the sharp...
At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties. Analysts predict that gold prices may rise later...
Current Market Situation Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level. Scenario 1: Immediate Upward Movement In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance...
Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
The weekly close for BINANCE:BTCUSDT was very bullish, with March low and liquidation levels already taken. There is strong buying interest below 60k, so we are anticipating a dump to FVG before a pump to 68k. However, it is unlikely for Bitcoin to see a direct surge to a new ATH, instead, there could be a period of consolidation between 68k and 62k.
Buy Matic $0.696, t1 0.72, 0.76, 0.785, 0.82, Strict SL 0.656 Should be good buy here, after consolidating and Golden Cross in 2hours time frame.
💎 Paradisers, #GALAUSDT has broken out of the resistive trendline and formed a cup and handle pattern, which increases the likelihood of a reversal from here. 💎 If #GALA breaks above the resistance zone and closes a candle above it, this will validate the cup and handle pattern, and we can expect a bullish move. 💎 In the case of a pullback, we can expect a...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading. POSITIONAL CALL
This is the analysis of PURVA in Daily Time Frame. Watch carefully. The chart explains itself. The stock managed to break the 2 YEARS HIGH with volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks. There are some prediction levels. These Levels...
Sansera Engineering Ltd. reported impressive Q4 results, exceeding analyst expectations. Revenue and EBITA surpassed street estimates, prompting brokerage firms to maintain their buy recommendations. Building on a 36% return in the past year, Sansera's stellar performance positions it for a potential bullish breakout. Technically, the stock appears on the...
Wheels India has taken support on weekly time frame and has started reversing, one can expect movement till previous saying high 840 but immediate target can be 765 in two months. This movement holds good till daily close is above 540 This is based on price action and squeeze momentum. Please do your due analysis before taking a position. This is not a trade...
Rashtriya chemical & Fertilizer analysis 20 may 24 Breakout near and retest near 125 keep stoploss 120 deeo stoploss 105 Target 165 - 188 - 210 breakout target 225
This is the analysis of ENGINERSIN in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your...
Technical Outlook The index has found strong support from lower levels, and in the previous session, it closed with gains primarily driven by IT stocks. The current R1 is placed at 22600, while S1 is positioned at 22250. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.