BankNifty also has the same sentiment. The market may start with a gap-up. After that, if it breaks or consolidates around the immediate resistance zone, then it may continue the rally and could reach a minimum of the minor swing high to 48424. Alternatively, if the market rejects sharply around the immediate resistance zone, initially we can expect a 23 to 38%...
Good morning, friends! 🌺🍬 Here are the directions for May 16th: The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +120 points. Nifty minorly retraced after the gap-up start in the...
Edelweiss Financial Services Ltd: Inverted H&S Pattern Breakout soon stock 30% upside potential. Levels mentioned on chart. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
BankNifty Analysis — Stance Neutral ➡️ BN ended the day with cuts of -172pts ~ -0.36%. We went neutral after the price action on 13th May. After that, we had one up day (14th) and a down day (15th) — the result, we are back in the neutral territory. BN did not even go to the 48115 levels which came as a surprise. Ideally, on 16th there may be an attempt to...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "I am hard-guessing it should be a short covering. The moment we get past 22295, we will be forced to go long." The open was good and we started climbing quickly but at 22295 levels we got our first rejection. Four strong red candles between 09.51 and 10.27 brought N50 down by almost 143 points. If 22295 was...
📈 Bank Nifty Intraday Spot Chart Technical Analysis: 16 May, 2024 📊 Range Trigger Point: 47687 📉 Day Range: 423 Points 💰 Buy Above: 47796 💼 Average At: 47746 🎯 Buy Target 1: 47949 🎯 Buy Target 2: 48110 🛑 Buyer Stoploss: 47655 💰 Sell Below: 47696 💼 Sell Target 1: 47426 💼 Sell Target 2: 47265 🛑 Seller Stoploss: 47837 Don't forget to reciprocate your love by...
BankNifty shows a downtrend in last few sessions and take a pullback, Bank Nifty formed symmetrical triangle pattern in last session, if tommorow Bank Nifty breaks symmetrical triangle pattern downside then we can expect a big move in downside or if it breaks upside the we can expect more pullback for 1 or 2 sessions, here are some levels for your...
A breakout in Inverted H&S and a Flag Pattern being created. Breakout of inveted H&S leads to 75K above tht it breaksout from the flag pattern as well. making a target of 102K.
Nifty is in uptrend channel from last few sessions, now Nifty is taking support of the channel and forming symmetrical triangle pattern too, Nifty was moving in range of 22233-22164 in last session, if tommorow Nifty breaks this range either upside or downside, then we can expect big move. Here are some levels for your information. I am not SEBI registered...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 16-5-24 Nifty has broken a Trend Channel’s Lower Support Line with BIG Price Breakdown and closes below it for the first time after Jan.24. Now this Support Trend Line will become A Very Tough Resistance for any Relief Rally. A Short covering upto 22150-22280...
Huge volumes for 4 days combined with last pivot taken out with huge volumes today...should see more upside
GEOJITFSL has given breakout of 6yrs long resistance level at 100. This has good upside potential with possible targets at 135, 147, 150+ If this closes above 102 on weekly basis, it can be bought for long term period. Risk in the trade is 15% as closing below 90 will invalidate the pattern. Thanks Piyush Gupta Learn & Earn
In my opinion, I am looking to buy , which is a strong DEMAND ZONE XAUUSD and break the previous structure. It is not advisable to enter without confirmation from a lower TF.
Nifty is making a Triangle Pattern at 15min chart. As per Price Action there is Probability of touching 22300 on 16may. As per OI data 22200 is a good Support level and 22500 is a Resistance. Inflation news may push it towards 22500. For learning and education purpose only.
Hey Family, there is a one more stock Which is showing a great opportunity and forming Symmetrical triangle Pattern in daily TF it's trying to breakout resistance zone, If Stock break's resistance zone then we can see a good move, let's see breakout sustain or not. Don't know how we miss this amazing stock share and forget to share this with you all family. What...
Today we have a red indecisive candle with a high high and a high low. The price is rejected from the resistance level of 22300. Currently we are in a negative trend. I just need another red candle with a breakdown of the previous candle low to enter a swing trade. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ELGI EQUIPMENT NEAR BREAK OUT above 672 bullish need to sustain and close in a daily chart. 1st target - 714 2nd target - 795 SL - 602
If daily close above 4084 long position execute. Sl 3607 1st Target - 4500