Nifty should seek support around 17500 to 17550 levels. A fall below 17500 can initiate selling pressure in nifty. Sectors to watch- PHARMA & AUTO...
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥 Self-explained chart : Just educational purpose ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you...
Price finally reached the previous resistance and started showing some resistance from the bears, tomorrow's expiry will have surprises
Bank Nifty was at channel top and it had to fall and it's fallen. does it take a monthly support at 28000 level? lets wait and see where market has to headus in coming days ( before Apr 31st 2021 ). my view on Monthly is bearish. but weekly we can see some consolidation.
Bearish view of bearish News - Lockdown everywhere in India Technical - 1) If market gonna crush with good volume and strong bearish candle then market will crush. 2) To where the crush will continue ~~ If market breaks 33389 with strong red candle then ~~ It will go to 32842 to 32607. ~~ Even if it breaks then 31489, 30945
Bank nifty has scope to come till the immediate TL support near 33700 levels. Which turns out to be the 50% level of Fibonacci.
for intra players it can give u good opportunity. banks re felled a lot so expecting recovery
as you see last 2 times eth fall by 20+ % after rising wedge breakout probably chances of the same pattern is high. you can conform it after a breakout ps: I'm not a financial adviser trade at your own risk.
All the things I want to say is mentioned in the chart, please read it carefully. Besides that, Reason to this fall : 1.MARKET HAVE A STRONG SUPPORT IN THE MID RANGE OF 26500-26600. So we can expect fall up to that. And as per logical TARGET FOR A #RISINGWEDGE PATTERN is 2L , which is exactly DOUBLE of length L mentioned on chart. 2. RSI is showing ...
Nifty is trading in ending diagonal pattern if nifty fall below the level of D of ending diagonal then we can expect a large down fall We can put stop loss above the level of E of ending diagonal
coal broke the small patern with red and above that there is trend line which is resistance of that and even stop loss also .
Just LIKE and Follow . Below chart i have studied about ITC.
Head & shoulder pattern is in formation in 240 mins. A short can be initiated with a stop loss of 9940 for target of 9480 & 9180 . As price level of 10000 is rejected two times in two days. Bulls are not able to extend the pull back from 200 ema in 240 . So breakout seems quite possible . To see bullish momentum 10000 level should be crossed with heavy volume...
Another fall in on way. Nifty at crucial support. Let see...
WEAKNESS SEEN IN BATA INDIA. WE CAN SEE THAT BATA INDIA STOCK HAS FORMED A EVENING STAR CANDLE ON DAILY TIME-FRAME. CAN ENTER SHORT ENTRY AFTER PRICE FALL TO 1438 LEVELS.
As on 24/09/18, Tata Motors is in downtrend. Sell Tata Motors for target 231.
Sell only after a bearish Candle stick forms.