Bank Nifty Downtrend Has StartedIf the bank nifty does not close above the support trendline, it will come into a downtrend. The market can recover up to 34460 - 34700 levels.
The downtrend range is 3880 points from the breakout point.
Don't sell above the retracement level of 0.236 . It's a stop for intraday sellers.
Freetips
BALKRISHNA INDUSTRIESBalkrishna industries 2101 level make or break level. if break this then buy above 2105 for intraday. for swing not now. when it wil give retracement the after retest we can buy for swing. don't worry time to time i will update you. just keep following.
IF this go down then u can short for intraday.
Does MCX Mentha Oil Begin to Move Upwards?Here's the daily chart of the MCX mentha oil. Right now, it's moving between the Dynamic resistance and support trendline. It's trying to cross the Moving average. If consecutive candles cross the moving average downside, it will hit the support trendline by crossing 956 - 946 .
But RSI crossing is indicating an uptrend. And ADX is greater than 25, Which shows an uptrend. +DI is under -DI, which means a downtrend. But the trend is positive. So, after crossing the moving average, maybe the trend will move downside for a short time. But it will start rising and hit the following targets 976 - 986 .
Will USD/JPY Hit 102.540?USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 .
After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
MCX SILVER- Forecasting The Future MoveHere's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600 .
But if it falls by crossing the support, then it will hit the 57900 . After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900 , then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000 .
NIFTY - Turning UpHere's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of 13550 . And moves the same, the target will be 13476 , and after that, if NIFTY breaks the support trendline, the target will be 13386.00 .
Will NIFTY breaks 2020's high 12430?Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high!
Therefore, the day traders can buy for the following levels:
12000 - 12260 - 12400+
Technically, its trend is weak. So, if it breaks the major support trendline, then you can sell.
Here my targets are:
11300 - 11060 - 10552 - 9972
Please recognize tail, excess, or fakeout before entering a downtrend.