US30 continued to trade in channel, breakout could lead to short covering.
ONGC Observations - we are looking at daily candlestick chart pattern - In Jan 2023 stock faced resistance around 151-152 odd levels - mid Feb we see a breakout - currently the stock is holding on above 151 odd levels set up opens up doors for upside up to 166-168 odd levels SL If stock is closing below 150 on daily charts I have gone with a trading...
Nifty If we look at the overall chart structure, prima facie it looks like Nifty has started a downtrend from Dec 2022. Currently, Nifty is trading below 21 day EMA, 63 day EMA and now also below 252 day EMA If Nifty weekly closing is below 17430, then it may signify that Bears are in control of the market as of now. Above 17430 Nifty too Nifty may face...
Consider Buy for a 100-150 point bounce back Keep a SL at 17280 (Spot) or 17380 in Futures
Nifty 17564 If you have been following me, Nifty has respected most of the levels identified with the help of Technical Analysis The yellow zone above 18000 has been drawn long back. You can check my previous post Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing...
The chart shows that the stock price is again at the support levels. If bounces back, may go to 835/870. The risk-reward ratio is fine here. all levels are mentioned on the chart itself. Only for learning and sharing purposes, not any kind of trading advice. All the best.
Nifty As suggested earlier Nifty closing on last Friday suggested battle of Bulls and Bears still in balance. The importance of 17965 was highlighted... Nifty opened gap up exactly at that levels but Bulls are looking nervy as it couldn't sustain above that. The 2 hourly candles gave a close of 17959 and 17964 - Now On Hourly charts Nifty has closed below the...
Nifty - When Nifty was at 18060-18065 odd levels short was recommended. Currently Nifty is down 170 odd points. For Positional play, today's close is very important - Watch out for 17860-17800 odd levels on the downside. If taken down, it could trigger more selling pressure. Bears might start tightening their grip - Between 17860-17965 odd levels and the...
Nifty In my last update, it was suggested that on the down side 17860 is important level to watch out for and that Nifty has a high probability of testing 18030 odd levels in a day or 2. Next day, On a 15 minute candlestick pattern, Nifty made a closing low of 17861 and bounced back immediately and then made a closing high (15 min candle) of 18023 odd...
The chart clearly shows that the stock is retesting the channel breakdown level of 2875. Keep watching for the next move. Only for learning and sharing purposes, not a bit of trading advice. All the best.
Nifty Chart set up Since Jan 27, Nifty has traded for 12 days inside the candle body of 27 Jan 2023. Chart view Whether the breakout is real? The real challenge would come above 18000. Whether it is able to sustain above that. On the downside watch out for 17860 odd levels. If that level is taken out, Nifty might fall towards 17600 / 17400 odd levels and...
The chart setup clearly shows that the stock is near the breakout level. If fails to do so, may come down around 2940/2840. keep an eye. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
The stock is trading at a resistance zone again. If the price is rejected from here, it may come down to 5880. The resistance and support are shown on the charts. Only for learning and sharing purposes, not a piece of trading advice. All the best.
The stock is trading in a channel for the last few days. Again touching the lower levels now. If bounce back, may go to 3020 levels. Keep tracking. Only for learning and sharing purposes, not a bit of trading advice. All the best.
MCX:GOLD1! Gold Ascending Triangle pattern Analysis marked on chart. Trade with stoploss to avoid stoploss. Keep learning, Happy earning.
The chart shows that the stock is trading at multiple supports. if reverses from here in coming trading sessions may go to the levels of 2890/3010. Sustaining below 2690 for a couple of days will show the weakness. keep an eye. Only for learning and sharing purposes, not a bit of trading advice. All the best.
Nifty Chart set up - In the last 2 days Nifty has closed in positive territory, however it has found it difficult to close above 50% of last red candlestick which comes at 17740 odd levels - a lot of resistance between 17740-18140 - on the lower side Nifty has a risk of falling towards 17331 / 17188 / 17096 odd levels Derivative Data - FIIs have gone in...
Support levels are clearly shown on the charts. If bounces from here, it can go to 1250 and even more. Only for learning and sharing purposes, not a piece of trading advice. Patience is the key. Most of the time, it comes after failures. All the best.