Futurestrading
Banknifty analysis till 6 th dec 2021Banknifty May trade inside this rectangle(35600 to 36300) for next few sessions. Avoid taking long positions and Go for Sell on rise or Buy PE on touching 36300 level. If breaks downside expect fall upto 34000 and if breaks upside resistance and trendline then expect New all time highs
ABFRL SWING LONG1. A major trend line breakout happend 6 weeks back, after that continuously in a strong uptrend.
2. On 2nd November it breaks its all time high of 281.35 and closed at 288.10 with a strong bullish candle of 6.23%.
3. Today stock pickups the momentum after the successful retest over the level of 281.25
Details :
Buy range : 296-306
Stoploss : 275
Target : 396 ( fibonacci 1.618 level ), 30% .
Short term targets are 331 ( 8.5% ) and 358 (17%).
For mid to long term a good entry will be after a pullback , when it took a support over 20 EMA.
Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:SBIN NSE:SBIN
#SBIN seems formed Ascending triangle and ready to BO.
Volumes not supporting for BO as per the chart,
But candles trading near to resistance level,
Post confirmation in any level (Resistance/Triangle) may decide the momentum of the stock.
Interested to trade in this stock ?
Reach me tomorrow for the levels....
NSE:BANKBARODA whooping 4%, check for DIWALI Surprise !!NSE:BANKBARODA
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#BANKBARODA whooping 4%
Bagged 22K alone.
All other scripts shared today are ready with results, check out.
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NSE:ASHOKLEY Consolidation BONSE:ASHOKLEY
#ASHOKLEY Consolidating @ Resistance and trying to BO the level, Post BO may result good positive momentum.
Post sustainability above the level may try 145 CE
If swing changes start falling down side may try 140 PE.
Check out todays charts and results to practice the levels.
Happy Trading !!
NSE:SBIN Levels respected very well !! checkoutNSE:SBIN
We can trade confidently only when we have fair idea of what we are dealing with, If we are able to identify the levels of Support and resistance, Half job is done, later part u can do by identifying the chart patterns and volumes !
Bullish Spike: People also call it as Bullet, If this candle pattern is formed, irrespective of any time frame, there will be high chances of Upside momentum !!
#SBIN Chart check out the levels, Patterns respected !!
Power of Price Action !!
Happy LEarning !!
Nifty 50 Short Term AnalysisThe index has broken the trendline support in daily candlestick chart, therefore it looks bearish for the short term. It may take support in the lower trendline and may bounce back. Nifty has strong support at around 17500. If Nifty Breaks the above said supports, It could lead to further Bearishness and correction.