BANK NFTY 15 MIN GANN LEVELS CHART FOR 28 FEB 2024Index continues the lower higher lower low pattern on the downside after making the swing high of 47359.05. Recent support yesterday was seen at cluster levels of 46337.10 and 46448.85. Staying above this is imperial for the index with resistance at 46677.75. With expiry nearby be nimble footed with your trades and book small profits and small stop losses. Intraday level to watch is 46564.
Happy Trading !!!
Gann
ADITYA BIRLA CAPITAL taking retrace after breakout yearly levelIf we can see longer time frame we can see a cup and holder pattern created . When ever create this pattern a very sharps and good move we can see.
What pattern Support behind this Stock:
Inverted Head and Shoulder.
Cup and holder pattern .
This stock breakout and now retracing the resistance level of 159.85-160 and makes it a support.
Entry Point: after break the trendline with good volume and buying prefer above 180 level.
Keep on your eyes on this stock.
HDFC Bank - update
HDFC Bank is trading at the strong support of 1420 and weak support of 1422. Please read the notes as mentioned on the chart.
Now, you must be wondering as to why such small movements are there in the market. Let me tell you the truth. All the movements in stock market are time managed and these movements are managed years before. At present there is a special date coming on 29th of February 2024. This a leap year and this date will come only after 4 years. So, it is crucial. Till then there is such a small movement. As stated earlier, on that date the stocks/commodities which were bearish for the last year, will make a low and the others which were booming will make high and a major reshuffle in the market.
So, please remain away from the market unless you can manage small movements or play options. On 29th low and highs and after 3 days of that means form 4th of March movement major movement will come. So, please save your money for all the good times to come.
Please stay connected.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision,
Let you grow. May! I follow you.
NIFTY FIN SERV WEEKLY EXPIRY 27 FEB 2024The FINNIFTY faced the hurdle at 20938 level and is retracing below it currently. Good call writing at 21000CE/20900CE level must be done by writers. Thereafter we have hit 20500 level so we saw decay in calls from 21000ce to 20500ce levels. Currently we have closed at 20619.70 level on Monday. The level to watch intraday is 20593.70 as seen on chart on the downside and 20706.45 on the upside. Between this range we may see sideways action.
Happy Trading !!!
S&P 500 HOURLY GANN LEVELS CHART 26 FEB 2024S&P 500 run to upside continues with the High of 5111.06 on Friday 23 feb 2024 at 19:30 IST. Hourly buy triggered above 4744.35 with a decent rise thereafter. Oure level to watch is 5119.79 on the upside. Above it nearby targets of 5307.51 on the upside. The level on downside to watch is 5052.21. Time to watch is 28 Feb 2024 00:30 IST.
Happy Trading !!!
Bank Nifty - How to trade on Monday
Please read the notes on the chart and time candles for Monday are 2-26-24 9:51 AM
2-26-24 2:17 PM. Please trade between this time only. If 9:15 candle is broken, wait for 2:17 p.m. candle else, go in the opposite direction.
Disclaimer
I am not a SEBI Registered Analyst and it is only for educational purposes only. Please consult your financial advisor for making any decision. I will not be responsible for any of your profits or losses.
Natural Gas - How support moves up?
In continuation of today's post on HDFC Bank, I have tried to show here that support is moving up but, still it is below resistance, then when will it happen? that remains unanswered. Wait for another post.
Please stay connected.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
HDFC Bank - How market works
Hello Friends,
We all know that resistance drags price down and support takes price up. But, when and how it happens, probably we don't know? Plotted is the unique indicator Rekhi 144 which shows everything.
I have taken HDFC Bank as an example and tried to answer first question as to how it happens? Hope every one of us will understand? But, for second question, how and when will it happen, I will post today itself more charts for you to understand the concept.
Please stay connected.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
Kotak Bank = Please ignore time on chart
Provided are price and time levels on the chart. Please trade accordingly.
Right time.
2-23-24 10:52 AM
2-23-24 3:18 PM
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
Nifty Lifetime High, 36 years of bull rally coming to a halt ?In this video we discuss the possibilities of nifty on the yearly, monthly and daily scale. Utilizing time cycles and Elliot wave. We also utilize basic Price action and Market structure to determine the same.
The Video explanation was cut short due to how extensive the entire concept can get.
SENSEX DAILY GANN LEVEL CHART 22 FEB 2024Sensex has important level of 72000. On chart we see a range of 69000 to 73000 of 4000 points. Important level of the range is 71000. Today's range of 72450 and 73300. 72500 level was important where pe writing was seen and short covering was seen in remaining part of the day. Important level seen on chart is 72864.50 which may be used for bias for expiry tomorrow.
Happy Trading !!!