BankNifty Analysis The main reason Nifty50 moved up instead of falling was BankNifty. The opening was strong and gain BN held its ground. Today’s low much higher than yesterday’s close. From that level we rallied 408pts ~ 0.92% to hit a high of 44756. Unlike N50, BN retested yesterday’s high and then reversed from there. My report yesterday was on the bearish...
Nifty Analysis We are beginning a new weekly, monthly and quarterly (Q3 2023-24) series today. Yesterday’s close = 19523. Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change...
DCM Limited is a 134-year-old diversified conglomerate with interests in Real Estate, engineering and Information technology. The company's stock price has shown strength in recent trading sessions, with both price and volume increasing. The price of the DCM Limited break the asending tringle pattern with thumping volume. This could be a sign of positive news to...
Key Levels: Support:227 Resistance: 280 Writeup: A long-term consolidation breakout in the context of trading and investing typically signifies a significant shift in market sentiment and potential trading opportunities. Here's why it's significant: 1. **Market Direction Change**: Long-term consolidation patterns often indicate that an asset has been trading...
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Hello everyone. As I analyzed yesterday, the price of gold today continued to decline, reaching a level of around $1901 in early Wednesday trading. This precious metal is still weighed down by the recovery of the US dollar and higher US bond yields. Gold is still receiving strong support due to ongoing market instability. According to Samson's personal...
📉 Alert! Bullish Pattern Spotted! 📊 Pattern: Pennant Pattern 📌 Symbol/Asset: RBLBANK 🔍 Description: Stock is making pennant pattern and now prices are crossing resistance. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research,...
BANKNIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 44560 Invalid-Above 44670 T- 44300 44000 Sell_2- Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a complete bearish note with 0.64% cut today. It was a bit confusing and wild till 10 o'clock range was safe. Buy triggered as per trade setup which hit 110 points sl. Later sell...
South Indian Bank has made significant strides in recent years to regain its lost position in the banking sector. The bank has improved its financial performance, strengthened its balance sheet, and expanded its reach. It is now well-positioned to achieve new milestones in the near future. One of the key technical indicators that suggests South Indian Bank is...
Hello dear traders! Let's explore the market with SamSon! The NZD/USD pair has been trading in negative territory for two consecutive days during the Asian trading session on Wednesday. The appreciation of this currency pair is supported by a stronger US dollar (USD) and risk aversion sentiment. Currently, this currency pair is trading near 0.5932, down 0.20% for...
Join Darius as we delve into the market today. During Thursday's Asian session, EUR/USD is trading above 1.0500, making a gradual comeback from its eight-month low of 1.0488. The pair is receiving some support due to a slight decline in the US Dollar and sluggish US Treasury yields, amidst an optimistic sentiment. The lowest point reached by EUR/USD was 1.0488,...
Hello Traders Since last July 2022 LT has give a good return on investment of 90%, to our trading community members book your profits and re-enter if you get it at lower levels. Booking 75% of my portfolio, will re-enter at 2300 levels Levels for enter and exit are marked on charts Stay safe.. Trade according to your risk profile. Let me know if you agree or...
"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging...
"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging...
"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging...
ogn has tapped the bullish order block,now looking for a bullish move
NIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 19660 Invalid-Above 19710 T- 19575 19500 Sell_2-Below 19490 Invalid-Above 19540 T- 19395 19300 NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow...
BTC bearish reasons : 1.btc have gap up 26300 2.btc forming bearish shark pattern 2. oversold RSI