Taking support and creating the formation after continues fall. The pattern seems bullish and accumulation happening on the level from many days. 1Day chart pattern formation.
BankNifty Analysis - Stance Neutral ➡️ Once again BN proved to be resilient to the bearish attack. We briefly broke the bearish channel top line, hit a new intraday low of 45828, and then reversed from there. The reversal was a whopping 828pts ~ 1.81% on what we could call a bear market killer. Whatever green candles we had in that recovery were strong and had...
if crosses b point trade upto d point. This is abcd harmonic pattern.
sell crude oil at 6793 with sl of 6940 for 6413, technically looks weak
Timeframe: 1Hour Strategy: Long Technically Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move. As per the news Natural gas prices surged as colder US weather forecasts increased heating demand. Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output...
After a recovery in market banknifty has given a wonderful rally from 45800 to 46800 approx. This stands market in a bull run on expiry day. So tomorrow also expected that mkt will hit 46800/47000 if mkt opens in gap up. Similarily downside levels is 46200 &45800
XAUUSD Strategy: Hello dear friends! As of now, gold continues to follow a downtrend, limited below the trendline on the chart, with a current price of $2155 USD. We may consider continuing to sell gold in the $2055 - $2058 USD range, placing a short-term profit for today at $2145 USD.
The price of gold today (20/3) slightly declined compared to the previous session following new economic data from the United States last night. Meanwhile, the US dollar continues to strengthen in the international payment basket. At the same time, the Federal Reserve of the United States (Fed) convened its first meeting in March, which will last for two days....
Nifty Weekly Analysis For 18-03-24 to 22-03-24 Weekly Sentiment is Bearish. 22200 is Major Resistance For Nifty. 21850-22200 is the Range for Nifty Next week. If Nifty Sustains above 22200, upside possible and Targets are 22300/22400. Note that Upside move is against the sentiment, so approach should be defensive. Below 21850, ABCD Activates and Downside Targets...
Hello dear friends! What do you think about the current trend of EURUSD? Today, EURUSD continues to decline, seemingly trying to gather strength to bounce back as the US dollar strengthens for the third consecutive day. Currently trading near the 1.0849 level, a quick look at the technical analysis chart shows that the downward momentum is still leading. As a...
"Banknifty consolidated in the last session. Structurally, if the market opens with a gap-up, then the consolidation will continue further. We could wait for the rally only if it breaks the Fibonacci level 38%. Alternatively, if the gap-up doesn't sustain and breaks yesterday's low, then we can expect minor correction initially. Correction continuation will...
"Good morning, friends! Here are the directions for March 20th: there is no significant difference in the last session. The Dow Jones has maintained a neutral sentiment, while our local market sentiment is also neutral. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty is maintaining a moderately bearish...
Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel. The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers. So what about you? Do you...
Bpcl formed a bearish bat pattern at monthly and weekly chart. almost of all oil refinery companies are treading at high price. oil price may decline due to election purpose for the coming days so, it will affect the stock price.
it bees formed a deep grab pattern at weekly chart. so, the I.T stock may fall if market falls continue.
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time.“ 4mts chart I can say With 70% confidence that Nifty50’s Lower Low, Lower High (LL, LH) wave formation has taken precedence over the W (double...
BANKNIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47255 Bearish-Below 46250 Invalid-Above 46360 T- 45660 45140 BANKNIFTY has closed on a bearish with 0.41% cut today. Index has closed below 50 EMA after after 18 days. Now below today's low 46250 there can be a strong downmove however key level is 46000. Tomorrow's best...
NIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 22000 Invalid-Below 21950 T- 22200 Bearish-Below 21780 Invalid-Above 21830 T- 21580 21350 NIFTY finally gave breakout of the channel pattern daily TF and closed today with 1% cut today. Our short trade is now active below 21900, this level was discussed multiple times in the recent days back. Now index is...