Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day. Special markings in Red, blue and Green are very important areas and opening of the trade in...
Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how...
Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed. If you have been following the levels from the previous charts by now you would have seen the importance of how...
Previous analysis it was said that Dow had given up 20DMA support and trading below triangle pattern. It was guessed Dow will start its downward journey. But it didn't happen and today Dow recovered all its losses and is again trading at 33400l level. But if we see carefully Dow is making lower high. Yellow trend line is running down from 34287, 34792 and today...
As per previous analysis Nifty had retraced to 0.618 kevel placed at 18050. It was also placed at 20 DMA making that area a concrete support zone. Nifty had reverted 140 points from low 18056 CMP 18190. This type of reversal is well taken as end of correction. Technically nifty had made H & S pattern target of 18450 appx, them corrected to 18050 -400 points and...
Nifty had completed its inverted head and shoulder target which was appx 800 points from neck line. Today Nifty is has almost given up all yesterdays gain. MACD is about to give sell signal. Fibonacci level 0.750 is broken and 0.618 level is placed at 18050. Inability to move above 18500 Nifty can show 18050 on screen may be by week end.
Today Dow had finally given up 20 day EMA support . Not only it had given up 20DEMA but also completed inverted triangle pattern and now is trading below it. MACD also came below zero line which is comfortable signal for short sellers. If Dow remains below this support and triangle pattern then Dow is looking at 32K. Industrial production YOY for April was...
Bank nifty made double top and retracing. 0.618 level is placed at 43800.
If we see Dow Jones movement carefully then we come to know 1. Dow had retraced from lower high trend line on 10th May. Unfortunately 50 dema is also placed near lower high trend line at 13772. This area of lower high trend line and 50dema will make traders to sweat cross above. On down side 33150 is 20 day Ema support where last man is still standing from last...
Having said , Dow forming shooting star candlestick pattern following confirmation candle and bearish engulfing candle, Dow is taking support at 20 day moving average. It is just as last man standing. Below 20 day moving average next level is 32k, seen from chart, which is self explanatory.
Bank Nifty Support at 42,100 Resistance at 42,457
The nifty index is 2H chart breackout and than pullback, if this pull back stop in the support line this is the good time to buy the good opportunity of Small-cap FMCG stock. Any-one is your redor please comment
Banknifty as per my setup looks good in buying i always calculated risk then enter always after consulting with your financial advisor
Nifty been trending lower for few months now. And a w-pattern reversal from bottom showed some strength as well. With lower interest rates forecast and a 20 month low VIX shows that stability and money might return with a bang in market again. Though market is at crucial point where it can again take a little downside but with global factors aligning itself as...
NSE:CNXINFRA Infra index using 200 SMA as a support and taking off from a solid trend line. RSI is rising as well. Stocks like ACE & LT are gearing up for take-off
Banknifty have given nice recvery from lower levels on last trading day i.e wednesday monday after a gap down or a pullback then a good movement can be seen in banknifty concerened with your advisor before entering in any trade
BNF forming a cup and handle pattern on chart. Good bullish sign. But there are also major resistance nearby. So need to see those as well. If holds for some time near resistance than can give good bullish move. Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational...