Index
Retest and approaching resistencekeep this on the watchlist .. with a spike in volume this can go further for BO.
chart analysis should be simple and clear, never force yourself to find patterns and opportunities.
Learn to Earn...
Disclaimer: for education purposes only.
Nifty 50 level for studyfor major correction to happen weekly channel need to be broken otherwise its a non stop 18000.
Analysis of Nifty MetalDt. - 03-03-2021
As you can see from the forecasts, in the forecast the index took more than 2 years to reach the target from the bottom and in the second forecast that is after the market crash becoz of COVID-19, the index took less than a year to reach the same target from the same bottom. Share ur views on this.
USDCAD : Looking for great buying opportunity!USDCAD is looking an amazing setup, has the high probability to move to the upside.
Nifty Bank index in a Ascending channel As shown in daily chart of bank nifty index, there is ascending channel & price took resistance at R line ... moves downwards. Next support is support line only. no prior low support is there.
Bank Nifty is struggling at 6 years resistance lineOn monthly chart, bank nifty index is on the 6 year long resistance line. I am not predicting that it will go down or up. But as a trader or investor ,one should think upon this reality. Often we study charts on hourly or daily timeframes and miss big patterns on monthly charts. Please share me your views on this resistance line and expected future movement of the index.
NIFTY | Descending ChannelNifty is following a descending channel and taking resistance from 200 days EMA & support from 15102 level.
SBINSBIN:- ROUNDING BOTTOM breakout at 408.35 go long for 430 with Stop loss 399 hourly based.
#Disclaimer:-I just shared view for only educational purpose.
NIFTY : Can it get more perfect than this ?This is follow-up on NIFTY. Can check link to related ideas.
Next target can be 15,300 and 20,000...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
Nifty Options Expiry Trade_210121Price action suggested a weakness in the index, hence continued to add more option selling at 14800 CE and bringing the hedge down from 14900 CE to 14850CE, thus reducing the risk in the trade and improving the risk-reward.
Gap up opening was a bit of a scare initially for the Call sold position, however there was no decisive upmove which was a saviour.
KEY SUPPORT / RESISTANCE LEVEL (FNO) FOR 19 JAN 2021 + NIFTY 50Apollohosp 2600
Bhartiartl 600
Hdfcbank 1500
Idea 13
Itc 220
Pel 1600
Pvr 1500
Reliance 2000
- Above is an important level that is highly likely to act as support / resistance for intraday purposes
- Price reversing / breaking these marked levels can yield big moves
- Please use your own set-up / indicator(s) for further confirmation
NIFTY 50 - KEY BREAKOUT LEVELS FOR 14 JANUARY 2021Since I have received many queries, traders interested in Intraday Equity Cash & Futures calls/strategies, you can direct message me for further details. Minimum 1:2 risk/reward ratio.
SENSEX AnalysisSENSEX have a strong resistance at 46241 (Fib level 61.80 %).
Rejections at yellow zone ( i.e. Fib level 61.80 %) may push the SENSEX down to 44348 (Fib level -27 %).
Once crossed the green zone (i.e. Fib level 78.60 %), we can expect bullish trend & SENSEX can reach up to Fib level 127 %.
#JBCHEMPHARMA FOR ATHCONSOLIDATION IN PLACE AFTER A MAD RUN, CAN GO LONG HERE AT 990 WITH CLOSING BASIS SL OF 910-915 ZONE FOR TGTS OF 1150
CNXSMALLCAPSMALLCAP (MONTHLY):- SMALLCAP INDEX NEED TO CLOSE ABOVE 6200 THEN 7000+++ LEVEL COMES
STOPLOSS 5300 DCB
BANK NIFTY | Two Trendline CMP = 23960
Target = 26644
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