NIFTY | Small Flag pattern but with RSI divergence (15 TF)NIFTY | Small Flag pattern but with RSI divergence (15 Min's Time Frame)
CMP : 14563
SL : 14510
Target : 14625, 14687
Indices
BANKNIFTY | Strong Flag formation - 1300 points rally aheadBANKNIFTY | Strong Flag formation - Hope to see 32500 in a week time. Lets see what triggers BANKNIFTY to reach the target 🙂
CMP : 31200
SL : 31000 (But strong support @ 30935)
Target : 32500
Dow Jones Flag and Rising WedgeThe US benchmark index Dow Jones has formed a Flag pattern along with a Rising Wedge pattern.
With both the patterns happening at the same time one should stay neutral and wait for breakout above or below the wedge pattern,
to get confirmation of the next move. Though the overall trend is still bullish but in the current scenario, its prudent to have patience.
So keep calm as its wait and watch till we get conclusive evidence.
Rounding Pattern Breakout In Dow JonesThe US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below 30100.
Current price 30,225.
Cup & Handle Formation in Dow Jones HourlyThe US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
NIFTY | Cup & Handle in hourly chartNIFTY | Cup & Handle in hourly chart. Consider taking with spread instead of buying naked options for positional.
CMP : 11930
NIFTY range bound today | Check out how it can react on Monday.Nifty - Technical Analysis:
-Nifty closed 15 points, or 0.13 percent, up at 11,464.45.
-It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign
-FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period.
Market - Driving Factors:
-Top Index gainers: SBI (2.83%), TechM (1.76%), TCS (1.69%)
-Top Index losers: IndusInd Bank (1.68%), Power Grid (1.49%), Airtel (1.16%)
-While the market is not in a bubble zone, we note that global cues (US markets on correction mode) have started to turn negative and FIIs have turned sellers along with domestic MFs.
-All BSE indices except telecom and utlities end the day in the green
Nifty - Outlook for Monday, 14th September:
Investors need to be prepared for a minor correction or a side-ways market, going ahead. There are some pockets of value in small-caps, but one needs to be selective. We also need to keep an eye on the US equities and how it behaves today, any further selloff or tension in Indo-China border can lead to more selling pressure.
Have a great weekend!
Avoid pharma stocks for the time being?The Pharm index has found resistance around 70% retracement of its previous fall and slipped lower to confirm a harmonic pattern.
BANKNIFTY - BULLISHNSE:BANKNIFTY
(FOR LEARANING PURPOSE ONLY)
If price opens above CPR & forms a BULLISH opening range ,go long with Target 23420
if price opens below CPR & forms a BEARISH opening range ,go short with Target 22400
DAILY ANALYSIS OF LOGEMENT DEVEL FINHi friends
the daily graph of this market shows that it will experience a BALLOWING trend in the coming days but you have to be vigilant at the same time because there may be a change in the opposite direction
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DAILY ANALYSIS OF OBLIGATIONS D4ETAT AMERICAN 5 ANS Hi friends
the daily graph of this market shows that it will experience a BALLOWING trend in the coming days but you have to be vigilant at the same time because there may be a change in the opposite direction
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daily analysis of OBLIGATION D'ETAT ALLEMANDES 5 YEARS Hi friends
the daily graph of this market shows that it will experience an uptrend in the coming days but you have to be vigilant at the same time because there may be a change in the opposite direction
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1st July Nifty set upAs you can see a possible Triangle is forming once it break then we can see down trend near the blue region
NIFTY Next SupportAfter breaking through 10100 and 9950 supports, Nifty seems to be in a strong bearish trend.
Moving Average crossover on the chart in 1 hour time frame also confirms the same.
Nifty has a minor swing low at 9800 after which the next strong support lies at 9600.
9600 levels are also at a 50% Fibonacci retracement of the last bullish leg.
Nifty 50 Views for 5th MayIndex has closed below the fib level of 9320 , which is the clear indication of the index becoming weak and weaker.
Short the future when index breaks the yesterdays low which is 9267 for the target of 8800 and 8628.
Indusind bank intraday callBuy - above 385.50
Target - 390 , 394 , 398 , 403 Stoploss - 380
Sell - below 380
Target - 376 , 371 ,366 , 362 Stoploss - 385
T&C - Trade on your own risk
NIFTY 50 ANALYSISgood sell signal in short term only
it will restest the trendline bottom
likely to buy from there
so as of now short term sell
BANK NIFTY ANALYSIS
Trendline and support area nearing.
short term sell adn correction
soon up trend will resume
