Explanation in Chart. The market might be liquidity driven rather value driven. Long term market might be bullish but a temporary correction can be seen soon.
Bank Nifty View for Tomorrow 14 Jan 2021 !! Thanks for reading and kindly let us know if you have any questions.
NIFTY | Small Flag pattern but with RSI divergence (15 Min's Time Frame) CMP : 14563 SL : 14510 Target : 14625, 14687
BANKNIFTY | 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
The 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...
The 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...
The 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 chart. Consider taking with spread instead of buying naked options for positional. CMP : 11930
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...
NSE: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
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 please subscribe to receive more analyzes
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 please subscribe to receive more analyzes
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 please subscribe to receive more analyzes
As you can see a possible Triangle is forming once it break then we can see down trend near the blue region
After 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.