We should consider a time correction following the breakout at the 1770 level before considering a long trade. If the market opens with a gap-up, we should contemplate a short trade with a target set at 1770.
Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
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Wait for small retracement & daily candle to close above - " 1805 ".
Trade carefully untill ENTRY level.
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Entry: 1805
target: 1855 - 1950
sl: 1770 -1760
major stoploss/ support: 1758
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
I believe that the impulse wave is now complete and we may see a correction from here which can go deeper as well depending upon the sentiment of the global markets in coming days.
NFA!!
- A bullish Flag formation on hourly chart, Trend is also looking strong as buyers are coming on every dip.
- Support Level keep eyes on 45800 to 45850
- Resistance on 46000 to 46100 Also its a round level most of the seller may get active
- Last friday also was a trending day let see for tomorrow might we can get good Entry & Exit
Note : Do your own analysis...
KotakBank consolidating from Dec 2021 to Nov 2022
The range of consolidation is 1625 to 1975, Bank Nifty moved in range of 10000 to 12000 point in last one year.
Bank Nifty moved 10000 point since Jun 2022. The move lead by ICICI Bank, Axis Bank, SBI , HDFC Bank and Along with PSU BANK
Kotak Bank and Indusind Bank has not moved in rally, So when Index start...
Points to note for tomorrow
1. Buyers are still trying to get momentum which can trigger if crosses 44666 level or above
2. A gap up might can be seen which can bring buyers
3. Sellers are on between 44600 to 44700 a strong resistance or below 44300 to 44200
Note : Do your own analysis before making any trade or investments
A bullish flag breakout has been confirmed on the weekly chart of NSE:KARURVYSYA . One can crete a fresh position at around 130 with a stop loss oof Rs. 120 fopr ther targets of rs 140/150/160......Enjoy the Moneyrain guys......
Exit the position if the stop loss is triggered on WCB.
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I AM...
KotakBank is trading near 1769 with highest put writing @ 1760.
HDFCBank is trading near 1567 with highest put writing @ 1560.
As long as this 2 banks dont close below 1760 & 1560 respectively on min 30 TF there are chances of Banknifty + 2 banks bouncing back from here.
Can buy Kotakbank 1760 CE & Hdfcbank 1560 CE. Stoploss 30 min TF candle closing below 1760 & 1560.
Kotak Bank is trading in sideways channel and is currently near a support zone of the channel. This presents a potentially good opportunity for a swing trade.
Entry:
For entry, it is recommended to go long after close of strong bullish candle near support zone.
Stoploss:
To minimize risk, a stop loss should be placed below the support zone, with some buffer to...
if stock prize cross 1840 level then we go for buying side . we can trade with small stop loss and reach high reward. According to me it should go above this level.. its my analysis in the stock .,what are you thinking about this?
Banknifty’s movement today has given a slight hope for the bears to sharpen their claws. Primarily it breached the 45850-45830 levels thrice today in the 5mts candle. I did mention in the report yesterday that I wish to go short if the 45830 levels are taken out.
The reversal of 308pts from 13.40 to 14.55 would have tested the bear’s conviction level, but the...
price has formed cup and handle and price at cup neckline and waiting for results to give breakout or breakdown.... all in results but if handle holds again next month price will shoot up due to pattern it self.
