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Market Watch: Assessing the Possibility of an Impending CrashThe financial sector has been experiencing a persistent underperformance, notably reflected in the contrasting trends of Banknifty and Nifty. While Nifty has been consistently marking higher highs, indicating positive momentum, Banknifty/Nifty Ratio Chart, on the other hand, is showing a pattern of forming lower highs. This ongoing divergence between the two indices raises a red flag, signalling potential concerns for market participants. Such a disparity in performance suggests a lack of uniformity in the financial landscape, prompting investors to closely monitor and assess the underlying factors contributing to this divergence. Understanding these trends becomes crucial for making informed decisions in the face of the evolving market dynamics. Investors should closely monitor Nifty for potential immediate tops, especially examining bearish momentum divergence for confirmation. This analysis is crucial for gaining insights into evolving market sentiment and making informed decisions amid potential risks.
NSE:BANKNIFTYShort
by breakout_ninja
Mazdock Ship - Swing trade ideaStock name: Mazdock ship and current market price is 2114.6 This stock has broken out of symmetrical triangle and 2 months high resistance taking support from 50 EMA. Current view is bullish with expected swing trading target around 10-12% and is very decent target for swing trading. Sharing new stocks analysis for swing trading which I feel as per my analysis, has the potential to make a good momentum based swing trade. Stay disciplined in swing trading. Emotions can cloud judgment. Stick to your plan and keep emotions in check for consistent success. 📈💪🚀 🔍 Remember, always perform your due diligence and analysis. This post isn't a buy or sell recommendation, but rather an educational insight into the world of technical analysis. We're not SEBI registered advisors and won't be held liable for any profits or losses.
NSE:MAZDOCKLong
by warrenwaytrading
Technical Analysis For Banknifty**Date:** September 28, 2023 **Key Levels:** * Resistance: 44962 * Support: 44465, 44200, 44000 Asper OI: Support: Not Good Strong Support Levels Resistance is: 45000 Big Then 44700/44800 **Analysis:** * The market is currently in an uptrend, but it is facing resistance at the 44962 level. * If the market is able to break above 44962, then a good bullish trend can be confirmed. * The first support level is at 44465. If the market breaks below this level, then a fall is possible. * The second support level is at 44200. If the market breaks below this level, then a further fall is possible. * The third support level is at 44000. If the market breaks below this level, then a significant fall is possible. **Trading Strategy:** * If the market opens gap-up above 44600, then traders should wait for a pullback to one of the support levels before entering a long trade. * If the market opens gap-down, then traders should wait for a confirmation of the downtrend before entering a short trade. * Traders should always use stop-loss orders to protect their capital. **Example:** A trader is bullish on the market and wants to enter a long trade. The trader waits for the market to pull back to the 44465 level. The trader then enters a long trade with a stop-loss order below 44400. If the market is able to break above 44962, then the trader will make a profit. If the market falls below 44400, then the trader will exit the trade with a small loss. **Proper Technical Analysis:** * The technical analysis above is based on the following key points: * The market is currently in an uptrend, as evidenced by the rising trendline. * The market is facing resistance at the 44962 level. * The market has three key support levels at 44465, 44200, and 44000. * The trading strategy above is based on the following key points: * Traders should wait for a confirmation of the trend before entering a trade. * Traders should always use stop-loss orders to protect their capital. It is important to note that this is just a sample technical analysis and trading strategy. Traders should always do their own research before making any trading decisions.
NSE:BANKNIFTYLong
by santubittu
Bank Nifty Support Resistance 18Sept2023 As Per Techincal Analysis Market On Week High and as per day candel also markets at high levels As Per My Point Of View Market Need to Retest Downside Againt or Wait 2 3 days then breakout will be strong otherwise market can fall. Support Resistance For Tomorrow If the Market Opens Gapup Above 46315 then wait for sustenance or wait for retest previous day closing 46154. If Market sustenance above 46300 and Close a Green 15Mint Candel Then We can Go at Bullish Side For the Downside Market needs to Break 46000 Then a Downfall is Possible upto 46853-46814 For the Downside Market have to much resistance. Support Levels: 46150/46000/45853 Resistance if market open Gapdown then 46315 Support Resistance AS PER OI Data Big Support = 46000 Big Resistance 46500 But Minor resistance at 46200/46300 #banknify #supportresistance #nifty50 #techincal #tradingview #santubittu #Tommorwanalyis
NSE:BANKNIFTYShort
by santubittu
Nifty50 : 24 August Levels and Trade Plan | Bulls seem strongHello traders, Post market analysis for 23 August: today was a good day for Bulls in the market. After testing 380 support zone for the third day in a row, and good accumulation at that level, market was able to claim 19450 and touched 19472. If we look at Daily chart, we can see three consecutive HH & HL. Amidst traders anticipating a Bearish move, market is actually moving up! Trade plan for 24 August : Case1: In case market crosses or open above 482, it will be a no brainer to keep a long position. targets TP1: 19558 and TP2:19622 SL: 5 min close below 460. Case2: Market opens in the last session's range. Will remain cash. I will keep Bullish stance on Nifty50 as long as we are above 380-360 zone, both; intraday and swing. Thanks for reading, Have a great day! Give this post a like, if you agree with this analysis. Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
NSE:NIFTYLong
by srtrades_
#BANKNIFTY - 21/03/23 MARKET VIEWBased on the current market activity and price action analysis, it appears that BANKNIFTY is exhibiting a strongly bullish trend as of March 21st, 2023. Throughout the day, buyers have been overwhelming the market, indicating a high demand for BANKNIFTY and a positive sentiment among traders. Given this market behavior, there may be a favorable long trade opportunity available within the range of 38950-39150, with a Target price of 39700 and a Stoploss at 38600. However, it is important to note that the decision to enter into any trade should be based on an individual's financial goals, risk tolerance, and investment strategy. Moreover, traders should always exercise caution and implement proper risk management techniques, such as setting stop-loss orders, to minimize potential losses. It is also important to continually monitor market conditions and adjust trading strategies as needed to ensure optimal performance.
NSE:BANKNIFTYLong
by DamisInvestments