Hello Traders !
The above analysis was done on a "Monthly" basis, the holding period may take a few weeks or months to reach the targets.
Trade Setup and Analysis :
In monthly time, we can see an ascending triangle pattern on the above chart, as well as a Cup and Handle structure, which I have highlighted in the image below; both patterns were bullish in...
Here we go again, let's see if this time banknifty will break the Big-B trendline . FII are continuously pumping money . Economy is doing wonders . Everything is in favour this time so yeah I am exited
NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry requirements. The company was established in 1981 to help the nascent IT industry overcome its human resource challenges.
The company has reduced its debt.
The company is almost debt-free.
The company is expected to give a good quarter.
For nifty 50 =
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have...
Biggest support is 14408 and 38 % fib retracement Big Flag pattern
When ever there is a big candle 50 to 60 % may be halt for next candle
note This is Just my prediction market can happen any thing
BDL LTD...stock is trading in the range of 455 to 360 for more than five month....stock break all previous level...makes ath...
also rsi cross above 60 monthly charts showing long term strngth...
in jan month stock made invitation for trade..
generally monthly charts is used for investment.
What a day...! Vix @ 21, a highly volatile day we all expected, exactly after the holiday, the nifty opened with a huge gap down, giving option sellers nightmares. After the gap, it keeps moving down. Look at the chart. It followed the trend line. Then once it broke the trend line, at the same time, Banknifty also took support at 37000, and a quick 1000 point move...
We are close to our first expiry of the year. Looking at the chart, we are witnessing how beautiful the price action is respecting. Looking at the chart at the last expiry, the nifty couldn't have the strength to cross 17250, an onec that is being broken. Now is the time to bring out the nifty shootig. It's getting close to 17800. 17800 is important because it...