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Moving Averages

Banknifty intraday levels for monthly expiry 27/03/24.For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support levels. Fibonacci levels are also retested on the bearish front. Now market has to decide which trend to follow as it has been creating confusion. Major support levels :- 46400, 46150 Resistance levels :- 46750, 46940 Tomorrow is the montly expiry for banknifty. It has been consolidating in a range for last 3 trading session and there is a possibility of it showing some trending move. Wait for the pirce action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
A 50-day moving average (50 DMA/SMA/EMA)A 50-day moving average (50 DMA) is a technical indicator that shows the average closing price of a security over the last 50 days. It's a popular indicator because it's realistic and effective at showing historical price movement trends. Concept of 50 Moving Average 1. Entry - Candle crossover 50 MA: This refers to a situation where the closing price of a candle crosses above the 50-period moving average line. When the candle's closing price moves from below the 50 MA to above it, it indicates potential upward momentum in the price action. This could signal a bullish trend or a potential buying opportunity. 2. Exit: - Distance between 50 MA and Candle: This involves monitoring the distance between the closing price of the candle and the 50-period moving average. If the distance becomes significantly large, it may indicate an overextended market and a potential reversal. Traders might consider taking profits or preparing for a reversal signal. - Candle crossunder 50 MA: This occurs when the closing price of a candle crosses below the 50-period moving average line. It suggests potential downward momentum in the price action. This could signal a bearish trend or a potential selling opportunity. 3. No Trade Zone (Sideways): - Use Box Breakout Strategy: In a sideways or ranging market where the price moves within a defined range, a breakout strategy can be employed. A box breakout strategy involves identifying a range-bound market where the price oscillates between a support and resistance level (forming a box-like pattern). Traders look for breakouts above the resistance or below the support level to initiate trades. This helps avoid trading during periods of low volatility and indecision, typical of sideways markets, and instead focuses on capturing potential momentum during breakout movements.
NSE:NIFTYEducation
by NaveenTTR
📌 Watch for $FET's liquidity absorption💎 FET appears poised to absorb internal liquidity, as indicated by the formation of a pin bar candle, reminiscent of previous instances. 💎If FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory. 💎However, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
Long
by MyCryptoParadise_Nathan
Nifty weekly analysis for 18/03/24. Nifty has given a 2% fall in a week and closed above 22k levels after testing 21900 levels. It consolidated around the higher level and gave a fall, there is a probability of it continuing the fall. If there is a gap down opening and a retest of the current support level of 21900, a bearish trade can be initiated after a negative price action around it. In case of a gap up, wait for a W pattern formation and enter only when the neck line is crossed and sustained. For last 2 trading session, nifty is forming an inside candle and is consolidating. The break out/down can give good movement. Major support levels :- 21900, 21780, 21580 Nifty is trading below the 20 ema (daily) and is sustaing below it. The consolidation range is between the horizontal support and 20 ema as a resistance. There is a break down of a trendline and the retest is also done in nifty which adds on for a confirmation on the bearish side. Resistance levels :- 22100, 22190 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
2
Banknifty weekly analysis for 18/038/24. A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as compare to nifty. It is respecting a trendline and has continously tested it. If markets breaches the levels and starts trading below the levels, a bearish move can be seen in the market upto the lower support levels. Major support levels :- 46300, 45940, 45750 The chances are high of market giving another red candle on the weekly charts. Wait for banknifty to start trading below the trendline. If there is a gap up opening and a higher high formation, let market confirm the bullish trend on hourly charts. For confirmation look for a price action. Major resistance levels :- 46680, 46950 Though, markets are unpredictable and is in a bearish trend, watch for it to cross and sustain 47200 levls to turn bullish. Else a day or two can be avoided for trading. Wait for the price action near the level before entering the markets.
NSE:BANKNIFTY
by Mambotrade
HDFCLIFE 21/50 EMA Cross [DAILY]HDFCLIFE gave a small base BO on daily time frame and now today we can observe a 21/50 EMA cross as well. Another thing in support of this scrip is that its RS score in 750 stock universe has been rising week over week for the past 4 weeks. Data is as follows : 23rd Feb - 10 1st Mar - 14 7th Mar - 26 15th Mar - 33 Only con here that i can think of is that there is supply overheard in the chart and the RS score even though on a rising slope is pretty weak when considered overall. There might be better opportunities that we can look into.
NSE:HDFCLIFE
by HawkishDove
Nifty intraday levels for weekly expiry 14/03/24. Nifty has given a break down of the parallel channel and has closed below the 22k levels after a gap up opening. Even 20 ema, on the daily chart, is breached and closing is much below it. Today, not the index even the stock has given bearish move. There were chance of a retest but from the morning nifty was in a bearish mood. It can given another red candle as there is a bearish divergence in RSI and volume are high. Either it will retest the break down channel or consolidate after a gap up or flat opening. Major support levels :- 21920, 21770, 21580 If there is a gap down opening, there can be another selling leg from the morning. Resistance levels :- 22110, 22250 Tomorrow is weekly expiry for nifty and can be another trending day for it. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
LUPIN STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): LUPIN stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support, line 1 provided too slow as the uptrend accelerated. In this scenario, a second line is steeper tracking a rising trend with high volume. suggesting that there is a well-defined upward trend in place. 3. High-Volume Breakout with Retracement: A high-volume breakout can be a positive sign, indicating that there might be strong buying interest and potential for further upward movement. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10-20% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices.
NSE:LUPINLong
by NK-PK
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Eicher motors around the resistance zone (26/02/24) The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured. Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level. Major support zone :- 3765-3800, 3600-3625 Positional trades in the stock can be created in this week as per the trend. On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades. Both side momentum is possible in the stock. Nifty Auto is trading around the ATH. Wait for the price action on the daily charts and enter accordingly.
NSE:EICHERMOT
by Mambotrade
FinNifty intraday levels for weekly expiry (05/03/24).Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow. Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels. If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning. In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half. Major resistance zone:- 20960, 2110-50 Support levels :- 20830, 20620 It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen. Even watch for the option premiums charts and VIX before entering a position. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
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NSE:NMDCLong
by Uday_Mandal
2