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Moving Averages

Banknifty weekly analysis for 16/10/23.Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema. On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level. It is showing some negative build up on the intraday front and is consolidating on the higher time frame. Banknifty has been closing in a narrow range and is facing a serious resistance from 44740 level. On the hourly time frame, during the last trading session, it has formed a tweezer top or bearish engulfing candle. There are chance of banknifty testing the low again. Banknifty is consolidating around the recent low and if the low is broken there are chances of fear selling. The global consents are negative and the ongoing Israel Palestine war may also contribute to the sell off. Major Support :- 43820-850 Resistance :- 44740 For intraday trading levels. Support :- 44190, 44060, 43860 Resistance :- 44560, 44740 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 16/10/23.Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and gap down and nifty has closed above the 20 ema. No clear view is there in the market. Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range. The markets have consolidated and a break out/down can be seen with a proper follow through in the markets. On the hourly charts, it took support around the 200 ema and closed between both the moving averages. Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down. Major Support :- 19250-300 Resistance :- 19840-900 For intraday trading levels. Support :- 19730, 19670, 19580 Resistance :- 19780, 19840 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BHEL ltd,.; min 30% Return ; right time to investFundamentally good stock, For long term investment. . . Entry: 102 target: 104 -119 - 130 sl: 97 major stoploss/ support: 87 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ;good for long term investment. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency 💹 Refer our old ideas for accuracy rate🧑‍💻 Valuable comments are welcomed-✌️ . refer old ideas attached below
NSE:BHELLong
by TheNuraTrading
3
Banknifty daily analysis for 13/10/23.Banknifty on the daily time frame has formed an inside candle. It has closed above the 20 ema on the daily charts. On the hourly charts, the market has remained in the first hour candle and closed just between both the moving averages and the moving averages are close enough. The market has consolidated whole day and closed only 82 points higher killing option buyers. There is a sideway cycle in the market and there are less opportunity for the option buyers. On 15 minutes charts, the market has closed between both the moving averages and has closed around the 20 ema. Support :- 44450, 44340 Resistance :- 44740, 44970 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 13/10/23.What a weekly expiry this has been? Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower. On the hourly charts, the market remained in the first hour candle and closed above both the moving averages. Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer. On 15 minutes charts, it traded around the 20 ema and closed just below the levels. Support :- 19770, 19720 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 12/10/23.Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher. It took a good support around 44500 levels and closed just around the levels. Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts. On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages. A minor resistance is there around 44550 level and it is taking support from the 20 ema. Support :- 44450, 44340 Resistance :- 44740, 44970 Today's weekly expiry remained silent and the markets remained volatile. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly expiry analysis for 12/10/23.Nifty held on to the higher levels while banknifty gave away the points after a gap up opening. It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day. There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages. On 15 minutes time frame, market took support from the 20 ema and has closed above it. Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest. Support :- 19770, 19720 Resistance :- 19840, 19900 Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 10/10/23.Banknifty has closed more than 1% lower on the daily charts but it took support around the major support levls of 43800. The market remained in a first hour candle and has closed below both the moving averages on the hourly chart. There are chance of a trending market as there is weekly expiry of another finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested. The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening. Support :- 43840, 43740, 43480 Resistance :- 44120, 44250 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Finnifty weekly expiry analysis for 10/10/23.Finnifty has closed more than 1.1% lower on the daily charts but it took support around the major support levls of 43800. There are chance of a trending market as it is weekly expiry of finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested. The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening. Support :- 19560, 19450 Resistance :- 19670, 19740 Watch for the time decay in the option premium as weekly expiry will eat way premium on the buyer side. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Nifty daily analysis for 10/10/23.Nifty after a gap down opening due to the global cues remained in a narrow range and closed 140 points lower taking support around 19500 levels. On the daily charts, it has formed a doji candle and is still trading below the 20 ema. On the hourly charts, market opened below both the moving averages and tested the 20 ema. It took resistance from the levels and closed around day's close. The market reacted to the international news and after a gap down tried to regain some points. Nifty remained stronger than the other index. Market trend is still indecided and there is no opportunity of a positional trend follower. There is a bearish moving averages cross over, on 15 minutes charts, and it has retested the 20 ema. Support :- 19500, 19350 Resistance :- 19575, 19730-50 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 09/10/23.Banknifty has been taking support from the 20 ema on the weekly charts and has closed above the level this week too. It is respecting the crucial levels and has closed 223 point lower on the weekly charts. There were gap up and gap down this week and didn't gave any intraday opportunity for an option buyers. The market has closed between both the moving averages, on the daily charts. In the last trading session, banknifty opened 110 points higher and traded in a range of just 250 points whole day. It closed only 147 points higher just decaying the option premiums. The market has been forming a similar pattern on the daily charts and this week can be different. The gift nifty is showing a 113 point gain on the daily close and if it remain same in the morning, Indian market too can show another gap up opening. On the hourly charts, it took support from the 20 ema and has closed between both the moving averages. Market has created support and resistance at a close range and trades should only be initiated once the market crosses the high or low of the previous day. Support :- 44270, 44120, 44020 Resistance :- 44450, 44720, 44975 Banknifty has been respecting a trend line on the hourly charts and its break out can show some bullish move in the market. The markets are still confused in deciding the trend It has been tradin in a 1000 points range for last 15 days or 10 trading session which is unusual for Banknifty. There are high chances of a trending move in the market. Bullish or bearish trades should be trailed if the market start trading above 44700 or below 43700 levels respectively. Wait for the price action near the levels before etnering the market.
NSE:BANKNIFTY
by Mambotrade
Positional Trade Setup in Granules "Ek Onkar" Hello Traders, We see a healthy correction of 30% in Granules. After the phase of correction the price is consolidating around the moving averages of 20, 50, 100 and 200 levels. Now the arrangement of the lines of moving averages indicates the start of a Bull run. Potentially the price has a strength to move 20 to 30% from these levels in 5 to 6 months. But I prefer to trade based on the technical data. Technical data is as follows: Chart Type - Heikin Ashi Time Frame - Weekly Trade Type - Positional (8 to 10 weeks) Correction - High 381 / Low 267.75 30% correction from Oct22 to Mar23 Fib Retracement - 61.80% level 334.10 (Important level for breakout) LTP - 311.10 20ema - 300.80 50ema - 302.49 100ema - 300.77 200ema - 274.69 in.tradingview.com Note: The price is trading above all the moving averages. We have a green bullish HA candle followed by a doji candle at the low of a bearish trend. Trade Setup: Wait for the breakout of 334.10 From these levels the price will try to test its recent high of 381. Potentially the price has a strength to move 20 to 30% from these levels in 5 to 6 months but we follow the trend analysis. Other updates will be updated in the update section of the post. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is only for educational purposes. Thanks Sardar Simranjit Singh Virdi
NSE:GRANULES
by ssvirdi
2
Short Setup in Marico FuturesTrend - Negative If the price sustains below 541.40 then it could see the levels of 525 and then 510 The price gives a breakdown of 541.40 which is a 38.20% Fib retracement level. A strong bearish crossover near an important level of 28.60% (Fib retracement). The breakdown of the Bollinger band Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit Singh Virdi
NSE:MARICO1!Short
by ssvirdi
Nifty Trading Plan For Second week of OCT 2023 End-of-Day Analysis Helps Traders to Understand the sentiment and Identify Potential Trading Opportunities for the Next Trading Day Nifty Support Nifty Support 1 - 19620 Nifty Support 2 - 19560 Nifty Support 3 - 19450 Nifty Support 4 - 19320 Nifty Resistance Nifty Resistance 1 - 19750 Nifty Resistance 2 - 19850 Nifty Resistance 3 - 19950 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.93 ( Bullish) Max Pain As per Option Chain Analysis - 19600 Major Resistance as Per Nifty Open Interest Analysis - 20000 Major Support as Per Nifty Open Interest Analysis - 19400 Long Opportunity in Nifty Trading On Friday Nifty broke resistance19640, which is a positive sign for Nifty Next week, Buying opportunities will be above 19620, 19550 and above 19750 Short opportunity in Nifty Trading As we Know Nifty is in a short-term downtrend, If nifty Sustain below 19600 try to Short nifty, The Next Shorting opportunity is near resistance 19750 and 19850 If you Like our Trading Plan Please Like and Share, Thank you.
NSE:NIFTYLong
by manojshinde27