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Moving Averages

Nifty: Trading between 21 day EMA and 50 day EMAFor most part of the August month, Nifty has been trading between 21 day EMA and 50 day EMA - the monthly average for Nifty Futures is around 19490 Nifty likely to open gap up. However one needs to watch out for 19389-19424 zone If after gap up, Nifty sees rejection in this zone and falls below 19385, then pullback rally may be considered to be over and we might see continuation of downfall. Cautious if Nifty trades above 19430. View gets invalidated if Nifty closing above 19490 Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
1
Nifty monthly expiry analysis for 31/08/23.Again nifty after a gap up opening couldn't sustain above the 20 ema and in the second half of the trading session came for selling, closing flat. On the hourly time frame, market took support from 200 ema and showed some positivity but couldn't sustain and came for selling closing below both the moving averages. Market has reversed after testing the 61.8% fib levels and the sell off good in volumes. The market has closed around the day low. Tomorrow being a monthly expiry there are chance of a trending market as the market has been in a consolidation phase. Even on the 15 minute time frame, the market has closed below both the moving averages. Nifty was stronger than the other index. The sell off was a trending one and if continues for selling then it will be a short term downtrend. Support :- 19310, 19250, 19180 Resistance :- 19360, 19410,19470 The market has resistances in a small range which will be difficult for the market to break. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Bitcoin consolidating after a drop.Bitcoin for last 10 day is being consolidating after a nice fall of 10%. The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone. On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels. Even on the daily charts, there is also a bearish moving averages cross over and its trading below it. There might be a retest as there is a huge imbalance created. For the intraday trades. The coin is trading around the 20 ema, on the hourly charts, and below the 200 ema. The volumes are high when there is a fall and a reduction in the up move. There is volatility which no giving a clear view in this range. Let the coin give break out or break down of the levels and trades should be initiated accordingly. Support :- 25860, 25670 Resistance :- 26185, 26500 Wait for the price action near the levels before entering a trade.
BITSTAMP:BTCUSD
by Mambotrade
Nifty daily analysis for 30/08/23.Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support multiple times from the 20 ema and has closed between both the moving averages. Nifty today has traded in a range of 50 points and has formed a box consolidation. The market is giving less intraday opportunities. It will be good to let market decide the trend and trade accordingly. On 15 minute time frame, it has closed between both the moving averages and regained 40 points in the last two candles. Support :- 19310, 19250 Resistance :- 19350-380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Finnifty monthly expiry analysis for 29/08/23.Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts. On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages. Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side. Support :- 19680, 19530-50 Resistance :- 19780, 19830, 19910 The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty daily analysis for 29/08/23.Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed above the levels. On the hourly charts, market has closed between both the moving averages and is taking resistance from 200 ema. There is not clear trend in the market. Watch for a clearer view to enter the trades. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. Support :- 44480, 44350, 44182 Reesistance :- 44550, 44690 Market are approaching the monthly expiry and hasn't moved much in previous trading session. There will be a momentum in coming session. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 29/08/23.Nifty is still forming doji after doji. The market on the daily time frame is still below the moving average and in sideways mood. On the hourly charts, market tested the support zone and tried to move up but took resistance from the 20 ema and gave a retracement after touch the levels. There is also an evening star pattern there. Market slow tried to move upper but couldn't give some conviction as there was a rejection from 20 ema (60 minute) and 38.2% levels. On 15 minute charts, nifty has closed below both the moving averages and is taking support around 19300 levels. The market are showing some negative sentiments as it is taking resistance from the key levels. Support :- 19250, 19180, 19000 Resistance :- 19380, 19480 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Is the Monthly Nifty expiry gonna be a volatile climax???Nifty We are looking at daily charts of Nifty - Since July 20, Nifty is trading in a falling channel - Currently Index is seen struggling to re-claim 21 day EMA zone - Nifty Closed below 50 day EMA after 31 March 2023 There could be a pullback attempt from here but if Nifty closing by Wednesday is below 50 day EMA, then we might see some further downside. Important levels on the upside: 19322 / 19384 / 19440 Important levels on the downside: 19196 / 19080 / 18966 Take care & safe trading...!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Moving Averages are really powerful. . . !Can you believe they are... Moving average(MA) is one of the oldest indicator. Lot of people (including me) would reject the idea that such a simple indicator can be of any use in modern day considering availability of advance computer tools. I came across free training videos of Oliver Velez who explained on how to use it. When I back tested his logic I was really surprised.. Since then I have kept 20SMA and 200SMA as default on my chart. Best part of this concept is, it works on any time frame.! MA can answer following key questions which helps anyone become good trader/investor.. Q1. Is the stock trending? and What is the direction of trend.? A1. If 20MA is flat stock is not trending. Direction of 20MA is direction of trend. Q2. How old is the trend. (if trend has just started I can board it and if it is too old I will not) A2. If 20MA is not too far from 200MA trend has just started. If 20MA is too far from 200MA be alert trend might be matured. Q3. Am I buying in value zone so that my SL is small.? A3. Buy when stock retraces near 20MA. Q4. Am I exiting at a value where I have got good amount of move. So that my profits are much higher than losses. A4. Exit when stock is far away from 20MA. I have marked all above on these chart for easy understanding. As we can see FAR and NEAR are relative terms. Hence it takes good amount of practice to grasp and trade this concept. Considering volatility lot of whipsaws can happen in intraday and daily time frame. So I started using it on weekly time frame and started getting good results with holding time of 3~10 weeks. However once you are confident in your stock selection criteria this is good way to ride a trend. We can compare trading using MA to flying kite. It is simple but not easy. One need to practice to master the skill. One need to get feel direction and gust of wind, Understand behavior of kite and finally time the action to fly kite. Hope this post will help you appreciate this oldest indicator...
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NSE:GESHIPEducation
by yndesai
24
Banknifty weekly view for 28/08/23.Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing. It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level. On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the moving averages but it couldn't sustain above the level and closed below it. Banknifty has some support cushion below and there will be a good sell off once market start trading below 43400 levels which is the previous swing low. On the hourly charts, in the last trading session, market traded below both the moving averages. It took support around 44000 levels and recover quickly after testing the levels and remained volatile after the sudden boom. There is Cup and handle formation, on 15 minutes charts. The moving averages are close enough and market has closed below both the moving averages. Support :- 44000, 43750 Resistance :- 44475, 44690 The markets are still volatile and even on the last trading session didn't gave any trending move. Watch markets carefully as the support and resistance are nearby. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly view for 28/08/23.Nifty on the weekly time frame has given a gravestone doji which shows some negativeity as it is sitting near the support levels of 19250 which has been tested many times. If market starts trading below the support level other supports are far enough to give a nice swing trades. On the daily time frame, market opened gap down and has formed a doji candle closing 120 points lower. The market is looking somewhat bearish as the weekly candle is. Market is trading below the 20 ema and has not crossed the previous swing high. The market tried to cross the moving averages by a break away gap buy couldn't sustain it and reversed falling around 200 point form day high. On the hourly charts, it traded whole day below the moving averages and consolidated near the support zone. Market is consolidating in a range, break out or break down can give nice movement as a long consolidation is going on. Nifty on close to close basis has been in a range of 250 points as it is respecting 19500 and 19250 levels. Bearish or bullish trend will only be decided once the market starts closing outside the range. Watch for the market close as there will be good targets to hit. Support :- 19250, 19180, 19000 Resistance :- 19380, 19480 Supports are made near the day close as there can be a gap filling if there is a break down. Swing targets will be around 18880 as the market will retest the previous resistance zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty ( Weekly Contract )Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44575 / 45025 target: 45030 - 45250 - 45760 stoploss: 44430 . . For " Short" entry: 44430 target: 44250, 44030 stoploss: 44580 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " Simple, Focus on Consistency "💹. Refer our old ideas for accuracy rate🧑‍💻. Valuable comments are welcomed-✌️ . . Disclaimer: Our Trading style is not to capture "10-20" points per trade.📊 We take entry only for min "100-300" points without any distractions.💹 So, our ideas may not be preferable for small traders, who just focusing on too much of support and resistance.📈📉📈 So, please consider others ideas. This is for educational purposes.🧑‍💻
NSE:BANKNIFTY
by TheNuraTrading
Banknifty daily analysis for 25/08/23.Banknifty has given a flat closing after a gap up opening of more than 200 points and unable to close above the 20 ema. On the hourly charts, there was a sell off after the first hour candle and the trend continued and started trading below 200 ema in the second half. Dow Jones is also trading in red. Indian market may also be bearish in short term. The market has closed between both the moving averages on 15 minute charts. Banknifty has given a nice rally and looks stronger than nifty. Support :- 44450, 44310, 44100 Resistance :- 44900, 45080 Market tried to touch 45000 but the seller took market 500 point down from day's high. There are support for market and if the last support level 43580 is breached in the coming week, there are high chance of market carrying a bearish trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 25/08/23.Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle. On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages. Global market are too trading in negative and if nifty starts trading below 19250 levels there will be a panice selling as it has bounced from that levels and the support is becoming weak. On 15 minutes chart, the moving averages are close enough and there will be a bearish cross over if there is another sell off. There are chance of a bearish trend as a fake out has been proved in nifty. Though, banknifty tried to remain in the green but has closed only 17 points higher which is a flat closing. Support :- 19370, 19260 Resistance :- 19480, 19550 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Religare Enterprises stock technical analaysis long opportunity This technical analysis report for Religare Enterprises stock provides an overview of the current trend, support and resistance levels, moving averages, and RSI. The report concludes that the stock is in a bullish trend, but it may be due for a correction. Investors should wait for the stock to cool off before entering a long position. Current Price: ₹240.80 Trend: The stock is currently in a bullish trend, as it has been rising for the past few days. Support: The immediate support level is ₹230, followed by ₹220. Resistance: The immediate resistance level is ₹250, followed by ₹260. Moving averages: The 200-day moving average is sloping upwards, which is a bullish signal. The 50-day moving average is also sloping upwards, This suggests that the stock is still in the early stages of its uptrend. Relative strength index (RSI): The RSI is currently at 75, which is in the overbought territory. This suggests that the stock may be due for a correction. Conclusion: The technical indicators suggest that the Religare Enterprises stock is in a bullish trend. However, the RSI is in the overbought territory, which suggests that the stock may be due for a correction. Investors should wait for the stock to cool off before entering a long position. However, investors should wait for the stock to cool off before entering a long position.
NSE:RELIGARELong
by TRADING-NASA