Tatasteel breaks C&H pattern good volume MACD crossover near target 132 + trading above all key ema eductinal idea only
19480-19460 played a vital role in Aug series and so did 19385 in the last 2 trading days. Directional trade can be taken once Nifty decisively breaks 21 day EMA or 50 day EMA. A few days back when Nifty closed below 50 day EMA, it bounced back immediately. Now again Nifty has broken the 50 day EMA on Expiry day. Is this a knee jerk reaction or is the...
For 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...
ANGLE ONE breaks F&P pattern good volume strong RSI trading above all key ema educational idea
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...
Indian Hotel breaks rectangle with huge volume trading above all key ema educational idea only
After long consolidation price has given BO with good volumes in daily TF
PIDILITE breking a trendline resistance good volume MACD crossover 2730 can be target breaking 20 ema educational idea only
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...
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...
Very high probability upswing of +20% possible. Following are technical reasons 1. Made good double bottom at weekly 200ma 2. Good support at 50ema (there is tendency to respect 50ema) 3. Also took support at 155 which was earlier resistance. 4. Now we see it breaking out of consolidation. Target 205 and 230 possible SL can be at 155.
TATAELXSI Buy above 7405 SL below 6989 Targets: 7498/7668/8030/8394/8620 + Bollinger Band BO RSI Trendline BO For education only
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...
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...
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...
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...
Niftybank trading zone this week #resistance 45000 #support 43700 educational idea only
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...