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Moving Averages

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
Banknifty daily analysis for 23/08/23.Market are still not in a trending phase and it consolidating in a narrow range. Banknifty after a gap up opening tried to trade above 44100 levels but couldn't sustain above the levels and came for selling in the second half of the session after consolidating in the first half. On the hourly charts, market has closed around 20 ema and is trading around 44k levels. Banknifty has closed below both the moving averages and the sell off is also showing some negative sentiments. Market has been facing a good resistance from 44100 levels as it was unable to close above the levels and closed almost flat on daily time frame. On 15 minutes time frame, it has closed below both the moving averages and has taken support around 43950 levels . Support :- 43930, 43740 Resistance :- 44090, 44320 A good consolidation is going on in the market and a good trending market will be there once buyer sellers fight is over. Watch for good targets with trailing stop loss. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 23/08/23.Today the market has killed the option buyer as it has consolidated in a small range of 60-70 poits. Nifty has formed a halt candle and has closed flat on the daily charts. On the hourly chart, nifty traded in between the moving averages, taking resistance from 200 ema and support from 20 ema. A good consolidation is going on in the market and trend market is nearby. On 15 minutes chart, moving averages are close enough and market has closed below both the moving averages. Support :- 19360-80, 19300 Resistance :- 19480, 19550 Nifty has formed a support around 19400 levels and there are chance of market finally deciding the trend as it has been in consolidation phase for 3-4 trading session. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
FinNifty weekly expiry analysis for 22/08/23.FinNifty has been trading in a range for last 3-4 session and tomorrow being an expiry there can a trending move. A morning star pattern is there on the daily charts but the resistance level of 19600 is still being respected. If the market starts trading above the level there will be a nice up move as it has consolidated. On the hourly charts, market has given a breakout of 20 ema and is retesting the levels. In the second half of the trading session market remained in a range and lost some gain. On 15 minutes charts, it has closed below both the moving averages and even the RSI is showing some negativity. Support :- 19500, 19440, 19320 Resistance :- 19615, 19670 There are resistances in the short range and market has to clear these resistances in order to form a bullish trend. Still the trend is not clear and scalp trades can be done until the market give some confirmation of the trend. Wait for the price action near the level before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty daily analysis for 22/08/23.Banknifty opened gap up and retested the trendline. The market has closed 150 points higher and remained in a upmove during the first half of the trading session. It has formed a perfect doji on the daily charts but is still not showing some conviction of holding higher levels. On the hourly charts, market gave a nice upmove and took resistance around 44100 levels and there was a sell off from the exact same levels. Banknifty has closed around the 20 ema and looks as it is taking some kind of a support from the level. In the second half of the session market slowly lost points and closed around the round figure number of 44000. On 15 minutes time frame, the market looked jittery as there was not a steady up or down move in the market. Market is still in a confusion state. Support :- 43930, 43740 Resistance :- 44090, 44320 Market test the resistance zone of 44100 levels many time and tomorrow if there is a break out chance of a nice trending market can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 22/08/23.Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level. Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets. On the hourly charts, market formed a grave stone doji and recovered forming a marubozu candle but remained range bound in the second half of the session. Though the market has given a break out of 20 ema but has taken a serious rejection from 200 ema. Tried not enter any bullish trades until the market starts trading above the moving averages. On 15 minutes charts too, market took resistance from the moving average and has closed below both the moving averages. Support :- 19360, 19260 Resistance :- 19460, 19550 During the last hour, there was a sell off and there are chance of market going for another dip. Even the global market are also showing some negativity at present. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty ( only for min [100-250] Target ) ProNifty 50. (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 19485 target: 19540 - 19647 stoploss: 19440 . . For " Short" entry: 19430 target: 19410 stoploss: 19460 . 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 "100-250" 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:NIFTY
by TheNuraTrading
Banknifty weekly analysis for 21/08/23.Banknifty has been trading around a major support levels and is around weekly 20 ema. It is taking support from the moving average. For last 4 weeks market has given red candles and has formed a confusion candle this week. On the daily charts, market is stuck in a small range which shows that there is a high probability of a trend market in this week. Banknifty is giving close in a small range ans closed almost flat on friday. In the last trading session market has trading inside the first hour candle. The market is in a sideways mode. Watch a trending market in the coming week. On the hourly charts, the market has been taking resistance from the 20 ema and is trading below both the moving averages. Market is also taking resistance from a trend line, forming a descending triangle pattern. Support :- 43750, 43570, 43400 Resistance :- 43920, 44090 Market has tested 44k levels multiple times, making it a weak resistance levels. Watch for a break out or break down of the levels as there can be a trend move in the markets. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 21/08/23.Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been trading below 20 ema. Nifty is around a crucial levels, if the support zone of 19250 is also breached then there are chances of market going to 18900-19000 levels as there is no support near by. On the hourly charts, there is a bearish moving averages cross over and market is taking serious rejection from 200 and 20 EMAs. Market is being volatile to sideways and there are chance of a trending market as it has been trading in a very small range. Support :- 19260, 19180, 19000 Resistance :- 19360, 19460 Gap up and gap down are limiting opportunities for an intraday trader. Watch markets carefully and let market decide the trend. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty (only for min 100-300 points target)Banknifty . (Only for Experienced traders" ) Enter after " Breakout and Retracement ". . . For " long " entry: 44620 / 45120 target: 45030 - 45250 - 45760 stoploss: 44500 / 44980 . . For " Short" entry: 44410 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