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Moving Averages

Banknifty daily analysis for 04/08/23.Banknifty in 2 days have lost more than 1000 points and today has given a doji candle after testing 44300 levels. On the hourly charts, a bearish moving averages cross over has been formed. Banknifty has given a nice fall and can take halt for a day before giving a fall. Market now after 1000 points fall may take a halt or retest before another fall. On 15 minutes chart, there was a serious rejection from 20 ema and gave 600 point move after getting resistance from the levels. It has closed near the 20 ema. Support :- 44270, 43960 Resistance :- 44750, 45090 Today being a weekly expiry market reversed from 44300 levels and gave a up move of 230 points. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 04/08/23.Nifty on the daily charts has given a doji and closed below 20 ema. The market remained for selling from the initial hour. Due to the weekly expiry today there was buying in the closing hour and market closed below both the moving averages on the hourly charts. The market for 2 day has lost 350 points or 1.8%. Today nifty touched 19300 levels and reversed from the levels closing at 19381. On 15 minutes charts, it took rejection from 20 ema and gave a fall of around 1% from the levels. Support :-19300, 19200 Resistance :- 19420, 19550 The market has given a nice fall after consolidating and forming a bearish flag and pole pattern. Bearish or sideways market can be there. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 03/08/23.Nifty has been trading in a parallel channel and is respecting the channel on the daily charts as it has closed above the support line. On the hourly charts, after testing the 200 ema, nifty reversed and closed above 19500 levels and between both the moving averages. Market today was in a bearish trend from the moving and even after the gap down opening it continued to fall, giving a 1% bearish move on the daily charts. On 15 minutes time frame, nifty closed below both the moving average. There is a cup formation during the second half of the session. Support :- 19420, 19350 Resistance :- 19565, 19650 If nifty starts trading below 19350 levels, tomorrow being expiry gap filling trade can be seen along with retest to 19180 levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 03/08/23.Finally market has closed below 20 ema and closed below 45k levels. There is a doji candle on the daily charts after touching a low of 44750 levels. RSI is also showing bearish divergence on the higher time frame and after testing the new highs Banknifty is retesting the lows. On the hourly time frame, a tweezer bottom pattern has been formed after touching the support levels of 44750 and closed below both the moving averages. After crossing the 45100 levels market sell upto 44750 and reversed quickly and closed near 45k levels. On 15 minutes time frame, market has closed below both the moving averages and is close to 20 ema after a nice fall of 600 points. Support :-44750, 44565 Resistance :- 45100, 45310 After a 200 points gap down opening market continued to fall and if market starts trading below 44550 level, there are chance of market testing 44k levels. Tomorrow is weekly expiry and today's fall may continue. Sell on rise market is on. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 02/08/23.Nifty has given a flat closing after gap opening and remained jittery through out the trading session. There was a profit booking initially and after that neither buyers nor sellers took over and formed doji after doji. On the hourly time frame, market took support from the 20 ema and closed near the levels. Market took money of option buyers and consolidated whole day just cutting option premiums of both call and put. On 15 minute charts, it has closed above both the moving averages and has closed near to a support zone. Support :- 19720, 19650 Resistance :- 19790, 19860 Market hasn't moved either side in previous trading sessions and there are chances of market giving a nice move either side. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 02/08/23.Markets are forming inside candle and has closed flat losing only 58 points. Banknifty has been taking resistance from 50% fibonacci levels and is taking rejection from it. It is respecting the fibonacci series and is forming a bearish pattern A fall and now retest of 50% fib levels shows some bearish move prediction. For last 3 trading session market has taken option buyers into losses and sideways market cycle is on. On the hourly time frame, market has closed below the 20 ema, even after a gap up opening. On 15 minute charts, opening was above both the EMA's but it couldn't sustain above the levels and closed between them. 200 ema has been giving resitance to the market. Support :- 45500, 45310 Resistance :- 45690, 45850 Market has been trading in a range and in not giving any significant move on either side. Today's weekly expiry of Nifty Finance service was also confusing and took a lot of money from option buyers. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Ambuja Cement | Fake breakdown | Upmove before resultsAfter a breakdown below 50DMA and 200DMA stock consolidated. This formed an Inverse Flag and pole Pattern. This pattern if continued would have led to downside. But this pattern failed and now with the price disregarding Inverse flag and pole pattern trying to close above 50dma and 200dma and with MACD crossover all happening at the same time Upmove should last. Risk: Quarterly Result Coming Up. B,S,T,SL, Levels Mentioned in Chart.
NSE:AMBUJACEMLong
by kushalnit
Banknifty ( 31/07/2023 )Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 target: 45250 - 45020 stoploss: 45510 . . 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-✌️ . refer old ideas attached below
NSE:BANKNIFTY
by TheNuraTrading
2
CAPACITE : Low Risk High Reward Trade#capacite #trendingstock #bullishstock #demandsupplyzone >> Potential Risk Reward more than 1 : 4 >> Good trending stock bouncing back from Demand zone & 20 EMA >> Decent Volumes & Good strength in stock Swing Traders should focus on 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:CAPACITE
by moneyfesttrading
HSCL : Small Risk High Reward Trade#hscl #swingtrade #bullishstock #trendingstock >> Trending stock taking support of 20 EMA & bouncing back >> Risk Reward Higly Favourable in this trade >> Good Strength & Decent Volumes which can rise in coming days Swing Traders should focus on 10% profit & keep trailling Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:HSCL
by moneyfesttrading
NBCC forming Cup and Handle on weekly chart 31/07/23.NBCC is forming a Cup and handle pattern on the weekly charts and has closed above both the moving average. It has closed near the resistance zone and on the daily charts, has taken support form the 200 ema and closed above both the moving averages. 61.8% fibonacci levels also coincide with the resistance area and if the zone is cleared there are chances of stock giving 15-25% return in 3-4 months span. Daily charts is showing some rejection from the resistance zone as there are couple of long wick rejection from the levels. If stock starts trading above the resistance zone or 43.80 levels, bullish positions can be created in the stock option and stock can also be bought for short term to long term investors. Entry levels :- Above 43.8 Target :- 49.5, 53.5 Stop loss :- 42.3 The stock is trading around good buying levels and can be purchased for long term view also. Wait for the price action near the levels before entering the trade.
NSE:NBCC
by Mambotrade