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Moving Averages

Relaxo : RELAX by going Long on it!!!*Observation in Weekly TF* RSI : Above 60 (In Momentum) MACD : Above Zero line and uptick BB: Upside Challenged EMA 50 : Price is roaming around EMA 50 *Observation in Daily TF* RSI : Above 60 (In Momentum). MACD : Toggled near Zero Line and crossover done. BB: Bollinger Upside challenged after getting squezzed. EMA 50 : Price > Closed above EMA 50. Points to be considered for BULL RUN 1.) Flag and Pole Breakout in Daily TF with heavy volume breakout. 2.) Can be Golden crossover of EMA 50 & EMA 200. Internal Wave 3 of Major Impluse Wave 5 has started. One can go long on Re-test point and as per own risk -reward ratio. Target : 1035 Entry : Around 920-930 SL : Strict SL 893
NSE:RELAXOLong
by njainender
Nifty heading for 20k. Daily analysis for 18/07/23Nifty has given a break out of the parallel channel and is ready to touch 20k levels soon. Bullish trades for positional trade in august series can be carried now. Index from the first hour was in the bullish move and carried the momentum through out the day and gave a nice move in the closing hour of the market. Nifty has given a 146 points gain in a day and a flag and pole pattern break out can give nice rally.' Support :- 19660, 17520 Resistance :- 19875(fib level) DJI is also trading around the resistance levels and can give a break out today. The break out of the resistance levels can help Indian market touch new highs. Watch the global markets in the morning as trend can be confirmed. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty set for a great bullish move (18/07/23).A good bullish trend has started in the markets and banknifty has gained 600+ points on the daily charts. The market has crossed and closed above the previous close high of 45420 levels. On the hourly charts, there was a 470 points move in the last hour. Banknifty looks bullish and final there is a break out of the trend line. There is a bullish moving averages cross over, on 15 minutes time frame. Support :- 45420, 45240 Resistance :- 45655(ATH), 46000(fib level) A nice 50% fibonacci level retracement was done and now the market is set for another bull leg. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Triangle break out in Tata Steel 17/07/23.Tata steel is taking resistance from a trend line after forming a ATH in 2021 and the resistance line has been tested 4-5 time and finally it is near a break out. The stock took support from 20 ema on the weekly charts and has formed 'W' pattern. As the markets are trading and forming new highs. Stocks will also follow the same. Watch the metal sector move and the stock too. Metal sector is trading around 21400 levels giving 3.25% or 680 points move in a week. The index and stock both are in green and if the sector remains bullish the stock can give good bullish targets. On daily time frame, there is a triangle break out and a bullish moving average cross over. Entry :- Above 117.5 Targets :- 124, 130 Let the stock cross and start trading above the entry level. Long term investors can accumulate the stock for 15-20% return. Positional stock positions can be initiated and option traders can form a hegde in August series and trail there stop losses. Swing positions for a 5% move can be initiated as probability of bullish move is there in the stock. Wait for the price action near the levels before entering.
NSE:TATASTEELLong
by Mambotrade
Banknifty weekly analysis for 17/07/23.Banknifty has almost retraced to 50% fibonacci levels and taken support from 20 DMA. There is a doji again on the weekly charts and is respecting a support zone around 44600 levels. On the daily charts, a dragon fly doji was formed. Banknifty has respected the moving average and took a nice reversal from 20 ema. Market from the first hour was there for selling and in the last hour after hitting the support zone reversed and closed 150 points higher. Nifty is trading stronger and is forming new highs but banknifty still trading below 45k levels. On the hourly charts, there is a confusion as its trading around the 20 ema and no clear trend is there. Once there is a break out of the trendline and both indices support each other, banknifty can test 46k levels soon. Support :- 44600, 44400 Resistance :- 44920, 45070 As per nifty market are looking bullish and even the global sentiments are suggesting a bull market. Banknifty can give good targets in the coming week. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 17/07/23.Nifty on the weekly chart has given a nice bullish candle and almost touched 19600 levels. Market has consolidated and now closed above the resistance zone. A good bullish move is going on in nifty but banknifty is not support it to go higher. On the daily charts, the market has crossed and sustained above the resistance zone around 19525 levels. Flag and pole pattern in also there and if the market follow as per the theory 20k levels can be seen within july expiry. On the hourly chart, the market has closed above the 20 ema and is respecting a support trendlien. It is forming new high everyday and was not holding the highs but in the last session it has closed near the ATH and can continue to reach another round number figure of 20k. Support :- 19520, 19330, 19240 Resistance :- 19670, 19875 (*Extended fibonacci retracement is used to find the resistance levels). The market has travelled, consolidated and now given a break out. There are chance of market continuing the move as the last trading session closing suggest. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Clear Flag and pole pattern in Ramco Cement.Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over. Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target. Indian markets are trading near the ATH and stock will follow the indices. On the daily time frame, the stock is respecting the 20 EMA and is taking good support from it. RSI indicator is showing some negative divergence and is around 50 levels. Entry :- Above 950 Target :- 1037, 1090 Swing and positional trades can be initiated in the stock. Even short term stock purchase can also be created in the stock. Wait for the market to show some break out as there is a bullish pattern formation.
NSE:RAMCOCEM
by Mambotrade
Banknifty daily analysis for 14/07/23.Market today has closed flat. In the morning even after a gap up market tried to cross and sustain above 45k levels but couldn't sustain and there was a sell off in the second half given nice sell opportunity. Option premium on the PE side gained almost 200%. Today was option buyers day and a trending market in the second half. Banknifty lost around 500 points from the day high and started closing below 44700 level (previous support). On the hourly charts, market are unable to sustain above 20 ema. On the smaller time frame, moving averages close enough and are converging and diverging. There is a bearish move in the banknifty as it is not crossing the previous high and lower high lower low formation is going on. Support :- 44610, 44450 Resistance :- 44780, 45060 While moving up market has formed many gaps and it is filling it slowly. If the market start trading below 44600 levels, 44500 levels will be tested. Buyer and seller are still in confusion where to take the market. Let there be a trend and follow it. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 14/07/23.Indian market are forming new ATH but are unable to sustain at the higher levels. On the daily time frame, the market has formed a red candle at the higher levels and is still respecting 19400 levels. Market opened gap up and gained an up side momentum in the initial hour. The market consolidated on the higher levels and there was a sell in the second half losing 150 points from day high. On the hourly charts, market is not closing above the 20 ema. Though, the market tried to hold the upper level but seller took charge and a trending market was there. Nifty is respecting a trend line and today also took support from it and recover. Support :- 19400, 19320 Resistance :- 19520-560 New All Time High has been formed but still market trend is vague. If market start trading below the trend line or above the previous day high, a trending market can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 13/07/23 (weekly analysis).Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed between both the moving averages. The last hour candle has given some negative movement but is still following a trend line. There is a bearish moving averages cross over, on 15 minutes charts, and has constantly taken rejection from the 20o ema. Support :- 44450, 44210 Resistance :-44750-70, 44925 If there is a gap up and market continues to move up and continues to move up, there are chances of break out of the parallel channel which market is following. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 13/07/23 (weekly expiry).Nifty is unable to cross above the high and has given a nice selling candle in the last hour. The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400. On the hourly charts, market traded around the 20 ema and closed below it. Either side market is not giving any trend and option traders during the first and the last hour might have gained some points, else they might have given the stop losses. On 15 minutes time frame, the market has closed between both the moving averages. And has given a down trend formation. Support :- 19300, 19250 Resistance :- 19400, 19500 Tomorrow is weekly expiry and market has given trend moves both side in this week. Watch for the move and huge points can be capture if there is a fall. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 12/07/23.Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and travelled lower touching 44660 levels. On the hourly charts, market has closed below the 20 ema and the huge red candles shows some weakness in the finance market. Support :- 44700, 44450 Resistance :- 44925, 45120 Market has formed resistances near by and the supports are still away to be tested. If the market start trading below 44700 levels, it can give 44500 as a target Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 12/07/23.Nifty has again faced a rejection from the higher levels. Though, nifty closed 80 points higher after a gap up and has formed a gravestone doji on the daily charts. Markets are respecting the higher levels and couldn't convincingly create new highs. The market is missing on the buying or selling momentum and has been consolidating near the highs. On the hourly charts, the market crossed the 20 ema and during the closing has closed near it. There was trend in the both halfs. In the first half it travelled to the high and in the second high gave away the gains on the first half. Support :- 19420, 19300-30 Resistance :- 19520-30 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Deepak Nitrite – Candlestick AnalysisThe chart depicts the beautiful set up for investment / trade opportunity. Recently stock has given a breakout and retested that level with Doji , follows up with Morning Star and Three White Soldier . The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock. Weekly Chart From April’23, the stock in uptrend and given a descending triangle breakout with bullish effulging candle . Trade/Investment Set Up Entry above Rs 2180 ; Short term target – Rs 2320; 3months target – 24 % ; Stop Loss – below support trendline in weekly chart Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:DEEPAKNTRLong
by Indieconomic