Get started

Moving Averages

Nifty daily analysis for 11/07/23.Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute charts, market constantly traded around the 20 ema and ruined the option buyers. Support :- 19330, 19240 Resistance :- 19430, 19500 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 10/07/23.Banknifty in the last trading session has started trading below 45000 levels and closed below it. It has formed a gravestone doji on the weekly charts and broke the recent support level around 45050 levels. Market consolidated on the higher levels and has given a break down. If the market are there for a healthy retracement, it will reverse after testing 44400-44600 levels. Though, the index was weak as compare to another index and has closed 415 points lower in the last trading session. On the hourly time frame, the market has started trading below the 20 ema and gave a retest of the level taking rejection from the same. Support :- 44860, 44710, 44450 Resistance :- 45050, 45210 The supports are nearby and the markets are here for retracement. Use fibonacci to find the reversal levels. RSI indicator is showing some negative sentiment as there is a bearish divergence. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 10/07/23.Nifty has been holding the highs for long. But during the last trading session market has given a bearish engulfing candle and formed a gravestone doji on the weekly time frame. The market has given a red candle and closed 165 points lower. Profit booking and retest was required and market has retraced to 23.6% fibonacci levels. On the hourly charts, the market has started trading below the 20 ema and closed below the levels. During the last hour, market has retested the moving average and the zone. Candle formed on the daily and weekly charts show some short term negative move and the global markets are also in the same mood. Many gaps are pending as the market has travelled gap up after gap up. Support :- 19315, 19240, 19185 Resistance :- 19420, 19500 The supports are near by and market can reverse from it. Take small targets in the bearish trade or opt for partial profit booking. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
JSW steel| 2 year resistance zone breakout with inverted H&S.JSW steel has been respecting a resistance zone around 780 levels from May 2021 and has finally given a break out. Is stock going to carry the bullish movement or break out is fake out?? The stock has given a close above the levels on the weekly time frame and at the same time the gravestone doji is creating a confusion of stock gaining some positive momentum. On the weekly charts, a clear inverted Head and shoulder pattern is there. It has been consolidating for last 3 weeks at the higher levels. A 'W' pattern is also there. But the RSI indicator is losing strength as there is a bearish divergence in the stock. The daily charts has respected the 20 ema and is consolidating in a box above the resistance zone. The stock is taking a halt at the higher levels. The chances of a retest is high as the indicator predicts. It can be bought at the lower levels for a 20-25% ROI in 3-4 months. Buying levels :- 773-780, 810 Target :- 970-1000 Time frame :- 3-4 months. The stock has respected the zone many times and given a break out. It will retest the zone as there are multiple confluence i.e. fibonacci levels, fixed range volume profile, moving average. Wait for the stock to retest and form a price action near the levels.
NSE:JSWSTEEL
by Mambotrade
Banknifty daily analysis for 07/07/23.Banknifty on the daily time frame has consolidated in a range for 2-3 days and was volatile in the second half of the trading session. The market has given a bullish candle at the closing and closed 190 points higher. On hourly charts, market opened below the 20 ema but reversed and started trading above it. Even on 15 minute time frame, the market closed above the 20 ema and took support fromt the levels. Support :- 45020, 44780 Resistance :- 45360 Being the expiry there was not a trend move on the either side. Market is wait for another big move as it is consolidating. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 07/07/23.Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500. The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points. Market is moving in a good bullish cycle of consolidation and breakout. On 15 minute time frame, nifty is taking support from the 20 ema. Being the expiry, the last hour move gave nice profits to the option buyer . Support :- 19460, 19410 No serious resistance is there on the upper side as market is making new ATH and the supports are near by. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 06/07/23.Banknifty has been forming doji after doji. Market opened 160 points lower and during the first trading hour travelled both side and forming doji. On the hourly charts, market took support from the 20 EMA and closed above the levels. The market traded inside the first hour candle and consolidated whole day. The markets is holding the higher levels and is in a sideways mode. Banknifty remained inside 200 points after the first hour volatility. On 15 minutes time frame, the market traded around the 20 ema and took resistance from the levels. It closed near the levels. Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 06/07/23.Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price. The market has consolidated whole day and remained in a range of 100 points. On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move. Even on the smaller time frame, the market traded around the 20 ema and closed just above it. Support :- 19330, 19260 Resistance :- 19410 The market is consolidating and has remaine in a range for 2 trading days. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 05/07/23.Banknifty has formed a perfect doji on the daily time frame and has closed 150 points higher. On the hourly time frame, the market was volatile in the second half. A single hour candle tested 45650 levels and closed around 45300 levels. On 15 minutes charts, market closed below the 20 EMA in the morning hour but came back proving it a fake down. And finally has closed below the moving average . Support :- 45020, 44780 Resistance :- 45360 Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 05/07/23.Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji. The market has closed gaining 66 points and has consolidated whole day, closing near the opening price. On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour. Nifty has been respecting the 20 EMA, on 15 minutes chart, and has closed around the levels. The market has given nice up side movement and a healthy retracement is pending. Support :- 19330, 19250 Resistance :- 19410 Nifty is volatile now and is holding on the higher levels. If the market comes for retracement, intraday sell opportunity can be taken with small target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty50 positional analysis Nifty the benchmark is currently placed at 38.2% retracement along with 20 ema on the weekly chart! The 17500-17550 zone has multiple moving average clusters . the trend is still strongly in favor of bulls the index is placed at trendline support too. the major concern: the open = high candle formed due to poor infy results is a pain point. talking about levels: Support for the index comes at 17550 followed by 17220-200 while resistance is placed at 17870 and 18130 zones with earning season on, expect a surprise on the cards!!
NSE:NIFTY
by pratik2358
Banknifty daily analysis for 04/07/23.Banknifty has finally crossed and sustained above 45000 levels and has been giving gap up after gap up for last few trading session. The market gained some momentum in the first hour and has consolidated whole day after it, remaining in the first hour candle itself. India VIX is trading around 10-11 which is helping markets to travel new high. It is also effecting the option premium as premium are moving slowly making is difficult for intraday traders to book good profits. On 15 minute charts, the market took support from the 20 ema and has closed near it. Support:- 45100, 44780 Resistance :- 45350 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 04/07/23.For the last 4 trading session, market has been giving gap up and showing positive momentum. On the daily charts, market again has given 130 points move. The market remained in the first hour candle and gave close near the day high. There are less opportunity for intraday traders as the gap up take away the move. The time is for the positional and swing traders. On 15 minutes chart, nifty took support from the 20 ema and formed a box consolidation. Support :- 19260, 19000 Resistance :- 19340 Market are moving in the first half and is consolidating in the last. Small target should be taken as big move are difficult after a gap up. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 03/07/23.A bullish candle on the weekly time frame, show some positivity in the indian markets and the indices are forming new ATH. Banknifty has given a nice movement and closed n around 44750 levels. It has been giving gap up and momentum after even the gap up. On daily charts, market has crossed the 20 ema and given nice momentum of 1100+ points in previous week. The market will follow the up move and can give another 1500-2000 points moves in coming days. India VIX is still trading around 10 points. If the volatility increases then there are chance of a retest. Watch the VIX and let market create a new ATH as a benchmark. Support :- 44650, 44500 Resistance :- 44800, 45000 (fib levels). Extended fibonacci is taken for finding the resistance levels. Watch for the market to take a dip. Buy on dip is the current scenario of the market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 03/07/23.Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle. Market has been continuously giving gap up and movement for 3-4 days. There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH. It can give momentum to touch 19500-700 levels. Bullish movement is market is giving good returns and can continue to touch higher highs. Market is in the bullish movement and is making higher high and higher low formation. A perfect bullish cycle is on. Support :- 19000, 18890 Resistance :- 19280 (fib levels). The market are moving in bullish move and no actual resistance is there in the charts. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade