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Moving Averages

Banknifty analysis for 20/08/24.A flag and pole pattern formation is there on the charts. While market is trading around the resistance zone of the range. If there is a break out of the Flag, wait for the market to clear the resistance levels. A scalp can be made for small targets but intraday position should be initiated only once the upper levels are cleared. Moving average gate is being formed acting as a support for the market. Levels are marked on the charts. Trade only the markets not the emotions. Wait for the price action near the levels before entering the markets .
NSE:BANKNIFTY
by Mambotrade
FinNIfty weekly expiry analysis for 20/08/2024.FinNifty is constantly testing the 20 ema and today also, it opened above the moving average but couldn't sustain the levels and closed below it. It has been trading in a range and is around the upper levels of the range. If there is a gap up opening around 23000 levels, there are chance of market reacting to the round number levels. And bullish entry can only be tested once the market makes a reversal after a profit booking on the levels. In case of a gap down opening below today's low, a bearish trade can be entered with target around the support zone of 22800. The market on the smaller time frame is forming a flag and pole pattern. It seems a bullish pattern and its break out can be traded. Major support levels :- 22825, 22655 Resistance levels :=- 23070, 23150 In any case break out of 23150 level can lead to a gap filling trade upto 23300 levels. Tomorrow is the weekly expiry and a break out after 2 O'clock can sustain. Wait for the price action near the levels before entering the markets.
NSE:CNXFINANCE
by Mambotrade
Barbeque NationTechnical Analysis: Over the past year, the stock has maintained stability without experiencing any significant price dips. Notably, the price has been trading close to the 21-day Exponential Moving Average (EMA), while gaining solid buyer momentum on the weekly chart. Buyer momentum on the monthly chart also appears positive, reinforcing the overall bullish sentiment. Additionally, trading volumes show a marked increase in buyer interest compared to previous years. Key Resistance Levels: Three resistance levels have been identified. A breakout and sustained movement above the first resistance level (R1) will be crucial in signaling stronger upward momentum in the years ahead. Potential Risks: The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the index and geopolitical tensions, such as the ongoing conflict between Israel and Iran. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:BARBEQUELong
by sandeepbalachandran
Asian Paints - Range Bound StrategyCMP - 3048 TGT - 3582 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade. Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
NSE:ASIANPAINT
by Imran_I_Ahmed
Banknifty weekly expiry analysis for 14/08/2024.Banknifty has closed below the 50k mark and is looking bearish on the daily charts. It is trading around the 100 ema on daily time frame, which shows some bearishness in the markets. If the market starts trading below today's low, there are chances of it testing the recent low around 49650. MA strategy and the price action both are signifying some bearish movement in the market. Hourly charts are trading below the moving averages. A bearish market will be confirmed if the market starts breaching the support levels, after a flat or slight gap up opneing. If there is a follow through candle in the market, there are chance of testing 49k levels soon. Major support levels :- 49670, 49400 Resistance levels :- 50000, 50250 Tomorrow is expiry and vix is around 16 which is good for option buyers Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by Mambotrade
Nifty50 weekly expiry analysis for14/08/24.Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels. Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level. Even on the smaller time frame, market is trading below the moving averages, which signifies a bearish market. Fibonnaci and the price action are also looking bearish on the daily charts. Tomorrow is the weekly expiry for both the indices and a chance of seeing a follow through candle are there, if there is a flat to slight gap up opening (around 24150-180). A huge gap up will create confusion and market may form a doji candle. Major support levels :- 24090, 24000, 24910 Resistance levels :- 24225, 24320 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
FinNifty weekly expiry analysis for 13/08/24.FinNifty is trading around the round number figure of 23k and has taken resistance from 61.8% fib levels. There is a down trend confirmation in the market and sell on rise is the market cycle. For last two trading sessions market has been trading between 20 and 50 ema. If market starts trading below 22800 levels, 22600 shorting target can be achieved and further is can test the recent low fo 22480. There is not much movement or follow through after the bullish candle and the last hour fall show there are chance of market going for selling. In case of a gap up opening, the market can go for a gap filling trade upto 22350. Major support levels :- 22960, 22820 Resistance levels :- 23160, 23233 Watch for the VIX and price action near the levels before entering the markets.
NSE:CNXFINANCE
by Mambotrade
Laxmi Organic IndusTechnical Analysis Overview : The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified. Positive Indicators : 1. Strong Buyer Momentum : The MACD on both the weekly and monthly charts indicates robust buyer support, suggesting positive momentum in the stock’s price movement. 2. Price Stability Relative to the 21 EMA : On the monthly chart, the stock price has remained relatively close to the 21-day Exponential Moving Average (EMA), which aligns with the positive signals observed in the MACD. This suggests that the stock's upward trend is sustainable and supported by underlying momentum. Potential Risks : The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions, such as the ongoing conflict between Israel and Iran. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:LXCHEMLong
by sandeepbalachandran