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Moving Averages

Nifty daily analysis for 27/06/23.Nifty is taking support around its 20 EMA on the daily charts. Banknifty is trading below the moving average but nifty is still holding the level and seems to be stronger. On the hourly chart, nifty has closed between both the moving averages and for last two trading session has been trading in a single candle range. Consolidation is there in the market and a good break out or break down can be seen. On the smaller time frame, for intraday trading, market is taking serious rejection from the 20 EMA and closed below the moving averages. Support :- 18620, 18560 Resistance :- 18760, 18890 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 27/06/23.Banknifty on the daily time frame has formed an inside candle and is still trading below 20 EMA. Market is consolidating and has traded all time in a range of 200 points. Consolidation and a good break out/down is possible. Either side momentum can be seen. In the bear trade if market start trading below 43400 levels good momentum can seen. On the hourly charts, it took rejection from the 20 EMA and bearish moving average cross over gives confidence in the trade. Support :- 43550, 43400, 43120 Resistance :- 43760-800, 44050 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty weekly analysis for last week of June (26/06/23).Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for last week of June (26/06/23).Nifty has almost touched the high and given a marabozu candle on the weekly charts. The market on the higher time frame is forming a double top pattern. Market, on the daily time frame, is taking support from the 20 EMA and has closed below the recent support level of 18680. If the fall continues, there are chances of market testing 18500 levels. In the last trading session, nifty traded inside the first hour candle and closed between both the moving averages, on hourly charts. There is a bearish moving averages cross over, on 15 minutes charts. Supports and resistances are close by and market is yet to decide the trend. June session was all in a confusion state and only last week is left. Support :- 18615, 18560 Resistance :- 18760, 18890 Nifty has consolidated in the range for 10 days. Break down will pull the markets down to lower levels and even the Global markets are showing some negativity. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
LEMONTREE for 15% (approx..) GainLEMONTREE HOTELS is showing symmetric triangle breakout and there is another reason to select that now a days India is hosting "G-20" meetings and hotel's sector is most important for these. CMP : 82 TG : 96 SL : Below 21 EMA R/R : 3 times (Risk to Reward) Stock's selection based on 5 Point Analysis : 1: Breakout. 2: Supported Volume, Delivery & VWAP. 3: 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: PE, PAT, Industry & peer PE and sector performance. 5: Entry Timing on 2 hour chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:LEMONTREELong
by SthitaprajnaYogi
4
Banknifty analysis for weekly expiry 22/06/23.Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA. Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target. A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there. On 15 minutes time frame, there is also bullish moving average cross over, and market has closed above both moving averages. Support :- 43700, 43400 Resistance :- 43910, 44050 Wait for the price action near the levels before entering the market. If Nifty breaks the ATH, there are chances of Banknifty travelling to its recent high and even form a new ATH.
NSE:BANKNIFTY
by Mambotrade
Nifty analysis for weekly expiry 22/06/23.Again the market has given a both side move. After a gap up opening market has given a fall in the first half and regain in the second half. On the daily time frame, the market has formed dragon fly doji. Previous data also shows the market has been giving gap ups while doing upward. There are chance of market following the previous data. On the hourly charts, market couldn't clear the 18865 levels and closed near the resistance zone. A cup and handle pattern formation is there, on hourly charts, and its break out can give nice market. On 15 minutes, 20 EMA is respected and market has given bounce after testing it. Support :- 18800, 18740 Resistance :- 18890 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 21/06/23.Nifty has given a nice move and closed above 18800 level. A good dragon fly doji has been given on the daily time frame. Market has been holding on the higher levels and trading above both the moving averages. Today, market tested the previous day low and bounced from the levels. On the hourly charts, the market has closed above both the moving averages. Moving averages, on 15 minutes, converged in the first half and diverged in the second half. Support :- 18770, 18670 Resistance :- 18890(ATH) Market after flat opening gave a nice downside move and in the second half gave a good up move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 21/06/23.Banknifty on the daily time frame has given a nice green candle. In the first half market has tested 43400 levels and recovered in the second half giving close above 43750 levels. Market has given a fall, breaking both the moving averages and in the second half has closed above both the moving averages. Banknifty consolidated near the 43400 levels. The was a nice bounce from the support zone. 43400 levels have been tested by the market many times, making it weak. If the market again comes to test the lower levels, there are chance of market to go down. The resistance zone and the support zone are being tested and both the levels are getting weak. There are chance of market giving a nice move either side. On 15 minutes charts, the market has closed near the 200 EMA. Support :- 43700, 43400-50 Resistance :- 43870, 44050 Both side momentum was there in the market today. There are chances of market either taking a halt or going upside, seeing the second half move. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Forex Trend Following StrategyWith the Forex trend following strategy, you can ride market waves. Here is how you can do it. The Forex Trend Following strategy is a popular approach that involves buying in uptrends and selling in downtrends. By utilizing multiple timeframes and technical indicators like moving averages and the ADX indicator, traders can identify trend direction and make well-timed entries and exits. 📊 How to read this chart? Here's a breakdown of the indicators used: 📈 Bollinger Bands: When candles breach the upper band, it signals a positive uptrend, while breaching/touching the lower band indicates a sell signal. 📉 RSI (60,40): RSI above 60 suggests an uptrend, while below 40 indicates a downtrend in the markets. 📊 Trend Following with Moving Averages: This indicator helps identify market trends by analyzing moving averages. ⚡️ ADX Indicator: ADX measures trend strength. Higher ADX values indicate stronger market movements. Combine these indicators with technical analysis for a comprehensive market analysis. Remember, more similar signals from indicators strengthen the market movement. This strategy capitalizes on the power of trends, allowing traders to ride the waves of market momentum and capture profits along the way. With disciplined risk management and a patient mindset, traders can navigate the forex market with confidence, leveraging the potential of sustained trends. So, gear up, embrace the trend, and ride the waves of forex trading with the Forex Trend Following strategy. We have also covered the Halftrend strategy if you haven't read you can read it from here. In the next idea, we’ll cover Forex Trendline trading, till then how about you follow Dhan for more such trading ideas. Happy Trading!
by Dhan
Banknifty daily analysis for 20/06/23.Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels. Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts. A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels, there are chance of a huge sell off as next support level is around 43100. On 15 minutes chart, market may give a break out of a Head and shoulder pattern above 43700. Support :- 43500, 43400-50, 43115 Resistance :- 43720, 43860 The market on the daily charts has been trading in the same range for 3 days and has closed below 20 EMA. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 20/06/23.Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts. There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700. On 15 minutes chart, market is trading between both the moving averages. Market has closed below the support zone of 18770 levels. The markets are creating confusion near the higher levels. Support :- 18680, 18570 Resistance :- 18770, 18890 Market will be trending only when the trend is decided. The market in the second half has given losses to the option buyers due to time decay. Wait for the price action near the price levels before entering the market.
NSE:NIFTY
by Mambotrade