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Moving Averages

Banknifty daily analysis for 01/06/23 (weekly expiry).Banknifty tried to gain some point in the last hour of the trading session and has formed a dragon fly doji on the daily chart. It closed above the 44100 levels. On the hourly time frame, the market has started trading below the 20 ema and took resistance from it. The market gave break down of 44250 levels and has retested the same levels. Support :- 43835, 43400 Resistance :- 44250, 44450 The market has consolidated, gave a break down and has also retested it. If the market starts trading below 44k levels it can test lower levels too. wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 01/06/22 (weekly expiry).Nifty has fallen in the first half of the trading session and tried to recover some points in the second half. Market on the daily chart has given a dragon fly doji and closed above 18500 levels. The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced rejection from the moving average. There was a gap filling trade and nifty has filled the gap completely and took support around the same level. Support :- 18490, 18450 Resistance :- 18580, 18690 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Lincoln Pharmaceuticals Ltd - looks goodThis stock has formed a pattern called Continuation Diamond ( Bullish ), providing a target price for the long-term in the range of 420.00 to 499.00. What is continuation diamond pattern? A continuation diamond pattern is a bullish technical analysis pattern that typically occurs in the middle of an uptrend. This pattern is formed when the price of an asset creates a diamond shape as it consolidates before resuming its upward trend. How To identify a continuation diamond pattern, traders look for the following characteristics: The price of the asset is in an uptrend. The price forms a diamond shape with decreasing highs and increasing lows. The diamond pattern is formed within a relatively tight trading range. The trading volume decreases as the pattern develops. Once traders identify a continuation diamond pattern, they may look to enter a long position as the price breaks out of the pattern and resumes its uptrend. Traders may also set stop-loss orders below the pattern to limit their risk. It's important to note that not all continuation diamond patterns lead to bullish breakouts. Traders should always use other technical indicators and fundamental analysis to confirm the potential trend reversal. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
L
by hardeepssethi
Banknifty daily analysis for 31/05/23Banknifty has been holding itself at the ATH and has formed a range of 200 points in which its trading. The market has gained some points during the last hour of the session and has closed above 44400 levels. The market is taking resistance around the round number figure of 44500. On the hourly time frame, the market has been trading above the 20 ema. Banknifty in the last hour has crossed the day high and closed above it. There are chance of market forming new high as the market is sustaining at the high and has created a break away gap. If the market starts trading below the 44250 levels it can test 44000 levels. Support :- 44260, 44120 Resistance :- 44500 For futher resistance round number figure can be taken. Wait for the price action near the price level before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 31/05/23.For the last two trading session, nifty has been trading in a similar range and has formed dojis. Though banknifty has been trading new ATH, nifty is unable to capture the previous high. On the hourly time frame, the market has traded inside the first candle and is taking support around 18600 levels. If the markets break down, gap fill trade can be taken. On the upper side there is a resistance zone and its break out can be traded with a target of previous high. On 15 minute chart, the market is jittery and is trading around the 20 ema. Support :- 18580, 18450 Resistance :- 18690, 18870 Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
Banknifty weekly analysis for 29/05/23.Banknifty has been trading in a range and has closed near the resistance level. Market has formed a dragon fly doji and if the market crosses above the resistance levels nice upside movement can be seen in the coming week. For last 2 weeks market has been consolidating in a 600 points range and taking support from the 20 ema on the daily charts. In the coming weeks, banknifty can form new ATH. Support :- 43450, 42820 Resistance :- 44120-45 The markets are trading near the ATH. If the markets start trading above the high 44500 and 45000 levels can act as the resistance. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty 50 view for next week 29/05/23.Nifty on the weekly time frame has given a nice bullish candle and has closed above the resistance zone. It has consolidated for 2 week in the range and has given a break out. The market has formed a good bullish pattern on the daily time frame as it has taken a support from the 61.8 fib level. The market has been taking support from the 20 ema. On the hourly chart, market has remained bullish in the last trading session. Bullish entry can be initiated if the market sustains above 18450 levels. Support :- 18450, 18280, 18090 Resistance :- 18680-700, 18870 Positional and swing trades can be initiated once the market retest the resistance zone. Wait for the price action near the levels before entering the levels.
NSE:NIFTY
by Mambotrade
Nifty 50 Price break 15 minutes 200 Ma Break and our entry trigger and target would be next support and if first support break than target would be second major support level and risk/reward would 1/2.95 There are two target first would be minor support level and second target would be major level support in 15 minutes time frame. First price break good level resistance and than price break 15 minutes 200 Moving average and retest it and our entry trigger and target would be At least 1/2 or 1/1.5 minimum.
NSE:NIFTY
by divyang2312
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