Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hourly candle. Market have overstretched and is consolidating on higher levels. If the market sustains and gives a break out new highs can be seen, else market will debacle to test lower levels. The market, on the hourly time frame, has closed near 20 ema and...
Bank nifty on the daily time frame has given a grave stone doji after a dragon fly doji. Market after Gap up opening has given a selling. Initially market came for selling and consolidated in the second half of the session. After the first hour market has formed a bearish flag pole pattern. Support:- 43430, 43200 Resistance:- 43640, 43700 Bank nifty is still...
Asian Paint is trading near a good support level and crossed the 30 DEMA. At the current stage, price action is looking good to go long if it crosses above 2850 and sustains above it for 30 minutes. The risk-reward also looks favorable.
KEC given closing above ATH good volume buildig up on WCB rsi also good on WCB for educatinal purpose
both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked follow risk management do your own analysis do workout do meditation start reading book
IEX giving F&P breakout trading above all ema educatinal idea only
Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line. Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels. This stock never fails to respect the fibonacci levels. It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and...
Institutions are winding up retails money as the markets are volatile. Gap up/down are giving losses to the retails. Nifty has recovered all the losses of the previous session and has closed above the recent high of 18267. A nice bullish marubozu candle is there on the daily time frame and there are chance of nifty trading around its ATH. Nifty remained strong...
Indian market followed the global markets and has given a nice upside move after a 1000 points loss, Banknifty has given a 600 points recovery forming an inside candle on the daily time frame. Though, the market looks bullish, still banknifty is trading in a resistance zone and the previous fake out if strong will also act as a resistance. Markets opened gap up...
jeera is seemingly In overbought zones and a retracement toward the 42000-40000 zone likely rsi extremely overheated at current zones after that fresh upmove can take place a trading wise bearish move below 45k
nifty 50 trading area for next week 17800-18400 after breaking 18250 educational idea only
IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels. A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks. Stock holded the 20 ema after the break out of the moving...
Indian markets has been trading in green since last 2 months. The financial sector has outperformed as the Nifty finance is trading above 19k and Banknifty around 43k levels. Market has outstretched, finally some profit booking is coming. Banknifty has given a bearish candle on the weekly time frame as well as on the daily charts. Banknifty can retest the...
The overall market in the last month has shown some positivity. Now the index is trading around a crucial resistance zone i.e. 18180-18250. There is a possibility of a retest and formation of a double top pattern. Market has trapped some buyer as it closed above 18200 levels and the gap down took their Stop losses. In the coming week the market can give another...
The fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward. Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum. Support around 1560 - 1500. Bullish over long term. However, always keep a strict stop loss between...
LONG SOLANA Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the...
ESCORT breakingout from C&H pattern good volume,trading above 20ema q4 is pending keep on radar educatinal idea
Inverted head and shoulders breakout Target 1600 Above 200 EMA