Banknifty has formed an inside candle and a dragon fly doji on the weekly charts. It has been trading in a range and can give a trending market in the coming week. There is a doji on the daily charts as well which show a confusion in the market. Banknifty has closed near the 20 ema and support zone. On the hourly charts, the market has consolidated and closed...
Again nifty has formed a doji candle on the weekly charts. It is taking support from the 20 ema and 50% fibonacci levels. On the daily charts, there is a evening star pattern formation and the market has closed below the 20 Dma. The global markets have shown some recovery. Indian market is still in a confusion state and the trend in not certain. Let the market...
Trend line breakout and 50 Ema break out Buy on dip Keep sl below 480 Target 560 , 600
Banknifty remained in a volatile mode and traded in a range on just 250 points. It has been constantly facing resistance from the 20 ema and today also it tested the level. The market has formed an inside candle and closed 130 points lower. Banknifty is trading in a parallel channel and consolidating beautifully in the zone. On the hourly charts, the market...
Being weekly expiry the market remained sideways and there was option premium decay. The market has formed a doji and an inside candle on the daily time frame. It took support from the 20 ema and closed losing 50 points. In the second half the market consolidated and constantly tested the 200 ema of hourly charts and closed between both the moving...
Banknifty has been taking a rejection from the 20 DMA and today it also took resistance from the level. The market has taken support from the support level and formed a flag and pole pattern. On the hourly charts, the market has closed between both the moving averages. There is a bullish moving average crossover, on 15 minutes chart, and closed near the 20...
Nifty on the daily time frame has given a nice bullish candle and closed above the 20 ema. The market in the second half has consolidated and can give a nice trending market if it breaks out of the box. On the hourly chart, there is a flag and pole pattern and closed above both the moving averages. There is a RSI divergence, on 15 minutes chart, which shows...
Banknifty again tested the 42k levels and regained some points, giving a close around 42200 level. The market opened some points higher and took support from the hourly 20 ema. In the second half the support and moving average was broken and market tested the support level of 41950. Index has formed a doji and closed almost flat, just wiping off option...
Nifty on the daily time frame has given a green candle closing 150 points higher. The market has finally closed above 18k level and near 20 ema. On the hourly time frame, the market has closed between both the moving averages and has formed a higher high higher low pattern. The market in the last hour broke above the level and closed above it. If the market...
Banknifty for last 6 trading session in trading in 800 points range. The market is consolidating and a nice trend market can be on wednesday or thursday. The market has been taking resistance from 42700 levels constantly and if the market breaks above the level, 42900 level can be achieved in intraday movement. Today market has tested the 20 Dma and might test...
Nifty is taking a serious rejection from 18030 levels and today also Nifty tried to cross above the level but there was rejection from the first 15 minutes candle. The market took support around our levels of 17860-70 giving aa nice movement of 50-60 points and in the end closed near the support level. On the hourly charts, market has formed an inside candle and...
Hcltech given breakout from parrelel channel trading above 20ema immediate target can be 1120 educational idea only
Nifty on the weekly time frame, has given a neutral doji and closed gaining 100 points. The index has taken a good support around 17800 levels and during the last trading session closed near 17950 leves. Though the market has been trading between both the moving averages, on daily charts but there is some positivity in the weekly close. On the hourly charts,...
Banknifty on the weekly charts has formed a doji and has respected the weekly fib levels too. The market remained for selling whole week and in the last session closed gaining 290 points. The market for 3 days has been forming dragon fly dojis but still trading below 20 DMA. On the hourly charts, the market has crossed the 20 ema and closed between both the...
Banknifty has given 2 dragon fly dojis and if the market start trading above 42300 levels, nice movement can be captured. The market on the hourly time frame, has closed below 61.8% fibonacci level but between both the moving averages. The market took support around the 41750 levels and closed near 42100 losing 150 points. On the 15 minutes chart, market gave...
Nifty on the daily time frame has given another doji after retesting the support level of 17800. The market has tested the weekly 50% fib level(i.e. 17820) many times. Tomorrow if the market closed below it, on weekly time frame it will close below fib level and test 17660 levels. On the hourly time frame the market, remained volatile closed near the resistance...
Previously the stock made a CUP & HANDLE pattern in daily timeframe. It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high. Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity. For added confluence 1. RSI is below 40 (which will fall a bit...
NIFTY ON 11-01-2023 Despite being a range bound trading session it was a day full of volatility. Bears succeeded to tighten their grip as Bulls failed to reclaim 18000 during intraday. This increased selling pressure which dragged Index towards the crucial 17800 in the first 15 minutes of session. However, a sharp recovery from this level was observed towards...