BANKNIFTY The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so I tried to find out some key levels of supports on both parameters below PRICE ACTION SUPPORTS-: Support 1- 41856 Support 2- 40855 Support 3- 39690 MOVING AVERAGES SUPPORTS-: EMA 20- 43068 Status Breached EMA 50- 42153...
Nifty The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so i tried to find out some key levels of supports on both parameters below PRICE ACTION SUPPORTS-: Support 1- 18127 Support 2- 17850 Support 3- 17384 MOVING AVERAGES SUPPORTS-: EMA 20- 18403 Status Breached EMA 50- 18188 Status...
Nifty has been trading below 20 DMA and has tested 18100 levels. The index has taken a support from 38.6% fibonnaci levels and has closed above it. On the hourly time frame, the market is retested the 20 ema at the opening and there was a sell off taking support around 18100 levels. There is a sell off in the market and closed below both the moving averages, on...
Banknifty on the daily time frame has starting closing below 20 ema and closed 200 points lower. There is a bearish moving average crossover on hourly time frame and took support around 42200. Global market showed some strenght but Indian markets were on the other side. On 15 minute time frame, the market tried to cross the 20 ema but couldn't sustain above...
NSE:HDFCAMC Good breakout above resistance zone with good volumes. Has also broken above R1 today too. Trading above all key MAs (20,50,100,200) Keeping a target at R3, which is also another potential supply zone, with an SL below the breakout candle's low gives a 1:1 RR trade if taken at current rates. Any entry on pullbacks will be even better in terms of RR.
NSE:HINDUNILVR Potential breakout occuring in Hindustan Unilever Broad based buying seen across consumer stocks. (Check Dabur, Godrej CP). Trading above key MAs, trying to break above resistance zone. Already broken above previous high, good volume activity. Can be a good long trade. Target R1 / R2 based on monthly pivots, the R:R stands at 1:1 and 1:2...
Nifty on the daily time frame has given a bearish engulfing candle engulfing three previous candles and closed 186 points lower. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, there is a bearish moving averages cross over and a nice trending market was seen today. Not a...
Banknifty on the daily time frame has given a bearish engulfing candle and closed 740 points lower breaking the 20 ema. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, the market broke the 200 ema, gave a retest and closed below both the moving averages. The global market...
BERGER PAINTS FORMED a symmetrical triangle pattern in weekly time frame and ready for breakout from supply zone. take entry after berger paints closes above the price of 615 in weekly time frame. we are waiting for 18-20% return.
BATAINDIA | Beautiful setup in weekly time frame - Looks potential for 45-50% 200 EMA + Channel / Trendline support CMP : 1640 SL : 1450 Target : 2400 1:4 risk reward setup
Banknifty on the daily time frame has tested the 20 ema and hasn't closed below it. There is a dragon fly doji on daily time frame and 55 points lower. On the hourly time frame, the market tested 43000 level and in the closing hour of the session gave a nice bullish candle closing above both the moving averages. The market, on the 15 minute time frame, has...
After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower. On the hourly time frame, the market gained some momentum closing above both the moving averages. The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level. On 15 minute...
NTPC LOOK GOOD in near term for buying and form symmetrical triangle pattern in ONE DAY time frame. stock is ready for breakout from triangle and we are expecting 10 point or 6-7% return in few days and keep hard stoploss on 167.
Banknifty on the daily time frame has given a dragon fly doji and on the smaller time frame there is a cup and handle pattern. The market has closed near the resistance zone and 20 ema on hourly time frame. Banknifty has tested the 43440 levels many times and if the market start trading above this level, it can test recent highs. On 15 minute time frame, the...
Nifty is showing some signs of recovery and has formed a strong bullish candle. The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages. Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high. On 15 minute...
STLTECH | Small triangle breakout - Looks potential for 25-30% (First target) CMP : 188 (Dip : 180) SL : 165 Target : 235, 300 1:4 risk reward setup (1st target)
Nifty on the weekly time frame has given a gravestone doji losing 220 points. The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250. On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover. The market has given a nice...
Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels. The markets has been in a bull move and this can be a retracement before another bull leg. On the daily time frame, the marekt has tested its 20 ema and closed above it. As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels. The...