Banknifty on the weekly time frame has formed a double top pattern and a spinning top doji candle. The market has closed 400 points lower after forming a new ATH. on the hourly time frame, banknifty has closed below its 20 ema and 41000 levels. Still the banking index seems to be strong as compare to the nifty index. Banknifty has given a nice recovery in the...
Jindal steel and power looks good on daily chart by the closing basis break horizontal resistance trend line and closed above on that, some days back it breaks 200 days moving average and came down with very steel fall after so many days it managed to give a close above on it's 200 days moving average so the conclusion is this that we can see a sharp rally in this...
Hello everyone, hope you're safe and doing good. Today I'm going to share my analysis on Nifty Futures based on price action + Dynamic trend lines, for the coming days in the september series. Hope it helps in your decision making while trading! As on Sep 17th 2022, here are the observations, and let's listen to what the market is trying to say: 1. Nifty formed a...
We can see stock corrected after a huge gap up where there was heavy selling that continued for some days from the past itself 75 ema has been acting as exact resistance so from now on price is over 75 ema so it will act as support so we can keep sl slightly below 75 ema or below major trend line . and we can see fromation of higher highs and higher lows and...
* Next decent support zone - 10950_11050 & 200 WMA - 11134 * Overhead Resistance zone - 12100_12210 * Below that strong support zone - 9737_9625
DJIA breached the falling trendline resistance & 50 WMA but can't hold above it, formed shooting star & evening star pattern near critical resistance and falling down. Now 29890_29400 will be next support zone where 200 WMA too converges. Below that, there is a unfilled gap zone in between 28902_28495 which may act as support.
* S&P500 is in the strong bear grip. As mentioned earlier, fell one sided from 50 WMA to the yellow trend line support, spent 2_3 weeks there with minor bounce & finally breaking down. * WCB below 3901_10 will open doors for next support zone - 3636_3675. In this case, 3636_3675 will be broken & can expect fresh 52 week low. * 3480_3510 will be next decent...
By the today's horrible move by index it's not easy to digest to anyone that it could fall more rapidly in coming sessions while it already sliced 500 points in last three to four days so I want to find out what actually happened and what could happen next so what I saw is that a bearish divergence is standing over there on the top which acted a resistance as well...
Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730...
Banknifty has touched is ATH but couldn't sustain the level. Banknifty is still strong as compare to nifty. It has given a red candle but lost only 200 points on day closing. It is trading above its 20 ema on hourly time frame and taking support around 41200 levels. On 15 minute time frame, the market has closed below its 20 ema. Banknifty has given a down side...
Nifty for the last 3 trading session has been testing the level of 18100 and huge sell off came today in the first half of the trading session. The market was unable to hold the support of 20 ema on hourly time frame and closed below it. On 15 minute analysis, the market has broken the 20 ema and took support from 200 ema. Nifty has closed below 17900 and closed...
Iex been consolidating here from a long time and we can see price has already corrected so from here it is safe to accumulate soon will move higher and we know how europe energy crisis is going on so in india upcoming energy transactions will go further .
sma 20 and 40 are showing positive crossover with strong RSI confirming trend reversal. patience testing game.
Banknifty after a gap down of 500 points has given a nice up move of around 1200-1300 points. An intraday rally of 1000+ points has now been a trending market. The market has given only on red candle on the hourly time frame and that too in the last hour of the day. There is an engulfing bullish candle on the daily time frame and the markets can give another...
MAHLOG | Highl probable trendline + 200 EMA breakout - Potential for 25% CMP : 546 (Dip : 515) SL : 470 Target : 640 1:3+ risk reward setup
Banknifty after 2 days of consolidation has given a gap up above the resistance level of 40700 The market in the second half has given a nice up move. On the hourly time frame, the market has closed above 40850 level. The market on the 15 minute time frame has taken a nice support from its 20 ema. Support :- 40670, 40550-70 Resistance :- 41000, 41290 The...
After 2 days of consolidation the nifty has given a break away gap above 18000. The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels. Nifty has consolidated in a parallel channel whole day. The market on the 15 minute time frame has respected its 20 ema and has closed above it. Support :- 18060, 18030,...
Purely Study Purpose.. long on crudeoil above 7080 - 7100 sustain on 1hr candle target = 7700 / 7900 / 8000