Stock printed a green bullish candle in weekly chart right at the confluence of 61.8%, channel parallel, 200 W MA and strong S&R........ Note: since overall market is bearish, do not expect big bullish moves immediately....
Banknifty has formed an engulfing candle. It remained in bull trend after and initial gap down and gained 500+ points from days low. On hourly analysis the markets remained in a uptrend and closed above 33500. On 15 minute time frame, the moving averages are close and it has closed above the EMAs Support:- 33520, 33210 Resistance:- 33750, 33970-34000 Wait for...
The markets are jittery and trend is still not defined. Nifty filled the gap created by the gap down and remained in a bullish trend for the day. Nifty has formed an inverted hammer candle on daily analysis. On a smaller time frame the market closed above its 20 and 200 ema. Support:- 15690, 15625 Resistance:- 15850, 15780, 15920 Wait for the price action...
Banknifty Intraday Levels... Trend : Bullish Sentiment : Positive Expectation : Bullish but Reversal may happen Expecting Banknifty to Open Flat / Small Gap up around Sell Rev zone, If any rejection around Sell Reversal zone we can go short and target is Bear BO and WPP Any breakout above Sell Reversal level, look for buying opportunity. Refer the chart for...
Nifty Intraday Levels... Trend : Bullish Sentiment : Negative Expectation : Bearish Continuation Expecting Nifty to Open Flat / Small Gap up around CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Bear BO and WPP Any breakout above R1 / Bull BO level, look for buying opportunity. Refer the chart for detailed Intraday Support...
Banknifty on a monthly candle has closed below its 20 ema and has fallen 5.8% on month to month. Still Banknifty couldn’t close above its 20DMA. On 15 minute time frame, there is a bearish moving average crossover and the market took a nice resistance from its 20ema. Support:- 33210, 33370, Resistance:- 33480, 33520, 33750 There is no clear trend for market...
Banknifty on a daily closing has formed a doji. Banknifty looks weak than nifty and has tested its 0.618 fib level of recent swing. Bank nifty traded in a narrow range. On 15 minute time frame, there is a bearish moving average crossover and the market took a nice resistance from its 20ema. Support:- 33210, 33000, 32950 Resistance:- 33450, 33520,...
Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...
Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...
The stock has corrected a lot and reached a key support level........with a slew of confluences in the form of white pitchfork median, 127.2% fib.extension, AVWAP(GREEN) and 200 W MA...........
Banknifty opened around the level of 33580 and consolidated whole day. Banknifty is weaker than nifty and have closed below its 20 DMA. The market consolidated around the 20 ema on hourly time frame and in the few minutes crossed and closed above it. On 15 minute time frame, it closed around 20 ema. Support:- 33520, 33450, 33210 Resistance:-33700-50, 33954,...
Nifty on a daily time frame took resistance from its 20EMA and close just below the level. The market took support from its hourly 20 ema and travelled to cover the gap. Nifty remained in an up trend and crossed the resistance levels and closed above them. Support:- 15850,15780, 15690 Resistance:- 15920, 16020 Wait for the price action near the levels before...
PEMA is squeezed and price is forming a triangular pattern in one hour. the width of cpr is narrow in weekly level. price is currently trading below monthly money zone and within weekly money zone. a strong upmove beyond weekly money zone could bring in short covering of monthly initiative traders. but beware fake breakouts as there are confluence of R1 & H4....
Banknifty Intraday Levels... Trend : Bullish Sentiment : Negative Expectation : Bearish Reversal Expecting Banknifty to Open Flat / Small Gap down around CPR , If any rejection around CPR /Sell Reversal zone we can go short and target PDL and Virgin CPR... Any breakout above R1 / Bull Breakout Zone , buying opportunity and sustains above PDH we can expect...
Nifty Intraday Levels... Trend : Bullish Sentiment : Negative Expectation : Bearish Reversal Expecting Nifty to Open Flat / Small Gap down below CPR , If any rejection around CPR /Sell Reversal zone we can go short and target is Virgin CPR below at 15700 ... Any breakout above CPR , buying opportunity and sustains above R1/Bull Breakout levels we can expect...
Disclaimer: I don’t own shares of UBER. The below analysis is not a trading or investment recommendation & is only for learning purpose. • Price is under the short term 20 period & long term 200 period moving averages. • Price & RSI show an unconfirmed bullish divergence. Confirmation of this divergence is obtained through price closing above the ...
Banknifty opened around the resistance level of 34120 and fell after an initial gap up. The market took support from its 20DMA and closed above it. Banknifty took resistance on hourly time frame from its 200 ema and fell around 400 points from inter high. On 15 minute time frame, it closed around 20 ema. Support:- 33750, 33580 Resistance:-33954, 34120,...
Nifty on a daily time frame couldn’t close above its 20 ema, even after opening above the level. The market remained and traded in a range and close below its support level. The market has consolidated whole day. On 30 minute time frame there is a moving averages cross over. Support:- 15780, 15690 Resistance:- 15850, 16020 The market can fill the gap or can...