Asian paints had traded in a narrow range whole day after a initial up move. On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green. It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end. Immediate resistance are the high the points from where it...
Nifty again tested it 16400 level of resistance and retraced heavily to its support level. There is still a moving average divergence. On hourly time frame, it has closed above its 20 ema. It has closed near its strong support level and above its 200 ema on 15 minute analysis. Support :- 16210, 16080 Resistance :- 16400, 16480 Wait for the price action near...
Bank nifty after a nice gap up closed in red losing around 100 points. It has been taking resistance from 34600 and again retraced after hitting the levels. On hourly analysis, the market seems to rest near its 50% fib level. The moving averages on a 15 minute time frame has converged and the market has closed below 20 and 200 ema. Support :- 34150,...
*for educational purpose only. forming an ascending triangle and given a breakout. moving average is supporting the price .nicely moving on trendline.
On May 13, we highlighted chart set up which indicated Nifty near possible support zone. On May 17 morning, we highlighted F&O trade data analysis which increased our confidence to stay Long.... Now results of doing our homework is in front of you... - Charts helped us identify important levels where trading decisions can be taken beforehand and - F&O data...
Nifty has rallied 400 points and has closed on a bullish note on daily chart. On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema. The moving averages are close and there can be a bullish moving averages divergence. Support :- 16210, 16080 Resistance :- 16400, 16480 The market can take a rest in a narrow range. Wait for the price action...
Bank nifty after initial gap up continued the rally and closed just near the resistance. On 15 minute time frame, market has closed above the 20 ema and RSI indicator is in the over bought zone. The market has rallied and formed a bullish candle on daily chart. Support :- 34100(zone), 33765 Resistance :- 34375, 34750 Market can remain in a zone for tomorrow...
1. Before this move, the stock has gone in a very low slope uptrend signifying an accumulation. 2. This trend retracement has taken support at 0.5 Level and also on 44 EMA and now moving with a good momentum. TARGET TILL Previous High 2420/-
Nifty has closed in green on daily time frame and has formed an inside candle too. There is a bearish moving averages divergence and markets can remain in a narrow range. The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart. Support:- 15830, 15745 Resistance :- 15895, 16080 Markets are still...
nifty fall 650 points from high to low and also closed near previous week lows as well which indicates that there is more pressure from highs and no to very little demand at lows. I will trade as per marked levels on my chart for next week. Expecting a sideways to bearish market for next week ahead. Happy Trading :) Disc: Chart posted only for learning purpose.
According to EWT: 5th wave has already traveled for more than 2.618% reverse Fibonacci retracement of wave 4. Now, bullish momentum can push it up to 136 at 3.618% .
- Nifty near its March bottom - if holds on to 15680-15720 zone then it could be a case of Double bottom - Target could be retest of 20 day EMA / 50 day EMA / 200 day EMA ( use charts to keep track of these levels as it changes with every trade day) - trend line resistance around 16680 / 16800 Risk factor - we see 50 day EMA crossing below 200 day EMA which is...
Bank nifty has again closed in green despite the other index was in red. It has formed a long tail bullish candle on daily basis. It has closed above its 20 ema on hourly and 15 minute time frame which indicates some bullishness. Support:- 34400, 34100 Resistance :- 34720, 35000 The market has closed below its near resistance of 34720. So wait for price...
India vix and the market movement showing same volatility. Markets are moving in both direction. On daily time frame, moving averages are converging and are close together. Nifty has tested its crucial support of round number 16k. Market has closed below its resistance level and in gap up and gap down it doesn't matter. Support :- 16000,15900 Resistance :-...
Nifty has been trading in a range for last 2 trading sessions. The moving averages are also narrowing down on daily time frame. Nifty touched its resistance level of 16400 and fell aggressively in the last trading hour getting market in red. Support :- 16220, 16000 Resistance ;- 16400, 16480-500 Markets are volatile and range bound. Wait for the price action...
Banknifty was strong today and has closed in green. The markets are volatile and there is a bearish moving average divergence on daily time frame. It has been trading around its 20 ema on 15 minute time frame. Support :- 34350, 34100 Resistance ;- 34720, 35000 Trading in a volatile market can sweep your gain in few minute. In the last hour markets have...
Banknifty is trading below it 200 ema on daily time frame. It has formed an inside candle on daily time frame. If the markets start trading below the low of previous day the market can fall further. There is bullish divergence on RSI indicator on hourly time frame. Support :- 35130, 35000 Resistance :- 35400, 35700 Wait for the price action near the levels...