Bitcoin trading in a descending triangle formation after fall. It has been consolidating in a range after failing to hold its 20 ema on weekly chart. Bitcoin has recently tested its weekly 200 ema has is consolidating just above it. There is a resistance and a support which has been tested many times and once broken can give nice targets. Support :- 27100,...
Bank Nifty on the daily time frame has given a nice hammer candle and has closed above its daily 20 moving averages.. On hourly candle it has closed above the 20 and 200 ema. Market remained bullish in the second half of of the day. The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema Support :- 35000,...
Nifty on the daily time frame has given a nice hammer candle. On hourly candle it has closed above the 20 ema and closed just below the resistance level of 16200. Market remained bullish in the second half of of the day. The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema Support :- 16080, 16000 Resistance...
Cipla has been consolidating in a narrow range and is near a break out of trend line. The stock is forming a inverted head and shoulder pattern on higher time frame (4 hour). The moving averages are close and stock has been taking support from its 200 ema. Support :- 963, 941 Resistance :- 988, 1008 There can be a moving averages bullish cross over. Wait for...
Bajaj finance has been trading in the in triangle formation. On a daily time frame analysis, there is a bearish moving average divergence. The stock has been taking support on its 20 ema on hourly time frame. The markets are volatile. So, wait for the price action and a break out of the triangle. Support :- 5753, 5655 Resistance :- 5900, 6000, 6120 Wait and...
Bank nifty has been facing a clear rejection from its resistance level of 34800. The market has been taking resistance from its 20 ema on daily time frame and support from its 20 ema on 4 hour time frame. The market has been taking support from its 200 ema on 15 minute time frame. Support :- 34135, 33970 Resistance :- 34376, 34780 The market has dropped from...
Nifty has been taking resistance from its 20 ema on daily time frame. Market has been constantly taking resistance from 16400 level. On 15 minute analysis, bearish moving averages divergence is there and market has closed below both the moving averages. Support :- 16000, 15900 Resistance :- 16210, 16400 The markets has in red for last 3 days. Wait for the...
Advanced Enzyme has given breakdown from ascending triangle . The measured downside is 65 rs . Immediate support is at 267.30-268 rs as it has taken support at that level but is unable to surpass 20 EMA which indicates downside to continue. Watch for 267.30-268 rs level. If it brokes this support it may move down to 225 rs level. (NOTE : It is not an investment/...
In today's trading session, ONGC has break the support of 200 moving average in this stock and it is now likely to go down to 130 in daily timeframe.
Bull Gateway: 1852 Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 . But, it hasn't broken the parallel channel in the last trading session. It's at the...
May Monthly expiry on 26th Top three months with max FII selling in cash in recent times March 2020 - 65k crores Feb 2022 - 45k crores March 2022 - 43k crores It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell BNF interesting...
Tata Motors - trading near 200 day EMA - 50 day EMA around 429 - trend line resistance around 460 - 470 another resistance zone - Support at 380 Given the set up, strategy for June expiry Consider selling 480 Call option and 360 Put option Lot size: 1425 Net incoming: 10.25 approximately Profit potential Rs 14606 per lot (10%) Risk if Tata Motors closes...
The market has closed in red. After a huge gap down markets kept selling and selling. Banknifty has closed just near the support level but the market still seems jittery. There were clear sigh of selling on studying the Open Interest. On smaller time frame, it has breached both the moving averages. Support :- 33300, 33000 Resistance :- 33420, 33600 Market has...
Nifty 50 crossing 15700 level by end of May, will indicate a possibility of further weakness in market and a possible crash. This will mean breach of 20 month SMA level. Last time it happened was in Feb 2000 just before Covid Lock Down.
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.