Nifty has been trading between 20 and 200 ema on a daily time frame. Market was down on the last trading day and has closed below the crucial 20 and 200 ema on 15 and 60 minute time frame It has been respecting a trend line and has given a break out and retested it, on daily time frame and has formed a doji on weekly time frame. Support :- 17160, 17100,...
Stock is consolidating above 200wma.. with rising volume can be accumulated for breakout.. Target 164/210.. CMP 118
Maruti preparing for a blast as its 20 and 200 ema is narrowing. On 60 minute time frame, the stock looks bullish as it has closed above its 200 ema. Support :- 7400, 7250,7030 Resistance :- 7715, 7880-7900 Wait for the price action for confirmation and let the price sustain above/below the levels.
Hindalco is trading near its 20 ema on an hourly time frame. It has been respecting its resistance level too. If the stock trade below the 539 level, it can fall further. If the stock gains bullish movementum and closes above 551 levels, it can move upto the level of 563 Support :- 539, 528, 516 Resistance :- 551, 563 Wait for the confirmation with volume...
Eicher has perfectly respected it 200 ema and a resistance level of 2570, The stock is trading between its 20 and 200 ema on a daily time frame. The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up. Support :- 2450, 2350 Resistance :- 2570, 2650 If the stock will break the level...
BankNifty is trading near its 20 ema on 15 minute time frame. It looks bearish on daily time frame, as there is moving average bearish cross over. The market gapped up but tested the support of 35950. Support :- 36200, 36000-35945 Resistance:- 36380, 36500 Wait for the price action near the levels before trading.
Nifty has closed above its 20 ema on 15 minute time frame. The market gapped up but tested the round number of 17000. Support :- 17070, 17000 Resistance:- 17165, 17240 Wait for the price action near the levels before trading.
SRF formed clear stage 2 structure with good amount of volume . Its time to take entry in pull back . SL near 2530 . For exit price use 20 DMA or 30 DMA .
BIRLA SOFT in my radar list . Break out play is still pending , formed variation of inverted Head and Shoulder pattern . Volume is good with long side candle . Important SR level marked. Also watch 50 DMA and 200 DMA price level . Price action is still pending ,so wait and trade accordingly . Once my trade set up get active will update . So keep Birla soft in your...
Nifty Near Important FIB level , Watch price action near that important level . Once price sustain above 50 retracement level plan long side trade . Price is below 50 DMA level . Gap will act like SR levels . Happy learning with Swing Trade Academy.
BPCL The stock has taken Support at previous reversal zone Now seems to be respecting 50 day EMA - 50 day EMA around 371 - 200 day EMA around 396 Breakout above 396 Target 440 odd levels Stop Loss Close below 358 Risk :: Reward ratio looks favorable to go Long. This is a Positional view and not an intra day trade suggestion Plan your trade...
The stock has been trading in a triangle pattern and has respected the levels. If the stock breaks the triangle, a good move is expected in the stock The stock looks quite bearish as it has been trading below its 20 ema on a daily time frame. Support :- 64850, 62900 Resistance :- 69900, 72600 Wait for the levels, if the triangle breaks out the stock can give a...
Nifty has tested its level of 16800 in the last trading hour of the market. Nifty can consolidate or move further down tomorrow. It has tested the fib level of 0.5 on daily time frame. Support :- 16830, 16600 Resistance :- 17000, 17240 Wait for the price action near the levels for confirmation.
Banknifty has dropped 1000 points in last trading hour. The market looks bearish for tomorrow as it has broken the 200 ema on 1 hour time frame. Market can consolidate or move even further down to the levels of 35600. Support :- 35945, 35600 Resistance :- 36200, 36380 The market has dropped and the trend can continue. Wait for the price action near the levels...
Bank Nifty is taking resistance from its 20 ema on a 15 minute time frame. Todays candle show some confusion as it has formed a doji and has closed between its 20 and 200 ema. On 60 minute and 4 hour time frame, Banknifty is taking resistance from its 200 ema. Support :- 36650, 36380 Resistance:- 37000, 37330 The market has been opening gap up or down. Wait...
Nifty has closed near its 20 ema on a 15 minute time frame. Todays candle show some confusion as it has formed a doji and has closed between its 20 and 200 ema. Support :- 17100, 17000, 16830 Resistance:- 17240, 17330 The market has been opening gap up or down. Wait for the levels to be tested and confirm with the price action near support and resistance.
Nifty is on shorter time frame, looks bearish and is respecting the resistance levels. On daily time frame, the market is taking support from its 20 ema but on hourly time frame the price is between 20 and 200 ema. Support :- 17245,17330 Resistance :- 17500, 17600 Market has been opening gap up or gap down and consolidating the whole day. The market can be...
Bank nifty has been trading in a wide price range . Weekly analysis shows a touch at 0.382 fib level. On 15 minutes time frame, the market has closed below its 20 and 200 ema. Support :- 37344, 37000 Reistance :- 37580, 37800. Market can break the levels and can be trending in the coming week. Wait for the price action near the levels before entering any trade.