As we can see BANKNIFTY can be seen forming a flag-pole pattern which signifies a trend continuation pattern hence any closing above the flag and given level of 48250 could be a good buy for a new ATH so plan your trades accordingly
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock. This is just a backtest for the indicator I started using.
As we can see NIFTY showed an unidirectional up move as analysed in our previous analysis that if we won’t be able to see a good move unless the trend line is broken but we did see a strong opening with proper sustainment which followed by a good up move. Now that NIFTY is trading at its ATH, we may see NIFTY continuing its uptrend till 22000 which is its...
very clear ascending triangle break out with the volume
showing perfet uptrend and currently giving retracement , so it could be opportunity for short term selling movement for recent expiry . confirmation : there is a perfet break of agressive trend in lower time frame .
As we can see despite the attempt to break the trend line, it failed and remained negative throughout the day as analysed in our previous post but we can now see that NIFTY has tested both its sides i.e SUPPORT and acting RESISTANCE which makes the trend line weak hence any closing above the given trend line could be a good BUY else we can see another sideways to...
As we can see NIFTY despite showing weakness in the first half, managed to REVERSE exactly from our given level as the gap acted as a great support but on the other hand made the support more weaker hence we cannot confirm NIFTY to be strong unless it breaks the trend line above and sustains else we may see NIFTY getting rejected at trend line and falling...
We did see a strong fall as we analysed in our previous analysis that if the last candle’s low is broken below we can see a strong fall and we did see that. Now if NIFTY manages to open flat and breaks last swing, we might see a continuation in rally and further downfall can be witnessed which can create a potential panic so plan your trades accordingly
XAUUSD Potential Sell with an expected RR of 2.5 Confluences are on the chart, hold till comfortable.
*POSITIONAL TRADE* BUY HDFC AMC Between 3000-3300 SL 2650 Target 1: 4500 Target 2: 5150 Trade as per your risk rewards Accumate in every deep Stock may breakout any time so give range to add one can enter at CMP.
This is the perfect example of a long downfall now upward trained start and successfully higher bottom keep making Until higher bottom Keep phone ride on the On the stock really other technicals also Positive shouting towards this trade change momentum built RSI strong quarterly revenue also support
On week chart SNX retested Key Level then bounced back On day chart SNX might be test $3.3 again before come back to Bullish Trend Wait for next move
Coal India forming Cup and Handle pattern on Higher time frame. Target is huge.
It may be little late but it's sure be Confirm broke out Check Sipla LIC IRCTC Zomato they just now broke out just study it all
As we can see NIFTY got rejected exactly as we analysed and showed unidirectional upmove as the trend line which previously acted as a RESISTANCE has now acted as SUPPORT hence as long as NIFTY maintians itself above the trend line, every dip could be a buying opportunity until a sharp fall closes below the trend line which could potentially start the new trend...
the stock performed weekly breakout and get retested at the neckline. ENTRY@1125 TGT@1380 SL@1075
Confluences on the chart, Potential 1:4.5 RR trade targeting the last daily lows.
KOTAK MAHINDRA BANK - price is 1865 Kotak mahindra bank ,the biggest and unique in its way of working now may act as a proxy to Bank Nifty for playing for upside gains. 1850 levels are very strong supports on monthly and weekly time frames. these would act as pivots for buying for 2050 and 2200 levels since Bank Nifty is trading at all time highs, also HDFC,...