Hello All, I am presenting my analysis and approach for a short-term bullish positional trade opportunity in BALRAMCHIN. There is a good short-term bullish swing trading opportunity presenting itself in this fundamentally strong scrip. Trade validity: Week of 11th December 2023 Entry: 388 I will watch how the stock reacts to the green trendline on the hourly...
As we can see BANKNIFTY got rejected as analysed and fell unidirectionally despite the inverted head and shoulders breakout which was pretty easily assumed by many hence it was bound to fail hence we may expect more of downfall to create panic for buyers hence every rise could be selling opportunity so plan your trades accordingly
Axis bank is making a flag pattern at 1 hour with descending Triangle. It is a low risk high reward trade of 1:3. Strict Stop loss
As we can see despite the rejection in bigger time frame, it managed to recover almost till its ATH close on it. Watching it on a smaller time frame we can see it being in a inverted in a head and shoulders pattern which shows further uptrend hence any closing above last trading day could show huge upmove so plan your trades accordingly.
Trend change + huge volume coming in. Look to add above current levels
As we can see BANKNIFTY had been sideways to volatile throughout the day but ended with good recovery. Now we can still see BANKNIFTY being weak unless it breaches recent ATH swing hence unless it is broken and sustained above, it looks weak so plan your trades accordingly
As we can see BANKNIFTY has again shown sideways to negative market as we analysed in our previous post which was presumed by indecision. Now we can see BANKNIFTY is unable to hold and sustain itself at higher levels and hence we can expect some good downfall so every rise could be an opportunity to sell so plan your trades accordingly
As we can see BANKNIFTY opened strong and remained more like sideways to volatile throughout the day as analysed in our previous analysis. Now BANKNIFTY can be seen showinh signs of indecision at its ATH which is a sign of concern as unless this doji like candle’s high is taken out, we can expect some retracement in coming sessions which could be filled with...
As we can see BANKNIFTY rallied over 2000++ points in couple of days after breaking out of inverted head and shoulders pattern. Though this move was influenced with sentiments which arose due to exceotional win of BJP in few states but it could be shortlived. As we had previously analysed that despite the results, market started to rally beforehand which shows...
As we can see BANKNIFTY showed a unidirectional move as analysed in our previous post as it held up and sustained itself with the strong opening. Now watching thebgloval scenarios, we can again expect BANKNIFTY to open strong and hence until we are above the zone, every dip will be a BUYING OPPORTUNITY. There might be some volatility due to oncoming elections...
As per Short Term Trading Analysis Edelweiss Financial Services Ltd Looks Buy side. As per Data available on NSE Promoters are Increasing. and Volume is also Increasing. Buy This Stock Near 45-46 Level stop loss 37, target 70,80 Time Frame 7-8 Months Only For Educational Purpose.
As we analysed in our previous post that we may see some breather being taken by BANKNIFTY before finally breaking out and we did see that as it got rejected exactly from our levels and had been sideways to negative throughout the day. now watching the global scenarios, we can expect a strong opening which could be followed up if BANKNIFTY manages to sustain...
Making a great structure on a weekly time frame also volume contraction and then spikes on daily time frames are visible.
Trend change + huge volumes coming in. Look to add above current level
As we can see BANKNIFTY rallied over 700++ points which was much expected as we said BANKNIFTY has formed a doji and break on either side could show a unidirectional move and it did that. Now that BANKNIFTY has already rallied, we can see it closing at important supply zone which is not expected to be broken very easily. Hence, we can expect BANKNIFTY to take a...
Change in trend with volume. Volume and price action gives confirmation long trade..
Trend change on longer time frame. Volumes are rising with private action.
As we can see despite the weakness in first half ! BANKNIFTY managed to break and sustain above the resistance following NIFTY but in a daily time frame it can be seen making a Doji candle in right at the zone making a zone of indecision hence now if in coming days if BANKNIFTY manages to sustain itself above the candle we may see a new ATH else we can witness...