Nifty is predicted close (weekly) higher above 20600. Before going up might takeout the liquidity at the levels between 20850 - 20730. Hence forming a V shapped movement.
As we can see despite the strong downfall, NIFTY managed to get SUPPORT from this trendline and REVERSED massively but it was outdone by BANKNIFTY. Now we can see despite the RECOVERY we can see NIFTY can be seen in the range from the upper trendline line and the the zone it reversed from making those two important zones NIFTY can react from unless it takes a...
Indiabulls Housing Finance price resist at trendline in weekly timeframe since Nov 2019 and tried to break multiple times, recently in nov 2023 gives breakout with good volume and also volume increases gradually. also retest of this trendline is confirmed in daily Tf my view is to go long above 215 for decent profit in midterm also it my be a good opportunity to...
Prince price looks good for more upside with volumes increasing and a clear change in trend
As we can see we saw exactly a trap breakout creating liquidity and tumbled down sharply and fell over 500 points unidirectionally. Now we can expect more of downfall till 20300 which is the next imminent gap which could be filled and act as an important SUPPORT so plan your trades accordingly.
As we can see, we did see some sideways to bearish market throughout the day but we can also see a consolidation at higher levels which is showing signs of weakness but on the other hand we can see some strong global cues which could result in strong opening for NIFTY which could lead to potential breakout to the consolidation created by NIFTY which can give...
All the levels are mentioned in the video with some swing idea. Nifty and Banknifty Gold silver Crude Ng Copper My view, Neutral to bullish (rangebound)
Trading and investing are completely different in nature. In trading, we don't care about the prices whether it's fair or not. We buy high and sell even higher. But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved...
As we can see NIFTY had been rallying every since it broke out of its ATH. Now we can see it had been following a trendline and rejecting exactly from that zone and the psychological level of 21500 can add further fuel to the fire acting as a RESISTANCE hence any signs of rejection around the given trendline could a good opportunity to sell keeping SL at last...
Good time to investment/swing trade at CMP 1370 with SL of 1200
As we can see BANKNIFTY rallied over 400++ points after opening strong and went sideways! Now BANKNIFTY can continue its further upmove till 48000 which is its next eminent psychological level and any signs of rejection around given levels could lead to a good fall so plan your trades accordingly
As we can see despote the weakness BANKNIFTY managed to RECOVER close to ending up in green and has formed more like double bottom pattern showing signs of strength hence if BANKNIFTY beaches the levels mentioned and susatins itself above the given level then we can see a new ATH for BANKNIFTY so plan your trades accordingly
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