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Multiple Time Frame Analysis

BANKNIFTY preparing to move BIG!!!As we can see NIFTY has already achieved its ATH couple of times but BANKNIFTY has not yet reached its ATH. Now BANKNIFTY can be seen forming more like an inverted head and shoulders pattern in bigger time frame and signs of accumulation in smaller time frame showing immense strength of BANKNIFTY hence now if BANKNIFTY breaches its trendline resistance which has been tested multiple times now can actually lead to new ALL TIME HIGH for BANKNIFTY so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam
Can NIFTY continue its cinderella run..?AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect NIFTY to remain sideways to negative unless it breaks out and shows unidirectional move so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
REVERSAL IN AVENUE SUPERMARTSAvenue Supermarts is BULLISH on Monthly timeframe and has changed its price structure on Weekly timeframe which gives a strong conviction that it is going to test its ATH once again. There is a scope of accumulation if it is available at a discounted price between 4200 and 4300 . The idea will be invalid below 4000 . The targets are crystal clear according to price action. Hourly timeframe should be followed for a good entry with a minimum risk for a greater reward.
NSE:DMARTLong
by rtfofficial1618
BANKNIFTY can show more of weakness below todays low!As we can see BANKNIFTY had been sideways to negative throughout the day as analysed in our last post. We can still stay with our view that till BANKNIFTY maintains inside this zone, we may expect it to remain sideways to negative and following todays candle formation, we can expect more of weakness if today’s candles low is broken so plan your trades accordingly which could be inclined towards negative till it maintains in the range.
NSE:BANKNIFTY
by Wealthcam
NIFTY is preparing itself for a directional move. As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT. We may expect a strong REVERSAL from our given levels so plan your trade accordingly based on the breach of levels either side.
NSE:NIFTY
by Wealthcam