Zensar tech is forming inverted Head&Shoulders pattern at all time high. All time high touched on Sep2021. Probability of inverted Head&Shoulders breakout is high when it is forming at Resistance level.
Siyaram silk mills has been sideways for quite a long time now. And has made multiple attempts to break the long term resistance , the more time it spends near the resistance the weaker it becomes. Fundamentals are good and a good quarter in sales can do wonders. Volume on the down days are not big and on the up days are substantial.
As we can see BANKNIFTY remained strong throughout the day as analysed in our previous analysis. Now BANKNIFTY can again be seen in double bottom pattern in smaller time frame and break of that level could show another upmove so plan your trades accordingly
As we can see despite the weakness BANKNIFTY didn’t sustain below our level and managed to recover closing above our level hence till our level is not breached below and sustained below! We are still bullish so plan your trades accordingly everyone
Trading near 52 week high and above major long term resistances. Clear change in long term trend and good for accumulation for medium to long term.
Visible change in the tens of sona blw. Low risk entry possible
The pair was consolidating just below the trend line which had a resistance just above at 186.162. It was appropriate to take a buy once it broke the trendline, as it had a resistance above, we need to look for buy and sell when the pair come close to the resistance. As the pair broke the resistance, took a buy trade on candle close and kept a strict stop loss...
As we can see BANKNIFTY remained sideways to volatile throughout the day as analysed in our previous post. We can see important demand zone beneath which is not allowing BANKNIFTY to fall further hence it could be a phase of accumulation and any breach of this zone could show a directional move so plan your trades accordingly everyone
As we can see BANKNIFTY has finally broken off from the pattern through weak opening and has formed more like a bearish pinbar candle in daily TF showing weakness is both time frames. now if BANKNIFTY opens flat to strong and breaches last trading days low, we may again see some good unidirectional fall in both INDEX so plan your trades accordingly.
SILVER is bullish , Thats it till it not break 72000 it is bullish All the important factors are described in video with multiple timeframe
BANKNIFTY (1h ) Smart Money Concept Analysis Order block: The order block is simply a replacement for the supply or demand an asset experiences. Breaker or mitigation blocks: This is what is traditionally called support and resistance. Fair value gaps: These are imbalances on the market, i.e. when demand outpaces supply or vice vers
As we can see BANKNIFTY has been maintaining itself in the channel and getting rejected from the trendline as analysed. Now we can expect BANKNIFTY to finally break and show directional move as the lines has been tested multiple times already making them weak hence any closing around either of the side could show a potential directional move plan your trades...
Sells got activated at the moment as we got closure below desired level on 30 and 15 min TF I am in short side only till market reaches 1952 region overall bias is still Bullish from 1952
The Bias is Bullish overall. Price has to reach to fill up the imbalance created below at 1952-1953 range first and then from there we can expect a rise even upto 2000, only after formation of MSS and FVG at lower TF in the range of 1952-1953. 1. Price has to reach 1952-1953 range. Thus for London Session I have placed short trade with SL at 1971.30 and TP at...
After yesterday's upmove from 1935.369 to 1948.108, Now we are seeing a good consolidation at higher levels. The lowest point in the consolidation is 1943.762. If we see a break down at the lowest point of consolidation, we have a clear down range till 1941.938, 1941.265.
As we can despite the weakness BANKNIFTY took support exactly at our demand zone and reversed strongly over 300++ points and closed above our demand zone showing the strength. Now looking at the global cues, we can expect BANKNIFTY to open strong and if BANKNIFTY manages to sustain its strength then we may see a unidirectional up move tomorrow so plan your trades...
After MSS Xauusd has came back down to fill up the imbalance. My Bias is bullish and I expect Xauusd to rise up again at 2007 and Higher till 2030. looking for Bullish setups near in Discount zone just for buys. small short trades can be possible with caution
- **Multi-Year Breakout and Cup Pattern (Weekly):** - The stock experienced a significant breakout covering multiple years on the weekly chart. - Additionally, a cup pattern breakout occurred, indicating a potential bullish reversal. - **Volume Confirmation:** - Both breakouts were accompanied by substantial trading volumes. - This suggests strong...