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Multiple Time Frame Analysis

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
NIFTY looks weak below this level !!As we can see Nifty finally broke below the rising channel pattern and had been weak ever since. We can see Nifty getting continuous rejection at higher levels showing its weakness. Now the only important SUPPORT we can see is 21800 wherein any signs of rejection could be a good buy but if it fails to take support at given level then we may see another panic in the market leading to bigger correction so plan your trades accordingly. As of now our view is sideways to negative .
NSE:NIFTY
by Wealthcam