Nifty Bank - In Bearish Price Trend - A "bearish price trend" refers to a market condition where the prices of financial assets, such as stocks, commodities, or currencies, are generally moving downward over a sustained period. It indicates a prevailing negative sentiment among investors or traders.
Technical Analysis on Silver : - As discussed in the last week, silver is in bullish channel. A Bullish Channel is a technical chart pattern that represents an upward price trend with clear boundaries or channel lines. As clear shown in the attached chart price is moving in upward direction with clear channel lines. Follow the attached charts for more analysis.
Weekly Technical Analysis of Gold MCX Futures : - As discuss in the previous week's Technical analysis, Gold is following a strong bullish price action, with good volume followed by breakout on daily chart. In last week our first 2 positional targets achieved. We are still into a bullish territory over the charts for gold.
As we can see NIFTY had been rejecting from 19500 level zone since last month making it weaker. Hence more retests of the given level could lead to breach of the level resulting in good fall. Till NIFTY secures our psychological level of 19500, we can still expect a strong RECOVERY in the first half so plan your trades accordingly.
Short Idea XAUUSD. Only Technical observation. Only for educational purpose and idea sharing. Having profit or loss is not my responsibility.
LTTS Looking good for a long trade setup. Here are my top reasons - At weekly key level, resistance turned support - Hammer candle at daily timeframe showing bullishness - At fib golden retracement area - Support of EMA 100 - Trendline support too I am going long after a double bottom is formed at 1 hour timeframe. Do your own research before entry.
As we had analysed in our previous post that we might see NIFTY heading towards 19500 levels which could act as a POTENTIAL SUPPORT and we can expect REVERSAL from here and we did see that but closed below our zone which shows our levels has been acting well hence we can expect NIFTY to reject and respect our levels before finally breaking out huge so plan your...
As we analysed in our previous analysis that NIFTY will remain bullish till it maintains itself above the trendline but it failed to take support and fell unidirectionally as analysed. Now that NIFTY has closed above our level, we can still expect a good fall till 19500 which is a psychological level and can act as a potential SUPPORT so plan your trades accordingly.
As we can see NIFTY again maintained itself in the range despite opening strong, it hit our upper level of 19850 and got rejected and fell in second half after much of consolidation. Now that NIFTY has managed to maintain itself above the trendline, it can further broke the above level with unidirectional move but if NIFTY breaks the trendline below, we can again...
Long Term View - Quarterly Charts Breaking out at CMP T1-54 (1-3 Months) T2-70 ( 4-6Months) T3-125 (8-12 Months) SL-37 Please do the fundamental research before investing.
As we analysed that NIFTY could probably stay inside the range between 19660-19800 as mentioned in the chart and it exactly did and remained sideways throughout the day. Now we can stay intact with our analysis as we could only witness directional move if it sustains above or below or given levels so plan your trades accordingly.
-Weekly Timeframe is bullish -Daily Timeframe and 4HR has tested it's structure -50 ema is near the base as a confluence -Stock is within 10% range of the all time high
Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher. After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level. It is holding the higher levels but is still trading below the major resistance level of 19900. On the daily charts, there are gap up and...
As we can see NIFTY had been negative to sideways throughout the week as we analysed that NIFTY can show rejection around 19850-19880 levels as there is a pending gap which can act as a POTENTIAL RESISTANCE. Now that NIFTY had been sideways for quite some while, we can expect NIFTY to stay in this range of 19600-19800 until either side break could give an...
Bullish price action refers to a series of price movements and candlestick patterns in a financial market that indicate an upward or bullish trend is likely to continue or emerge. Here are some common signs of bullish price action: 1. Higher Highs : In an uptrend, each successive high should be higher than the previous one, demonstrating an upward momentum in...
As we had analysed in our previous post that NIFTY is heading towards important RESISTANCE and we might see some rejection from those levels and we did see that. Now following the global cues, we can expect NIFTY to open weak but if it manages to open around 19700 then we can see a short covering in first half so plan your trades accordingly.
As we can see NIFTY managed to continue its rally as analysed in our previous post. Now that NIFTY had shown unidirectional move, we must expect some retracement from here now. the most eminent RESISTANCE can be the gap which is pending from 19850-19880 which could act as a possible resistance so any signs RESISTANCE around the given zone should show great...
Nifty held on to the higher levels while banknifty gave away the points after a gap up opening. It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day. There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages. On 15 minutes time frame, market took...