Banknifty has been trading in a range and closed in the same range losing 185 points. After the first hour fall the market consolidated and remained inside the first hour candle. On the hourly charts, market has closed below both the moving averages. Market has been consolidating for a few day and tomorrow is weekly expiry. Even on the smaller time frame,...
Long Idea From Here Order Block Might, Looks Good Setup
As we can see today despite the weakness NIFTY mangled to sustain above 19500 level and this psychological level acted as a GOOD SUPPORT. Now following the global cues we can expect a very weak opening for NIFTY and hence looking for next eminent SUPPORT, we can see a pending GAP around 19200 which can potentially act as a SUPPORT and any signs of REVERSAL around...
Finnifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts. Index has reversed from the ATH high is yet to created a new all time high. The market has formed a doji candle on the weekly charts after a 3.8% fall in the previous week. Market is consolidating in a similar range and has been trading in between...
Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions. A retracement and a consolidation is going on and market are yet to decide which side to move. On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages. The market has closed near...
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR is shifted bullish structure On Daily stock has also taken liquidity from the loss
Banknifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts. Index has reversed from the ATH high is yet to created a new all time high as the other index has formed. The market has formed a doji candle on the weekly charts after a 3.5% fall in the previous week. Market is consolidating in a similar range...
Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels. The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels. On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a...
As we can see despite the unidirectional fall in NIFTY seen in past few days. NIFTY managed to take SUPPORT at 19500 level which is also a psychological level which acted as a SUPPORT which was also followed by the trendline hence until and unless NIFTY breaches the trendline below, every dip is a buying opportunity so plan your trades accordingly.
Analysis mentioned on chart. Looks to give good returns in the next 6 months. Certainly not investment advice. I'm just trying to hone my skills and share my learning. Suggestions, feedback, criticism welcome.
As we can see NIFTY showed a unidirectional fall despite a strong recovery in previous trading session but we can see NIFTY seems to trading at very important SUPPORT now which was an initial start of the uptrend. We can also see NIFTY taking support at the psychological level of 19500 supported by the trendline and hence making it a better place to make fresh...
As we can see despite NIFTY being weak in the first half, it showed strong RECOVERY which was unidirectional exactly from our given levels as we had been analysing in our previous posts. Now until and unless NIFTY breaches and sustains below our given zone it could be bought on every dip so plan your trades accordingly.
We should consider a time correction following the breakout at the 1770 level before considering a long trade. If the market opens with a gap-up, we should contemplate a short trade with a target set at 1770.
Nifty has formed a perfect doji on the daily charts after testing 61.8% fibonacci levels. It is trading below the 20 ema. The market has given a nice fall after forming a new ATH and is now giving a consolidation. On the hourly charts, it has closed below both the moving averages and is taking resistance from 200 ema. There are chance of a cross over. There was...
A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has...
As we can see NIFTY remained sideways throughout the day despite us discussing about the strong up move that could possibly be witnessed. Now that NIFTY can still be seen maintaining itself above our demand zone and hence long positions can be made BUT following the global cues, we can expect NIFTY to open weak and hence as long as NIFTY sustains itself above our...
As we can see despite NIFTY being weak, it managed to sustain itself above our given level and we did discussed that every dip is a buying opportunity till the level is not broken and sustained below hence now our view still remains intact and the sign of REVERSAL visible could act as a catalyst for further UPMOVE from here so plan your trades accordingly everyone
Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema. It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame. There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance...