Multiple Time Frame Analysis
BANKNIFTY trapping buyers..?As we can see BANKNIFTY showed a unidirectional move with immense momentum after it broke out of the trendline and the supposed inverted head and shoulder pattern as analysed in our previous post. Now tin a bigger time frame, we can still see BANKNIFTY trading at supply zone which previously acted as a demand zone hence until BANKNIFTY sustains above the given zone, we are bearish as it could be a potential trap for buyers so plan your trades accordingly.
A Potential Bullish Reversal on the Horizon for RelianceNSE:RELIANCE : Anticipating a Bearish Phase Followed by Potential Bullish Resurgence
Reliance Industries may face bearish trend with an eye on future Bullish Opportunities. Recent market structure mapping, however, suggest a potential bearish phase for the company, prompting investors to reassess their positions. While challenges loom in the short term, astute investors may find solace in the prospect of a bullish resurgence on the horizon.
PLASTIBLEN, Multiyear BO StockPLASTIBLEN, Multiyear BO Stock. Momentum will pick up once crossed 334 level.
TGT can be decided by Range calculation method.
Price Volume analysis
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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Caution Ahead: Nifty Faces Bearish SignalsBearish Signals on NSE:NIFTY : Technical Analysis Points to Potential Downtrend Ahead
As the markets navigate through a sea of uncertainties, the NSE:NIFTY , a key benchmark index, is currently showing signs of a potential downturn. Traders and investors alike are closely monitoring the technical indicators, which are flashing bearish signals that may indicate a shift in market sentiment.
NIACL - Weekly chart Reversing Set up NIACL - Weekly chart Reversing Set up. Stock is coming out of Good base of 6 years and satisfying the Stein Weinstein Stage analysis.
This is not a buy sell reccomdation. This is for my learning and recording purpose.
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Siyaram silk millsSiyaram 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.
GBPJPY - 22.11.2023The 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 and a target of 1:3 risk to reward ratio and now the stock is heading towards daily resistance of 186.725.
BANKNIFTY preparing for something big..?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
More of FALL coming up in BANKNIFTY..?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.
BANKNIFTY 1h S M C AnalysisBANKNIFTY (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