As we can despite a strong panic NIFTY managed to show some strong rejection and closed above last ATH. Surprisingly which is a fluke we did discuss that a sharp retracement is expected and we did see that fall the very next day. Now we may expect NIFTY to remain sideways to negative for upcoming trading sessions before finally continuing the rally so plan your...
Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts. On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages. Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway...
CNXSmallcap. If current week low doesn't go below 12386 and close above 12650-12680, then this week could be considered as retest. Historically there were 4 occurrences in Weekly timeframe where such fall went below previous week, index dragged down. Current week low, close and next week is crucial 1. Dec 31, '07 - Jan 07, '08 2. Jan 08, '18 - Jan 15, '18 3. Oct...
As we can see NIFTY has finally attained its much awaited new ALL TIME HIGH as we had been analysing since past few weeks. Now it becomes real confusing as NIFTY might go in consolidation for quite sometime now with immense volatility and high VIX, we can see 20200 in coming days but a serious retracament is missing which can happen anytime which could be in the...
Nifty has formed a new ATH high and banknifty is around its ATH. There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest. It has given a nice bullish candle and giving close 414 points higher. On the hourly charts, it has showed a bullish movement and it trading way far from the moving...
Looking this longer term charts suggest smart money is acumalating continue @ 600 to 700 bands It's my g20 summit special pic
Banknifty has moved higher by 720 points this week, closing above the round number figure of 45k. Market remained bullish this week owing to the ongoing G-20 summit. On friday, banknifty closed at 45156 gaining 278 points. It has taken a good support from the weekly 20 ema and consolidated around in for 3 weeks and has given a break out. On daily charts,...
Nifty has given a nice bullish move of 2% on the weekly charts and has closed above 19800 levels. There is a nice bullish marubozu candle on the weekly charts and it has come after a consolidation. On the daily charts, market hit our targets on 19850 and reversed after hitting the target and has closed 92 points high forming a doji candle on the high. Nifty...
The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the...
As we can see NIFTY has finally broken off its last swing which could have potentially acted as strong zone but broke after being volatile as analysed in previous analysis with a good closing which confirms the upcoming BULL RUN. Now a better entry to ride the rally would be the retest around the given zone so plan your trades accordingly.
As we can see NIFTY remained sideways to negative throughout the day but RECOVERED strongly and closed in our zone in final trading hour mentioned in the video. Now since it has closed inside our zone, we can expect a weak opening for NIFTY tomorrow and continue its sideways to bearish move unless not it breaches our zone, we must not make any aggressive position now
Nifty gave a nice move and the last hour candle gave a nice up move after showing some selling in the market. There is a bullish engulfing candle on the daily charts and market is looking bullish as it has closed near day's high. On the hourly time frame, the market tested the 20 ema and closed above both the moving averages. The volume of the last hour are...
NSE:IRCTC ANALYSIS! IRCTC Analysis on a daily Timeframe! Descending Triangle Pattern Formation, Breakout and Retesting on a Weekly Timeframe! Inverted Head and Shoulder Pattern Formation, Breakout and Retesting on a Daily Timeframe! Bullish RSI Divergence in IRCTC! Trend Reversal in IRCTC! IRCTC has made Descending Triangle Pattern on...
Trade idea logic: 1. High volume followed by big green candle. 2. Consolidating and slowly moving up. Looks goods for medium to long term gain.
As we had been analysing since last few days that NIFTY is now heading towards its important last swing which could potentially act as a strong RESISTANCE. We did see signs of REJECTION around those levels but it ended up recovering in second half showing strength of NIFTY. We can expect NIFTY to remain sideways to negative if enters in zone leading to huge...
Banknifty weekly expiry has changed from thursday to wednesday. Option trades watch the option premium as they will expiry tomorrow. On the daily charts, market has again tested the 20 ema and has formed an inside candle. Market again after a gap up opening came for selling and closed 65 points lower. On the hourly charts, it tested both the moving averages...
Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction. On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher. The market has followed the same trend in previous trading...