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Multiple Time Frame Analysis

BIG MOVE DONE as analysed ! what’s next..?As we can see BANKNIFTY rallied over 2000++ points in couple of days after breaking out of inverted head and shoulders pattern. Though this move was influenced with sentiments which arose due to exceotional win of BJP in few states but it could be shortlived. As we had previously analysed that despite the results, market started to rally beforehand which shows that the supposed move was already factored in hence this could be a potential trap as now we can expect some sideways to negative market in coming trading sessions if opens below our zone unless BANKNIFTY sustains above our given zone so plan your trades accordingly everyone.
NSE:BANKNIFTY
by Wealthcam
REJECTION seen exactly as analysed! As we analysed in our previous post that we may see some breather being taken by BANKNIFTY before finally breaking out and we did see that as it got rejected exactly from our levels and had been sideways to negative throughout the day. now watching the global scenarios, we can expect a strong opening which could be followed up if BANKNIFTY manages to sustain itself with the strong opening leading to unidirectional move so plan your trades accordingly
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY will take a BREATHER here..As we can see BANKNIFTY rallied over 700++ points which was much expected as we said BANKNIFTY has formed a doji and break on either side could show a unidirectional move and it did that. Now that BANKNIFTY has already rallied, we can see it closing at important supply zone which is not expected to be broken very easily. Hence, we can expect BANKNIFTY to take a breather as a halt until it finally breaks off heading towards its new ALL TIME HIGH so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam
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.
NSE:RELIANCEShort
by Ami8singh