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Multiple Time Frame Analysis

NIFTY broke its SUPPORT exactly as analysed As we can see NIFTY broke its SUPPORT and fell unidirectionally as analysed in our previous analysis that the SUPPORT has been tested multiple times and any closing below the psychological level could lead to a good fall and we did see that exactly. Now watching the global cues we can expect NIFTY to open flat to positive but we can see NIFTY ranging from the range 19200-19500 but if it breaches either of the level we might see another of trending market so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
1
Nifty daily analysis for 25/10/23.Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250. There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema. On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of more than 130 points. Now there is a bearish trend for a short term. If the market continue to fall and starts trading below the 19200 levels then it will test 19000 and 18850. Support :- 19230, 19000 Resistance :- 19420, 19500 The market can go trending as it is approaching the monthly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly analysis for 16/10/23.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 gap down and nifty has closed above the 20 ema. No clear view is there in the market. Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range. The markets have consolidated and a break out/down can be seen with a proper follow through in the markets. On the hourly charts, it took support around the 200 ema and closed between both the moving averages. Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down. Major Support :- 19250-300 Resistance :- 19840-900 For intraday trading levels. Support :- 19730, 19670, 19580 Resistance :- 19780, 19840 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
GOLD FUTURE - BULLISH PRICE ACTIONBullish 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 prices. 2. Higher Lows : Similarly, each low in an uptrend should be higher than the preceding low, indicating that buyers are willing to step in at higher price levels. 3. Bullish Candlestick Patterns : Look for bullish candlestick patterns like bullish engulfing patterns, hammer, morning star, or doji reversals, which can suggest a potential shift in momentum to the upside. 4. Support and Resistance : When price breaks above a significant resistance level or a moving average, it can be a strong bullish signal. 5. Volume Increase : Increasing trading volume as prices rise is often a confirmation of a bullish trend. 6. Trendlines : Drawing an upward-sloping trendline connecting the lows can help visualize the bullish trend.
MCX:GOLD1!Long
by CA_Anand_Navander
Nifty weekly expiry analysis for 12/10/23.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 support from the 20 ema and has closed above it. Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest. Support :- 19770, 19720 Resistance :- 19840, 19900 Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 10/10/23.Banknifty has closed more than 1% lower on the daily charts but it took support around the major support levls of 43800. The market remained in a first hour candle and has closed below both the moving averages on the hourly chart. There are chance of a trending market as there is weekly expiry of another finance index. For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move. On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested. The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening. Support :- 43840, 43740, 43480 Resistance :- 44120, 44250 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade