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Multiple Time Frame Analysis

CNX Small Cap 100 Top or Breakout Retest?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 11, '21 - Oct 18, '21 (1st Top) 4. Jan 10, '22 - Jan 17, '22 (Double Top after 3 months) 5. Sep 4, '23 - Sep 11, '23 (Current end of the week low, close is crucial)
NSE:CNXSMALLCAP
by naraykln
Banknifty daily analysis for 12/09/23.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 averages. The markets consolidated during the mid trading hours and gave a breakout and closed above 45500 levels. Support :- 45440, 45230 Resistance :- 45680, 45855 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Banknifty weekly analysis for 11/09/23.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, banknifty was struggling to cross the 20 ema but has crossed and sustained above it. The market has formed a nice bullish pattern of higher highs higher lows and is giving a good consolidation and a breakout. On 15 minute time frame, it took support from the 20 ema and has closed above both the moving averages. It also showed a fake of 45200 levels. Support :- 45080, 44860 Resistance :- 45220, 45370, 45500 Market looks bullish but still banknifty is taking resistance from 61.8% (around 45350) fibonacci levels of the major trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 11/09/23.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 has travelled nicely giving retest and moving higher. Indian market looks bullish and there are chance of nifty reaching the recent high. On the hourly charts, there is a bullish flag and pole pattern and market has closed above both the moving averages. On 15 minute charts, there is a clear depiction of consolidation and breakout and how it can give big target. Nifty gave break out and consolidated and continued the up move after another consolidation. Support :- 19805, 19740 Resistance ;- 19860, 19970-90 No major resistance is there for nifty and can retest the recent high. If the market continues to travel after breaching the ATH, it can reach 20500 levels soon. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 08/09/23.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 global markets support, nifty can travel higher. On 15 minute time frame, it constantly took support from 20 ema closed very bullish. Support :- 19640, 19550 Resistance :- 19785, 19845 The market has consolidated alot and the up move can continue owing to the G-20 summit. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Nifty weekly expiry analysis for 07/09/23.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 also high and there are chance of market showing some bullishness. Nifty consolidated in the first half, gave a downside trade and reversed making market bullish. On 15 minute time frame, the market formed a base around 19500 levels and closed above both the moving averages. Support :- 19500, 19430 Resistance :- 19650, 19730, 19785 Market for last 3 session has been following a trend of a selling and then closing near the day top. If the markets opening gap up, there are fair chance of market moving up wards as it will clear the crucial resistance zone. Watch for the option premium as it will be weekly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
IRCTC Analysis (Head and Shoulders)! 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 weekly Timeframe , and it has given a breakout to its resistance trendline and retested its support level. If we reduce timeframe to Daily timeframe, then we can see the clear INVERTED HEAD AND SHOULDERS PATTERN at the bottom. We can see previous trend is Downtrend. If we combine RSI analysis with it, then we can see a Bullish RSI Divergence. After the bullish divergence the trend has been changed from Downtrend to an Uptrend. After that RSI and Price both are trending Upwards. This is a clear indication of the bullishness. I have extended neckline and support trendline both may act as a Support Trendlines. Rest of all Analysis is on the chart itself and I have marked all the important levels with price do study thoroughly. Thank You! Important Note= Please have a look on my previous IRCTC Analysis which is based on Weekly Analysis. Entry = Current levels are considered to be a good buy. Stop Loss = Below 615.50 Targets = 1) 661.50 2) 66490 3) 711.55 Disclaimer = All my analysis is for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:IRCTCLong
by Avinash9087
2
NIFTY coming inside the zone of option seller..?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 premium decay making it an area for option sellers so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
Banknifty weeky expiry analysis for 06/09/23.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 and recover touching the lower one. The market in the second half didn't gave any move and created volatility. Banknifty has consolidated in a range of 2 trading session and tomorrow being it expiry, it can give a nice move. Be watchful as Indian Vix is still on the lower side trading around 10. It traded around the 20 ema, on 15 minutes, and closed just above the level. Support :- 44250-44440, 44100 Resistance :- 44650, 44750, 44910 The big zone on 100 points on the lower side is crucial as it has been giving support to the market. Let the market break this zone, if you wanna go bearish. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 06/09/23.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 session and if there is another gap up there are chance of market moving in the upside direction. On 15 minute time frame, it showed a downside trend and recover after the gap filling. It tested the 20 ema and in the mid hour traded around the levels. Support :- 19520, 19460 Resistance :-19580, 19620, 19720 Nifty has closed in green but the other index has closed in red. Indian Vix is dropping which means there can be a trending move and option premiums are not much. Carry on the trades with a proper trailing stop loss and an ultimate target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Finnifty weekly expiry analysis for 05/09/23.Finnifty on the daily charts has given a grave stone doji and closed around 19800 levels. The market after an initial selling tried to recover and slow regained some points closing only 23 points lower. On the hourly charts, after the initial hour candle the market consolidated and closed between both the moving averages. The gap up and gap down are taking a oppportunity. Tomorrow is finnifty weekly expiry and the market have not given a trending market on last few expiries. On 15 minute charts, it retest the 20 ema and bounced back after the retest. There is also a cup and handle formation. The market remained volatile and there weren't much opportunity to trade. Support :- 19760, 19760, 19640 Resistance :- 19800, 19900 Supports are near by and market can reverse from the support. If market open flat and consolidate during the first half, second half break out can give nice profits. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty daily analysis for 05/09/23.There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum. Banknifty tested the 20 ema on daily charts and has finally closed above the levels. On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level. Trending market are not be seen in last few days. Just watch the market and create small position as to preserve your capital On 15 minute time frame, market took support from 20 and 200 averages in a single candle and reversed forming a morning star pattern. Support :- 44330, 44100 Resistance :-44590, 44750, 44910 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 055/09/23.A gravestone doji after a gap up opening is creating confusion in the market. Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price. On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels. The market gave gap filling trade and after that continued to push higher very slowly. On 15 minute chart, market retested the 20 ema and began an up move after testing it. Support :- 19460, 19330 Resistance :- 19550, 19620 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY LEVEL'S 💲🤑 O Description. 05 sep Bank Nifty Actionable levels #Current Price- 44584 Good #Resistance- 44584 Strong #Support- 44337 #Target we can expect 44712 and 44913 if a break of 44578 above ⬆️ Resistance level 🎚️ #Target we can expect 44473 and 44337 if a break of 44578 below ⬇️ Support level 🎚️ #Execution trade should be above or below from resistance or support levels 15-minute candle. Alerts ‼️🚨 this is Only for Education Purpose. Please Give your precious comments 🤞🏻 Thank you 🙏 AkashXtrade
NSE:BANKNIFTY
by AkashXtrade
Banknifty weekly analysis for 04/09/23.Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a constant struggle in crossing 20 ema on the daily charts and still the market has closed near the level. There is a bullish engulfing candle and many time banknifty has reversed after testing 44000 levels. On the hourly chart, there is a struggle in crossing 200 ema and has closed between both the moving averages. There are chance of a bullish move this week as there is a G-20 meeting. The market will take a little pull back as the it has travelled a lot in one direction. On 15 minute time frame, market has closed above both the moving averages and has retested the support level of 44350 after a rejection from 44570 levels. There are chance of moving going bullish even after a gap up opening as the retracement is done. Support :- 44350, 44080 Resistance :- 44570-90, 44910 Watch for a trending move in the market as a good consolidation is done and a nice break out can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 04/09/23.Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels. There was a nice bullish move in the last trading session after constantly testing 19250 levels. Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go. A U-shape recovery is there, on hourly charts, but still nifty is around the resistance zone. Watch for the market as there is a G-20 meeting which will also show some fake movements in the indian markets. After constantly struggling to close above the 20 ema, now it has closed above the level and is looking some what good as there can be a trending market in the coming week. On 15 minute time frame, there is a bullish moving averages cross over and even on the higher time frame, market has closed above both the moving averages.' Support :- 19330, 19250 Resistance ;- 19460, 19565, 19620 Nifty has closed around the resistance area and there are chance of a pullback before another bullish leg. Watch the market to cross 19550 levels which will confirm the short term trend and bullish trades can be carried on for this session. It has reversed from levels between 50-61.8% fibonacci levels that is the golden zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade