NSE:KPITTECH
Strong support:- 1354
Tested twise on daily pattern and shown sign of reversal in 3 hourly pattern ( tested support thrice)
Rsi is in oversold zone .
Wait for green candle to buy .
My startegy:- buy above high stoploss bellow low . 🙂
What's your analysis?
As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT....
BankNifty is in consolidation phase and create liquidity on both sides. Sellers are exhausted and price will move down for more sellers to enter and then takeout all SL's to move price higher. High chance of price to move higher once it creates CHOCH.
As we can see Nifty finally broke below the rising channel pattern and had been weak ever since. We can see Nifty getting continuous rejection at higher levels showing its weakness. Now the only important SUPPORT we can see is 21800 wherein any signs of rejection could be a good buy but if it fails to take support at given level then we may see another panic in...
If you look at Quarterly chart, We could see a pattern that after an year consolidation, 100% rise has happened. Could we expect Dec '23 - Dec '24 as consolidation period. Historically, 1st quarter of polycab hasn't performed except last year which was a surprise. Let's see what happens this year. Higher low hasn't formed yet in weekly chart.
Biotcoin Target as per Elliot waves. It's just a projection. further targets and retracements levels we have to wait and see the moves.
If this monthly closing is above the previous high then the targets mentioned in the chart are confirmed.
We don't predict the market but based on the retreat and levels that targets are confirmed.
let's go with the flow
Fin Nifty is showing a pullback now. Expecting the market test the Demand zone ( 20485 - 20235 ) and then move up higher to fill the Gap area .But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
Bank Nifty has made a lot of Imbalance (46345 - 46981 ) to be filled on the down side. spend some time inside the Demand zone marked and then slowly slowly move up towards the high. But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
Nifty made a simple LL yesterday, It has also tested the FVG ( 22129 - 22222) marked on the picture and next expectation will be that it shall take out the LL (21903) liquidity next.
NIFTY is currently in consolidation phase and will lookout for breakdown for sellers to enter and then it will sweep out all sellers SL and move in opposite direction. Looks for buying opportunity only if price comes into the range of buying zone.
As we can see NIFTY showed a strong reversal despite touching our reversal levels but we did expect a strong movement from our demand zone. Now we can see it has closed below the channel which could potentially act as a RESISTANCE hence unless NIFTY closes inside the channel until then we cannot confirm this as a false breakdown and can expect further downfall so...
As per price action today (Friday- 14-03-24) market will be BERISH with retracement
Entry at - 20796
Stoploss - 20845 (49 points)
As target have been mentioned .. Trade accordingly ....
we are not sebi registered not endorse any brand or company ...
These Charts and analysis are for educational purposes only..
Trade according to your own risk factor....
As per price action today (Friday- 14-03-24) market have retraced and all 3 targets have been achieved
As target have been mentioned .. Trade accordingly ....
we are not sebi registered not endorse any brand or company ...
These Charts and analysis are for educational purposes only..
Trade according to your own risk factor....
As per price action today (Friday- 14-03-24) market will be look to touch Pivot Level
As target have been mentioned .. Trade accordingly ....
we are not sebi registered not endorse any brand or company ...
These Charts and analysis are for educational purposes only..
Trade according to your own risk factor....
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