Get started

Multiple Time Frame Analysis

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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
NIFTY ready to blast off from here..?As we had been analysing since last few posts that NIFTY is still bullish until it breaks the pattern below despite showing weakness in smaller time frame. Now NIFTY can be seen has recovered almost 250++ points from our trendline which was a sharp recovery exactly as analysed in our previous posts. Now that NIFTY has finallu closed above the given pattern we can go long keeping SL below the pattern and ride the rally which could be till the new high of NIFTY so plan your trades accordingly
NSE:NIFTY
by Wealthcam
Banknifty daily analysis for 01/09/23.Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000 levels and is still around it. On 15 minute time frame, the market took rejection from 200 ema and after took resistance from 20 ema. The market has closed below both the moving averages. The market for 2 consecutive day has given a fall and being a monthly expiry market didn't give much move in the second half of the session. Support :- 43950, 43750 Resistance :- 44100, 44350 The market has show some sell off in last 2 session and it may take a halt, if there is a gap up opening. Otherwise, it can again come for selling. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Swing trade in SRFSRF Ltd. engages in the manufacture of chemical based industrial intermediates. As per the monthly and weekly chart, SRF is trading in a sideways range and never closed below the price of 2168 on monthly chart from last six months. Also, it has given breakout of daily and weekly timeframe. On weekly chart, price has shown strength and closed a healthy candle. Also, it has tested ites immediate resistance of 2290. On daily and hourly timeframe, we can see that this stock has changed its structure and now heading to upward. To initiate a new position in this script, there are two possibilities. 1. As per the hourly chart, it is in pre-breakout stage. Agressive traders can initiate position at CMP. Safe traders can enter after breakout and confirmation. 2. As per the daily chart, price may come down to 2150-2190 to retest the breakout and pick the demand from here to start the upward journey. Agressive traders can add more quantity at this price levels and safe traders can initiate new position. Targets are mentioned on the chart and SL will be swing low. Once any of the two conditions fulfilled, SL can be immediately trailed to the nearest swing. Follow your risk management. Happy trading :)
NSE:SRFLong
by ProPriceActionTrading