Reasons for short buy 1. If market breaks grey zone, this indicates it wil pull back then go higher 2. Market is already in up trend so ride the continuation 3. Buy until it hits flip zone Reasons for long term sell 1. Broke daily/4hr trend line 2. Created a CHoCH(change of character) which is not shown on my chart but its there 3. As long as unit holds supply...
As we had been analysing since last 2 days that the pending gap is yet to be filled and we did see that gap filling in last trading session! Now it completely depends upon opening of NIFTY as if NIFTY opens above 18500 we might see some pullback or else we can see more of downfall coming up in NIFTY till 18400 wherein signs of REVERSAL could show good upmove so...
Banknifty completes Fibonacci retracement levels on 31st may. Now it’s ready for another bullish move. Today’s day high and low are the key levels to take buy or sell decisions. Mark the levels on chart for tomorrow and take action accordingly. -Sairam Adapa Oneshot Trader
As we can see NIFTY had been sideways throughout the day hence making it more room for fall in coming trading sessions! if NIFTY opens strong then we might see NIFTY getting rejected at 18700 levels which is a better place to short! on the other hand if NIFTY fails to sustain itself above 18600 levels we might see a good downfall in coming trading sessions so keep...
As we can see despite the strong opening in NIFTY it succumbed to being sluggish to negative the whole day which means it couldn’t hold itself at given levels hence if NIFTY opens weak and could not sustain itself above 18600 levels then we can expect a downfall coming up yill 18400 levels but if it opens strong then we might expect NIFTY to reject around...
Hindalco Swing can be taken for following reasons : 1) Weekly Timeframe has tested it's demand 2) Daily Timeframe has tested it's structure 3) 4HR has switched to its bullish structure
1) Weekly Timeframe is bullish 2) Daily Timeframe structure is tested 3) 4HR has tested it's structure and created a bullish candle as confirmation
As we can see BANKNIFTY can be seen in consolidation since last few weeks now and had been hitting resistance which is a psychological level of 44000-44150 levels making it weaker ! Hence we can see BANKNIFTY again making new all time high now hence any flat to strong opening can show blasting upmove in upcoming trading sessions so keep watching everyone and make...
Daily Learning Day-60 BankNifty Weekly Chart Analysis. Road to All Time High.
Weekly timeframe is Bullish Daily timeframe has also tested 4HR timeframe is also bullish
1) Daily Timeframe has it structure 2) 4HR timeframe is also bullish
1) Weekly Timeframe has tested it weekly structure 2) Daily Timeframe has tested daily structure and filled the gap 3) 4HR Timeframe is also bullish All timeframes are in alignment of each other
Stock swing can be taken for following reasons : 1) After has a strong sell off market is retracing back to the upside. 2) In retracement it has created a structure indicating it's upside potential 3) Daily structure is tested and 4HR timeframe is also bullish
Investment Stock - National Aluminium Key Points- Consolidation on Monthly TF 2nd swing break level. Weekly Inside candle breakout. Pros. (Financials) 1) Debt Free Company 2) Stock PE is around 10 and Industry PE is 24 3) Dividend % in last 5 years- (7-8%) 4) Stock is trading at 1.12 times its book value Cons. 1) No Sales growth from last 1 year.
As we can see NIFTY again showed weakness in the first half until it reached our level of 18170-18200 levels which has been discussed multiple times before in our post and it showed great REVERSAL from that very level of over 120++ points in the last couple of hours hence we can still see NIFTY being in range between 18200-18450 levels and expected to remain in...
As we can see NIFTY again showed sideways to negative market throughout the day despite its strong opening! Our views still remains intact and we might see NIFTY remaining sideways to negative in coming trading sessions and only level we must watch is 18170-18200 which is its eminent demand zone from where we might expect a closed pullback hence keep watching everyone
As we can see NIFTY despite its strong opening got rejected around 18400-18450 levels as analysed in our previous post now we can still see NIFTY to remain sideways to negative in coming trading sessions despite the strong opening hence only if NIFTY sustains itself above 18400-18450 levels we can see NIFTY remaining negative to sideways so take trade accordingly
As we can see NIFTY rallied over 150++ points as analysed as we expected a good upmove if opened strong but now it can be seen back in range from 18200 to 18450 levels hence we might see NIFTY getting rejected again around 18400-18450 levels and stay in a range before showing a unidirectional move so keep watching everyone