As we can see both NIFTY and BANKNIFTY has reached its all time high now as we analysed in previous analysis and hence despite the strong opening BANKNIFTY maintained itself and took itself for its new high! despite the recent new high we can see it closed below 44500 which is also a psychological level which can potentially act as a RESISTANCE now hence till...
after lomg time a very good long is visible, it seems good rr trade will take if hourly closing happens above resistance else will leave the trade.
1) Weekly Timeframe is bullish 2) Daily Timeframe is also bullish 3) 4HR is in bullish structure 4) Metal Index is also bullish
JK Paper, after facing selling, comes to its demand zone on a weekly time frame. Apart from this in the daily time frame, you can also spot bullish divergence on RSI.
As we can see a strong recovery has been seen in bothy index despite being sideways in the first half. we expected a downfall below 43400 but it painted itself above 43500 throughout the day showing strength giving no signs of weakness. Now we can see BANKNIFTY trading at make or break level as this range of 44000-44200 had been acting as a strong resistance...
GALUSDT Let's short👀 Target Entry and Sl mentioned in chart📈 Not a financial advice 😇 Just for educational purpose.
shooting star candlestick is formed on the weekly time frame. As you all know shooting star is a bearish candlestick pattern/reversal pattern and predicts a fall in price. since the stock is trading at its all-time high can't say. On the other hand, if you watch the chart on a daily time frame, then you can encounter a RSI Divergence.
As we planned our trade yesterday that it has formed more like a head and shoulders pattern in bigger time frame shown signs of good downfall to come in coming trading sessions and also a change in trend but the neckline of the supposed pattern acted as a SUPPORT today despite being weak hence the more the neckline is tested the more it is getting weaker and...
As we can see the level 43400 has been acting as a strong support till now despite weakness in other index but it has been tested almost more than 6 times already making it weaker hence any closing below 43400 level should give a unidirectional move of over 400++ points in the same day itself. Till BANKNIFTY maintains itself above 43400 levels we might see a range...
Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening....
fib time zone coming july 3 2023 which most probably should make the bottom as it is approaching .786 line. Since coming week is monthly expiry week and also zeel is a stock which most of the time goes against the overall market trend I think it is the time might big brothers are in a mood to start this engine. keep an eye on this counter .
BNB SHORT 4H Change of character 👀 Little down push i hope to see Entry SL TP in chart
As we had been analysing since past few days that NIFTY just broke its trendline below and turned itself from uptrend to DOWNTREND with the break of previous swing leading to change of characteristics. Moreover we can see NIFTY has formed more like Head and Shoulders pattern which is also a REVERSAL pattern which could potentially change the overall trend to...
1INCHUSDT Let's short BINANCE:1INCHUSDT.P now We got a good long on inch before , although entry wasn't triggered but whoever entered on market they were in profits ✅ Resistance holding it well ,hope it throw it back down. Entry📈. Stoploss❌. TP✅ on chart
31k is our next target Looking at the big daily candles , it's a very very strong momentum. Which should break above the swing high. But bair in mind ,We also in weekly supply zone. Which is a strong resistance zone. As we can see the increased volume,hope it sustain the momentum. Again don't fall in any trades untill BTC becoms stable. Btc Dominance is high,...
As we can see despite a strong opening NIFTY couldn't sustain itself above 18800 neither did it cross 18900, on the breach of which we were planning to go long and was expecting a good upmove above hence now if NIFTY fails to open strong and rather opens flat to weak then we might see a strong downfall in the first half finally taking support at 18660 levels and...
As we can see NIFTY had been slightly positive to sideways throughout the day and also closed above the given trendline which is potentially acting as a strong SUPPORT hence we might expect a strong upmove if sustained above 18900 else we might see a negative to sideways market in coming trading sessions so keep watching everyone
Btc is ranging below high time frame supply zone. Indecision in market. Better avoide trades. Untill we see one of the mentioned price broken. If breaks below we will be in short term down trend. Good luck.