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Multiple Time Frame Analysis

Banknifty weekly analysis for last week of June (26/06/23).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. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
Is this the end of UPTREND...?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 downtrend with the very break of its neckline. The neckline of the following pattern can be seen around 18650 levels on the break of which we can expect NIFTY to attain a psychological level and its next immediate swing at 18500 levels which can potentially act as a SUPPORT so keep watching everyone ].
NSE:NIFTY
by Wealthcam
BTC UPDATE 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, Alts won't be reactive to btc proportionally. Let's wait and watch untill we see the breakout of 31k or a reversal.
by Akshay_Gour
NIFTY closed below its trendline! showing signs of weakness?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 the trendline now might act as a RESISTANCE now so plan your trades accordingly
NSE:NIFTY
by Wealthcam
Nifty Trading Plan with Buy and Sell Signal The Nifty End of week Analysis to Understand the Nifty sentiment and Identify Potential Trading Opportunities for Next Trading Day . Nifty Demand and supply zones are Price levels on Chart where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator for Nifty Intraday Trading Support Zones for Nifty are as Given Below S1-18535 S2-18484 S3 -18445 S4 - 18400 Resistance Zones for Nifty are as Given Below R1- 18590 R2 -18640 R3 -18670 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis -0.65 ( Bearish) Max Pain As per Option Chain Analysis -18600 Major Resistance as Per Nifty Open Interest Analysis -18700 Major Support as Per Nifty Open Interest Analysis - 18400 Nifty is in Bearish Mood from Last Two Days , RBI pollicy is one of the reasone and Russia Ukrain condition is also global reason . Nifty Long Opportunity tomorrow in Intraday Trading - If Nifty Sustain Above 18540 then its Good Buying Opprtunity and Next Buying Opprutunity is Near Support 18500 and 18445 . Nifty Short opportunity tomorrow in Intraday Trading - As nifty is in Short term Down Trend , so we can take short trade near Resistance If Nifty not break Resistance of 18640 then its Good shorting Opprtunity and Next shorting Opprutunity is Near Support 18670 if Sustain above these resistance then dont short . For Live Market Chart analysis and Support msg me
NSE:NIFTY
by manojshinde27
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