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Multiple Time Frame Analysis

banknifty intradayif it is opening sideways then we can execute this plan , wait for strong bullish candle in 15min, 2nd target 200ema if it is opening little bit gap up and it is sustaining the gap then we can plan for long side. if it is breaking 39700 then I will think about short side. In 1D timeframe it can make morning star. both side potential but I am interested in long side wait for 15 min candle closing targets are marked follow risk management do your own analysis do workout do meditation start reading books
NSE:BANKNIFTY
by hunterhunt777
Will BANKNIFTY continue the DOWNTREND..?As we can see BANKNIFTY had been in downtrend and despite trying to break the structure and level of 41800 above but failed to do so and fell unidirectionally from there the downtrend would have been confirmed if BANKNIFTY closed below 41000 mark but failed to close below which shows 41000 being a psychological level acting as a great support hence if BANKNIFTY closes below 41000-40800 mark then we can see 1200-1500 downside in upcoming trading session but if opens strong then another day of consolidation can be witnessed so keep watching everyone
NSE:BANKNIFTY
by Wealthcam
BANKNIFTY couldn’t sustain, more of sideways market incoming??As we had been analysing that BANKNIFTY is expected to show unidirectional move if crosses and sustain itself above 41800 but it failed to do so despite the strong opening but on a brighter note this confirms the resistance has gotten very weak and any closing above 41800 could show huge upmove so for now we can again expect negative to sideways market in BANKNIFTY unless it sustain itself above 41800 so keep watching everyone
NSE:BANKNIFTY
by Wealthcam
Swing buy idea : MHRILWith stop below the second green line a strong candidate for a 4 to 5% up move Mahindra Holidays & Resorts India Limited is a leading Indian company that provides holiday accommodation and vacation ownership. The company is a subsidiary of Mahindra Group and was founded in 1996. Its headquarters is located in Mumbai, India. Mahindra Holidays offers a range of services and products that include vacation ownership memberships, holiday packages, and associated amenities like resorts, clubs, and restaurants. The company has a portfolio of over 60 resorts across India and abroad, offering a variety of experiences to its customers.
NSE:MHRILLong
by pratik2358
Bigger the consolidation the bigger is breakout expected As we can see BANKNIFTY has been consolidating around its neckline of the supposed W pattern, despite opening weak to being negative, it finally reaches and closes around being positive hence any flat to positive opening in BANKNIFTY can show big breakout above but if opens weak then we can see BANKNIFTY remaining sideways to negative throughout the day so tomorrow’s opening is going to play a crucial part in tomorrow’s market so keep watching everyone
NSE:BANKNIFTY
by Wealthcam
Fortune Looks GoodNSE:AWL Hi Next three seller Freeze levels can be 360.95 , 342.9 and 325.7. chart shows that 355 to 392 was the accumulation zone last time after IPO. so selling pressure can stop in this range and buying can be seen. if breaks below 300 then looks no support. more risk more gain , Indians can not eat without cooking oil and Fortune brand is sold throughout the country. and Its a no 1 brand in cooking oil. public holding is very less. Disclaimer: Analysis is for training and education purpose. author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. consult your financial advisor before investing.
NSE:AWL
by praveen.gupta
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