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Multiple Time Frame Analysis

Nifty detailed analysisWith bank nifty bouncing exactly from the daily trend line, things are looking good there for bulls. Nifty is a different scenario altogether, just like I posted in my analysis of LT & Tata Steel. All 3(nifty, LT & Tata Steel) gave a possible false breakout of the trend line & started a V shaped recovery from there. LT & Tata Steel have already given 1 break of structure(2 are needed for a confirmation of bull trend), Nifty seems to be lacking even a single one. Currently nifty is testing the 1H supply zone break of which(on closing basis) will lead to the 1st BOS. Till then I am neutral on nifty & avoiding trading it as there are many other opportunities with higher probability available.
NSE:NIFTY
by BharatAsani
Important levels of BANKNIFTY for upcoming trading sessions As we can see BANKNIFTY had been falling since quite a while now which is more like a unidirectional fall now based on previous important demand zones we can see BANKNIFTY heading towards important level of 41500 which is also a psychological level and based on past data we can see this level has been respected very well in previous trading session before making a new all time high hence we can expect BANKNIFTY to take support and reject at 41500 level or nect important support can be witnessed around 40800
NSE:BANKNIFTY
by Wealthcam
Nifty Auto - Interesting Price FormationsNSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF DTF its trading within ascending triangle. Expect price to consolidate WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish bias would get negated MTF its taking long term support of 2020 support line and making HH formation. The only exception is that monthly candle is not looking good so far and thats cos Nov candle is a hanging man and price has been declining so far Bias on larger time frame remains bullish and only DTF, WTF, the prices may just remain sideways or consolidate within the ascending triangle which may not result in large moves. As an option buyer, I would remain mildly cautious on long trades and remain stock specific. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:CNXAUTO
by nerdywasabi
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