Get started

Multiple Time Frame Analysis

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