NSE: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...
As we can see we can witness a very sharp fall since last two days but it is heading towards very important psychological level of 18000-17950 which previously acted as a strong resistance, can now act as a strong support and following the global cues we can expect a weak opening in nifty which could lead to open near 18000 level to which strong recovery is...
Nifty Chart Analysis Levels and Trading Plan for today.
As we can see BANKNIFTY reversed exactly from our given level which is 42900-43000 and literally speaking it can be said that BANKNIFTY had been trading inside the zone throughout the day, now we can also see BANKNIFTY hitting its resistance multiple times making it weaker hence we can expect BANKNIFTY to breakout if opens flat for a good move but if opens weak we...
As we can see NIFTY has been trading in more like an inverted head and shoulders pattern which is also a bullish REVERSAL pattern and making it more conviction it took support from the line and reversed hence we can see NIFTY trading around its neckline hence we can expect a breakout anytime sooner if opens flat to strong but if opens weak we can see nifty remains...
As we can see BANKNIFTY had been consolidating throughout the day but had been hitting resistance making it weaker, level to watch now is 43450-43500 on the break of which we can see a big upmove but the only criteria is that BANKNIFTY needs to open flat and break the given level but if BANKNIFTY open weak to big gap down we can see further downfall before 43100
As we can see BANKNIFTY had been falling from the level we analysed for over 1000++ points now we can see BANKNIFTY heading towards those area where the trend actually started hence we might see a strong REVERSAL from 42900-43000 levels and any sign of reversal is shown around these levels then we might see a good 200-300++ points reversal so keep watching everyone
Nifty View and Support & Resistance Levels for Tomorrow.. Expectation : BEARISH / Negative Sentiment = Moderately BEARISH Flat / Small Gap up open tomorrow is expected, we can take short entry at 43300 level for lower Targets. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. For...
Nifty View and Support & Resistance Levels for Tomorrow.. Expectation : BEARISH / Negative Sentiment = Moderately BEARISH Flat / Small Gap up Open is expected in Nifty, Still Nifty is BEARISH mode so we can expect small range market before it go down. we can look to short 18400, 18360 levels for lower Targets. Buyers and Sellers Zones - When price breaks the...
Observation: - In the chart, we can see recent low is broken. so, it is the change of character on 1HR chart. Probability: - We can think that there's probability of the price is going to meet its 4-hour POI. so, we can enter in the short position after touching poi of 1hr in 5 min chart with change of character with the target of 1.05640 and we can set target...
BANKNIFTY fell exactly as analysed and fell over 500++ points but now looking at NIFTY we can see NIFTY heading towards important support which is 18300-18350.. based on global cues we can expect a gap down opening tomorrow but if opens around these levels then we can see a sharp recovery in the first 15 minutes hence tomorrow’s opening will be very important
As we can see as analysed BANKNIFTY is making back to back new high and today also it made a new high today now we can see 44000 is being well protected hence till 44000 is protected we can go long but we can expect a bigger correction if banknifty fails to take support at this psychological level so keep watching
My selection criteria as follows dor swing trade. The stock corrected from high and tale sport on EMA. The RS is strong. The rsi look above 50 and show upword moment. The close is above EMAS. . . It just for education purpose.
My selection criteria as follows dor swing trade. The stock break out previous high in 4hr time frame. The RS is very strong. The rsi is above 50 and show upword moment. The close is above EMS. . . . It is just for education purpose.
IOB on bullish move with th marked profits on charts follow for more 🙏🙏🙏
As we can see as analysed we did see a breakout at given levels as sustained above 43800 and rallied over 300++ points but now we can see 44000 which is also a psychological level hence we might see REJECTION at this given level if opens flat but following the global cues we can see BANKNIFTY taking support around 44000-43900 level but if it doesnt takes support...
IT IS A INTRADAY TRADE The stock is at important level which act as a support it can futhere went up to 1620