Looks like pfc is going to breakout the multi year trendline with good volume need to watch for good momentum breakout Looking good for looking term
As we can see BANKNIFTY still maintaining itself in the range, it is more gonna be volatile to sideways between leading to huge premium we can see massive volatility between the range with multiple news flowing around including election results hence only if either level breaks we can see a trendline else we can see complete sideways market
The chart above says it all. Daily TF Analysis :- If you look at daily TF you will find this stock made a high of 1530-1540 last year, then it fell down. This year in November 2nd week it broke out that level and right now it is retesting that previous resistance level. From price action point of view...
As we can see NIFTY had been following this trendline and today again it closed around the given trendline making the trendline weaker hence if NIFTY opens flat to we can expect a big move upcoming anytime sooner, also we saw more like a sideways market today and respecting the 18600 spot level being a psychological support hence till 18600 is protected below,...
NSE:INDIAVIX - Weekly Chart For the time being, it appears that 12 is a good support level and 16 is a good resistance level. Please keep in mind that #IndiaVix is a simple concept that describes how quickly and unpredictably the Nifty 50 index is expected to change over the next 30 days. Consider volatility to be negligible/dead below 15. Above 23, consider...
The lead lag between the currency pair and Nifty can give lead indications of a trend change in the offing. A new high in USDINR in Oct not confirmed by a new low in Nifty was a bullish indication, but this week a new high in Nifty not confirmed by a new low in USDINR is a bearish indication.
As we analysed BANKNIFTY has been sideways throughout the day now it looks like it is ready for some big move as it had been over a week BANKNIFTY had been sideways and had been hitting both SUPPORT and RESISTANCE making them weak hence we can EXPECT A BIG UPMOVE if BANKNIFTY opens flat to strong and sustains above today’s high but on the other hand if fails and...
As we saw there had been an another sideways market throughout the day as analysed, now in bigger time frame we can see BANKNIFTY has formed more like an W pattern in bigger time frame and its the fourth time it is hitting resistance level of 43350 making is weak and hence we can expect a big breakout if opens flat to strong and breaks its todays high for more...
Looks like nmdc is bullish with first Target of 177 above that 206-208 sl 110 May be wave 3 is started... This is my view please make your own analysis and trade safe....
as we can see BANKNIFTY consolidated exactly as analysed and had been sidwayas throughout the day, now we can expect more of consolidation in upcoming trading sessions before finally giving an unidirectional move, now we can expect BANKNIFTY to react at given levels
After nice upside hcl stock might reverse till 1050 or low with sl of 1150 Findings: 1. facing resistance at 0.786 retracement level. 2. Taken 93 days to make the low and 139 days to touch the same price side is very slow... This is my view only Please make your own analysis and trade safe..
bataindia cmp 1674 trade setup : 1. buy range 1674 to 1652 2. keeping stop loss as 1606 on closing basis 3. targets : 1693 / 1722 / 1746 / 1777 / 1806 / 1856 4. positional reversal trade setup technical set up : 1. bullish harmonics pattern 2. fibonacci 78.6% to 88.6% reversal pattern buy 3. value pick
As we can see BANKNIFTY despite the huge gap up couldn’t sustain itself and fell one sidedly and went inside the zone of consolidation.. We might see BANKNIFTY hovering between 42900 to 43350 levels before showing a unidirectional rally, moreover if BANKNIFTY opens weak tomorrow then we might see a volatile to weak market
Clean Accumulation, forming a great base looking great for taking long position.
As we can see BANKNIFTY had been in consolidation in past few days after a strong uptrend which further signifies the continuation of the trend hence if BANKNIFTY opens flat we can expect it to break 43350 level above as this level has been tested multiple time but if opens flat we can expect a slight profit booking and gap covering before finally resuming the uptrend
Banknifty on the daily time frame has formed a dragon fly doji and gave a nice movement during the closing hour of the session. The index has been consolidating on the higher levels and can give a good moment either side as tomorrow is a weekly expiry. On the hourly time frame, the market has formed a W-shape pattern and is respecting the 20 ema. Market has...
As we can see NIFTY is respecting a trendline which is potentially acting as a resistance, despite the 18600 being the resistance it broke up right away but closed around 18600 levels which could potentially act as a support but if NIFTY fails top open strong and opens gap down we might see another volatile market
As we analysed that NIFTY might see rejection from 18600, we saw exact rejection from 18600 and fell subsequently over 100++ points, we might even see a gap down opening tomorrow and we might again see NIFTY being rejected at the yesterday’s high at the same level hence we might see a sideways to negative market tomorrow