As we can see NIFTY rallied over 200 points despite of the huge gap up opening as analysed in the previous analysis but got rejected at the end and made more like a hammer candle in daily time frame showing rejection from above hence if we see flat to slight gap down opening tomorrow then we might see NIFTY filling the gap of 100 points from 17800 to 17600 making...
As we can see NIFTY exactly reversed from our given level which was 17400-17500 level which was more of a psychological level and an important SUPPORT which showed over 300 points of recovery, hence we can expect a further bull run upcoming in NIFTY if sustains above17400 level, till NIFTY sustains itself above 17400 levels, we can buy every dips
Nifty on the daily time frame has formed a doji. The market has taken a nice support from its 200 ema on the hourly time frame
The market after the initial push remain in a sideways mode and consolidated in a box.
On the 15 minute time frame, the market traded around its 20 ema.
Support :- 17480, 17380
Resistance :- 17660, 17640, 17710
The market remained in a...
A beautiful inverse head and shoulder pattern breakout in Karnataka Bank in weekly chart. We can wait for retest and deploy quantity accordingly.
Say we want to buy 100 shares. Buy 50 now and 50 on retest of breakout zone or moving average
As we can see it is now trading around important trendline support which has been tested more than 4 times as of now, also we can see 17400-17500 has been acting as important support previously being a psychological level hence if sustained above 17400-17500 levels, we can see a recovery from here else we can see a starting of new downtrend if sustained below...
As we can see NIFTY exactly showed reversal from our given level which was 18100 and fell more than 250 points, now it is heading towards important support which previously acted as an important support and showed 300++ upside movement, now it is important to see if NIFTY sustains above 17800 but if it fails to take support at these levels then we can even see...
Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA,
Though, its taking support from its weekly 200 ema.
Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited.
Targets :- 2735, 2692
Stop loss :- 2775
The markets are retracing and the stock if closes below 2730...
Motherson sumi has been consolidating in a triangle pattern from the month of April and is respecting the trend line on daily time frame.
It is trading around its 20 DMA. The volume indicator is showing decrease in volumes.
On weekly analysis, the stock is taking a resistance from its 200 ema and both the moving averages are close enough.
If the stock breaks...
Major support upcoming at zone between 1677-1681 which has held multiple times since 2020. expect a small retracement till 1710 before a final push to 1680 and then a move back up to 1730 and beyond
As we can see NIFTY exactly reversed from our important demand or support zone which was mentioned in the chart, it did rallied over 300 points in a single day and hence is expected to remain sideways tomorrow if opens flat to negative but if nifty is able to sustain itself above 18100 then we can expect another rally coming tomorrow
As we can see NIFTY is trading around an important resistance which is 18100 which has been tested few times and hence we can expect a gap down tomorrow and immediate important support we can see around is 17800 which previously acted as a important support and hence expected to act as an important support too! free fall can be expected if nifty fails to get...
After 2 days of consolidation the nifty has given a break away gap above 18000.
The market has gained 130 points forming a doji candle on daily time frame and sustained above the levels.
Nifty has consolidated in a parallel channel whole day.
The market on the 15 minute time frame has respected its 20 ema and has closed above it.
Support :- 18060, 18030,...
As we can see that NIFTY finally brokeout out it’s important resistance and heading towards important psychological level which is around 18000 which acted as an important resistance before and reversed from that very level hence we should wait for nifty to sustain above 18000 spot level for upcoming trading sessions for confirmation of the bull run else we might...
NSE:TECHM
TechMahindra Looks Good for long position of one to two months , Target , SL shown on chart.
Disclaimer: author may enter in trade, take your own decision , This is an trading idea for training and education purpose. not an trading or Investment advice. Consult your Financial Advisor before Investing.
Banknifty has given another doji on the daily time frame and an inside candle is there.
The market has remained in a 100 point range whole day and consolidation after a nice push is a good thing for next trending market.
On 15 minute time frame, the market has closed below the 20 ema.
Support :- 40570, 40250, 40050
Resistance :- 40660,40850
A nice trending...
Nifty has been taking resistance near the round number resistance of 18000.
After a gap up opening the market hasn't moved much and consolidated in 50-60 points range.
The market after a nice push has consolidated and if the markets consolidates for one more day, a nice trending market can be there.
On 15 minute time frame, the market has closed just below the...
Banknifty on the weekly time frame has given a nice up move and gained 2.5%.
There is a nice doji candle on the daily time frame.
The market in the second half consolidated and has closed 200 points higher.
On 15 minute time frame, has closed below the 20 ema.
Support :- 40250, 40050
Resistance :- 40570, 40850
Banknifty has closed above 40k on the weekly...
