Nifty on the weekly time frame has given a nice moment and is taking a resistance near 18000 level.
After a gap up opening it settle almost flat on the daily time frame.
On hourly time frame, the market has given a downside movement and closed near the 800 levels.
The market in the second half traded near the 20 ema on 15 minute and closed just below the...
As we can see it brokeout of an ascending triangle pattern but it gapped up and flawed the entry, despite the gap up, it couldn’t sustain itself above and finally fell and came back of the neckline of the pattern and showed a sign on reversal around that area hence if we see nifty opening flat to slight strong we might see nifty to continue its bull run so one can...
NMDC forms cup with handle in the daily and weekly timeframe. It is likely to breakout soon. If it breakout up side we can expect a rally towards 145-150 price range (Estimated profit 17%) with the stoploss of 119 on closing basis (Daily timeframe).
NSE:BANKNIFTY
I strongly believe this is not a breakout , and might be a fake one as NIFTY HASN’T BROKEOUT YET
If NIFTY BANK breaks and closes above the parallel channel, then i may re-think about my analysis
Here’s a link to my previous Analysis
I’m still thinking it may play out, keeping in mind of foreign markets.
Watch for breakout and close above...
Banknifty Levels for Tomorrow..
Expectation : BULLISH Reversal
Entry Levels are,
Gap up Open - Buy at PDH .
Gap down Open - PDL / S1 level at 39290
Flat Open - 39429 CPR level
If 39258 PDL compromised, we can see BEARISH move in Banknifty
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty Levels for Tomorrow..
Expectation : BULLISH Reversal
Entry Levels are,
Gap up Open - Buy at PDH.
Gap down Open - 17586 CPR level
Flat Open - 17586 CPR level
If 17579 compromised, we can see BEARISH move in Nifty
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
As we can see BANKNIFTY looking like it has retested itself breakout level as previously acting as resistance, is now acting as support and despite of huge gap down, we saw great recovery, now it is expected to continue its bullrun if opens flat to strong
Banknifty remained weaker and closed 200 points lower on daily time frame.
On the hourly time frame, the market has respected the 20 ema level and took resistance from it.
The market traded between 20 and 200 ema on 15 minute time frame and closed in between the levels.
Banknifty is volatile and gap up and gap down are making it difficult for the intraday...
Nifty has taken support from its 20DMA after a gap down and has closed almost flat.
On the hourly time frame, it took resistance from its 20 ema and closed just below it. Nifty has consolidated in the second half of the session.
The moving averages are close enough and market has closed just above the levels.
Support:- 17600, 17530, 17480
Resistance:- 17640,...
As we can see rejection from our psychological level of 40000 which acted as a string resistance and fell over 500 points hence we cab expect a short retracement before the bull run, it could also come to retest the level hence if we find BANKNIFTY at support with reversal candle stick patterns then we can go long accordingly
Banknifty on the daily time frame has closed 140 points and took a resistance from its 40050 resistance level.
On the hourly time frame, it has taken a beautiful support from its 20 ema and closed just near the level.
The market remained volatile and couldn't sustain above the 40000 levels.
On the 15 minute analysis, banknifty has closed between the moving...
Nifty on the daily time frame has formed a doji candle.
Its taken resistance from its 17710 level and closed on almost flat.
The market has consolidated and took support from its 20 ema on the hourly time frame.
In the last trading hour the market fell and closed on the bearish note.
On the 15 minute analysis, the market has closed between 20 and 200 ema. It...
As we can see BANKNIFTY finally brokeout of its important level and closed above 39800 but now heasing towards its crucial level which ia 40000 which is also a psychological level and has acted as a strong reactive level hence we can expect BANKNIFTY to get some rejection around this level before finally continuing its bull run, we will only go long positionally...
A nice flag and pole pattern formation in banknifty.
Banknifty has given a nice movement and has crossed the level of 39650 that was a resistance for a long time.
On the hourly time frame, banknifty has formed a flag and pole pattern and there is a possibility of a nice trending market in the coming week.
The box consolidation on the 15 minute time frame is a...
Nifty remained in green whole and consolidated in the second half of the trading session
In the initial hour the market gave a nice movement but couldn't cross the level of 17670.
On the 15 minute time frame, a bullish moving average crossover was there and market respected the 20 ema.
Support :- 17620, 17480, 17380
Resistance :- 17675, 17710, 17830
Wait for...
Banknifty on the weekly time frame has formed a bullish engulfing candle and took rejection from the recent high forming a double top pattern,
It remained strong as compare to the other index(nifty) and gained 1% this week.
On the daily time frame, market has formed a perfect doji and an inside candle.
The market respected the first hour high and low and...
Nifty on the weekly time frame has recovered all the lose and closed only 20 points down on weekly time frame.
The market is trading above its weekly 20 ema and has given a nice target after forming a double top formation.
On the daily time frame, the markets has formed inside candle and are sustaining above the 20 DMA.
Nifty remained in a range whole day and...
As we can see BANKNIFTY had been in uptrend with proper swings with every time but now at important resistance which has been tested multiple times which has made the resistance weaker hence breakout above the resistance can show a big rally upwards so keep watching everyone
