Banknifty on weekly time frame, has formed another doji and gaining only a single point this week, The market gave momentum on both side and on the last trading session (i.e. friday) formed an inside candle. The market on the daily time frame analysis has given a nice push after retesting the 20 ema. Though, the market is unable to cross 61.8% fib level on daily...
***Future Retail at All time low around 3.75 ruppes. *** It is falling from ATH 575 to 3.75 ( almost 99.5% fall) *** It seems like an another yes bank ***As per price Action, when the price reach around negligiable...
Stock can be bought at 295 for immediate target of 345 or 17%. Stop loss can be put at 278(5.5%). IDEA behind the trade - Stock is consolidating at the support area with institutions entering silently. Supporting points - DIIs and FIIs are increasing their stake since last 4 quarters. Price is consolidating above supertrend on weekly timeframe. Also, risk...
As we can see NIFTY got rejected though it showed ine sided rally above the consolidation, but fell strongly in the second half hence on can expect NIFTY to retest it support which is around 17350 levels and any reversal pattern around those levels could show a strong upmove till then we will find supports to buy so keep watching everyone
Nestle India has been consolidating in a flag and pole pattern. The stock has taken support from its 20 DMA and respected the levels convincingly The stock on the hourly time frame has been trading around its 20 ema. Stock on the monthly basis has never closed above 19750. If the stock breaks out or breaks down a nice movement can be achieved. Wait for the...
today though NIFTY opened gap down today, it recovered till yesterdays high showing the strength in the market but it closed around yesterday’s high making it look more like an inside candle scenario hence showing a possible accumulation of strength and break of the high would break the yesterday’s candle’s high too and there are possible chances of the bull run...
Nifty has given a inside candle on daily closing. Nifty closed almost flat and the market consolidated whole day. The market gained in the last trading hour of trading session and closed above hourly 20 ema. On 15 minute chart analysis, market has respected the trading zone and remained between 20 and 200 ema. Support :- 17480-500, 17375 Resistance :- 17710,...
As we can see exact reversal from our guven levels from 17350 to 17600 levels which was more of 250++ points, now this bull ran can continue till new couple of days until it gets rejected from 18000 level, we’ll only go long positionally if sustained above 18000 level which is both important resistance and psychological level
Banknifty has formed a beautiful bullish engulfing candle after testing its 20 DMA. Banknifty remained strong and in the last trading hour crossed yesterday’s high and closed above it. Market gained about 400 points and crossed hourly 20 ema. On 15 minute time frame analysis, Banknifty crossed its 200 ema and closed above it. Support:- 38766, 38510,...
NSE:LEMONTREE #NSE:LEMONTREE looking to be solid Demand Zone, where the High Consolidation point. Looking to be entering in to that zone to bounce back. Complete levels with targets marked on chart !!
As we can see NIFTY is continuously showing rejection after getting rejected from 18000 levels which shows we can further see NIFTY to fall till 17359-17300 levels which is its next support and important reactive zone hence one can keep going short if last days low is taken out till this level which is also a fib .28 level
Banknifty as predicted remained for selling and fell around 700 points.It has fell around 1500 points in just 2 trading sessions. Market has given another bearish candle and closed below the 38500 level. Banknifty after a initial fall consolidated whole and formed a bearish flag pattern in hourly time frame. On 15 minute chart analysis, the market has formed a...
Nifty as predicted remained for selling and fell around 250 points, taking away the gain of 5 days in just 2 days. Market has given another bearish candle. The market fell below 17500 in the last hour of the trading session and closed between 20 and 200 ema. On 15 minute chart analysis, the market has formed a bearish moving average crossover and travelled...
As we analysed that NIFTY could only continue its bull run if sustained above 18000 but failed to do so and fell one sidedly from our important level 18000 which was also a psychological level Now nifty closed at very crucial area as it filled almost all gaps which were pending and is more like retesting fhe trendline it broke out hence it could be a good...
Look like upside opportunity of target price of 2750 and there is good accumulation up to 2260
looks good on charts , above 148 . ready to give cup and handle breakout
As we can see though we saw weakness in the first half but it did recovered in the second half and has formed more like an inside candle which stands as a very decisive state as either side breakdown or breakout of the consolidation could show one sided move hence we can see one sided rally if sustained above 18000 mark so keep watching everyone