As we analysed that BANKNIFTY is getting ready to move but it failed to sustain above 38400 and hence we saw a sideways market today but a good part is that if did sustained above 3800 which is a psychological support and hence we can still keep in going long unless this psychological level is broken down
FX:GBPUSD Hi Everyone Sorry for absence for so long. Actually i was busy in forex trading and working on something so it took some time in doing experimenting. But will make some time on daily basis and try to help you as much as i can with my charts. This is an chart of British pound/ US Dollar. As you can see GBP/USD is falling for sometime now or you can say...
Banknifty on the daily candle has given a nice moment and closed just around its resistance zone. In the last hour of the trading session the market consolidated and respected the resistance zone. The market on the 15 minute time frame has clearly respected the 20 ema and closed between the zone and moving averages. Support :- 37965, 37645 Resistance :- 38250,...
Nifty has been trading in green and has formed a nice bullish candle on the daily close basis. The market on the hourly time frame has respected the 20 ema and continued the rally crossing 17500. The 15 minute time frame analysis the chart has respected the 20 ema and remained above the moving averages. support :- 17470, 17400 Resistance :-17630, 17790 Wait...
As we can see BANKNIFTY after a long bull run has given a substancial consolidation which has formed into more like flag and pole pattern which is also known as bullish continuation pattern. Resistance we can see here is around 38300 on the break of which it would not only break the consolidation but also break the trendline above and hence any weak to flat...
HINDCOPPER has given a trendline Breakout and also Resistance Breakout with Good volume in D1 Timeframe. It took support from Multi-Year Trendline which was broken in Feb 2021. One can go long with 50% quantity above day high and wait for a retest opportunity to enter with remaining 50%. Keep your Recent swing low and Trail. Note : HINDCOPPER is going to release...
As we have been analysing that NIFTY has to break 17500 level which has acted as a strong resistance level and could act the same snd now it acting as a strong resistance too! hence being a psychological level for continuation of further bull run it has to break and sustain itself above 17500 else it can give a false breakout above and continue its downtrend
As we analysed that we might expect bull run but has to sustain above 17500 but it did failed to sustain above 17500 and hence started showing weakness and showed one sided fall, hence we will try shorting from here if fails to sustain above given psychological level which is also a important resistance which gives an opportunity of selling on every rise
As we can see NIFTY consolidated itself around the resistance before showing one sided move which shows NIFTY is still strong and can continue breaching the resistance and finally taking off, level to watch as of now is 17420 which has acted as a strong resistance before and hence break of that very level can show 150-200 points one sided move
As we can see BANKNIFTY closed above 38000 but facing multiple rejection from these levels, there are multiple reasons i am expecting banknifty to show a significant correction before it countinues its uptrend Firstly banknifty had been in uptrend unidirectionally from 35000 levels and it covered almost 3000 points without any significant retracement or profit...
Nifty has given a doji on daily chart. The market consolidated whole and tried to gain some points but closed almost flat. The market has stretched and gained around 1000 points in 5 trading sessions. There is a bullish moving average cross over on daily time frame. The market on 15 minute time frame traded whole day around its 20 ema and closed below...
Reasons to buy at Rs.625: 1. Stock took RSI 40 support after year 2008. 2. Monthly candle closed with no selling pressure. 3. Volume is more than from previous months. 4. Price taking support on 200 week SMA from May-2022 (Previous 200 week SMA support in 2010). Targets : Previous swing highs weekly basis. SL : Price closing below 200Week SMA. This analysis is...
As we can see BANKNIFTY currently trading at important level and might face resistance from here as it is facing resistance from the trendline as well as the eminent level of 36000 which is also a psychological level which might act as a strong resistance hence we will wait for some rejection candle from around these levels for going short
Banknifty has formed a nice bullish candle and remained in green whole day after initial profit booking. On hourly analysis the market consolidated in the last hour of trading session and a bullish moving averages crossing over is there. Banknifty touched 37900 and can consolidate tomorrow Markets are still bullish and can retest before giving another move....
Nifty has given a good move and The moving averages are close enough. The market remained in a bullish mood and closed above 17300 gaining around 1% The market has stretched and can retest before giving another momentum. Support:- 17400-30, 17500(round figure) Resistance:- 17280, 17100 Wait for the price action near the levels before trading the markets.
Banknifty on monthly and weekly chart has given a strong closing and has closed just below 37500 levels. The markets are looking bullish even on higher time frames. Banknifty has filled the gap and a closed only 100 up. The market has traded around its 20 ema on 15 minute time frame. Support :- 37400, 37160, 36900 Resistance :- 37530, 37965 The markets are...
Nifty on monthly and weekly time frame has given a breakout of 20 ema and retested it. A nice bullish candle is there and the market has subtended to a nice level above 17k. On daily time frame, nifty has crossed and tested its 200 ema and sustained above the 17k level. The markets on the higher time frame has turned bullish. There is bullish moving averages...
As we can see NIFTY finally broke out of an inverted head and shoulders pattern and started to move as analysed but now we can expected nifty to remain sideways to bullish without showing one sided move ! levels to watch is 17000 being important support and a psychological level and resistance can be seen around 17450-17500 so one can trade between these levels