BANKNIFTY has been making doji candles in 1 week time frame which shows indecision and this indecision has been continued since last three weeks making this week a very important decision maker candle as either of side Is breached, a new trend would established accordingly! We can see bigger downfall if 36800 is broken below as it would also break the trendline...
Highlight:- Retracement from top is 30% Sitting on 200 DMA cluster Formed Bullish Engulfing Candle at 200 MA Forming Box Pattern Let's switch to smaller time frame { 4H } for more conformation. Formed Strong Bullish Divergence Formed Inverted Head & Shoulder Entry- Closing above flip line 'or' Trigger above 4750 SL - ...
Nifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the...
17400 will act as a strong resistance while 17050 will act as a strong support. If the index breaks the 4H dynamic resistance trend line , then only a sure shot upward move is expected. Between these range, keep your position size to minimum.
38500 is acting as a strong resistance for tomorrow. On the other hand 37250 is acting as a support with a trend line acting as a daily dynamic support. If the index breaks this level in daily charts , then a fall is expected. On the safe side buy CE after it breaks 38400 and buy PE when the index falls below 37200. Between this range, keep your positions size to...
banknifty had been in range throughout the day marking important levels of demand and supply, important demand or support to watch is 37200-37000 which is also a pychological level and hence can act as a great support, important resistance is 38050 which is todays high and also can act as an important resistance, expecting BANKNIFTY to become range bound between...
Nifty View: Some severe volatility from the Nifty on the very first day of this week – the index oscillated within a wide range of more than 250 points in today's session to post a close at 17,208, a day's loss of 69 points. The fact that it closed negative is not a surprise as the underlying trend is down, but it was the degree of intraday volatility that was...
as breaks the trendline and closes below in it and gud for short sellers as target posted......
4 Hour ORDER BLOCK POI on the SUPPLY ZONE,and inside that there is a 1MIN ORDER BLOCK POI. After confirmation on PRICE ACTION I can have a good selling OPPORTUNITY. TIP- SL ABOVE 1MIN ORDERBLOCK. Small risk huge reward is the PROBABILITY. I use MOVING AVERAGES Confirmation(OLIVER VELEZ STUDY) near the 1 MIN ORDER BLOCK.
as we can see that last year we saw a big correction and same type of pattern can be witnessed now which shows weakness and resembling the same pattern which caught us in cautionary note as stock market is said to repeating its history next very important level lies around 36000 another reason of weakness is the ongoing cold war between all the countries and rise...
Look like upside opportunity of minimum target of 1310 and retrace upto 1228 and if closes below 1228 then trend come inside triangle and look like gud buying upto 1175
Look Like downside opportunity upto 4250.. As tomorrow open below friday closing means target been hitted easily........
Look like downtrend stock have minimum target 460 and closes below it then move up to 443.
Gud for upside opportunity but as far as global cues not look good it may open downside and then move upward
The chart is self explanatory with entry, target and stop loss and risk & reward are favourable. Thanks