If closes above 78.5 having very good uptrend in the stock
Look like breakout in downside and have minimum target of 145.......
Nifty View: In today's trading session, banking stocks were the culprit as the Nifty index lost close to 50 points to post a close at 17,266. The underlying trend of the Nifty is still very much down, and after today's negative close, it has confirmed a lower high and lower low on the daily timeframe - this means that the probability of the downside is marginally...
Look like upward opportunity and wait for tomorrow closing and close above 138.5 means gud for entry and accumulate up to 126 and if close below it may trend changes
NIFTY had been in range throughout the day and also we can see a trend line following since last week now, important levels to watch is 17270 and 17450 above, we can see a strong upmove if 17450 is broken above and sustained as this trendline has been tested multiple times and expected to break if tested again so it is important to watch and wait for candle...
As expected and analysed we did see BANKNIFTY being within the range of our level ! Now it will also act as an important levels for tomorrow as these level has been tested multiple times and hence if breaches either side then we can see a good breakout move, but wait for candle closijh confirmation in either side
look like downward and good for sellers and if closes below 197.5 good for PE option and short for futures. This is my view only and do your own research
Nifty View: Flat close for the Nifty index in today's trading session - at a close of 17,317, the index lost just 43 points on a day on the basis. We see this as a sign of consolidation, especially after the recent wild price oscillation. It was good to notice that the Nifty and BankNifty indices reacted today from our anticipated resistance zones. Also, from now...
JK paper was in a correction phase till it got some demand from prev. turned supply zone. Now it is in HH/HL pattern and might continue till ATH. Though volumes are bit concerning, thus if volumes pick-Up in upcoming days then one can plan their long side trades around these patterns. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTY Intraday Levels: Nifty is currently at the supply zone so it's easy to take decision if opens and remains above 17395 Buy Above - 17395 and cover up to 17560 , can also buy call of 17400 Sell Below - 17340 then can sell and recover upto 17120 , buy put of 17300
As expected and analysed we did see a strong recovery from our levels, we can see BANKNIFTY to reach 38500 which is a important resistance as the existing gap will be filled making it a strong resistance and hence will make new buying position above 38500 Lower support now lies around 37700 around and hence unless either of these levels is broken we shouldn’t...
Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still...
As expected and analysed we did a strong selling and fall though it opened huge gap down, but now it is important to see because BANKNIFTY is heading towards important demand zone from where multiple reversal has been seen and it couldn’t break in one go! If opens gap down we can see BANKNIFTY to fall till 36500 and reverse from that very area! We won’t make any...
as we can see BANKNIFTY couldn’t sustain above and more like in a range in last trading day, we can expect a big fall below 38440 if BANKNIFTY opens flat and crosses 38440 below, we can even expect 500-800 points downfall till 37800 which is its next demand zone so keep watching as we can see a big call anytime sooner
Above 17480 is the buying condition and below 17300 we can go for selling this are the levels for monday and nifty is taking support at 200 EMA on 4hr time frame
Revenue of the company from Yr 2017 to 2021 have significantly remained range bound. The stock has annual pattern of Rise & Fall which makes it difficult to break previous highs. The stock needs healthy correction upto 130-150, create support levels, gather strength, in absence of which it may see the repeat of 2018/19.
Look like good opportunity for upside and entry based on weekly closing..........
As per the chart patterns usdcad is aiming for 1.31 target There are also some zones on chart which can act as supply zones