On Monthly time frame it's forming a marubozu. On monthly timeframe if we take last swing (Oct-23) and mark a fib-retracement, it's show price is in 0.5 & 0.6 area which is a crucial zone also a touchdown to 9 EMA . Downtrend scenario If Jan-24, candle close below 44590, it will confirm a Major time reversal and we will be able to see further. Uptrend...
As we can see BANKNIFTY showed unidirectional downfall which was completely unexpected as we decided a good upmove if BANKNIFTY opens flat but it opened with huge gap up and fell unidirectionally but we can see BANKNIFTY managed to close above 45000 mark which could potentially act as a psychological and SUPPORT hence if BANKNIFTY manages to open flat to slight...
This type of rounding bottom pattern is seen only in books which is going to happen with this stock after 15 years. There is a possibility to go up....Picture perfect rounding bottom breakout.
Keep an eye on this stock because it can break its one and a half year resistance any time and if it does so and then retests it then there will be a great opportunity to fly into the sky.
The stock has changed its trend from down trend to UP trend and there is a lot of room left on it. with huge volume
The stock has changed its trend from down trend to UP trend and there is a lot of room left on it. with hues volume
As we can see NIFTY managed to remain sideways to bullish as we analysed in our previous analysis! We also saw NIFTY taking support at trendline. Now watching the global cues we can expect NIFTY to open strong but it will be important to see if NIFTY manages to sustain itself with that strength as it could be influenced by RIL results so could remain volatile...
GBPUSD is Weekly Bullish, but over extended with a reptracement due. Daily and 4H show signs of bearish price action. Price broke through the previous Weekly Key Price Area and retraced back to form a potential Lower High to continue the bearish momentum.
As we can see NIFTY finally showed unidirectional fall after resisting from our previous acting SUPPORT but managed to recover almost in V SHAPE. Since looking at chart it makes very evident that NIFTY should resist from here and continue its fall but market also does opposite of what’s most expected hence we can expect NIFTY can show temporary weakness but...
Last EURGBP Trade idea worked in our favor. I managed to stack another position when it retraced, but I kept it simple for the idea and just updated the TP Level to 1:3.5. Price is currently floating at 1:2.8 Profit Levels. I'll exit 80% of my position at 1:3.5 TP Level.
Short Setup Idea for EURGBP. All confluences are on the chart. Potential 1:2.5 RR
As we can see NIFTY has shown strong bearish candle but managed to close above our given level but this level has been tested many times now making it very weak hence if NIFTY manages to open above 21450 and breaches our level we may see another 200-300 points unidirectional fall and agressive short positions can made with great R:R so plan your trades accordingly guys
As we can see despite the strong move BANKNIFTY couldn’t close above 48250 and remained sideways to weak throughout the day forming DOJI kinda candle in daily time frame showing indecision hence can be sought that it has taken the liquidity and ready to create a panic for buyers hence we can expect a weak opening creating panic before finally continuing its rally...
As we can see BANKNIFTY can be seen forming a flag-pole pattern which signifies a trend continuation pattern hence any closing above the flag and given level of 48250 could be a good buy for a new ATH so plan your trades accordingly
The following trading idea shared is for informational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or hold any particular stock. This is just a backtest for the indicator I started using.
As we can see NIFTY showed an unidirectional up move as analysed in our previous analysis that if we won’t be able to see a good move unless the trend line is broken but we did see a strong opening with proper sustainment which followed by a good up move. Now that NIFTY is trading at its ATH, we may see NIFTY continuing its uptrend till 22000 which is its...
very clear ascending triangle break out with the volume
showing perfet uptrend and currently giving retracement , so it could be opportunity for short term selling movement for recent expiry . confirmation : there is a perfet break of agressive trend in lower time frame .