1. Green Trend line: I would "carefully" go LONG at "successful breakout". (1 Qty at breakout, another at retrace) 2. Red Trend line: I would go short on following 2 scenarios. (a) Open gap down, wait for retrace and go short at lower trend line. (b) Open in-between trendline and breakdown; I WILL WAIT FOR RETEST AT TRENDLINE and go SHORT
Points to check for tomorrow Buyer are trying to get the momentum still but still sellers are present at 44600 to 44750 Might a Gap up opening can make buyers active for tomorrow Sellers can be seen active at below 44400 to 44200 Buyer can been active at above 44700 or 44800 Note : Do your own analysis before taking trade.
Banknifty is showing unusual resilience to breakdown, instead its chopping around. The intraday swing range has narrowed in the last 2 days which means we could expect a massive move pretty soon. I am not very sure what is restricting banknifty from falling. For example we had a good gap down today and hit the swing low of 16 Aug, but the recovery was so decent...
#BANKNIFTY ANALYSIS Market are moving in complicating zone 44700 to 45000.
Because of month expiry data is not showing proper direction We will be neutral for rest of this week
Because of month expiry data is not showing proper direction We will be neutral for rest of this week
Because of month expiry data is not showing proper direction We will be neutral for rest of this week
Today we have a mix view Wait for forming proper suport or resistance dont jump directly
Today we have a mix view Wait for forming proper suport or resistance dont jump directly
Today we have a mix view Wait for forming proper suport or resistance dont jump directly
#BANKNIFTY analysis. market are now in bullish foam.. If the market want to go upside the market need to touch 42686 which means we buyers can confirm that the market will go upside. if the market break 42650 zone then we can go for PE(PUT) FIRTS TARGET =42504,42424,42372. Upside target = 42836,42906,42940,43033
NSE:NIFTY Analysis After 12th Dec 2022 Closing. >After Last day closing my view on nifty is Neutral Basically Until, it close beyond 18500-18350 range in Daily TF . > If it Close above 18500 then - T1 will be Previous High and T2 will be 78% retracement of All time High Point of Nifty. >If it Close below 18350 then- I'm expecting that it will...
BUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its...
For the last 2 days, we see Bank Nifty opening with a Gap down and giving a sideways price action. Being a monthly expiry tomorrow, we may see some volatility during the second half. We could see 34000 is key resistance and 32000 is support. So look for big moves happening above or below it. Happy expiry!
BANKNIFTY Taking SUPPORT in Higher Time frame 1 HR You can see clearly In a 15 MINS It is forming SYmmetrical Triangle ...If it break up you can take buy or wait for the market the symmetrical triangle to retest and take buy or If it is breaking down take sell or wait for the market to retest the symmetrical triangle resistance and fall lower low for sell entry
Area of High Confluence - (2150-2200) Fibb 61.8 % retracement area If sustains for long can give an upmove back to 2350 area If breaks and sustains can head south upto 1900 area
When Nifty was sub 16000 levels this is what was posted Hit the play button and see the magic of Technical Analysis. Now Nifty is near 200 day EMA current levels have also acted as Support in the past can the same zone act as resistance now? Will Nifty fly higher or would it stop? Only time will tell... We are not that bullish from here on . We have...
Rejections candles visible in the chart, check volume in abs number and (both highlighted in the box). My view is not to go long from here now. I will wait for followup candles.