Banknifty has formed a nice dragon fly doji or a hammer candle with a bullish engulfing candle on the daily charts. It tested the 200 ema and has closed on a bullish note as it moved 500 points from the day low. On the hourly chart, it has closed above both the moving averages. If there is another gap up opening, there can be a one side rally as it is weekly...
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NSE:NIFTY #NIFTY50 Daily Chart 📊 1st It is moving in a downtrend, and currently forming a pullback. Pullback Started By taking support at 200 EMA and should approach the 50 EMA or The downtrend resistance line. The Doji bars formed from the last 2 sessions will trigger a huge gap. Open Will be around 19300 Zone. There is multiple resistance marked on...
NIFTY Intraday Trade Setup For 07 Nov 2023 Buy-Above 19430 Invalid-Below 19380 T- 19530 19645 Bearish-Below 19300 Invalid-Above 19350 T- 19210 19115 NIFTY has once again closed on a bullish note with almost 1% gain today. While 70% of the gain is contributed via gap up. It has been explained in the weekend that in case of gap up/down opening probability of a...
BUY - CANARA BANK CMP - Rs. 384 Target - 1: Rs. 492 Target - 2: Rs. 583 . Timeframe - 4 months - 10 months . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - BANK OF BARODA CMP - Rs. 195 Target - 1: Rs. 254 Target - 2: Rs. 321 . Timeframe - 4 months - 8 months . Technicals - Bullish Flag Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - EXIDE INDUSTRIES CMP - Rs. 267 Target - 1: Rs. 330 Target - 2: Rs. 395 . Timeframe - 4 - 10 months . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - INDIAN OIL CORP CMP - Rs. 99 Target - 1: Rs. 114 Target - 2: Rs. 137 Target - 3: Rs. 150 . Timeframe - 3 months - 8 months . Technicals - Cup and Handle Pattern Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - CHAMBAL FERTILISER CMP - Rs. 290 Target - 1: Rs. 345 Target - 2: Rs. 413 Target - 3: Rs. 499 . Timeframe - 3 months - 8 months . Technicals - Bullish Flag Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
If trigger line crosses above 62.49, will reach to 72.72, in option price may go up 80-130 If trigger line crosses below 56.42, will reach to 47.95, in option price may go up 90-125
BUY - NETWORK 18 MEDIA CMP - Rs. 70 Target - 1: Rs. 93 Target - 2: Rs. 117 . Timeframe - 3 months - 8 months . Technicals - Bullish Flag Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
NIFTY Intraday Trade Setup For 06 Nov 2023 Bullish-Above 19280 Invalid-Below 19230 T- 19370 19460 Bearish-Below 19210 Invalid-Above 19260 T- 19079 18945 NIFTY has closed on a slight bullish note last week with 0.96% gain. Last week we discussed that we a halt candle formation is high so has almost happened. Now 18800 is very important level for the next round...
BUY - CAPITAL TRUST LTD CMP - Rs. 103 Target - 1: Rs. 159 Target - 2: Rs. 263 Target - 3: Rs. 335 . Timeframe - 6 months - 18 months . Technicals - Bullish Bat Harmonic Pattern . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
A nice "M" pattern formation on the weekly charts for banknifty is a nice bearish trend for the markets. Banknifty may retest the neck line of the pattern and continue the bearish move after the retracement. Currently, it is taking resistance from 50% fib level and there are chance of retracing 61.8% fib level. On the daily chart, three doji candle are showing...
Nifty after a selling has recovered upto 50% fib levels. The market has formed a baby mother candle on the weekly charts and it still trading below the 20 ema. Markets are not doing much during the trading hour as there is a gap up and consolidation during the trading session. On the hourly charts the market has been trading in a range of not more than 60...
BUY - VA TECH WABAG LTD CMP - Rs. 500 Target - 1: Rs. 635 Target - 2: Rs. 731 Target - 3: Rs. 821 . Timeframe - 2 months - 8 months . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BUY - INTENSE TECHNOLOGIES CMP - Rs. 87 Target - 1: Rs. 117 Target - 2: Rs. 138 . Timeframe - 4 months - 8 months . Technicals - Bullish Flag Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
If trigger line crosses over 58.13, it may reach to 70.62, 160 to 200 Rs in option chart. (Including a big gap up). If trigger line crosses below 49.50, it may reach to 37.32, 80 to 110 Rs in option chart. (tough trade)