After a fall, it's evident that the downtrend has reversed with a trendline breakout. Drawing Fibonacci retracement from the low point to the high point shows a 0.6 retest and an upward movement. Additionally, on January 17th, 2024, there was a significant gap observed. If the resistance level is break, we can expect to see a large candle towards the upside....
Finnifty (weekly ) More probability is there for "Bearish " . . For " Short " entry: 20450 / 20700 target: 20055 / 19760 stoploss: 20550 / 20780 . . For " long " entry: 20800 target: 20950 stoploss: 20700 . . Enter only if market Breaks "Yellow box" mentioned. . wait for proper reversal and conformation. . don't be aggressive. . refer old ideas attached below.
Banknifty . Enter once after " Breakout and Retracement ". . . For " long " entry: 45410 target: 45575 - 45760 stoploss: 45200 . . For " Short" entry: 45230 target: 45020 - 4487 stoploss: 45350 . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple,...
NSE:CNXFINANCE Trade Setup for 11-10-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
NIFTY FinServ is showing Heavy RSI convergence(Bullish signal) in oversold area. it seems people are selling in Panick. Inestors can start accumulating and buy on dips
There is an Ascending Triangle Pattern Breakout given by IBULHSGFIN on this Friday on weekly chart. So, I think we can see more upside levels on this counter. First Targets :- 310 Second Target :- 360 Third Target :- 425 Stop loss as per risk appetite. Support is around 220.00
Bel 140 Banknifty 33000 Ntpc 100 Itc 220 Idfcfirstb 50 Torntpower 340 Tatamotors 260 Siemens 1700 Recltd 150 Bergepaint 800 Godrejcp 800 Pvr 1500 Tcs 3300 Zeel 230 Voltas 920 Tvsmotor 520 Dabur 550 Hindunilvr 2400 Pel 1600 Reliance 2000 - Above is an important level that is highly likely to act as support / resistance for intraday purposes - Price reversing /...
12016 has been established as a decent resistance by NIFTY FINSERV (owing to the heavy consolidation around the range on 21st Oct). An Ascending triangle pattern can be drawn over the chart with the top at 12016 levels. However, if the Gap-up opening on 23rd Oct is to be neglected, then it could also be a simple triangle pattern with a tilted top as opposed to a...
In this chart of the Nifty Financial Services Index vs Nifty 100 ratio, we see a bullish momentum divergence as prices stabilize above a confluence of support. Prices staying above their recent lows signals outperformance is likely from this sector of the market, at least in the near-term while money flows out of areas that have run a lot like Nifty Pharma and...