Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level. Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets. On the hourly charts, market...
Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
Banknifty has started trading below the previous swing low and closed below it. Volume are getting low on the weekly charts and it is near to the 20 EMA, there are chance of market testing the moving average. On the daily charts, banknifty has formed a bearish candle and after retesting 50% levels it has started trading below the swing. There is a bearish trend...
Market are very volatile and is killing profits for option buyer. Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half. Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji. On the daily charts, market is seriously...
A clear bullish engulfing candle and a dragon fly doji on the daily charts shows some bullishness in the indian markets. Nifty has given a U shape recovery today, after crossing 19530 levels market looked good for selling but it reversed after 100 points fall from the day high. Today's market was totally unpredictable as it started consolidating after the fall...
Pharma index breakout all time high, looking strong long term . After retest of index one can enter in this sector This only educational view. No recommendations to buy.
CMP 115 A thread on price pattern , expected movement In year 2006 it marked highs of 30.2 and after 8 yrs gave breakout in 2014 post which it gave nearly 4X move in 1 odd year to 115 in 2015. This time again it has Brokeout after 8 yrs in Jun 2023 If the price pattern repeats then a move towards 400 could be seen on the same line and pattern. Said that, the...
Market remained in the same range as yesterday and killed option buyer. Nifty for 2 days have been range bound. Today range was 19630-530 and in the second half of the session market remain silent. On the hourly charts, nifty took support from 20 ema and closed above both the moving averages. After a gap up opening market came for selling and reversed after...
The nifty pharma index all time high level brackout, This is the good for the indian pharma company
There is a Breakout Retest on Zyduslife and it is a good buying opportunity with favored RR ratio
Looking good for long once it break's out the resistance. Avoid short positions, however if you wanted to short let the candle close below the horizontal line It is 0.23% retracement.
Nifty on the daily charts has given a doji and closed below 20 ema. The market remained for selling from the initial hour. Due to the weekly expiry today there was buying in the closing hour and market closed below both the moving averages on the hourly charts. The market for 2 day has lost 350 points or 1.8%. Today nifty touched 19300 levels and reversed from...
On the daily timeframe chart of Sun Pharmaceutical, the price is approaching a resistance zone that has been tested multiple times. As this resistance has been tested multiple times, it may be considered a weak resistance. If the price gives a strong breakout above this resistance zone, it could present a great opportunity to take a swing trade. For entry, we can...
Strong accumulation going on in Pharma Sector, Beautiful Pattern to break out !!
BUY - AJANTA PHARMA LTD CMP - Rs. 1455 Target - 1: Rs. 1625 Target - 2: Rs. 1840 Target - 3: Rs. 1995 . . Technicals - Bullish Triangle BO . NOTE: Target - 1 will be achieved within 3 months, while Target 2&3 will be achieved within9 months. . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Niftya farm had given weekly breakout from its multiple attempted zone. With the help of #REDDYLAB #APOLLOHOSPITAL #SUN FARMA It has strong momentum
Metropolis healthcare is looking good for a long , bears seems to be exhausted in this stock with structure changing towards bullish and also RSI divergence giving hints of an upside in the stock in coming days , SL of max 7% so RR is good , Will enter only if weekly candle closes above my level of 1290 , else ignore
METROPOLIS healthcare ,a good structure of bottom formation with series of higher lows and breaking out of the bearish trendline showing good strength, looks good to be bought above 1300 levels with SL of 1200(7-8%) but has huge potential on upside if idea goes right