SBI Card looks good for buying in multi time frame analysis
In weekly, it has created hammer at very strong support, can buy above last week high, and Stop loss below previous week low
In daily Piercing candle and good volume
Rsi moving above 40 in daily which shows sideways or uptrend market
Open interest showing short covering and long buildup...
Thursday evening after seeing rebound in nifty I thought selling is over now we can see "V" shaped recovery but I don' t think this going to happen because of the way FII's shorted the Index. Let's Analyse the Index Future data let's start with retailers who are net buyer today they bought 11,956 index future contracts and cover the 201 shorts and now they hold...
Details as provided in the Chart.
Support: 600 and 594 on Closing Basis.
Target: 630 and then 640+.
1. Rising Trend.
2. Above EMA 89 so Trend is positive.
3. Shorts Covered right from levels of 594.
4. Strong Swing Support on Close Basis 594.
5. First Target 630 followed by 640 if 633 is broken.
6. RS also dominating Nifty.
7. Calls Unwinding on 600 and...
As communicated earlier that nifty may get into the uncharted Zone, the same has been done in the last few sessions only. Now we do not know the destination of the index. The daily chart is self-explained where the major resistance ( RZ-1)stands between 17200 to 17250. The high probability of reaching that point will be from the 2nd week of Sep 2021 to the...
If you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330.
Earnings are also in and the emotion is bearish.
All levels in the chart.
High OI at 7000. Once that is broken, we could see price drop fast.
MFI pointing down.
I would target 6850, and trail below.
The attached chart and the Volume analysis on Banknifty . Banknifty has broken a major diagonal wall of the daily chart downward on 20th July and standing below that. Are we entering into a bear pocket !! The answer will be a little logic-based.
Last 3 days there was a good COI buildup happen in the index with a decrease in price, which means SHORT...
Asian paint is running inside my Quant Box for some time. Now is the time to break out and it may be either side.
The Box width is 64 points and the probability of a multiple times return of the number is high.
Stoploss will be on the other side of the box once BO is given.
The target has marked on the chart.
Disclaimer: This information is for educational purpose
It seems Nifty is trying hard to get on the roof slab but failing every time. twice it tried and failed and hardly in the gap of 20 days (16 sessions).
Technically Nifty has created a top flat channel again like last time. It always gains volatility in this channel and creates confusion by developing sub-support zones. Basically, the index tries to create steps...
Maruti has broken the quant box consolidation...
If The script closes below the 7192.05 level (EOD basis), then the probability of Target1 and 2 will be high.
Please respect the SL too.
Note as of now the options trading is not advisable due to low -ve beta accumulations.
One can take a position in the derivative future.
Please note this information is for...
Price and volume contraction pattern in asinpaint
IF closing given above 3000 then we may see sharp up move
as huge oI at 3000(which is likely to unwind if cross 3000)
Above 3000(hourly close)
good support near 2975-2950
Please maintain SL closing basis
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past...
This stock is bullish in the daily/weekly/monthly Chart and broken its high after nearly 1.5 months of consolidation. We need to wait to see that RSI should not create any divergence in its bullish move.
If the Stock breaks and stands above 720 level then the probable target will be 754/787/819 level in a short-term period.
If the Stock breaks and sits below...
Nifty 50 Has broken an all-time high now the question is will it sustain there or get liquidated there only.
I have gone much deeper to feel the real momentum of the index whether the trend can be rideable from here or start booking profit from this point.
If you go through my previous posts, I have tried to show the approach of a practical mindset...
In this analysis, we will try to understand the sustainability of the index towards this uptrend. As per my previous analysis, nifty50 has taken the support of the sub- support zone and gained strength near about entier month of April 21 and in the month of May 21 once again it has broken S1 and moved firmly upward and at last given a breakout by breaking Brothers...
Ashok Leyland Future is on the bearish horizon. It has already stood below the entry-level (130.85) there is a high probability to reach Target(110.85)
Entire analysis has done on the basis of quantitative analysis with considering other important data points and statics.
Please honour the SL(139.4) in case of upwards move.
Entire data analysis was done on EOD...
The daily chart of XRPUSDT it showing the asset is consolidating in a box pattern. Note the volume accumulation also at the same time.
This is a quant box breakout pattern it may break any side and the minimum movement will be 1R which has already marked on the chart.
This analysis is entirely for educational purposes.