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AMBUJACEM Blast, further level marked !!NSE:AMBUJACEM
#NSE:AMBUJACEM level shared @ 340 and now trading @ 365, 8% up move registered,
marked further levels for practice.
Happy LEarning !!
Check my signature column for all the charts shared today, and the practice was damn good with blasting results.
Trust me, you will not regret for checking these charts.
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Nifty - Way forward (Bulls Vs Bears)Nifty is forming sort of Doji Candle near Resistance Zone.
It will be important to sustain above 18120 for Bulls to show some strength towards All time high zone of 18600.
Short Trades can be initiated below 17600.
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
Nifty Analysis for 12th NovNSE:NIFTY
⏺ 4/1 Hourly - Nifty is making lower highs and lower lows.
⏺ 15/5 min - Constantly getting rejected from purple resistance
✅ Support - 17850, 17760
❌ Resistance - 17960
📈 Trend? - Rangebound, but if lower support is broken, rally to that side is very much likely.
(what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points)
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume .
--> Rangebound market will eat your premium if you are a buyer.
--> waiting for retracement is always better than diving in.
--> wait for a candle to close before deciding that it is a confirmatory candle.
Nifty Analysis for 2nd NovNSE:NIFTY
⏺ 4/1 Hourly - High possibility of breaking 1st resistance and then reversing.
⏺ 15/5 min - Taken support on 17900. This should help in breaking second resistance of 17980.
✅ Support - 17900
❌ Resistance - 17980, 18090
📈 Trend? - Very hard to tell. I would wait till either 1st resistance or bottom support to break.
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> At the opening, most likely market will be in continuation of uptrend. And it will also break 17980 resistance level. But after that it's very likely that the uptrend will convert into downtrend if buyers are weak.
-->Even if you want to ride till second resistance, I would strongly suggest to wait for retracement on the 1st resistance of 17980 after it's broken.
--> Respect the yellow support. If it is broken, go short blindly. DO NOT short anywhere above it.
--> In case of gap up, wait & watch.
--> in the slight possibility of gap down, 17900 support becomes resistance, trade accordingly.