I like the Pattern that is being created. Currently taking support and making Higher Lows. Political scenario also seems to be favorable.
Entry Zone: The current price action shows a potential reversal after a change of character (CHOCH) around the ₹540-550 range. The price is approaching the break of structure (BOS) and could retest the zone before moving higher. Entry Point: A buy entry can be placed around the current consolidation zone near the ₹550 mark, or after a confirmed break above ₹560...
as we can see BANKNIFTY has finally filled its pending gap and closed at important resistance which previously acted as a strong support hence as long as BANKNIFTY is below that zone, we may expect NIFTY to remain sideways to negative till it finally breaks out for new ATH so plan your trades accordingly.
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 52060-51875-51730-51512 . ❇️ Resistance : 52200-52400-52630. 👉🏻 PURPLE LINE : 52060 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
Closing above BoS level It may enter in a new Bull run. Risk taker may enter with less quantity. Mid to Long term. (Note: 3M TF is used) . I am not a SEBI Registered. This analysis is purely for educational purposes only. . If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
MFSL is making a cup and handle pattern that moves to 1000 Rs downwards to make a handle and then up to 1400 Rs. Disclaimer - The chart is for education purposes only
BOS (Break of Structure): A break of structure occurred in the uptrend, signalling a shift in market momentum around late April to early May. This indicates that the previous resistance was broken, which led to a strong bullish rally. CHOCH (Change of Character): After the bullish move, a change of character is marked, indicating a reversal from the uptrend into...
Campus is a typical example of bottoming breakout done with volumes. I had given it as an example of falling knife stock but now looks good for a U-turn. ATH from here means 2x returns. Please note that Stock doesn't have good fundamentals currently. Invest as per your risk appetite after discussion with financial advisor. Not a recommendation.
There are multiple factors for the bearish market 1. BTC made a Head & Shoulder pattern on 1 HR time frame. 2. As we all know, September is not good for BTC. The prices retested the 60800 resistance, which we broke after a past dump 3. BTC broke a trendline on 1hr time frame and 4HR time frame. 4. It is taking support on 200 MA Once BTC breaks the MA and...
Candle confirmed at the reaction zone. TP at otherline. The Chartist
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RAIN IND is looking good on monthly timeframe and giving triangle breakout. Keep monthly SL of 150.
Nifty Future CMP@25440 Volume Profile POC(Point of Control)@25150 which will Act As Major Support Close Below 25150 will lead Nifty Future Towards 24500-23900.
BTCUSDT 4HR CHART Performance BY RAVAN SCREENER 2.0
Important support and Resistance Levels For BankNifty. When Market touches the level, the price action plays important roles. For More Learning Reach out to us.
Bitcoin CMP@57800 Chart Pattern Looks Weak Descending CPR Price Trading Below All Major Averages Heading Towards 49500 Chart Pattern will Negate if Closes Above 60700
NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly,...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....