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The Bank Nifty structure looks like an ascending triangle, meaning the 4th correctional wave. If the market breaks the previous high, then we can expect the 5th impulse (rally). The minimum we can expect is 50347. If the market breaks or consolidates, then the rally will likely continue. Alternatively, if the market doesn’t sustain the gap-up or if it rejects...
Nifty consolidating in around 200 points looking bullish below 22250 view negated
Stock retested its multi year breakout level. While retesting the stock gave a strong bullish moment which led to a short term trendline breakout.
Nifty will be gap up opening in today's session. After opening nifty sustain above 23480 level and then possible upside rally up to 23600 level in today's session. in case nifty trades below 23430 level then the downside target can go up to the 23310 level.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 50050 level then possible upside rally of 400-500 points upto 50450 level & this rally can extend another 400 points if market gives breakout 50550 level in todays session. Any Major downside only expected in case banknifty starts trading below 49950 level.
1. The stock gave a strong bounce from the weekly trendline. 2. It retested the support zone and bounced back with a strong candle. 3. Additionally, the stock provided a strong short-term trendline breakout. 4. Also the stock retested the multi year breakout levels. All these signals occurring simultaneously can indicate a strong bullish momentum.
Traveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and...
Multi year breakout with huge volumes. Breakout occurred after good consolidation.
1. The stock gave a strong bounce from the weekly trendline. 2. It retested the support zone and bounced back with a strong candle. 3. Additionally, the stock provided a strong short-term trendline breakout. All these signals occurring simultaneously can indicate a strong bullish momentum.
The stock has achieved a multi-year breakout with good volumes. This breakout occurred after a period of solid consolidation.
The stock has formed a Cup pattern breakout on the weekly chart with good volumes.
The stock gave a good bounce from the trendline. It retested the weekly breakout and bounced back with a strong candle, resulting in a good short-term breakout.
The stock has achieved a multi-year breakout following a period of solid consolidation.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
As we can see NIFTY after much consolidation has formed more like flag-pole pattern in bigger TF which is also a bullish continuation pattern. Any closing above given level could lead to unidirectional upmove so plan your trades accordingly
The stock has bounced back from a strong trendline support zone on the weekly chart. During the bounce back, it provided a strong short-term trendline breakout.