As we step into this trading week, the Nifty 50 index presents a mix of both bearish and bullish sentiments, driven by recent market movements and option chain data. Here’s a comprehensive look at the possible scenarios and the trading strategies to consider. 1. Market Overview and Current Sentiment **1-Hour Chart Analysis:** Looking at the 1-hour...
UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows. Disclaimer: This analysis is...
Banknifty support and resistance levels. Currently, the market has come down to the pattern I have drawn. also, yesterday broke down the ascending channel pattern. today it may take support on another trendline on the chart. plus, there is support at 50294.
Nifty support and resistance. note: support and resistance are dynamic, so I change the chart at every moment, I'll update the chart in the comments section.
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....
After the Nonfarm News released, GOLD didnt break the last ATH, and now its on Down trend. We can look for SELL positions at 2507-2509 or 2512-2514 to follow the trend. My plan for Gold : SELL 2511-2514 SL 2516 TP1 2504 TP2 2501 TP3 2498 TP4 OPEN
It's looks M type breakdown in reliance chart in coming days. One can do their own analysis before take any decision.
NSE:USHAMART Hi everyone Usha martin has a great swing long opportunity. There are 4 confluences 1) Trendline support 2) EMA support (50weekly and 200daily) 3) Fib golden zone 4) W pattern breakout (daily timeframe) Thanks TradersTown
If we look at the chart, Religare has been going smoothly for some time and entering an area from where it had a breakdown. If the price manages to cross this zone and sustains the support, I guess it can go up from here. I will wait and watch.
GOOGLE - SWING TRADE IS GOING TO HAPPEN Entry would be around 146 and SL is 130 for the target all time high. Disclaimer: This is just for educational purpose.
I want to observe how the price will behave on the higher time frame for some time. After some consolidation, I will go for the buy side when it goes up again. Just, a simple analysis.
Dmart Is still expanding its branches we can see good consolidation and breakout and is above 200 dma disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Banknifty Spot CMP@50576 Chart Pattern Looks Bearish Basis For Analysis Closing Below 20. & 50 DEMA Stock Below Monthly CPR NEXT Support @100 DEMA@50200 Closing Below that will lead the Banknifty Towards 200 DEMA@48700 Chart Pattern will Negate if Banknify Spot Closes Above 51100
NSE:BANKNIFTY ANALYSIS FOR TOMORROW 🔺 ❇️ IMPORTANT LEVELS 🚀 ❇️ Support: 50460-50300-50060-49885 ❇️ Resistance : 50700-50830-50955. 👉🏻 PURPLE LINE : 50505 is a key level, above buying, Below selling. 👉🏻 @thetradeforecast 🇮🇳
1)Price on the Monthly Trend line and previous support line which is 67.694(white line) 2)The price has fallen making a significant lower high(77.579). If we count Elliot from this point, the end of the 3rd wave may be at the lower support line. For this reason, some points may bounce from here to the above yellow trend line. There is bullish divergence in the...
The market is currently hovering near key Fibonacci retracement levels, with 24,460 acting as a strong support zone. This area aligns with the 0.618 Fibonacci retracement from the recent rally, providing a significant level for buyers to potentially step in. The market has already tested the 38.2% retracement level and held above it. Key Scenarios: Gap-Down...
Iex Above 200 dma can reach its 52 week high Still a monopoly disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk