On Thursday, BankNifty opened with a gap up and surged to a high of 51,659.45, closing at 51,530.90, gaining 524 points over the previous close. BankNifty has exited the Daily Demand Zone and closed above 51,420. If it can sustain this level, we may see the rally continue towards 52,254 or even 52,817. The Weekly Trend (50 SMA) is sideways, while the Daily Trend...
Bitcoin is showing strong bullish momentum, aiming for a breakout above $62,000, with potential to reach $70,000 in the coming week. Key indicators like RSI and MACD support upward movement, with BTC reclaiming critical support levels. A breakout from the current consolidation phase suggests that institutional interest and increasing market adoption are driving...
*United Nilgiri Tea cmp 467.15 by Weekly Chart view* - Price Band 476 to 500 Resistance Zone - *Back to Back Bullish Rounding Bottoms with neckline at the Resistance Zone* - Weekly basis Support at 410 > 338 > 265 with Resistance at 535 > ATH 575.95 - Price seen sustaining closure above Falling Resistance Trendline for past 2 weeks - Volumes surged heavily last...
Technical Analysis: The chart indicates that Nifty is currently near the 25,000 mark, with key Fibonacci retracement levels acting as resistance and support zones. A notable resistance is at the 0.382 level around 25,277, while the 0.618 level near 25,653 might be another hurdle if the index manages a short-term rally. Given the recent bearish momentum, a further...
What is Delta? Delta = Buying Volume – Selling Volume. It is used to measure the net buying or selling pressure during a specific time period. A positive delta, like 1.2k, means more aggressive buying (market orders hitting the ask price) compared to selling (market orders hitting the bid price). Implication of 1.2k Delta on a 15-Minute Chart: This strong...
On Thursday, Nifty opened with a gap up, reaching a high of 25,134.05 before pulling back to a low of 24,979.40 in the final 30 minutes of trading. It closed slightly higher at 24,998.45, gaining 16 points from the previous session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. Support and resistance zones remain unchanged...
1) The bullish engulfing at $2600 on the daily chart signals a potential reversal or continuation of the upward trend, making $2600 a critical support level. 2) The rally from $2600 to $2627 on the 15-minute chart shows that once $2600 was confirmed as support, buyers aggressively pushed the price higher within a short time frame. { Scalping Opportunity: For...
Seems accumulation of shares, low volume on retest Target 50 sl 28
Investment opportunity in IRFC with a stop loss in GTT Order below the tail of the candle on weekly chart.
NTPC can move up side because of NTPC GREEN IPO has reserved cota for NTPC share holder so NTPC share can move upside till upper resistance, research first and then invest because risk and reward of your hard earned money is your own decision.
11 Oct 2024 WORLD MARKETS 1. World markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is still above 14 indicating bearishness. That is the reason option premium on call side was not raising. 2. GIFT Nifty is indicating 60 points downtick at 24940. This amount to 51350 for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned...
Nifty on Daily charts have taken support at the white trendline trice from June24. The upward trendline is the most important hurdle and have failed. If the current white trendline is broken then Nifty can head towards 22700 zone first which the green trendline. Nifty tends to be moving in this channel for quite some time and if things go smoothly we can see the...
Indus tower CMP 378.90 The stock is back to 38.2% fib support. This zone is also its previous highs. Hence its a strong support. The current support is from a higher swing indicating that it is expanding. Even the RSI is back to its role reversal zone. In my view its a very good buy.
NSE:PAGEIND has given a breakout on weekly chart formation. This is also in line with the fact that more quality businesses are now making a comeback with respect to momentum. Markets have been volatile and these fundamentally strong businesses with lower growth have suffered due to other better alternatives. But with volatility and fear back, money should rotate...
In this video, we analyze the price action of Gold and Bitcoin, focusing on key levels and potential breakout opportunities. Using weekly time frame analysis, we'll discuss significant trends, support, resistance levels, and market behavior. Stay tuned for valuable insights that can help guide your trading decisions. #GoldPriceAction #BitcoinAnalysis #BTC #XAUUSD...
Good chart structure If stock sustains above 3225 then it will show good up move Target 3225/3330 Stop loss 3125 I am just representing my views For educational purpose only.
XAUUSD is running with 4th wave zigzag correction which may end near 2580-2560 zone... then after we expect a 5th wave starts which will start the last-up move... so stay bullish on deep and keep SL below 2550 for the long position..
Buy zone:24850-24950 Target 25075/25150/25200/25300 Stop loss 24800 Sell zone:25050-25150 Target 25000/24850/24750 Stop loss 25200 I am just representing my views For educational purpose only.