This is to share the technical analysis with you all! * Technical pattern: Rounding bottom in 30mins TF * Broken horizontal resistance with powerful Bullish Candle * Best range to enter 222-220 * Looking good for upside movement up to 15-18%
NSE:HDFCBANK Guys Add to your Watchlist HDFCBANK Waiting for Breakout Muliplr Time Rejection at the Marked area to watch
Bank Nifty's trend broke and moved significantly in intraday trading today, approaching its all-time high. We will have to wait and see on Monday whether it will break the all-time high or face resistance. The stock market is designed to transfer money from the active to the patient." - Al exander Elder
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
current spot price 46600.15 1. Waiting for the candles to come out of Downward channel 2. Strong closing in a 30 min candle is required for further upside movement in BNF 3. If broken, we might see some sort of relief rally (500+ points)
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
TDI Sell Hook: TDI stands for "Traders Dynamic Index," which is a technical indicator used to identify trends. A "sell hook" would suggest a potential reversal from an uptrend to a downtrend. This could indicate that the market sentiment is shifting towards selling pressure. Level 3 on H4: This likely refers to a specific level or zone identified on the H4...
BNIFTY :As suggested earlier BNIFTY clocked 48000 from the suggested entry levels of 47100.facing res at around 47924-48000.once breaches expect another 500+ pont rally(For educational purpose only)
At press time, the Rollbit Coin was trading close to 0.104 suggesting an intraday loss of 1.68%. The technical indicators imply a bearish outlook below the key moving average of 20 day EMA. The Rollbit Coin is extending the losses on the second consecutive day and has slid near its weekly low value. The price suffered rejection from the 50 day EMA, which has...
Observed a notable 40% correction in our asset of interest. This correction, while significant, aligns with historical precedents that often precede robust rebounds. This analysis seeks to unravel the technical and, where applicable, fundamental factors that underpin the asset's potential to breach the 170 mark in the near future. it's pertinent to acknowledge...
#BANKNIFTY LOOKING BULLISH Note :: This will not any buy or sell signal for you pls consult with your financial advisor before jump into any trade.
Trade Targets for Financial Year 2024 - 2025 1. Rs. 1,354/- being Inverse Head & Shoulder target. Breakout and retest done, trade idea is active. 2. Rs. 1,678/- being the parallel channel breakout target. Idea will be active on stock price closing above ATH. Stop loss will be close below 928. Disclaimer: I am fully invested in this one and cautiously...
The price action structure depicted a terrific downfall from the start of the year 2024 in RENQ Finance price by making lower lows and highs on the daily chart. It declined like a falling knife shattering all nearby support but failed to tear through the major demand zone territory on the chart and formed support at $0.005000. On the overall chart, it has shown...
Nifty 50 is trading in an upward channel. Look out when the upper and lower bands are touched. Those are regions from which big moves will come. For Example: If it is near the upper band, either it will breakout or will be sold off to get near the lower band. Opposite for the lower band.
Double botttom formed at 1D time frame. Can go long with strict SL This is for educational purposes only, trade at your own risk.
ICICI pru showing inv. head and shoulder pattern bullish on daily weekly and monthly chart target 720
1. Trend: Bullish 2. set up: double bottom reversal 3. RR: 1:5.5+ 4. SL less then 3%