Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48550 level then possible upside rally of 400-500 points upto 48950 level & this rally can extend another 400 points if market gives breakout 49050 level in todays session. Any Major downside only expected in case banknifty starts trading below 48450 level. also possible reversal...
still market manipulating people on going uptrend be careful market can turn any moment dont fall on fake sideways showing as uptrend still now its under channel sideways its not uptrend hope u be on safe trade happy trading
BSE has correct 25% from the top. It is a good stock and should be used for LT portfolio building. Green zones should be used as buying areas.
CIPLA (1D TF) - Swing Trade Analysis given on 17th May, 2024 Pattern: FALLING WEDGE BREAKOUT (Double Bottom) - Trendline Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * Disclaimer
Hoping for the breakout. Lets see how it goes!!!
As we discussed, Banknifty gave a very nice momentum with huge bullishness. If we look at the chart now: The market has broken the wedge pattern to the upside, and it is also continuously making HH and HL. The price is trading above EMAs, which shows strength in the price. Also, RSI > 60 shows huge bullishness in the market. If we look at the OI data: ...
CNX Pharma about to break long Parallel Channel, when it break pharma stocks will move immensely.
Yesterday, BankNifty opened above the important level of 47,877 (the 61.8% retracement of the last swing) and stayed above it, gaining 1,000 points. The data looks bullish for BankNifty as well. Support Levels: Near Support: 48,129 - 48,410 Resistance Levels: Major Resistance Zone: 48,784 - 49,011 (remains the same)
Yesterday, Nifty hit an all-time high, nearing the 23,000 mark. While all data looks positive, the Dow Jones fell 600 points, so we might see a gap-down opening today. Support Levels for Intraday: Nearest Support: 22,744 - 22,767 Far Support: 22,577 - 22,623
1. Downward Channel breakout is already given. 2. After a strong breakout, consolidation is happening. 3. A strong close in a 30 min candle above 22300, can trigger Short covering Rally 4. Tgt1 is 22555 and Tgt2 is 22706 Disclaimer: This post is for your educational purpose. Learn and Earn is our motto.
Castrol India - Cmp 183. Accumulation level upto 154. Looks good for long term with Parabolic Uptrend . Targets expected Tgt 1 : 213± Tgt 2 : 272± Tgt 3 : 322+ Tgt 4 : 386± Shared it for EDUCATIONAL / REFERENCE PURPOSE ONLY in Technical side. IT'S NOT A BUY OR SELL RECOMMENDATION. Do your analysis from your side both in FUNDAMENTALS & TECHNICALS before taking...
CMP 1817 on 02.05.24 The stock price has tried several times in the last 12 months to cross the resistance levels around 1800. This time consolidating near the zone. If crosses this time, may go to 2250. One has to choose the position sizing carefully, keeping the risk management or exit in mind. This is only for learning and sharing purposes, not a trading...
It can be clearly seen that the stock price has been moving in a rising parallel channel for the last two months. If the pattern continues, the price may go to 1380/1420/1450. This setup fails if the price remains below 1300 levels. The above illustration is only my view. Only for learning and sharing purposes, not a piece of trading advice in any form . All the best.
Buy Reliance above 3000 for the targets of 3060, 3090 and 3150 Also Stop Loss 2940. Educational Ideas To motivate us, Please like the idea If you agree with the analysis.
Good morning, friends! 🌺🍬 Here are the directions for May 24th: The global market is showing a bearish sentiment based on the Dow Jones, while our local market suggests a super bullish trend. We might see a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 80 points. Nifty has broken its all-time high with a solid...
BankNifty also has a solid rally structure. Here, we will follow the same sentiment as mentioned for Nifty. If the gap-down sustains, we can expect a minor correction of up to 23% to 38%. After that, if it finds support, the rally will likely continue with some consolidation. Alternatively, if the gap-down doesn’t sustain and there is an initial sharp pullback,...
Saregama from Media industry has made clear flag breakout. In 2020 Q1, it made such flag breakout and rose significantly. Similarly, 2024 Q1 breakout has happened. Fundamentally strong company. Working capital of the company rose significantly from 98 to 176 which is downside apart from valuations. In bull market, who cares valuations...haha. Mad run in many smallcap.
Hi, NSE:ABCAPITAL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario I am expecting that the bullish momentum will continue. Complete price projection like entry, stoploss and...