Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level & this rally can extend another 400 points if market gives breakout 48550 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible reversal...
Yesterday, BankNifty reacted from the supply zone mentioned in our previous post and closed below the previous day's low, indicating selling pressure in banking stocks. Support Levels: Nearest Small Support: 47,770 - 47,840 Far Support: 47,346 - 47,542 Resistance Levels: Small Resistance: 48,210 - 48,260 Major Resistance Zone: 48,213 - 48,458 (remains the...
Yesterday, Nifty continued its upward journey and crossed 22,588. However, it couldn't surpass or close above 22,600, indicating selling pressure at higher levels. Support Levels: Nearest Support: 22,370 - 22,407 Far Support: 22,060 - 22,142 Resistance Levels: Nearest Resistance: 22,606 - 22,674 Far Resistance: 22,755 - 22,795
Short Term Trading Advice by Goodluck Capital Buy Action Construction Equipment Buy Range- 1500 - 1550 Target- 1700 - 1750 StopLoss- below 1400 Potential Return- 11-15% Approx trade duration 12 - 14 days
Nifty wave analysis for intraday, while we made wave A yesterday which hauled near 61.8% today a gentle bounce till 50% of wave A is expected after which one fall till 22400 zone
Buy Sudarshan chemical 830 till 770 for 890/965 and 1050 in short to medium term. Invalid below 725 on weekly closing basis. All time high breakout happening in the sector which is mostly the laggard sector. Their chemical is in big demand after closure of many global plants.
Banknifty had a more flattish tone today compared to Nifty. The hesitance to get past the 48115 resistance was clearly visible. Even though Nifty closed the day flat, BN gave up some points ~ 151, -0.31%. We wish to start the 22nd with a bullish view but switch back to neutral if the 48115 resistance is not getting taken out. Since 22nd is the expiry day, the...
Stance is still bullish, but the steam is just not there. Thought we would close above 22519 and pave the way for further bullishness. The first 4 candles were in green today, infact the 12.24 candle closed almost above the 22519 resistance level, but we were unable to hold the ground. For 22nd, we continue to be bullish, but a bit watchful. If we are not...
Nvidia Corporation has been in the news for the recent past and seen a fantastic run on its price with AI Technology progress.NVIDIA DGX-2™ is the most powerful tool for AI training, using 16 GPUs to deliver 2 petaflops of training performance to data teams. Adding in the extreme IO performance of NVIDIA Mellanox InfiniBand networking, DGX-2 systems quickly scale...
BTCUSD has made an new All Time High at 73794 on 11 Mar 2024 weekly candle. The recent major swing low was at 15479 on 21 Nov 2022. Its been a fantastic rise to the new all time highs thereafter. Recently we have attempted to make new highs on 08 Apr 2024 a month after the 11 mar 2024. Again another attempt is being made now at 71958 in this weekly candle. The...
Hi, NSE:INDRAMEDCO has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly 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,...
Hi, NSE:CHALET has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly 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, stop...
Stock is at ATH and retesting its January levels. The current movement is supported with good quarterly results and it is ready to give a good upside move. Target levels for ATH stock can be determined from Fibonacci retracement which is around 1520. Stock is making a good V-shaped recovery after the feb-mar pullback. Stock is expected to continue its up...
Bank Nifty has hit a high yesterday at 48259.75 which was a double top with similar high at 48258.65 on 09 May 2024 at 9:15 am candle. From there we went on downside to hit a swing low of 46983.25 on 13 May 2024 at 10:40 am candle. For intraday the range levels are 47987 and 48109 to watch. Expansion on either side could be 48230 and 47865. Further expansion if...
Hi, NSE:SAIL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly 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,...
As we can see despite the breakdown in the daily time frame, it managed to recover almost 500 points and kept on rallying. Despite the weak opening of both the index, it rallied and looks like heading towards new ATH. Hence as long as NIFTY is above the structure we may see few more couple of new highs in NIFTY before 4 June so plan your trades accordingly.
This analysis is for informational purposes only and should not be considered financial advice. Shorting stocks carries significant risk and can result in substantial losses. Always conduct your own research before making any investment decisions.
Its seems like price going to keep moving upside price has been taken support from trendline multiple times so can go long for a intraday move price keep moving in upward direction '