If the value of Gold crosses below 1854, Target expected is 1840. SL 1863
KPIGREEN - Positional trade Long at 463 with SL at 440 and targets of 510, 540, 560 Follow strict SL. Only for educational purposes ;)
Those who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently. The analysis is done on weekly as well as on...
From the last six days bank nifty has given closing near the 41500 level and in price action theory price can not remain the same for a longer period of time it has to move either upside or downside. And that trending move bank nifty can give us on Monday either up or down, most probably it will be on the upside as bank nifty is still bullish. So our analysis...
As from the last three days nifty hasn't given a trending move and was in a tight range. On the other hand, it has made a doji candle on a daily time frame. So for Monday, our view will be for both sides because it can give us a trending move either upside or downside. So if nifty breaks the previous day's high (PDH) i.e 17875 level our view will be bullish and...
As you can see here Mahindra and Mahindra chart, what does this chart show? This chart shows us that it has given a breakout of a beautiful pattern or of a range of 175 days. As you can see this stock first breaks the all-time high of 978 and then move as fast as a rocket and for the last 175 days it has been in a tight range and making a beautiful pattern i.e...
So bank nifty today also closes on the same level where the last four days close. What I mean to say, the means price cannot be on the same level for a longer period, it has to move up or down. In this chart, I have given you an example of last week's (black pencil mark), from the last 4 days, the closing was on the same level, and on Friday it was a trending...
So after a hugely volatile day, nifty breaks the day's range and closes near its day high which clearly shows nifty is bullish. as you can see in 5 min time frame after the breakout of range, sellers were trapped at the 17825 level, and from that level nifty breaks it's days high (DH) and after the breakout of DH now nifty is consolidating and making pole and flag...
As per Chart Bank nifty has been trading in range Bound . You Can See Bank Nifty facing resistance fib Level 61.8% From last three days and Not Seeing any heavy rejection .. If bank nifty Cross's 41750 to 41800 level .. its Breakout area For Bank Nifty. If Cross 41800 Level Then We can See good Upside Movement In Bank nifty. Reversal below 41700 level go short .
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As we have observed from the last four days closing was on the same level so we surely say that expiry day i.e tomorrow will be a trending day whether it will be upside or downside. so our levels will be if it breaks upside the level of 41712(PDH also) we can easily get the target 42000 level, and if breaks the level of 41400(PDH) it will give us the target of...
As we saw yesterday, there was a symmetrical triangle in 5 min time frame. Today in the opening, the triangle breaks on the upside and we achieved the 1st target of 17870. So for tomorrow our analysis we will go bullish if it breaks the level of 17900 i.e previous day's high (PDH) we can achieve the second target which will be the 17970 level. On the other hand,...
Nifty had formed a symmetrical triangle on 5 minutes time frame. If it breaks level of 17650 i.e breakdown of triangle can give us a 1st target of 17500 i.e 150 points and 2nd target of 17440. On the other side if breaks the level of 17800 i.e previous day high (PDH) can give us target of 17850 and 17970 levels.
Hii This is my analysis on gold first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider . and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout . and i use Hikanashi to show...
Nifty is forming LH,LL formation on Daily time frame. It's holding 200 EMA as of now but has tested 4 times last week.. For me trend is bearish
41500 monthly pivot Its not easy to break, may be a fake rally, Try it on your own risk..