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Nifty is bullishAs we know, the price does not move up or down like a rocket, it has to take a pullback or a pause. So after a trending day most probably the market stays sideways. As you can see today's market was in a trend and most probably tomorrow it will be a sideways market, and our analysis will be simple if nifty opens above the previous day's high(PDH) market can get resistance from the 17970 level and will be in a range the whole day. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:NIFTY
by Garvit_Narang
Banknifty - finally price moves.Finally, bank nifty closes away from its 6-day closing price. So now what will be our analysis for tomorrow? Today after falling in 1st half, bank nifty was in a tight range in 2nd half. If the bank breaks the 41400 level we can target the previous day's high(PDH) i.e. 41660 level, and if the breaks the previous day's low(PDL) 41170 level, our target will be 41000 level as it is a psychological level. On the other hand, if it opens, above the 41400 level, PDH will act as resistance, and below the 41170 level, the market will most probably sideways. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:BANKNIFTY
by Garvit_Narang
Nifty down - India vix high So from last week india vix was below 13, which means option prices were not moving due to the low of india vix. So today nifty fall and after falling it was in a tight range of 70 points between 17800 and 17720 levels. We can expect a trending move as well as a range-bound market. So if it opens in a 70 points range and breaks the 17800 level we can expect the previous day's high (PDH) target i.e. 17880 level and if breaks the level of 17720, our target will be 17655 level. On the other hand, if nifty open below the previous day's low(PDL) or gap down most probably the market will be sideways and if it opens above the 17800 level , 17880(PDH) will act as resistance. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:NIFTY
by Garvit_Narang
ASIANPAINT - Trade/Investment - Bounce from Crucial SupportThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Second target is calculated based on range calculation method in technical analysis. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
NSE:ASIANPAINTLong
by TradewithAditya
TATA Chemicals: Bracing for a Potential Trend Reversal !TATA Chemicals has been showing signs of a potential trend reversal in recent days, as the stock price has been trading within a tight range and forming a bullish pattern. The market trend analysis suggests that the stock has been consolidating after a prolonged downtrend, indicating a possible shift in sentiment. The price action of TATA Chemicals has also been showing a higher likelihood of a breakout to the upside, as seen in the series of higher lows and higher highs forming on the charts. Furthermore, the technical indicators such as Moving Averages, Relative Strength Index (RSI) and the MACD have been signaling a bullish bias, with the RSI breaking above the 50 level and the MACD line crossing above the signal line. These indicators provide additional confirmation of the potential trend reversal, making TATA Chemicals an attractive prospect for traders who are looking for a potential buying opportunity.
NSE:TATACHEMLong
by akshatjn
1
Green or Red February for Bitcoin?After a massive bear run, BTC holders saw an almost 40% gain in Bitcoin price in Jan 2023 pushing the fear and greed metric into the “ Greed ” zone. After a strong rally in January, what is next for Bitcoin? In the last 8 years, we have seen a green February for Bitcoin except in Feb 2020. Thus, we expect 2023 February to be a green February for Bitcoin. Price is above its 20 and 50 EMA on a daily timeframe and is currently hovering near its support at 22800 with the next resistance at 25100. If the price breaks this support, the next support can be found at 20-EMA. On a daily chart, there is a formation of RSI divergence which is a bearish signal although, we need to keep an eye on other metrics too. On a 2- hour timeframe, price has fallen below 20 EMA which is also acting as resistance and 50 EMA acting as support. Moving Average Convergence Divergence (MACD) line has crossed the signal line indicating possible price correction.
by teakfinance
1