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Pricebehavior

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
Banknifty - has not move from last 6 daysFrom 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 will be if it breaks the previous day's high (PDH) i.e 41680 we can easily get the target of 42000 as there is no resistance. If in case it breaks the previous day's low (PDL) i.e 41430 our targets will be 41290 and 41110 levels. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:BANKNIFTY
by Garvit_Narang
Nifty - Doji on daily time frameAs 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 our target will be first 17900 and second 17970. If it breaks the previous day's low (PDL) i.e 17800 level our view will be bearish and our targets will be 17780 and 17760 levels. Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
NSE:NIFTY
by Garvit_Narang
Banknifty - 5 day same closingSo 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 day. So now also bank nifty is doing the same thing, from last 5 days bank nifty closing is the same, thus means there can be a great move tomorrow, it can be upside or downside. As bank nifty is bullish, giving a bullish closing I am expecting on the buy side. If bank nifty breaks the previous day's high(PDH) we will go long, and if breaks the previous day's low(PDL) we will go short.
NSE:BANKNIFTY
by Garvit_Narang
NIFTY - Bullish closingSo 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 pattern. so our analysis for tomorrow will be, our view is bullish now so we will take only an upside entry. If nifty breaks its previous day's high(PDH) i.e level of 17190 we will enter into trade and our first target will be the 17970 level. So if it opens below its previous day's closing we can expect nifty can take support from the 17825 level (last swing) and can reverse from it. Our view will be bearish if only it breaks the previous day's low (PDL), level 17780.
NSE:NIFTYLong
by Garvit_Narang
NIFTY - 15 min.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, we saw today's market was in range and breaks a trendline. If the level of 17850 breaks we will take an entry for the downside, in that case, our targets will be 17800 and 17760 respectively.
NSE:NIFTY
by Garvit_Narang
Price Action Analysis with Candlesticks(Part-1) Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis. we have 3 methods to identify price action with candlesticks. 1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES) In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.
NSE:BANKNIFTY
by SriTrader5121
2
IOC: Looks like Sell on rise Bearish IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those levels might indicate Long Positions taken in IOC in the last 3 months have been trapped & the stock may fall further towards 368-354 levels, testing their nerve... Do read our previous post on IOC Take care & safe trading...!!!
NSE:IOCShort
by indiamarketoutlook