As 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...
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...
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...
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...
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 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,...
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....
Current Supports for Nifty 50 Markets are falling from last October 2021 and now there are some hope for comeback (Demand Zone in Nifty 50) Be cautious, because the global problems are still existing. If the 16000 will not hold the Nifty as a support, than Nifty will be soon in the Range of 15000 - 16000 Enjoy!
natural gas forming head & shoulder pattern in 15min time frame SELL@ 379 SL@382 TGT@360 ( 3rs stoploss / 19rs target )
Pre-Open Stock Chart-2 #INDUSINDBK Yesterday after giving Down-Trend, it has been settled in the zone 1326-1335 in last couple of hours. Multiple times it tried to break the range but fails every time. If it is able to sustain below CZ Zone, it can easily go till 1320-1310 zone. Buy Setup can be only initiated after break of trendline and CZ #LearnWithKRMG
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...