Continuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
With a closing price of 125.80 the price has given the breakdown of S1-126. The price could test the lower levels of S2-122. For tomorrow keep an on the opening price. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Wyckoff Bearish Distribution Schematic #1 Price has been overbought since Feb 2024 31st May and 4th June movement was first indication of the bears
Today we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There is no change in the structure and the price has failed to close above 130. But the price is still in the positive zone. For tomorrow the intraday range is 130 to 136 and 126 to 122. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
FEDERAL BANK (1D TF) - Swing Trade Analysis given on 5th June, 2024 Pattern: ASCENDING TRIANGLE - Volume Buildup at Resistance - Done ✓ - Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress * Disclaimer
Keep an eye on the demand zone with levels from 170 to 175. The price could be re-bounced from these levels. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
A bullish hammer candle has been formed and given the breakout of the compression zone. Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle. CMP-129.45 R1-131.55 S1-123.50 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
INDIAN BANK (1D TF) - Swing Trade Analysis given on 21st May, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance- Done ✓ - Change of Polarity - In Progress * Disclaimer
Stocks to Keep in Radar for Next Week ⏩ SBIN ⏩ NMDC ⏩ BHEL ⏩ DLF SBIN is consolidating in narrow range from past many sessions If decisively sustains outside the Box range, directional movement could be possible However in case of Bearish pattern at upper end of range it may come back to prev week's range Important downside support is around 800 zone whereas...
Strong Stock from Strong sector (PSU Bank): IOB, UCO bank, PSB, Central bank of Ind, Maha Bank already showed momentum. -One simple horizontal line setup, took support from 21 ema. And now squeezed between 10 ema n resistance level.
Daily: Trend Negative, The Hammer candle formed in the compression zone decreases the probability of the next negative candle. 5m TF: Trend Positive, Break of Structure
#psubanks looking great!! Sharing my Favourite. #UCOBANK Good base formation done , volume almost dried. Reversal signs seen Support levels marked on the charts Keep in Radar Disclaimer - All information on this page is for educationaland learning purpose only. We are not SEBI registered financial advisor.
RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci. The index could be volatile in the range of 6840 to 7300. The constituents could experience high volatility in the coming week. A fresh trend is formed above the level of 7300. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
State Bank of India (SBI) an Indian multinational public sector bank and financial service ready for big rally. In recent quarter we saw a tremendous growth in banks financial statements and we got confirmation on chart that stock is ready for Rally. In past few weeks we do see stock form double bottom pattern on weekly basis. CMP : 820 SL : 760 T1 : 880 Note :...
Hi, NSE:CENTRALBK has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
Hi, NSE:BANKINDIA has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
Hi, NSE:INDIANB has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...