Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
Phycological levels discussed on chart ready for range break out
Had been waiting for this breakout Price should hold above current support at smaller channel ceiling (confirmation) MFI neutral SqzMom bullish and rising Target 7035 - based off of the previous larger channel SL - 6320 (smaller channel ceiling) on EOD basis
Weekly Range for Nifty is marked on the Charts. Credit Spread Strategy can be deployed accordingly. Disclaimer: All charts are for educational purpose. Please comsult your financial advisor before investing.
SIMPLE RANGE TRADE MFI RISING SQZMOM TURNING BULLISH VIX FIX COULD SIGNAL END OF CORRECTION ANY MOMENT NOW TARGETS - 700, 730, 745 SL UPON BREAK OF CURRENT SUPPORT (ON EOD BASIS)
I'm expecting NIFTY50 to fall down up to the marked level in the intraday timeframe before further pullback towards 15900. Since sellers are in control in 15mins timeframe. Can go for PUT option. Intraday View !
SIMPLE RANGE BOUND TRADE MFI BULLISH SQZMOM JUST STARTED TO TURN BULLISH VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW TARGETS 325 350 SL upon breach of current support at 285 (on EOD basis)
TARGET 4320 MFI BULLISH VIXFIX SIGNALLING END OF CORRECTION SQZMOM SHOULD TURN BULLISH SL 3765 upon breach (EOD basis)
Simple S/R levels based on trading range. Enter and wait for MFI to fall some before the up move proceeds.
A short term buy call for Hindalco. Current market price in good demand zone and rejected lower trend line of channel. MACD shows good crossover. 9/21 EMA crossover happens. short term buy with a target of 470
As wee can clearly see here price is consolidating between two levels which is around a strong psych level 0.75 either wee can expect the price to break above or below and and give us a pull back to enter other wise it can trade in the range for the upcoming week
Nifty View: Benchmark index Nifty finds itself stuck within a tight range thanks to the recent lack of follow-through buying or selling last week. This is the 75min chart of the index which clearly shows the importance of the short term support range at (15,650-15,700). At current prices, the index has already shifted into a short term DOWN trend and a sustained...
M_M moving in a range....once it breaks out the box...check for the upside or downside trade
The stock might give a great rally upside with target of 3650 with stop loss 3100
OANDA:XAUUSD Market is ranging between 1779.028 and 1774.139 There is a buying opportunity above 1780.364 And a selling opportunity below 1772.955 Wait unlit it breaks these levels or 30min candle closes above this levels. Trick : For impulse entry trade at London or NY Timing, When 30min candle cross these levels switch to 1min or 5min time frame for best...
Nifty was range bound today (15 Jun 2021) Breakout above 15900 may give 50-100 points above slow and steadily. but if breaks down below 15825 filling the gap, then pitch is ready, playground is open for bears as Nifty is moving in channel and is at the upper end of the channel, ready to move down. Happy Trading !!!
Trend is still up as per previous post. Trail stop loss to 15660 for very short term and below 15600 its advisable to take out most of the long positions. Risk of a short term fall is slowly increasing so alertness is required. 15900 - 16000 will be a good resistance for current expiry. Trade as per the risk appetite, Spreads are much better to trade as risk is...