Nifty completed the rounding bottom but failed to clear the resistance of 18320. Now the rounding bottom pattern is invalidated and from here on range in nifty for upcoming days is 18320 zone on upper side & 18050 area on lower levels. Until nifty moves beyond any of these levels it's in indecisive zone.
JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind:
LONG ABOVE: 983
STOP LOSS: 945
TARGET: 1021
SHORT BELOW: 945
STOP LOSS: 983
TARGET:...
We have been in the same range as yesterday (Consolidation Phase)
Expecting a big move (400-500 Pts) once the range is broken - No Bias
Patience is the Key ! Wait for your turn :)
Happy Trading Folks !
Expecting selloff at the range of (15967-16004) if Nifty break the level of 15400 and sustain for the day we can expect a downside side move for the coming month (a small correction)
If Nifty close above 15900(on a daily close basis ) it can reach 16250++ (Buy only after the breakout from the resistance zone )
Personally, I'm expecting Nifty to reach 17000 by...
Price is consolidating in tight range from last 1.5 month. One can add this to watchlist to track for upper breakout or down breakout and price retesting support line.
Trading Opportunities:
1) Upper breakout with volume for long position
2) Lower breakout and price taking support and reversal
So, tomorrow if Nifty cross 15840, then we see the upward momentum.
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If Nifty goes down below 15760, then we should buy pe.
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If Nifty is in rangebound between 15760-15840, avoid trading on tomorrow.
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What's your view on this comment below in the box.
So as you seeb Banknifty touch the level of 35220 and then reverse.
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In the previous day you can see there is a strong resistance on the level of 35220.
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It touch multiple times, so for tomorrow there is two scenarios.
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1. If Banknifty break the level of 35220 then you should go for CE after the confirmation of 15 minute green candle.
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2.Maybe Banknifty is in...
As you see in there is a strong resistance of 1203 in the AU Bank Stock,
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In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed.
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But now there is high volume so two thing can happen in this case.
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1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323.
2. Maybe AU Bank can be...
So, 35800 and 35500 are both crucial levels for Banknifty.
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If Banknifty cross the level of 35800, then the next level is 36000, at that time you can buy CE.
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If Banknifty break the support of 35500, then you can buy PE.
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If the breakout doesn't happen, then the Banknifty will be in range bound between 35500-35800
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What's your view on this comment below in the box.
Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Death Cross Confirmed in 1D Chart ✅
So far Bitcoin is Moving Inside the 34-41k S/R Range..
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
If Daily candle Closed Below the 34.5k Support, Bitcoin Might Retest the 31k Horizontal Support Area 📉
A close above...
After the breakdown of strong resistance, the stock is consolidating.
Keep an eye on this. Could see a good move in both directions on the range breakout.
Follow the price action.
RangeBound market with High Volatility
Bullish harmonic Buy level 34400
& Bearish harmonics Sell level 35800
Be caution expecting a huge sell-off on 21/22 June Trend reversal day
But this week we can expect a range-bound market, the market can be volatile but closing will be 35800-34300
Disclaimer: Please consult your financial advisor,
Investment/Trading in...
Be caution expecting a huge sell-off on 21/22 june Trend reversal day
But this week we can expect a range-bound market, market can be volatile but closing will be 15620-15950
We can expect to sell at the range of 15910-15950
Buy level of 15619
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market...
According to chart history, Nifty can give the gap down on tomorrow.
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But momentum is bullish so if Nifty cross 15500, then we will go for 15600 CE.
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If Nifty goes down below 14390, we will go for for PE,
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Buy on dip strategy will in case if Nifty is in upward momentum.
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Keep Learning Keep Earning
I'm expecting a breakdown (maybe the stock can take support at the level and possible for a double bottom and move upwards)
The Reason Why I'm bearish:
1.Bearish Engulfing at channel resistance
2.Global crisis
3.Nifty looking weak
4.Rangebound breakout will be very effective.
5.Avoid taking long for this month(index looking weak )
Disclaimer: Please consult...
