Nifty & Bank Nifty have been trading in a sideways to consolidation mode for the past few sessions Nifty is facing resitance around 23450/500 zone, with support placed aruond 23200 level Wait for price to break the Range & track for opportunities in that direction
Overview & Observation: 1. Price is sustaining around the upper channel. 2. RR not favourable 3. If the price holds around current levels, a long position can be planned. 4. Wait for confirmation of a healthy breakout and candle formation. W TF: Trade Plan: Entry Point: Post-breakout confirmation around 3000. Stop Loss: 7-8% Target: 10-12% - Stay...
Topic - RELIANCE Neutral Levels and Zone Tomorrow's movement Prediction of Reliance Industries Limited RELIANCE appears to be in uptrend. But this trend seems to be weakening. Price is above an important level of 2897.2 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Reliance...
Reason I choose RELIANCE TO trade beacuse of its huge weitage. Huge Weitage stocks to be considered the less volatile & safe instrument to Trade. As RELIANCE is trading in the Range from Few Weeks, Do not plan to execute orders below the 3050 Levels. If the WEEKLY CHART crossed above the level then only I will plan my trade in RELIANCE. MONTHLY RSI > 60....
Indian benchmark showed correction & lose more than 6% on Vote counting day. Nifty broke below imp swing low & showed sharp correction to came near 21300 level A Big Long candle has formed on Daily TF, erased last few months gains The imp upside hurdle is placed around 22500/600 level whereas downside support is around 22200 zone Track for price to form...
The market witnessed the session of june 3 with Robust gains, following Exit polls results. After Big Gap up opening Nifty remained in postivie momentum & closed near 23250 level A Big Bullish candle is formed on daily chart The imp upside hurdle is placed around 23400/500 level whereas downside support is around 23000 zone Track for price to form Price...
RELIANCE all set to lead the next bull rally?! 🚀 What do you think? Adani and Ambani combined will lead Nifty to 25k?
Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 -...
Nifty remained in selling mode for most part of the week A Negative type candle has formed on daily chart Until Nifty holds above prev week low, recovery towards 22650/700+ is possible However if holds below 22350, correction towards next support could come Election Results can create Volatility in the Maket Keep Tracking Charts *For Educational...
Topic - Nifty- 50 Neutral Levels and Zone Tomorrow's movement Prediction of Nifty 50 NIFTY_50 appears to be in uptrend. And this trend seems to be continuing further. Price is below an important level of 22622.71 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Nifty 50 NIFTY_50...
Topic - Banknifty Neutral Levels and Zone Tomorrow's movement Prediction of Nifty Bank NIFTY_BANK appears to be in uptrend. And this trend seems to be continuing further. Price is above an important level of 48616.09 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of Nifty Bank...
Nifty showed correction for the 5th straight session, This is also the longest losing streak in last 7 months After Gap down opening, it remained in negative trend throughout the session A Bearish candle is formed on daily chart The imp upside hurdle is placed around 22630 level whereas downside support is around 22350 zone Track for price to form Price...
Price is nearing to key support area and already in previous spike - price zone. Ideally Reliance must get support or else it will prove Indian markets are simply pump and dump and no technical works...
Buy Reliance above 2860 for the targets of 2940, 2965 and 3000 until 2765 is intact on the downside. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
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Two most popular names under Modi regime are forming bearish patterns. Obviously we are over 25 days away from results. Maybe there is some smart money play here and this fall is to trigger retailers to sell and they make their long positions here. I have already shared about a possible double top on Nifty. Breakdown is far away. Why I feel this is more of smart...
Reliance is showing signs of support at important levels. hope it holds and rise further.... But FII selling qty will decide i think....
Which sector has highest weightage in Sensex? Point #3: Sector/Industry Weightage in Sensex The weight of each sector is also indicated. The weight of the banking sector is most dominant in the index, followed by IT, and Oil & Gas. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and...