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BANKNIFTY : for 25th Mar ImportantBANKNIFTY is near important support. Bank nifty looking weak compare to Nifty. In Chart you can see daily support near today's close. if its broke we may see GAP filling given in chart. So tomorrow positive opening and closing is very much important for Bank nifty. Lets see and trade accordingly price action. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:BANKNIFTY
by ChartsSpecialist
NIFTY : Levels for 25th MarNifty : After Gap down opening nifty able to recover and not broker today's low. also its forming triangle pattern. If we see gap up opening and sustain market its very positive for market. Wait for market to stable and broke no trading zone. Levels are updated in chart Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing Like, Share, Comment for regular updates & Motivate me :).
NSE:NIFTY
by ChartsSpecialist
Charts of the Week: GRASIM; WIPRO; PEL; GSPLThis week four stocks viz GRASIM; WIPRO; PEL; GSPL have been selected as charts of the week that look strong on weekly charts. Please watch video and write suggestions or comments if you have. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
NSE:GSPLLong
by Gann-Elliott-Trader
CHARTS SPEAK BEFORE ANY MOVE ELSE YOU KNOW HOW TO READ !!COMPARING MY FRIDAY STATEMENTS WITH REAL MOVE O TODAY. 1.In previous post point no.2 every thing mentioned crystal clear, " I expect gap down open with the target of pink support." . Any body can see the price touched exact pink line even did not take any support from line. Every day I show you the precision of my zones, srpport,resistance work so accurately that I myself gets confused to see their working. In last post I shared the psychology of this fall in detail same has been proved by market. Why I say markets love my analysis with confidence because I try to manifest one day prior the move with consistent strike rates. 2. One of my followers asked sir why you give trend line( like yellow one) when it does not qualify the condition of trendline. Now see yellow line is not trend line still working as same. I think this concept is now clear to you. Untill and unless this ref line is breached , slightly it can but not more than that is breached nifty will move down with the target of blue zone. It can be upper end or lower end of zone. 3. Charts speak itself that has already shared in previous post and proved today. So make charts your friend , understand the unique langauge of stocks. The sooner you will start , the more you will earn.Tomorrow I find volatile trade like long leg doji type. Rest market will decide. YOGESH VATS
NSE:NIFTY
by yvatsji
1
FOMC Minutes in the Charts: EUR/USD & GBP/USD FOMC Minutes in the Charts: EUR/USD & GBP/USD During their June meeting, minutes released on Wednesday indicated that almost all Federal Reserve officials expect further tightening in the future. Despite the majority's belief in upcoming rate hikes, policymakers chose not to increase rates due to concerns about over-tightening. They acknowledged the delayed impact of previous policies and other factors, which led them to skip the June meeting after implementing ten consecutive rate increases. Out of the 18 participants, all but two anticipated at least one rate hike to be appropriate within this year, while twelve members expected two or more hikes. The prevailing consensus that the US central bank will raise borrowing costs by 25 basis points at the end of the July policy meeting has lent some strength to the US Dollar and exerted downward pressure on the GBP/USD and EUR/USD. The DXY (US Dollar Index) surged above 103.30, reaching its highest level of the week. EUR/USD further declined to the 1.0850 region. The outlook for the Euro has turned negative as the EUR/USD pair dropped below the 20-day simple moving average (SMA). If the GBP/USD pair falls below 1.2700 and confirms that level as resistance, the next potential bearish targets could be 1.2680, 1.2658, 1.2647 according to fib retracement levels and previously pivot points.
by BlackBull_Markets
Still looking @TV News or listen to what charts tell us directlyDid I know about any news coming out on TV which will take IT stocks down swiftly... Definitely not... So was I lucky enough to be on the right side when news came out... It depends on how you look at it.. I always believe Stocks do have a way of communicating... they do try to tell us a lot... and it is up to us whether we are open to listen to them... Charts are one of ways of communication they try to use. Derivatives Analysis and Fundamental Analysis are other means... Following charts, Infy was indicating selling pressure likely to be expected around 990 levels & Wipro charts were suggesting selling position around 568 had good risk : reward ratio One has to wait & wait patiently for the levels to come and then wait patiently for the targets to come... Rcom for instance made us wait for 6 months for it's target. But then we were looking for the stock to fall from 49 odd levels to 30. That was a target of 40% drop... and yes it was through technical charts... Remember Technical Analysis is not necessarily intra-day or short term. It can be handy from medium term perspective too... so the wait was worth the time... Again on 26th May 2017, the chart of Rcom was indicating no relief for the stock. In fact was indicating more hell of a downside move might break loose. And the next trading session on 29th May there was news of Rcom having problems to repay its debt and dusted the stock was down 20% So the question is were we lucky on other occasion too... I will answer it very simply I believe apart from a few lucky ones, it is study and analysis (could be technical / fundamental depending on your style) that can help in making money... Invest your time in study and analysis and chances are you might start feeling lucky...:-) Results are in front of you...Choice is yours.. Are you listening...??? Enjoy & happy trading...!!! P.S: Still not convinced... need further proof.... do look at charts of Apollo hospitals, R Com that was posted and charts of other stocks too.... For Newbies if you are looking for Technical Analysis, this is one of the best sites I have come across. And the tools that can be used to analyse charts provide enormous Armour to help you analyse the battleground (charts) from different angles and prepare yourself well before hand. Also, there are many other people who are good at Technical Analysis on this site... So Take what you can... Give nothing back...!!! [/
NSE:INFY
by indiamarketoutlook
Study on the charts of Nifty futuresEducational purpose only Study on the charts of Nifty futures ***Dow Jones is -21 as I do this study so, we consider it flat. LTP: 17503.00 Support: 17350.00 Resistance: 17600.00 & 17750.00 17600.00 is a very crucial level in the 15 min charts. It is where the price action and supertrend meet. What I mean is, the resistance according to price action and the supertrend in the 15 min chart of Nifty futures is at 17600.00 hence I say that this is a very crucial level. We can consider a bullish approach once the prices cross and close above 17600.00 Let’s understand the indicators on the 15 min charts here. 1. There is a bullish divergence here which we cannot ignore but the MACD is struggling sideways. 2. The candles are trading below the VWMA which is a sign of weakness. 3. The supertrend is bearish. The trend doesn’t look good either. We cannot, rather, we should not decide anything based on just a single timeframe, so, let’s understand the hourly charts now. The resistance at 17600.00 has been respected from 24th of January 2022 all the way to 1st February 2022 after which we saw a breakout which resisted the next resistance at 17750.00. The theory says that the resistance becomes and acts as a support once it is broken upwards. The same happened to 17600.00 level on the 2nd of February but then the support was broken on the 3rd and it carried on till the 4th which was yesterday. This again proves my statement that 17600.00 should be considered a very important level. Let’s study the indicators now: 1. Supertrend is bearish. 2. Candles are resisting the VWMA which can never be good. 3. MACD is bearish. 4. RSI has resisted the 50 zone which is another bearish signal. It looks like a new downtrend has been made starting 3rd February as well. Now, let’s enhance our study and move on to the daily charts. The first thing I noticed here is that the high made on 19th October 2021 was 18604.45 and the next peak made on 18th January 2021 was at 18350.95. This indicates a pattern called lower highs which is bearish but going deeper, let’s study the low points made. The first low point was made on 20th December 2021 at 1641.20 and the second low point that I see is made on 25th January 2022 at 16836.80. Now this is called higher lows and when we draw a pattern from the lower highs and the higher lows, we get a pattern called the symmetrical triangle (image below) This pattern doesn’t give us an idea about the trend on its own but it does provide with liquid resistance and support. What is means is that a trend can be confirmed if the resisting or support trendline is breached. Now, going back to the main chart (hourly timeframe chart 1), let’s understand the indicators: 1. The candles have resisted the VWMA which can prove bearish. 2. Supertrend is bearish with resistance at 17900.00 3. MACD is sideways and we will consider it neutral. 4. RSI, like MACD is neutral. Now, after understanding charts drawn on all the above timeframes, let me draw a conclusion. Conclusion: 1. The trend can be considered as neutral until we get a close above 17600.00 or below 17350.00 2. Nifty seems to be range-bound between the mentioned resistance and support. 3. Trading strategy can be swing trading which means buy near the support and sell near the resistance but a long term idea cannot be derived.
NSE:NIFTY
by virralthakkaar
Bank Nifty is on the lower band of a channel on 30 min. charts. Bank Nifty closed at lower band of a channel on 30 mins charts. (27-09-19). It is indeed at a make or break level, traders can hold longs or create fresh longs (29950 and above) if it is seen moving up from these levels keeping a stop loss at 29710 or 29626 depending on your risk profile. Do not take any short positions as long as 28480 is protected. Other indicators are as indecisive as the index itself, 30 min. or one hour charts are indicating neutral market which can move in either direction. All one can say looking at charts is, even if the market does not go down much, the consolidation will take a some more time before it can digest the massive 5-7% rally that we saw in past few sessions. Beyond the charts, the markets behaved a little weird today, there was quite a bit of selling at every rise. Not sure if if was short position built up or long unwinding. Despite so many shorts still in the system, such volatility was not very comfortable to say the least. My humble advise, it is so important to follow the stop losses for all leveraged long positions, global conditions are not very favorable for risk assets, caution is necessary.
NSE:BANKNIFTYLong
by ipuneet
3
NIFTY50 Head & Shoulder Pattern in Weekly Charts₹₹Nifty50 making Head & Shoulder in Weekly Charts with Price range of 3000 points(23266-26277). If Chart Pattern play-out perfectly then Target price range will be 2500-3000 points till 20288 levels. Nifty50 also have a gap on 20288 levels bcoz of Election Results of 4 States on Dec 3,2023 after that rally started. Now Nifty50 can fill this gap if Chart Pattern play-out perfectly. I will wait for Nifty50 to break down 23266-22777 levels zone & closing below 22777 levels. If Nifty50 close below 22777 levels then Short Nifty50 for Targets of 22122, 21777, 21288, 20777 & 20288 with Stop Loss of 23444. But this Pattern will fail above levels of 24555. Most Important we have to carefully watch RELIANCE bcoz it's already at 52 week lows & At Parallel Channel Support in Monthly Charts. If Reliance also give breakdown of channel then it will be easy for Nifty50 to reach all targets. Similarly HDFC BANK at upper Resistance of Parallel Channel in Monthly Charts.
NSE:NIFTYShort
by K_Dyadav