Banknifty Index Long Levels
Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment:
Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term...
Current market indicators suggest a bearish trend for Bitcoin, with technical analysis pointing to a potential correction of approximately 20% from current price levels.
Historical Context:
Examining the cryptocurrency market's performance over the past seven years reveals a notable seasonal pattern. During summer periods, the market has exhibited a bearish trend...
Bitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our...
Technical Analysis Overview
Current Price: INR 2,109.20
Volume: 1.143 million shares
Price Action and Trend
Recent Movement: JBM Auto Ltd. is showing significant bullish momentum,
Resistance Breakout: The stock has successfully broken through a key resistance level around INR 2,000, indicating strong upward momentum.
Support Levels: The nearest support is...
Thos chart measures historical pre halving rally, which averages to 360% which bitcoin has continued in this cycle too, and expectedly 40-15 days before halving it reduces in price by 30% following the next 150 days it breaks ATH into price discovery and and each run last for approximately 524 days, using this historic data the expected Top for bitcoin lures from...
The image you provided appears to be a cryptocurrency trading chart for AdEx (ADX) against Tether (USDT) on the Binance exchange. Here are some observations based on the chart:
Price Movement:
The chart shows candlestick bars representing price movements.
A significant green candlestick around February 19 indicates a sharp increase in price.
However, there have...
NSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis.
Entry Logic 🎯:
The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at...
As we have discussed, Banknifty breakout of inverted HNS. It has completed the target of the HNS pattern. Now, it must take some consolidation or a shortfall to the downside to balance the Demand and supply. Also, this is a resistance level; it's likely to take resistance according to the historical data.
Reasons:
Price >> EMA(13,50,200) need some...
Prakash Pipes Ltd , currently at CMP 448.90, has recently experienced a breakout. Historical data suggests that breakouts with significant volume tend to perform well. Today, the price has broken out with notable volume.
Key Points:
Breakout Observation: The breakout pattern, particularly when accompanied by substantial volume, has historically yielded...
Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in...
Hello Traders and investors,
As we can see the reliance was consolidated in a range by last two years after bullish rally, may be now reliance is ready to fly again as per technical analysis.
A proper range bound zone and we can see the supply and demand zone as range of last two years.
A proper downtrend channel pattern and trend line breakout happening in...
Hey traders and investors,
I wanted to bring your attention to an exciting opportunity that's been on my radar - GRM Overseas . This stock appears to be setting up for a potentially lucrative move, and here's why you might want to consider it for your portfolio.
🔄 Rounding Bottom Formation (Long Term):
GRM Overseas has been in a bottoming process for an...
Crude oil bullish divergence is a valuable concept in technical analysis that can help traders identify potential trend reversals and make more informed trading decisions. This article will explore what bullish divergence is, how to spot it on crude oil price charts, and practical tips for incorporating it into your trading strategy.
Understanding Bullish...
Trend analysis is a statistical technique used to identify patterns and changes in data over time. A trend analysis idea could involve analyzing historical data to uncover insights about the direction of a particular trend, or it could involve tracking current data to identify emerging trends.
