BankNifty Analysis - Stance Neutral ➡️ The level of reluctance BankNifty shows to crack is really intense. Usually, Banks react badly to any situation. We now have a peculiar case wherein Nifty has been downward facing for the last 3 consecutive sessions whereas BankNifty has stayed neutral. BankNifty has been losing points steadily, eg: it lost 191pts today but...
Let's take a look at the exciting gold news of the week! Since February 28th, the gold market has truly heated up, with prices soaring to new heights and gently landing around $2,160 per ounce in Friday's Asian session. The expectations of a Fed rate cut in June have breathed new life into the sails of gold prices. And it was none other than the suggestive...
Welcome back to a fresh discussion on the gold price for the upcoming week. In the past week, gold has witnessed an impressive surge, continuously climbing from $2035 to $2088 and maintaining a stable price around $2080 in the early hours of Monday. Looking ahead and building a strategy along with forecasts for this week: A survey involving 14 analysts revealed...
NSE:RBLBANK after a downtrend was able to break an LH which is a Bullish Signal and standing on a Trap Zone. Hence the expectation is it will move up for the Long Term. Entry: CMP: 266.55 | SL: 197.70 | 1st Target: 438.65 | 2nd Target: 716.40 Though Buy on Dips would be a better strategy. Disclaimer: Stock trading is inherently risky and you agree to...
3 Reasons Why NSE:TFCILTD can be a Swing Long trade. 1. Price is in Uptrend and creating continuous HHs and HLs on the chart. 2. Price has revisited the uptrend line and this can send the price up. 3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss,...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and...
Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...
Since August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High. As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of...
As per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term. 1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend. 2. Channel Formation. 3. LTF trend change signal formed due to the break of an LH and an HH formation. The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment...
BankNifty Analysis - Stance Neutral ➡️ Is BankNifty bearish? - absolutely not. Is it bullish? It's too early to say. One thing is sure - there is some weakness impacting the banks. Are the unsecured loans haunting them? None of the balance sheets from the quarterly results are bleeding - but something is still bothering them. Today was a fine day for the banks to...
BankNifty Analysis - Stance Neutral ➡️ BankNifty was more flattish today even though the chart pattern shows a bearish tinge. We lost 145pts ~ 0.32% today, but if a trader got into a straddle position after the first candle - it would have ended quite perfectly today. This means that the net loss for the banknifty was decided in the opening 4 or 5 minutes and the...
Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...
NSE:CENTRALBK In the past was in a severe Down Trend, but currently, it has created a U-shape recovery, which should take the price up to 122, which is approx.136% Return on Investment from the current market price. But before going up there can be some consolidation and a small drawdown. Disclaimer: Stock trading is inherently risky and you agree to assume...
NSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend. The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx. This Stock should be Bought at every Dip and Hold for a Target of...
Hello Friends, I have raised some questions and tried to answer on the chart itself. Please read them properly and try to understand. Now, I gave you some hints on the working of Stock Market in my last working on this stock only, but I am sure none of us would exerted enough to understand. Please make it your bible and try to understand at least once a day....
NSE:BANKNIFTY At a Crossroad. After a big rally, it has created a Cup and Handle Pattern, which is a Bullish Pattern. The minimum target in that case would be 47000. But if 43600.35 Support is taken out then a Double Top will form which can take the price down to at least 40000. So, one should trade with caution. At this crossroad between two opposite bias...
Sharing my observations on the stock 1. Has been bullish for long 2. formed a slanted HNS, what does it say? reversal of the trend maybe 3. the higher high is no more forming and rather we see a lower high, is the bulls in trouble now? 4. the higher lows still continuing so could not say a real bearish trend or reversal. 5. ready to initiate a short one...
BankNifty Analysis Since BankNifty is in the neighbourhood of support and resistance, it is quite easy to explain with examples. The open was almost inline but we started dropping fast. We gave up 438pts ~ 1.02% by 09.40. Unlike Nifty50, I did not find it that encouraging to look out for bearish opportunities. The main reason is the decay of premiums. None of the...