Nifty has given a nice marubozu candle on the weekly time frame with a good volumes.
On the daily time frame, there is a RSI divergence and there is a good volume on the closing day.
There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher.
On the hourly time frame, the market is still sustaining...
Since December 2022 to May 2023, it has to make three lower lows highs, as well as its break down, then consolidating on May to July 2023. Since January 2023, it has decreased by about 220 points, which is a lot. CMP is presently in the 570–580 range.
I think that at this point, there should be solid support and a possibility to take good retracement. It has...
Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels.
Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH.
The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low.
On the...
Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts.
On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages.
Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway...
Chart - Heikin Ashi
Timeframe - 4H
Resistance Zone - 1635 to 1647
20 ema - 1634.25
50 ema - 1643.36
100 ema - 1664.89
200 ema - 1710.45
Fib Retracement :- 38.20% level 1732.88
50% level 1789.44
Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema.
Trade Setup :-
1. Enter on the breakout of...
Small gapup opening on 5th Sept. Market may see profit booking and may take support near yesterday closing price (19821 to 19791).
1st Target 19871.
2nd Target 19915 to 19927.
3rd Target 19975.
Rocket movement may be seen up to 20055 if market sustain 19950 after 2.30PM.
The above analysis is based on Fib Retracement.
Gold braces for the second consecutive weekly gain as it confronts the key resistances on the US Nonfarm Payrolls (NFP) day. Among them, the four-month-old descending trend line is the immediate challenge for the XAUUSD bulls around $1,945 ahead of the $1,955 crucial hurdle comprising the 100-SMA and the previous support line from late 2022. It’s worth noting that...
PIIND on daily chart has formed harmonic pattern and has potential for bullish run now.
Stop Loss on closing basis - 2899
Target 1 - 3289
Target 2 - 3630
Target 3 - 3698
If target 3 is achieved then 4051 is next target after retracement.
Stock has tested 124 multiple times, I see possible breakout without retracement. One can enter now at cmp or enter at 1D breakout candle... FOR TARGET 185 i.e 93%
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
Following last week's strategy, I brought it by connecting it to the...
The stock gave an ascending triangle breakout and after the initial impulsive move, has corrected.
It retested the initial breakout level of 86.5. The corrective wave retraced 61.8% of the impulsive wave which is a great retracement.
The RSI has also cooled off.
The stock looks good buy above 91.2 level, carry on day closing basis for positional targets...
Looks like we are going for a small retracement. Fib levels confluence value area high of the push up is looking good for a small bounces. Let’s see what happens next
Wait for breaking of this square either way. Most likely scenario is that after hitting the red trend line at the base, it will bounce back. wait for retracement.
Author uses Gann, Fibonacci and Wave analysis along with his unique indicator. which avoids tedious Price- Time and Volume (PTV) analysis.
For execution, please use other indicators like Williams%...
