Resistance level:17437
Support level : 17311
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles...
Vedic Cloud and Vedic RSI Support Resistance Indicator are powerful tools used for technical analysis in the Indian stock market. These indicators are based on ancient Vedic principles and are designed to help traders make better trading decisions.
Najoomi Ji, a seasoned trader and expert in Vedic trading techniques, has used these indicators to analyze the Bank...
Resistance level:39952
Support level : 39676
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles...
Resistance level:17233
Support level : 16999
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles...
PIIND , DOUBLE TOP _ HEAD & SHOULDER PATTERNS.
Observed double top in monthly time frame
Head & Shoulder pattern in weekly and Daily time frame.
My view drawn on chart.
Currently trading on support area need to break with good volume and then wait for a retracement.
Entry after rejection.
GBPUSD pokes a 10-month-old descending resistance line as the Cable bulls brace for the Bank of England (BoE) updates. Given the pair’s successful trading above the key DMAs and a clear rebound from the 61.8% Fibonacci retracement of the May-September 2022 downturn, the buyers are likely to overcome the stated trend line resistance, currently around 1.2340. The...
Banknifty has given a doji on the daily time frame and closed above 39000 levels.
It has been taking resistance, on hourly charts, from the 20 ema and closed just below the levels.
Today, the index has consolidated in a parallel channel and formed a flag and pole pattern. If there is a break down of the pattern, nice fall can be seen in coming days and good...
Nifty on the daily chart has formed a doji and can give some retracement.
The market has clearly tested our support level of 16850 and retraced giving a flat closing.
On the hourly charts, the market has consolidated in a ascending triangle pattern and closed near the previous day close. It is taking serious resistance from 20 ema and couldn't sustain above the...
The most obvious expectation is that $NIFTY is bearish after today's fall where it broke it all known supports.
I do have the similar sentiment and i agree that this is a sell on the rise market. However, purely for 14th March, i am expecting the market to recover a bit, more in line with a retracement to the last support.
Why do i think this is expected?
Two...
Chart patterns invites us to go long after that breakout with good volumes (shown in chart).
Target levels are mentioned in the chart.
On achieving each target level, reduce the position and add it later upon retracement.
Regarding our Sacred STOPLOSS level, day candle closing below the yellow trendline or EMA shown.
*FIIs eyeing the stock as they initiated...
DJIA
Breakdown has been witnessed on DJIA
Our Dynamic Trend Averages - Orange and Green showing down trend as Orange < Green
Our Lagging Trend Averages - Blue and Red showing down trend as blue < green
Breakdown below 32500 has been witnessed.
RSI is below 50 since 16 Feb 2023 closing of 33696 and since then RSI is below 50.
RSI is now at 31.25 and DJIA at...
DJI on weekly Time frame has retraced upto 0.5 level on Fib Retracement. Expecting the trend to be up from this level, However, based on the global news Markets seem to correct as there is news related to SVB bank.
