Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels.
The markets has been in a bull move and this can be a retracement before another bull leg.
On the daily time frame, the marekt has tested its 20 ema and closed above it.
As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels.
The...
It has well below its 20 dma which is at 18528.\
Major contributor of its decline is IT sector and Reliance is also not helping it.
Even nifty FMCG sector had declined to some extent.
Nifty IT is at horrible state trading below 50.20.200 dma.
if we consider the rally of nifty as 1,2,3,then this is 4 th wave pulll back.
But 3 wave rally defenitely can not be...
3750 is the potential target on the short side based on the harmonic shark pattern and it also coincides with the fib level (0.5-0.618 zone), making it even more lucrative to initiate longs in anticipation of a reversal from the said zone. However, given the fact that the recent fall had no retracement whatsoever, a possibility of a retracement at the current...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Remember yesterday's discussion around the 43255 support region, thats exactly where bank nifty opened today - 43261.
Had a real eventful expiry today, with almost a 500+ pts fall from 14.20 to close. Yesterday we discussed about a roof…banknifty.medium.com
The 1st candle took support and closed the gap, the 2nd and 4th candle also closed in green taking bank...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 12.
Bitcoin 4 hour chart.
Today's approximate top...
🔴DISCLAIMER
***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
#NIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#BANKNIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#BANKNIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#NIFTY waiting for retracement and Price trading in nearby 1hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 1hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
