NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow.
Nifty Broke went to the downside but quickly recovered and came back inside the descending triangle pattern (Trend continuation pattern). Yesterday, It felt...
Chart Analysis:
The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities.
Technical Indicators:
Uptrend Confirmation: The stock's established uptrend is a...
As we discussed NIFTY yesterday, "Sideways in the channel if they break to the downside, will turn BEARISH." It opened the downside and gave a very nice bearish moment.
For tomorrow, if we look at the chart and OI data, it's a very bearish situation.
if we look into OI data PCR = 0.55(weekly) and 0.80(for next week included.) that means monthly is still...
Nifty completed 3rd wave in hourly time frame and expected to move down for 4th wave up to 50% retracement.
We have seen an ending diagonal in intermediate 5 minute last wave which was 5th
Price has broken through the support of lower time frame wave.
Examining the daily chart of MCX Zinc utilizing Fibonacci retracement, notable developments are observed. In May 2023, Zinc breached the 61.8% retracement level but did not test the subsequent level at 78.6% . Instead, it retraced back to the 61.8% level. The pivotal level of 228 suggests that the downtrend in Zinc may have concluded. This level holds...
An engulfing candle on the weekly close is good for the index as it has closed near the new high.
The coming week can give a bullish move too. It has started trading above the resistance level of 21800 and closed somewhat 100 points higher after the break out.
Major support levels :- 21720, 21600 and 21500
Still market is trading above the break out, either it...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Chart Analysis:
The banking stock in focus has been on a solid uptrend, showcasing consistent strength in recent sessions. After a healthy retracement, the stock has now initiated a new momentum move, providing an enticing entry point for traders seeking short-term opportunities.
Technical Indicators:
Uptrend Confirmation: The stock's established uptrend is a...
#Nifty
Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20.
Nifty is progressing within the bullish triangle...
odrej Properties has been bearish from 2021-10-14, As seen from wave structure it looks in primary wave 2] and may have completed its correction near 1133 level. We are assuming ABC of correction has been finalized and it has started an impulsive move towards its all time high. The 1133 will be an invalidation point for this impulsive move. Long can be initiated...
The script has given a C&H Breakout and also completed the retracement.
The script can be entered into once it gives the reversal and moves above its previous high.
- Nasdaq followed the plan lately but it did after breaching its previous high
- The trend looks faded and I personally am aiming for a strong retracement
- Without a strong retracement I don't think except for scalps there is a point longing anything without a strong reasoning.
- If you are holding shorts then make sure you are prepared for a retracement...
**Support Levels (08/01/2024):**
1. **Primary Support: 21700**
- This is the initial support level. If the market opens above this level, it suggests potential strength.
2. **Secondary Support: 21600/21500**
- In case of a gap-up opening, 21600 and 21500 can act as additional support levels. These levels may provide downside support if there's a...
Banknifty has given a fall in daily charts, closing below the round number figure of 48k.
It is sitting around 50% fibonacci levels. Either it will retest 38.2% level or come to test 61.8% levels.
Major Support levels :- 47675, 47460
Tomorrow is weekly expiry and today itself has given a 470 points fall. If the market remain bearish the lower levels can be...
Refer our old idea attached below.
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Midcap stocks are going to boom.
long term investment; min 40% return.
huge potential is there.
investment ;
Wait for retracement.
if you are interested in investment, go for it with small risk,
.
.
. more than that " Deepak Nitrite " is fundamentally good.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on...
Regarding Nifty: If it opens with a gap down and breaks the demand zone (21533 to 21518), then we can expect a continuation of correction with minor pullbacks. On the other hand, if it finds support within that range as per the structure, it might experience a minimum 38% Fibonacci retracement.
