Search in ideas for "SUPPORTANDRESISTANCE"
VoltasPrice was falling for few days and taken support from 1340 zone and moving up. Friday price consolidated in a narrow range. Break out can give good movement.
Buy above 1384 with the stop loss of 1372 for the targets 1396, 1410, 1426, 1442 and 1456.
Do your own analysis before taking any trade.
Sensex - Weekly review Feb 11 to Feb 14Price was moving in a descending triangle which is bearish. Price have to break the channel and sustain above 78200 zone to gain bullish strength.
Buy above 78020 with the stop loss oh 77920 for the targets 78120, 78200, 78320, 78460, 78600, 78720, 78840, 78960 and 79120.
Sell below 77800 with the stop loss of 77900 for the targets 77700, 77580, 77460, 77320, 77200, 77060, 76900, 76780, 76640 and 76460.
Do your own analysis before taking any trade.
Nifty expiry day analysis Feb 6We had a choppy range price action today. Now price is at important level. Sustaining above 23700 zone is important to be bullish.
Buy above 23720 with the stop loss of 23680 for the targets 23760, 23800, 23840 and 23880.
Sell below 23640 with the stop loss of 23680 for the targets 23600, 23560, 23520 and 23480.
Expected expiry day range is 23500 to 23800.
Always do your analysis before taking any trade.
Nifty - Weekly Analysis Feb 3 - Feb 7Price broke the channel, but unable to sustain and again moved inside the channel. So what next? Near by resistance is 23620 zone and support is 23500. Where to buy or sell?
Buy above 23520 with the stop loss of 23480 for the targets 23560, 23600, 23640, 23680 and 23720.
Sell below 23440 with the stop loss of 23480 for the targets 23400,23360, 23320, 23280 and 23240.
Always do your own analysis before taking any trade.
Bank Nifty - Post budget analysisPrice is still facing resistance at 50k and not sustaining above it. Bullish trend should develop strength to break this resistance and move up. Support levels are 49300 and 49500. Below this zone bears may take control.
Buy above 49500 with the stop loss of 49420 for the targets 49580, 49660, 49780, 49900, 50040, 50120 and 50240.
Sell below 49300 with the stop loss of 49380 for the targets 49220, 49100, 49020, 48940, 48800 and 48720.
Always do your own analysis before taking any trade.
Budget Day Analysis - NiftyHi guys, price is at important bullish zone as of now. It has taken support and broke the trend line resistance. Also price has formed a strong bull candle. So what will happen tomorrow?
Now trend deciding zone is 23500. Sustaining this zone is important to be bullish.
Lower time frame shows, price has sustained above the channel resistance.
Please note price will be volatile during budget. If you have less experience, just watch instead of trading.
Buy above 23520 with the stop loss of 23480 for the targets 23560, 23600, 23660, 23720 and 23760. Sell below 23400 with the stop loss of 23440 for the targets 23360, 23320, 23280 and 23240.
Always do your own analysis before taking any trade.
Colorful dots... what are they? Mood phase indicator in TradingView. Check it. 😀
Pre budget analysis - NiftyPrice has broken the resistances ie lower trend line of the channel and ascending triangle. Now price is nearing the important zone 23300. Sustaining 23000 is important to be bullish.
Buy above 23320 with the stop loss of 23280 for the targets 23360, 23400, 23440 and 23480.
Sell below 23240 with the stop loss of 23280 for the targets 23200. 23160 and 23120.
Do your own analysis before taking any trade.
Note : Some times price will move in range before budget day. And may be choppy. Trade mindfully.
Nifty is nearing important zoneI have taken daily time frame for analysis today. As per the chart, price is below the support, but today's move is bullish.
To move up further price has 2 road blocks.
1. Resistance zone 23240 - 23320.
2. Trend line resistance.
Price have to cross these two hindrances to move up further. It will be needing more bullish power to do that.
Do your own analysis before taking any trade.
Lower time frame chart is bullish.