BankNifty Trading Levels For Tomorrow’s Trading Session Resistance 43450-43500 Towards Target of 43700 With SL of 43400 Support 43050-43000 Towards Target of 42800 With SL 43100
The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Conclusion: Downtrend looks minimal before reaching possibility zone. Note for everyone who came across this study: This chart is only for educational purpose. This is not buying or selling recommendations. I...
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There is a strong resistance at 18240 and a chance of reversal , we take a trade if we get any confirmation candle...
1. Pinbar formed at S/R level 2. Fibonacci Retracement 61.8% confirms that S/R level. 3. Trendline is in perfect position for the pinbar which acts as trendline. 4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window. 5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and...
Dear All, In the last week, we had indeed witnessed a lot of volatility in the Market, where on the one hand we had observed a beautiful breakout of 18200 level on the day basis. While on the other hand, a huge supply pressure was observed on the last trading of the previous week. After which Nifty is now almost very near to its immediate support...
Daily Learning Day-55 Nifty Weekly Chart Analysis. Inverted Hammer Candle
nifty 50 trading area for next week 17800-18400 after breaking 18250 educational idea only
NSE:STARCEMENT is good to go. Target 1: 137 Target 2: 150 Stoploss: 120 Stock breakout with Good Volume. Abobe 200 & 50 EMA is +++ Overall trend is positive. An analysis is just for educational purposes.
Hii All, Greetings! As we can see in past nifty is in complicated zone. My view is still bullish in Market. Few days back nifty has also completed its Inverted Head & Shoulder Pattern. Currently Nifty is facing Resistance at 18130 levels and has a good support at 17900 levels. Hope to see a good up move in the May 2023. Important Things 1. This is only for...
Inverted Head & Shoulder Breakout is confirmed in Nifty as Nifty made weekly closing above this level and sustaining above this level. Also, there is trendline breakout in Nifty. Close all shorts when Nifty comes @ 17920-17950. Also, take a buy opportunity in this zone with Strict SL 17880 (SL on 15 min. candle close) for the target 18650-18840.
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 18200-18220 Towards Target of 18270 With SL of 18190 Support 18040-18000 Towards Target of 17930 With SL of 18040
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
The fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward. Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum. Support around 1560 - 1500. Bullish over long term. However, always keep a strict stop loss between...
On Friday, 5 May 2023, Gold price got rejected from the All-time high levels of 2050-2070. The drop resulted in formation of a DAILY BEARISH ENGULFING CANDLESTICK PATTERN as well as an EVENING STAR CANDLESTICK PATTERN at the ATH resistance levels, which shows sellers are active at this level. Checking out previous price action, the GOLD Price is trading in a...
Short Nifty @ 17950-17970 Target 17709-17587-17431-17207-17124 SL 18100 (stay above for at least 15 min.) CMP @17955 April 28, 2023 Chart by CA Savita Rehlan
1. Bearish Engulfing Candles formed at Support and Resistance Zone. 2. 61.8% Fibonacci Retracement is another confirmation on that S/R level. 3. EMA 365 is off on the Bearish Engulfing Pattern. 4. Entry should be carefully placed at mentioned area because strong S/R level is there but it will definitely break those level and reached it to another S/R zone. 5. Take...
Good Setup. Stock has made Lower Lows on Weekly Basis For a While Now. Looks like Breaking out if closes above 225 on weekly Basis. Go Long Entry Above 225 SL 215 Targets 240/255/280/311 Incidently >20 Analyst Predicting to Buy with Average Estimate of 315 Revenue is expected to grow by 34.5% in FY23 Net income is expected to grow by 150.5% in FY23 EBIT is...