In the Weekly Chart of GNFC , we can see that; it is near Cup & Handle Breakout. Enter on level of 595-600 with SL as 572 and target as 720. Book profit with 1:6 Risk Ratio at 720 and exit.
In the Weekly Chart of RCF , we can see that; it is getting rejection at Cup & Handle, Also, much selling is not happening ate Cup & Handle breakout Trendline. Try a Simple 1:10 Trade with an Entry at 110 and SL as 107. Book Profits at 140 and exit.
In the Weekly Chart of HDFCBANK , we can see that; after the failure of Cup & Handle, it has now reached the same level. It might respect it once again and retest it next week. Let it retest and then enter with SL and Target. Expected momentum is shown in chart.
Dear All, Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826. Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Buy Bharat Forge above 1819, Target 826, 845. Reason for trade, stock took support on 50% pullback and reversed, also price took support on 20 EMA. Selling volume decreased and Buying volume increased. Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade. If...
Last week the price moved up from a brief consolidation. Watch for price action between 92 and 95. Above 95, can see price go up to 101. And if the momentum continues, 113 is achievable in good time. 80, 72 and 66 can act as good support zones. Note: Always define stop loss in your trade, usually 5-8%.
Looking for a push to above $31,000. CRYPTOCAP:BTC will hunt both liquidity 31k and 29k. We can try a long around Yesterday POC and If we sweep and reclaim of Monday Low. LFG! Previous day: VAH: $30429 POC: $30227 VAL : $30123 Date: 27 June 2023
Dear All, So finally we have witnessed a beautiful closing of above 18888, i.e., at 18972 in Nifty, on the previous trading day of this week. So now our next target is of 19200. Wherein, as per the current scenario we are very much optimistic on Nifty for achieving this Target by today itself. Moreover, as every event has two sides, i.e., a positive...
As we can see both NIFTY and BANKNIFTY has reached its all time high now as we analysed in previous analysis and hence despite the strong opening BANKNIFTY maintained itself and took itself for its new high! despite the recent new high we can see it closed below 44500 which is also a psychological level which can potentially act as a RESISTANCE now hence till...
Banknifty on the daily charts has formed a doji near the high and finally crossed but couldn't sustain above 44500 levels. Market after a gap up opening came for a gap filling and consolidated whole day being expiry in the second half. There was both side movement as there was expiry and option premiums too where volatile whether it was call or put. During the...
Nifty Bank Trading Opportunities in Intraday Trading Nifty Bank Price levels where the Buying and selling Pressures are Expected to be Strong Support Zones for Nifty Bank are as Given Below S1- 44245 S2 - 43145 S3 - 43940 Resistance Zones for Nifty Bank are as Given Below R1- 44460 R2 - 44670 R3 - 44870 Nifty Bank Option...
Finally, after 10 months of consolidation Sun Pharma had broken out its resistance level on a daily timeframe. We can see a good uptrend from here.
As of 30th June 2023, the BankNifty index has key levels that traders and investors should pay attention to. These levels act as potential turning points in the market and can provide valuable insights for decision-making. The important levels for BankNifty on this date are: Resistance Level: This is the upper limit that BankNifty may find difficulty in...
CDSL breakingout from rounding bottom breaking 200ema also with good volume a resistance at 1120 educational idea only
Dear All, So yesterday, we saw the impact of a Doji pattern, along with the previous candle, altogether called as the Cross harami pattern formation. Where after a weak opening yesterday, Nifty made a beautiful rise in the second half. Now, we are once again very close to our Fresh New High in Nifty. As we are now at 18817, so above 18888, we...
Dear All, Just as we had stated yesterday itself, about receiving a signal from Nifty, via the formation of a Dark Cloud Cover on its weekly chart. Likewise, we did observe a selling pressure in the Market till the second half. Although in the later half, we did also witness some recovery in Nifty. Consequently, we can now observe the formation of a ...