Hi all, hope you are trading well. It’s been a long time since I last posted. Apologies for that. 🙏 With all the buzz floating around Adani and let's see the charts from a technical perspective using supply demand, market structure, and basic S/R. Please note that I am not a fundamental analyst and hence not concerned with the underlying working structure of the...
NIFTY Intraday Trade Setup For 30 Jan 2023 Buy-Above 17635 Sl-17585 T- 17745 17850 Sell-Below 17490 Sl-17540 T- 17395 17295 17165 NIFTY has closed on a bearish sentiment last day and last week. Last week it closed with 2.35% cut. A parabolic down move was seen last week. Weekly range which was valid for last 1 month shifted last week. After a pullback below...
BANKNIFTY Intraday Trade Setup For 24 Jan 2023 Buy-Above 42870 Sl-42760 T-43017 43300 Sell-Below 42725 Sl-42835 T-42500-30 42297 BANKNIFTY ha closed on a bullish sentiment with 0.74% gain today. BTW this whole gain is contributed via gap up. Today it opened above the hourly resistance 42750 and took support from dot level 42750 and hit 43000 which was our buy...
The descending channel pattern is a bearish chart formation. It develops within pronounced downtrends in asset pricing. traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend. First, let’s study the case of the descending...
Price tapped into HTF POI and 1H structure also shifted this week we can see lower prices in EU if that 1H swing high will not break.
In the index support level gradually shifting higher. 44000 is new support As long as Banknifty managed to close above 44000 next target will be 44444 followed by 44780
A gap up opening with a bullish 5mts candle to take out the all time high. And then a steady rally till 12.10 setting a fresh new high of 43983. Bank nifty had good bull momentum to take out the swing high of 9th Dec. There was a small profit taking from 12.15 to 14.40 but this failed to take out the high of the opening candle - again showing strong long only...
The stock has consolidated for a very long time and is now breaking out. As most are aware we are already long on the stock..But i would add more above 374 (AVWAP). Once it crosses above 374 the stoploss will be shifted to cost.
Supports: 6300, 6250, 6050 Resistance: 6400, 6500, 6650, 6775 OI Data: From 6400 to 6600: 13K calls are sitting. Definitely bearish. 6500 has 5.2K calls sitting. Max PUT (hence support) is at: 6000. So the level has shifted downward .. 6500-6000.
NSE:INDTERRAIN 80.90 1. Cup & Handle Pattern B/o at 70 2. Pole & Flag Pattern post C&H B/o 3. Good Volume during the uptrend 41 to 81 (July to Dec) 4. Support shifted to C&H B/o at 70 (recent consolidation range) 5. Upcoming resistance at recent highs (Sep 19) at 94.25. 6. Educational Purpose only, no directly or indirect buy/sell/hold recommendation....
half bat man pattern + 4H shifting down red vectors + 4H mark down divergence + pins to the high , and below 800/50 ema. It has complete 3 levels to the upside and a touch of 4h 800 ema is possible + DXY is in mark down phase which further increases the probability
Good Morning! Another amazing day, where Nifty had decided to break all its records by making a fresh new all time high of 18,816.05, yesterday. Well now that you are enjoying this momentum, staying cautious at the same time, is the need of the hour. Since today is the weekly settlement day. So, let’s take this day to wait and watch the Market’s momentum. In...
If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role.
If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role.
NIFTY ON 11-11-2022 The Index remained range-bound throughout the trading session after opening near the resistance 18385. Buying was observed in METAL and IT which gained 1.73% and 0.87% respectively while weakness was seen in FMCG (-1.35%). Index closed at 18329.15 after making the day high of 18399.45. with a loss 0.11% of 1.78% making a Bearish candle on...
Democratic U.S. Senator Catherine Cortez Masto has won re-election in Nevada, Edison Research projected on Saturday in a victory that guarantees the Senate will be controlled by Democrats in 2023. #US equities closed Friday session higher after a choppy session, extending Thursday's sharp gains prompted by weaker-than-expected CPI Week a Head spotlight shifts...
NIFTY Intraday Trade Setup For 14 Nov 2022 Buy-Above 18365 Sl-18315 T- 18450 18550 18645 Sell-Below 18305 Sl-18355 T-18205 18105 18025 NIFTY has given a bold bullish close on Friday, it closed with 1.78% gain at last day. Our swing long position is intact which was triggered on 18 Oct @ 17430 for the target of 18645+. After hitting our our 1st mini target...
Rounding Bottom #Breakout at #MAXIND (Max India Ltd) Weekly Chart. Soon Its #Outperformed #Nifty. BSE: 543223 / NSE : MAXIND What Is a Rounding Bottom? A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended...