Both indices had a gap up opening but this triggered a massive sell off from FIIs resulting in big red candles. The session was so volatile, especially in the second half that it was impossible not to hit your stop loss and in such scenarios you don’t have the liberty to keep big SL.
Option premiums fell off a cliff at the start for reasons not so clear. This...
Abbott has corrected quite a bit from its high and now stock is showing signs of reversals with strong base formation at lower levels with huge volume. Rsi shifting its range from bearish to neutral territory. The stock once crosses its 200 EMA should trade higher. Watch out
Jasmy had a massive volume yesterday and seems to be shifting the trend from bearish to bullish and is currently trading inside this channel. Look for breakouts
MARUTI SUZUKI, Stock is hot favorite from the view point of Auto sector perspective and overall market perspective. Inspite of Heavy selling by FII in the markets, stock is standing so hard and approaching towards a high made around 2018. Important thing is to follow the levels, and the stock is still attractive from investment perspective. If it breaks resistance...
BUY THE DIP.
How To Take Advantage Of A Stock Market Crash
There’s an old saying on Wall Street: If you don’t sell it, you haven’t lost it. In other words, the value of your investments doesn’t really matter until the day you need to cash out, so don’t worry about the ups and downs in the interim.
That’s cold comfort when your portfolio has lost 20% or even...
NOW BUY SELL IS EASY.
SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA .
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely...
the recent rise in bank nifty is not impulsive
the rise even could not touch the uml of the pitchfork in hourly time frame
Excepting European market all other markets are trading below 200 dma
and rise in gold also indicating shifting of fund.
but please keep an eye on stochiastic in hourly time frame
any divergence may result in spike in bank nifty.
any short...
After two weeks of the continuous rally, BTC took a nosedive in the latter part of the last week and declined by ~1%. On the weekly TF, BTC formed an Inverse Hammer candlestick pattern, which indicates that the market is again in control of bears. As the overall trend is still bearish, the recent positive rally can be considered as a pullback. At the time of...
NIFTY Intraday Trade Setup For 14 Feb 2022
Buy-Above 17400
Sl-17350
T-17450 17550
Sell-Below 17300
Sl-17350
T-17250 17120
NIFTY is trading is broader range in the hourly TF. 17000 and 17800 is the hourly range. Till this range is shifted we will see moves like this only. One day up, next day down. As Index is sideways in weekly, daily and hourly TF.
Friday's...
Bank Nifty made a nice green bullish candle heading towards 38811. Helped by DII buying more than FIIs, net buying at 901cr. PCR at 0.88 indicates market no longer harbours fear of a downside, moving into comfort. Vix also went down by 5.74%. CPR is 126pts wide and will support bank Nifty on the downside (below todays close). Expect a trending market to next...
This is not a trading or invest recommendation & is only for educational purpose.
Disclaimer - I don't own shares of Affirm Holdings Inc.
Analysis:
1.Stock has been currently in a long term down trend following a lower high-lower low structure & is currently under the 200 DMA.
2.Price has failed to create a new lower low after the low created at $48.17
3.Loss in...
Not a trading or investing recommendation. The below analysis is only for educational purpose.
Reason for believing this is a pullback to the 200MA (first target):
1. Price broke the most recent lower high in the recent lower high-lower low structure & is able to sustain above the last lower high.
2. Downtrend line broken.
3. Clear stopping volume & igniting...
Nifty faced immediate rejection at camarilla R3 pivot, it had breached and closed above 17757 yesterday, today it came down from this level. After filling the Gap during the day, it fell steeply end of the day to take support at support pivot level 17520, closing just above it. Incidentally this support coincides with 50EMA, making it an even stronger support....
Nifty bulls make one more valiant day led by the bank nifty. The up-once again bring closer to the area of supply zone and thus hurdles to the bulls test to pass. Bears would sneak in around these levels and try their best. The supply zone remain 17830-17980 area. Thus selling rise towards 17800-830 stops 17930 for move towards 17630-650 is what one can expect...
DXY is stuck in range 95.5-96.7 although making bullish structure and a possible inverted head and shoulder pattern with depth of 4 points eventually, if triggered, breaking the range for 100.
the trendline already faked out once could still act as a support for last time.
Key levels
96.295 close above it means smaller range breakout then range shifts upward with...
Short Market Report
It has been a tormenting few days since the price action (charts) and other data points were giving conflicting impressions. Add to that the undying positive attitude in the market. And in one candle we take out all the gains since 12 Jan. I have been vocal about the fact that a retracement is long overdue and today marked the start of...
Gold keeps the bounce off 23.6% Fibonacci retracement of November-December fall to cross the 100-SMA surrounding $1,805, backed by firmer RSI and higher-low formation. As MACD is also shifting in favor of the bulls, the metal prices are likely heading towards 61.8% Fibo. level near $1,830. However, a two-month-old horizontal resistance and tops marked during the...
