ICICI BANK is now Downtrend, moving towards support. It is higher low formation. Still it's Bearish control check with Fibonacci level. Refer next move mentioned in daily chart . Its good for swing traders.
Double top + Shooting Star + Negative Divergence Triple confirmation for selling.
Good risk reward setup that i am looking at i will enter only after seeing rejection in the price I COULD BE 100% WRONG AND I WILL NOT RISK MORE THAN 0.50% PER TRADE
Hi there, Hope you are doing well and safe. I am seeing HDFC in selling side. It may come near the white trend line. Note : This is only for educational purpose. Thanks
If it did't giva breakout then we can enter a position here .
Russia-Ukraine has created panic around world markets and almost all global indexes are seeing big fall in numbers. Nifty which was already bearish turned received heavy selling today as well and have breached an important support line of 16400. However there is one more ascending trend line support available at around 16000 level which has worked in past when...
A day to remember with a 500 point gap down and VIX on the peak. A bloodbath on expiry day The nifty opened near 16500. On the downside, we know 16850 bounced back multiple times. Think about the option seller who entered into a safe position even below that. such a massive premium spike. A day to remember with a 500 point gap down and VIX on the peak. A bloodbath...
The second expiry of the month ended on a positive note. The day started with a gap up opening but went down and took support and bounced back at the 17400-20 range. It was good support along with the 17400 range imp and there is a trend line as well. It bounced back with strength, along with the candle. It broke the day high and took resistance at 17600, a...
Where can we expect the budget week NIFTY expiry? Looking at the chart, the day started with a 200 point gap up, and 17600 acted as resistance. The nifty was down till 17250, then started a recovery, and ended the day below 17600. It is like we are all expected to be highly volatile on budget day. If I look at the chart, 17400 was tested multiple times, and the...
According to the chart analysis, Bank Nifty is quite bearish. As you can see in the chart there is a head and shoulder pattern, although it is not an ideal one, it can show its significance once it breaks the respective trend line. If Bank Nifty opens in a Bullish way then you can expect a decent volatile session as the India Vix is only 1.5% up. This market is...
It was expected that the Nifty would end this week with crazy movement because of the global clues and the market data, But a gap up, opening and consolidating. It actually respects the 200 to 250 range well. But what's more interesting is that tomorrow we might see some moves. Look at the D candle doji, or hanging man. The important level to watch out for next...
We are up to the 2nd week of expiry and the nifty is above 18000. On Monday, Nifty opened with a gap up and gave a good up move and closed just above 18,000. Today it sustained the 18000 consolidation between 100 points. It's encouraging to see that more bull runs or breaks below 18,000 are on the way. Because we know there is a lot of data on the way, we can...
A five-wave decline in the BANK NIFTY, from 41830(Oct.) to 34019(Dec.) is complete. The 34019 low is wave A (red) of a larger five-wave decline. The 2h range chart shows that wave B (red) took the form of a double zigzag pattern, carrying to meet the top (A=0.618 B) 38660. The previous 37385 resistance zone can again react as resistance. Currently, everything are...
It is a consolidation expiry. As we discussed, Nifty is in between the ranges. 17200 to 17300, still acting as a resistance. Let's see if there is any upward movement from the channel. My option selling: hey, it's a consolidation option, so sellers make money. The day started with 17050 PE and 17300 CE. I booked 17500CE and 17800 PE with profit. Finally, I sold...
I hope the year ends on a high. We saw a lot of volatile expiries at NIFTY50. But this is going to be the last one of the year and the month we can expect volatility again. Looking at the chart, we can see that the all-time high for the Nifty50 was set on October 19th, and a clear downward trend was created when the price touched the trend line. There was clear...
Still, there is intraday volatility. The market teaches us to adjust our positions based on intraday volatility, What we've seen in the last few expiries *It is good to see the nifty close above 17050. But looking at the chart, the weakness is still there. I will make a decision after watching the 17150 to 17300 range, because the 17200–17250 range acts as a...
As you can see in the chart, there is a strong resistance of 2215 level, . So for tomorrow if stock rejected from the level then we can plan for the selling, . If stock goes above 2215, we will avoid this trade,. . If stock goes below 2100 we can short this trade. . What's your view on this comment below in the box.
Short Below 455 SL 501 Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.