rally base drop set up.. wait for price to reach the supply zone ... it is only for educational purpose and knowledge..
its measure trend is up it gives breakout and it has specific behavioural pattern after breakout which suggest as follows: it will retrace back to level of 50% and then it may continues its measure trend so here is the plan
- It has achieved my target - I would prefer booking full gains - Holding partially or 50% of your position too looks a little risky - FOMO in nifty can soon drag all this down badly
- ABFRL looks in a good location - I would like to hold this until it fetches more 10% - At the same time kindly start booking partials - Do not become greedy Nifty will soon retrace
As we can see BANKNIFTY opened strong and remained more like sideways to volatile throughout the day as analysed in our previous analysis. Now BANKNIFTY can be seen showinh signs of indecision at its ATH which is a sign of concern as unless this doji like candle’s high is taken out, we can expect some retracement in coming sessions which could be filled with...
Bandhan bank rally is still long due breakout is near and then will boom lot of upside remaining
Support Levels: 1. 20690: This is the current support level. If the market experiences a decline, it could find support around this level. 2. 20509: Another support level to monitor. If Nifty breaks below 20509, it may indicate a potential move to the downside. Resistance: 1. 20859: This is the primary resistance level. If the market sustains above 20859, it may...
Support Levels: 1. 46736: This is the current support level. If the market experiences a decline, it could find support around this level. 2. 45452: Another support level to monitor. If Bank Nifty breaks below 45452, it may indicate a potential move to the downside. Resistance: 1. 47203: This is the resistance level. If the market sustains above 47203, it may...
Big rejection today from supply zone in DTF. If weekly closing is above trendline, then it will get its freedom to roam.
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
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...
NSE: JKPAPER is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
Here I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases. Phase A - Stopping the previous trend Phase A marks the stopping of prior downtrend. The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move. The Selling Climax(SC) is...
As we can see BANKNIFTY rallied over 2000++ points in couple of days after breaking out of inverted head and shoulders pattern. Though this move was influenced with sentiments which arose due to exceotional win of BJP in few states but it could be shortlived. As we had previously analysed that despite the results, market started to rally beforehand which shows...
A 1000 points move in one week and the market is giving a nice bullish move. On the daily charts, the market has tested the 45k levels this week and closed around 43800 levels. Nifty is trading around the ALL Time high but banknifty is still 1500 points lower than its ATH. There are chances of banknifty also forming a new ATH. Major trading levels for this...