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...
As per price action market may take a retracement and then go bullish. Entry at - 47210 Stoploss - 47185 (40 points) As target have been mentioned .. Trade accordingly .... we are not sebi registered not endorse any brand or company ... These Charts and analysis are for educational purposes only.. Trade according to your own risk factor....
As per price action market may take a retracement and then go bullish. Entry at - 22290 Stoploss - 22250 (40 points) As target have been mentioned .. Trade accordingly .... we are not sebi registered not endorse any brand or company ... These Charts and analysis are for educational purposes only.. Trade according to your own risk factor....
it is trending in downtrend currently at resistance level and after evaluating previous history it is a potential short side entry
On Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby. We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame. There is a...
It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...
It seems LIC Housing Finance will make a downward direction plan after the steady uptrend. As per the 15 Mins TF chart, it is making ABC structure after the trendline break. Also, there is a distribution zone / Supply Zone from where the price is falling. RSI is slipping downwards too. To confirm a downtrend, 630 needs to be broken with good red candle. If 625...
ITC is currently trading at support zone of 400-410 levels & It is consolidating here since 5-7 days. I am seeing a trading opportunity here. I am taking long position in ITC march futures at CMP 407. I will add more position if 402-404 comes. My stoploss would be 397. Target would be 425. Disclaimer - Do not consider this as a buy/sell recommendation....
As we can see NIFTY remained sideways to negative as analysed in our previous analysis. We further saw that NIFTY had been trading in the lower half of the channel and has not yet reached the lines to take support hence we may expect NIFTY to correct more, If in case it breaks below then we may see a panic in NIFTY else any signs of rejection around those could...
Dear all, Market is in zone and wait for the bearish and bullish trend after Market take support and resistance from trendline .. Hope you enjoy my analysis I am not sebi Registered Thanks Ashutosh
Nifty 50 Technical Analysis - 13th March 2024 ## Market Overview The recent market movements continue to align with our discussed levels, demonstrating the effectiveness of technical analysis. Let's review the key support and resistance zones for Nifty 50. ### Support Levels **1. Support Levels: 22,262 - 22,250** - Significant support levels currently...
Bank Nifty Technical Analysis - 13th March 2024 ## Market Overview The recent market movements align with our discussed levels, emphasizing the importance of technical analysis for informed trading decisions. Let's review the key support and resistance zones for Bank Nifty. ### Support Levels **1. Support Levels: 47,277** - Currently holding as a crucial...
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...
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...
Dear all, Reliance is Facing a Resistance from Trend Line make sure to place a Trade after breakout the trend line. SL1 - 2951 SL2 - 2928 CMP - 2957 TG1- 2976 TG2- 3009 Thanks. I am Not SEBI registered . This is My Opinion only.
FInNifty expiry 20800 make or break level if held here can resume uptrend 20900(Resistance)a minor hurdle if voilates above and sustains 20960,21000,21060 Targets can be acheived on higherside. Below 20800 (Support) sustains 20760,20710,20650,20600. targets can be acheived on lowerside. Mentioned support,resistance and targets areas can act as reversal points...
In the dynamic forex market, USD/JPY is at a critical juncture as a potential breakout looms. However, recent indications suggest that if this breakout fails to materialize, the pair could face increased vulnerability on the downside. Traders are closely monitoring key support levels and market sentiment for clues on the direction of the USD/JPY pair. Stay...