this support & resistance lines just for learning purpose only
this support & resistance lines just for learning purpose only
CNXIT (NIFTY IT) | Go big on ITBEES - Relatively safe bet for 25% short term
As we can see despite the global weakness that led to the fall of NIFTY, it managed to recover sharply in closing hours which shows the strength of the index. Now we can see NIFTY staying in this range for a while unless it finally gets in a particular direction so plan your trades accordingly
**Technical Analysis for Nifty 50 on 05/10/23** **Market View:** Bearish **Support Levels:** 19400/19300/19200 **Resistance Levels:** 19500/19600 **Analysis:** * Nifty 50 is currently in a bearish trend. * If the market breaks below 19400, further downside is possible, down to 19200. * On the upside, resistance is seen at...
Your technical analysis for Bank Nifty on 05/10/23 i. Here is a summary: **Market View:** Bearish **Support Levels:** 43770 **Resistance Levels:** 43995/44200/44400 **Analysis:** * Bank Nifty is currently in a bearish trend. * If the market breaks below 43770, further downside is possible, down to 43500. * On the upside, resistance is seen at...
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: DMART is closing with a bullish consolidation breakout 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...
Might be a good setup from here as we are in an order block , quick scalp with good RR
Long Idea From Here Order Block Might, Looks Good Setup
As we can see today despite the weakness NIFTY mangled to sustain above 19500 level and this psychological level acted as a GOOD SUPPORT. Now following the global cues we can expect a very weak opening for NIFTY and hence looking for next eminent SUPPORT, we can see a pending GAP around 19200 which can potentially act as a SUPPORT and any signs of REVERSAL around...
FOREXCOM:EURJPY Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Nifty Spot Actionable Idea #Current Price- 19528 #Resistance- 19554 #Support- 19489 #Target 19609 And 19651 we can expect after a break of Resistance #Target 19432 And 19380 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or...
Bank Nifty Actionable Idea #Current Price- 44399 #Resistance- 44433 #Support- 44288 #Target 44547 And 44634 we can expect after a break of Resistance #Target 44186 And 44075 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or...
The Nifty Oil and Gas sector looks bullish on daily charts. Daily Chart This week we see the weakness in the momentum when we have a negative HA candle with a strong body on the 13th of September. Now the momentum tried to recover from the weakness with 2 green HA candles. But both of these candles have a weak body. Weekly Chart The price looks bullish on...
Banknifty levels to react 44440 above long Target 44500,44580,44650,44700 45240 Below Short Targers 44150,44100,44000.43900.
Banknifty is trading in range of 44800 to 44200 area whole week we might expect good move to down side comming week since trend is still bearish every rise been selling off.(only above 45100 above sustains we consider a trend change to bull) For Tuesday levels to react. 44600 Above long Target 44700,44770,44800 44550 Below short Targets...