AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
FinNifty 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...
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: IRCTC is closing with a bullish consolidation 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 10% to 15% gain on...
As we can see NIFTY rallied over 300++ points after the breakout of inverted head and shoulders pattern and got rejected exactly from our trendline now until the trendline is breached above we are bearish and expected to remain sideways to negative so plan your trades accordingly.
NSE:BPCL Stock will trade in range during election period. Support near 545 level. Good entry level near 545 if stock down to this level wit Trailing Stop Loss near 500. Drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 736 level. Long Position may be initiated near 545 with Trailing SL...
In the Weekly Chart of HINDZINC , we can see that, after Trendline breakdown, it has halted on support. It is decision making point. Possible momentums are shown in chart.
In the Weekly Chart of BALAMINES , we can see that; it can give up move with W breakout. If it gives W breakout, it will lead to Cup and Handle formation and breakout. Trade with SL in this Volatile market.
In the Weekly Chart of SFL , we can see that, it has created a Halt candle at very bottom. we have a opportunity to buy at bottom with RSI less than 30. Enter on breaking its High with Low as SL.
In the Weekly Chart of BATAINDIA , we can see that, after the breakdown of Trendline, much of selling has not happened. We might a bull momentum from here. Expected momentum is shown in chart.
In the Weekly Chart of CROMPTON, we can see that, it can turn Bullish from here. Enter at 273 with SL as 263. Expected momentum is shown in chart.
In the Weekly Chart of TMB , we can see that, finally it has shown a up move. Expected momentum is shown in chart.
In the Weekly Chart of NYKAA , we can see that, after W breakout, it has taken a halt and now it is ready for up move. Enter on Halt Candle's high with Low as SL.
NSE:GRASIM Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.
Daily and weekly volume buildup is significantly good. Box pattern trendline breakout with good volumes. Wait for retest on trendline for conformation. NOTE: I do my analysis, do your before trade.