Reasons for taking this trade bearish: 1. It’s currently in a downside correction on higher timeframe 2. It’s in a downtrend on the current lower time frame 3. It gave a 78.6 - 88.6 rejection on the fibs
even a positive news can't go above so it is time to be short one just small negitive news will will trigger market lower side
As we can see BANKNIFTY had been weak and tried multiple to take support around 43900-44000 being a psychological level to act as a potential support but failed to do so and has also made the supposed support weak with its multiple tests hence any closing or weak opening could show a good fall till its next important demand zone around 43700
NIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 18770 Sl-18720 T- 18830 18890 Sell-Below 18730 Sl-18780 T- 18675 18615 NIFTY has closed on a bullish note with 0.21% gain today. Buy triggered above 18730 and gave almost 40 points which was slightly less than 1:1. After long triggered above 18460, swing breakout in daily TF. It has been inching towards our...
BANKNIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 44065 Sl-43960 T- 44225 44367 Sell-Below 43950 Sl-44055 T- 43780 43580 BANKNIFTY has closed with a slight cut of 0.21% today. nothing triggered as per trade setup and it was complete rangebound market. After 10 o'clock it traded within a tight range of 100 points. In hourly TF after the trendline...
Dear All, So yesterday was another confused day for the Market. Where on the one hand, the overall sentiments are still positive, while on the other there is a tough fight going on between the bull and the bear. For now, since Today is the crucial Thursday of the crucial week, it will somehow be better to consider today as a “No Trade Day”, and ...
Petronet LNG : Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00 Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 . This study is only for education purpose and...
Resistance Level at 5719: The price of crude oil has repeatedly faced resistance around the 5719 level in recent trading sessions. This indicates a potential exhaustion of buying pressure, suggesting a reversal may be imminent.
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...
Pattern : Multiple Support/resistance Range : Small Buy Above : 44140 Stop Loss : 44060 Targets : 44220, 44300 and 44380. Sell below : 43940 Stop Loss : 44020 Targets : 43860, 43780 and 43700. Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
FOREXCOM:AUDCAD 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...
As we analsyed NIFTY took trendline as support and showed strong upmove and has been in uptrend ever since hence we can still expect nifty to continue its rally till 18900 which is its next important supply zone so keep watching everyone
BANKNIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 44140 Sl- 44035 T- 44337 44510 Sell-Below 43945 Sl-44050 T- 43780 43580 BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+)...
NIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 18730 Sl-18680 T- 18807 18890 Sell-Below 18680 Sl-18730 T- 18615 18550 NIFTY has closed on a bullish note with 0.62% gain today. Buy triggered as per trade setup above 18635 and hit 1st target (18635- 18728+). It was total sideways the whole day after our 1st target was achieved. It has been updated multiple...
MACPOWER CNC showing good signs of demand at 50 ema with strong volume. Historically this scrip has always taken a good support from 50 ema and continued its positive trend. Another sign of strength is the scrip hasn't yet covered the price gap created on Sep 2022. This shows a strong demand for this scrip. Plus points in this scrip is its positive growing balance...
6 FULL APPLES WAITING FOR YOU AT BUY SIDE APPLE indicator telling after trigger 127 it goes to 139 but according to my analysis it has capable of to go minimum 160 target
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...