Rsi divergence Only educational purpose SL 727 Upside potential till 800
as we analysed in previous post that we are expecting a short term bullishness and we did see a 300-400 points unidirectional upmove in last trading sessions but we also discussed that BANKNIFTY is still in DOWNTREND despite its temporary recovery hence if BANKNIFTY opens strong to flat we might see it getting rejected at 40200 levels which is also a psychological...
Dear All, After a day’s break, here we are with our Morning Mantra on Nifty for Today! So finally on Wednesday , we had witnessed a beautiful recovery in Nifty , which was expected. Moreover, we also got a closing of 17080.70 , but still we need a positive and a stable closing of above 17180 . As this is the last trading day of this week, so we...
BANKNIFTY 31st March OPTIONS IDEA (FRIDAY) NSE:BANKNIFTY The Bank Nifty index has been exhibiting a lot of volatility in recent weeks, with sudden dips and recoveries. As we approach the end of March, traders are eager to find profitable trade ideas in the banking sector. To help traders, we have analyzed the Bank Nifty chart and marked some important levels...
NIFTY 31st March OPTIONS IDEA (THURSDAY) NSE:NIFTY The Nifty 50 index has been displaying a lot of volatility in recent weeks. To help traders, we have analyzed the Nifty chart and marked some important levels to watch out for during trading tomorrow. Nifty may respect these levels, presenting traders with potentially profitable trading opportunities. In this...
triangle formation is a chart pattern formed by drawing trendlines along the highs and lows of price action. This pattern typically indicates a period of consolidation in the market, with decreasing volatility and narrowing price ranges, as the forces of supply and demand become more balanced. Ascending triangle: This pattern forms when there is a horizontal...
Nifty - Resistance: Zone 1 : 17200-17240 Zone 2 : 17300-17330 Support: Zone 1 : 17060-17100 Zone 2 : 16900-16940 Zone 3 : 16820-16850 Note : Wait for Rejection on 5 min chart Rejection : @ Support : Bullish @Resistance : Bearish Feel Free to comment or any query. All views for Educational purpose only.
Nifty Price Action strategies for Future & Option trading Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17026 - 17040 Second Support Zone For nifty50 – 16863- 16878 Third Support Zone For nifty50 – 16730- 16750 Resistance Zones...
Support Zones Frist Support Level For For Long Banknifty - 38700 - 38750 Second Support Level For Long Banknifty - 39272 - 39310 Third Support Level For Long Banknifty - 38975 - 39020 Resistance Zones First Resistance Level For Short Banknifty - 40070 - 40120 Second Resistance Level For Short Banknifty -...
Banknifty since 2 days consolidating in same range, with rounding bottom and W shape pattern forming expecting it to test 39800 to 40200 levels tommorow or on expiry day. Go long above 39700 Stop loss 39550 Targets 39800 to 40000 and 40200 Go Short below 39200 Stop loss 39300 Targets 39000 to 38600. Reversal Play at 40000 area if it is making any negative price...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for #Support & Resistance zones: Red - Sell, Green -...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
Banknifty - Moderately BULLISH , Being expiry we can expect Fall from 39700. Any close above we can see up Move Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
Nifty - Moderately BULLISH, Being expiry we can expect Fall from 17000 Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
I explained my reason on chart. My entry prices: Current market price already entered, $0.60, 0.65 Stop Loss: $0.70 Target: Trailing based on the 4hr Time frame swing.
As we can see BANKNIFTY got rejected from the previous acting SUPPORT which is now acting as a RESISTANCE. BANKNIFTY cannot be said to have changed the trend unless it breaks the previous psychological level and the support of 40000 levels hence from these we can analyse that BANKNIFTY is still in downtrend as of now unless its recent high is broken