The upmove in bankex especially on Wednesday was a very crucial and decisive one, Looks like Bankex has made a bottom for now. I will only be looking for bullish trades. As long as bankex is above 52850 I am only going to be taking bullish trades. Simplicity and understanding what the price is telling is the only thing one should aim for is what I believe...
If price opens above/near CPR on Monday we can go long from GPZ to H3 and VAH if Price opens above VAH/Near VAH and shows bearish Price Action, then in that case we will go short till GPZ/CPR and Long on CPR-GPZ as Bulls will definitely defend this zone if price comes to this level then going long should be considered. NOTE- This is an analysis and does not mean...
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Either we will a strong selling or a W shape recovery. Trade with SL.
In the Weekly Chart of KAJARIACER , we can see that; it is at decision making point. Also, Halt candle is created. Enter on breaking its High with Low as SL.
In the Weekly Chart of TTKPRESTIG , we can see that, it has created a Hammer candle on Support. Enter on breaking its High with Low as SL.
In the Weekly Chart of ICICIBANK , we can see that; it has respected the trendline multiple times. Possible momentums are shown in chart.
In the Weekly Chart of CUB , we can see that, it is at decision making point. Possible momentums are shown in chart.
In the Weekly Chart of IDFCFIRSTB , we can see that, it is holding strongly on support after consolidation. Also, it has created a Hammer candle on Support. Enter on breaking its High with Low as SL.
In the Weekly Chart of BALKRISIND , we can see that, it showed a strong selling from 2800 level. Now, it has an Halt at Support and created a Hammer candle. Enter on breaking its High with Low as SL.
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...
💎 MANA has broken out of a descending channel, forming an inverse head and shoulders pattern, indicating a potential bullish reversal. Additionally, the price action is showing signs of bullish momentum, further increasing the likelihood of a bullish move. 💎 If MANAUSDT successfully breaks above the resistance level, it may signal a continuation of the bullish...
Stock : Chalet Hotels -> Huge volume buildup in stock. -> Keep the stock in radar Disclaimer : It's not a buy/sell recommendation. Posts are only for educational purpose.
Nifty Support and Resistance levels to trade with on Friday,Nifty is in rising channel every dip is being bought out.if you observe since 14th Feb from 21500 area to current level area 22200 it is making LH and HH pattern. Support Levels are 22195,22100,22000 Resistance Levels are 22250,22350,22400. check price action on those support and resistance levels.
In this idea I am going to introduce you all my new concept for positional buying in the form of a simple strategy . I have noticed that many of new investors and traders enters in the market in random manner either they enter in a running candle or they enter by choosing some moving averages or RSI but whatever they choose to enter a trade they mostly miss the...
stock is trading sideways to bullish support at 210-200 area resistance major at 275-290 zone in llast 8 weeks a healthy consolidation took place and a fresh upmove likely once it start to trade above 230 mark
At a demand level At 50 ema support at 1 hr At trendline support At fibonacci golden zone Volumes are low during pullback And trendline breakout confirmation of uptrend continuation
As we can see despite the strong selling pressure NIFTY managed close itself above making a new ATH. This shows the immense bullishness which sustained chart structure. Hence any weak to flat opening leading to break of previous day high could be a great buying opportunity for at least 69-100++ points and 500++ points in coming trading sessions so plan your trades...