Good Morning! Just as we had stated about us being quite hopeful to witness a sharp recovery and a closing of above 15580 on the last Trading day, fortunately we did witness the very same in the Market on last Friday. Well, for now, it seems like Nifty is very near to reach its next Level of Resistance of 15850. Where along with it, profit booking opportunities...
Go Long above 118.8 for Targets of 127.95, 137.1, 146.25, and 155.4 with SL 109.65 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing...
Go Long above 45.85 for Targets of 50.3, 54.75, and 59.2, with SL 41.4 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with...
After big fall and retracement in nifty there's a bullish harami candlestick pattern on previous resistance level which can be act as support for nifty this candlestick pattern is formed in weekly time frame this make or break situation for nifty 50 ....
This is 3rd time now banknifty testing support level This ig going to make or break its now on the global sentiments......
Hi guys Happy weekend Venus remedies ltd looking very good swing trade for target 308 CMP 203 ENTRY ABOVE 204.5 Stop-loss 194 Formed inside Bar Candle in Daily Chart Price available at good support zone (high demand area) My view are clear for this stock This is my view I am not recommended to you by this b’coz high risk involved in trading Thankyou If...
As we can see BANKNIFTY is in more like inverted head and shoulders pattern and the neckline which is supposed to be around 33700-750 has been tested multiple times and hence and flat to small gap up opening could show big move above of more than 400-600 points! if gaps up huge one must wait for retest around given levels and go long accordingly
NSE:MOTHERSON crucial support level, go long on strong positive sign on support level. Already price on demand zone. Thanks...
banknifty expects a downmove now main supports for downsides are as follows 33200 33000 and main support is trendline as drawn happy trade for monday
Hi all, it's been a long time since I posted an analysis on Nifty. If you haven't checked out my last idea, be sure to check it out to get a better understanding of how the price moved in the last one month. Let's see how the price is moving now and what all we should look at! - The price gave a clear down move from 16800 to 15200 level, without any...
Zeel is following Trendline continuously. Today this trendline is broken. RSI is also falling below 40 level. hence we can expect more fall in zeel as there is no reversal indication.
Narrow Range..................................................................................................................................................
Long Candidate With Strong Weekly Candle with Volume. Since price bounced already better to buy upon retracement at 385. or after strong closing above 514. Short to Long term traders accumulate more at 294 /289. More view in the charts.
we at trading tonics discuss everyday how nifty can work
BANKNIFTY Taking SUPPORT in Higher Time frame 1 HR You can see clearly In a 15 MINS It is forming SYmmetrical Triangle ...If it break up you can take buy or wait for the market the symmetrical triangle to retest and take buy or If it is breaking down take sell or wait for the market to retest the symmetrical triangle resistance and fall lower low for sell entry
As we analysed yesterday that if nifty opens strong then we can see nifty reversing from important support which is 15400 now we can also see nifty being in a tight range as 15800 to 15400 acting as a strong support and resistance which is a 400 point range and hence until these range is broken the trend will not be confirmed! hence all positional players should...
Looking for some Bullish price action.. hope the setup works
Price is reacting from strong demand area.. looking for Bullish price action.