There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs. Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs. We can see 160 levels in the coming months for this script. This analysis is purely for educational purposes!!! Please do...
As we analysed yesterday that the opening is very important and any flat to positive openeing could show strong upmove and we did saw that today but that upmove couldn’t sustain any longer and fell in the second half but still closed above our given support! this shows the same scenario as yesterday and same setup can be implied but continuous hitting on support...
Nifty has formed a hanging man candle and is just 40 points down. The nifty crossed previous day high and retested the support of 15690. Though market has tested its 15 minute 20 ema but couldn’t sustain above it at day closing and closed below it. The market may remain bearish or consolidate in a narrow range. Support:- 15690, 15625 Resistance:- 15850,...
📈 Apollo Tyre 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 227, 243 and 259 SL- 187 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult...
BankNifty important levels for 14.6.22 for intraday trading.
Nifty important levels for 14.6.22 for intraday trading.
Good Morning! Another day of Gap down opening from Nifty, had resulted in the creation of huge panic in the Market, yesterday. Well, we can say that as per the current market scenario, the index is somewhere or the other trading at its edge. Wherein, with the crucial support level of 15580 on the downside, it has now become very important for the Index to...
As we can see NIFTY finally reached its last support, though it tried breaking the support but closed above the given level making the support intact… We can also see multiple touchpoints which makes the support weak and hence any bearish or weak openeing could show one sided fall till 15500 which is its next support and a psychological level! on the other hand if...
Nifty is beautifully respecting horizontal support lines on weekly chart it is only wait and watch situation Regards to all mates
1) Stock has broken a strong support in weekly 2) The stock looks good for the target of 400 & 340 3) Book partial profits & use trailing Stoploss to catch a full move
Strong supply area.. looks price can go down form this resistance area.
Multiple reasons supporting short trade in RELIANCE 1) Supply Zone 2) Bearish Inside candle pattern breakdown confirmation by today's close. 3) Pending imbalance Target 2642 SL 2818. Good entry around 2742
Good Morning! On the last Trading Day of the previous week, we had observed a gap down opening from the stated crucial level of support of 16400. As a result of which, we did see a lot of Panic in the Market. As of now, the Market seems to be in a very strong consolidation zone of 15850-16700. Moreover, since Nifty is currently trading in its narrow trading...
Expecting a down move from this supply level. Always keep an eye on the higher time frames.
Expecting a reversal from this 34000-34200 zone If this breaks more downfall
Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Banknifty is going to be extremely bearish . Other factors that might be crucial for banks are Crude above $120, US 10y Bond yields sustaining above 3.1%, Dow Jones crash, etc. Conviction bearish Bias bearish Trading Ideas Long above 34612 Target...
Bank of Baroda is looking good in setup above 108 close it will turn into very good, added into watchlist