Short covering - Market Structure- Psychology breaking strong selling zone - when call writer gets Scared and Square off their positions
Good Morning! In the yesterday’s trading session, we could see that most of the Stocks were somewhere or the other in their correction mode. Also, most of the sectors showed us a sharp decline. Altogether, we can see that Nifty is still confused as it is still trading in the range of 15900-16400. Moreover, it can be seen that on failing to cross over above...
BankNifty important levels for 26.5.22 for intraday trading.
Nifty important levels for 26.5.22 for intraday trading.
Accuracy shipping Breakout swing trading 1day time frame
Market now in strong support level of previous years of market and market return on support level Target🎯 expect at fibonachi retracement of half percentage
If BN opening will be gap down (below at 34180), we may go for short we can keep target 1 (34000) target 2 ( 33658). if bank nifty opening will be gap up (above at 34588) we have to wait until it crosses previous day high (34721) for long position we can keep target 1 (34816) and target two would be 35127. Note: This analysis is for educational purpose only ...
📈 Mphasis 📉 My Findings :- 1. Breakdown of Support Zone 2850-2900. 2. Close below Six Month Low. 3. Whole IT Sector is showing Weakness. Bias- Short Target- 2600 and 2300 SL- 3037 RR- 1: 1.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any...
📈 Tech Mahindra 📉 My Findings :- 1. Breakdown of Strong Support Zone. 2. Lower High and Lower Low Formation. 3. Close Below Seven Months Low. 4. IT Index also week. Check Chart below. Bias- Short Target- 1175 and 1046 SL- 1429 RR- 1: 2 IT Index Chart :- All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have...
📈 Dalmia Bharat 📉 This Stock Broke out from a Resistance zone of 1480-1500 after testing two times this range on upside with a strong green candle. If you look closely you can find double bottom kind of pattern as well. So It makes this to long ride with Great risk to reward. Bias - Long Target - 1727, 1981 and 2170 SL - 1359 RR- 1:4 All Important Supports...
📈 M&M 📉 My Findings :- 1. Breakout from downtrending trenline zone. 2. Higher High and Higher Low Formation. 3. Close Above March 2022 High. Bias- Long Target- 901 and 960 SL- 822 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on...
Good Morning! As had been witnessed yesterday, the Market was very volatile with a lot of fluctuations. However, the index somehow still continued trading in its predicted range of 15900-16400. So, as of now we are still with our words. As for the index to come out of its confused range, we need to witness either a fresh breakout of above 16400 or a...
BankNifty important levels for 25.5.22 for intraday trading.
Nifty important levels for 25.5.22 for intraday trading.
The following levels given is based on multiple touch points showing nifty at crucial level of 16000! if nifty opens below 16000 then we can see this level to act as a strong RESISTANCE and continue its downfall on the other hand if opens above 16000 then we can make new buying position until 16000 is broken below
Just when we thought the momentum died off, Snap Chat's result triggers another round of down move. The bears are back on the saddle riding the NASDAQ down down down! I wouldn't be surprised if it touched around 9k in a few weeks.
Trade at your own risk. Here it Reliance industries Elliott wave chart WE R ON 4TH WAVE subwave of 4th wave. WXY wave W And X wave complete respectively as per rule Y wave coming as ABC wave let's see what happens
BankNifty important levels for 24.5.22 for intraday trading.