Nifty View: Finally, some bounce back to cheer the bulls in today's trading session. The Nifty index gained 139 points to post a close at 16,012. We were anticipating this move, and it's good to realise that the index is behaving precisely in that manner. As we advance, we can expect an extension of today's rally for a retest of (16,150-16,250), which are the...
Hello traders, Our important INTRADAY LEVELS ----> 34000 -- 32400 -- 31000. These can act as great SUPPORT & RESISTANCE ZONES. Should enter the trade based on intraday PRICE ACTION with these key levels. * So far this week had 2 trading sessions * Price is below WEEKLY CPR & above WEEKLY S1. 1) Today a PARALLEL CHANNEL BREAKOUT was happened. But the...
Good Morning! Just as we had much clearly stated in yesterday’s Morning Mantra, that if Nifty fails to sustain above the level of 16200, then we can expect the levels of 15850 and 15580 to become active once again. Similarly, we did witness that after a gap down opening at around 15867 yesterday, nifty had ultimately given us a closing at around its predicted...
HDFC bank is trading at support levels if broken may see further fall.
Nifty View: The underlying downtrend extends further with today's +300 points negative move from the Nifty index. It could have been worse, but the index managed a decent bounce back from its intraday low of 15,711. The trend is down, and the selling momentum has picked up, but taking a closer look at today's correction suggests that there is a possibility of a...
Hello Traders, Yesterday as i told BANKNIFTY was opened GAP DOWN and it gets HUGE SUPPORT at our mentioned key level 32400 . 32400 level acted as a greater support as price can't close below that level. 1) If tomorrow the 32400 level gets broken we can go SHORT and out next key support area would be 30920. TARGET - 31000 if BANKNIFTY breaks 32400 level. 2)...
Just a matter of time horizon and perspective - see the distribution zones (top boxes) and accumulation zones (bottom boxes)
Bouncing from demand Zone going long in bharti airtel
The chart is self explanatory with key points. Entry = Current Level , Stop Loss = Below Support and Target = t , t1 , t2 Thanks
After continuous fall, price showing strength with trendline breakout in day time frame and retested level in shorter time frame. Disclaimer : Be cautious in trading in crypto due to high volatility and high risk
Nifty budget week special zone. if we dont have weekly closing above these then its going to be tough time after budget
Good Morning! Just as we had been stating about the necessity of Nifty giving a closing of above 16800. Similarly, we did see how on failing to do so, the index had once again shown us the level of 16245 approx. However, as per the chart setup, we are now expecting to witness a bounce back towards 16800. Which if happens, then the consequences will be good....
last week we seen huge buying in LUNA coin, in upcoming months its going pump very hard. entry and targets are given on the chart. Please Like and comment if there are any queries.
Hello Traders, On a HIGHER TIMEFRAME ( WEEKLY ) BANKNIFTY Breaked a SUPPORT TRENDLINE and price closed under the trend line. 1) For previous 4 weeks BANKNIFTY formed continuous RED CANDLES, with first 3 candles as DOJI type of candles and a last one is pure BEARISH CANDLE with shorter wicks. *** 35620 is very IMPORTANT LEVEL *** 2) Since previous 4 weeks...
A rising wedge basically signifies a probable end to an uptrend. However, we have been wrong a number of times. But in such irrational and nuclear times a break in trend can signify a massive fall in the price of a stock. Even though this stock looks strong, the monthly timeframe looks extremely weak. Should this weekly support break, we can clearly expect HAL to...
Entry / Tgt / SL is drawn in the charts The red zone is the supply zone of big institutions and the green zone is the demand zone.
HDFC has been following the parallel channel and currently at the bottom end of the channel. It is also at a strong support area.
Fundamentally a strong stock at a very strong support/demand zone. Can be bought at CMP with long term view.