As we can see BANKNIFTY had been sideways to negative throughout the day as analysed in our last post. We can still stay with our view that till BANKNIFTY maintains inside this zone, we may expect it to remain sideways to negative and following todays candle formation, we can expect more of weakness if today’s candles low is broken so plan your trades accordingly...
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...
NSE: RADICO is closing with a bullish momentum candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving with bullish momentum for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital...
As we can see BANKNIFTY after taking support recovered almost 1000 points, now it can be seen trading in a crucial zone as this zone has been acting as a strong inflexion zone ever since. Hence if BANKNIFTY opens strong then we might see another strong rally above but will remain sideways to negative in this zone so plan your trades accordingly.
Reason For SELL 1. Breaked Support @ 1.08350 2. Double Bearish Engulfing in last Week 3. Overall Sell Trend in 4H Overall Possible Outcomes 🔹FX SIGNAL EURUSD SELL 1.08175 SL 1.08850 TP 1.07011
Fundamentals : Very Strong, Consistent growth on Sales, Profits and EPS. Very strong Quarter. FII and DII stake increasing! Technicals : Discounted, at Trendline support.. Good RR, near Pre Covid levels! R 1: 1510 R 2: 1600 R 3: 1720++ Support Zone : 1280-1350
Daily time frame-breakout candle volume is good as compare to previous candles. Retest also done on trend line with good enough volumes. Weekly time frame chart also looks good. NOTE: I do my analysis, do yours before trade.
After giving a multiyear breakout from the 551 price level, BPCL again comes close to this price and had also taken support at it.
After the IPO IREDA performed very well and after giving the breakout at 120 level now it had taken support at the same level and also given the breakout form its narrow consolidation or buildup range. Stop loss below 121 since it can come back to 40 RSI (which is my assumption)
In the Weekly Chart of METROPOLIS , we can see that, after 4 weeks of slow selling, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of ASAHIINDIA , we can see that; it has shown an up move from the Trendline. Possible momentums are shown in chart.
In the Weekly Chart of JUBLFOOD , we can see that; it is at very crucial point and support. We might see a W shape recovery as shown in chart.
In the Weekly Chart of ZEEL , we can see that, it has created a Decision making OR Halt candle. Enter on breaking its High with low as SL.
In the Weekly Chart of GMMPFAUDLR , we can see that, after strong selling, it has created a Pinbar. Enter on breaking of Pinbar high with Low as SL.
In the Weekly Chart of GNFC , we can see that, it has created 2 pinbars in same range. Enter on breaking of inside Pinbar high with Low as SL. If it shows a Up move, it might form Right shoulder in coming time.
In the Weekly Chart of BATAINDIA , we can see that, it is at decision making point. Also, Pinbar is created. Enter on breaking of Pinbar high with Low as SL.
See the strength in trend indicator..is it saying that stock can blast anytime... or something else...