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...
Bank Nifty has been very volatile for last a few days. We can see Bank Nifty receding downwards but also getting strong rejections from deeper low levels. Bank Nifty has not reached to its next strong support level of 45660 but rejections (long wicks below close) are seen every-time price goes towards it. Bank Nifty at present is giving impression of taking...
"The EUR/USD currency pair is currently poised for a period of consolidation, hinting at a potential bullish breakout on the horizon. Traders are closely monitoring the price action as it stabilizes, anticipating a surge towards higher levels. This consolidation phase often serves as a precursor to significant market movements, offering astute traders a prime...
As we can see NIFTY followed exactly what we expected! It tried breaking it psychological level but failed to sustain below and showing a false breakout, it railed above. Based on the global scenarios, we may expect a strong opening hence if NIFTY manages to hold its strength then we may again see NIFTY rallying strong upside but can lead to sideways to negative...
Currency Pair - USDMXN I am seeing a good trading opportunity in USDMXN. Taking long positions here at CMP 16.66200 My SL would be 16.60000 Target I'm expecting is 17.00000 That's 1:7 RR trade. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
The market has consolidatein the 1W Time frame and retest it. This is a good Opportunity to buy at market Price and can given 52% Returns or even more. Entry Price :- 923 Stop-loss :- 883 (40 Point) Target :- 1405 NSE:TATACONSUM
Nifty 50 Technical Analysis - 21st March 2024 ## Market Overview Let's examine the support and resistance levels for Nifty based on recent market trends. ### Support Levels **1. Support: 21,730** - Key support level for Nifty 50. - If the market trades below this level, it may indicate a bearish trend, with potential downside movement towards...
Bank Nifty Technical Analysis - 21st March 2024 ## Market Overview Let's examine the support and resistance levels for Bank Nifty based on recent market trends. ### Support Levels **1. Support: 46,400** - Significant support level for Bank Nifty. - If the market opens with a gap up and sustains above this level, it may signal potential upside movement...
💎VET is currently exhibiting a bullish market structure and undergoing a pullback. 💎If VETUSDT demonstrates an Internal Change of Character (I CHoCH), it could indicate a bullish move, especially since it has touched the previous resistance zone, which may now act as support after being broken. 💎In the event of a breakdown below this zone, a bounce can be...
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...
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...
BankNifty today closed in tight range for wednesday 46250 below and 46520 above expecting a good move either side which everside it sustains . 46250 Below short Targets of 46150,4600,45900,45800 46520 Above long Targets of 46725,46850,46900,47050 Above mentioned Support,Resistance and Targets can be reversal points please check the price action on those.
As per price pattern and trend analysis of short term
As we can see NIFTY has finally achieved the strong demand zone and a psychological level of 21800 level. We may expected a strong opening and signs of REVERSAL from here but in case if NIFTY fails to hold and sustains below 21800 level then we may see another weakness from here and a rise of new trend which is downtrend. We may also expect NIFTY to do false...
Amidst the forex markets, the USD/JPY pair is exhibiting remarkable bullish momentum, poised for a potential breakthrough to extend its upward trajectory. This superbullish sentiment reflects a confluence of factors, including robust economic data, shifting monetary policies, and geopolitical dynamics. Traders and investors alike are eagerly awaiting the decisive...
Let's assess the maximum drawdown this stock has given in the past from its ATH 24.10% since oct '23 - twice. 39.5 to 44.53% between 2021-2023 - 3 to 4 times Let's assume today's high as ATH & expect to fall from Monday. Why? Despite huge volume, there is also huge selling pressure at 840. Hence the long wick at the top of the candle. Shooting star candlestick...
All confluences on the chart. Potential +3R trade. Expected hold time is at least will the weekend.