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.
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...
Awaiting for liquidity grab before moving price to go upward direction.
As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT....
💎 LINK is currently approaching its supportive trendline, We can also viewed it as an ascending channel because of above resistive trendline. 💎There's a likelihood of a bounce from this supportive trendline, but I anticipate a potential breakdown of the trendline to capture liquidity down to the bullish order block (OB). Even in this scenario, I'll be waiting for...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Nifty 50 Technical Analysis - 19th March 2024 ## Market Overview Let's examine the key support and resistance levels for Nifty 50 based on recent market movements. ### Resistance Levels **1. Resistance Levels: 22,200** - Initial resistance level to watch. - Significant resistance at 22,400. - A breakout above 22,200, followed by sustenance, could...