The price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave...
In the Weekly Chart of NYKAA , we can see that, it is same range since 7 weeks. Now it has made a decision making candle. Enter on breaking its High with Low as SL.
In the Weekly Chart of RAIN , we can see that, after up move it has created a Halt Candle. Enter on breaking its High with Low as SL.
In the Weekly Chart of BATAINDIA , we can see that, it has respected the Trendline multiple times and it is spending time near Trendline. Let's see if it makes or breaks. Possible momentums is shown in chart.
Indian equity markets witnessed a stunning 2023 with clocking gains of about 20% in the year majorly gains came from almost all sectors especially realty, cpse, psu space 21530-21570 is major support for nifty and only below that needs to be on a cautious note while for a fresh leg of up-move, a move beyond 21800–21850 would attract short-covering. till...
Coal India forming Cup and Handle pattern on Higher time frame. Target is huge.
**Support Levels (08/01/2024):** 1. **Primary Support Zone: 48048 to 48000** - This is the initial and primary support zone. If Bank Nifty opens above this zone, it suggests potential strength. 2. **Secondary Support Levels: 47800/47600** - In case of a deeper retracement, 47800 and 47600 can act as additional support levels. These levels may provide...
**Support Levels (08/01/2024):** 1. **Primary Support: 21700** - This is the initial support level. If the market opens above this level, it suggests potential strength. 2. **Secondary Support: 21600/21500** - In case of a gap-up opening, 21600 and 21500 can act as additional support levels. These levels may provide downside support if there's a...
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...
This fundamentally strong share very luckily find like this much down on the exactly very strong support so no need to say more just catch it
Stock is giving weekly close above a major resistance level i.e. 14 then generally it test the next resistance level i.1.15.40 second resistance is 17.00
Nifty Support and Resistanc levels Support are 21650 ,21600,21580 Resistance are 21690,21750,21800
BankNifty Support and Resistance levels Suppport are 48040,47880,47770,47500 Resistance are 48275,48350,48500
NSE: JWL is closing with a bullish spinning top 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 along the horizontal support for the past few days which is indicating demand. One can look for a 11% to 20% gain on deployed...
Weekly Time Frame: On the weekly chart, SUNDARMHLD is displaying strong bullish signals. The stock is currently undergoing a retest, which often signifies a robust support level. What's particularly noteworthy is the formation of a rounding structure, indicating a potential reversal or continuation of the current uptrend. This structure has the potential to set...
Simplex Infra Good setup to breakout for the next 3 years. Breaking out on weekly and monthly time Frames. Crossed CCi Above 100 RS Positive The stock will come to the zone marked in Orange and then take off for a bigger Long move. On 125 Minutes chart. Volumes increasing above 20 day MA in all timeframes. Entry: 80.75 SL- 78 Using Demand Supply, RS, CCi
As we can see NIFTY got rejected exactly as we analysed and showed unidirectional upmove as the trend line which previously acted as a RESISTANCE has now acted as SUPPORT hence as long as NIFTY maintians itself above the trend line, every dip could be a buying opportunity until a sharp fall closes below the trend line which could potentially start the new trend...