As we can see BANKNIFTY got rejected as analysed and fell unidirectionally despite the inverted head and shoulders breakout which was pretty easily assumed by many hence it was bound to fail hence we may expect more of downfall to create panic for buyers hence every rise could be selling opportunity so plan your trades accordingly
nifty has frmed rally base rall y setup in weekly time frame.. which is less probable zone incomparison with another demand zone under it whch has high probabilty to reverse
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
**Support Levels:** 1. 46947 2. 46736 3. 46521 - **Resistance Levels:** 1. 47203 2. 47590 3. 47400 **Analysis:** - The market has demonstrated alignment with the provided support levels, underscoring the significance of these levels in recent price action. - The support levels at 46947, 46736, and 46521 are essential for monitoring potential downside...
**Support Levels:** 1. 20859 2. 20793 3. 20690 **Resistance Levels:** 1. 20900 2. 20960 3. 21000 **Analysis:** - Nifty 50 has shown adherence to the provided support levels, confirming the relevance of these levels in recent market movements. - The support levels at 20859, 20793, and 20690 are crucial for monitoring potential downside movements. -...
Bank Nifty, closed below 47178 which was earlier resistance, after taking resistance from 47476,47373 has broken below 47178. Though it is strongly bullish the first correction may be seen down to 46754. Further correction can be seen down to 46300/285 or 46121 But if a weekly close is seen above 47476/47373 then it may continue it's bulllish moment. The...
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...
Bank nifty gave a range break out and closed at retesting of breakout area if tommorow opens at or around same area another 500 to 600 points it can make till expiry.if voilate 47250 below and sustains 47050 area may test that is good support to look for long also.
NSE: KTKBANK is closing with a bullish swing reversal 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 8% to 11% gain on...
its a heavy weight of cement sector currently sector is doing good ultratech retested perfectly cup&handle closed above retest area + 20ema green line supported all the targets mentioned on chart put SL as per your system or risk apetite i am not a sebi register adviser its my own analysis pls make sure you do your analysis dont jump on the trade
TATA ELXSI Looks like consolidation phase over, ready for new High
As we can see BANKNIFTY did showed strong up move as we analysed by failed to sustain above our given level and fell eventually which signifies BANKNIFTY is not able to hold itself in its higher levels so we may expect some rejection from here so plan your trades accordingly
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
current trend of xau/usd is very strong on down side and recent history of it suggest that breakdown given by it works well so here is the plan
Stock has crossed the monthly resistance and if sustain above this level then can test the next resistance Entry >280 Target 340 SLT 220