Bank Nifty Futures 28th May 2023 LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Support
Nifty Futures Levels 28th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Bank Nifty - 23 May 2023I expect a Gap Up opening in NSE:BANKNIFTY
Nifty might fall till the Zone Marked to retest and the bounce back up to the targets.
Target 1 - 44060
BankNifty is quite interesting today as
NSE:CNXFINANCE Expiry ...!!!
it takes Perfect Support/Resistance on Trend Lines.
it forms a Triangle Pattern .
Retested a 'W' pattern.
My levels and views chnage depending on market opening...!!!
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty - 23 May 2023I expect a Gap Up opening in NSE:NIFTY
Nifty might fall till the Zone Marked to retest and the bounce back up to the targets.
Target 1 - 18360
Target 2 - 18400
All sellers are taken out according to chart, so to bring in Sellers, NSE:NIFTY might form series of Lower Highs and trap them.
Don't forget today is NSE:CNXFINANCE Expiry...!!!
My levels and views chnage depending on market opening...!!!
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty - 18 May 2023Disclaimer - I might be completely wrong today, as I've Bearish sentiment even after such a wonderful retracement.
I expect NSE:NIFTY to open flat and trade in a range before falling down till at least 18100.
It's just my analysis, do your own before traing/investing.
<------ Check - 3MRT Trading ------>
CHAMBLFERTCHAMBLFERT:- The stock was running in a parallel channel, if seen, the stock was running in a down trend, but the stock has also given a breakout of the upper side trendline of the channel, and the lower support is also good, if it gives a breakout of 306.25 level, then we Upside moment can be found, plan something only after breakout, till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BHARTIARTL BUY Bharti Airtel is a very popular stock in the Telecommunication Sector, It has an average delivery% of 60%(last 1 year) and in a few days the big guns are taking delivery of it with more than 66% with increasing volume.
Technically speaking it is making a beautiful support at 760 levels.
I am planning for a long trade.
EXPIRY is 27th MAY
-1x 25MAY2023 760PE - ₹ 7.5
+1x 25MAY2023 730PE - ₹ 2.75
Prob. of Profit is 72%
Max. Profit is 9.4% of capital
The margin required to purchase one lot is ₹ 47,589
EURUSD bulls observe inverse head-and-shoulders for major run-upEURUSD dribbles around a fresh 13-month high marked the previous day as it pokes the neckline of an inverse head-and-shoulders bullish chart formation, close to 1.1090 at the latest. A successful break of the said hurdle would theoretically confirm a major uptrend targeting the year 2018 peak surrounding 1.2550-60. However, tops marked during March 2022 near 1.1185 and the last year's top of 1.1495 can act as validation points for the Euro pair’s further advances. That said, the 1.2000 psychological magnet and year 2021’s peak of 1.2350 are some of the extra upside filters which can check the bulls during the anticipated north-run.
On the contrary, failure to offer a decisive break beyond the 1.1090 hurdle, as well as the 1.1100 round figure, may trigger the much-awaited pullback of the EURUSD pair. Even so, the pair sellers will wait for a clear downside break of the one-month-old ascending support line, close to 1.0975 to convince the Euro sellers. In that case, the 100-DMA level of around 1.0750 may act as an intermediate halt before highlighting the lows marked in March and January of 2023, respectively near 1.0515 and 1.0480.
Overall, EURUSD bulls prepare for a major uptrend but a successful rise beyond 1.1100 becomes necessary for witnessing a stellar rise.
PVR Hot-stuff PVR has been falling since almost 300 days and has now shown signs of bullish nature.
It has showed buying climax with lower wicks at a very important support level from where it rallied in the past and it has done so on high volume.
Tight stop loss at 1467 and Targets at T1,T2,T3
with a favourable risk to reward and earnings
around the conner, we may see a rally.
Keep It Simple