BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering the new levels if there's flat opening and gets reversal from 41100 level with strong bearish candle. We can short up to 40820 level.
2. If there's gap up opening price may create range boundness in between 41270 - 41100 levels.
3. Maintain proper stoploss while placing trades in options.
4. Remaining will update...
Be it the Doji candlestick just beneath the 10-week-old ascending resistance line or the overbought RSI (14), Gold Price flashes clear signs of bullish exhaustion. The bears, however, need validation from the monthly support line, close to $1,981, as well as the US Nonfarm Payrolls (NFP). Also acting as the downside filter is February’s high of around $1,960 and...
kindly see the levels mentioned on the chart
1. if 166 level breaks then this stock can give good return
2. strictly follow the stop loss
3. use trailing stop loss
note- kindly trade on your own risk
BUY - KNR CONSTRUCTIONS
CMP - Rs. 253
Target - 1: Rs. 326
Target - 2: Rs. 510
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Technicals - 1) Flat Base
2) Stock is in consolidation, has 2 major supports, and is likely to hold the current one, given the supply and demand.
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EURUSD extends the previous day’s pullback from a seven-week-old ascending resistance line as it pares the weekly gains, the third consecutive one. While the overbought RSI joined the stated resistance line to recall sellers, bullish MACD signals and a two-week-old ascending trend line, around 1.0820, challenge the Euro bears. Following that, the 100-SMA and...
BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's flat opening or gap up price will get reversal either 41135 level or 41260 level, if it gets reversal from these levels, we can short up to 40690 level.
2. If those price breaks 41260 level with strong bullish candle, then only will take long position.
3. Maintain trailing stoploss during trade due to options weekly...
NZDUSD extends the early March’s bearish consolidation inside a three-week-old ascending trend channel as RBNZ announces the 11th consecutive rate increase. More importantly, the New Zealand central bank pleases the Kiwi bulls to renew the 7-week top by a surprise 0.50% rate hike versus the 0.25% expected. It’s worth noting, however, that the RSI conditions...
BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering same levels price must retest 40690 level with 15m bullish candle. then only we will take long side position up to 41260.
2. Don't expect big movement on today intraday session.
3. Consolidation may occur try to maintain trailing stoploss for buyers,
4. If price breaks 40690 level downwards, we can short up to 40420...
AUDUSD stays within a three-week-old bullish channel, poking the upside hurdle, on the RBA day. It’s worth noting that the 200-EMA adds strength to the top line of the state channel, around 0.6815-20 by the press time. Given the firmer oscillator, the bulls are likely to keep the reins. However, a clear upside break of the 0.6820 hurdle becomes necessary for the...
#BankNifty Future Analysis for #Tomorrow 3rd April 2023
As per our #analysis for #BankNiftyFuture, we are expecting these below mentioned Intraday levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
Previous Close (ZERO LINE) : 40833
# BankNifty Bulls can get active above 40917 For the #IntradayLevels towards...
USDJPY marked the first weekly gain in five while luring bulls to cross the 100-bar Exponential Moving Average (EMA). The upward trajectory could also be witnessed by a one-week-long ascending trend channel, as well as a successful break of a downward-sloping trend line from early March. The RSI retreat, however, challenges the Yen pair buyers of late. That said,...
BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new levels, if there's flat opening price will gets reversal from 40690 level upto 40420 level. if there's any rejection from 40420 level with bullish candle then only, we will take long position up to 40690 level.
2. If there's is gap up in price it should from 15m bullish candle above 40690 level and if there's any...
History repeats itself and that is also true for the stock market technical analysis . In fact, much of the technical analysis revolves around historical patterns which repeats themselves time and again. We will discuss one such pattern in this analysis.
Friday was a big day. Market opened with a gap and trended on the upside. How often has this happened in the...
EURUSD braces for the biggest weekly gains since early January even as it eases from a 2.5-month-old horizontal resistance area surrounding 1.0930 ahead of this week’s top-tier data, namely the Eurozone and US inflation clues. That said, a fortnight-long ascending support line joins firmer oscillators to keep Euro pair buyers hopeful of crossing the critical...
