BANKNIFTY seems to be forming a Head and Shoulders reversal pattern at its peak. If it breaches the neckline around 44500, a considerable downward movement could follow, potentially targeting the next support at 43300. The projected target of the H&S pattern hovers around the 42800 region.
Adding to the bearish sentiment, both the 10 and 20 EMA are trending...
#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good...
EURUSD bears appear running out of steam during the fourth weekly loss as it grinds near the key support confluence within a five-month-old bullish channel ahead of the US inflation. In doing so, the Euro pair seesaws between a three-week-old falling resistance line and a confluence of the 100-DMA and a rising support line from November 2022, respectively near...
Dear All,
So finally we have observed the impact of witnessing a closing of above 19550 for 2 consecutive days, just as it was stated. As after those 2 days, Nifty has ultimately given us a positive closing of approx 19632.55 yesterday.
Altogether, the Market is currently in a very choppy mode. Where we can clearly observe the stock specific...
#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Intraday trading involves buying and selling options within the same trading day, rather than holding them for an extended period. By adopting this approach, traders can make profits by capitalizing on the short-term price movements of the underlying asset.22-Apr-2023
Is option buying good...
Aditya Birla Money looking good after trendline breakup. It would be wise to wait for it to close above 63.25 and wait for a retest which seems to be on cards looking at the runup.
A clear downside break of the 10-month-old rising support line teases the AUDUSD bears as China releases mixed inflation data from July. Even so, an ascending trend line from early November 2022, close to 0.6470, could join the nearly oversold RSI to challenge the Aussie bears. Following that, a 78.6% Fibonacci retracement of October 2022 to February 2023 upside,...
I’m impulse with this share. For long run we can hold on and slowly accumulate.
It may give a correction at this level or slight up ad then a low and then the impulse rally begins.
At end of the day Im impulse in this scrip unless any bad news arrive in the fundamental.
More Foreign investor and domestic investors are accumulating and less retail investor are...
Dear All,
Fortunately, we had witnessed a closing of above 19550 in Nifty, for the 2nd consecutive day, yesterday.
So for now, we are still positive on the Market, until the index is trading above 19300. Where 19800 will play a crucial role as a level of Resistance.
Furthermore, it is better to be stock specific and to keep following the...
No matters how bullish the Markets sound to be we can always find good undervalued stocks, Hindalco is one of those company we are going to talk about.
Company majorly deals with Aluminum and copper, where it is a market leader in Aluminum rolling and recycling.
Stock has corrected more than 50% from its peek last year. why is that case, '' because in just two...
Gold Price fades bounce off an upward-sloping support line from late February by retreating from the 50-DMA hurdle, around $1,945 by the press time. Adding strength to the downside bias are the bearish MACD signals and a downward-sloping RSI (14), not oversold. With this, the XAUUSD is likely to break the stated support line, around $1,925 by the press time....
Dear All,
Yesterday we had got to witness a gap up opening with ultimately a flat closing , in Nifty.
Also, just as we had stated yesterday itself about the need to witness a closing of above 19550 for about 2 consecutive days in order to witness a new positive momentum. Similarly, on the positive note we had fortunately witnessed a closing of above...
detail had explained inside the chart. in my point of view over all the trend has changed. we may expect a small high and then a fall for around 60% and then with previous low as stop we can think of going long. and impulse 3rd wave may be possible.
if it is a triangle then this point of entering 1.07600-1.07200 will give u a good reward . if it goes straight up...
USDJPY extended a pullback from a five-week-old horizontal resistance by slipping beneath monthly horizontal support and 200-SMA, despite the latest rebound, as markets sensed the Bank of Japan’s (BoJ) exit from the loose monetary policy and unimpressive US employment report. Also keeping the Yen sellers hopeful are the bearish MACD signals and downward-sloping...
Dear All,
The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx.
Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the...
