Trend
BANKNIFTY on 15 MIN CHARTLONG - Mostly all of the index, stocks are trading near the Gap up area that was occurred with Budget day news. We think it’s very very crucial support because it has been tested multiple times on smaller as well as bigger timeframe. Very crucial situation but there’s few points that indicates that we can see reversal from the current price.
1) MACD DIVERGENCE
2) STRONG SUPPORT LEVEL with FIBONACCI and GAP UP( STRONG DEMAND ZONE)
3) GLOBAL INDICES AND SGX NIFTY UP ⬆️
SHORT- As we said earlier BNF ais at very crucial level and at very dicy situation. Move on any side would definitely give good movement. Once the support area is broken we can definitely see BNF goin atleast 800-100 points down. We tried to look for more evidence for short opportunities but we couldn’t find more.
Plan your trade according. Trade safe
Zeel: at weekly chart shows trend reversalzeel showing strength on weekly chart with strong RSI +ve diversion plus trend reversal on weekly chart breakout retest also done on friday it completed apana wala candle formation on daily chart next 3 trading session it can give 5% move on upside on radar.
L&T Multi time frame + fibo + flag pattern In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
BHARTIARTL | Weekly TF AnalysisWith the recent downfall in the market, Bharti Airtel broke its trend line and unable to make a higher high due to resistance from the multi-year trend line.
At the bottom, it is standing at a very important support/demand zone, if broken, one can look for short sell with given targets.
If it sustains above the support, it will be a potential consolidation and one can look for buys after a strong rejection from the support zone.
Note: For education purposes only! Do your own study before taking the trade.
Gold teases key support-zone amid global bond routWith the fears of reflation propelling global Treasury yields and the US dollar, gold remains depressed near the three-month-old horizontal support. With the bond rout less likely to fade soon, coupled with the US dollar’s expected run-up on recently welcome fundamentals, gold is up for extra south-run. However, a clear downside break of $1,760 becomes necessary for the yellow metal to eye the mid-2020 lows near $1,670. However, the $1,745-40 has multiple supports to challenge the downside move.
Meanwhile, the corrective pullback may eye to regain the $1,800 threshold. Though, bulls will have less confidence until witnessing a break of the yearly resistance line, at $1,805 now. It should, however, be noted a confluence of 100-day and 200-day SMA offers a tough nut to crack for the gold buyers, currently around $1,860, before they retake controls.
Gold bears need a clear break of $1,764 to keep the reinsFollowing its failure to break the November 2020 bottom, gold prices finally slipped to the lowest since July during early Friday. However, the metal bounced off quickly from the $1,760.55 low and remains sluggish off-late. This suggests the bulls’ inability to cheer the oversold RSI conditions while bears also await confirmation. As a result, a clear break below $1,764 becomes necessary for gold sellers to eye April 2020 peak surrounding $1,748. However, any further weakness will end-up meeting June’s low of $1,670 wherein the $1,70 can play the role of a buffer.
Meanwhile, corrective pullback needs to cross the February 04 low near $1,785 before challenging the $1,800 threshold. Though, any further upside will have to cross a six-week-old resistance line, at $1,825 now, before trying to conquer the 200-day SMA level of $1,857. Overall, gold bears are likely to remain dominant for a while but not without corrections.