The Nifty index shows a clear short signal on the monthly charts, while the RSI (Relative Strength Index) is in the overbought zone. Historically, the market corrected by more than 10% whenever the RSI reached this overbought level. This pattern suggests that despite recent upward momentum, a significant correction could be on the horizon based on past market...
On Thursday, BankNifty opened gap down and faced intense selling pressure, diving deep into the daily demand zone. It hit a low of 51,683.40 before closing at 51,845.20, losing a significant 1,077 points from the previous close. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has shifted to sideways, indicating a potential change in...
On Thursday, Nifty faced heavy selling pressure, opening gap down and failing to hold the near daily demand zone. It hit a low of 25,230.30 before closing at 25,250.10, losing a massive 546 points from the previous close. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has shifted to sideways from positive, indicating potential caution...
HDFC bank will fall to 1635-1620 then buy for 1750-1770 Target Support and resistance levels are mentioned on chart there is no buy signal on harmonic pattern so it will break recent low and make fresh low near 1625-1620
Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
CRUDEOIL makes a 'W' Double Bottom Pattern Breakout ₹6200 Target :- ₹6525
Cmp :- 2279.75 ₹ BUY :- 2200 ₹ Target :- 3500+++ Stop loss :- 2065 Data Patterns is a vertically integrated Defence and Aerospace electronics solutions provider catering to the indigenously developed defence products industry. Data Patterns' key strength is founded on over two decade history of developing high reliability products in this domain with the broad...
DLF has come out of 7 months of consolidation and has broken the resistance trendline. A decent upmove of about 25% is expected over the next 2 to 3 months. Stoploss below the trendline.
An uptrend in the context of financial markets refers to a situation where the price of an asset consistently moves higher over time. This is characterized by higher highs and higher lows in the price movement12. Key Characteristics of an Uptrend: Higher Highs and Higher Lows: Each peak and trough is higher than the previous ones. Bullish Sentiment: Indicates...
Ng 233 support until not break buy dip 254,261 ,269-271 upside Target Support and resistance levels mentioned on chart
The stock price has been consolidating for quite some time. Technically, by the Elliot wave pattern, the 5th wave is likely to begin, and one can expect about a 30 to 35% rally in this stock. Safe entry will be above the resistance trendline, though the current level looks attractive for investment purposes.
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...