Will stock market undergo another crash ? Let's wait and watch. But it's time to be cautious. Bank nifty hit upper trending channel, coincides with the 2008 and 2020 crash
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Today bank nifty created the inside bar candle and didn't break the previous day low, although we had bear run, price showed some rejection at H1 BB. we might have either side way bull market or some bull run until it reach the Daily FVG/ GAP.
Hammer followed by a bullish candle. Levels mentioned on chart. SL based on closing basis.
Piramal Enterprise Cmp 2463 dated 20.12.2021 1.25 pm Buy PEL for a tgt of 2470-2490-2505 SL 2430 It is just a view, pls trade at your own risk.
Nifty 50 following a channel let see what Nifty does in next weeks sessions
Chart is self explanatory. I would only recommend buying in small quantities at a stocks support level. If the support level is taken out, wait and see if it is creating a new pattern. Do not invest in stocks when a pattern or channel fails. Wait and observe! ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!
BANKNIFTY spot on hit 34000 and fell over 1500++ points in single day as per our analysis but now it is standing at confusion state as it had been trending since last few days now and hence created multiple ranges that BANKNIFTY can stuck to ! Hence no new selling position is advised unless 34000 is broken below! We can expect another sideways market in coming...
TATA STEEL Above 1068 Target zone ,1084,1098,1114 Below 1064 Target 1052,1045,1037
Observations on Dec 20 closing. 1. Rebound from the lower band support line. 2. Intra day recovery of more than 38.2% 3. New lower low was formed today from the downfall begun on Oct 19. Conclusion: Trend is clearly down as the downward channel is maintained and the new lower low is formed. In view of point 1 & 2 above, the fall may be gradual and not the...
nifty bank Cmp 34234 Sell for a tgt of 34000-33800-33500
Nifty hasn't given a continuous breakout of the lower high. If nifty couldn't give consecutive closes above lower high, there can be a failed swing low and signals resumption of the trend. In 30 minute timeframe, the price has made a value area box where supply equals demand. If nifty gives a continuous break to the upper band of the value area, traders can...
KOLTE-PATIL DEVELO making good chart pattern watch for breakout making support around level of 286
ITC is being traded in a channel since last one and half year. Recently, It has touched lower line of cannel. Bullish View : Currently it touched lower line of the channel Currently it is traded in support zone It is taking support of 200 SMA on daily chart ]Point of worry : 200 SMA on weekly chart is resisting upward movement Touched...
Support line broken. Will either struggle to come up or fall by 8-10 points tomorrow. Weak on the weekly TF and it's struggling to stay afloat on the daily. Suggestion: Watchlist for now! ====== Remember, if the overall market dips, most stocks will also go skinny dipping. Happy Trading!