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Trendreversal

Banknifty Daily ChartTrade Setup Short October Futures from the pullback level or current level. High Volatility Candlestick Chart 25% move from 32290 (17 Jun 2022) to 39759 (19 Aug 2022) If we draw Fibonacci retracement for the same level then the 38.20% level comes at 36906.40. Macd - Bearish Crossover Renko Chart Fake breakout of resistance at the level of 39011 and starts traded below the level. Red bricks start appearing. Heikin Ashi Chart A long red candle is formed. All recent lows are broken by this candle. Conclustion If the price starts its downward move, then it will test the levels of 36906.
NSE:BANKNIFTYShort
by ssvirdi
Inverse Head and Shoulder PatternThis is 1D timeframe. Infosys have formed a inverse head and shoulder pattern with a morning star at bottom in head. Last three days, 2 good bullish candles, but the volume is average so I need more confirmation to initate the trade. Will wait to get a closing above 20th July candle with volume support. Then I can target the 1660-1670 zone. I can keep stoploss below neckline to gain good RR ratio. This post is for information purpose only.
NSE:INFYLong
by AkshayAdak
Nifty 501.global sentiment weekly positive 2. war was not end (Chart shows a breakout ) (small Up Trend ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 15720 .. if we can see the price action for buying side and exit at the target price 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down cross wait For close the 5 min or 15 min candle. see the price action then crossed 15533 buy and wait for the target Weekly high and low should be mark when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side Possibility my have on up side (up to previous week swing high) Note . this just prediction. market can happen anything
NSE:NIFTY
by tarunkumar1996
BankNifty Spot Weekly Outlook For Expiry Week Falcon Analytics Outlook Bank Nifty for the week (May 23 – May27) Technically on the daily charts we see major support on the downside for BankNifty index lies at 32955 levels, whereas major resistance on the upside is capped around 35000 levels. If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 32323/31691 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 35631/36263. Currently BankNifty index is just trading above 200 day EMA @ 35947 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 32323 on downside and 35631 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 36263 RESISTANCE 3: 35631 RESISTANCE 2: 34999 RESISTANCE 1: 34609 WEEKLY PIVOT LEVELS: 33977 SUPPORT 1: 33345 SUPPORT 2: 32955 SUPPORT 3: 32323 SUPPORT 4: 31691 All above views for education purpose only. Regards, MD .
NSE:BANKNIFTYShort
by miraldesai
2
Nifty 50 Outlook for the Expiry week May 23 – May27Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 ) As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels, whereas major resistance on the upside is capped around 16386 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15474/15222 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16542/16794. Currently Nifty50 index is trading Below 200 day EMA @ 16783 suggests long term trend is Bearish . Range for the week is seen from 15222 on downside and 16794 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 17046 RESISTANCE 3: 16794 RESISTANCE 2: 16542 RESISTANCE 1: 16386 WEEKLY PIVOT LEVELS: 16134 SUPPORT 1: 15882 SUPPORT 2: 15726 SUPPORT 3: 15474 SUPPORT 4: 15222 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
Trend Reversal ?HDFC AMC is showing signs of trend reveral on weekly timeframe. Since 2019, it is taking support and had created a support zone of 1970-2080. This may be the right time to enter for long term, but I'm not interested in it yet. Till now company fundamentally good. But my concern is that it has hammered multiple time to support zone. So my eyes are on upcoming financial results, if results are good then it will be ok for me. It is looks good for short term swing trade. It has also formed a bullish engulfing at support and the last week's volume looks good. So there is a chance that it may turn around from here slowly and steadily and approach its resistance zone. This post is form information purpose only.
NSE:HDFCAMCLong
by AkshayAdak
ACCELYA may reverse it's downtrend.ACCELYA Solutions Ltd. A small cap IT company catering to Airlines & Tourism Industry. Toady it came up up with good quarterly results. Stock has been in a short-term downtrend. Now price has reached it's weekly support trendline. Also if we go back to MAY-JUNE 2021, we can see huge volume around this price. In daily time frame stock has formed a pattern similar to double bottom. On hourly chart symmetrical triangle has formed and price is inching towards narrower range. On 15 minute chart in the last trading session, we have seen a buying with volume. Considering all these factors, I believe that smart money is interested in this stock around this level. Long term investors and swing traders can keep this chart on radar.
NSE:ACCELYALong
by sumedhb100
How to pick trend reversal: Concept of Peak-and-Trough!Technical Analysis: Peak-and-Trough Analysis This concept of Peak-and-Trough Analysis beautifully explained by Martin J Pring in his book "Technical Analysis Explained". Excerpts from Martin J Pring book: "This principle reflects Charles Dow’s original observation that a rising market moves in a series of waves, with each rally and reaction being higher than its predecessor. When the series of rising peaks and troughs is inter- rupted, a trend reversal is signaled. To explain this approach, Dow used an analogy with the ripple effect of waves on a seashore. He pointed out that just as it was possible for someone on the beach to identify the turning of the tide by a reversal of receding wave action at low tide, so, too, could the same objective be achieved in the market by observing the price action. In Figure 1.3, the price has been advancing in a series of waves, with each peak and trough reaching higher than its predecessor. Then, for the first time, a rally fails to move to a new high, and the subsequent reaction pushes it below the previous trough. This occurs at point X (Read X as F shown in the image), and gives a signal that the trend has reversed."
NSE:FINCABLES
by BHARAT_WASI
3