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Trendreversal

Positive global cues - breakout in DJIAs seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022). It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel after the breakout. Adding to that, a slight RSI positive divergence could be observed( indicated as yellow circles). Also last week there is Doji formation in the weekly chart. Looks like the index is taking a rest and expecting the index to sustain above the 33200 level
TVC:DJILong
by RamRaju61968
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
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