Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not...
20th oct 2021- 18598 has been the all time high for past 1 year now. since then price is in range bound till 15191. so from this low market seems to be bullish following impulse rules, until now 3 waves has been in line. for now I'm considering 4th wave is in making since the B wave cut pass wave 3 high and fell to 16646. which is a sign of bullish momentum and...
Dear Friends, Market is hovering at 18800. 18842 is the first 15 minutes low and it coming to that levels and getting rejected. Nifty has very high open interest at 18800PE and 18900CE. So it is more likely to stay in between for a while. I would prefer to stay out of the market till it does not give any break out or break down of these levels. I am having a...
is it going agene up ! fmcg sector focus in upcoming days 550 is very important level for AWL
NSE:BANKNIFTY Bullish on Banknifty for today after breakout The chart is for study purposes only!!
banknifty has given a trand breakout on 15 mins chart. it is most likely to do a reversal and be bullish on Monday.
Nifty Making Bullish Traingle Pattern which it indicates bull move in nifty. After some consolidation it breaks trendline.
This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity. The channel is also a provider of technical knowledge on technical analysis. This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst. Please support the channel by liking, sharing and subscribing. Regards Maverick...
Understanding trends through support and resistances.
silver doing breakout after take support and brearish movement small sl big tgt possible risk to reword favourable
Nifty is in parallel-channel, would be good R2R setup, dont try to short at the upper channel because it wont have a high probability
I SEE ON 1 DAY ICICIBANK CHART THERE IS AN INVERTED HEAD AND SHOULDER PATTERN AND THE PRICE ACTION IS UP SIDE THE TREND IS BULLISH. MY TARGET IS = 690, AND 740. HERE I USE A 20 EXPONENTIAL MOVING AVERAGES WHICH DECIDES THE RIDING TRADE. IN THE BULL MARKET.
After a long Uptrend, Nifty seem to have halted for a while and haven't crossed High of Feb month and have been reversed from that Supply area. Nifty forming an bearish pattern (some call it Inverted Hammer or Shooting Star) on Monthly Time Frame Bearish confirmation only when it breaks 13660 else sideway movement to continue
On Weekly Time frame nifty is adhering the Trendline and looks like it has just managed to stay above it 21 Day EMA can be tested which is near 14k if the trend line breaks on weekly TF Whereas RSI has already given a signal Lets see whether price catches upon that
On a Daily TF interesting swings have happened during the March month and volatility was huge which was witnessed during the month end expiry Typical M top pattern formation and the same is valid Though the closing was above the 14461 looks like some covering happened at last moment Buying seen during past two months were as not prominent as the selling...
Just My View.
Weekly Trend - UP Daily Trend - UP Taking support at 200 SMA & respecting trend line View - LONG @ 2335 SL - 2299 TGT 1 - 2376 TGT 2 - 2425