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...
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
A clear cut breakout happened. Now the resistance line has been broken hard and the support stands there. Can go Long because of the confirmation. Trading Geeks
A change in the FII view seems happening. They are gradually getting more bearish (atleast in short term). The week saw huge volatility of around 800pts. After opening at 10328 levels it saw a min of 9544 and closed at 9958 recovering around 400 pts. The low of 9544 is a strong support for this week and also the month. On the higher side 10150 is where resistance...
titan in consolidate way. once breakout or either any level up or down. It run like dark horse.
Huge selling in past few weeks
Look t the momemtum of moving upward. Expeccted downward move from approx. 13 APRL 2020 . The speed or momemutm which these currencies are going up is expected to fall at the same speed.
Stoploss Rs.600 Buy Near 647 to 650 Target First 720 2nd Target 762
HDFC chart analysis, HDFC interim support rests at 2000-2010 around that it must take retracement to statisfy the long trend line, a closing below 2108 can take it upto 2050 levels then further downwards and upcoming resistance is being observed at 2192 after which a closing and a follow up can give good move in HDFC. Support and resistance are still yet to be...
Nifty forming a channel and is not a good time to enter for long
Finally, exit polls have given some hope of stable government but considering past track record of +/- 10-15% deviation in numbers, risk to financial market has already been built up. BJP with 285+ seats and NDA with +310 seats are good for market but that should not last long as real concerns on economic slowdown will come into play. Will poll numbers behave...
bank nifty extended too much on weekly basis, it is higher chance of 1 barish week, in order to under market movement i need your valuable opinion
as predicted earlier nifty is tumbling as per my analysis