BankNifty Weekly Expiry Analysis BN just fell 742pts ~ 1.53% between the last expiry and today, logically it got only 4 working days as the last expiry was on a Thursday. A 742pts move is nothing considering the shape BN is currently in. Since the stance is now bearish, we are hoping for a build-up in the momentum soon. 63mts chart link BankNifty Today...
-potential resistance breakout -formed base in lower levels -bouncing back from support -do not invest more than 2% of your capital -keep sl at todays low 11.25
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “The first target for a trend change will be the breach of the ascending channel top line approx 21530 levels. From a technical analysis perspective, we had the 3 black crows at 14.30 yesterday and the first 2 candles today.“ 4mts chart link We got our first target of 21530 hit today and as soon as the...
The stock looks like moving in a flat correction wave which will finish the downward C wave in weekly frame
Avanti Feeds for Swing trade Buy Below 405 Sl - 392 Target - 430,440,450 Expected Returns - 10%++ Duration 45 Days Target to be achieved by first week of February 24
This wave drawing was drawn by me a month ago. While traders were excited about the stock as it was one of the top winners in the market last year, I found this, I bought a little bit and saw the momentum was very week at the time, so I sold all of them and escaped from the long position. This gonna take a long while for it to come back it seems.
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JSW steel 12-20% upward potential the fifth wave has started and we can see one more rise from current levels
A Comprehensive Analysis Following a Remarkable 25% Gain. All Indicators and Volume Metrics Align, Backed by Significant Institutional Interest. An In-Depth Examination Reveals a Cohesive Picture, Indicating Readiness for Another Substantial Move. Positioned for Success as Big Players Enter the Arena, Adani Power Appears Poised for a Strategic Ascent, Setting the...
Buy and Sale idea in nifty so be neutral in the market and wait for your setup
Today is Gann Static Date and Natural Gas is going higher up. Dont be worried, hold your nerves and expect a level of even 289 and higher till feb 2024. Put SL at 204 at let it go. First Target 237
SELL GBPJPY 180.500, SL 180.700, TGT- 179.500/178.500 NEAR Dear Traders as you know price given correction in down trend and today morning its given some up movements and now there is a Registance at 180.500, so lets see whats happened TOTAL PROFIT POINTS is 1700
Buy and Sale idea in banknifty so be neutral in the market and wait for your setup
Drawn are two white horizontal lines. Lower one showing support for the December 2023 Month and Upper month showing resistance for the January Month. Once high of candle of 2nd January marked by upper white line is broken, then only buy. 2.5 is major support for the commodity. Tomorrow's candle of 5.56 p.m. as mentioned in case of US Oil will decide the future...
Natural Gas is waiting to give a huge breakout on either side , Unless the side is identified , Kindly stay put.
Regarding Nifty: If it opens with a gap down and breaks the demand zone (21533 to 21518), then we can expect a continuation of correction with minor pullbacks. On the other hand, if it finds support within that range as per the structure, it might experience a minimum 38% Fibonacci retracement.
Banknifty, similar to Nifty, might experience a minimum 38% Fibonacci retracement if it finds support the demand zone. Conversely, if it breaks that support, the correction is likely to continue.
"Here are the directions for January 3rd: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -70. After the gap-down, if it breaks the immediate support level, we can expect the correction to continue. However,...