Index has formed a terminal structure which is known as Ending diagonal. This suggests that index is likely to fall towards 16400-16000 zone in the coming weeks and months ahead.
All idea comes from chart, the way buyers are pushing shows " Give a little discount and i ll take it", so if discount stops they have to buy at high price, in order to protect their position from a quick breakeven they should push the price higher enough so that a good support zone is formed above their position....or they just wait for discount and my SL hit 😆....
BankNifty Analysis - Stance Bullish ⬆️ Yesterday we discussed the possibility of HDFC Bank making a move and quite fortunately that came true today. We rallied an impressive 769pts ~ 1.66% today to take out the first resistance (bearish trendline break). Would you believe the elephant jumped 2.63% today along with AXIS Bank 2.41%, Kotak Bank 1.8%. ICICI Bank &...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “On the 63 mts time frame, Nifty looks strong and pumped up. We continue to hold on to our bullish stance, if BN or IT index joins N50 — the build-up in momentum will be a treat to watch.” 4mts chart Exciting times as Nifty50 has conquered a new milestone “22000” and BankNifty just turned bullish today....
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xauusd buy view 🔵INCOMING SIGNAL🔵 (Please keep in mind it is bank holiday for the US so volume is very low.) 🔵INTRADAY SIGNAL🔵 👉 PAIR : XAUUSD BUY STOP 👉 ENTRY : 2022.40 👉 SL : 2014.987 👉TP 1 : 2030.10 👉TP 2 : 2038.40
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the 1 hour time frame has been bullish. so i wanted the price to come around the discount area of the 1 hour swing after the 15 min choch and 1 min choch respectively on the 15 min fvg i took the entry around there
Sonacoms following a PC on dtf. we can anticipate a short-term gain in this stock.
AUD/USD (Australian Dollar/US Dollar) appears to be poised for a corrective movement towards the 39.2% and potentially the 50% Fibonacci retracement levels, followed by a reversal from the resistance zone. After experiencing a prolonged uptrend, AUD/USD is showing signs of exhaustion or overextension, suggesting a possible retracement. This correction is likely...
Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease. Nifty has reached a new all-time...
Banknifty has undergone significant changes. If the market opens with a gap down, we can initially expect a range market. However, if the initial market takes a sharp correction, it will reach fib levels between 38% to 50%. the rally will continue only if it breaks the supply zone."
Although HDFC is moving upwards, unless 1400 is broken, first hurdle is 1418 then 1427. Time candles of next two days are provided on the chart. Have patience and do not haste, else you may be stuck up and get frustrated. It is in bearish mode right now in all the charts, but is making small candles to catch requisite SMAs. Check the notes and figure made on...
BankNifty Analysis - Stance Neutral ➡️ Even though the 4mts chart looks bullish as the moving averages have a positive slope, the reality is quite different. BankNifty has not managed to find the fire to go “BOOM BOOM”, it is totally lazy and lethargic at its current levels. Today we ended up gaining 150 points ~ 0.32% but a few of the major banks like HDFC Bank,...
MRPL, bullishness explained with the help of channels, elliott waves & support & resistance. IF anyone is curious about Elliott wave learning one can connect. Thanks !!
simple price action in BHARATWIRE let's see trade line is sustain or not??
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and...