bullish in daily can't close below 4H low and also reversed again in 30M so took this trade again
Eicher - CMP 4020 Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt. Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
28-03-2024 Can anyone trade in the market? The market ran straight up from the start. But at 22400 there was M support I TRADE 22400 RE NELI because I thought AI could not break the support but it broke again. I took loss BOOK square off and buy TOMORROW at 22500 because the market was heavy support wait kali then my trade worked fine then my premium fell...
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24000 looks stiff resistance and likely wave iii ends there; so a dip towards 22250 is expected as wave iv as a pullback move.! (This is for education purpose only, do your own analysis and due diligence before trading/investing)
This is for Educational purpose only views based on price action, Elliott Wave & Fibonacci. Views expressed here are not for investors/traders. Do your own due diligence before investing/trading.
Banknifty has a similar sentiment. The 4th subwave has consolidated for a long time. So, if the market opens neutrally, then the 4th may continue further. After that, if it breaks the previous high, then we can expect the 5th wave, which may reach a minimum of the supply zone. If the 5th wave rejects there, then we can expect a correctional wave. On the other...
"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point. Nifty experienced a solid pullback in the last...
the 15 min time frame price action had sweeped the buyside liquidty and immediately turned to the bearish side indicating that the price is trying to push down by trapping the buyers on the wrong side of the bigger move which is to the bearish side
BankNifty Analysis - Stance Neutral ➡️ BankNifty also started the day with a gap up and then an immediate rise to the 46920 levels. This did not sustain as we gradually fell back to 46690 levels between 10.35 and 15.07. Surprisingly we had a 284pts rally in 15 minutes right back to the 46920 zone. The final close at 46785 looked pretty decent with the major gains...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We drew an inverse Head & Shoulders pattern on the 22nd. If that holds true, we should be getting some assistance tomorrow or the 28th” 4mts chart Nifty did more than okay today, we opened above the resistance level of 22051 and then steadily climbed to 22181 before cooling off. We then had another...
Brothers, today the market took support repeatedly above 22150, our 22050 did not come down but 22200 was sold below, we had 22000 heavy support but now heavy resistance 22300 au 22150 medium resistance. Tomorrow if the market stays above 22150 then 22300 support will work, you can trade above 22150 but sell below 22300. Look at the market structure.