Overview & Observation: 1. DOJI breakout candle. 2. RSI is showing weakness in buying strength. 3. Momentum can be slow. Trade Plan: 1. I will avoid 2. RRR is not favourable. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a...
cmp 5900 setup looks weak. try to avoid longs can fall to 5600 just a educational opinion and not a trading idea.
Todays gap up opening gave hint of momentum and later or bank nifty proved with bullish momentum after 2 hours of bearish flow. 45600 is still a acting as major support for buyers holding it from falling. Also pushed Bank nifty to safer zone but still unable to beat 46000 resistance. Post Analysis Arc shape recovery in BN gives a clear hint of bullishness in...
As market was in strong momentum from a week as every candle was forming bigger than previous.... Last candle was form red showing weakness in momentum.....and also trading at upper level of channel.....which may cause resistance.....
CNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023 - I am watching this Ratio Chart to turn down after Retesting a Confluence Zone - Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern - It signals Weakness in the Broad Market relative to the Index. - This Chart had Topped...
Nifty is in weakness range bound.Nifty is closing near to 16900 Almost 3 to 4 days which is good support and trying to break if nifty break 16900 you can expect a big move and we can go for option buying at At retest of 16900 as resisatance y because at every restest we have some intensified fall ( if the breakout is real).
There data has gone from bad to worse for Adani ENT Expected more fall toll 1055
Hi, This is my first post and I am posting it for educational purposes. This is an idea based on trendlines, please comment and guide if this is incorrect. It looks like SBIN is a good candidate for shorting with a target of 410. Thank you!
I think banknifty will be bearish tommarow because of weak sentiments and above is all resistance zone
bank nifty important levels .....................................................
it seems that bank nifty is going to reverse after a rally. lets wait for the levels to test and take this superset or say high probability trade. keep watching after diwali. till then Enjoy Diwali.
Nifty should seek support around 17500 to 17550 levels. A fall below 17500 can initiate selling pressure in nifty. Sectors to watch- PHARMA & AUTO...
indigo looks weak ,if go above top sell line and sustain there with volume dont sell ,use your barin to make sell side entry ,ia m fully bearish on it
on daily chart frame we can see that head and sholuder pattern formed....and broke the support levesl Short Below- 933 With SL- 988 Target - 888/802 (Strong Support Level)
NIFTY | Negative RSI divergence - Expecting some correction (Risky trade) CMP : 15772 SL : 15830 Target : 15630, 15550
So here is an analysis of another index 'SENSEX'. Let us understand price action of SENSEX in detail! (OPEN THE CHART FOR BETTER UNDERSTANDING) Firstly, if you have a look at the second last (green) candle here, it is clear that this candle was not able to sustain above a major resistance line (yellow line). Secondly, today the price shot up the major resistance...
If reliance breaks this resistance we can have a bearish view on reliance Reliance will again come inbetweeen the levels where it faces resistance
1. if Nifty opens flat to negative, good for short in the range of flag 2. 15175 shorting position, 15000 -15060 could be the target range 3. RSI 15mins, 30mins, and 1hr @60 taking resistance, daily @70 - a combination that could repeat one in a while I believe 4. BNF looking week that could possibly help the shorting easy. 5. price structure in F/Flag pattern a...