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).
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...
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...
Reliance looking weak on daily. It has broke down long supportive trend line. Now 1800 is a very key level to watch for. As per fibo and previous supports, 1700 is first weak support and 1600 is a strong support. For RIL become strong, it need to break 2015 level - keep on radar
NIFTY | RSI mild negative divergence, looks like it can retrace to 13650 again. CMP : 13760 SL : 13800 Target : 13650
COFORGE experienced stronger bullish rally and hit the pull back. momentum of pull back is very high and lots of strong bearish candles back of expanding volume, signifies, weaker pull back strength.
Exide is looking weak on daily chart