Weeklylevel
Bank Nifty - Intraday Levels for 18 July 2022Banknifty Levels for Tomorrow..
Trend : Bearish
Sentiment : Positive
Expectation : Moderately Bullish
Expecting Bank nifty open around R1 - PDH level with average gap up Open as Nifty Shows Strength. Any pull back around PDH / R1 is buying opportunity. Tomorrow wait for 1st 5m candle to close and initiate your entry.. Any breakout of first 5m candle high we can go long and if low breaks then look for short.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
MSTC near DEMAND/SUPPORT ZONEAfter a big fall of nearly 130 points, MSTC is currently trading at/near Demand zone, we can also call it as support zone. Previously the same zone acted as a Résistance/Supply zone, which is indicated by red arrows, seen a strong rejection from upper level. After being in a channel for long time A strong Candle closing with huge volume can be seen in weekly chart. In bearish market we can see the price has respected the demand/support zone very beautifully and sustained over the important zone. In weekly timeframe we can see MORNING STAR Candlestick Formation on the Demand/Support zone which indicates the strong bullish Reversal after a downfall. Can go long for the given Targets of level 400 and 470 in midterm like 10-12 weeks. Go long with the Strict Stop-Loss of Level 320 (candle closing below basis).
ABOVE POSITION/ENTRY/VIEW IS SUGGESTED ON THE BASIS OF DEMAND AND SUPPLY ZONE OR SUPPORT AND RESISTANCE ZONE. TAKE THIS STUDY AS A EDUCATIONAL PURPOSE, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE.
THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
NIFTY 50 BUY on dips market Buy on dips market reason
1.Growth in the economy
2.FII &FDI INVESTMENT
3.BULL market
4.Bullish harmonics
We can also sell only If the number is on the particular week, But I'll prefer to buy, coz market in an uptrend
Reason:
1.Bearish harmonics.
Disclaimer: Please consult your financial advisor,
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