Weeklymarketsanalysis
JAMNA AUTOJAMNA AUTO :- 52/54 buy level if stock cool down then add till 47rs with STOPLOSS of 40dcb for target 80++
#Disclaimer:-I just shared view for only educational purpose.
majescoMAJESCO:- 900, ACCUMALATE TILL 790,800 LEVEL FOR TAREGT 1500RS WITH 598 SL MCB
#Disclaimer:-I just shared view for only educational purpose.
SWING/POSITIONAL TRADING ANALYSIS : KPR MILL LTD (KPRMILL)1. TRENDLINE BREAKOUT
2. RESISTANCE BREAKOUT
3. ABOVE 200 MA
Meghmani Organics Weekly Position trade Long Built up in Meghmani Organics.
Buy above previous high and sl as last day close.
Target opens till 95/120/120+.
Nifty Weekly Trend Pattern AnalysisNifty started exhausting near 11600 zone.
Weekly and monthly chart showing signs of Bearishness.
Last time the index failed to breach 11600. For Risky Players can create a short Positon near 11475-11500
with Sl 11620.
Target can be 112020/11000/10880/10550 on a Positional basis.
The analysis will be null and void if Index close above on 11620 on Weekly basis
BankNifty Weekly Analysis
The chart is clearly indicating, that Bank Nifty continues to
1. Take support at 21000 - 21500 range ( see my fibo analysis from previous post )
2. It tried to cross the 48EMA channel ( consider it a like a yearly average ) but hit resistance at upper end of channel which also coincides with another weekly low in March.
If going long the trade appears favorable from a risk reward perspective as follows
Current : 22479
Max down side as per support 21000
Resistance : 25000
Risk reward ratios = 1479( risk) /2521 ( reward) ~ 1.6:1
Nifty weekly analysisNIfty is trading @11378
Trend is still sideways to positive.
Please find the levels on the chart for next week
On downside there is a support @11230
(11085-11125) / (10950-10980) are the demand zone
On upside there is a resistance @11495
(11615-11695) is the supply zone
BANKNIFTY Weekly Fibo AnalysisBanknifty is turning out to be tricky to trade.
Here is a weekly chart with Fibo.
Note :
1. Banknifty in range 21000 to 22900 for last nine weeks. Its almost flattened out with the latest week in indecisive doji pattern.
2. Lot of supply seen at 0.618 fibo retracement.
Accordingly , 21000-21500 seems to be good entry point for positional trades to go Long.
Banknifty will be in trouble if it breaks 20800.
NIFTY INFRANIFTY INFRA support Trend line and try to breakout important level of 3125 .if break this level then you can add infra stock like L&T to your watch list..
NIFTY10700 level is resistance for nifty because it touch upper part of channel and 10500 is big support because of this level is breakout of triangle patter so now resistance become support.
USDJPY Weekly forecast 29th to 3rd JulyThe 4 hour is turning up against 3/09/2020 low (101.19). 1 hour is turning down against 107.46 high. Near-term, while bounces fail below 107.46 high and more importantly below 109.85 high expect pair to extend lower to correct the cycle from 3/09/2020 low in 7 or 11 swings before upside resume.
Sell USDJPY
@108.10-55
Target: 105.00
SL: 109.50
Good luck
NIfty weekly analysis Please find the supply and demand zones for the next week
On upper side (10335-10410) / (10560-10640) are the supply zones and
On down side (10050-10100) / (9925-9965) / (9700-9785) are the demand zones.
BANK NIFTY weekly analysis Upside there is resistance @21950 and on downside there is major support @17000.
Looking at the RSI of the bank nifty, it can be say that BNF is in sideways zone for next few weeks, showing range bound between (17000-21950)
For 14th may expiry,
Supply zones @(20185-20360) / @(21130-21950)
Demand zones @(18700-18950) / @(17650-18100)
Resistance @ 21950
Major resistance @17000
Weekly Forecast GBPJPY (11th May to 15th May 2020)The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
Short GBPJPY
@133.133.50
Target 1- 130.50
Target2- 128.00
Sl: 134.00
Good luck !
BANK NIFTY weekly analysisBank nifty is facing strong resistance @23400-23700 level
Supply zone is @ 22275-22600
Demand zone @ 20950-21180
Demand zone @ 20000-20360
Strong support @ 18560-19050
GER30 Weekly forecast (13-17th April )The weekly right side is up against 3588, the daily & 4 hour are turning down against the 2/17/20 highs. While above 9338 the index can see the 11234-11680 area. While below the 2/17/20 highs the index can see another swing lower to correct the cycle from the 2009 lows.
GBPUSD WEEKLY FORECAST (13th -17th April 2020)The daily right side is down with a bearish sequence & the 4 hour right side is down with a bearish sequence against the 12/13/2019 highs at 1.3522. While above 1.2162 the pair can see some further strength to correct the cycle from the 12/13/19 highs. While below there expect the pair lower.
XAUUSD Weekly Forecast The weekly is turning up against the 1040 lows from 2015. The daily right side is up against the 8/16/2018 lows at 1159. The 4 hour is turning up against 1451. While above 1566 where the hourly is turning up it can see another high toward 1760 before it corrects the cycle up from the 1040 lows from 2015.
EURGBP Weekly Forecast The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence against the .8287 low. While above .8567 where the hourly right side is up the pair can see a turn higher.
