10700 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.
The 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
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.
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...
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 !
NSE:NIFTY NSE:BANKNIFTY NSE:CNXPHARMA
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.
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.
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.
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.
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1149. While below there expect further weakness.
The weekly right side is up against 75.57. The daily is turning down against 114.54 high from 10/4/2018. While below 111.67 where the hourly right side is down expect the pair lower. While the pullback remains above the 101.13 lows where the 4 hour is turning up it can see another swing higher to correct the cycle from the 10/4/18 highs.
NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER...
The pair is favored to remain in a cycle higher in wave (1) from the 8/26/19 lows where the daily is turning up. The 4 hour right side is up from the 107.63 lows where wave 4 ended. While a pullback remains above the 109.75 lows where the hourly is turning up the pair can see the 111.00 -111.50 area in wave 5 of (1) before it corrects the cycle up from the 8/26/19 lows
POSITIONAL TRADE IN WIPRO !!(DEC FUT)!! VIEW -WEEKLY ANALYSIS -STRONG TRENDLINE AND PRICE LEVEL SUPPORT NOTE -ITS A CONTRA TRADE BUILDING POSITIONAL LONGS -PLEASE TRADE ACCORDING TO RISK MANAGEMENT TRADE VIEW 3-4 WEEKS DEC FUT BUY@238 STOP@234 TARGET 1@248 TARGET 2@256 LOT:3200 LOT:2
BUY KTKBANK ABOVE 105 TGT1-109 TGT2-112 TGT3-115 Closing base SL-99 How to follow our calls & earn maximum profit from our calls 1. You should always keep the STOP LOSS. In the market only SL will SAVE YOU 2. When Target1 is ACHIEVED TRAIL your SL to BUY/SELL PRICE. 3. Subsequently when Target2 is ACHIEVED TRAIL your SL to Target1. 4. Subsequently when...
Price action of Dhanuka Agritech exhibits a sustained weakness in Weekly time frame. The stock has consistently formed lowers and lower highs until recently. By analyzing the recent price action, we could see that the two relatively new lows formed are at the same level indicating that bears might be losing steam. In fact previous weekly candle was huge thereby...