Hello Everyone. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
Hello Everyone. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
Hello Everyone. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
22430 is a good resistance formed on 15Apr24 after a good gap down. Price tried to move up beyond this level today and failed. There had been multiple attempts to break this level today, but failed. If price doesnt gap up above 22430 and there is a good rejection at this level, we can plan to short entry with 22095 as T. Note: All Ideas shared by me are...
Overall Nifty has given a strong pullback from the lows of 21800. it has been moving up through gap ups which are not getting sustained at all. Only good part is tht i has negate the head and shoulder pattern in making in the last week. Need a close above 22525 which will open doors for 22850 within this week itself. if Nifty closes below 22330 level then...
inside bar formation at resistance line 12-26 MACD around zero line 50 -100 MACD below signal line target and SL marked
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We can see that banknifty was trading in range between 47800 & 48650 in tha last week. Also, it was a mixed week in banknifty with a small up and downs. Resistance level for Banknifty Resistance 1 48650 Resistance 2 49000 Support level for Banknifty Support 1 47800 Support 2 47050 Note: This is only for educational purposes. Please do your...
As we discussed the live market Banknifty analysis, after that, it showed a huge fall. If we look at the chart now: The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support...
BankNifty Analysis - Stance Bullish ⬆️ Banknifty falls 293pts ~ 0.61% today, but I have not changed the stance to neutral yet. The charts are not as weak as Nifty50 and there was some restraint on how BN hit the lows today. After opening gap up, BN took a dip and then got its head back by 13.11. HDFC Bank's price action was extremely unusual, making an unusual...
Nifty Analysis - Stance Neutral ️➡️ Recap from yesterday: "The 321pts intraday rally has ensured N50 gets a stance upgrade to Bullish with the next target being the ATH. If it takes out the ATH, then we can safely remove the double top pattern." Nifty had a great feast on Thursday that it had to throw up a bit today fearing indigestion, there is no other way to...
The NSE:BANKNIFTY remains within its channel range, making directional trading challenging for positional traders. With the nearest resistance at 49000 and support at 47000, a calendar spread within this range seems favorable, especially considering the upcoming election results and the current low VIX levels. In the event of a VIX increase, the calendar spread...
📊 Bank Nifty Spot Technical Chart Analysis 📅 Weekly Levels for 29 April - 3 May, 2024 🎯 Range Trigger Point: 48201 🎯 Weekly Range: 1051 📉 Buy Above: 48278 📉 Average At: 48154 🎯 Buy Target 1: 48851 🎯 Buy Target 2: 49252 🛑 Buyer Stoploss: 47928 📉 Sale Below: 48030 🎯 Sale Target 1: 47551 🎯 Sale Target 2: 47150 🛑 Seller Stoploss: 48380 Don't forget to reciprocate...
📊 Nifty Spot Technical Chart Analysis 📅 Weekly Levels for 29 Apr to 4 May, 2024 🎯 Range Trigger Point: 22198 🎯 Weekly Range: 428 📉 Buy Above: 22463 📉 Average At: 22412 🎯 Buy Target 1: 22463 🎯 Buy Target 2: 22626 🛑 Buyer Stoploss: 22320 📉 Sale Below: 22362 🎯 Sale Target 1: 21934 🎯 Sale Target 2: 21770 🛑 Seller Stoploss: 22504 Don't forget to reciprocate your...
The only train you should jump off when it's going at full speed, and not when it's slowing down, is a raging bull market Train. lndian equity markets have had a good run in 2023 and 2024 but now could lose stream for a temporary period. In a Bull market, Ideally a "Horse" should be used as an indicator of the rally seen in the markets as it can run long...
How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience. ... Consider paper trading. ... Choose a reliable broker. ... Learn to focus. ... Understand risk management.