DJIA is about to start a downtrend after failing closing above 38600. Now It will be going to touch 37000 and next to 35200.
26 apr 2024 WORLD MARKETS 1. World markets are looking positive. INDIA VIX AND GIFT NIFTY 1.India VIX is below 11 indicating more bullishness. 2. GIFT Nifty is indicating a gap down of 112 points. Surprising. Back below 22500 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank is still consolidating with a narrow range of 1500 - 1515. We may see more consolidation with...
NSE:BANKNIFTY on a weekly timeframe is trading in the channel, unless we get a breakout or breakdown of the channel it won't be easy to find a good trend on either side. With geopolitical tensions rising and looking at the charts and the fall in NSE:BANKNIFTY last week there will be selling on every rise. The preferred way to trade this will be selling 48500...
HSTECH has gone through a deep correction in last few years. My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade. We have completed Wave 1 and 2 and Wave 3 has begun. Within wave 3, just minor 1 and 2 have been done and we are in 3...
Nasdaq has done really well in last 15 months - rallied 70% since Jan '23 and 30% since Oct '23. EW counts suggest that we are close to the end of a weekly impulse. There are 2 alternatives counts - however, my bias is with the blue one, which suggests that there is a correction around the corner. Reason is that there is a topping structure on daily...
22448 -- 22476 above sustains in any hourly candle 🕯 then 📈 📈 to 22561 -- 22598 22351 -- 22316 below Closing in hourly then 📉 📉 to 22229 -- 22159 22316 to 22476 ( No trade zone ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
BANKNIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 48650 Invalid-Below 48540 T- 48250 Bearish-Below 48050 Invalid-Above 48160 T- 47550 BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat...
NIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 22630 Invalid-Below 22580 T- 22810 Bearish-Below 22450 Invalid-Above 22500 T- 22295 NIFTY has closed on a bold bullish note today with 0.75% gain. It is a bold candle as it gaped down 85 points and then recovered till 22625. Tomorrow is likely to be bullish day. Broadly we are still trading between this...
* Downward channel pattern * Resistance and Support levels are mentioned * A 30 Min candle has to come out of the channel and close above mentioned resistance level * If that happens, we might see a rally up to 48500
Price is moving within the range 22350 - 22480 for the past two days. Near by resistance is 22500 zone. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 22420. Stop Loss : 22380. Targets : 22460, 22500 and 22540. Sell below : 22320. Stop Loss : 22360. Targets : 22280, 22240, 22200 and 22160. Hit the like button to Rock !! Show...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...
Any hourly closing above 22461 then 📈 📈 to ( 22561 -- 22586 ) Closing below 22419 in any hourly will be 📉 📉 ( will update if it breaks ) 22453 --- 22461 ( Sideways) No trade zone Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
BankNifty Support and Resistance levels to trade on friday are Support is 47000-46950 area look for breakdown or rejection here down side targets will be 46800,46650,46600. if support got held reversal can play till targeting 47400 area Resistance is 47350 to 47400 area look for breakout or rejection here higher side target will be 47550,47600,47750,47800 and...
Nifty 22402 - Is trading in bearish ascending wedge pattern. Resistance at 22520 and support at 22395. OI data has decreased from 1.21cr to 92 Lacs suggests retail short sellers exiting. Max pain is around 22475.
Trend is bearish trading below daily 50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday. Support are 21950 if sustains below short targets of 21900,21850,21800,21750 Resistance are 22080 if sustains above long targets of...
BANKNIFTY INDEX Key highlights: 💡⚡ 📈 On 1 Day Time Frame Banknifty index Showing Reversal of Broadening Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 49340+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 51957+. 📈 Can Go...
25 APR 2024 1. Bank Nifty is still Bullish. 2. But because of Kotak bank news we gaped down. 3. But 48300 seems to be a strong resistance. 4. HDFC Bank is not supporting the Bank nifty. It is not able to cross 1521 decisively.