Recap: As mentioned yesterday's analysis Bank nifty started with fake break out after firing 2 strong bullish candle on 15min & then a sudden dip trapped many players. But still strong support 46900 helped saved bulls to reach again for a breakout but failed & BN closed at support 46900. Analysis for Next Day: Bears have started dominating as seen today bulls...
NIFTY50 Update - 22nd Feb, 2024 - Lots of Volatility - Levels marked out to get an understanding of the movement - Keeping the Risk Management in Play till a clear indication of reversal forms out - Don't overthink the trades, but instead flow with the trend of the market #nifty50 #indices
BNIFTY : Is placed in between its immediate support and resistance levels.For me its a buy above 47150 and sell below 43800 on 15/30 min basis(For educational purpose only)
Look at the chart. That’s how we are moving. Let’s see where we break. Going in a narrower range by the day. New high soon or will break the monthly trend line since covid.
Banknifty structurally differs a little from Nifty, but here also, we can expect a ranging market initially if the gap-up sustains. We can expect a rally continuation only if it breaks the previous high. On the other hand, if the gap-up doesn't sustain, then we can expect a minor correction here also. After that, if it finds support around the demand zone, the...
"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session;...
Gud morning all students and members. 22 Feb 2024, Thursday. So after a good correction market bounced back from exact support mentioned yesterday. A gap up of 70 points is possible today in #Nifty. Now if we look at upside 22250 is the major resistance. And for support we can mark 21998 level. If we sustain above the resistance then we can see a fresh...
These Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
So today Nifty has formed a bearish engulfing pattern on Daily chart......Looking forward to downside.. fingers crossed
Please read the notes on the chart and plotted is an indicator Rekhi144. All the supports and resistances and exact time has been mentioned on the chart. Please act accordingly. Disclaimer: I am not a registered analyst with SEBI. I will not be responsible for any of your profits or losses. This is only for educational purposes.
46900 is Support and 47100 is resistance. any 15 min Candle closes below 46900 will bring a target of 46700 Any 15 min candle closes above 47100 will bring a target of 47300
According to the chart as seen, we can see Nasdaq going short to the first imbalance and start to consolidate. It will then continue to push further down to balance out an imbalance at the bottom. Upon that downfall we then see Nasdaq bounce off the balanced order block and go long and push to the upside direction.
For 22-02-24 for Upside if Nifty Crosses above 22080 it may touch 22095---22120--22161---22226---22266---22332 for Downside if Nifty Crosses below 22030 it may touch 22015---21990---21949---21884---21844---21778 A clear trend is very likely to begin. Analysis a) A Final breakdown/Close below 21750-21700 will lead a clear downtrend up to 20000-19800. For filling...
NIFTY Levels for Today Here are the NIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop...
BANKNIFTY Levels for Today Here are the BANKNIFTY Levels for today. Please note, these levels are only for Intraday. The levels identified above can act as support or resistance, although they are shown as three different supports and resistances. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL...
As we can see despite the strong opening, BANKNIFTY managed to get rejected exactly from our given levels as analysed in our previous analysis. Now we can expect BANKNIFTY to remain sideways to negative till it maintains itself inside the given range and would only turn bullish if breaks above our given levels so plan your trades accordingly.
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...