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...
If 49000 is broken then Bank Nifty may reach 52000 quite quickly. But, if not broken and comes down, 47300 - 47400 is the greatest support. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes. Let you...
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...
I had chalked out a possibility of cnx nifty 500 India for the resistance area which seems around 21k according to the movement. The price moving towards the resistance range As the momentum (RSI)still has some steam left. But its at a caution range for sure.
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NSE:NIFTY as per EW on hourly charts is suggesting that terminal 5th pattern is ongoing. Short term correction is going on downside in form of wave 4 of Terminal pattern and then wave 5 can start which can be the final rally, you can also call it as a pre election rally before a major top is in place for 2024. A meaningful top can be form after summer solstice...
cmp dji - 38590 mostly down due to feds hawkish and global cues i see it as knee jerk reaction . rsi was at 7 and 20 in low time frame but steep correction is buying opportunity target - 39000/400/800 just a educational idea and not a trade idea.
In this video, we'll discuss about Lat week Market Movement and Next Week's Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment | 👥Share...
After a big sell off that came at 18350 level down to 17000 level last week, we have seen good bounce back due to mag 7 earnings. We are currently approaching the previous support level of 17800-17850 levels, which I expect to turn into resistance now. Coincidentally Fib 61.8 level is exactly in the same zone at around 17825. Will be looking for a short...
Nifty opens gap up but didn’t sustain at 22600 level. Bears were back into the market and drag the Index to day’s low which is 22385. Nifty has formed shaven head red body candle with lower shadow which indicates participants were selling from day’s high. Nifty is taking support of 9 Days Exponential Moving Average Line. Nifty has broken the support of 22424...
As we discussed the market in the live session, it was bearish. After that, it gave a nice fall. If we look at the chart now: Price is Making continuous HH and is not able to make HL. Price is taking support at 200 EMA. This level is also fibbed at 0.23 level, which is considered with 200 EMA, making it a good support zone. 22374 is also a good price...