Updated trend analysis. Based on the huge selloff on 7th May 2024, the trend analysis of Nifty 50 has been updated with new continuations and reversals support and resistance areas. - An old gap below 22200 might get filled - Expected bearish continuation - Expected bullish reversal
Please find below simple resistance and support: Resistance: 21915 If crossed up then will see upward move: TGT: Support: 21783 If crossed down then will see downward move: TGT: 21812 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY...
India Vix is showing fall is going to come. Volatility is going to rise. Options premium is going to spike due to Gamma.
Nifty looks bearish and it is at support level and we can see bearish "3 Drive pattern", if it breaks and closes below the trend channel we might see nifty touching 21000 (Upcoming election results could impact the trend though!?), time to be cautious in the Market and better to wait till election season completes. -- Analysis is only for educational purpose...
Bank Nifty is trading slight below from upward slopping parallel channel. On shorter time frame, RSI divergence can be seen. If market will respect the channel, can expect green candle tomorrow. Fresh shorts at current levels might be risky untill 47200 is protected. In case of gap down opening, can expect sharp bounce to retest lower range of channel. ICICI Bank...
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...
IF BNF crosses 48900 by Thurday, it may go upto 50700-51200 level. It may go up slow or fast. It will be a pure price movement towards up just to make everyone bullish again BUT it will reverse immediately from the levels before mid JUNE. By any chance if market opens deep red (below 47650) then it will just bounce to go deeper next time.
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...
The Daily Candle on Nifty on friday was bearish forming a double top with a high at 22775. This is now resistance. Support is at 22100 and above the channel bottom. All stocks were trashed as Nifty formed resistance. Be stock specific, sometime, these kind of days will give good opportunity to enter stocks at 3 to 5% lesser which have inherent positive trend but...
Price was consolidating in a narrow range today. There was no clear trend direction. Can we get trending move tomorrow? Pattern : Consolidation. Range : Medium. Trend strength : Normal. Buy Above : 22320. Stop Loss : 22280. Targets : 22360, 22400 and 22460. Sell below : 22240. Stop Loss : 22280. Targets : 22200, 22160 and 22120. Hit the like button to Rock !!...
I think on Market MORE SELLING TO COME in Coming days because market strcture or price action shows the market will go UP but RSI shows decline in price. Today 3rd May Market is on Imp Trendline if it breaks then out Target in the coming days will be 22000 T1: 22443 T2: 22178 T3: 21960 Imp. Note: This analysis is provided for informational purposes only and...
Banknifty Make or Break if channel Break then next reversal will be around 46240 levels. and if taken support on channel then next session will close Bullish.
Resistance from level 22775 NIFTY50 will goes downward in upcoming days and will touch 22349 & after that 21950 this is only for reference I AM NOT A SEBI EXPERT OR ADVISOR SO IT IS TOTALLY FOR STUDY PURPOSE
Nifty 50 is in sideways. Support zone is around 21800 and resistance zone is around 22800. Waiting for breakout. Breakout can be expected Downside and correction will occur upto next support 21000 and if the price breaks the level 21000 the next support will be 19750. In rare cases if price breaks above we can expect price to go upto 26000.
🔴 Resistance - 48141 🔴 🚀 Target - 48394 - 48677 🚀 🟢 Support - 48020 🟢 🚀 Target - 47805 - 47651 🚀 🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫 🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥 ❤️❤️ MARKET SECRET ❤️❤️👇 1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME 2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND 3. CHART IS SUPREME 4. YOUR...
If this hourly candle closes above 22076 then shortcovering could be possible to above levels Any closing below 22081 📉 📉 📉 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
bank nifty at its support for 30 minutes.gaining strength.ready for a move
Please do your own study. This is for educational purposes only.