has been trading in congestion area.
stochastic is in over sold condition and cross over seen there.
has been struggling near the resistance line and trading below 20 dma.
where as nifty has recovered its 20 dma bank nifty has yet to do that,
its break out expected .support and resistances have been drawn on the chart
after studying it carefully
I expect up move...
Anyone predicting the market would be lying at this point, we can all speculate but things are pretty uncertain with Nifty at the moment. But considering we're in uptrend, either it should touch 11300 and break the new high or touch 11300 and then fall. also, on 1 hour TF there was a triangle pattern which broke in positive end to support this hypothesis. In both...
OI up by 8.56% and price up by 0.51%, shows FNO neutral setup and inside bar formation on the daily chart shows indecision.
FNO data is neutral
Recent Swing Low & High :- 21,389 - 22,933
Decision Zone 21,448- 21,557
AB=CD pattern predicts 22,294 levels, the PRZ - Potential Reversal Zone might be 22,122.5 - 22,389.
I won't be aggressively long or short, as...
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act on "what direction. Unless it triggers, like, let's say the candle doesn't break...
Nifty - Technical Analysis:
Nifty had a gap-down opening on hourly charts and remained within a range throughout the day.
On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets.
9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the...
Morning call given to Buy 11250 CE @ 70-73 for targets 84-93, both were achieved.
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Current position is BUY bought on August-4-2020 at 10987
Action for 10th August 2020: Continue to hold Long and reverse to short if NIFTY closes below 11162
Profit as of now 242 points
Since there was no good response from lot of people on their usage of these numbers , I am assuming...
Nifty continued its journey after it broke the trend line downward in its before week.
After which it was complete bearish on 1st day reached a new bottom of 10867.
Then it pulled back and retested the trendline from bottom two times but was unable to sustain.
I have drawn a red curve line connecting the highs of all five candles of daily timeframe.
To me it...