Banknifty closed in red as expected after breaking down the 1 hour timeframe trendline support which is 47950 area, formed a good bear candle and taking support at 20 EMA on daily front.if today day low 47700 area breaks it can test immeadiate support of 47540 area and even lower levels. For tommorow midpoint of today candle which is 47950 area can act as barrier...
Nifty is at the level from which we can see ATH in near future. Be cautious in war situation and take trade 50% of the normal qty that you trade as we are going against the recent down trend.
Note - 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 in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You...
The BankNifty is in immediate resistance zone. But it is making higher highs and higher lows in an upward channel. Momentum is strong, so there's a very good chance of breaking upwards. If it breaks upwards in the next few days, then the possible target for this upward trend is 51229. If this attempt fails, it might go back to the lower end of the channel.
The Cup and Handle pattern has completed on the daily charts. On Thursday, the last hourly candle closed above the resistance. Targets are as follows: Target 1: 23027, Target 2: 23360. Stop Loss (SL): 22486.
if the market breaks 47500 and sustains then it will go up to the previous day's close. Oi data highest call selling at - 48000 PE selling at - 47300 range is 47300 - 48000
Nifty Forming a M pattern and take support so nifty may be reached 22360
NIFTY50 CMP - 22754 Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired. Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls. It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs...
Midcap nifty clearly has bearish angle in 1D 1H timeframes. I only consider it bearish ones it start giving closing below the channel levels. But keep an eye whenever these triggers it will give bigger trades. Please keep following the below updates which i do on regular bases. If any changes in the plan you will get glimps of it. Also market is so unpredictable...
"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...
Nifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00 For 16-04-24 Distribution by FII n DII Stay In Light Position or In Cash . Gap Down Opening : If high of First Hour is not broken then put stoploss there for all short positions. If Low of First Hour is not broken then put stoploss there for all Long positions. For...
"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...
Hello Everyone. I have provided nifty trades and targets above. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market...
NIFTY: Formeda long bearish candle and in the process broke its 20DEMA & 50 DEMA.now NIFTY has its major support at 50DEMA which falls at 22100-150 .any drift below the 22100 levels likely to trigger another 300+ point fall.trade cautiously with levels. for me any pull bk till nifty trades above 22300 levels(for educational purpose only)
If market break 22250 level in one hour chart market could correct to 22000 level
I have analyzed the price range and all time high price. Whiling analyzing i have used candle stick, Gann method & trend low. This is for only for study purpose not recommendation.
I have entered a short side after breaking that cyan line. And target is the below CYAN line. I have used trend, pattern and price range. Its very volatile market. Always maintain a SL.
BankNifty Analysis - Stance Bearish⬇️ BN had a unique price action today, unlike N50 we did not see a bounce from the banks. And the lows made during the closing hours were much deeper than the opening lows. Whereas Nifty's opening low was not violated that much. Ideally, that is expected, the subsectors would fall further than the main index. I am revising the...