On a 2 hour time frame there is a slanting inverted head and shoulders pattern in formation. Please note that the break out can take some time and a close above44400 is required. The targets can be 46200.
If you read and follow do boost for your support. For Retail by reatail
Nifty important levels to watch are as follows
#Support: 19785
Sell below: 19785 only on 15 minute candle closure below the level.
Target 1: 19730
Target 2: 19640
#Resistance: 19835
Buy Above: 19835 only on 15 minute candle closure Above the level.
Target 1: 19880
Target 2: 19930
=> # Remember each level will act as a support and resistance individually...
BankNifty Analysis
BankNifty had a positive-looking chart today, it was kind of obvious from the optimism it showed in the last 2 days. The first thing it did today morning was to take support from the 43566 area i.e. between 09.45 to 10.05
5mts chart link - click here
At 10.40 it had a strong green candle and it looked like it was going for the next...
Nifty Analysis
Recap from yesterday: “If you have read my previous post-mortem reports, I have been staying neutral since the 17th and it looks like that is going to change tomorrow. As soon as 19875 is broken on the 1hr TF, I would prefer to go bullish. I will update you guys via the tradingview minds section if that happens tomorrow.”
5mts chart link - click...
Nifty analysis for 28th November 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
Banknifty analysis for 28th November 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
FinNifty 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...
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...
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...
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...
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion.
The decline in the DXY index paused last week. Last...
In this video, I shared how BankNifty is moving in a Parallel Channel .
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Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only....
In this video, we'll discuss about Today's Market Analysis in BankNifty and other segments too. Also will Discuss about Option Chain.
Whether you're a seasoned trader or just starting in the stock market, this video will help you in Learning about Market. Let's get right into it!
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