#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
My personal view _ Banknifty make bearish momentum.latest support zone 46960-46900 & rasidence lavel 47200-47200
**Support Levels:** 1. 46947 2. 46736 3. 46521 - **Resistance Levels:** 1. 47203 2. 47590 3. 47400 **Analysis:** - The market has demonstrated alignment with the provided support levels, underscoring the significance of these levels in recent price action. - The support levels at 46947, 46736, and 46521 are essential for monitoring potential downside...
**Support Levels:** 1. 20859 2. 20793 3. 20690 **Resistance Levels:** 1. 20900 2. 20960 3. 21000 **Analysis:** - Nifty 50 has shown adherence to the provided support levels, confirming the relevance of these levels in recent market movements. - The support levels at 20859, 20793, and 20690 are crucial for monitoring potential downside movements. -...
Weekly expiry on 13/12/2023.... What we are expecting a new life time high and then reversal or no updside? Keep Learning with NG!!
This is Daily chart of Bank Nifty which has given confirmation to multiple reversal signals. 1. Rejection Candle on 11-12-23 had a good follow up move today. 2. Price Divergence with momentum Oscillator - confirmed by today's move 3. Bearish Crab pattern activated with today's move. Crab and Butterfly patterns appearing at significant lows / high (like all time...
The Nifty 50 index exhibited a complex behavior, oscillating between 20,850 and 21,000, indicative of a period of consolidation. The chart reveals a rising wedge pattern, typically seen as a bearish signal in technical analysis. This pattern emerges amidst the index surpassing the 21,000 mark, reflecting strong economic indicators. For traders focusing on...
Bank Nifty, closed below 47178 which was earlier resistance, after taking resistance from 47476,47373 has broken below 47178. Though it is strongly bullish the first correction may be seen down to 46754. Further correction can be seen down to 46300/285 or 46121 But if a weekly close is seen above 47476/47373 then it may continue it's bulllish moment. The...
BankNifty has formed bearish pattern yesterday on daily time and today we got the closing below yesterday's low. Tomorrow, if BN sustains below the physiological level of 47000 it can further slide upto 46850 and below levels. Expectations: Volatile Day Intraday Levels: Buy Above - Multiple resistances, will look for sell on rise if opens with gap-up. Sell Below...
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...
Bank nifty gave a range break out and closed at retesting of breakout area if tommorow opens at or around same area another 500 to 600 points it can make till expiry.if voilate 47250 below and sustains 47050 area may test that is good support to look for long also.
21183 was a really strong support. Weakness can be spotted in finnifty & bank nifty. If finnifty sustains below the level, we can see a sharp down move and gamma blast.
Nifty Auto sector has been in up trend for few months now. We can see a head and shoulder pattern in making on the Nifty Auto Index which is trend reversal pattern. Looks like it is time to be cautious on Auto stocks. Levels: 17650 crucial support for Auto Index. An hourly close below this level can be considered to be breakdown. One can look for long only if...
Nifty is consolidating near a physiological levels of 21000 and we may see some selling if Nifty sustains below 20950 towards 20920 and below marked levels with the white line. On the other side, if Nifty sustains above 21030, we may see the follow-up buying towards 21060 and upper marked levels on the chart. Tomorrow US CPI data will be released in the evening,...
Bank Nifty is in the parallel range (downside) of 100 points..... Tomorrow is the expiry (weekly) of the Bank Nifty..... Can we consider that to take tomorrow a good jump bank nifty is on rest mode today. Keep Learning with NG!!