Hey Traders,I'm keeping a close eye on crude oil as it appears to be gearing up for an interesting move. Currently, it seems like crude oil is heading towards the $6800 mark.The key level to watch out for is the Chanmep level. If we see a breakout above this level, it could signal the start of a significant rally.Keep a watchful eye on the charts and let's see how...
In the event of a gap-up opening, there's a tentative chance for BankNifty to test 49,000, although uncertainty prevails. Conversely, a gap-down scenario could lead to testing support levels around 46,000 and further down to 45,000. Traders are advised to approach cautiously, considering both bullish and bearish possibilities, and strategize their positions...
In a bearish market scenario, with a potential gap up opening, there's a likelihood of reaching 22,600 before experiencing a downturn. Conversely, in the event of a gap down opening, the index may test support levels at 22,200, and if breached, further decline towards 21,800 and 21,600. Strategically, considering these potential scenarios, investors can explore...
What is a Cup and Handle Pattern? The cup and handle pattern is a bullish continuation pattern often seen in technical analysis. It typically signifies a temporary consolidation followed by a resumption of the uptrend. The pattern resembles a teacup with a handle, hence its name. The cup portion forms a rounded bottom, while the handle is a smaller consolidation...
In our trading view analysis, we're closely watching Nifty's support level at 18890, which is the last bastion in the current channel. If this support level is breached, it could lead to a significant downturn in the market. We're hoping for Nifty to find support at this critical level and make a rebound towards the 20,000 mark. Stay tuned for updates! 📈📉 #Nifty...
It appears that Reliance Industries (RELIANCE) is currently at the bottom of its trading channel. Given this position, there are two potential scenarios to consider: 1. **Pullback**: RELIANCE may experience a short-term pullback within the channel. This could happen if there is buying interest at these levels, and traders see it as an opportunity to buy at a...
In recent times, India's financial markets have been exhibiting promising signs of bullish sentiment, and this trend is expected to intensify in the coming weeks. In particular, the Bank Nifty, a prominent index that represents the banking sector in India, is poised for a super bullish run. Let's delve into the factors contributing to this optimistic...
Nifty50 has been showing promising signs of strength recently, and there's growing anticipation that it could make a significant move in the coming week. Here's what we're watching:Strong Uptrend: The Nifty50 index has been on a steady uptrend, supported by positive market sentiment and economic indicators.Key Resistance at 20,000: The 20,000 level is a crucial...
Hey fellow traders! 👋 I've been analyzing BankNifty's recent price action on the 4-hour time frame and noticed the formation of a classic head and shoulders pattern. This pattern could indicate a potential shift from the recent bullish trend to a bearish one. 📉The head and shoulders pattern is a well-known reversal pattern characterized by three peaks - a higher...
I am excited to share some fantastic news regarding our investment in Cipla. We set a target of 1250 from our entry point of 1205, and I'm thrilled to inform you that we have successfully achieved this milestone. Our careful analysis and strategic approach have enabled us to capture this impressive move in the market. Key Highlights: Target Achieved: Cipla has...
Introduction: Cipla, a renowned pharmaceutical company, is currently experiencing a bullish momentum, fueled by positive developments such as the recent Blackstone news. This article explores the potential breakout scenario for Cipla, as it approaches the critical resistance level of 1205 and potentially aims for a further surge towards 1238 in the coming...
Introduction: Hero MotoCorp, one of the leading two-wheeler manufacturers in the world, is currently showing a flag and pole formation on its price chart. This formation suggests a potential bullish breakout in the near future, with the possibility of the stock price reaching the height of the flag pattern. It is important to note that this analysis is for...
Title: Bank Nifty Reaches All-Time High in Impressive Rally; Potential Correction Expected on Monday Introduction: Bank Nifty, after an impressive rally today, has soared to new heights, reaching an all-time high. However, traders should remain cautious as a potential correction may be on the horizon. This trading view idea explores the possible scenarios for...
In light of my previous posts, which have been consistently accurate, it seems likely that next week will bring a bearish sentiment to the market. The Nifty50, a stock market index in India, has been experiencing a downtrend in recent times. If this trend continues, we may see a decline in the stock market as the bears take control. It's worth noting that...
Currently, Tata Power is experiencing a bearish trend in the stock market, as seen by its recent struggles to push the market higher and its potential for further decline as indicated by the chart. However, despite this short-term volatility, Tata Power remains an attractive long-term investment option for those interested in the energy sector. Its ability to...
Please check the following thread for proof of analysis since February.
Looks like the wicks are not considered here... Market already moving down.
What do you think ?? Nifty bears entering the market soon ???