DrAnandM

DrAnandM Updated 

Nifty has shown some resilience despite Global Fallout following Tariff War. Scenario B had been in the Play until Friday. However The Retaliation from China led to Historical Correction in Global Market. Considering above Change in Global Sentiment, Our Approch needs some reconsideration. With Scenario C likely to come into play with Big Gap down suggested...

DrAnandM Updated 

Scenario B From Last Weekly Analysis played out as expected and continues to be in the Play. The Pullback from 23800 Zone has been shallow as week closed above the Minor Resistance turned Support at 23350 Zone, despite a Long Weekend. This Indicates Bulls have some Conviction of taking Nifty higher from Minor Support at 23350 Zone. However a Weekly Candle...

DrAnandM Updated 

Gold has been Trading in the parallel channel ever since the breakout. Hovering near the Psychological resistance at 3000 with Indicators suggesting Highly Overbought Conditions for Gold. 2 Scenarios are possible. Scenario A - Gold breaks out of the Parallel Channel and Enters Correction. Scenario B - Gold Continues its Parallel Channel Uptrend breaking ATH...

DrAnandM Updated 

As discussed in the previous Weekly Analysis, Nifty has begun it's Pullback! Time to prepare for Coming Weeks.. We face Resistance at 3 Zones 1. Small Resistance at 23350+-100 2. Large Resistance at 23800+-100 3. Mega Resistance at 24800+-100 These are the zones where some profit booking can be anticipated. Accordingly 3 Scenarios are in the Play. Understand...

DrAnandM Updated 

Nifty has corrected almost 16% from ATH with back to back Monthly Red Candles! As of writing, Nifty is trading Above The Demand Zone marked. In Days to come a pullback or retracement towards the Supply Zone is quite likely once the Down Trendline is taken out. 22250 to act as crucial support now. Till the time it's holding, this analysis should help you...

DrAnandM Updated 

After Correcting almost 40% from ATH. Technical Analysis: 1. PFC has broken out of its Bearish Trend line with 2. Candle Stick Pattern shows Bullish Engulfing Pattern on 3.Weekly Time Frame (in formation) at 4. Demand Zone with 5. Bullish Divergent RSI on Daily Time Frame. Above Factors Favour a Short Term Upmove. Trade Details: CMP 403 Buy Above...

DrAnandM

After last week's Trending Pole, Nifty has been sideways this week trading in a range and creating a retracement flag. Breakout on either side of the Range could lead to a trending move towards the Upper Limit of the Parallel Channel (Green) 23500 or The Midline of the Parallel Channel (Yellow) 22500. RSI is divergent Any dip towards 22500 could witness a...

DrAnandM Updated 

Trade Details: Buy Above 1445 Tp1 - 1565 Tp2 - 1670 Tp3 - 1800 Tp4 - 1920 SL - Below 1400 (Only to get started) Rationale : Multi Timeframe Analysis Shows: 1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle 2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support ...

DrAnandM Updated 

nifty has broken 50 weekly EMA formed a head and shoulder or triple top pattern at in an attempt to retest the EMA from under and retest completion done. sell at cmp 22880 22900 target 22550 22500 sl above 23000

DrAnandM

On Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k. If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at 23500 23800 24000 24200 24800 25000 Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly...

DrAnandM Updated 

If Reliance Continues to sustain above 1245, then it may test 1330 1360 levels.. Rationale Out of Bearish Channel Bullish Divergence on RSI Near Weekly Monthly Quarterly Support. Trying to form higher highs.. at 0.78 Fib Retracement of the Fib retracement drawn Buy above 1255 SL below 1215 Target 1315 1330 1360

DrAnandM Updated 

Out of Falling Bearish Channel at Weekly Support. Decent Retracement possible before any further fall. Buy Above 1645 Targeting 1675 SL Below 1638

DrAnandM Updated 

Head and shoulder in HDFC BANK Below 1770 1670 could be tested in HDFC Bank

DrAnandM Updated 

The Monthly resistance at 24500 Zone has worked like magic Is Nifty headed for 22000 20000? Looks very much likely Depending upon further Price action we will review about 18000 17000 if at all Likely to be tested

DrAnandM Updated 

Nifty has completed Elliott Impulse Wave cycle that began in 2008 And Awaits Correction Waves that should follow for decent future run up.. 0.5/0.61/0.78 Fib retracement is Possible, Which Will bring Nifty to 17000 Level.. 2025 2026 Crisis is about to Begin.. Mark the Level 24k to 25k If this zone is Respected, Then This Correction may begin with full...

DrAnandM Updated 

Below 1250, 1170 could be tested In ICICI Bank. Quick move around the Corner..

DrAnandM

ICICI Bank looks weak on Charts after having Given a Great Run. Reasons to consider Shorting below 1200 Technicals : 1. Rejection from fresh Weekly Supply Zone established around 1280. 2. Double Top in formation, to complete upon breakdown of 1200 3. Bullish Channel Breakdown 4. Bigger Parallel Channel Resistance Hit at ATH 5. Rsi Bearish Divergence on Daily...

DrAnandM Updated 

Price action between 2600 and 2750 will decide future of Gold, Whether it will continue to remain bullish or Witness a healthy correction. Below 2750, 2600 will remain a decent possibility. Sustaining Below 2600 will open Doors to 2400. See You out of the Range Again