DragonFly-Trading

DragonFly-Trading

Banknifty struggles with lot of support, but respects every support line. and formed small pattern.

DragonFly-Trading

Nifty currently took support at the trendline. and crossed the zones I marked. Yesterday struggled a lot in this zone due to the trendline Note : 3 confirmations every successful trader follows support, trendline and candle behaviour.

DragonFly-Trading

Bajaj finance forming the good pattern , marked different entry opportunity for long term only.

DragonFly-Trading

Banknifty currently broke up the huge trendline and took support on the same trendline with support line of 51260. I'm surprised to that a lot of stocks and indexes has good volume on the previous day. let's see the plan of bigger player in the market today.

DragonFly-Trading

Nifty is currently between the support and resistance zones. they are respected well. I'm surprised to see that A lot of the stocks had good volume on the previous day. Let's see the plan of the bigger player in the market.

DragonFly-Trading

BEL currently forming good pattern. watch for breakout

DragonFly-Trading

all of my levels are 90% accuracy , my previous day drawn support and trendline worked very well. currently market opened above trendline and broke support , but upcoming support are that not very much trustable . ill update the strong level in comments .based on how its behaves today.

DragonFly-Trading

support and resistance are working great so far, my previous support and resistance has 90 % accurate and respected well as usual . previous day 29-8-24 , I drew trendline and took support exactly at 25000 levels .

DragonFly-Trading

DCB took support at 117 levels , good for long term investment. can wait for retracement for good entry

DragonFly-Trading

Bank nifty rejected from long time trendline with resistance of 51356 which I told in previous analysis.

DragonFly-Trading

In nifty there is small zone nearly at 24984 and trendline with weak strength , when candles comes to trendline and support zone can bounce at that level.

DragonFly-Trading

Currently, Banknifty formed a Rising wedge and was rejected from the 51100 levels, also it has strong Resistance levels, let's see how it behaves.

DragonFly-Trading

Nifty support and resistance levels for nifty , in this chart I marked day and high , its the crucial levels, when market crosses this levels can expect some moves.

DragonFly-Trading

Drawn resistance and support levels for nifty, currently in took support above at channel up , and forming small channel up formation , 24852 is upcoming resistance , lets see how its react to tomorrow.