KarniKripaa

KarniKripaa Updated 

1. Break of downward trend channel 2. Retest of upper channel TL 3. Double bottom formation 4. Major trend is bullish 5. Risk to reward is very handsome

KarniKripaa

1. Nifty is in sideways 2. option buying would hard in sideways, however if played our at extreme levels of support & resistance can be beneficial. 3. Option sellers little easy in choppy market, has side ways ranges are clear.

KarniKripaa

1. gap down at the opening and make new high for the day 2. After break of day's high price give about 73 approx points move on both days 3. As yet sell on rise would be suitable.

KarniKripaa

Since Oct 2022, USDINR first time gave breakout today. We can see volatility in coming days.

KarniKripaa

Nifty is making lower low in smaller time frame. Major trend is bullish, smaller trend is bearish. Market is getting into a retracement If nothing makes sense, then wait patiently to hit hard when trend change in smaller TF as well. Do not trade random, wait for price to come to your level to have most favorable risk to reward trade set up.

KarniKripaa

Nifty is sideways to bearish, even after inverted H&S, price did not get pushed. there is a high probability of trapping on both sides. Bullish view continues above ATH & bearish view will be confirmed below 19303.

KarniKripaa

Banknifty is weaker then nifty, may due to some news. How ever chart shows weakness, Major retracement is due too so first sellers will be trapped and then buyers. above ATH only BN will be strong till then play for small profits only Trend is side ways to bearish

KarniKripaa

Reversal pattern on nifty does not have strength, which clearly an indication that buyers are being trapped. We can see reversal again in Nifty from one of the resistance levels 19795,19865 if not from these then most likely 19991 Decisively, nifty will be strong only above 19991 and sustaining above it Trade with cautious

KarniKripaa

As we can see the pattern is yet to complete or break its neckline, until then this is not suitable for trading. we can only expect a momentum when on upper side it breaks 45095 levels and on lower side 44279 Nifty has momentum yesterday as it gave breakout of the H&S with gap up & BN did not.

KarniKripaa

1. Bullish H&S pattern (Reversal/ Inverted H&S Pattern) 2. Price turning from support giving a false breakdown, on daily TF earlier resistance. 3. Major trend bullish, short term was bearish until this reversal set up appeared. 4. Now for short term buy on dips is logical to trade.

KarniKripaa

1. Inverted H&S evidently seen on chart (just like book pattern) 2. Price is reversed from a strong support

KarniKripaa

Market is in retracement, so far no sign of weakness. Minor corrections will be there for it to make new highs In short term sell on rise looks good In medium term buy on dips looks good. wait for right set up and trade with high RR probability trades. buy at support & sell at resistance is basic funda to follow

KarniKripaa Updated 

1. Flag & pole pattern breakout 2. 9 months consolidation 3.Entry before breakout has its own benefit

KarniKripaa

4 days of struggle & yesterdays downside rally, only shows price is finally getting into retracement until yesterday was expecting price to touch again the ATH again before further push down, but sellers are aggressive and did not even cross 19866 levels sell on rise for intraday is suitable can if good pull back comes can short positional

KarniKripaa

No proper price action , no clear trend, no clear levels to play out, stay cautious. Nifty is bearish and BN has no sign of bearishness, jut retracement. So big move is not possible as both index are not in line, BN may hit the target first then reverse and get in line with nifty.

KarniKripaa

Nifty is not able to pull back & selling pressure is coming on every time it is try to pull back. Most likely all the early sellers will be trapped by sharp recovery. Also selling at already discounted price is very risky, lets price get in to premium for a good entry point to short.

KarniKripaa

While BN is yet to achieve its short term target. Combining with nifty, while nifty fill then gap BN can make its short term target and then reverse with nifty. Stay cautious, and do not trade random.

KarniKripaa

Sever fall on Friday after very strong rally on Thursday. What it has done is damaged the sentiment of the market for short term. It is advisable to wait for clear direction to take positional trade. On intraday break of channel can be played out as upside but the gap created on friday can be filled before the fall begins.