KarniKripaa

KarniKripaa Updated 

Banknifty is heading toward ATH once again structure is bullish the more time it spend near to it, resistance will be weaker we can see new ATM in coming days Buy on dip should be the good trade idea.

KarniKripaa

Nifty is holding at upper levels A good formation of Cup & handle Buy on dip would be more easier to trade but if you are experienced trader both side momentum can be caught with 10-15 points SL

KarniKripaa

Nifty again bounced from support Bulls are dominating, but holding at upper level is important to break ATH and make a new high. Since momentum are coming 100 points, that means volatility is increasing. So play only around the support and resistance. And most importantly say NO TO RANDOM TRADING.

KarniKripaa

Today banknifty again recovered from support same as on 15/06/2023. Which makes support little dicy, Banknifty intraday can be played out with good 1:4/5 RR around the support & Resistance. Bullish trend changes only above 44500 on closing basis for a day or two.

KarniKripaa

As posted on thursday analysis, price beautifully recovered. Nifty & banknifty both are few points away to break ATH. IN coming days few can see a good momentum. As yet direction is up, however every breakout to be traded carefully

KarniKripaa

Nifty is trade just below the ATH resistance, we are about get some trending days ahead. Best price action for Monday is price opening at fridays close & take support and bounce for the target of ATH resistance. If gap up then we can wait for a pull as small as to fill the gap of friday close and shoot up. Say no to random trading

KarniKripaa

1. 2 years consolidation 2. Near to Breakout level 3. 1:4+ RR trade 4. Trend is bullish in all time frames

KarniKripaa

1. Breakout on daily TF 2. Weekly breakout to watch for to go for short term investing 3.RR is very lucrative with pyramiding perspective from 1:5 or 1:10 RR

KarniKripaa Updated 

1. Falling wedge pattern Breakout 2. Price is trading at support 3. 14 months consolidation 4. Decisive breakout 5. ATH can be seen considering the consolidation and a new ATH can be witnessed

KarniKripaa

1. Price is trading near to ATH zone 2. Price took support at uptrend trend line 3. Major trend is bullish 4. Risk to reward is very lucrative 1:5+ RR

KarniKripaa

Nifty price action is more clear and crisp then banknifty Banknifty is clearly choppy and does not have participation of big player, this price action is more of news awaited to pick a direction. So until the direction is not clear, do not trade with regular qty. But Banknifty will have big move in coming days

KarniKripaa

Price trading in previous day's range Safe trade only out side the range. Monday went in consolidation, today can expect some kind of move. Structure does not seem for a big move on upside but pressure can be seen to push price lower. Good RR trade set up near to marked support & resistance area only with 10-20 points SL and 3/5 time the target.

KarniKripaa Updated 

1. Price taking support of past resistnace 2. Bullish engulfing formation at price reversal point 3. Risk to reward is lucrative 4. Follow candle close for stop loss

KarniKripaa

1. 5 months consolidation 2. Trend is bullish 3. RR is 1:4 4. Price is holding above breakout levels

KarniKripaa

Banknifty is facing resistance at ATH Price is back to the range, this profit booking was expected as mentioned on wednesday post. Now what can we expect is small scalp trade from support and resistance as banknifty has support and resistance on every few points so potential move can only be seen out of range thats again at break of ATH.

KarniKripaa

As mentioned in last analysis from ATH we could see some serious profit booking without any pull back However CMP (current market price trading at support and a gap up can be seen on Monday, if so then we can plan for a pull back from the same support price can bounce If price open gaps down then support will turn into resistance and with small risk 1:4+ RR...

KarniKripaa

Banknfity is not as strong as nifty when it comes to picking up momentum still we have ATH resitance to cross for banknifty and make new high that will lead to good momentum

KarniKripaa

Today nifty gave breakout of range and now only 2 marked resistance on the chart, this resistance holds the potential for price to reverse, as profit booking can be seen. as yet minimum target we can expect ATH.