here's one more analysis for you. KOTAK MAHINDRA BANK
as it made a very bullish move from 1700 levels, and on the same day came back to the mean level.
So we are waiting for the price to come back at the same level, which is round level- 1700
Scenario1- we can go long @1700 with the SL of 1696.50, against the target of- 1713 (2.84 RR), 1723, 1742(...
Black Trendlines Represent on 1 Day Time Frame, with support @ 31760 ( Support highlighted )
Green trendlines Represents 1 Hour TimeFrame. Where 32400 is support and 32800 is Resistance.
Red Trendlines provides analysis for short term- 15 minutes and 30 Minutes.
On shorter time Frame, Price has created RSI diversion and falling wedge,
which shows market can go...
for the last 3 days, same chart is working for me,
Please see the chart.
now the price is within the triangle,
next resistance- 15000
next support 14744.
on 4th Feb, NIFTY might stay withtin the range- 14744 to 14910.
or we can see Upside movement till 15000, or downside till 14744.
Please let me know, what do you think of. Just sharing my Idea, not encouragin...
as per the Chart, 2871 could work as a double top,
after Gap Up price sustain above 2871- GO long- targets- 2921, 2989
gap Down below 2871- target- 2831, 2757.
also watch out 8 ema and Recent High of the chart on 1 day time frame.
sharing this cuz i beleive in my Analysis and it works. Please do your own research before making a move.
4H timeframe or day chart,
shorting opportunity is here as i shorted around 221. this chart is creating Highs and Lows, you can see the trendline as well,
as heavy volume is there as well, The price would rise a bit, and then might fall, in upcoming days ITC could fall down to 203 roughly, 7-8%.
Let me know your views on Comments. One can go LONG when it comes...
Reliance is back! after a while,
support from 200 ema or 1857 ( Support zone)
with a long wick bullish Candle , if it sustains above 1935. then go long.
targets If bullish- above 1935,- Tgt- 1967, 2007.
If bearish(1923)- tgts- 1899, 1857.
As per my analysis, unexpeted movement is there due to budget day. if Nifty is going to sustain above 13967 and the Support trendline (green).
which nifty broke earlier, nifty could go there to retrest (Gapup) and fall down till 13585 or 13147. On the other hand if Nifty opens gapdown, nifty could touch 13139 then move upwards till 13756.
As i can see it has taken the support twice on the trend line, also tomorrow is the budget day. (either side momentum is possible)
it might take rejection near 31644, post there could be a shorting opportunity,, my senario- Gapup opening, downfall in second half.