Price_actiontaker14

Price_actiontaker14

**Technical Pattern & Structure:** Breakout Observed: The stock has **broken above a horizontal resistance zone** (293-294), which had acted as a cap multiple times in the past. Chart Pattern: Appears to be a **broadening wedge** or **expanding triangle** (purple trendlines), within which price had been fluctuating for months. Consolidation Zone: Between...

Price_actiontaker14 Updated 

DJI may reach to new lows at 44537! It seems dji is unable to touch or break 45000 level may reach to its support before any move further on upside Support : 44800,44700

Price_actiontaker14

On 9th December, Bank Nifty (BN) began with a bullish move, taking support at 53,352 and climbing approximately 350+ points by 11:15 AM. However, bears took control afterwards, pushing BN back to the same support zone around 53,352–53,400 levels. Analysis: BN has tested the 53,352 to 53,400 support zone three times between 5th and 9th December. This marks the...

Price_actiontaker14

Yesterday Nifty opened bullish and immediately fall after 1 hr failed to break 24300 resistance level 4th time in 3 days which shows bears are strong in that area. Nifty took support at 23900 which filled the previous gap created on 25th nov. check on 15 min candle last low was made at 2.15 pm after that no lower low was made which shows bulls are pusing up but...

Price_actiontaker14

Yesterday BN opened bullish and failed to break 52600 levels and came down and took support 51750 - 780(from where market opened gap up on 25th nov). Fall continued till 1pm after that bank nifty took support and was in range from 51780 to 51980. Support : 51780,51178 - 51200 Resistance : 52240, 52590-52600

Price_actiontaker14

Bank nifty after a gap up opening failed to break daily trend line resistance arround 52300. tried to touch 52600 on 26th nov morning but later on failed traded sideways rest of the day but still shows strength on buy side from bottom. Possibilites for tomorrow : Pin 1 : open on trend line support and try to reach the previous high pin 2 : open on trend line...

Price_actiontaker14

Bank Nifty levels Support : 51680, 51400 Resistance : 51950, 52000 Yesterday BN broke trendline from 51669 in morning but in 2nd half the bears where able pull bulls down which created a trend line on downside but also we saw some consolidation at the end of the day which can create a move for tomorrow if broken and restested!!

Price_actiontaker14

AB can bounce from 1169 to 1189 in coming days and Ab has broken daily & weekily resistance trendline and also retested at the end on the day. May a bounce can come if open above weekly trendline (1170) or gap up. if not another buying oppurtunity is will be at 1144 where both daily n weekly are intersecting.

Price_actiontaker14

Looking at the trend Bank Nifty is making continious lower lows from the start of the month & has been halted near 51000 to 51300 sideways from last 4 days. Looks like a move can come if the it breaks range of 51000 or 51300. Also BN moving downside below daily trend line still hovering at support 51000. if breaks with restest a bearish move is...

Price_actiontaker14

Bank Nifty Analysis 25th october Support level at 50000 and also round level which can trigger more sellers or may trap. Check if it restest and then break after that only seller can takeover below 50000 Resistance at 51000 if breaks above this level then only buyers gets more active!!

Price_actiontaker14

Support at : 49200 , 48900 Resistance : 49900,50200

Price_actiontaker14

Bank nifty in tight range resistance at 49900 Support 49600

Price_actiontaker14

Check out bank nifty analysis for 7th March'24 & let me know if u need more analysis on stocks also comment you fav stocks for analysis Thanks!!!

Price_actiontaker14 Updated 

Avoid flase breakouts & traps above 47500 & 47200!

Price_actiontaker14

Analysis for 4th March'24 Strong bullish recovery last week from 46200 to 47200 confirms the "aviator pattern" or "W" formation also looks like instutional are actively bullish. Also BN has broke strong 2 month daily resistance & lastly closed just above that resistance which gives a indication of bullish dominance. Thus this resistance becomes "strong point of...

Price_actiontaker14

Recap : Mentioned already on yesterday analysis that Bears have started dominating bulls you can read that in link below. Morining Just started with bearish candle at 9.15 closed below previous day low following with long legged doji candle and once that doji low broken at 9.45 Am it got confirmed that bears are ready to dominate Later on bounced from daily...

Price_actiontaker14 Updated 

Recap: As mentioned yesterday's analysis Bank nifty started with fake break out after firing 2 strong bullish candle on 15min & then a sudden dip trapped many players. But still strong support 46900 helped saved bulls to reach again for a breakout but failed & BN closed at support 46900. Analysis for Next Day: Bears have started dominating as seen today bulls...

Price_actiontaker14

Recap : After a 2 days bullish run from 14 & 15 bank nifty was cooled down in a tight range between 46300 to 46500 on 16th FEB'24 Also some profit booking was done after 1pm at strong resistance 46500 also happens to be round number. lastly BN stalled at 46300. Insights for tomorrow: BN Ranging at resistance on daily time frame previously touched twice and...