TheMamboMomentum

TheMamboMomentum

Finnifty on the daily charts has given a grave stone doji and closed around 19800 levels. The market after an initial selling tried to recover and slow regained some points closing only 23 points lower. On the hourly charts, after the initial hour candle the market consolidated and closed between both the moving averages. The gap up and gap down are taking a...

TheMamboMomentum

There was gap filling trade in the very first hour of the session and after that market slowly started to gain up side momentum. Banknifty tested the 20 ema on daily charts and has finally closed above the levels. On the hourly charts, it took support around 200 ema and couldn't clear the 19600 level and constantly took rejection from the level. Trending...

TheMamboMomentum

A gravestone doji after a gap up opening is creating confusion in the market. Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price. On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels. The market gave gap filling...

TheMamboMomentum

Indusind Bank is consolidating in a range after a good rally forming a flag and pole pattern on the weekly charts. The stock has formed a dragon fly doji and is trading in 5% range for last 40 days which predicts that there will be a nice break out or break down. It has been trading around the 20 ema on the daily charts and in the last session given a 2% bullish...

TheMamboMomentum

Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a...

TheMamboMomentum

Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels. There was a nice bullish move in the last trading session after constantly testing 19250 levels. Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go. A U-shape recovery is there, on hourly charts,...

TheMamboMomentum

Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern. The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout. Sector and stock both has closed near the ATH. There is a...

TheMamboMomentum

Nifty has been trading below the 20 ema and is taking support from 19250 levels. Market has lost around 200 points from this week high and is trading around the previous swing low. If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off. On the hourly charts, the market came for selling and...

TheMamboMomentum

Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000...

TheMamboMomentum

Banknifty is way more bearish than nifty. It has again not sustained the gap up and came for selling from the first hour of the session. The market is unable to close above the 20 ema and has agian closed below the levels after a gap up. It lost around 600 points from day high, the second half of the market gave a 400 points downside move, closing 260 points...

TheMamboMomentum

Again nifty after a gap up opening couldn't sustain above the 20 ema and in the second half of the trading session came for selling, closing flat. On the hourly time frame, market took support from 200 ema and showed some positivity but couldn't sustain and came for selling closing below both the moving averages. Market has reversed after testing the 61.8% fib...

TheMamboMomentum

Bitcoin for last 10 day is being consolidating after a nice fall of 10%. The coin is consolidating in a range of 1% and there can be a nice move one it breaks the consolidation zone. On the weekly charts, it is taking support from the 200 ema i.e. 25670 and has retested after testing the levels. Even on the daily charts, there is also a bearish moving averages...

TheMamboMomentum

Banknifty is constantly struggling to clear the 20 ema and today also after a gap up opening it has closed near to the moving average. The market is not going in a flow and is creating volatility. Option seller are making profits while option buyer are not getting much opportunity. On the hourly charts, it has closed between both the moving averages and has...

TheMamboMomentum

Nifty is not taking the benefit of the gap up opening and is coming for selling from the very first candle. Though, the market recovered after falling and closed 36 points above, still there is sideway to volatile market. Option sellers market is on as the volatility is taking away the premiums benefitting the sellers. On the hourly charts, it took support...

TheMamboMomentum

Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts. On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages. Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending...

TheMamboMomentum

Banknifty looked positive today and has closed above the round level of 44500, closing 260 above. Still market faced rejection from 20 ema and has closed just below the levels. Though the market has formed a green candle, this might be a retracement of the previous swing for another bearish move. Market is standing around the 61.8% fib levels and has not closed...

TheMamboMomentum

Nifty is still forming doji after doji. The market on the daily time frame is still below the moving average and in sideways mood. On the hourly charts, market tested the support zone and tried to move up but took resistance from the 20 ema and gave a retracement after touch the levels. There is also an evening star pattern there. Market slow tried to move upper...

TheMamboMomentum

Banknifty has formed a gravestone doji after retesting 50% fibonacci level of the recent swing. It has retest the upper levels after taking support from the 20 ema on weekly charts and is trading above the level. On the daily charts, the market has been trading below the 20 ema and hasn't closed above the moving averages. There was a gap up opening above the...