TheMamboMomentum

TheMamboMomentum

Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over. Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target. Indian markets are trading near the ATH and stock will follow the indices. On the daily time...

TheMamboMomentum

Market today has closed flat. In the morning even after a gap up market tried to cross and sustain above 45k levels but couldn't sustain and there was a sell off in the second half given nice sell opportunity. Option premium on the PE side gained almost 200%. Today was option buyers day and a trending market in the second half. Banknifty lost around 500 points...

TheMamboMomentum

Indian market are forming new ATH but are unable to sustain at the higher levels. On the daily time frame, the market has formed a red candle at the higher levels and is still respecting 19400 levels. Market opened gap up and gained an up side momentum in the initial hour. The market consolidated on the higher levels and there was a sell in the second half losing...

TheMamboMomentum

Banknifty today has given a consolidation and a break down in the last hour of the trading session. The market has tested the 50% fibonacci level today and is closed to the daily 20 Ema. The market is in the bullish move and can continue the up move if it reverse from the golden ratio. On the hourly charts, market has taken resistance from the 20 ema and closed...

TheMamboMomentum

Nifty is unable to cross above the high and has given a nice selling candle in the last hour. The market today was in a sideways mood and consolidated in 40 points range during the middle hours and cracked down closing below the support level of 19400. On the hourly charts, market traded around the 20 ema and closed below it. Either side market is not giving...

TheMamboMomentum

Banknifty fell around 400 points in the second half from the day's high but respected the support zone and closed above the 44700 levels. A nice bearish candle has been formed on the daily charts and closed 120 points lower after a gap up of same number. It tried to cross the 45k levels and sustained above it in the first half. But market took a U-turn and...

TheMamboMomentum

Nifty has again faced a rejection from the higher levels. Though, nifty closed 80 points higher after a gap up and has formed a gravestone doji on the daily charts. Markets are respecting the higher levels and couldn't convincingly create new highs. The market is missing on the buying or selling momentum and has been consolidating near the highs. On the hourly...

TheMamboMomentum

Banknifty has formed a doji and has closed almost flat. Whole day market remained volatile and during second half respected the support zone of 44850-900. The market on the hourly time frame, took resistance from the 20 ema and closed below it. Banknifty was weak and tested 44700 levels. Though, it was not trending and took the SL of the option buyers. On 15...

TheMamboMomentum

Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute...

TheMamboMomentum

Banknifty in the last trading session has started trading below 45000 levels and closed below it. It has formed a gravestone doji on the weekly charts and broke the recent support level around 45050 levels. Market consolidated on the higher levels and has given a break down. If the market are there for a healthy retracement, it will reverse after testing...

TheMamboMomentum

Nifty has been holding the highs for long. But during the last trading session market has given a bearish engulfing candle and formed a gravestone doji on the weekly time frame. The market has given a red candle and closed 165 points lower. Profit booking and retest was required and market has retraced to 23.6% fibonacci levels. On the hourly charts, the market...

TheMamboMomentum

JSW steel has been respecting a resistance zone around 780 levels from May 2021 and has finally given a break out. Is stock going to carry the bullish movement or break out is fake out?? The stock has given a close above the levels on the weekly time frame and at the same time the gravestone doji is creating a confusion of stock gaining some positive...

TheMamboMomentum

Banknifty on the daily time frame has consolidated in a range for 2-3 days and was volatile in the second half of the trading session. The market has given a bullish candle at the closing and closed 190 points higher. On hourly charts, market opened below the 20 ema but reversed and started trading above it. Even on 15 minute time frame, the market closed above...

TheMamboMomentum

Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500. The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points. Market is moving in a good bullish cycle of consolidation and breakout. On 15 minute time frame,...

TheMamboMomentum

Banknifty has been forming doji after doji. Market opened 160 points lower and during the first trading hour travelled both side and forming doji. On the hourly charts, market took support from the 20 EMA and closed above the levels. The market traded inside the first hour candle and consolidated whole day. The markets is holding the higher levels and is in a...

TheMamboMomentum

Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price. The market has consolidated whole day and remained in a range of 100 points. On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move. Even on the smaller...

TheMamboMomentum

Banknifty has formed a perfect doji on the daily time frame and has closed 150 points higher. On the hourly time frame, the market was volatile in the second half. A single hour candle tested 45650 levels and closed around 45300 levels. On 15 minutes charts, market closed below the 20 EMA in the morning hour but came back proving it a fake down. And finally has...

TheMamboMomentum

Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji. The market has closed gaining 66 points and has consolidated whole day, closing near the opening price. On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour. Nifty has been respecting the 20 EMA, on 15...