TheMamboMomentum

TheMamboMomentum

Banknifty has finally crossed and sustained above 45000 levels and has been giving gap up after gap up for last few trading session. The market gained some momentum in the first hour and has consolidated whole day after it, remaining in the first hour candle itself. India VIX is trading around 10-11 which is helping markets to travel new high. It is also...

TheMamboMomentum

For the last 4 trading session, market has been giving gap up and showing positive momentum. On the daily charts, market again has given 130 points move. The market remained in the first hour candle and gave close near the day high. There are less opportunity for intraday traders as the gap up take away the move. The time is for the positional and swing...

TheMamboMomentum

A bullish candle on the weekly time frame, show some positivity in the indian markets and the indices are forming new ATH. Banknifty has given a nice movement and closed n around 44750 levels. It has been giving gap up and momentum after even the gap up. On daily charts, market has crossed the 20 ema and given nice momentum of 1100+ points in previous...

TheMamboMomentum

Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle. Market has been continuously giving gap up and movement for 3-4 days. There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH. It can give momentum to touch 19500-700 levels....

TheMamboMomentum

Eclerx services after a consolidation of 12 months has given a break out and is showing a trend reversal signal. The stock after the break out has given a 10%+ up move and in this month formed a gravestone doji from the resistance zone forming double top pattern. Currently, the stock is trading around 1625 levels, testing the 38.2% fib levels and the support...

TheMamboMomentum

Nifty, finally, tested the 19k levels but couldn't sustain above it. After the gap up opening above 18900 it travelled and touched the higher levels. The index was strong as compare to the other indices and closed near the higher levels. On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading...

TheMamboMomentum

Banknifty on the daily charts has formed a doji near the high and finally crossed but couldn't sustain above 44500 levels. Market after a gap up opening came for a gap filling and consolidated whole day being expiry in the second half. There was both side movement as there was expiry and option premiums too where volatile whether it was call or put. During the...

TheMamboMomentum

Gail has been trading in a range for almost 4 months and in a smaller range for 40 days. Its trading around the support zone of 102-104. The stock has consolidated very well and can give either side break. Though on the daily time frame, the stock is trading between both the moving averages and is taking support from the zone forming dragon fly doji near it. It...

TheMamboMomentum

Nifty is taking support around its 20 EMA on the daily charts. Banknifty is trading below the moving average but nifty is still holding the level and seems to be stronger. On the hourly chart, nifty has closed between both the moving averages and for last two trading session has been trading in a single candle range. Consolidation is there in the market and a...

TheMamboMomentum

Banknifty on the daily time frame has formed an inside candle and is still trading below 20 EMA. Market is consolidating and has traded all time in a range of 200 points. Consolidation and a good break out/down is possible. Either side momentum can be seen. In the bear trade if market start trading below 43400 levels good momentum can seen. On the hourly...

TheMamboMomentum

Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening....

TheMamboMomentum

Nifty has almost touched the high and given a marabozu candle on the weekly charts. The market on the higher time frame is forming a double top pattern. Market, on the daily time frame, is taking support from the 20 EMA and has closed below the recent support level of 18680. If the fall continues, there are chances of market testing 18500 levels. In the last...

TheMamboMomentum

Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA. Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target. A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there. On 15...

TheMamboMomentum

Again the market has given a both side move. After a gap up opening market has given a fall in the first half and regain in the second half. On the daily time frame, the market has formed dragon fly doji. Previous data also shows the market has been giving gap ups while doing upward. There are chance of market following the previous data. On the hourly charts,...

TheMamboMomentum

Nifty has given a nice move and closed above 18800 level. A good dragon fly doji has been given on the daily time frame. Market has been holding on the higher levels and trading above both the moving averages. Today, market tested the previous day low and bounced from the levels. On the hourly charts, the market has closed above both the moving...

TheMamboMomentum

Banknifty on the daily time frame has given a nice green candle. In the first half market has tested 43400 levels and recovered in the second half giving close above 43750 levels. Market has given a fall, breaking both the moving averages and in the second half has closed above both the moving averages. Banknifty consolidated near the 43400 levels. The was a...

TheMamboMomentum

Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels. Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts. A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels,...

TheMamboMomentum

Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts. There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700. On 15 minutes chart, market is trading between both the moving averages. Market has closed below the...