TheMamboMomentum

TheMamboMomentum

JSW steel on the weekly charts has been consolidating in a range and trading around the 20 ema. The stock has taken support from 0.618 fibonacci level but unable to close above 0.382 levels. It is consolidating in the same range. Stock can give either side movement and is currently trading near the resistance levels. On the daily time frame, the stock is...

TheMamboMomentum

Nifty for the last 3 trading session has been trading in a range and next week trade in nifty can give good points. On the higher levels the market has given a bearish doji candle. There can be a double top formation as the market prevoiusly reversed from 18680 levels. The market has given a rally of 1600 points in 2 months time. There will be a retracement...

TheMamboMomentum

Banknifty is sustaining at the higher levels and created a new ATH of 44500, Though on the weekly charts, a red candle is formed still the markets are around 44000. Markets have been taking support around 43500 previously and can test the same levels in coming week. The market has been testing 20 ema on the weekly time frame as a support and 20 ema as resistance...

TheMamboMomentum

Nifty has closed below the round number figure of 18500. The market has given a nice fall in the second half of the trading session. On the hourly time frame, nifty has started trading below 20 ema and has given a negative closing. The market tried to sustain at the higher levels but couldn't hold long. Nifty still remained strong as compare to the finance...

TheMamboMomentum

A bearish candle has been formed on the daily charts in banknifty and has closed below the low of previous day. On the hourly chart, the market consolidated in the first half and remained in a narrow range of 150-60 points. Banknifty constantly took resistance from the 20 ema and gave a nice bearish movement in the second half of the trading session. Markets...

TheMamboMomentum

Banknifty tried to gain some point in the last hour of the trading session and has formed a dragon fly doji on the daily chart. It closed above the 44100 levels. On the hourly time frame, the market has started trading below the 20 ema and took resistance from it. The market gave break down of 44250 levels and has retested the same levels. Support :- 43835,...

TheMamboMomentum

Nifty has fallen in the first half of the trading session and tried to recover some points in the second half. Market on the daily chart has given a dragon fly doji and closed above 18500 levels. The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced...

TheMamboMomentum

Banknifty has been holding itself at the ATH and has formed a range of 200 points in which its trading. The market has gained some points during the last hour of the session and has closed above 44400 levels. The market is taking resistance around the round number figure of 44500. On the hourly time frame, the market has been trading above the 20 ema. Banknifty...

TheMamboMomentum

For the last two trading session, nifty has been trading in a similar range and has formed dojis. Though banknifty has been trading new ATH, nifty is unable to capture the previous high. On the hourly time frame, the market has traded inside the first candle and is taking support around 18600 levels. If the markets break down, gap fill trade can be taken. On the...

TheMamboMomentum

Banknifty has been trading in a range and has closed near the resistance level. Market has formed a dragon fly doji and if the market crosses above the resistance levels nice upside movement can be seen in the coming week. For last 2 weeks market has been consolidating in a 600 points range and taking support from the 20 ema on the daily charts. In the coming...

TheMamboMomentum

Nifty on the weekly time frame has given a nice bullish candle and has closed above the resistance zone. It has consolidated for 2 week in the range and has given a break out. The market has formed a good bullish pattern on the daily time frame as it has taken a support from the 61.8 fib level. The market has been taking support from the 20 ema. On the hourly...

TheMamboMomentum

Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hourly candle. Market have overstretched and is consolidating on higher levels. If the market sustains and gives a break out new highs can be seen, else market will debacle to test lower levels. The market, on the hourly time frame, has closed near 20 ema and...

TheMamboMomentum

Bank nifty on the daily time frame has given a grave stone doji after a dragon fly doji. Market after Gap up opening has given a selling. Initially market came for selling and consolidated in the second half of the session. After the first hour market has formed a bearish flag pole pattern. Support:- 43430, 43200 Resistance:- 43640, 43700 Bank nifty is still...

TheMamboMomentum

Perfect Head and shoulder break down can be there in the Sun Pharma stock. It is trading around the neck line. Sun Pharma is in the sell zone, as the market has retest the recent 50% fib levels. This stock never fails to respect the fibonacci levels. It has been consolidating and on the daily charts it has formed a gravestone doji. Stock is near it 200 DMA and...

TheMamboMomentum

Institutions are winding up retails money as the markets are volatile. Gap up/down are giving losses to the retails. Nifty has recovered all the losses of the previous session and has closed above the recent high of 18267. A nice bullish marubozu candle is there on the daily time frame and there are chance of nifty trading around its ATH. Nifty remained strong...

TheMamboMomentum

Indian market followed the global markets and has given a nice upside move after a 1000 points loss, Banknifty has given a 600 points recovery forming an inside candle on the daily time frame. Though, the market looks bullish, still banknifty is trading in a resistance zone and the previous fake out if strong will also act as a resistance. Markets opened gap up...

TheMamboMomentum

IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels. A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks. Stock holded the 20 ema after the break out of the moving...

TheMamboMomentum

Indian markets has been trading in green since last 2 months. The financial sector has outperformed as the Nifty finance is trading above 19k and Banknifty around 43k levels. Market has outstretched, finally some profit booking is coming. Banknifty has given a bearish candle on the weekly time frame as well as on the daily charts. Banknifty can retest the...