TheMamboMomentum

TheMamboMomentum

Nifty on the weekly time frame has given a lower wick rejection and closed above the 17000 levels. It has been trading below the 20 ema. There is a bearish moving averages cross over on the daily charts. There are chances of market retesting the moving averages and giving another sell leg. For the last 2 trading session the market has been forming dragon fly...

TheMamboMomentum

Banknifty has given a doji on the daily time frame and closed above 39000 levels. It has been taking resistance, on hourly charts, from the 20 ema and closed just below the levels. Today, the index has consolidated in a parallel channel and formed a flag and pole pattern. If there is a break down of the pattern, nice fall can be seen in coming days and good...

TheMamboMomentum

Nifty on the daily chart has formed a doji and can give some retracement. The market has clearly tested our support level of 16850 and retraced giving a flat closing. On the hourly charts, the market has consolidated in a ascending triangle pattern and closed near the previous day close. It is taking serious resistance from 20 ema and couldn't sustain above the...

TheMamboMomentum

Banknifty has given a nice bearish engulfing candle and the global markets are too trending in the negative momentum. Even after a gap up opening the market has closed 360 points lower giving a 1000 points move from day high. On hourly charts, the market has taken a rejection from the 20 ema and from the first candle onwards it came for selling. In last 5...

TheMamboMomentum

Nifty has given a bearish engulfing candle and closed below the crucial level of 17k. The market gave a gap up opening but couldn't sustain the higher levels and finally sank to test the support zone around 17000. On the hourly charts, the market has clearly taken resistance from the 20 ema and 38.2% fib levels. There are higher chances of nifty testing the...

TheMamboMomentum

Nifty has been trading in a bearish territory and is weaker than the other index. It has formed a doji after touching the round number figure of 17000. It has been forming lower high lower low formation and has consolidated in a narrow range in the second half of the trading session. On the hourly time frame, the market has been trading far below the 20 ema and...

TheMamboMomentum

Banknifty on the daily time frame has formed a perfect doji. The markets initially were in confusion but tested the lower levels taking support around 39200 levels. In the second half of the trading session the markets were volatile and consolidated in a 300 points range. On the hourly time frame, the market has closed below both the moving averages and forming...

TheMamboMomentum

Banknifty has finally closed below the 200Dma which suggest a move of a bearish market cycle. The market has closed 920 points lower near the support zone. If the market starts trading below 39500, the market can fall another 500 points taking support around the round number figure. On the hourly time frame, a bearish moving averages cross over is there and the...

TheMamboMomentum

Nifty has fallen around 400 points from the day high. An bearish engulfing candle has been formed. The moving averages are close enough and will form a bearish moving averages cross over in the coming sessions. On the hourly charts, the market touched the 20 ema and reversed, giving close below the recent low of 17260. The markets are bearish in short to medium...

TheMamboMomentum

Banknifty on the daily time frame has given a doji and closed only 99 points higher after a gap of 150 points. In the first hour of the market there was a nice bullish candle but the market couldn't sustain the levels and started to melt down closing around 41350 points. There is a bullish moving averages cross over, on the hourly time frame, which shows some...

TheMamboMomentum

Nifty has formed an gravestone doji taking resistance from 17800 levels. The market gave a gap up opening and tried to hold the levels but during the second half of the market, there was a selling after taking rejection from the levels. On the hourly time frame, the market has closed near the 200 ema but has closed 117 points higher. The market has created a...

TheMamboMomentum

A tweezer bottom pattern is formed on the weekly charts of banknifty. The index has closed above the 20 ema and looks stronger than the other index. The market has given a nice weekly and daily closing around 41250 levels. The market has closed near 38.2% fibonacci levels. Banknifty has given a break out and a retest of the resistance zone and closed above both...

TheMamboMomentum

The monthly candle for the month of February has given a close around 17300 levels. Though, the current weekly candle is showing some positivity there are chances of a retest of 50% fib levels. Nifty is trading below the 20 ema on the weekly time frame. On the daily time frame, the market has closed near 38.2% fibonnaci levels and nifty has taken resistance from...

TheMamboMomentum

Nifty on the weekly time frame has closed below the 20 ema and formed an evening star pattern on the higher time frame. Market has consolidated for 2 weeks and given a fall after the consolidation. On the daily time frame, the market has constantly taking resistance from the 200 ema and given a close below it. Though, it has taken support from 17440 levels, but...

TheMamboMomentum

Banknifty on the weekly time frame has formed a evening star pattern and closed below the 20 ema. Even on the daily time frame the market has closed below the 200 ema and 40k round level. Market has been taking support from 39900 levels. If it starts trading below the levels, bearish trades can be entered and nice targets can be achieved. On the hourly time...

TheMamboMomentum

Banknifty has formed a doji, consolidating in a range on only 400 points. It is taking support from 40600 levels and can retest resistance before another fall. On the hourly time frame, market remained volatile and in the second half consolidated in 40600-770 range. The market has given a nice consolidation and beark out/down will be good to trade. Banknifty...

TheMamboMomentum

Nifty has formed another negative candle and closed below the 20 ema. The market took support around 17800 levels. On the hourly time frame, the market tried to trap the bullish trades. It took resistance from the moving average and reversed giving a nice bearish trade. There is a bearish moving averages crossover also. The market remained in a 100 points range...

TheMamboMomentum

Nifty on the daily time frame has closed below the inclined trend line. If it crosses and starts trading below 17800 levels market has test the recent low. On the hourly time frame, the market has consolidated in the last hour after a fall forming doji. The market is showing bearish sentiments. There is a bearish moving averages cross over, on 15 minutes charts,...