TheMamboMomentum

TheMamboMomentum

After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower. On the hourly time frame, the market gained some momentum closing above both the moving averages. The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level. On 15 minute...

TheMamboMomentum

Banknifty on the daily time frame has given a dragon fly doji and on the smaller time frame there is a cup and handle pattern. The market has closed near the resistance zone and 20 ema on hourly time frame. Banknifty has tested the 43440 levels many times and if the market start trading above this level, it can test recent highs. On 15 minute time frame, the...

TheMamboMomentum

Nifty is showing some signs of recovery and has formed a strong bullish candle. The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages. Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high. On 15 minute...

TheMamboMomentum

Nifty on the weekly time frame has given a gravestone doji losing 220 points. The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250. On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover. The market has given a nice...

TheMamboMomentum

Banknifty on the weekly time frame has given a gravestone doji and closed below 43500 levels. The markets has been in a bull move and this can be a retracement before another bull leg. On the daily time frame, the marekt has tested its 20 ema and closed above it. As per the Fibonnaci retracement levels, Banknifty can test 41500 level i.e. 38.6% levels. The...

TheMamboMomentum

BPCL on the daily time frame has given a break out of a cup and handle pattern. The stock has taking a halt near the resistance zone and gave a break out after a selling off from the level. 3 points confirmation. 1. Break out of the cup and handle pattern. 2. Closed above both the moving averages. 3. High trading volume on the break out. The stock has finally...

TheMamboMomentum

Banknifty on the daily time frame has formed an inside candle and closed only 75 point above. On the hourly time frame, the market has tested the 20 ema and consolidated in a flag and pole pattern forming lower wicks. The index opened lower but regained in the first hour and consolidated whole day in a narrow range of about 100 points. The market, on 15 minute...

TheMamboMomentum

Nifty on the daily time frame has formed a doji candle and closed flat. On the hourly time frame, the market has tested the 200 ema and consolidated after the initial hour of movement. The market closed between both the moving averages. Nifty has traded in a broader range and remained in the range. The market has given a bullish closing but still taking...

TheMamboMomentum

HDFC Bank has been halting on the higher levels and is consolidating in a 3% range. The stock has been forming a flag and pole pattern on weekly time frame. The stock has closed near the resistance zone and is trading above the 20 DMA. Banknifty has been forming new highs and HDFC has the high percentage in the index. Trade can be carried in this stock for...

TheMamboMomentum

Banknifty has finally traded near 44k level and has given another green candle on the weekly time frame. On the hourly time frame, the market has formed a dragon fly doji and closed above 43600 level. The market has tested the 20 ema, on hourly time frame, and gave a nice upmove. The market after a gap up and came for selling and tested the support zone near...

TheMamboMomentum

Nifty on the weekly time frame has formed an inside candle and closed 1% lower. On the daily time frame, the market has tested the 20 ema and closed above the levels. There is a bearish engulfing candle on the daily time frame. The market has been following a downtrend and has closed between 20 and 200 ema on hourly time frame. There is a bearish moving...

TheMamboMomentum

Nifty on the hourly time frame has been following a nice lower high lower low pattern and has given a bearish engulfing pattern on the daily time frame. The market on the hourly time frame has been trading below the 20 ema and gave a nice selling candle in the closing hour of the session. On 15 minute time frame, there is a bearish moving average cross...

TheMamboMomentum

Banknifty for last 3-4 days has consolidated in a narrow range. Today also the market formed a doji and can give a nice trending market tomorrow. The market, on hourly time frame, there was a nice selling as there was a going Monetary policy. Market came below the 20 ema and took resistance from the level. On 15 minute time frame, the market came below 200 ema...

TheMamboMomentum

Market trend is still not predictable as banknifty has formed a gravestone doji after a dragon fly doji on day to day closing. Banknifty created confusion in the initial hour and consolidated whole day in a narrow range. On hourly time frame, the market traded whole day below the 20 ema. The market has constantly faced rejection from 43200 levels and closed 194...

TheMamboMomentum

Nifty is showing some retracement and has closed near to 50% fib level on daily time frame. The market has closed losing only 58 points and above 18600 level. On the hourly time frame, the market consolidated whole day and has given a break out of day's high in the last hour of the session. The market, on 15 minute time frame, has traded around both the moving...

TheMamboMomentum

IGL is looking good for a break out trade as it has been forming an inverted head and shoulder pattern and consolidating near the break out levels. On the daily time frame, the stock has given a lower wick rejection after testing 20 DMA. The stock on the weekly time frame has given a bullish moving averages cross over and good targets can be booked in the stock...

TheMamboMomentum

Banknifty on the daily time frame has given a dragon fly doji and has given a close above 18300 level. The index has formed a higher high lower high pattern and is taking near a resistance zone. After a initial sell off the market has regained some points and gained 200 points. The market on 15 minute time frame, has crossed 20 ema and took resistance from the...

TheMamboMomentum

The markets are volatile and on the daily time frame nifty has formed a dragon fly doji. Nifty closed almost flat. After a initial sell off the market recovered and closed near 18700 levels. The market has been trading near the 20 ema on the hourly time frame and on 15 minute time frame, there is a cup and handle pattern. Nifty took support from 200 ema on...