TheMamboMomentum

TheMamboMomentum

Ultra tech cement giving a break out of head and shoulder pattern on the higher time frame. The stock on the weekly time frame has given a breakout of the inverted head and shoulder pattern with good volumes. On daily time frame, the stock is halting on the higher levels. The stock as also formed an inside candle on the daily time frame. 3 point confirmation....

TheMamboMomentum

Eicher motors closed below the 20 ema kn the weekly time frame with high volumes. On daily analysis the stock has also breaker down the support level of 3355. The stock seems to be in a down trend and can trade to even lower levels. 3 point confirmation. 1. Closed below 20 ema ( weekly time frame). 2. Retest of 20 ema and going below the resistance level on...

TheMamboMomentum

Nifty in this week has created a new ATH and closed near 18700 levels. The market has givena nice bullish move and has gained 1% in this week. The market has touched higher highs and has closed above the 38.2% fib level on the daily time frame. There was a sell off in the market in the first half and recover in the second half losing 115 points on day...

TheMamboMomentum

Banknifty on week to week basis has closed only 120 points higher and is taking upper wick rejection. The market has been trading in a narrow range and trending market is expected once the market start closing above 43300 or below 42800 levels. Consolidation is there on the higher levels and both the indices have formed new ATH's. On the daily time frame, the...

TheMamboMomentum

Tata motors on the daily time frame has closed near a resistance zone and can give a good movement above the resistance zone. 20 and 200 ema are close enough and there can be a bullish moving averages cross over. A intraday and swing trades can be initiated in the bullish side once the stock starts closing above the 440 level. Target :- 453, 471 Stop loss :-...

TheMamboMomentum

Nifty finally has given a nice break out of the ATH creating new ATH above 18800 levels. A nice bullish candle is there on the daily time frame and has closed 140 points higher. On the hourly time frame, market consolidated whole day on the higher level and gave a good momentum during the closing hour of the session. Nifty, on 15 minute time frame has given a...

TheMamboMomentum

Banknifty on the daily time frame has formed a dragon fly doji and gave a nice movement during the closing hour of the session. The index has been consolidating on the higher levels and can give a good moment either side as tomorrow is a weekly expiry. On the hourly time frame, the market has formed a W-shape pattern and is respecting the 20 ema. Market has...

TheMamboMomentum

Bajaj Finserv on the daily time frame has been consolidating in a box and is near a support level. The stock has been trading between both the moving averages on the daily time frame and an inside candle. Either side move can be captured in the stock as it can give a break out or break down. Down side target :- 1571, 200 DMA Up side target :- 1695, 1725 Enter...

TheMamboMomentum

Banknifty on the daily time frame has formed a gravestone doji on the higher levels. The market can take a retest before proceeding to create new highs. On hourly time frame, the market has tested the 20 ema and closed near the level. Banknifty is unable to sustain above 43200 level. The market has formed a double top pattern on the smaller time frame. On 15...

TheMamboMomentum

Nifty on the daily time frame has formed a inverted hammer candle and after touching a high of 18678 closed only 55 point above the previous close. Market opened flat and from the first hour it started trading above yesterday's high. The market reversed during the last hour of the trading session. On 15 minute time frame, nifty has again closed below the 20 ema...

TheMamboMomentum

Asian paints after consolidating in a parallel channel has given a break out of the zone and closed above the box. The stock on the daily time frame has closed above both the moving averages. For the intraday trade, the stock has formed a flag and pole pattern on smaller time frame. On hourly time frame, the stock has given a close above 20 and 200 emas. 3...

TheMamboMomentum

Banknifty on the daily time frame has given a bullish moment after a gap down and closed almost flat gaining 36 points. On the hourly time frame, the market crossed the 20 ema after a gap down and closed near the levels. The market whole day traded around the 20 ema (15 minute time frame) and closed below the moving average. Support :- 42950, 42770,...

TheMamboMomentum

Nifty on the daily time frame has formed a bullish engulfing candle and touched its ATH. On the hourly time frame, the market tested the 20 ema and from the first hour remained in the buying side. The market after touching the ATH retraced closed only 50 points higher. Even, on 15 minute time frame, the market tested the 20 ema and closed below the...

TheMamboMomentum

Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock. The stock on the weekly time frame has tested its 20 ema and formed a hammer doji. The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg. 3 point confirmation. 1. Taking support from 20...

TheMamboMomentum

Gail on the weekly time frame has closed above both the moving averages but is near a resistance. The stock even on the daily time frame has crossed the 200 ema and closed above it. The stock has also given a break out of the consolidation box. 3 point confirmation. 1. High volume box break out. 2. Closed above 20 and 200 ema on weekly time frame. 3. Closed...

TheMamboMomentum

Banknifty on the weekly time frame has given a nice bullish candle but after testing the 43k level couldn't sustain it. On the daily time frame, the market has formed a doji candle on the higher levels. Banknifty on the hourly time frame, has formed a bearish flag pattern. The market remained for selling after a gap up and took support from the 20 ema and...

TheMamboMomentum

Nifty on the weekly time frame has formed a bullish engulfing candle and gained 200 points taking market above 18500 level. The market on the daily time frame has formed a hammer doji and is near the all time high. Nifty may also create new ATH and reached the round number of 19k in the december series. On the hourly time frame, there is a U shape recovery. The...

TheMamboMomentum

The stock has been following a trend line from August 22 and finally there is a break out of the trend line. Wipro on the daily time frame has closed at 398 level above the 20 EMA. IT sector might give a nice up move as the sector has been under performing. The stock and IT index has gained over 2% on the daily time frame. 3 points confirmation. 1. Trend...