TheMamboMomentum

TheMamboMomentum

LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame. The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range. In the last trading session, the stock has given a 2% up move with nice volumes. The stock has formed a nice price action pattern. 3 points confirmation. 1. Break out of the...

TheMamboMomentum

Shree Cement has been consolidating in a narrow range for around 4 weeks. The stock has formed a bull trap on the daily time frame, giving a break out and getting back to the consolidation zone. It has been facing a rejection from 20 DMA and a bear flag is there. Moving averages on the hourly time frame are close and the stock can give either side break...

TheMamboMomentum

Hindustan Unilever has lost 5% in only 2 trading session, taking stock around 2500 figure. The stock on the daily time frame has broken the 20 DMA and closed just near the support level of 2500. The support has been tested 4 times and if the support line is broken the stock can plummet to 2450 levels. Even on the weekly chart analysis, the stock is trading...

TheMamboMomentum

Banknifty on the daily time frame has given a nice bearish engulfing candle, filling the gap created during muhurat trading. Market has given a nice up move during the last week and is taking a pause for another move. Index has seen a sell off from the initial hour and tried to regain some points. During the last trading hour the market fell around 300...

TheMamboMomentum

Nifty on the daily time frame has formed a bearish engulfing candle and the gap created on muhurat trading was filled perfectly. The market opened gap up and there was a sell off from the first hour of the trading session. On the hourly time frame, market has closed just above the 20 ema and lost around 50 points during the last hour trading hour. Nifty has...

TheMamboMomentum

Nifty on the daily time frame has given a nice bullish candle and during the last trading hour market sustained above 17500 level. After a gap down market, market gave a up move and remain consolidated for 4 hours in a 40-50 points range. On 60 minute time frame, the market sustained above the 20 ema in the initial hour and the break out during the last hour,...

TheMamboMomentum

Banknifty on the daily time frame has formed a dragon fly doji. Market consolidated whole day and gave a break out in the last hour of the trading session. There was sell off even after a gap down and traded whole day below the 20 ema on the hourly time frame. Though, in the last trading session market closed above the level. On 15 minute time frame, the traded...

TheMamboMomentum

Bajaj Finserv has been trading in a range and forming rising wedge pattern on the daily time frame. The stock has been taking support from 20 DMA and has closed just near the level. A morning star pattern is there on the daily time frame. Stock has closed between both the moving averages on the hourly time frame. An entry can be made in the down side, as...

TheMamboMomentum

Banknifty on the daily time frame has formed another doji. Market after a gap up has closed almost flat and took support near previous day low. In the initial hour of session, there was a sell off and it consolidated in the second half of the trading session. The market remained volatile and took resistance from 40500 levels. On 15 minute time frame, the market...

TheMamboMomentum

Nifty on the daily time frame has closed almost flat, giving another doji on the daily time frame. The market has consolidated in the first half and sell off was there. During the final hour of the session the market again consolidated. Nifty has taken a support from 17500 levels and filled the gap created by the gap up. On 15 minute time frame, the market has...

TheMamboMomentum

Banknifty on the daily time frame has formed a doji. The market remained in a range and consolidated in a range after the gap up. On the hourly time frame, the market has been forming a bullish moving averages cross over and took resistance from the trend line. In the last hour of the trading session, the market took support from 20 ema (15 minute time frame)...

TheMamboMomentum

Nifty after a gap up it has consolidated, taking resistance from 17500 levels. The market closed above the 20 ema yesterday and the gap up took nifty to 17500 level. The market has consolidated whole day and there is a bullish moving averages cross over on the hourly time frame. On a 15 minute time frame, the market has formed a flag and pole pattern and there...

TheMamboMomentum

Banknifty on the daily time frame has given a nice bullish engulfing candle. It has gained around 600 points after a flat opening and remain in up trend the whole day. Market has taken a nice support from the 20 ema. There is a bullish moving averages cross over in the hourly time frame and banknifty has closed above the 39900 level. For the last 3 weeks the...

TheMamboMomentum

Nifty opened almost flat and sustained above the 20 DMA. Nifty has again taken resistance from the 17320 level and unable to close above it. The market in the initial hour stayed above the 20 ema and in the closing hour market crossed and closed above the 200 ema on the hourly time frame. Market in the second half has consolidated and took a serious resistance...

TheMamboMomentum

Banknifty on the weekly time frame has formed an inside candle. It has been taking support from the 20 ema. The market has gained only 127 points on week to week closing. Index has been taking resistance from 39600 level. Banknifty in the last trading session, the index consolidated and remained in a range. On the hourly time frame, the moving averages are...

TheMamboMomentum

Nifty on the weekly time frame has been taking support from its 20 ema and formed an inside candle. The market has remained in a range and for three weeks index has formed dojis on the weekly time frame. On the weekly closing the market has just gained 62 points. In the last trading session, nifty opened over 300 points above the previous close and consolidated...

TheMamboMomentum

Nifty on the daily time frame has given a nice bullish candle after initial gap down. The market remained in a bullish moment in the initial hour of the session and consolidated in the second half of the session. On the 15 minute time frame, the moving averages are close enough and both the moving averages are around 17212. The market is still in the confusion...

TheMamboMomentum

Banknifty on the daily time frame has closed almost flat losing around 80 points. After a gap down of more than 400 points, banknifty regained and filled the gap. Though, in the second half the market remained in a consolidation zone. On the hourly time frame, market has closed between both the moving averages. Banknifty has taken resistance from its 200...