TheMamboMomentum

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...

TheMamboMomentum

Banknifty on the weekly time frame has been taking support from its 20 ema and has formed another doji. On the daily time frame, the market has closed below 20 DMA. There is a dragon fly doji but the global markets are negative and Indian indices will follow the global markets. The index has taken resistance from its hourly 200 ema and closed between both the...

TheMamboMomentum

Nifty has formed another doji on a weekly time frame. Though, market has gained 200 points on the weekly time frame, daily gap up and gap down are not giving any intraday opporunities. The market has closed just below the 20 DMA. Nifty, on the hourly time frame, is stuck between the 20 and 200 emas. In the second half on the trading session the market gave a...

TheMamboMomentum

Banknifty on the weekly time frame has closed just below the 38.2% fibonnaci level and has formed a dragon fly doji after testing its 20 ema on weekly time frame. The market, on the daily time frame, has formed a bullish engulfing candle and almost engulfed 2 previous candle on whole. Though the market is trading between both the emas, and global cues are...

TheMamboMomentum

Nifty in the weekly time frame has given a dragon fly doji candle. The market has closed just near the 20 ema and the market can retest before falling further. On the daily time frame analysis, the market has given a nice moment in the last trading session and engulfed almost 4 daily candle and closing just near week's open. Market has tested its 200 ema and...

TheMamboMomentum

Mana token that is built on Ethereum coin is a currency of Decentraland. It gained a reputation last year after the launch of the metaverse to the public domain and gave a nice return of about 600-700% in just few months. Though, after the initial hype the token lost its gains and travelled back to its inital price. The token started trading below its weekly 20...

TheMamboMomentum

Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the...

TheMamboMomentum

Banknifty on the daily time frame has given a red candle and almost closed around the previous day low. BN is around its week 20 ema. The market may take a support from its level. After the initial gap up the market fell to the previous day close and consolidated in the second half of the trading session. On the 15 minute time frame, the market is unable...

TheMamboMomentum

Nifty has given another negative candle and couldn't hold on to 17000 level. After the initial gap up the market remained negative and closed almost flat. On the hourly time frame, the market took Resisitance from its 20 ema. The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the...

TheMamboMomentum

Banknifty remained weak as compare to Nifty and closed 250 points lower. The market gave a nice down side movement after touching the round number of 39000. On the 15 minute chart analysis, the market tried to sustain above the 20 ema levels but couldn't hold the levels and took resistance from the same. The markets are heading for a monthly expiry and a...

TheMamboMomentum

Nifty as predicted has consolidated whole day and closed almost flat. The markets are holding the level of 17000. Though, on the intraday basis the market broke the level but regained it quickly. Nifty has given a fake out below the 17000 levels. On 15 minute time frame, market took resistance from its 20 ema and closed just below the level. Support :-...

TheMamboMomentum

The stock has given a nice break down of the Head and shoulder pattern. The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time. Stock has broken the neck line of the of the pattern and closed below it. The stock has closed below its 50% Fibonnaci levels. Wait for the stock to retest the price level of the neck line and...

TheMamboMomentum

Banknifty for the two consecutive days has fallen more than 2% and losing around 2000 points in just 2 trading sessions. The market remain in the red whole day. Even after the gap down of more than 500 points the banknifty closed 900 points lower. On the daily time frame, the market had tested its 2.618 Fibonnaci level. The market has also breached the level of...

TheMamboMomentum

NIfty after touching the crucial level of 18000 has retraced back to the 17000 levels today. Market remain in red whole day. After the initial gap down 170 points the markets closed 300+ points lower. Nifty on the second consecutive day has fallen more than 1.5%. On the hourly time frame, the market remained in a broader range and consolidated in it. Nifty took...