TheMamboMomentum

TheMamboMomentum

Banknifty on the weekly time frame has given a nice up move and gained 2.5%. There is a nice doji candle on the daily time frame. The market in the second half consolidated and has closed 200 points higher. On 15 minute time frame, has closed below the 20 ema. Support :- 40250, 40050 Resistance :- 40570, 40850 Banknifty has closed above 40k on the weekly...

TheMamboMomentum

Nifty on the weekly time frame has given a nice moment and is taking a resistance near 18000 level. After a gap up opening it settle almost flat on the daily time frame. On hourly time frame, the market has given a downside movement and closed near the 800 levels. The market in the second half traded near the 20 ema on 15 minute and closed just below the...

TheMamboMomentum

Banknifty remained weaker and closed 200 points lower on daily time frame. On the hourly time frame, the market has respected the 20 ema level and took resistance from it. The market traded between 20 and 200 ema on 15 minute time frame and closed in between the levels. Banknifty is volatile and gap up and gap down are making it difficult for the intraday...

TheMamboMomentum

Nifty has taken support from its 20DMA after a gap down and has closed almost flat. On the hourly time frame, it took resistance from its 20 ema and closed just below it. Nifty has consolidated in the second half of the session. The moving averages are close enough and market has closed just above the levels. Support:- 17600, 17530, 17480 Resistance:- 17640,...

TheMamboMomentum

Banknifty on the daily time frame has closed 140 points and took a resistance from its 40050 resistance level. On the hourly time frame, it has taken a beautiful support from its 20 ema and closed just near the level. The market remained volatile and couldn't sustain above the 40000 levels. On the 15 minute analysis, banknifty has closed between the moving...

TheMamboMomentum

Nifty on the daily time frame has formed a doji candle. Its taken resistance from its 17710 level and closed on almost flat. The market has consolidated and took support from its 20 ema on the hourly time frame. In the last trading hour the market fell and closed on the bearish note. On the 15 minute analysis, the market has closed between 20 and 200 ema. It...

TheMamboMomentum

Bajaj finance has been forming an inside candle and is consolidating in a descending triangle patter. The stocks has been trading around its 20 ema on the hourly time frame. The volume are falling and the triangle break out with high volume can initiate a swing as well as intraday trade. On 15 minute time frame analysis, the moving averages are close together...

TheMamboMomentum

A nice flag and pole pattern formation in banknifty. Banknifty has given a nice movement and has crossed the level of 39650 that was a resistance for a long time. On the hourly time frame, banknifty has formed a flag and pole pattern and there is a possibility of a nice trending market in the coming week. The box consolidation on the 15 minute time frame is a...

TheMamboMomentum

Nifty remained in green whole and consolidated in the second half of the trading session In the initial hour the market gave a nice movement but couldn't cross the level of 17670. On the 15 minute time frame, a bullish moving average crossover was there and market respected the 20 ema. Support :- 17620, 17480, 17380 Resistance :- 17675, 17710, 17830 Wait for...

TheMamboMomentum

SBIN has been trading in a zone and on the weekly time frame has closed near the resistance zone. The stock has been trading above the weekly 20 ema and has given an bullish engulfing candle. On the daily time frame, the stock has formed an inside candle. If the stock breaks above the consolidation zone, nice targets can be achieved. Higher time frame break...

TheMamboMomentum

Banknifty on the weekly time frame has formed a bullish engulfing candle and took rejection from the recent high forming a double top pattern, It remained strong as compare to the other index(nifty) and gained 1% this week. On the daily time frame, market has formed a perfect doji and an inside candle. The market respected the first hour high and low and...

TheMamboMomentum

Nifty on the weekly time frame has recovered all the lose and closed only 20 points down on weekly time frame. The market is trading above its weekly 20 ema and has given a nice target after forming a double top formation. On the daily time frame, the markets has formed inside candle and are sustaining above the 20 DMA. Nifty remained in a range whole day and...

TheMamboMomentum

Bajaj Auto recent created its 52-week high and has formed a doji on the weekly time frame. The stock for previous 6-7 weeks couldn't close above 4092. It has gained around 10% in last two months and seems to retrace before giving a break out the resistance level. The stock is for the bearish movement and can be carried for a nice target. Setup for the trade:-...

TheMamboMomentum

Banknifty after a gap down tried to cross the previous day high but couldn’t sustain the levels and closed above 20 ema. After the initial hour up move the market slowly retested its hourly 20 ema. On the hourly candle an inside candle is formed. On 15 minute analysis, it closed just around the 20 ema and trading above the 200 ema. Support:- 39140, 38900,...

TheMamboMomentum

Markets are in a serious gap ups and downs. Nifty opened gap down and formed an inside candle on daily time frame. Though, market closed above the 20 DMA but still due to the global cues it’s not clear where the markets will head. In the opening hour markets tried to give an upside movement and faced a rejection from 17700 levels. Market closed between 20 and...

TheMamboMomentum

Banknifty has given a nice bullish movement and gained 1260 points. The markets soaked in the gap down of monday and gain 550 point on the weekly time frame. This kind of momentum was not expected. There is a bullish moving average cross over oh 15 minute time frame and closed above the levels. Support :- 39380, 39140 Resistance :- 39650, 40000 The markets...

TheMamboMomentum

Nifty has formed a nice bullish candle on the daily close, soaking away the gap down of monday. A gain of 440 points in a single day was unpredicted. Nifty remained in a bullish momentum whole day and crossed 20 DMA and closed above it. On 15 minute chart analysis, the market has given a bullish moving average cross over and closed above the level of...

TheMamboMomentum

Banknifty gave a nice upmove after the gap down of more than 800 points. It closed below the 20 DMA and got a nice rejection from the level. The market consolidated whole day and remained between 20 and 200 ema. On 15 minute time frame analysis, Banknifty got a nice rejection from its 20 ema and closed around it. Support:- 38230,38120,38000,37840 Resistance:-...