TheMamboMomentum

TheMamboMomentum

The market gave a gap down of 3% due to the U.S. Fed outcome. Nifty opened below 20DMA and consolidated whole after an initial up move. The market closed between the hourly 20 and 200 ema and remained in a range. On 15 minute analysis, it took rejection from 20 ema and closed just below it. Support:- 17280,17220,17100 Resistance:- 17380,17480,17600 Wait for...

TheMamboMomentum

Adani port just near a resistance zone and has formed a bearish candle on the weekly time frame. The main thing to watch out for a nice breakout or break down is mainly the time a stock has consolidated in a range. It has been in the consolidation zone from March 2021. If the market gives a break out of higher time frame, then huge target can be achieved in the...

TheMamboMomentum

Nifty has formed a double top pattern on the weekly time frame. There are chances of a retracement before another up push. Nifty has formed a Dragonfly doji on a weekly time frame. The market is taking rejection from its 61.8% fibonnaci level and unable to close above it on daily time frame. An inside candle formation on the daily time frame must be watched...

TheMamboMomentum

Banknifty on weekly time frame, has formed another doji and gaining only a single point this week, The market gave momentum on both side and on the last trading session (i.e. friday) formed an inside candle. The market on the daily time frame analysis has given a nice push after retesting the 20 ema. Though, the market is unable to cross 61.8% fib level on daily...

TheMamboMomentum

Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA. The coin has given a nice movement and is retracing before another up move. The coin is trading below the moving averages. Two confirmation patterns are being formed in the coin on the daily time frame 1. Head and shoulder pattern 2....

TheMamboMomentum

Nestle India has been consolidating in a flag and pole pattern. The stock has taken support from its 20 DMA and respected the levels convincingly The stock on the hourly time frame has been trading around its 20 ema. Stock on the monthly basis has never closed above 19750. If the stock breaks out or breaks down a nice movement can be achieved. Wait for the...

TheMamboMomentum

Banknifty on the daily time frame has given a dojo candle and a huge sell off in the last hour of the trading session end the monthly expiry. In a single hourly candle, Banknifty cracked about 500 points breaking the 20 ema and closing below the level. The market has closed near 15 minutes 200 ema. It fell from 20 ema to 200 ema (15 minute time frame) giving...

TheMamboMomentum

The markets were volatile and huge selling in the last hour of the trading session marked the closing of monthly expiry. Nifty has formed a bearish engulfing candle and closed around 17500. The market has falling about 190 points in a single hourly candle, taking the market below its 20 ema and closed below the levels. On 15 minute time frame analysis, the...

TheMamboMomentum

Banknifty after a bullish engulfing candle gained a nice momentum and closed above 39000 level. Banknifty remained strong and gave a nice momentum in the last hour. There is still a bullish move in the market and can remain in green for tomorrow. The market has closed around the hourly fibonnaci level of 0.618. On 15 minute time frame, there is bullish moving...

TheMamboMomentum

Nifty has given a inside candle on daily closing. Nifty closed almost flat and the market consolidated whole day. The market gained in the last trading hour of trading session and closed above hourly 20 ema. On 15 minute chart analysis, market has respected the trading zone and remained between 20 and 200 ema. Support :- 17480-500, 17375 Resistance :- 17710,...

TheMamboMomentum

Banknifty has formed a beautiful bullish engulfing candle after testing its 20 DMA. Banknifty remained strong and in the last trading hour crossed yesterday’s high and closed above it. Market gained about 400 points and crossed hourly 20 ema. On 15 minute time frame analysis, Banknifty crossed its 200 ema and closed above it. Support:- 38766, 38510,...

TheMamboMomentum

Nifty has tested its 20 DMA and gained momentum after testing the level. Market has on the daily close basis has gained 90 point after a gap down of 130 points. There is a V-shape recovery on hourly time frame and a Head & Shoulder pattern breakout is there on 15 minute time frame analysis. The market has closed between 20 and 200 ema on 15 minute and gained 50...

TheMamboMomentum

Banknifty as predicted remained for selling and fell around 700 points.It has fell around 1500 points in just 2 trading sessions. Market has given another bearish candle and closed below the 38500 level. Banknifty after a initial fall consolidated whole and formed a bearish flag pattern in hourly time frame. On 15 minute chart analysis, the market has formed a...

TheMamboMomentum

Nifty as predicted remained for selling and fell around 250 points, taking away the gain of 5 days in just 2 days. Market has given another bearish candle. The market fell below 17500 in the last hour of the trading session and closed between 20 and 200 ema. On 15 minute chart analysis, the market has formed a bearish moving average crossover and travelled...

TheMamboMomentum

Bajaj finserv has given a breakout on the daily time frame. It is the perfect swing trade. 1. stock has given a trend line break out. 2. High volume confirmation. 3. Bullish moving averages cross over. The stock has been respecting the level since Oct 2021. The stock can give nice target upto 18400. Bajaj twin can be traded for the intraday and swing...

TheMamboMomentum

Banknifty has touched the crucial level of 39500 but couldn't sustain above it. It took a clear rejection from the level. It remain silent in the first half and gained some points in the last hour of the trading session. The market has closed on a bullish note and can remain in green. On 15 minute time frame, the market a clearly respected the 20 ema. Support...

TheMamboMomentum

Nifty has been in the uptrend and remain in green today also. It is near the crucial level of 18k. Global markets are also helping the indian markets. On the hourly time frame, nifty has consolidated in the second half and remained in the box. A flag and pole pattern is there. The market has been taking support from 20 ema on 15 minute chart frame. Intraday...

TheMamboMomentum

Yes Bank showing some positive signs for the stock investors. The stock has given a return of 20% from the mid of JULY 22 and still looks good for a swing trade. The positive signs for the swing trade. 1. Morning star pattern. 2. Trading above 20 ema and bullish MA crossover already there. 3. Volumes are high in daily candle. 4. Respected support levels. The...