TheMamboMomentum

TheMamboMomentum

Banknifty on the daily chart has formed a doji. The markets have stretched and a retest is pending. Market on the hourly time frame has respected the level of 39600. On the 15 minute time frame analysis, bank nifty has formed a LL-LH formation and on the intraday level could cross the previous high The market can be volatile. Support :- 39050, 39000,...

TheMamboMomentum

Nifty has been creating gaps and is running higher and higher. The markets are opening gap up and consolidating. There is no intraday trades in the market for a while. Option selling seems to suit in this kind of a market as option buying can cause a serious damage to the funds. The market has given a close above 17800 and on the hourly analysis, market tried...

TheMamboMomentum

Banknifty has give a strong closing above 39000 level on the weekly time frame with a nice marobuzo candle. The market on the daiy time frame has given a bullish moving average cross over. Banknifty is stonger as compare to nifty and has closed above the last swing high. It can remain in the uptrend from close to close basis. Market is taking a nice support...

TheMamboMomentum

Nifty on the weekly time frame has been following a resistance zone, this is the fourth time the zone is being tested. The market on the daily time frame is consolidating and a trending market is pending, if the market crosses the resistance zone it can touch the new highs. Wait for the daily candle to close above the levels. On the 15 minute time frame, the...

TheMamboMomentum

Binance coin has been forming green candles on weekly time and has formed a perfect doji above its 20 ema. On the daily chart analysis, the coin is consolidating near the resistance zone and 200DMA. The coin is trading between its 20 and 200 ema on daily time frame. A clear rejection is there near the resistance zone. Coin is trading and taking support from its...

TheMamboMomentum

Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA. On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema. The coin price is around its hourly 20 ema and its taking a support from it. The coin is forming a rising wedge pattern on daily time...

TheMamboMomentum

Banknifty on the daily candle has given a nice moment and closed just around its resistance zone. In the last hour of the trading session the market consolidated and respected the resistance zone. The market on the 15 minute time frame has clearly respected the 20 ema and closed between the zone and moving averages. Support :- 37965, 37645 Resistance :- 38250,...

TheMamboMomentum

Nifty has been trading in green and has formed a nice bullish candle on the daily close basis. The market on the hourly time frame has respected the 20 ema and continued the rally crossing 17500. The 15 minute time frame analysis the chart has respected the 20 ema and remained above the moving averages. support :- 17470, 17400 Resistance :-17630, 17790 Wait...

TheMamboMomentum

Maruti on the weekly time frame has formed a gravestone doji and respected the trendline that it has been following from April 2019. The stock is trading in the parallel channel and there is a resistance area formed by the previous high. In the last 2 months, the stock has gained around 15% and the double trend line rejection can be a signal of shorting...

TheMamboMomentum

Bank nifty has given a lower wick rejection while engulfing last 4 candles. Market closed in red but in the intraday there was a nice move of around 1000 points. Bank Nifty fell in the first half and consolidated in the second half of the trading session. On the hourly time frame, market has closed just below its 20 ema while on the 15 minute chart analysis it...

TheMamboMomentum

Nifty on the daily close has given a nice lower wick rejection and remained strong in the last trading hour. It tested its hourly 20 ema and regained 100 points in the last hour candle. On 15 minute chart analysis nifty formed a nice higher high formation in the second half of the session. Support:- 17300, 17220 Resistance:- 17400-430, 17500, 17630 Market was...

TheMamboMomentum

Banknifty has formed an inside candle and was weaker than nifty. Thou, it tried to cross 38k level but couldn't sustain above it. It took a nice support from its hourly 20 ema and recovered during the last hour of the day. Support :- 37645, 37965 Resistance :- 38170, 38500 Market have closed on a bullish note and can remain in green for tomorrow. Wait for...

TheMamboMomentum

Nifty on daily closing has given a dragon fly doji and respected the level of 17400. The market retested and recovered in the last trading hour of the day. There is a bullish moving averages cross over on daily charts. On hourly chart analysis market respected its 20 ema and has given a nice up move. The market On 15 minute chart, the market traded around its...

TheMamboMomentum

Banknifty after a initial gap down gained momentum and crossed the crucial level of 38k and closed above it. Banknifty was strong as compare to nifty and gained around 120 points. Though market consolidated whole day. So, the market can be trending in the coming days. On 15 minute chart analysis, the market traded around its 20 ema. Support :- 37400, 37645,...

TheMamboMomentum

Nifty has given a doji on daily chart. The market consolidated whole and tried to gain some points but closed almost flat. The market has stretched and gained around 1000 points in 5 trading sessions. There is a bullish moving average cross over on daily time frame. The market on 15 minute time frame traded whole day around its 20 ema and closed below...

TheMamboMomentum

Banknifty has formed a nice bullish candle and remained in green whole day after initial profit booking. On hourly analysis the market consolidated in the last hour of trading session and a bullish moving averages crossing over is there. Banknifty touched 37900 and can consolidate tomorrow Markets are still bullish and can retest before giving another move....

TheMamboMomentum

Nifty has given a good move and The moving averages are close enough. The market remained in a bullish mood and closed above 17300 gaining around 1% The market has stretched and can retest before giving another momentum. Support:- 17400-30, 17500(round figure) Resistance:- 17280, 17100 Wait for the price action near the levels before trading the markets.

TheMamboMomentum

Banknifty on monthly and weekly chart has given a strong closing and has closed just below 37500 levels. The markets are looking bullish even on higher time frames. Banknifty has filled the gap and a closed only 100 up. The market has traded around its 20 ema on 15 minute time frame. Support :- 37400, 37160, 36900 Resistance :- 37530, 37965 The markets are...