COLPAL on a daily time frame is consolidating in a narrow range for last 7 days. The stock is trading below its 200 DMA and a bearish flag pattern is being formed. Though, the stock held on to its hourly 200 ema and consolidated in 6-7 point range while day. Support:- 1500, 1480-85 Resistance:- 1520, 1535 The stock can give a nice move either side. Wait for...
Banknifty on day to day closing is only 90 points down and has formed a hanging man candle. Both the indices consolidated in a range and gave a flat closing. Market on 15 minute time frame closed near its 20 ema. Still not sustaining above the levels Support:- 33210, 33000 Resistance:- 33580, 34000 Markets can remain bearish and volatile for tomorrow. Wait...
Nifty has formed a hanging man candle and is just 40 points down. The nifty crossed previous day high and retested the support of 15690. Though market has tested its 15 minute 20 ema but couldn’t sustain above it at day closing and closed below it. The market may remain bearish or consolidate in a narrow range. Support:- 15690, 15625 Resistance:- 15850,...
Nifty was in a bearish mode and the initial gap down of 300 point made it clear. The market on day to day close is down by 400+ point. It has taken support from its 15720 support. The market has gained some points in the last trading hour. Though market has closed near its 15 minute 20 ema. The market may remain bearish or consolidate in a narrow...
Banknifty on day to day closing, closed 1000+ points down and is trading below its 200 DMA. The market in the last hour recovered some points but still trading in a range. Market on 15 minute time frame closed near its 20 ema. Still no clear indication of a up move in near future. Support:- 33210, 33000 Resistance:- 33580, 33750, 34000 Markets can remain...
Hero Motocorp on a weekly time frame is taking support from its 20 ema. The stock had closed between the two moving averages. For last 3 trading session the stock is trading in a narrow range and the moving averages on daily time frame has coincided. The levels for the stocks are marked on the chart itself. On smaller time frame, the price range is narrowing...
Bank Nifty has formed a nice bearish candle on a weekly time frame after testing its 0.5 fib level and 20 ema. The market has closed below its important level of 34500 and looks bearish on multiple time frame. A bearish moving average cross over and closing below its important moving averages the market is set to go further down. Even the global markets are...
Nifty on weekly time frame has respected its 0.382 fib levels and retraced. On daily time frame, it has closed below its moving averages and properly took resistance from its 200 ema. There is a moving averages bearish crossover on hourly time frame and even the daily time frame evening star pattern shows some bearishness. Support :- 16000, 15920 Resistance :-...
Nifty has given a bearish engulfing candle and the trend seems to be bearish. There is a moving averages cross over in hourly time frame and the market sold off in the second half. The market may remain bearish tomorrow. Support:- 16320, 16230 Resistance:- 16400, 16400 Wait for the price action near the levels before trading the markets.
Banknifty has formed a bearish engulfing candle on a daily time frame and broke down the crucial level of 35000. There is a bearish moving averages cross over on hourly time frame. The market in the last hour consolidated and the market can remain bearish for next trading session. Support:- 34800, 34550 Resistance:- 35000, 35200 Wait for the price action near...
Bank nifty after a gap down travelled even below and retraced back to the level of 35000 in the second half. Market has closed below its 20 DMA and on and hourly time frame the moving averages are close. Market seems to be in a bear trend on a smaller time frame. Support:- 35850, 35780 Resistance:- 35000, 35200 Market can remain in red for tomorrow as there...
Nifty after a gap down travelled even below to the level on 16350, filling the gap and retracing back to the support of 16400. Market has closed below its 20 DMA and on and hourly time frame there is bearish moving averages cross over. Price is just traveling around the moving averages. Support:- 16400, 16300 Resistance:- 16480, 16640 Market can remain in red...
Bank Nifty has taken a support from its 200DMA and has closed above its resistance of 35300. On an hourly time frame the market has closed between the 20 and 200 ema and a clear trend is still not decided. The moving averages are close enough on 15 minute time frame and last candle has closed below both the moving averages. Support :- 35300, 35200,...
Nifty has clearly taken support from its 20 DMA and is trading between its moving averages. On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session. Support :- 16500, 16480, 16400 Resistance :- 16640, 16700 Market looks choppy and a clear trend is still not defined. Wait for the price action near the levels...
Asian paints has been consolidating in a parallel channel. The stock has formed a bearish flag and pole pattern on daily time frame. The volumes are getting low. Support:- 2830, 2743 Resistance :- 2920, 2970 The stock if breaks down can give a nice targets. The stock will be good for a bearish trade and watch for the price action near the levels before...
Bank Nifty on the daily and weekly time frame has taken a resistance from 200 and 20 ema respectively. On hourly analysis, market has taken support from its 200 ema and has closed between the two moving averages. The market has closed below it moving averages on 15 minute time frame and has filled the gap. Support :- 35200, 35000 Resistance :- 35300,...
Nifty has given a spinning top candle on a weekly close and is trading below its 20 ema. On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session. It lost around 135 point in a single hourly candle and closed near the day's low. Nifty still not closing above its 200 DMA and has fallen after taking a resistance...
Nifty on the daily time frame has given a nice bullish movement and has closed near to 20 DMA. On hourly candle, it has closed above the 20 ema but it still in between the two EMAs. Market has closed above its 20 and 200 ema. Nifty is weaker than banknifty, wait for it go give a move it can trade upto next targets. Support :- 16210, 16080 Resistance :- 16400,...