Bank Nifty on the daily time frame has given a nice bullish movement. On hourly candle it has closed above the 20 and 200 ema with a bullish moving averages cross over. The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema Support :- 35400, 35200 Resistance :- 36000, 36230 Market has given a bullish closing....
Escorts on weekly time frame is forming a bearish flag and pole pattern. Its trading in a parallel channel and has closed near its 200 DMA. The stock can be a nice trade in this series. Support :- 1572, 1543 Resistance :- 1651, 1700 Wait for the price action to form near the resistance and trade the parallel channel breakout.
The stock is consolidating in a rectangular box pattern. Its trading in a narrow range of 70 point for 22 trading days. Wait for the daily candle close above or below the box. Support :- 1550, 1490 Resistance :- 1615, 1660 Watch the price movement near the last hour of trading session. Price action should be watched for a confirm swing trade.
Bitcoin trading in a descending triangle formation after fall. It has been consolidating in a range after failing to hold its 20 ema on weekly chart. Bitcoin has recently tested its weekly 200 ema has is consolidating just above it. There is a resistance and a support which has been tested many times and once broken can give nice targets. Support :- 27100,...
Bank Nifty on the daily time frame has given a nice hammer candle and has closed above its daily 20 moving averages.. On hourly candle it has closed above the 20 and 200 ema. Market remained bullish in the second half of of the day. The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema Support :- 35000,...
Nifty on the daily time frame has given a nice hammer candle. On hourly candle it has closed above the 20 ema and closed just below the resistance level of 16200. Market remained bullish in the second half of of the day. The moving averages on 15 minute time frame are close enough. Market has closed above its 20 and 200 ema Support :- 16080, 16000 Resistance...
Cipla has been consolidating in a narrow range and is near a break out of trend line. The stock is forming a inverted head and shoulder pattern on higher time frame (4 hour). The moving averages are close and stock has been taking support from its 200 ema. Support :- 963, 941 Resistance :- 988, 1008 There can be a moving averages bullish cross over. Wait for...
Bajaj finance has been trading in the in triangle formation. On a daily time frame analysis, there is a bearish moving average divergence. The stock has been taking support on its 20 ema on hourly time frame. The markets are volatile. So, wait for the price action and a break out of the triangle. Support :- 5753, 5655 Resistance :- 5900, 6000, 6120 Wait and...
Bank nifty has been facing a clear rejection from its resistance level of 34800. The market has been taking resistance from its 20 ema on daily time frame and support from its 20 ema on 4 hour time frame. The market has been taking support from its 200 ema on 15 minute time frame. Support :- 34135, 33970 Resistance :- 34376, 34780 The market has dropped from...
Nifty has been taking resistance from its 20 ema on daily time frame. Market has been constantly taking resistance from 16400 level. On 15 minute analysis, bearish moving averages divergence is there and market has closed below both the moving averages. Support :- 16000, 15900 Resistance :- 16210, 16400 The markets has in red for last 3 days. Wait for the...
Nifty has closed in red and after a initial gap down it travelled further down closing 400+ in red. It still seems to close above the near support of 15750 The market slowly and slowly travelled down to 15800. Support :- 15750, 15680 Resistance :- 15900, 15960 These support and resistance level may not make any sense in this kind of market where there in a...
The market has closed in red. After a huge gap down markets kept selling and selling. Banknifty has closed just near the support level but the market still seems jittery. There were clear sigh of selling on studying the Open Interest. On smaller time frame, it has breached both the moving averages. Support :- 33300, 33000 Resistance :- 33420, 33600 Market has...
Asian paints had traded in a narrow range whole day after a initial up move. On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green. It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end. Immediate resistance are the high the points from where it...
Nifty again tested it 16400 level of resistance and retraced heavily to its support level. There is still a moving average divergence. On hourly time frame, it has closed above its 20 ema. It has closed near its strong support level and above its 200 ema on 15 minute analysis. Support :- 16210, 16080 Resistance :- 16400, 16480 Wait for the price action near...
Bank nifty after a nice gap up closed in red losing around 100 points. It has been taking resistance from 34600 and again retraced after hitting the levels. On hourly analysis, the market seems to rest near its 50% fib level. The moving averages on a 15 minute time frame has converged and the market has closed below 20 and 200 ema. Support :- 34150,...
Nifty has rallied 400 points and has closed on a bullish note on daily chart. On 15 minute time frame analysis, nifty has closed above its 20 and 200 ema. The moving averages are close and there can be a bullish moving averages divergence. Support :- 16210, 16080 Resistance :- 16400, 16480 The market can take a rest in a narrow range. Wait for the price action...
Bank nifty after initial gap up continued the rally and closed just near the resistance. On 15 minute time frame, market has closed above the 20 ema and RSI indicator is in the over bought zone. The market has rallied and formed a bullish candle on daily chart. Support :- 34100(zone), 33765 Resistance :- 34375, 34750 Market can remain in a zone for tomorrow...
Nifty has closed in green on daily time frame and has formed an inside candle too. There is a bearish moving averages divergence and markets can remain in a narrow range. The market faced a good resistance from its 20 ema on hourly time frame. And traded around its 20 ema on 15 minute chart. Support:- 15830, 15745 Resistance :- 15895, 16080 Markets are still...