TheMamboMomentum

TheMamboMomentum

Nifty has been taking resistance from its 20 ema on hourly and 15 minutes time frame. There isa bearish moving averages crossover on 4 hour time frame. The markets are for scalpers now, intraday and swing trades can give losses in option buying. Support :- 17000, 16940, 16850 Resistance :- 17090, 17150, 17200-10 Just wait and watch the market before entering...

TheMamboMomentum

Bank nifty on a smaller time frame, looks bullish as it has closed above 20 ema on a 15 minute chart. On daily analysis, it has closed below its 200 ema and a bearish crossover of moving averages is there. Banknifty has closed below the resistance levels of 36200. Support :- 35950, 35600 Resistance :- 36200, 36380 Today nifty and bank nifty were in different...

TheMamboMomentum

Nifty consolidated whole day and was dropping little by little. A moving average crossover is there on a 60 minute time frame. The globe markets closed in red on friday and a gap down was expected. Market has been taking resistance from its 20 ema on smaller time frame and has closed just near the resistance levels. Support :- 16900, 16830 Resistance :- 17000,...

TheMamboMomentum

Indusind bank has been consolidating in a narrow range and the two moving averages are converging near the closing price, On weekly time frame, the stock is taking support from the 20 ema and a doji is formed. support :- 960,945, 900 Resistance :- 995, 1046, 1100 Here, moving averages crossover, price action and volume analysis can be used to confirm the...

TheMamboMomentum

Britannia on a weekly and daily time frame has closed between 20 and 200 ema. A bullish hammer is formed on a weekly time frame and has closed above the resistance levels of 3355. The market has consolidated near the levels. Support :- 3350, 3280, 3180 Resistance :- 3400, 3445 If an hourly candle closes above the levels of 3370, a bullish trade can be...

TheMamboMomentum

Adani Ports has closed above its weekly resistance zone. The stock has rallied form 807 to 870. On daily time frame, a good bullish candle is formed and on volume analysis high volumes are there. Support :- 858-865 Resistance :- 900 Don't just jump into buying. Wait for the retest or break out of 900 level. If the stock crosses the levels of 900, further...

TheMamboMomentum

A nice bet in crypto can be the Ripple coin. As it has not formed a new LOWER LOW. The coin on seems to hold the support level of 0.585 on weekly basis. The coin has been in a bearish trend and signs of trend reversal are there. Ripple had made an equal and if it break the previous high convincingly a bullish momentum is possible. On weekly analysis, coin is...

TheMamboMomentum

Ethereum is trading at a crucial support zone and there can be a reversal. Though, on a 60 minute time frame, the moving averages crossover is showing some bearish trend. On a 15 minute time frame, the coin taking support for the zone and strong bullish candle are being formed. Support :- 2945,2850 Resistance :- 3020, 3100 Watch for the candle to close above...

TheMamboMomentum

Eicher motors has taken resistance from a trend line. On a 4 hour time frame, the 20 and 200 ema has converged and a bullish candle a weekly time frame shows some bullish trend. Support:- 2570, 2455 Resistance:- 2720, 2760 Wait for the trend line break out and 4 hour moving averages cross over. Swing and intraday trades can be initiated on this setup. Wait...

TheMamboMomentum

Indiamart view for next week or month. As the stock is near a reversal phase. Indiamart has been taking support from its 20 ema on a daily time frame and has spent 3-4 days trading near its moving average. On volume analysis, it seems to be in an accumulation zone as the volume are low. The stock on technical analysis is quite bearish as its has been trading...

TheMamboMomentum

Banknifty looks weaker than nifty and has been trading near its 20 ema on weekly time frame and has formed a bearish candlestick. On daily time frame, it has closed below its 20 and 200 ema, which looks bearish. The EMA's are trading close to each other on daily, 60 minutes and 15 minutes time frame. Support :- 35940, 35600, 35355 Resistance :-...

TheMamboMomentum

Nifty has been trading between 20 and 200 ema on a daily time frame. Market was down on the last trading day and has closed below the crucial 20 and 200 ema on 15 and 60 minute time frame It has been respecting a trend line and has given a break out and retested it, on daily time frame and has formed a doji on weekly time frame. Support :- 17160, 17100,...

TheMamboMomentum

Maruti preparing for a blast as its 20 and 200 ema is narrowing. On 60 minute time frame, the stock looks bullish as it has closed above its 200 ema. Support :- 7400, 7250,7030 Resistance :- 7715, 7880-7900 Wait for the price action for confirmation and let the price sustain above/below the levels.

TheMamboMomentum

Hindalco is trading near its 20 ema on an hourly time frame. It has been respecting its resistance level too. If the stock trade below the 539 level, it can fall further. If the stock gains bullish movementum and closes above 551 levels, it can move upto the level of 563 Support :- 539, 528, 516 Resistance :- 551, 563 Wait for the confirmation with volume...

TheMamboMomentum

Eicher has perfectly respected it 200 ema and a resistance level of 2570, The stock is trading between its 20 and 200 ema on a daily time frame. The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up. Support :- 2450, 2350 Resistance :- 2570, 2650 If the stock will break the level...

TheMamboMomentum

BankNifty is trading near its 20 ema on 15 minute time frame. It looks bearish on daily time frame, as there is moving average bearish cross over. The market gapped up but tested the support of 35950. Support :- 36200, 36000-35945 Resistance:- 36380, 36500 Wait for the price action near the levels before trading.

TheMamboMomentum

Nifty has closed above its 20 ema on 15 minute time frame. The market gapped up but tested the round number of 17000. Support :- 17070, 17000 Resistance:- 17165, 17240 Wait for the price action near the levels before trading.

TheMamboMomentum

The stock has been trading in a triangle pattern and has respected the levels. If the stock breaks the triangle, a good move is expected in the stock The stock looks quite bearish as it has been trading below its 20 ema on a daily time frame. Support :- 64850, 62900 Resistance :- 69900, 72600 Wait for the levels, if the triangle breaks out the stock can give a...