TheMamboMomentum

TheMamboMomentum

HDFC bank has finally given a break out and moved today. It might be a good signal for the markets as this heavy weight has given a break out. Totally a positive sentiment for the markets. The stock has closed above its 20 & 200 ema on different time frame. Hdfcbank may give good opportunity for intraday and swing trades, Support :- 1456, 1415-6. Resistance :-...

TheMamboMomentum

Nifty looks bullish as it has closed above the resistance level of 17320 and its 20ema. Market respected its 20 ema on 15 minute time frame and shooted in the second half of the day. There may be a gap up tomorrow as the closing seems. Support:- 17280, 17200. Resistance :- 17450, 17575. Wait for the price action near the levels, and look for a candlestick...

TheMamboMomentum

Bank nifty has given parallel channel break out and above its 20 and 200 ema, 15 minute chart frame. On an 60 minute chart frame, it has crossed it 200ema and closed above it. It has closed just below the resistance level of 35930-50 but nifty has closed on a bullish note. Markets may open gap up. Support :- 35800, 35630 Resistance :- 36135, 362560,...

TheMamboMomentum

On daily time frame, the stock is trading just near the resistance level of 1765-75. The stock has closed just below the resistance level and 20 ema. Once the level of resistance and 20 ema breaks, the stock can give a good up move. Wait and watch for the chart pattern to form near the levels. Support and resistance levels are there in the chart itself.

TheMamboMomentum

Proper chart pattern is being followed in HDFC. Stock after the break out has retested the trend line. HDFC has closed just near the support level and slightly below the 20ema. If the stock form any bullish chart pattern, targets are there in the chart itself. This trade can become a swing trade for the traders.

TheMamboMomentum

Axis bank has given a descending triangle pattern breakout. Though the stock has closed just below the resistance level of 726. The breakout has been confirmed with the volumes. RSI is also showing a bullish divergence on 15 minutes time frame. Levels are mentioned on the chart itself. Wait for the price action confirmation near the levels for entering the trade.

TheMamboMomentum

The stock on 4-hour time frame has closed just below the crucial resistance of 745-50. If the stock closes above the 745 and sustains on a hourly time frame, entry can be made. 20 and 200 moving averages are converging. Finally, 20 ema has crossed over the 200ema. Wait for the price action near the resistance level. Support and resistance levels are marked...

TheMamboMomentum

Banknifty on a 15 minute time frame, had given a break out above the parallel channel in the last 15 minutes of closing. Market has closed above the parallel channel consolidation, the 20ema and below the resistance level of 35420-50. On chart analysis banknifty is somewhat strong. It can be bullish above the level of 35635 and the 200 ema. RSI indicator shows...

TheMamboMomentum

Bitcoin has been respecting the resistance level of 44500 and is just below the 200ema. On daily chart frame,the chart pattern formed near the resistance level will help is confirmation of the movement of the price above or below the resistance levels The bitcoin is forming a ascending triangle chart pattern on a bigger time frame. Support levels :- 41980,...

TheMamboMomentum

Kotak bank has closed just above the support level of 1700-15 On a daily time frame, a doji candle is formed. Wait for the price action to form a pattern near the levels Support:- 1700, 1550 Resistance:- 1825, 1960 Kotak bank can become a swing trade if the trend is final.

TheMamboMomentum

Nifty on multiple small time frame has been taking resistance from its 20ema. On an hourly time frame, nifty has closed just below the 20ema and is near its crucial support of 17190. Nifty is bit stronger than bank nifty. Market may consolidate before moving either side. Trade opportunity will be in the second half. #tradingworld

TheMamboMomentum

Bank nifty after a good gap up has been in bear trend. For last 2 trading days, bank nifty fell about 1100-1200 points. Market may consolidate of fall further as the trend has been bearish. We may trade in the second half of the day after a consolidation.

TheMamboMomentum

On 1 hour time frame nifty is taking support at its 20ema. The market may consolidate near the 20 Ema or fall further. Support:- 17100, 17000-17030 Resistance:- 17321, 17500 Wait for the price action near the trend line.

TheMamboMomentum

Cipla after breakout is consolidating in a narrow range. The stock looks bullish to me but can break down due to the volatility in the market. Support :- 1036, 1008 Resistance :- 1080. The stock can form a double top pattern or might touch new ATH.

TheMamboMomentum

Bank nifty was trending today. And predicted 36630 was a good resistance levels. Support :- 35900-20, 35750 Resistance:- 36237

TheMamboMomentum

Daawat has taken from its monthly support levels of 62-64. The stock is in good accumulation zone near the levels of 65. On daily time frame the stock has closed above the resistance level of 74.3 It can give move up to 80 in the next week.

TheMamboMomentum

Titan has closed above the resistance level and formed a new ATH. The stock has broken the resistance level with volume confirmation and on fib levels can travel up to 2835. On an hourly time frame the stock has formed a flag and pole formation. Wait for the levels to be respected or broken and watch for the chart pattern to form near the predefined...

TheMamboMomentum

Market has consolidated on the last trading day in a very narrow range. Bank nifty opened nearly 600 point above the previous closing and consolidated forming a triple top in a hourly time frame. Support level of day was formed near 36470 and during the closing hour it slipped down and closed below the support level. Support :- 36375, 36267 Resistance :- 36650,...