TraderRahulPal

TraderRahulPal Mod Updated 

Good Morning Traders, Nifty done smart recovery in yesterday session and given closing above 19700, and formed a bullish candlestick pattern on daily chart, this pattern is indicating further upside can seen from here. Let me explain a bit about bullish Engulfing Pattern to you guys'. A bullish Engulfing is a two candlestick pattern where in a small red candle is...

TraderRahulPal Mod

Good Morning Traders. We saw a range bound market in Nifty and BankNifty since two days, Bank nifty has formed a inside Bar pattern on the daily chart. As market is oversold, we can expect a pull back towards 45000-45150 levels. Guy's Hourly chart also showing positive crossover, i think bullish moment is expected in banknifty, but global market is showing...

TraderRahulPal Mod

Good Morning Traders. Nifty has formed a dogi kind of pattern, seems indecisiveness among bulls and bears abt near term. OI is suggesting that 19600-19500 will be near term support, and 19800 can act like strong resistance zone for nIfty. Global market is showing bearishness today, GIFT Nifty also suggesting a gap down opening in market. If i talk about trend in...

TraderRahulPal Mod Updated 

Good Morning Traders, Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some...

TraderRahulPal Mod

Hello Traders & Investors, I have brought another analysis on Symmetrical triangle pattern breakout. Well this almost similar to Triangle pattern, but in this lower band trendline act upward sloping support in security. Same we have seen in Havells. Well there is higher Chances that we can see huge momentum in coming few weeks. So let's go, i will explain a bit...

TraderRahulPal Mod

Good Morning Traders. Guy's Banknifty fell 761 points in yesterday's session. It plunges almost 1.7% in just intraday and end at 44624 and formed a long bearish candlestick pattern on the daily time frame. Banknifty fell down below 45000 mark for the first time in several days. Relative strength index signalled bearishness with a bearish crossover on the daily...

TraderRahulPal Mod Updated 

Good Morning Everyone. Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold...

TraderRahulPal Mod

Good Morning everyone, Bank nifty, had opened in gap down in yesterday session, and after that it remained under pressure throughout the session, impacted by HDFC bank. Banknifty felled almost 595 points, and formed a bearish candlestick pattern with a long upper shadow and minor lower shadow on the daily charts. Banknifty breached the key support levels of...

TraderRahulPal Mod

Good Morning Traders, BankNifty stayed positive for 3rd straight day, rising half a percent of 231 points to 46232 and formed bullish candlestick pattern with minor upper shadow on the daily time frame, BANKNIFTY went closer to its record high on friday, but unable to give breakout. Guy's if i talk about weekly timeframe, still banknifty has formed long bullish...

TraderRahulPal Mod

Hello Traders, i have brought another analysis on a pattern breakout which called (Triangle Pattern Breakout and Pull back pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:- Q:- What Is the...

TraderRahulPal Mod

Good Morning Guy's. Banknifty have formed a dogi kind of candlestick pattern on the daily time frame after the rangebound trade, as the closing was near opening levels, indicating the thug of war between sellers and buyers for the future trend, but anyway index has successfully given a closing above 46000 levels, which is a positive sign in near term, Today...

TraderRahulPal Mod Updated 

Good Morning Traders, After a day of consolidation, market has gained momentum with the closing above psychological milestone (20000), first time in September. Rally was specially in banking stocks. I think this bullishness can take nifty towards 20200-20450 levels in coming days, if nifty holds 19900-19800 levels. Global market still showing mix momentum,...

TraderRahulPal Mod Updated 

Good Morning Traders, Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term. Global market also looking mixed...

TraderRahulPal Mod

Good Morning Everyone, First of all congratulation to everyone for milestone done By India (Bharat). NIfty made all time high and touched 20k levels. Now it's Banknifty turn to do some fireworks from here, Well guy's banknifty also has done well yesterday,, i mean buyers has dominated the market. The index saw a strong positive opening and closed at 45571, the...

TraderRahulPal Mod Updated 

Hello Traders, Good morning, On Friday Bank Nifty maintained its uptrend for yet another session and surpassed the crucial 45000 mark. The index rallied 278 points to 45156 and formed a bullish candlestick with long upper and minor lower shadows on the daily charts. After breaking out of the consolidation during the previous trading session it has witnessed...

TraderRahulPal Mod Updated 

Good Morning Mates. Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the MACD signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19800/19991 or even 20200+....

TraderRahulPal Mod Updated 

Good Morning Everyone, Guy's Bank Nifty bounced back sharply after two days of correction and jumped 469 points or 1 percent to 44878, by taking support, as expected, at 44200 levels. The index has formed a long bullish candlestick pattern on the daily scale and got firmly back above the downward-sloping resistance trendline, which is a positive sign. The index...

TraderRahulPal Mod

Hi Mates, Nifty maintained the upward journey for the third consecutive session despite volatility on September 5. Given the positive trend, seems that Nifty can surpass 19,600 soon and if it gets back above the same, then 19,800 is likely to be the next stop given the falling volatility, while the crucial support is expected at 19,400-19,300 levels. Well if i...