NSE:BANKNIFTY Trade Setup for 20-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
NSE:NIFTY Trade Setup for 20-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
NSE:AXISBANK Observations: 1) On 1 day time frame, yesterday it gave closing below 200 DMA and also below neck line of double bottom pattern. Today it gave closing slightly at the neckline range of double bottom pattern. But it has faced resistance from 200DMA. Please refer below chart : 1day Time Frame. ------------------------------------- Trade...
NSE:NIFTY Observations: 1) On 1hr if we plot channel then we can see that it came inside this channel. Breakdown of this channel will bring more down move. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for 19-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see that, today it gave breakout of this resistance channel and gave good up move and in last 1hr selling it again came down in this channel range. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 19-01-2022 1) Don't Jump in to trade at the...
NSE:ADANIPORTS Observations: 1) On 1 day time, we can see it is at interesting range. Breakdown of this range will give down move and if it gets support from this range then we can see up move. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the...
NSE:RELIANCE Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
NSE:PEL Observations: 1) On 1 day time, we can see it made trianlge pattern. And also made bullish candle from 100DMA. 100DMA will be immediate support now. 100DMA is placed at 2638.56 level. Immediate breaout levele is at 2675 level now. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 18-01-2022...
NSE:GODREJCP Observations: 1) On 1 day time, we can see now it closed just at 200DMA. 200DMA is placed at 924.91 level. From here we can expect a good move on either side. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see that is has been trading in range of 915-930. For positonal trade if 1 hr time frame is giving...
NSE:BANKNIFTY Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
NSE:NIFTY It was much more sideways today. Most of levels and trade setup will be same as per previous one. Trade Setup for 18-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will...
NSE:ABFRL Observations: 1) On 1 day time, we can see now it is near major range of 305-310. Breakout of this range will lead it to good up move. If it faces resistance from it then we will see down fall. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 17-01-2022 1) Don't Jump in to trade at the...
NSE:NTPC Observations: 1) On 1 week time frame, we can see that it is near the breakout range again. This time, if it gives breakout of it then we can see a big up move again. 136 is immediate resistance. Major breakout range is at 140 level. Please refer below chart : 1 week Time Frame. 2) On 1 hr time frame, it made rounding bottom pattern. If it...
NSE:AXISBANK Observations: 1) On 1day time frame, we can see that after giving breakout of double bottom pattern neckline, it came back and closed above neckline. From here it has chance to bounce back if the re-test of this breakout gets successful. And if this neckline is broken then we can see fall as it is already trading below 200DMA. Please refer...
NSE:BPCL Observations: 1) On 1 day time frame, we can see that after giving closing above 50DMA on Thursday , it made bullish candle above 50DMA on Friday. And now it is near the breakout range of 400 level. Breakout 400 will lead it to easy 405 level. And breakout of 405 level will make it bullish. Major breakout level is 410 level. One who want to be in...
NSE:BANKNIFTY Most of levels and trade setup remains same as per previous. Trade Setup for 17-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry...
NSE:NIFTY Observations: 1) On 1hr time frame, we can see that it is in range since last 3 days. But it is giving closing with green candle on daily time frame. This range is from 18155-18270. Breakout on either side will give directional move. Please refer below chart : 1hr Time Frame. 2) On 15min time frame, it is still trading in support channel....
NSE:BANKNIFTY Trade Setup for 14-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...