VanijyamShala

VanijyamShala

Price Action Analysis: Price witnessed a zigzag move in the past four weeks by recording a high at 23212 in the previous week and, in the present week price formed a down bar to close at 21640. In the current scenario we have a down bar after an up bar. With a down bar after an up bar price formed a significant weekly higher swing high at 23212. In simple terms...

VanijyamShala

Price Action Analysis: After six consecutive weeks of price advance, for the first time price formed a bearish SKR price bar on weekly time frame with price making a new high at 11342 and finally to close at 11073. For the past 6 weeks price witnessed a weekly higher close but, for the first time the close of current price bar is below the previous close. As a...

VanijyamShala

Price Action Analysis: BankNifty recorded an all-time high at 32614 in the month of December 2019. From the all-time high price declined in a three leg down move to and recorded a new low at 16116. From the low of 16116 price retraced in three leg up move with a swing high at 21967, swing low at 17105, a higher swing high 23212 and to finally close at 21640....

VanijyamShala

Price Action Analysis: Nifty recorded an all-time high at 12431 in the month of January 2020. From the all-time high price declined and recorded a new low at 7511. From the low of 7511 price retraced in three leg up move with a swing high at 9889, swing low at 8806 and to finally close at 11073. The question in the mind of most traders is that, will this up move...

VanijyamShala

Price Action Analysis Price recorded a new high at 23212 after the previous week down bar and finally managed to close at 22662 in the form of an up bar. An up bar after a down bar formed a significant weekly higher swing low at 21027. The current week price bar structure, an up bar is indeed a bullish bar in nature but, with a close in the middle one third of...

VanijyamShala

Price Action Analysis: Nifty advanced for the sixth consecutive week and formed an up bar on a weekly time frame. Price recorded a new high at 11240 and finally closed at 11195. The previous week price bar was a bullish outside bar. With a bullish outside bar we formed a bullish expectation. The bullish expectation was confirmed with price breaking the high of...

VanijyamShala Updated 

Price Action Analysis: Nifty continued to edge higher and closed above 200-DMA. Nifty advanced for the fifth consecutive week and formed a bullish outside bar on a weekly time frame. Price recorded a new high at 10934 and finally closed at 10902. With the formation of an outside bar, price witnessed a range expansion in the current week (370 points) compared to...

VanijyamShala

Price Action Analysis: After four consecutive weeks of bullish close, for the first time price broke the low of the previous week and a formed a weekly down bar to close at 21967. The previous week price bar pattern had resulted into a bearish pin bar.With a bearish pin bar we had formed a bearish expectation. Price breaking the low of the pin bar confirmed this...

VanijyamShala Updated 

Nifty recorded an all-time high at 12431 in the month of January 2020. From the all-time high price declined in a three leg down move to record a low of 7511. The time taken for the completion of the down move is 45 trading days. From the low of 7511 price retraced in three leg up move and currently trading around 10778. The current up move has consumed a time...

VanijyamShala Updated 

Price Action Analysis: Bank Nifty continued to edge higher for the fourth consecutive week and formed a pin bar on weekly time frame. The weekly close 22399 is slightly higher than the weekly open 22271. The size of the wicks (both upper and lower wick combined) is 7 times that of the body and, the length of the upper wick is 2.9 times that of the lower wick...

VanijyamShala Updated 

A rising wedge in an uptrend is considered a reversal pattern that occurs when price is making higher highs and higher lows. Price witnessed an uptrend with higher lows and higher highs from the swing low of 17105 to 21807. The two touch points at 21807 and 22480 form an upper resistance line. The two touch points at 19507 and 21768 form a lower support line. The...

VanijyamShala

Price Action Analysis: Analysis of momentum is not about measuring any absolute value of momentum, but in making a comparison of current price action momentum with prior price action momentum. In the month of March price declined from a high of 340 to a low of 197. Price swings saw an acceleration and shows increasing momentum and strengthening of decline. From...

VanijyamShala Updated 

Price Action Analysis: Nifty continued to edge higher and is now less than 1% away from its 200-DMA. Nifty advanced for the fourth consecutive week and formed an up bar on a weekly time frame. Price witnessed a gap up opening on Monday and recorded a new high at 10848 and finally closed at 10768. The range of the current week (171) has decreased by almost 50%...

VanijyamShala Updated 

FDC manufactures allopathic pharmaceutical preparations. The company operates in manufacturing and marketing of oral re hydration salts (ORS) and ophthalmics. The company has also set-up globally approved, multi-location manufacturing facilities for active pharmaceuticals ingredients (APIs) as well as finished dosage forms. The stock broke out of a consolidation...

VanijyamShala Updated 

Bank Nifty is trading within a range, with the resistance zone at 22479 and support zone at 20926. Price formed a simple pull back price pattern. The high of the mother swing is at 22344 and the low at 21327. From the high of 22344 price retraced by fifty percent and formed a swing low at 21769. Today price opened with a gap up opening and formed a swing high at...

VanijyamShala Updated 

Nifty retained its positive momentum for the third consecutive week with a weekly higher low and high bullish price bar. Price closed in the upper one third of the weekly range with active participation, indicating buyers in control. On Monday price formed a bullish pin bar which indicated price rejection at previous swing low at 10194. Throughout the week the low...

VanijyamShala Updated 

Bank Nifty formed an inside bar on weekly time frame and closed at 21852. On Monday price formed a bullish pin bar which indicated price rejection at previous swing low at 20926. Price formed a bearish pivot point reversal pattern at the end of the week. The weekly volatility is at 6.7. The probable weekly returns is of 1400 points from the weekly close, with a...

VanijyamShala

In the previous week Bank Nifty recorded a high at 22479 and formed a swing high with a bearish outside bar. The Key level is at 20926 and the critical level and 19507. On the break of the recent swing high price can inch towards the channel line. Price action near the support zone at 20240 will be crucial for the upcoming week. Disclaimer All investments involve...