Wealthcam

Wealthcam

As we can see NIFTY had been sideways throughout the day despite opening strong and went back inside the pattern and remained sideways. Now we can expect NIFTY to finally break off from this pattern for a big move positionally which could be till a new high for NIFTY so plan your trades accordingly everyone

Wealthcam

As we can see NIFTY showed a strong reversal from the trendline as we analysed in the last post and showed over 100++ points of recovery but failed to continue its up move as it got rejected from the above trendline, Hence we can expect NIFTY to show a strong movement from here as if it breaks and sustains itself then we can see NIFTY making new high else nifty...

Wealthcam

As we can see NIFTY had been falling unidirectionally and had been in downtrend since last few month now. Now NIFTY can be see trading at an important support or demand zone being a gap which is further backed up by positive RSI divergence hence if NIFTY opens weak to flat within the given range then we can expect a strong recovery in NIFTY in first half which if...

Wealthcam

As we can see NIFTY despite showing strong up move after a strong opening, it failed to retain its strength and fell unidirectionally in the second half leading to getting back in range we made hence we might see more of negativity coming up in NIFTY as despite great achievement and strong technicals it failed the structure showing upcoming selling that might...

Wealthcam

As we can see NIFTY remained sideways throughout the day despite BANKNIFTY rallying unidirectionally but NIFTY remained inside the range we mentioned but it looks like the consolidation is about to be broken anytime sooner as we can see NIFTY has formed more like an inverted head and shoulders pattern in smaller time frame hence any closing above todays high or...

Wealthcam

As we can see despite a strong opening NIFTY remained sideways to negative throughout the day as we analysed in the previous post. Now following the global cues we can expect a flat to negative opening for NIFTY and expected to remain negative throughout the day until NIFTY takes support at trendline or the demand zone mentioned in the chart so plan your trades...

Wealthcam

As we can see NIFTY despite its whipsaw movement in the first half, it managed to close in a good green showing a string recovery from our demand zone as analysed in our previous post but it has not yet broken and sustained either of the levels to decide its further trend hence we can expect NIFTY ti remain sideways until it breaks either of the levels mentioned...

Wealthcam

As we can see NIFTY has been falling unidirectionally since July and now it can be seen taking support at the gap created but the support has been tested previously hence any weak opening for NIFTY could be concerning as since the UPTREND shown by NIFTY had been unidirectional so could be the fall which could be panic driven while taking support at the gaps....

Wealthcam

As we can see NIFTY fell unidirectionally after showing a small up move in the first half as we analysed that unless NIFTY breaches 19500 level, it remains negative. Now we can see NIFTY has formed more like a head and shoulders pattern in smaller time frame and following the global cues we may expect a negative opening of NIFTY but if it opens flat and breaches...

Wealthcam

As we can see similar to previous trading session NIFTY despite its weakness recovered and closed in green today but failed to close above our given level and hence NIFTY could be possibly testing the trendline for further fall till it breaches the level mentioned which is backed up by the trendline which has been followed by NIFTY for quite some time now so plan...

Wealthcam

As we can see despite the breakdown of the trendline which NIFTY had been following since last few weeks couldn't show much fall, though it fell unidirectionally in the first half but it managed to recover and ended up closing in a positive note but we can see that NIFTY can be retesting the trendline for the continuation of bigger fall but on the other hand if...

Wealthcam

As we can see similar to NIFTY, BANKNIFTY can also be seen falling unidirectionally and had been in downtrend making proper lower lows and watching it in a bigger time frame we can see it has formed more like a head and shoulders pattern and now it can be seen trading in a demand zone and an important psychological level of 44200 which is also a neckline of the...

Wealthcam

As we can see NIFTY has been falling unidirectionally since last month making new lower and had been in downtrend ever since but now it can be seen trading at important support which had been following since April. Now if NIFTY fails to reject at the trendline the we may see a rise of new trend and falling till 18800 seems very eminent so plan you trades accordingly

Wealthcam

As we can see despite the negative news announced by RBI of maintaining a CRR of over 10 percent and an unprecedented rise in inflation which led to the sudden fall in index but it maintained itself above the demand zone and can be seen trading in the demand zone hence any flat to weak opening in this range could show strong up move in the first half itself so...

Wealthcam

AS we can see BANKNIFTY open-end flat but fell unidirectionally in the first half of over 400++ points but reversed exactly from our demand zone of 44300-44600 and reversed over 400++ points in closing hours showing the onboarding of bulls hence any closing above 45000 levels being a psychological level should show a strong up move so plan your trades accordingly

Wealthcam

As we can see despite the trend line breakout BANKNIFTY didn't move much as it got rejected at the psychological level of 45000 as we analysed in our previous analysis and maintained itself in a range throughout the day. Now we can see BANKNIFTY maintaining itself in a range of 44750-45100 levels. The break of 45100 could potentially show a unidirectional move...

Wealthcam

As we can see BANKNIFTY had been in a range throughout the day without breaking either of the levels after taking support from strong demand zone hence now we can expect BANKNIFTY to break the trend line which it had been respecting since last few trading sessions making it weaker hence making the break of trend line very eminent and the break of trend line would...

Wealthcam

As we can see BANKNIFTY has reversed exactly from our given levels as analysed in our previous post. Now we can expect BANKNIFTY to remain bullish above our given levels and till BANKNIFTY maintains itself above our given levels till then every dip is a buying opportunity until it breaks below the level which would confirm the downtrend and would plan the trades...