As we can see NIFTY has finally achieved the strong demand zone and a psychological level of 21800 level. We may expected a strong opening and signs of REVERSAL from here but in case if NIFTY fails to hold and sustains below 21800 level then we may see another weakness from here and a rise of new trend which is downtrend. We may also expect NIFTY to do false...
As we can see NIFTY had been consolidating in the same range as of now but it has recently broken a rising channel pattern and looking it in bigger tf, we can see it forming more like an inverted flag-pole pattern which is a bearish continuation pattern. We cannot confirm the weakness unless it breaches and sustains below our level else acting as a strong SUPPORT....
As we can see Nifty finally broke below the rising channel pattern and had been weak ever since. We can see Nifty getting continuous rejection at higher levels showing its weakness. Now the only important SUPPORT we can see is 21800 wherein any signs of rejection could be a good buy but if it fails to take support at given level then we may see another panic in...
As we can see NIFTY showed a strong reversal despite touching our reversal levels but we did expect a strong movement from our demand zone. Now we can see it has closed below the channel which could potentially act as a RESISTANCE hence unless NIFTY closes inside the channel until then we cannot confirm this as a false breakdown and can expect further downfall so...
As we can see NIFTY fell unidirectionally exactly as analysed in our previous post and we also mentioned about the supposed panic that could occur with the break of lower trendline and we did see that. now nifty can be seen heading towards very important support or demand zone of 21800 which given NIFTY more room to move hence if NIFTY weakens and reaches 21800...
As we can see NIFTY remained sideways to negative as analysed in our previous analysis. We further saw that NIFTY had been trading in the lower half of the channel and has not yet reached the lines to take support hence we may expect NIFTY to correct more, If in case it breaks below then we may see a panic in NIFTY else any signs of rejection around those could...
As we had analysed in our previous analysis that every rise could be a selling opportunity in NIFTY as it has maintained itself in more like an rising wedge pattern which is a bearish pattern hence we may still expect NIFTY to correct taking support at the lower trendline! We can see NIFTY is trading at a SUPPORT hence if NIFTY opens strong then we may see a good...
NIFTY can be seen in more like a rising wedge pattern and trading at important psychological level of 22500. Any signs of rejection around given level and inside the parallel channel we may see a strong downfall till the lower trendline so plan your trades accordingly making every rise as a selling opportunity till it doesn’t sustains itself above the...
As we can see despite the weakness, BANKNIFTY showed its strength and also broke out of the W pattern which was supported by the retest as analysed in our previous analysis! We can expect more of upmove till its new ATH so plan your trades accordingly
As we can see NIFTY broke below the ascending triangle pattern in smaller time frame and showed directional move in first half but recovered strongly in the second half which shows the immense buying pressure of the bulls and every dip is being bought! Hence the breakdown could be a possible trap to which a further continuation of upmove can be witnessed above our...
As we can see NIFTY is getting squeezed since last few days and had been trading in a tight range. It could be either a distribution phase aur accumulation forming a flag-pole pattern for continuation of the trend so either way a big is coming up anytime sooner so plan your trades accordingly everyone.
We can see BANKNIFTY has formed beautiful W pattern which is also backed by retesting of the previous support and getting rejected from that. Based on the previous rejection, we can expect BANKNIFTY to finally break the resistance which has been tested multiple times now and give big move so any flat to strong opening subject to sustainment above our given level...
As we can see despite the strong weakness, BANKNIFTY managed to close above our zone and ended in green as analysed in our previous post that the gap could possible act as a great support hence as long as the gap is protected, every dip could be an buying opportunity!
As we can see BANKNIFTY tumbled over 1 percent amid weak global trends, we can still see it closed above the gap that acts as a SUPPORT. Hence till the gap is respected and trendline acts as a SUPPORT, we are still strong and this decline can be considered as a retracement so plan your trades accordingly.
As we can see despite the weakness BANKNIFTY managed to get rejected around our important zone and closed more like in a positive note exactly as analysed in our previous analysis. Now we can expect some upmove in BANKNIFTY else we may see another test of the zone till 46100 before finally reversing so every dip can be bought positionally so plan your trades accordingly.
As we can see despite the strength in the first half, BANKNIFTY failed to sustain at higher levels and fell unidirectionally or we can say that it remained more like sideways to negative as analysed in our previous analysis. NOW that BANKNIFTY has shown substantial downside in last few days, we can see it is heading towards important SUPPORT 44100 levels and any...
As we can see BANKNIFTY remained sideways to negative throughout the day as analysed in our previous post as it got into a range and has to break to show unidirectional move. NOW that BANKNIFTY has taken rejection, we still can expect BANKNIFTY to remain sideways to negative with 46200 acting as a SUPPORT so plan your trades accordingly.
As we can see despite the strong selling pressure NIFTY managed close itself above making a new ATH. This shows the immense bullishness which sustained chart structure. Hence any weak to flat opening leading to break of previous day high could be a great buying opportunity for at least 69-100++ points and 500++ points in coming trading sessions so plan your trades...