Wealthcam

Wealthcam

as we discussed in yesterdays analysis we saw a unidirectional fall from the break from our given levels now what?? though we found a unidirectional fall in first half, we did saw a strong closing in the end and the level we found it reversing had been acted a strong support too! that makes the level important that is 34000 which is also a psychological level...

Wealthcam

BRACE YOURSELF FOR SOMETHING COMING UP BANKNIFTY TRADING AT REAL CRUCIAL AREAS currently, trading in a parallel channel since long which is now about to get broken and this break can give 200-400 points fall in one go!! reason for the fall- Banknifty trading at the bottom of the channel which makes the breakdown more certain the level given which is around...

Wealthcam

as we discussed yesterday we saw a strong pullback despite a 200 point gap down in BANKNIFTY, that shows the interest of BULLS in the market though we saw a strong pullback we found it resisting around our level dicussed which was around 35100-35150 tomorrow it could be a real crucial day as BANKNIFTY seems to be in a good conslidation phase and break of this...

Wealthcam

as discussed in the last analysis we saw extreme volatility between the range from 34400-35120 now, banknifty trading at very crucial levels as the closing has been made above 35000 which has been an immportant psychological level, and if you look closely you can see a W or double bottom pattern which has been made around the SUPPORT LEVELS and break of that...

Wealthcam

Important levels being S1- 34560 S2 - 34400 S3 - 34000 R1 -35000 Currently in NO TRADING ZONE as market could be volatile between these range! Break on either side can good moves here So keep watching these levels

Wealthcam

BANKNIFTY at very crucial support wherein we have seen multiple reversal around 34400-400 no shorting is advisable unless 34350 is broken with proper candle close which is last trading day's low for which an intraday short position can be initiated as it can make a low till 33900 level which is the range support hence if tomorrow if it opens gap up, we can see...

Wealthcam

NIFTY BANK UNDER WORLD MARKET PRESSURE AS DISCUSSED YESTERDAY THAT ONE FALL IS EXPECTED IN BANKNIFTY AND THATS WHAT WE SAW IN BANKNIFTY, THOUGH WE SAW A HUGE GAP DOWN AND SOME RECOVERY IN FIRST HALF BUT YOU CAN SEE IT REVERSED EXACTLY AT OUR LEVELS DISCUSSED WHICH WAS AROUND 35300-400 WHICH WE DECIDED TO BE A SUPPORT, WHICH HAS TODAY REACTED AS A RESISTANCE AT...

Wealthcam

CHART is self explainable, more like ASCENDING TRAINGLE PATTERN is identified and that too much conslidation has been seen in bigger time frame, this pattern would pretty much define the next upoming direction of the market, currently NEGATIVE in the short term as it can make a low of 35400-300 before continuing its bull run major resistance is 36000 above, and...

Wealthcam Updated 

BANKNIFTY trading at perfectly ascending triangle pattern which shows strong bullish continuation which is also supported with proper price action as you can see the higher highs and higher lows being formed which shows the upcoming bullish continuation price action pattern! 35800 seems to be an important RESISTANCE wherein MULTIPLE REJECTIONS has been seen and...

Wealthcam

BULLISH ASCENDING TRIANGLE pattern wherein we can expect bull run to continue till the next psychological level which is 36500 but some points one must keep in mind that market doesnt go unidirectionally and hence for now to make a new buying position is risky , you must wait for some retracement for a better risk to reward now BANKNIFTY trading at very crucial...

Wealthcam

As you can see it is still in ASCENDING TRIANGLE pattern, as discussed we saw REJECTION From 35800 and came down, since tomorrow is also an EXPIRY it can potentially give one sided move if 35800 is breached with proper candle closing and new position can be made as soon as it is breached Below 35500 should be kept in mind which can act as a SUPPORT below as...

Wealthcam

BANKNIFTY trading at very crucial levels more like a MAKE OR BREAK situation 34400 being very important level being an important RESISTANCE where the reversal was seen but it couldn’t break the trendline we’ve drawn yet hence no short positions has been created Be aware all who shorted BANKNIFTY, sudden reversal can be expected if the line below is not...

Wealthcam

Reversal expected ??

Wealthcam

BANKNIFTY TRADING AT VERY CRUCIAL LEVELS NOW wherein an indecision candle has been seen in 1 DAY TF clear rejection has been seen from BULLS around 34900 levels protecting their important support and important PSYCHOLOGICAL level of 35000 which gives probability of continuing its UPTREND follow the given trendline Important levels stand for now are R1- 35230 ...

Wealthcam

Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern In 45 minutes time frame NIFTY is still seems to be...

Wealthcam

Perfect ASCENDING TRIANGLE pattern has been formed in NIFTY which is also a BULLISH continuation pattern and the RESISTANCE being 15900 which has been tested multiple times as you can see in the past and there is much likely chances that it’ll break above because of multiple rejections in the past made it weaker You can witness 60-120++ points rally if candle...

Wealthcam

As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see...

Wealthcam

Market responded exactly the way we discussed, it was more like one sided rally for 400++ points but now stands at a crucial level as you can see multiple rejections and reversal can be seen in these zones from 35300-35500 wherein BEARS have always overpowered the BULLS NO CLEAR DIRECTION FOR BANKNIFTY UNLESS 35500 is breached with proper candle close Expecting...