BNF is moving in a Flag n pole pattern from past several days. Since today it gave good breakout(pole). there is a very good possibility for it to consolidate for whole day on Monday. U can Buy on dips and sell on rise for Monday but there may be a breakout after 3pm
BNF trading in a parallel channel from 30SEP. right now it's at channel resistance level and my speculation is it may fall 150 points and consolidate for some time. apart from that it may fall as low as channel support level or may give breakout above side. wait for price action before jumping in the trade
Banknifty is tracing a Ascending triangle from 1st Oct taken 2 rejections from 38116 level. 1 more rejection may be possible at 38116 but if it breaks that resistance and sustains we may expect Banknifty to reach as high as 39350 levels very soon. If it fails to break upside and gives a break out in downside then we can expect a good fall upto 36900 levels. Don't...
SBIN has broke an Important resistance level from which it had already taken rejections 4 times. This time break out and retest is complete Just wait for the bounce back and once it sustains above 164 and close above 166 u can comfortably Go long in it and put your target 1 as 493 but you can expect more
Trading near resistance and showing the signs of reversal. Keep this in your watchlist and Go long If it breaks upward and Go short if it takes rejection. My view is bullish for now so I'm not providing the short path
RSI Divergence in Tata power indicates the upcoming fall. we have a resistance at 172 so investors Book partial profits at 172 and full profits after it falls below 170then reenter positions at 155-140 levels. Traders can Short Tata power futures after it touches resistance and close below 170.option traders can buy put option after it starts to fall below 170
I'm Expecting a gap up opening for tomorrow but No breakouts. whole day BNF may just fill the Gap and trade in range. You can Buy call at dip and put at rise. if it breaks upside u can buy call and if it breaks downside U can buy Put. If u can understand the price action well and good otherwise u can message me
I'm expecting a gap down tomorrow. Wait for the price action and Buy ATM PUT If it traces the red line. otherwise if it breaks upside then Buy ATM call.in any case Expect at least 100% to 150% returns from this expiry trade. for exact entry on daily basis u can message me on 8884244158
This is How I used to analyze when I was a noob. I'm publishing this to warn those noobs who expect market to move in one direction. Guys this type of analysis Screwed the Hell out me. Always have a neutral mindset while analyzing the market and try to include both directions. u can refer my other analysis for the same
we can expect another big move tomorrow. I'm expecting a Gap down opening. Today BNF formed a descending triangle. will wait for some price action before Jumping into trade. Chances of Breaking Downside is much higher than Breakout on the upside.
I'm expecting Flat or Gapdown opening. Today It was rangebound and same sideways movement may continue for tomorrow also. but if we get a closing above or below today's range then we can expect a move as labelled in fig
Banknifty has formed a Symmetrical triangle pattern which indicates the continuation of the trend. so we can expect a gap up opening tomorrow. If it opens gap down and breaks immediate support then a big fall can be expected