abhi1invest

abhi1invest Updated 

$NIFTY is a no brainer in a downtrend. However, last sessions have seen an upside push. So the question that is bothering every one is whether the down trend is over? Well! only time will tell whether the downtrend is over. The last swing high on 1 hour time frame is a crucial in answering this question. If price breaks this line/zone on the upside and retests...

abhi1invest Updated 

$BANKNIFTY has given a positive close today above the long time resistance zone. Apart from this a Bullish RSI Divergence is seen on the charts on Daily TF. Along with the above, buyers fight back today was more prominent in Bank Nifty than in Nifty with BN giving positive upside signs clearly as soon as it broke from the first 1 hour zone. Comparatively, $NIFTY...

abhi1invest

The most obvious expectation is that $NIFTY is bearish after today's fall where it broke it all known supports. I do have the similar sentiment and i agree that this is a sell on the rise market. However, purely for 14th March, i am expecting the market to recover a bit, more in line with a retracement to the last support. Why do i think this is expected? Two...

abhi1invest

Looking at SPY's Friday's Daily candle, it is no brainer that SPY has further downside. The next strong support is around 376.5. It doesn't seem likely that this support would be breached. SPY should this week touch this level or reverse very close to it like some where between 378 and 376.

abhi1invest

Nifty at this stage is not very clear in direction. However, looking at the last candle (Friday's daily candle) it has a positive look. This comes out because Buyers have been able to hold the sellers to take price low further after a huge gap down. Now there are two confusing/conflicting images that come out when you compare weekly time frame candles Vs 15 min...

abhi1invest

Observations: $BANKNIFTY has a strong support at around 39780-39760 levels. A big Gap Down on Friday and a big tussle between Buyers and sellers resulting in more than half of Friday being range bound. This is indicative that buyers have still not taken stop-losses or have exited their trades. Expected reaction in the week of 13th March: 1. The coming week of...

abhi1invest Updated 

Similar to Banknifty, Nifty is at the cusp of breaking the inverted cup and handle pattern. If the neckline is broken, the target for the next month period should be 16832

abhi1invest Updated 

RSI is going for a retracement to the yellow line. There is a down trend line on the daily and weekly TF which in high probability Bank Nifty should fill in this week (week of 13th Feb to 17th Feb 2023). This space is roughly 1000 points and hence a high chance of a single weekly candle. Rough ATR is 1300 points. Also, considering that the last week weekly candle...

abhi1invest Updated 

On weekly time frame, SPY has formed an Inside Candle. This pattern indicates there would be a downside breakout in the week of 13th Feb or the subsequent week. If that happens, the first target would be 397. If in the subsequent week of the breakout, the price opens around 395 or in simple words the trend continues then 382 would be second target with is a strong support.

abhi1invest

NSE:BANKNIFTY Both Bank Nifty and Nifty are at the cusp of breaking the neckline of the Inverted Cup and Handle Pattern. I expect the over the next months period, Banknifty should hit the target of 37700 Similarly for Nifty, once the neckline is broken, Next months target should be 16832