Bank Nifty spot closed at 28098.75 as on 13/09/19.
This is bank nifty daily chart.
CMP : 28098.75
Immediate resistence is 28282.62 then after 28483.32 and 28603.27, all the above blue lines are tough barriers.
Watch and count the blue pins under each candle and watch the price action.
From the first resistence of 28282 ish levels the index has cracked down nearly...
Nifty next week view :
If any good news delivered by the FM we can see a 25 to 45 points gap up opening on Monday.
Nifty spot may open at 11110 or 11128 just a prediction.
Then for intraday 11058 and 11080 can act as crucial supports.
My opinion is to long in Nifty keeping in mind the supports and just the price action.
A bullish divergence is also noticed on...
Boeing Daily Analysis:
On the daily chart an "Inverted head & shoulder pattern can be seen as well cup and handle.
Weekly breakout took place in boeing above 365 na d 370 levels.
If we see the same on the daily charts, Immediate supports are the 2 two broken green lines
@ 370.48 and 375.86 respectively, whereas the immediate resistence(blue broken lines) are...
Apple weekly view:
On a weekly time frame a bearish divergence can be witnessed
on the chart.
A bearish divergence occurs when prices go higher but the RSI remains lower.
Watch the 2 red arrows.
This friday as on 13/9/19 Apple gave a close at 218.75.
Now the immediate support is 212.72. If this is cracked heavily we can see down
ticks near 208.78 and 204.55...
A clear Bullish divergence can be seen on RSI in Nifty Index here today. The RSI is HIGH whereas the CMP or Close on Nifty is much lower from where the red arrow starts. The RSI has crossed the RED broken line. Can long Nifty with immediate support of 10950 ish zone where the monthly and weekly pivot are there.
Watch the red arrow on the price chart and the red...
Keeping in mind today's low in Nifty and Bank Nifty. This is the trade setup for tomorrow.
Nifty and Bank Nifty both have formed a cup and handle formation on 45 minutes chart.
Any dip in Nifty till 11000 should be bought.
The resistance for Nifty is 11145 and immediate support is placed at 11080.
Weekly support in Nifty is at 11104 levels.
Once it breaks 11145...
Looking at the current market scenario anyone would initiate a short position.
But, there are some levels and certain candle formations which gives us a clear picture of the next move.
If this stock falls with the current market scenario we may witness 1530 to 1550 levels in this counter.
This is a simple example of bearish divergence on RSI.
One can see the price...
The S&P 500 index is trading at a resistance of 2932 to 2950 respectively marked with red broken lines on the chart.
Since Sept 2018 it has fallen from this level 8 times and this is the 9th attempt. So on 4hrs chart, a close above or between 2885 and 2900 will be considered positive. Once a strong close above 2954 we can see a 50 points jump in this counter.
This is my setup for Tuesday's session for Nifty.
Concentrate on the blue box inside the large box and nowhere else.
As we can see, I have marked PDH, PSH & PDL.
PDH = previous day high.
PSH = Previous swing high.
PDF = previous day low.
Small blue box: Selling zone.
Since nifty has given a close above CPR on Thursday and Friday.
The Tuesday setup is as...
This is a 15 chart of Nifty Bank last Friday session as on 9/8/19.
Candles are so accurate when they try to tell us the next upcoming move.
So, here we will discuss the candle formation marked in the red coloured box.
The first candle is green with a small wick and also closed above last 3 days high.
Now why the immediate candle is red. The big...
In banknifty we can clearly see that it has given a close above CPR and its R1. Whenever the prices close above the CPR and/or R1 it is said that prices move up.
In nifty it has given a close above CPR and weekely central pivot. So again an upmove is expected.
Buy on dips is suggested for the coming session on 13/8/2019.
CPR and pivots are marked with blue arrows...
Last 2 weeks, we have seen a major fall in the Index. But this counter IGL succeeded in making a higher low and will make a new weekly high tomorrow. Once a close above 312.10 will boost this stock for short term targets of 337. The 2 green lines are very strong supports, all red ones are targets/ resistance and the last blue line is the break level!!! A pure gem...
In this chart we can clearly see that this stock rallied today as on 6/8/19 and has entered its strong resistence zone. It has failed nearly 25 times before from this level. A strong close above 3303 and above can show us approx 3344 marks on the charts. Beware of the volatile market and go with the trend. Do not take any position as this article is just for...
Here is a chart of weekly Nifty. Some observation from 1990 till 2019.
So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave).
Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008...
2019 can be the third phase of correction for the Nifty index. Now if you...
Yellow box: M formation is done. The last candle is a spinning top which indicates indecision in this counter. A break below 340 pinpoint may show us 330 levels. Another support is there at 324 where consolidation can be seen. If any bad news in BA other downside levels will open. This is my cautious view for the coming week.
In this Reliance 15mins chart we can find wide and narrow CPR both back to back... Please follow the CPR method for Intraday trades. Stop Loss will be affordable and sizable with a bigger reward. Please back test wide and narrow CPR in your favourite charts and write back to me on this topic . NEXT is Virgin CPR which is the most important topic!!! Keep learning...
Hello in this 15minutes chart of ICICI bank one can see the down and the up arrow marked in the chart.
The area with blue dots and a pink dotted line in between is known as CPR(central pivot range).
It is generally assumed that whenever you get a narrow CPR in day trading it is a trending day for the particular stocks.
Look at the price action at the very start...