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SBIN on 2 hour tf is showing a falling wedge pattern, as long as recent swing low ( or budget day low) is saved chances of this going upside are higher and can be a good swing trade with small risk.

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Banknifty on Monthly tf looks to be travelling in this channel for now, and after three months of correction since it made ATH in Dec 2022, last monthly it made a doji and potentially by April closing it make a Morning star formation which is currently under progress. Also Banknifty has crossed previous two months high so far. On weekly timeframe, Nifty has...

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This analysis is to see some of the ratio charts of different sector in comparison to Nifty, which in my opinion can give a directional edge to traders for short to medium term in terms of identifying which sector may be outperforming wider market. Pharma Index / Nifty ratio chart is suggesting a falling wedge BO on weekly charts and possibility of Pharma...

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Lupin after opening gap down on 13th Feb has done some base formation on hourly time frame, above the marked resistance level it has a potential to trigger some short covering and hit around 50% pullback zone. There is a hint of short covering visible in option chain as well and below the 680CE chart for reference. Keep this setup in radar This isn't a trade...

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ITC monthly tf analysis...chart has almost all details one needs to look at

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Infy on weekly time frame has formed a weekly double top and got rejected at island reversal gap which it has formed post April'2022 result session. It has already given a neckline breakdown of weekly double top as well as follow through closing of the confirmation candle and potential fibo target using couple of harmonic pattern suggest much downside level...

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IGL is consolidating in a tight range since last 16 days and since last two days it is finally giving a closing above 430, which was previously highest closing in last 16 sessions. It is also forming a ascending triangle formation with in a parallel channel. Today it faced resistance around 455, which was a 2021 breakdown level. It has since then consolidated for...

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Nifty after posting my bullish view at 16900 has rallied for almost 700+ points and I expect some cool off in terms of profit booking as well as consolidation. However, technical setup as I see are as follows that 38 to 50% retracement levels of the rise after breakaway gap to recent swing high (17630) is placed around 17450 +/- 20 zone, April series avwap also...

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DJI has broken down of a range consolidation and as per range the downside targets are marked on the charts. Most of the other details are clearly marked on the charts and overall weakness is visible in post today's candle close in US Market Previous DJI analysis are linked in related idea section

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Navingflour is trading inside 6th feb weekly range for last 8 weeks, and price has already given twice fake breakdown of the support trendline by creating bear traps. So enough of liquidity grab in my opinion. With so much consolidation into range now, it has high chances of giving a breakout soon. Keep this setup in radar for a good trending move

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Is Nifty currently forming DIAMOND BOTTOM PATTERN, similar to what was observed during Sept'22 ? The diamond bottom pattern is not a common formation but is considered a strong bullish reversal pattern amongst technical analysts. This bullish reversal pattern first expands from the left-hand side and then contracts into a narrower range, until price breaks out...

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Banks and financial sector is currently under immense selling pressure due to all the negative news around the world. However cutting down the news and focusing on charts, as I see that around 50 to 61.8% pullback from 9th march double to high to latest swing low made on 16th March expiry can't be ruled out. BN on smaller timeframe is currently rising in a...

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LT weekly closing tomorrow, can possibly be highest every weekly closing. Other price action related aspect which are my observation on this chart are explained in it. Overall looks very strong on charts

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DXY - let's track - possibility of making a H&S and if it breaks down ...we may see a good rally in equity market :)

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Nifty on daily time frame is currently sitting on 50% retracement level of the move from June low to Dec high. On daily time frame it is also showing positive divergence in a similar fashion which it has shown on earlier instances of short term bottom formation. It is also in a falling channel and price is currently at the bottom of the channel and possibility of...

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Nifty on hourly timeframe is showing a falling wedge formation with double bottom placed at the bottom of the falling wedge channel and also a very important support placed around 16800-16850 support zone band. 20 DEMA is placed around 17400 currently and as that acts a magnet, it can't be ruled out that price is going to a move around that. This zone is also...

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MGL has given a good breakout above 930 two weeks back, however post breakout follow through is missing and price has started showing weakness due to absence of any follow through, and is facing resistance in 50 to 61.8% fibo pullback zone from June 21 high to June 22 low. Chart is also showing a rising wedge formation on weekly timeframe, and current weekly...

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Nifty on broad time frame is still in a big range consolidation. I am keeping an eye on 17200 Monthly straddle which is currently trading at 725rs for April monthly series, which gives a protection range of 16480 to 17900.