aktradelearning

aktradelearning

Nifty - as the view was in bullish tone only and idea was to find some reversal setup. It took support today at avwap level from July 2021 levels, where it has previously consolidated for long period before giving a superb rally to ATH in oct 2021. The same avwap acted as support during June correction and NF today made a double bottom in 15 min tf...and bounced...

aktradelearning

Nifty on hourly timeframe is showing a bullish divergence with support placed at avwap level from June. Fresh shorts here are looking risky and even if it has to fall further to test the budget day low, I expect a bounce upto 20dema on daily time frame, which will act as strong resistance. Trade cautiously. Happy trading

aktradelearning Updated 

Nifty is under correction from last few sessions, it is at very important demand zone and is showing some signs of selling exhaustion. Possibility of a bounce back from here is higher with multiple supports available at hourly timeframe. 17800CE on my radar to be bought in any dips with small SL ..

aktradelearning Updated 

AUBANK good falling channel breakout with volumes, also a rounding bottom breakout visible. The price is also respecting giving breakout above 50 to 61% retracement zone from Oct swing low to Dec swing high... Keep it in watchlist for momentum play

aktradelearning Updated 

Finnifty is moving in a falling channel right now on 15 min tf and has also made a falling wedge pattern. The correction which has started from last thursday may get over by tomorrow first half and dips may be bought around 18080 level which may act as a demand zone support and also fibo level support. Depending upon how option price behaves, one can track...

aktradelearning

Reliance - As shared earlier in previous analysis, Reliance is getting ready ...so positional shorts in index needs to be careful If My reading is right, we already have a MCB in option chart of Reliance 2500CE...

aktradelearning

Siemens on weekly timeframe is showing early sign of bearish divergence and longs needs to be careful here. Also, as the price has been rising over last few sessions but OI has been reducing showing a sign of long unwinding with also delivery volume declining ...

aktradelearning Updated 

BN currently at support ....further shorts may be very risky ... 41200CE is offering a good R:R

aktradelearning

Banknifty - Personal bias very bullish with a super consolidation, dips will be bought in as this looks like a typical demand zone accumulation with bullish consolidation. RSI & MACD signals are giving +ve hint and possibility is that beast may just take one step backward before it advances 3 steps :) So, gap down/dips will be bought is my idea ... PS: No...

aktradelearning Updated 

Titan on weekly timeframe has made a double top and has also given a rising channel breakdown on weekly time frame, expecting some pullback and a retest of the channel around fibo levels from where we can expect another round of sell off to achieve downside targets of 2400 or below. Daily chart analysis for same is attached below On 2 hourly time frame, we...

aktradelearning

I've tried to an analysis of nifty based on certain observations, please go through the detailed post Nifty so far seems to have respected the trendline support from covid lows on weekly timeframe or is basically respecting the channel. It has formed a Piercing Pattern candlestick on weekly time frame at bottom end of the channel support, which indicates a...

aktradelearning Updated 

Intellect design is in a downtrend and has given another breakdown closing after a long consolidation, if it start sustaining below PDL, we may see further downside target here.

aktradelearning Updated 

Banknifty has been stuck in range from last few weeks, Tomorrow's weekly close is very important in Bank nifty and Weekly close below 41550/500 range will invite targets of similar range on downside which also is aligning with median line of pitchfork. We also have budget session coming up, so expecting a lot of volatility ahead and budget session may trigger...

aktradelearning

Asian paints on weekly timeframe is on support trendline and has also formed a inside bar (harami candle) in downtrend on weekly time frame, Keep this in watchlist for small stop loss reversal trade.

aktradelearning

Colpal on weekly charts is looking weak and has broken down important demand zone and also long term trendline support. Current weekly looks to be a pullback / retest of the breakdown and positionally it may slip down further. Further details are marked on charts, longs needs to be cautious here.

aktradelearning Updated 

AxisBank after giving a super momentum on upside is currently seems to be forming ending diagonal in its wave 5 as per my understanding, which is a rising wedge structure and breakdown of it can give a good correction. Longs need to be careful here ...

14:56

aktradelearning

I have tried to do a multi time frame analysis of Ambuja Cement chart by going into history of price pattern and what can be in store in coming days. Just try to cut the noise and read what price behaviour is telling us No reco for Buy & Sell

aktradelearning

DJI after giving a breakout earlier faced rejection in Pitchfork middle band and retested the counter trending. For last two weeks it was consolidating and gave a inside bar breakout in Weekly tf, currently the follow up candle so far looks good and if the momentum continues - it is possible to see a 6-8% upmove minimum in DJI from previous weekly closing .....in...