architk

architk

Nifty been trending lower for few months now. And a w-pattern reversal from bottom showed some strength as well. With lower interest rates forecast and a 20 month low VIX shows that stability and money might return with a bang in market again. Though market is at crucial point where it can again take a little downside but with global factors aligning itself as...

architk

Kotak bank has been under-performing the bank nifty index a lot. Bnf is giving more than 23% returns from June 2022 lows whereas kotak is still giving only 16% or so returns as of today from the same June 2022 lows. Thus it is lagging in its relative strength and might be a good opportunity if script closes above 1950 with huge volumes then it can certainly tough...

architk

Reliance is at interesting levels. Do keep an eye on it for any long side breakouts. Happy Trading :) Disc: Chart posted only for learning purpose.v

architk

Nifty is steadily moving upside with vix also dropping near 15.5 which shows that there is high optimism and stability in market. Now for this week we have lot of events such as FED meet and surprise RBI press conference. So if there is any unfavored announcement in both of these events then vix would shoot upside to 17-18 range. And that would be the indication...

architk

Stock is in a real nice corrective move from very highs of around 4100. Now after several weeks of consolidation in the form of rounding bottom pattern it is at the verge of breakout the neckline area of 2550-2630. So 'Catch it young before the breakout'. Happy Trading :) Disc: Chart posted only for learning purpose.

architk

Nifty performed really well and our levels were quite precise for this week of trading. Now lets move up to next week, we have pretty much same levels as there is one sided move for this whole week. For next week we can see that there is a resistance or supply area of 17820-17920. Also a 30 min close below 17420 levels might take a little downside till 17350...

architk Updated 

Mid-week nifty update (17 Oct,22 to 21 Oct,22) Nifty showed continuous strength for past 3 days now. A continuous upmove of 500 points from 17100 lows to 17600 highs now requires some stagnation or even a fall from current levels. So I am expecting a fall till 17350 atleast and from there on nifty can again move upside. Also a short will only be done, if nifty...

architk

M&M has formed a Head and shoulder pattern on top and its neckline is forming at 1217. A close below these levels might gave more immediate downside till 1120 levels. Also a break of long term trendline already broken shows some weakness at higher levels. Happy Trading :) Disc: Chart posted only for learning purpose.

architk

Nifty gave an inside bar on weekly charts, suggesting a breakout on either side of the range that is 16950-17335. But a breakout trade should be taken on break of these levels only, till then a little churning on either side will be my target for this week. Supply and demand levels are marked in charts itself and I will trade this week with these levels only. ...

architk

With nifty almost filled gap and closed above 17000 big round levels shows some strength for next 2 days. Though a close below 17025 might give another downside again. So will trade cautiously and with according to these levels only. Happy Trading :) Disc: Chart posted only for learning purpose.

architk

Here this week nifty again recovered back from week's low of 16900 and reached 17400 on thursday i.e., on expiry day but couldn't sustain above that, and then gave a mild close in red the very next day. Now for next week we got some new levels for market to test that is the major gap that formed(17147-16887) might be tested week. And further with results season...

architk

Nifty recovered sharply with RBI rising its interest rates to 5.9% which is a increase of 50 basis points. Now that nifty has showed strength from lower levels of 16800 and moved swiftly to 17150. And halted around those levels. Here nifty is at a crucial juncture where it can break the 17156-17327 gap and move higher or continue to go sideways in range of...

architk

Clean science been consolidating for about 2.5 Months now and gave a real good breakout from a range in inverse head and shoulder pattern formation. The prior downtrend shows that there is consistent pressure from sellers but a turnaround after consolidation shows that bulls taken charge again. Also the big 200MA also taken out by bulls. The only concern here is...

architk

Nifty has been beating around the bush near the 17500-18000 level. Here we can see that nifty can sustain for a longer period of time if it wants to go higher than or even near to ATH(18600). But there's a downside level too i.e., 17350 and there has to be a tight range that nifty has to follow for a sustained period of time. If 17350 breaks and nifty gave a...

architk

We all saw highly volatile previous week with massive gaps on either sides. Nifty formed a range with defined boundaries at 16400-15735. A close above 16400 can bring more upside for short term. Though a breakout fail at 16400 can bring in another rally on the downside as well that is towards 15735. Following a breakout above 16400 can accelerate the markets to...

architk

nifty fall 650 points from high to low and also closed near previous week lows as well which indicates that there is more pressure from highs and no to very little demand at lows. I will trade as per marked levels on my chart for next week. Expecting a sideways to bearish market for next week ahead. Happy Trading :) Disc: Chart posted only for learning purpose.

architk

With Mega LIC IPO around the corner, We can see some action this script of LIC as well if it breakout with huge volume only. Trade cautiously and keep your position size in check because of huge volatility. Happy Trading :) Disc: Chart posted only for learning purpose.

architk

script was in a long consolidation below 200 EMA. By giving a huge volume breakout from a wide supply zone of 1000( Big round number/psychological level), we can safely say that a momentum can take place on upside in upcoming weeks. Enter accordingly near 1010-1015 Tgt for 1130/1185 SL of 950 Though with high volatility in markets now-a-days, and where many...