finnova_

finnova_

As we discussed, Nifty ended sideways today. If we look at the chart now: The market is trading at the higher side of the channel. Right now, the market is in a mini-channel. If it breaks to the downside, it can result in bearishness in the market to 200 EMA levels. NIFTY seems more bullish than Banknifty, where Banknifty is preparing for a bearish...

finnova_

As we discussed, Banknifty was sideways today. If we look at the chart now: The market is trading at 200 EMA, breaking off, which might lead to a double top neck break to the downside. The market is making a rising wedge pattern after a huge fall, which might be a preparation for next fall to the downside if it beaks to the downside. Important support...

finnova_

As we discussed, NIFTY has a bullish structure as it was tested on a disaster management system. That is exactly what happened today. The market had a huge volatility of 500 points in 10 min. There was no order flow; it was like a pump-and-dump scam. What is SEBI doing regarding these spikes? Let's see for tomorrow's setup- If we look at the chart now: The...

finnova_

As we discussed Banknifty sideways or Bullish; it ended-up sideways with high volatility on upper side. If we look at the chart: The market is trading at support (Price action + 200 EMA support) right now. the important levels for tomorrow are 200 EMA, 48000, 47400 will be working as very good support. while 48445, and 49125 will be working as nice resistance. ...

finnova_

As we discussed Banknifty sideways or Bullish; it ended-up sideways with high volatility. If we look at the chart: The market is trading at resistance (Price action + 200 EMA resistance) right now. the important levels for tomorrow are 47401, 47000 will be working as very good support. while 200 EMA, 47970, and 48332 will be working as nice resistance. ...

finnova_

Nifty has already given the breakout. right now it's in the consolidation phase of WAVE 1. If we look at the chart now: Market is in sideways zone in range: 22098-22293 Important Levels: Support zones: 21811 , 21944, 22098 Resistance: 22544, 22763 If we look at OI data: PCR = 0.73, shows neutral structure. as it's expiry market is highly probable to...

finnova_

Banknifty has been Bearish for the last two weeks. Now, Bank Nifty is in the support zone. If we look at the chart now: Banknifty has successfully broken the bearish trend to the upside. It gave a nice V-shape recovery. But big players have not accumulated the quantity, and that's why there was huge volatility yesterday. The market has taken support at Fib...

finnova_

As we discussed, Banknifty, if it takes support at 200 EMA, will make a higher high, but we didn't expect that heavy bullishness. If we look at the chart: The market is trading in the 4H-TF resistance zone; it has also broken an all-time high. That indicates bulls are very powerful, and today's moment reflects that. The price is very far from the EMAs(50,...

finnova_

As we discussed the live market Banknifty analysis, after that, it showed a huge fall. If we look at the chart now: The market is trading at the 200 EMA, which is likely a very good support point. Also, it gave a nice pullback with good volume in the last 15 min. Also, the market is trading at the 0.23 fib level, which is not likely to provide support...

finnova_

As we discussed the market in the live session, it was bearish. After that, it gave a nice fall. If we look at the chart now: Price is Making continuous HH and is not able to make HL. Price is taking support at 200 EMA. This level is also fibbed at 0.23 level, which is considered with 200 EMA, making it a good support zone. 22374 is also a good price...

finnova_ Updated 

Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc You can make an entry with R:R :: 1:4. I am expecting TFCILTD to go bullish. Reason: Bullish Flag and POLE breakout to the upside. Taking support at the VWAP...

finnova_

Triveni Engineering and Industries Ltd is an Integrated and diversified conglomerate in the areas of sugar, ethanol, and engineering. The Stock has given a successful breakout of Flag and pole pattern, falling wedge, and a consolidation of six months. You can make an entry with R:R :: 1:2. I am expecting Triveni to go bullish. Reason: Bullish Flag and POLE...

finnova_ Updated 

As we discussed, Banknifty has been falling for the last four sessions. If we look at the charts: The market is reaching near the support trendline, which is going to provide a potential support zone for Banknifty. if we look at the OI: PCR = 0.67 shows the market is in a bearish phase. 47000 is going to provide a good support zone as it has good PE...

finnova_ Updated 

As we discussed, Banknifty's structure opened a gap down and fell. If we look at the chart now: The market is making Hammers at the top. Now, the market is in a very crucial position. It is trading at the support trendline and support zone. The market is making a rising wedge pattern. If the market breaks the pattern to the downside, it will be a good...

finnova_

As we discussed NIFTY yesterday, it opened a gap-down and then continued the momentum. If we look at the chart: The market has broken the pattern to the downside. There is 200-ema support at the downside. I am expecting to take a little bounce back (consolidation) and then continue the bearish momentum. 22385 is going to provide very nice PA support. All...

finnova_ Updated 

TILAKNAGAR INDUSTR (TI) has given a breakout of bullish flag and pole pattern to upside. All important levels have been marked at the chart. As stock has broke to upside you can generate a buy @LTP. If we see the volume surge it was massive yesterday. if we enter stock at 230 we can achive the target with Risk: Reward :: 1 : 3. Reasons: Bullish Flag and...

finnova_ Updated 

As we discussed NIFTY yesterday, it ended sideways. If we look at the chart now: the market is trading ATH in the zone where it got heavy selling from this region. NIFTY is going to be sideways unless it breaks the GREEN trendline to the downside. The inside marked region (22617-22766) is sideways. If we look at the OI data: PCR = 1.21, which...

finnova_ Updated 

As we discussed Banknifty, Banknifty opened a gap up and then ended sideways. If we look at the chart now: The market is trading at the resistance zone. It has successfully respected the 4H-TH resistance zone, and a significant sale was made in the last 30 minutes. Banknifty gave very nice bull momentum last week. The market needs to consolidate (or...