The nifty is at crucial level, with slight positive sentiments, if the price opens flat, and we would have this opportunity. Trade as per your wealth advisor.
The stock is consolidating in a tight symmetrical triangle, a breakout above 7100 would be a good buying oppurtunity
The index is slightly negative at this point of time, We saw some pushback from the buyers in the last hour of the market. This is formed a classical Descending Channel, this sort of patterns usually have 50% chances on either side. The trade is to be taken only when the index breaks either side of the channel and respects the Retest Levels. Happy trading
Two important things to watch out for in the coming days in Bank nifty Things that meet the eyes A clear cut double top rejections seem to appear to the naked eyes, and 38000 levels seems to act as a neck line for the same. If the prices opens flats and starts moving below todays lows , we might see some downfall to the nearest support levels of 37200 and 37400...
Hello traders, The Bank nifty really checked patience on both the sides of markets. This clearly seems like consolidation. While there are few gaps and Liquidity crunch, which the market is also adhering to. Please go through the pic to understand better , the Bank Nifty is taking a sharp Support near the 38000 levels, which happens to be above a gap, this is a...
The stock has been in in continuous upside rally in the past 1 week. Currently created a Doji followed by red candle indicating some breather in the market, never the one can observe a descending pattern in the smaller time frame of 15 mins. Based on this support and Resistance are marked , this will be my plan for the day.
Kotak mahindra stocks has been on a consolidation for a some time now, and forming a kind of round bottom(we can also call it cup) once the resistance which is at 1823,is taken out, might give us a good returns upto 5% at a sl of 2.3%.
I find that the Stock is in its accumulation stage ,(with the help of green Large volume spikes and and a kind of low down volume is seen and currently has broken the shoulder and might move ahead from here.