karan_bagri

karan_bagri

Nifty broke its major support area of 18k which was also the 0.786 Fibb Level, this 18k level was the last support for a pullback according to Fibonacci Retracement levels. As in our analysis for 25oct we stated that if Nifty broke 18000 we can see 17800, today nifty made a low of 17799 and gave a little bounce. What's ahead now - If price breaks 17800 then Nifty...

karan_bagri

Banknifty has broken the immediate support of 20EMA, now next support zones are 40500 & 40200. While on the upside 41350 is marked as a minor resistance and 41600 is next level on upper side.

karan_bagri

Nifty completed the rounding bottom but failed to clear the resistance of 18320. Now the rounding bottom pattern is invalidated and from here on range in nifty for upcoming days is 18320 zone on upper side & 18050 area on lower levels. Until nifty moves beyond any of these levels it's in indecisive zone.

karan_bagri

After a long bearish move Silver made a strong counter trend move and broke out above the descending trendline on 20th Oct making a recent swing high of 66700 it is now trying to make a short pullback. Completion of this pullback can be a good long entry spot between 64000-65000 in SILVER. If price moves above 66000 then we can see 68000 which might be a...

karan_bagri

Banknifty is taking support of 20EMA if the price breaks through the EMA then next support in line is 40500 & 40200, while on the upside resistance is on 41600.

karan_bagri

Nifty has broken the descending trendline and completed the rounding bottom pattern. Now waiting for price to cross resistance of 18320 once cleared then Nifty can go 18455 & 18600, On the downside support is 18200 zone.

karan_bagri Updated 

Nifty forming rounding bottom near the major support level, if the price action completes the pattern then we can see nifty to continue its uptrend. However there's a descending trendline which is working as a resistance therefore this trendline has to be cleared to complete the rounding bottom. Support for nifty is 18050 - 18000 & nearest resistance is the...

karan_bagri

Stock is trading near long term trendline which has been working as a support, price is seeing a bounce from the trendline. Stochastic has also reversed from the 20 level. RSI is also supporting the trendline currently above 50. From here on we can see the price reaching to recent swing high. Setup will be invalidated if price drops below 1025.

karan_bagri

BankNifty is trading in rising channel. The angle of channel is slightly steeper, near support and resistance are the channel's upper and lower band. Multiple support levels for the index stood at 40500 - 40200 - 39900. While on the upside "IF" BankNifty continues the current momentum then we can see 40900 level.

karan_bagri

Banknifty has formed a tight flag pattern after breaking the resistance of 39900, now resistance for banknifty stands at 40500. Support is at 39900, if index breaks this support then it'll fall in the trading range of 39400 - 39900.

karan_bagri

Nifty is getting stuck near fibb level 0.68%. Untill nifty crosses above 18320 we are expecting nifty to remain sideways to mildly bearish for upcoming days. Crucial support levels for Nifty is 18050-18000 area, if this gets penetrated then we can see 17800. Resistance ahead for nifty is 18320. Nifty has to cross above 18320 to continue the bullish action.

karan_bagri

*Nifty bank broke Descending pattern on intraday today, which gave index the push to move upwards, now price has to be above 39900(support level) to continue its momentum. There is no resistance level for banknifty as per chart analysis.*

karan_bagri

Nifty bounced above support around 18130 area which is the 0.68% Fibonacci Retracement level. Nifty has to clear 18315 now to continue the uptrend. Support is now at 18200 & 18100 while resistance is 18314 zone

karan_bagri Updated 

As per Fibonacci Retracement levels. 18306 - 18224 - 18133 are the next support levels which could hold nifty, however no long fresh should be created at current levels until these fibb retracement levels are respected or nifty breaks the recent high of 18600.

karan_bagri

Index is creating descending triangle on short time frame(15min), while price is still in rising channel, the break of short term descending triangle pattern will decide which direction will banknifty go. Support of short term pattern is 38350 & resistance line near 38660. This short term pattern can give good intraday trading opportunity, until this short time...

karan_bagri

Banknifty is trading in rising channel and price is closing inside the channel right below the resistance which could suggest further downside. Avoid taking new long trades at current levels.

karan_bagri

Ascending triangle formation in TCS on daily time frame. Currently price is in no trading zone it's between dynamic trend line and resistance a break above resistance or fall below trend line will be considered as a break of triangle formation. A breakout above resistance is highly possible as the stock if making higher lows.