msk_analysis

msk_analysis Updated 

NIFTY index on a weekly timeframe, a notable diamond top formation seems to be developing. Historically, diamond patterns have often signaled significant price reversals. Based on this observation, a potential 1000 pts move could be on the horizon. Analysis: Diamond Top Formation : The diamond pattern, often considered a reversal formation, has manifested...

msk_analysis Updated 

BankNifty is currently positioned at a pivotal point, presenting traders with a potential opportunity. From a statistical perspective, the presence of a head and shoulder pattern at an all-time high often indicates a forthcoming correction. If this head and shoulder pattern is invoked, we could witness a correction ranging between 1500 to 1900 points in...

msk_analysis Updated 

This is more like looking at charts and trying to find out patterns whom can this help Investors - what should be there SL in Federal Bank - exit at 66 and re-enter at 41 Technical Analyst - one more analysis - always good to see perspectives :) isn't it Traders - Not exactly - but they may want to set an Alert for Monthly closing below 66 or above ...

msk_analysis

Dow futures are trading near a very strong demand zone. the possibilities from here could be it keeps consolidating - accumulation happens for sometime in this zone and jumps from here it retraces quickly as per harmonic to 30900 lvls and falls from those levels it continues to fall and may come back to re-test and down move continues the probability...

msk_analysis

Nifty - after consolidation for a while on a verge or breakout / break down. Bank Nifty already gave a break out in the last sessions, now its time for Nifty to have a catch-up run . RSI also looking to breakout Details of trade setup on charts refer to the related idea on BNF for last week Trade Safe

msk_analysis

May Monthly expiry on 26th Top three months with max FII selling in cash in recent times March 2020 - 65k crores Feb 2022 - 45k crores March 2022 - 43k crores It is already 44k crores in May - so it's a no-brainer that May would come in the top three. big question is - can it match Feb 2020 sell figures? I doubt but Time will tell BNF interesting...

msk_analysis

Bank Nifty for the last 10 days has been trading in a range, getting ready for a breakout/breakdown a multi-year trendline is in play in BNF and BNF took support more than 4 times and broke the trendline support once. Will it take support or break the support since 5th April it is trading in a downward channel US Fed interest rate decision is scheduled...

msk_analysis

A Head and Shoulders pattern is used in technical analysis which occurs when a massive reversal in the ongoing trend in the market happens occurs. The chart pattern of Head and Shoulders is marked by three successive peaks: Original Trend of BNF - bullish The Left Peak or the left shoulder The Centre Peak or the head The Right peak or the right...

msk_analysis

Silver fut are on verge of triangle breakout , it would be a multi year breakout If it would be forming W pattern as well. Trade Setup - possible entry, SL and target mentioned on charts Happy Trading

msk_analysis

Bank Nifty has retraced quite a lot - broke 20 DMA / 50 DMA and now nearing small GAP support as marked on Charts will it hold the support or will it slide down further depending on How Global markets respond It may go up without even taking the support as well... Too many unknowns to guess .. .. the only known fact as of now is that we know where the...

msk_analysis

Important Levels on Charts NIFTY has been consolidating in a wide range - the overall texture is still positive but it may see minor retracements If today it takes out 17609 lvls with GAP DOWN , the probability of seeing 17436 is very high and if it sustain below 17436 for more than 30 min - probability of testing 17210-17250 becomes quite high There are...

msk_analysis

Levels mentioned on chars Selling near resistance zone and buying near the support zone. Happy trading

msk_analysis

NIFTY in the latter half of last week was trading on overbought levels rsi > 84 Profit booking is/was expected Possible trade setup Buying around 17400 / 17200 levels may happen selling NIFTY won't be too profitable as selling something in a bull run is quite risky, so my pick would be to buy NIFTY around support levels in small quantities, chances are high...

msk_analysis

BNF has been trading in a range of 2000pts channel since May-end It has been a while and multiple tries to break this channel has failed. Presently, below 20 and 50 DMA and somewhere in the middle of the channel. What possibly could be a safe trade from here? A long entry when it tests 100 DMA that is quite closer to the lower range of channel. possible...

msk_analysis

Please refer to earlier ideas on BNF - Target 1 achieved, reversed from Target 1, couldn't breach SL. Now what next NASDAQ and DOW futures are on ATH levels, Results season is on The hypothesis is that when global markets are at an all-time high and Indian banks are publishing results soon. Market movers would very much like to take this opportunity to take...

msk_analysis Updated 

Please do have a look at the earlier analysis as well for the overall picture. This analysis is biased with Fibonacci levels for entries BNF has been underperforming from the last few weeks, so it may play a catch up with Nifty on the way up starting from 30405 lvls, BNF has made bold green candles at the lvls faced rejection .618 lvl of 35802. Even after...

msk_analysis

one of the most commonsensical approaches towards market analysis is to look at a slightly bigger picture and then drill down to a lower time frame on a weekly time frame, we can see Nifty has strong support at 15430 lvl and in a daily time frame we see a supply zone starting 15830 lvls Now with these two important lvls we may think of possibilities that can...

msk_analysis Updated 

LEAD futures showing an interesting pattern Wolfe Waves - For a true Wolfe Wave, the fifth wave instance in the pattern will be followed by a breakout in price and presently the lead futures are in end of 5th wave so any breakout if it happens would become trigger point and the target would be the trend line positional trade - SL and targets provided on chart