Bank Nifty Weekly Analysis For 28-08-23 to 01-09-23. 43600 is a Important Support For Bank Nifty Coming Week. 45000 is a Major Resistance For Bank Nifty Coming Week. So Range For the Week is 43600-45000. If Bank Nifty Sustains Above 45000, more Upside Possible and Targets are 45500/46000. If Bank Nifty trades below 43600, more Downside Possible and Targets are 43080/42600.
Nifty Weekly Analysis For 21-08-23 to 25-08-23 Nifty Support for the Week is 19250 & Resistance for the Week is 19650. Total Range(Sideways Market) is 19250-19650(400 pts). If Nifty trades below 19200, the downtrend Continues and ABCD Activates and Targets are 19080/18947. Above 19650, XABCD Activates and the Targets are 19780/19912. Verdict: My View is Sideways...
Nifty Weekly Analysis For 14-08-23 to 18-08-23 Nifty Support for the Week is 19300 & Resistance for the Week is 19650. Total Range is 19300-19650(350 pts). If Nifty trades below 19300, the downtrend Continues and ABCD Activates and Targets are 19080/18947. Long Only Above 19650 for the Targets of 19780/19880. Verdict: My View is Sideways to Bearish for the Week.
Bank Nifty Weekly Analysis 14-08-23 to 18-08-23 Bank Nifty is now in Downtrend as per Daily/Hourly Chart. Head & Shoulders Pattern is Formed in the daily chart and Index has given a breakdown and close below the neckline. Below 44100, continuation of trend and the Targets are 43780/43380. Above 45120, reversal of Trend and the Targets are 45580/45980. 44120-45120...
IRFC Stock Analysis 20-25 is the demand Zone for IRFC Stock. Good Opportunity to buy for Midterm-Longterm Investment. If IRFC Stock Price takes Support From the Demand Zone and If we see a bounces back Price Action in Daily Time Frame, Targets on Upside are 36/43 with a Stoploss of 18.
Nifty weekly Analysis For 07-08-23. Spinning Top & Inside Candle got activated in Weekly Timeframe with this week's candle close below Last Week's Candle which is sign of Reversal of Trend. But we need confirmation and that is below 19300. If Nifty trades below 19300, ABCD gets Activated in Hourly Timeframe which is Continuation of Current Hourly Downtrend and...
Bank Nifty weekly Analysis For 31-07-23. Bank Nifty Daily trend is Bullish, but Hourly trend shifted to Bearish. Bank Nifty has given a breakdown of 45600 and Below 45600, XABCD Activated. Below 45600, Reversal of Trend and Targets on Downside are 45060/44900/44600. 45780-45900 will act as Resistance. Long only Above 45900 for Targets of 46100/46300. Verdict:...
Bank Nifty weekly Analysis For 24-07-23. Bank Nifty Trend as per Daily/Hourly Chart is Bullish(But on Dips). Above 46300, Continuation of Trend i.e Current Uptrend Will Continue and Targets are 46600/46800. Logic is Above 46300, ABCD Activates and the Target is 46810 which is act as PRZ(Potential Reversal Zone). Below 45900, Reversal of Trend and Targets on...
Reliance Stock Good Opportunity to buy near 2730-2735 for the Targets of 2800/2849. Stop Loss is Near 2720. Above 2802, ABCD Gets Activated. Risk to Reward is more than 1:4.
Nifty weekly Analysis For 17-07-23. Nifty Weekly Range --> 19450-19950. Support Zone --> 19380-19420 Nifty has given a breakout on upside above 19500 after trading in range of 200pts for more than 8 days. high Probability trade for next is on upside. If Nifty Sustains above 19600, more upside possible and targets are 19780/19880. If Nifty trades below 19450, again...
Nifty weekly Analysis For 10-07-23. Nifty Weekly Range --> 19080-19530. Support Zone --> 18980-19080 Resistance --> 19523 Nifty has given a straight move of 900 pts. We may expect some correction this Week. Important Levels for Monday trading Session are If Nifty trades Below 19300 Short. Targets 19180/19080/18980. If Nifty Sustains Above 19530, Long....
Nifty Weekly Analysis For 26-06-23. Nifty50 was in the channel Whole week and given a breakout & Close on Downside of the Channel which indicates a bearish sentiment in the Market. 18880-18920 is the Weekly Resistance. On Monday If Nifty retests the Channel and trades below 18650, more Downside Possible and Targets are 18550/18450. Below 18650, XABCD Pattern gets...
Nifty weekly Analysis For 19-06-23. Nifty Trading at ATH(All Time High). Nifty Weekly Range is 18600-19000. We can see a Trending move only when the Channel breaks on either side.
Bank Nifty weekly Analysis For 12-06-23. Bank Nifty created a Double top in daily timeframe. Bank Nifty has also given a breakout of the current upside trendline which is holding this trend since April. The 1st and High Probability trade is, If Bank Nifty Breaks 43700, we may see more Fall and Targets are 43480/42780. Logic: XABCD Activates below 43700. The 2nd...
Nifty Analysis for 05-06-23 to 09-06-23. Nifty has given a pull back for the last week's Breakout. If Nifty Sustains Above 18680, uptrend continues & Upside Targets are 18780/18900. If Nifty trades below 18450, The previous breakout is false and Nifty is back to previous range and we may see a sideways market & Downside Targets are 18300/18200.
Nifty Weekly Analysis For 29-05-23 Nifty has Given a Breakout on upside after being in a range for more than 20 days. Now there are 2 Probabilities. If Breakout is not a Fake One, On Monday If Nifty Opens Gap up or Flat , We may see some Profit booking. Now 18400-18450 will act as Important Support and we may see Bonce From the Support. Above 18450, ABCD gets...
Nifty Weekly Analysis for 22-05-23 to 26-05-23. 18400-18450 is Major Resistance For Nifty this Week. 17860-17930 is Important Support For Nifty this Week. If Nifty Sustains Above 18310, XABCD Activates & Upside Targets are 18380/18450. If Nifty trades below 18100, ABCD Activates Downside Targets are 17980/17860. Nifty might be in Range between the above Support &...
Nifty Weekly Analysis For 08-05-23 to 12-05-23 17750-17840 is Important Support Zone For Nifty This Week. 18280-18360 is Major Resistance Zone For Nifty This Week. High Probability is Nifty will be in Range between 17750-18300 (500 pts). We may see a trending move only when this Range Breaks on Either side.