This is hourly analysis of NSE:BANKNIFTY I have mentioned all the important level on chart.
This is NSE:NIFTY analysis on hourly chart. I have mentioned all the important levels on the chart.
The stock is trading within a triangle pattern on monthly chart. The high is tasted multiple time and chances are high to breakout near future. Immediate resistance is placed at 1733. I have mentioned all the important levels in the chart. Like, Follow and Share.
The script made a double bottom pattern on weekly chart near important support zone. I am expecting an up move from here onwards.
On weekly time frame the stock is trading within 300 points range from so many weeks. Crucial support is placed at 1350, Breaking below the support can trigger strong selling pressure and potential down move will be approx 300 points in coming weeks.
The stock is making a bullish pattern on weekly chart. Current level is good to accumulate long position. Potential up move till previous swing is possible.
On the weekly time frame then stock is making hanging man pattern from last 2 weeks which is a negative sign of price action. I am looking for correcting in the script till 2051 that will be value buying zone. Closing above 2400 on weekly basis will open up more up side target.
Nifty is trading near breakout zone. Breaking above 17700 can lead this strong up trend till 18100. On the flip side 17500 will act as a strong support zone.
How to trade NSE:NIFTY on weekly timeframe. I have shared the best possible price action for coming week. Go through the video and let me know in the comments what do you think above next week trend. Thanks
The index is rangebound in wider range from last 8 days. The range is wider and need to break either side to get a proper direction.
I have mentioned all the important levels for near future.
I have mentioned all the important support and resistance in the chart. Strong support is placed at 17530. Strong resistance is placed at 17800.
This is retest indicator that I have customised. Blue line works as dynamic support and resistance and market likely to bounce and fall every single time as soon as any candle reach to the line.
The index is trading within 1000 points range. Breaking above 43050 will create short covering momentum. On the flip side 41800 is important support.
I have mentioned all the important levels in the chart based on simple support and resistance.
I have mentioned all the important levels for expiry. Breakout of any level will give 120 to 150 points move.
The index is trading within a down channel. During intrday Nifty gave a sharp recovery from day's low and closed mildly in red. For the day I am expecting an upmove above 17850 with maximum potential target of 18008. On the flip side breaking below 17650 till create intraday selling pressure.
The index is making higher lows formation. Today the entire time it was trading within a range. I have mentioned important price action in the chart