rakeshreddym

rakeshreddym Updated 

Nifty key levels to watch for Friday are 24025 and 23900 24025 if sustains above long for the targets of 24100,24150,24200. 23900 if sustains below short for the targets of 23850,23800,23750,23670. Reversal areas are 23850 to 23800 area below and above 24100 to 24200 area. Watch for any rejection pattern to short or long on those levels. Educational purpose...

rakeshreddym

Nifty Support and Resistance levels for expiry. Key levels to watch:- 24100 to 24050 Long Probability :- Where nifty got break out on Dec 2nd rallied till 24800, and then again tested this area on 13th December held rallied back to 24800.look for any positive price action here since it took multiple times support at this levels. Short Probability :- On the...

rakeshreddym Updated 

Nifty been trading in very tight range this week until breakout or breakdown happens expecting this week to close in range. Key levels to watch for : 24750 and 24550 Resistance :- Above 24750 if sustains long for the targets of 24820,24850,24900 and 25k area and watch for any reversal pattern at same 24750 area to short. Support:- Below 24550 area if...

rakeshreddym Updated 

Dmart breakout of couple of trendlines which changed the bearish structure to bullish, now at support level testing the breakout area if held can long till 3960 to 4000 area ,watch for any positive candle stick pattern here to long. If support breaks Long invalid. Educational purpose only do your own research before taking entries.

rakeshreddym Updated 

IRFC break out of triangle and retesting now long opportunity at 148 and target till 155 to 160 with stop loss immediate low below 145 area.

rakeshreddym Updated 

Oil forming a rouding bottom pattern at demand zone where it previously tested this zone held and rallied back to 73 area expecting same if this 69 area voilates above sustains that 73 mark will acheive eaily. key levels to watch for 69 above and 67 below in between it will range as it is doing same as of now. A breakout above or break down below only could give...

rakeshreddym Updated 

Cyient breakout of inverse Head and Shoulder and horizontal bar resistance pattern with good volume expecting it to rally to 6 percent first target and 10 percent second target. long 1930 target levels mentioned in chart 6 and 10 percent respectively above Stop loss 1900 to 1875 depends on ones risk apetite. Educational purpose only do you own analysis before...

rakeshreddym

Nifty view for upcomming week what a firday we had rallied 500 plus points supported by IT, Pharma,Realty ,Banks and China also added to fuel up the rally ,Investors taken out money from china put into Indiana market. For the next week view both Nifty and Banknifty at and under 20 DEMA on daily front ,we are still 9 % down from recent high's 50 and 100 DEMA...

rakeshreddym Updated 

Immediate Support: 23425 to 23350 area: If this support range holds, you are suggesting a possible long trade. The targets for this long position would be: 23500 23550 23600 23670 Voilation of supports and sustains below 23200 and 23k targets will open up. Immediate Resistance: 23670 area: This level is critical. You are considering two possibilities...

rakeshreddym Updated 

Immediate support is at 50300, and immediate resistance is at 50450. If the price breaks above 50450, look for long positions with targets at 50600, 50800, and potentially up to the 51K area. On the flip side, if the price breaks below 50300, consider shorting with targets at 50100, 50000, and 49900 below. Avoid trading in the zone between 50300 and 50450, as...

rakeshreddym Updated 

Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be...

rakeshreddym Updated 

Banknifty Bias:- in range Banknifty made inside candle in both weekly time frame and daily timeframe.Levels to trade for Monday are immeadiate support is 51600 and immeadiate resistance is 51800 area. If Price sustains below 51600 area short for targets of 51450,51300,51200. if Price sustains above 51800 area long for targets of...

rakeshreddym

Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below...

rakeshreddym Updated 

Bnanknifty Bais still bearish It will range in 300 points between 52350 area above and 52k below, only a breakout of any of these can give good moves. 52350 above sustains long targets of 52500,52600,52800. 52000 below sustains short targets of 51900,51800,51600. Look for rejection on extremes of 52350 area above and 52 k area below for reversal...

rakeshreddym Updated 

Banknifty levels to trade on Wednesday 16th oct. Banknifty taking resistance from under at 20 ema and support at 50 ema in daily front. (Support 51766,Resistance 51988). Long if sustains above 52025 for targets of 52300,52450,52600,52800. Short is sustains below 51800 for targets of 51700,51550,51400,51300. watch for reversal at support,ressistance and target...

rakeshreddym Updated 

Finnifty Levels for Tuesday. Bias :-Bullish Strategy:-Support and Resistance Reversal Pattern :- Pull back to support areas. Long if susstains above 23900 for targets of 24040,24150,24340,24450. Short If sustains below 23800 for targets of 23700,23650,23550,23400. Educationla purpose only do you own analysis before taking call.

rakeshreddym Updated 

Fin Nifty Support&Resistance Levels Bias :- Bearish Strategy :- Support and Resistance. Reversal Pattern:-Pull back to resistance areas. Finnifty taking support on 100 EMA on daily front since it formed a big red candle using fibs can help to trade. Prior day candle 400 points fall. Midpoint is 23440 Area(Reverse or Breakout). Low is 23120.(Reverse or...

rakeshreddym Updated 

Banknifty S&R levels for wednesday 9th Oct Immeadiate suuport is 50900 if sustains below short for targets of 50750,50650,50500,50300. Immeadiate Resistance is 51200 if sustains above long for targets of 51350,51450,51500,51700. this support,resistance and targets can act as reversal points also please check price price on those . Reversal Area or Breakout:-...