rakeshreddym

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Banknifty tading in a range of 1100 points since past 14 days showing some strength to go above of that range but somehow finding sellers on the highs. Immeadiate resistance is 50450 if sustains above long for targets of 50600,50750,50800,51000 Immeadiate support is 50300 if sustains below short for the targets of 50075,49940,49800. Note:- Support and Resistance...

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Oil forming and inverse head shoulder pattern only valid if this trendline support helds on 76.50 area. if it takes support and continues with pattern oil might see 80 and 82 even 84 with head length again, keep on eye on current levels for breakdown or rejection to upside. On lowerside if voilates trendline support 76 to 73 can be see below.

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Banknifty Nifty support and resistance levels for monday to trade with. Immeadiate resistance is 50780-50800 area and immeadiate support is 50300 area. Either one can wait for the price to test suppport area look for rejection to go long else short.Same for long on if resistance breaks out and sustains long , upon rejection at resistance 50800 area short to...

rakeshreddym

Two weekly identical candles formed in banknifty one closed red and other one with green but ended up closing on same area,comment below if you know the pattern.

rakeshreddym

BankNifty Support and Resistance levels to look and trade on friday are immeadiate resistance if 49800 above sustains above long for targets of 50050,50230,50300,50400,50600. Immeadiate support if 49600 below sustains below short for targets of 49400,49250,49100,49000. Mentioned support and resistance including target areas can act as reversals please check...

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NIfty since past 5 or 6 days if one observes daily candles bearish pressure seen only gap up was there to cheer bulls in between ,other than that nifty still looking weak. Immeadiate support is 24100 if sustains below short targets for 24035,23975,23900,23850. Immeadiate resistance is 24180 if sustains above long targets of 24225,24280,24300,24350.

rakeshreddym Updated 

Nifty Support and Resistance levels for friday, today Thursday it opened gaped up did not sustained above and back to resting on 25 k area , this 25k could be trend deciding levels for comming days.Since 3 days Nifty is in contraction mode Friday could the day of either sides rally expecting.which ever side it sustains it can be a good move in my view. Suppport...

rakeshreddym

Euqitas Small Finance bank at 1 year low any good green candle on daily time frame can long this stock for target of 100.110,120,130 for shorterm and keep stop loss of 8 to 10 ruppes below from entry long.

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Nifty Support and Resistance levels trend still bullish as per pattern, but struggling to go above 25k mark ,in 15 mins time frame it made a tripple top pattern on highs. immeadiate resistance is 25 k and immeadiate support is 24850 area. If price sustains above 25k long for the targets of 25075,25100,25150,25200 if price sustains below 24850 short for the...

rakeshreddym Updated 

Banknifty is in rising wedge formation as we look at current levels it is at low of the channel 52400 area acting as support in case of this support voliates invalidation of channel and below levels can be tested 52200,52000,51800. In case held at support area it will continue with pattern making prices to check higher levels with minor resistance at 52800 area...

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Nifty is rising with no signs of retracing every small dips being bought out but carefull on higher side going long as it is in uncharted land a reverse can trigger end of month profit booking may happen. support are 23820,23750 area Resistance are 23900 dip to support areas wait for positive price aciton then can long and breakout of resistance long and trail...

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US oil US oil remains in a bearish trend below $77.40, with the 1-hour timeframe showing a swing that created a lower low, reinforcing the downward momentum. Immediate support is identified at $74, with a weaker support level around $75. Turning points support to watch are $75.50 and $74.10, while resistances are at $76.50 and $77.40. A change of character to...

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NiftyBank For trading Bank Nifty on Monday, focus on the immediate support level at the 49650 area. If the price falls below this level, look for potential targets at 49450, 49300, and 49200. On the upside, the resistance zone lies between 49950 and 50000. A breakout above this resistance could lead to targets at 50100, 50250, 50350, and 50500. Pay close...

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Banknifty is making a each 15 minute candle like a daily candles with such big candle risk factor will increases more on trading.Trade with caution risk management, position sizing is important on these volatile days . Support 48800 Below if sustains short targets of 48600,48500,48400,48200. Resistane 49150 above if sustains long targets of 49300,49500,49650,49800,50k.

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Bitcoin Market Analysis: A Glimpse into the Week Ahead Bitcoin's Ascending Path: EMA Strategy Insights As we step into a new trading week, Bitcoin is making headlines once again, hovering at a significant resistance level. Traders and analysts are keenly observing this price action, given its historical context of selling pressure at this zone. However, this...

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Banknifty support and resistance levels to trade on wednesday, if you look at 15 chart trend is bearish only above 49350 if price sustains bullish view can be consider until then sell on rise applies . support :- 49050 reistance:-49380 upside targets 49450,49600,49700. downside target 48800,48600,48550.

rakeshreddym Updated 

Current Scenario Resistance Levels: 2440: Gold has faced rejections around this area previously, indicating a strong resistance level. Traders should be cautious about going long near this level unless there is a decisive breakout. 2450: A major resistance level. If the price breaks and sustains above this level, it could trigger a significant...

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Recent developments in the US oil market have sparked optimism among analysts, as prices appear to be finding solid support on a macro trendline when viewed on a weekly timeframe. This suggests that after a period of volatility, oil might be gearing up for upmove.It might check the levels to upside from here with targets of 80,82,84 above.