Today we have a gravestone doji candle, which has been formed after a move of 23%. Also the price is in a compression zone. The price could test the support level S1-122 and if broken then S2-110.45 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is trading in the compression zone or in the neutral zone. For intraday the levels of S1-122 and R1-130 are important to watch. Above 130 - Uptrend Below 122 - Downtrend. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is trading near all time high levels. The degree and nature of separation in both bands indicates that we are in a strong uptrend. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
After a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels. The EMA bands are also indicating for a trend reversal. Thanks Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
After a strong hammer candle from the low, the price has formed a three soldiers pattern. Also the price has given the breakout of the LTMA band. CMP:1,431.50 R1-1,531.45 S1-1,350.90 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Weekly Chart Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
This week the price has rebounded from the lower levels very well but there is a divergence pattern formed. The price could consolidate at these levels or it may be correct. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Recently we had a divergence pattern. Also the RSI is declined below the level of 60. All these indicate the price could consolidate at these levels or it may correct. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an indecisive candle, but the price has managed to close in the positive zone. The price could test its supply Zone but on the downside we are at higher risk. Technically we are in no trade zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is rejected by the LTMA band. The probability of a red candle is high, more than 60% on the probability scale. The level of 120.75 is important to consider for tomorrow's intraday trade. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is strongly rejected by the LTMA band. Also the formation of an Inverted Hammer Candle in the negative zone indicates a down move. The price could test the levels of 565 and if broken then 535. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
The price is showing signs of reversal near its recent swing-low. Also, the degree and nature of separation in both bands indicates a start of compression. CMP - 2,265.55 R1 - 2,280.00 S1 - 2,182.00 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an indecisive candle with a high of 1,514,20. The price has made a triple top pattern. Tomorrow's candle will clear whether the price has respected the pattern or not. Trade accordingly. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY (22,620) is currently in a negative trend. The probability of a negative move is very high. Short positions can be held with daily closing stoploss of 22,705. A positive trend will be started if Nifty closes above 22,705. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
There are two main levels to watch one is S1-120.75 and the other is R1-131.55 And today the price has managed to close above the S1. Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Keep an eye on the demand zone with levels from 170 to 175. The price could be re-bounced from these levels. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Keep an eye on the demand zone 21,000 to 21,300. We also have a strong divergence on the Weekly chart.
Today's huge red candle has changed the structure dynamically. The next important level to watch is the demand zone of 95 to 100. But for sure we could see high volatility until the price has not settled down. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.