svj_ravi

svj_ravi Updated 

22430 is a good resistance formed on 15Apr24 after a good gap down. Price tried to move up beyond this level today and failed. There had been multiple attempts to break this level today, but failed. If price doesnt gap up above 22430 and there is a good rejection at this level, we can plan to short entry with 22095 as T. Note: All Ideas shared by me are...

svj_ravi

Price made a fresh all-time high on 10Apr24 at 22775. Price however has been dropping significantly since then, to a good support area. Most of the massive orders seem to be after-market orders resulting in huge gap downs. It seems like more buyers have already entered at the support zone on 16Apr24, resulting in a spinning top (both buyers and sellers are...

svj_ravi Updated 

NIFTY has been recovering the bullish momentum and made a fresh high of 22526.6 on 11Mar24. It failed to keep higher low and closed below 21860.65. It seems to be making a Head and Shoulder pattern. I'm watching levels 22289 and 22231 for potential reversals.

svj_ravi Updated 

BNF tried to move past 46753, it failed and made a double top before testing 46546. This is a level that had previously pushed price to around 47000, however, with recent movement, it had been respecting a parallel channel formed in 15MTF. If level 46699 is not broken, we can expect a movement down, this will also fill the gap before moving to 46360. Note:...

svj_ravi Updated 

There is good resistance at 46923 and support at 46546. If price opens near 46923 and rejects, it's a good opportunity to short. T1 can be 46699. T2 can be 46546.

svj_ravi Updated 

An inverted Head and Shoulder pattern seen in BNF, 15M TimeFrame. neck line is weak, but 2nd shoulder is firmly in place. If price breaks the 3 resistances above (46700, 46850, 47000), it could make a good recovery most likely with a cup and handle formation. This recovery will most likely sustain and revert to a parallel channel in 4H TF.