thetradeforecast

thetradeforecast

The NIFTY 50 is showing signs of indecision as it trades near critical resistance and support levels. Will the index break out of its consolidation or head for a deeper correction? Key Points: 1. Resistance Zones: - 23,605.30 - 23,550.00 - 23,498.70 - 23,444.95 - 23,383.25 - 23,322.75 2. Support Levels: - 23,259.75 -...

thetradeforecast

The NIFTY 50 is approaching a crucial technical zone, hinting at a potential reversal with a double bottom formation in play. Will the bulls seize this opportunity to rally, or will the bears maintain their grip? Key Points: 1. Resistance Zones: - 23,758.05 - 23,647.05 - 23,570.60 - 23,458.50 2. Support Levels: - 23,268.75 -...

thetradeforecast

Dow Jones is testing critical levels as it approaches a descending trendline. With strong support below and bullish momentum building, the question remains—will it break out for a rally or face resistance again? Key levels: 1. Resistance Zones: - 43,400.00 - 43,346.03 - 43,063.60 2. Support Levels: - 42,815.04 - 42,450.00 -...

thetradeforecast

NIFTY BANK remains trapped in a falling channel, with key support and resistance levels coming into play. As the price consolidates, traders are watching closely for signs of a breakout or further downside movement. Key Points: 1. Resistance Zones: - 50,926.75 - 50,689.45 - 50,444.40 - 50,204.15 2. Support Levels: - 49,957.80 ...

thetradeforecast

NIFTY 50 index is consolidating after a sharp decline, trading within a narrow range. While the overall trend leans bearish, there’s potential for a breakout on either side depending on market momentum. What’s Happening? Resistance Zones: 23,752-23,800: This is a strong supply zone, marked by repeated rejections. Bulls need to push through this level to spark...

thetradeforecast

NSE:BANKNIFTY1! NSE:BANKNIFTY Understand the chart, observe the analysis, implement while trading: Key Observations: 1. Trendlines: - Resistance Trendline: A descending trendline (sloping down) marks the area where the price faces selling pressure. This indicates a pattern of lower highs. - Support Trendline: An upward-sloping trendline beneath the...

thetradeforecast

NSE:NIFTY Understand the chart, observe the chart, implement according to this : 1. Support and Resistance Zones: - Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90). - "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75...

thetradeforecast

NSE:BANKNIFTY NSE:BANKNIFTY1! This chart represents the Bank Nifty index on an hourly timeframe. It provides a technical analysis of price movements with a focus on key levels and trends. 1. Key Levels: The chart highlights resistance levels such as 52,811.25 and 53,117.75, where the price may face selling pressure. • Support levels like 52,308.55...

thetradeforecast

NSE:BANKNIFTY This chart shows an analysis of the Nifty Bank Index on a I-hour time frame, highlighting potential market moves: Resistance Levels: • Key resistance zones are marked at 52,411, 52,671, and 52,904. These are areas where the price may struggle to move higher as sellers could step in. 2. Support Levels: The chart shows strong support at...

thetradeforecast

MCX:NATURALGAS1! This chart shows an analysis of Natural Gas Futures and gives us an idea of where the price might go next: 1. Resistance Zones: There are areas around 283 and 287.5 where the price struggled to go higher in the past. These are levels where sellers might come in again. 2. Support Zones: The price has strong support at 271 and 267.4, which...

thetradeforecast

NSE:NIFTY This chart represents a technical analysis of the Nifty 50 Index in the I-hour time frame, showing key phases and levels that traders monitor for decision-making. Here's the explanation in simpler terms: 1. Accumulation Zone: This is the area marked in the first shaded box where the price is moving sideways within a range (between support and...

thetradeforecast

NSE:ANGELONE Key Points: Trends: Two trendlines are plotted: Upward trendline (dotted line): Displays the earlier uptrend in the stock's graph (higher lows). Downward trendline (descending resistance): indicates the resistance level that forms when the stock starts to drop from its recent highs. Important Information: Support Level at ₹2701.45: This flat...

thetradeforecast

NSE:NIFTY Understand the chart, observe the chart, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest...

thetradeforecast

NSE:BANKNIFTY Observe the chart, understand the chart, then implement the chart. Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where...

thetradeforecast

NSE:BANKNIFTY Observe the chart, understand the chart, then implement according to the chart. Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price...

thetradeforecast

NSE:NIFTY Observe first, then understand, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is...

thetradeforecast

NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing...

thetradeforecast

NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing...