tmvinoth3

tmvinoth3 Updated 

Hi All, Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 14-Dec-2022 to 6-Apr-2023 around 113 days there was a good falling channel pattern. It broke and achieved twice the target. The next 113 days from the previous breakout is forming beautiful rising wedge pattern. As per the pattern nature it might break below to...

tmvinoth3

Hi All, Banknifty is forming falling channel already broke and retested yesterday. 45092 will act as immediate resistance on upper side. If that breaks channel target 44550. Please consider this is for educational purposes only and consult with your financial advisor before taking any trade.

tmvinoth3

Hi All, I already posted an idea with 15 minutes. I will give reference below. If we see in 1 hour from 27 Jul this pattern is getting formed and rejected multiple times at upper trendline. If we draw inverse head & shoulder pattern touching with the trendline we can see breakout has happened already today. If this retests target is previous all time...

tmvinoth3

Hi All, Hope all are doing great. Last 3 days nifty traded in the rising channel which eventually broke today opening itself. The channel target also achieved. Exactly from there it took support and closed the day near the channel bottom. If we look closely first time gave gap up near channel bottom. Always trade carefully with proper SL because it’s your hard...

tmvinoth3

Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target. The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the...

tmvinoth3

Hello All, Hope you are doing well. Please refer my previous idea below where it hit both targets downside and took support exactly at 41300 thus forming a double bottom along with 28th Oct low. This support gave almost 300 points. If at all there is a gap-up 42000 can be hit. HDFC has solid green today and currently at resistance. Always trade carefully with...

tmvinoth3

Hello All, Hope everyone are doing great. Please find my previous related idea where I mentioned about the consolidation that was happening from Diwali 24 Oct till yesterday. Somehow that range had broken yesterday and retested today. There is no great momentum today but if market sustains this level can go higher levels. Expecting slight gapup tomorrow but...

tmvinoth3

Hello All, Hope all are doing good. We are seeing range bound market from Muhurat trading between levels 41100 and 41500. Market broke below this range 28th October but support has been taken at level 40800 and again came to same range. Market has broken above this range today but resistance at level 41600 dragged to the same range again. It’s perfect support...

tmvinoth3

Hello All, Please find my related idea below where it took support at level 39900. I just compared the structure with previous channel pattern. Same might occur again. A gap down till 39500 and followed by short covering till 40300. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for...

tmvinoth3

Hi All, Please find the related ideas below where it touched the 40400 but cannot sustain above. Expiry day might fire either side. I have given the levels in the chart. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor...

tmvinoth3

Hello All, Please find the related idea below where it breached 39700 level. We have a triangle pattern forming and 50, 200 EMA crossover. Usually EMA crossover in larger timeframe works effectively if you refer previous crossovers. Expecting to breach 40400 tomorrow Always trade carefully with proper SL because it’s your hard earned money. Please note this is...

tmvinoth3

Hello All, Please find my previous related idea below. Cup and handle is forming in 15 mins if it breaks around 150 points possible upmove. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.

tmvinoth3

Hello All, Please find the related idea below where it touched 39100. Today market has opened with +73 points and the momentum continued till 38900. After that market has range bound traded between 38700 to 38900 levels till 1:55 PM. Exactly at 2 PM 38900 level breached and it went to 39100. To summarise it market just tallied the yesterday down move. Yesterday...

tmvinoth3

Hello All, Flat opening today and followed by 150 points down. After that just consolidation only. 300~ points down exactly after 2:50 PM. Market is weak due to global markets. We can see tomorrow down momentum continuation till 38000 or gap up and upmove to 39100. Always trade carefully with proper SL because it’s your hard earned money. Please note this is...

tmvinoth3

Hello All, Nice falling channel has been forming and it’s currently at breakout stage. If it happens then it will go to 39700 and 40400 levels. Otherwise a correction will happen which might go to the lower levels 38000, 37500 and 36800. But in long term we can see good bullish momentum and will break the all time high. Please check the related idea below where...

tmvinoth3

Hello All, We can see a clear flag and pole is forming in weekly timeframe. I expected that Nifty and Banknifty both will breach their all time highs in the latest bull rally. But due to global market conditions Indian markets also affecting. Last week we saw bearish view in first 4 days but Friday rise alone tallied the entire week after RBI announced the 50...

tmvinoth3

Hello All, Please refer my previous related idea where it touched the 37700. We are seeing continuous selling but at some point it has to breath and decides next movement. Market has been ending negative even if start with good momentum. Falling channel with 2 Arcs or cycles where I have just plotted the second arc by cloning first one. If downside momentum...

tmvinoth3

Hello All, Please refer my previous related idea where both side targets have been achieved and the next targets are still open. Today BNF opened with +200 pts and profits booked sooner but overall yesterday and today structure seems like falling channel which more likely to break on upper side. Please refer the levels on chart. We are seeing selling 2500...