What patterns you are seeing in bank nifty today and how to trade on it? Note : Develop flexibility and adapt market movement to be a profitable trader. I post analysis daily on indexes.
Price is consolidating within a triangle. Can go long when price breaks the consolidation with volume. Buy above 154 with the stop loss of 148. Targets are 162, 170 and 178. Note : Consult your financial advisor before investing.
Price has broken the resistance, went up and now price is having a pull back. Its buy on dips above 144 with the stop loss of 140 for the targets 154, 160, 168 and 174. Note : Consult your financial advisor before investing.
Price is near the support zone 78 - 82. Buy above 80 with the stop loss of 75. Targets are 88,94,102 and 110. Note : Consult your financial advisor before investing.
Price is at support. Buy above 100 with the stop loss of 95. Targets are 108, 113 and 120. Wait for the price to test the support zone at 100 then take entry. Note : Consult your financial advisor before investing.
Price is trending within an upward channel. Bullish if it sustains 18000 - 18020 with stop 17990 for the targets 18060, 18120, 18160 and 18200. Bearish below 17960 with the stop 17990 for the targets 17920, 17880 and 17820. Note : Develop flexibility and adapt market movement to be a profitable trader.
Price has broken the resistance 110 - 116 with volume and sustaining. Its buy on dips above 120 with the stop loss of 112 for the targets 134, 148 and 162. Note : Note : Consult your financial advisor before investing.
Two ranges has formed ie range within range. And what will happen after consolidation? A good movement. If price gap up and sustain above 41480 - 41520 with the stop 41460, we can go long for the targets 41580, 41700, 41820, 41940 and 42020. On the other hand if price is unable to break 41500 the again we can expect a range movement.
Tomorrow's trading plan for ICICI bank. Plan for both buying side, selling side and the trade set up found in it.
In one hr chart price is taking support at the trendline. Sustaining 17820 - 17850 will make the price to move towards 17940, 18010, 18080, 18140 and 18200. Bearish below 17780 for the targets 17720, 17660, 17600, 17540 and 17480. Daily chart shows price is at the support of upper trendline of the upward channel which is a bullish sign. Develop flexibilty and...
Price is trending within the range 40000 to 41200. As the price is at support now, can buy above 40120 if price sustains 40040 for the targets 40280, 40420, 40600, 40820, 41020, 41200, 41360,41540 and 41720. Bearish below 39980 if it is unable to sustain 40040 for the targets 39880, 39720, 39600, 39440, 39220, 39040, 38880 and 38700.
Price is consolidating in a range. Plan A : Buying in dips above 385 with the stop loss of 375 for the targets 406, 424, 450 and 464. Plan B : Wait till the price breaks 400 with volume and take entry with the stop loss of 490 for the targets 416, 424, 450, 464 and 478. Note : Consult your financial advisor before investing.
Query 1 I have bought nifty 17750 CE 27th October @ 158 and when market fall, I again bought it @ 48. Can I hold till the month end? Query 2 : I shorted nifty @ 17200, but market is moving up. Can I carry forward my position as I expect market to fall from 18,000. Answer for query 1 : Option value erode each and every day. Even though the market went up, the...
Near by support is seen at 17000 - 17040 for the targets 17120, 17200, 17280, 17360 and 17420. If price breaks the support and falls below the upper trend line of the down ward channel, then it will move towards 16920, 16860, 16820, 16760 and 16640. Develop flexibility to accept the market movement.
Double top resistance is at 39560 - 39640. Support is seen at 38460 - 38540 zone. Plan A : If price take support at 38500 zone then it will move towards 38720,38860,39040, 39200,39380 and 39520. Plan B : Sustaining 39600 zone, price will move to 39740, 39920 and we can expect resistance at 39980 - 40060 level. Plan C : Facing resistance at 39500 zone price may...
Price is trending up, taking the support of the trendline and it has formed a rounding bottom in weekly chart. There are two possiblities. Plan A : Price may sustain 58 - 62 with volume and move to 68,74 and 80. Or it may form a handle,retest the trend line and then from trend line support, will move upside. If the handle formation is bearish and break the trend...
Price action is trending in a downside channel. Also it has formed a range 16950 – 17120. Choppy movement is expected if price stays within the range and channel. If price sustains above 17210, it will move towards 17240, 17290 and 17320. If it stays below 17090 – 17120, then it will move towards 17060,17020 and 16980. Note : Price moving inside a channel has...