this is the hourly chart of icici bank futures there was a strong supply zone made on the 21st of December (marked) and it was respected this morning when the markets corrected as well. it also does resemble the bullish double bottom pattern and it happening in the hourly timeframe could be a strong signal. I connected the dots to find that the chart might be...
*Educational purpose only | I am not a SEBI registered professional and I am not trying to give trading calls! Daily chart of Nifty Future 1. The chart is clearly in a downtrend and the candles are not being able cross the trendline above. Candles touched the resistance, the upper trendline line on the 24th of December but couldn’t break it. 2. A strong support...
*educational purpose only This is the 4h chart of Nifty futures. I use 1h, 4h and daily timeframe for safety of my trades. The chart is clearly in a downtrend. The candles are resisting the vwma indicator. The volume bars are decreasing in size. I don't think that this is the time to be over-optimistic yet. Support at 16430 levels Resistance at 17300 levels
*for education purpose only daily chart of bank nifty futures it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone. markets are opening with a big gap today but doesn't look like it will cross above 37150.00 zone and sustain there. I will not be changing my view of 1. sell on...
*for education purpose only daily chart of nifty futures it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone. markets are opening with a big gap today but doesn't look like it will cross above 17300 zone and sustain there. I will not be changing my view of 1. sell on rise &...
*Daily chart of bank nifty futures* Fresh selling in MACD and Histogram The last candle being made looks like a sell zone No strong support before 33484.95 The gap in the support zone, 33276.30 to 33484.95 is very uncomfortable stay away or trade in options only!
*educational purpose only! #BHEL is clearly range bound since 11th Nov. 59 / 60 zone looks like a perfect zone to enter long #Trade positions with SL below 57.60 for #targets of 65+
*for educational purpose only! *all levels derived from the daily chart of Concor futures CMP:- 626.10 Supports:- 619.50 / 582.95 Resistance:- 646.5 / 694 Simple idea could be Buy above 619.50 for targets of 646.50 & 694.00 Sell below 619.50 for target of 582.95 619.50 looks like a good support here.
Hourly chart of bank nifty futures *for educational purpose only it looks like an inside bar to me. is this a sign of a bullish reversal now? CMP:- 35749.05
*FOR EDUCATIONAL PURPOSE ONLY!* *CHARTS ANALYSED USING 9 AND 21 MOVING AVERAGES, MACD AND HISTOGRAM ONLY! BANK NIFTY FUTURES DAILY CHART Moving Averages (9 & 21) are in a bearish trend, and I don’t see the required strength to be confident that a bullish reversal is on the way yet, but MACD and Histogram are giving signals of a bullish reversal. We can buy once...
*FOR EDUCATIONAL PURPOSE ONLY!* *CHARTS ANALYSED USING 9 AND 21 MOVING AVERAGES, MACD AND HISTOGRAM ONLY! NIFTY 50 (SPOT) DAILY CHART There was an attempt to a reversal but frankly, I am not confident as the histogram and MACD still look weak. Moving Averages (9 & 21) are in a bearish trend, and I don’t see the required strength to be confident that a bullish...
Bank Nifty Daily charts show no hope of recovery. In fact, the daily charts have just gotten into a bearish cross over in the EMA along with the MACD and its' histogram. Hourly charts on the other hand give me some hope. MACD and histogram have given the initial bullish reversal pattern. RSI is in an up-trend too. The confirmation would be when the EMAs give us...
Nifty Futures Daily charts (using line format for projection) It clearly looks like a bullish flag continuation pattern to me. I would say, it is risky but still looks like a good buy at this level!
Jindal Steel & Pwr futures CMP:- 403.35 Trading SL below:- 379.00 Target above:- 472.00 Daily chart shows a clear Bullish Harami Candle which is considered to be a strong bullish reversal signal.
Bank of Baroda Futures CMP:- 101.85 SL below:- 91.45 Targets above:- 115.00 Clear uptrend Looks like a bullish reversal Last candle took support on 20 EMA and bounced back which can be a show of strength. RSI too gives a little confidence as it is above 50 and we do see a reversal there too.
Pidilite Industrie Future CMP:- 2482.50 SL Below:- 2361.25 Targets above:- 2569.00 A strong bullish daily candle which does resemble a Bullish Engulfing pattern. The candle has stood strong above the 20 EMA which acts as a support here. RSI has a sharp bullish reversal and has breached the 50 level.
Mphasis Futures CMP:- 3364.00 Trading SL below:- 3300.00 Target:- 3450.00+ There is a clear bullish reversal from the candles as well as RSI.
Tata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes. Tata Steel futures CMP:- 1303.00 SL below:- 1280.00 Targets: 1375.00 / 1400.00+ Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really...