Bank Nifty is trading at support around 47750 zone.
Considering the trading holiday on Wednesday 17/04/2024. BNF expiry will be tomorrow.
BNF is now in a support zone of 47750 if broken we can expect a fall till the below two support zones
Support 1 47750
Support 2 47400
If BNF moved in a uptrend, considering the globe cues take...
Fundamentals:-
Market Cap ₹ 48,596 Cr.
Current Price ₹ 1,342
Book Value ₹ 282
Graham Number ₹ 380
Stock PE 59.1
Industry PE 17.7
Dividend Yield 0.45 %
ROCE 13.5 %
ROE 11.1 %
Promoter holding 73.8 %
Pledged Promoter 0 %
Debt 5 yrs ago ₹ 7,226 Cr.
Debt 3...
💎 Paradisers, #FTM is currently exhibiting a bullish market structure, with the price approaching the Bullish Order Block (OB).
💎If #FTMUSDT displays a Change of Character (CHoCH) and Break of Structure (BOS) within this zone, we can anticipate a rise up to the next swing resistance.
💎Should the bullish OB breakdown occur without any CHoCH and BOS on the bullish...
In technical analysis, we examine historical data of an instrument to anticipate its future course of action. We all would agree that Price and volume are the primary and perhaps the purest form of data in technical analysis and that’s why some traders, including me, are always more inclined towards them. In this idea, I would like to share some of my observations...
Symbol - BANKNIFTY
BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area.
I think BN will take support at these levels & will show a reversal from here.
Hence I am creating long positions in BN futures at CMP 47335.
I will add more...
Banknifty Prediction for Tomorrow :
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BEARISH
Nifty and Banknifty both at strong Support level for BULLISH rally for new High in the upcoming days.. Sharp selling today is a correction, Expecting uptrend from tomorrow.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply...
Hello everyone! This week, GBP/USD has witnessed a slight recovery, climbing above the 1.2450 level after dropping to its lowest point in November at 1.2426 last week. The technical outlook still signals a downward trend, but easing geopolitical tensions may prolong the currency pair's recovery time.
Investors sought safe haven assets last week following reports...
How To Become a Professional Trader :
Learn the trading basics. ...
Learn the advanced basics. ...
Develop trading systems and techniques. ...
Gain trading experience. ...
Consider paper trading. ...
Choose a reliable broker. ...
Learn to focus. ...
Understand risk management.
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
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Applying Wave Analysis in Real Time & Making the Patterns Fit can lead to amazing trades, and we're here to celebrate as we've...
💎 Paradisers, #HOTUSDT has broken out of resistance, which may now act as support.
💎If #HOTUSDT demonstrates CHoCH after taking support from this level, it could signal a bullish move, possibly indicating an attempt to attract external liquidity.
💎In the event of a breakdown below this support, we may anticipate a bounce from the bullish Order Block (OB)....
Hello Guy's i have brought an idea which can be best positional trade as this stock has given breakout, i have done my analysis on daily time frame, Breakout is sustaining above the previous highs, Stock has made fresh all time high in today's session. Stock is good with good liquidity..
MACD also has given bullish crossover
Price and action suggesting a move at...
I have made few observations and Explained them here ,
One can understand the volatility will remain high in the Equity segment
Trade with care
if you any Questions then please do ask me
Thanks
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Star 📌SWING TRADE FOR NEXT WEEK🚀
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📌TRADE ANALYSIS OF CHAVDA
• Potential Breakout Chart
• IPO BASE TRADE ...
Trading CRYPTOCAP:WIF ? Here’s How to Win Big or Stay Safe
➡️ Easy Trading Tip: #WIF chart is clearly going up, making it a good choice for easy trades.
➡️ Strong Support: Rebounded from $3.20, showing strong support.
➡️ Next Goal: Staying in the channel could push us to $7 target.
➡️ Watch Out: If it drops below $3, consider exiting long positions.
➡️...
Banknifty has a solid bullish structure, so if the gap-up sustains, we can expect a minimum of 48796. It's a major resistance, so if the market reaches this level solidly, then the market may break this level with minor rejection. On the other hand, if it reaches this level with a minor pullback, then the market may retrace a minimum of 23 to 38%.
Alternatively,...
The stock has made a double bottom on it's support and bounced well.
It has broken 2 years old trendline with volume and now testing next resistance level.
If it breaks and sustains 1625 level we can expect it to maintain the bullish momentum.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
