Wave C down in NIFTY seem to have started ...NSE:NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively.
There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.
NIFTY-NSE
ICICIBANK POTENTIAL REVERSAL AHEAD WITH THIS PATTERNICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
NIFTY50 BULLISH CHANNELNIFTY is playing inside a strong bullish channel where we witness a steady growth ever since the bullish sentiment. Price respected the previous high created on the daily timeframe. Where we might see some price action intact with the upper and lower boundaries for sometime. With a future breakout confirmation on the lower boundary, we may witness a bearish trend with a nice bearish momentum.
Bullish Breakout and Pullback: YES Bank Eyeing Daily ResistanceThe recent price movement of #YESBANK indicated a bullish breakout followed by a pullback near a significant level. It is anticipated that the price will rebound from the highlighted key level, potentially leading to a revisit of the daily resistance established between the 17-19 level.
Nifty is back on an Important Resistance, Possible Sell OffNifty has formed an ascending channel with a strong upward impulsive wave, nearing the resistance level. The identified resistance zone has shown significant selling pressure in the past, suggesting a high probability of similar price action. A bearish momentum and breakout from the channel are expected, leading to a potential retracement to the downside.
Long opportunity in ICICI BANKPositional Long Opportunity in ICICIBANK.
1. Positive RSI
2. MFI Breakout
3. 200 EMA Support Level
4. Will retest psychological level of 900 before exiting the 800 range on the downside
5. Price trying to make a HUGE HEAD AND SHOULDER pattern. Currently developing the right shoulder.
BANKNIFTY INTRADAY SHORT and OVERNIGHT LONG SCENARIOS2 possible trades.
1. Intraday short trade on 20 Jan 2023.
Bearish sentiment
Will retest key support level of 40900
Price has just been rejected from 22 EMA on Daily TF
Price will try to approach 200 EMA on Daily TF
2. Overnight long trade on 21 Jan 2023.
Key resistance trendline break
Will try to break through 42000. Conservative target around 41850.
Price will crossover 22 EMA on Daily TF once it gives a daily closing above 41500
Breakout in LT Infotech Breakout in LT Infotech on weekly charts of the w-pattern stock is above 200 days above moving average now it is ready for 5500.
Buy in the zones of 5000-5100 with stop loss of 4940 .
COMPUTER AGE MNGT SER LTDCAMS is forming a good pattern, there is a good accumulation happening at current levels.
CAMS is Bearish Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Finance
Industry: Regional Banks
PVR Stock touch the support are and make green candle ,may it bounce from support area keep on redar..
8 banknifty analysis the pridiction is for trending market for 8 augest monday banknifty
the pridiction is on the basis of side ways trending
rising trendline and resistance line creates a rising tirangle .
which indicates the deamnd will increase near resistance line .
if the deamnd is more than the suppy then we can expect a good momentum break out for call option with momentum
and same case goes for down trend vice versa ..
t1 and t2 are round level if it breaches the area of t2 and t1 then we can expect a good down trend market ..
HDFC BANK LongIndian private bank king is ready to make an impulse in the long direction be in the trend for the rewards
1 Week time frame
Factors which im considering
1) RSI divergence
2) Piercing candle in the support of 50 sma
3) Support in 50 sma
1 Day time frame
It has taken good support in 1 day time frame of 50,100 sma( simple moving average)
reversal pattern in 1 day time frames
4HRS TF
It is forming a bullish correction and continuation pattern along with the support of sma (50,100,200)