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...
Indian 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...
#NIFTY (Exited: Trendline, Entered: Bullish) #Daily #Technical Analysis #crevixtrader
Inverse head and shoulder formation in NSE:MINDTREE . IT is expected to do well on back of good results. Hourly close above 4950 with good volumes would indicate a breakout from neckline. As per the height of formation, it could be a 10-12% move. Keep an eye!
NSE:ESCORTS has been trying to breakout of a 2 month long consolidation. Once it does, it might give a quick 10% move which is equivalent to the height of consolidation. Keep an eye!
It looks like forming triangle in B wave and will continue C wave down soon after breaking below 1407 level. The 1563 is the level of invalidation. and target will be between 1090-1000. Share you comments, if you are agree or not ?
Look at the marked areas, This zone has sent Nifty down twice, now nifty is at the same point what what does the price action says here, See carefully the change in volume , last two times all red bars but not now , also some good green candles have built up.near supply zone which says that it is no more a strong resistance zone. The price action says Nifty is...
It completed the impulse 5th wave as discussed in previous update. The drop was more like a wave A impulse, so any three wave bounce will be a short sell trading opportunity for C wave as ABC zigzag down as far as price remains below 3180.
It is in sideways flat correction, where C wave is in progress. The 2nd subwave is bouncing and go higher before it starts 3rd subwave down towards 900 level. The 1053 level is invalidation level for the set up.
It seems like the 5th wave ending diagonal is finished or may take little time to finish. It will go bearish below 1461 level and expected to go up to 1350-1250 zone.
Along with post covid unlock IRCTC is poised for an upmove
#banknifty analysis for 2nd July'2021 Price has closed below 20 DMA (34,968) after a long time and 100 DMA is 34,337 is the next support line. 1. Fresh longs only above 35,000. 2. 34,350 areas should work as support. 3. Any violation of swing low of 33,908 might force liquidation of long positions, which gives a target of 31,00 on downsize. 4. Index is moving...
#banknifty analysis for 30th June'2021 Decision Line: - 35,045 (above +ve & below -ve) Decision Points :- Important reaction points, which price reacting to movements are 34,653 / 34,874/ 35,095 / 35,410 / 35,647 / 35,810 E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't. John Maynard Keynes...
Well as we can see in the chart banknifty has created an uptrend channel in the smaller timeframe. Banknifty recently went past its major 34300 resistance and broke its major 1D trendline. After that we've seen it in a slow but trending uptrend. According to my count banknifty still has space until 36100-200 (minor 5th and major 3rd) assuming there are no...
AVANTIFEEDS is looking strong, on the verge of BO of 3 yr long trendline. - Trending stock in daily Timeframe - Weekly RSI levels have crossed 60 - One can see Ascending Triangle Formation as well on the chart. All the key levels are mentioned in the chart. One can go long here or in dips around 520-550 levels with SL 465 WCB
#banknifty analysis for 26th April:- Decision Zone:- 31,366 - 31,565 Resistance Zone:- 32,325 - 32,560 Support Zone :- 30,405 - 30,555 Big panic fall is only below 30,400 & panic buy above 32,560 The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels. How to trade? Play the range of (Resistance...