BANKNIFTY POSSIBLE REVERSALWe are clearly forming higher high and higher low on weekly so we are clearly bullish on weely .but in daily we are in correction phase as we appoarched our demand area we formed bullish harmi candlestick pattern which is a reversal pattern.also we have rsi diping below 40 and then closing above 40 which is also a bullish sign also we are in lower band of bb .also in weekly timeframe we are rejecting of 61% area. so we can expect rise in price.
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Welspunind Analaysis For long term Wait for buy level @95 And after all 3 targets either book or start trailing your Stop loss
Market Recap and levels to watch for the coming sessionsMorning Jumpstart 25-01-22
US Bounced bark hard from a weak open after trapping and squeezing some sellers. Bargain hunters were out in force expecting that the selloff is over and its time to buy the Dip. I feel that we may have seen the highs put in place and may expect a further unwind of bulls as inflation and interest rate rises kick in. More in the video....
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Could be a slippery slide lower on the ASXThe ASX200 is under pressure as price falls into the weekend on stock market meltdown fears. US rate rises and inflation, along with other concerns, are weighing on bullish sentiment and testing the patients of buyers. Is this the calm before the inevitable storm?
To me, the 7175 level is the line in the sand after the recent RTF (Double Top) at 7625, and buyers will need to hold the line if we are to see higher prices. Price has extended into the level so may see a bounce on some bargain hunting in coming sessions although this will largely depend on how the US performs tonight.
US bonds are pointing to four rate rises this year which is more than expected and pressuring markets. There are some saying that the US Fed has made a mess of easing and have left it too late to contain inflation so will be chasing with faster tightening. If this is the case, I do not see traders wanting to add risk to portfolios or Funds willing to support price...so now is the time I am happy to be cautious hence the recent short on the ASX200 CFD.
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Market Recap and levels to watch for the coming sessionUS markets saw a late session beating to push prices sharply lower into the close and continue the recent selloff. Watch the video for a more detailed breakdown on my Macro picture and key levels I am watching in major markets.
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BUY SHRIRAM TRANSPORT FINANCE IN PROPER DEMAND ZONEBUY SHRIRAM TRASNSPORT FINANCE
Buy=1330
SL=1270
Target=1470
In daily and weekly demand zone
Must buy
BANK NIFTY BUYSIDE 23-09-2021 PriceactnHi I'm Sandeep Deb Price Action Trader. I'm sharing some of my tomorrow setup for a BNF.
Tomorrow we can see an aggressive buying above 37120 , aggressive traders can buy above 37050 and safe traders can buy above 37120 with Stop loss @36880
REASON AND SETUP FOR BUYING GIVEN BELOW:
1) In 15min TF we can see down trend and now this trend is going to end or getting weak with confirmation of downtrend rejection, after 5 rejection somewhere there is a high expectation to see for uptrend.
2) 5rejections in downtrend.
3) Cup N Handle pattern.
4) Fib Retracement taking support around 36880.