TripuraInvescorp

TripuraInvescorp

Hello Everyone, As we know on 1st of February, Union Budget is going to be announced. After that there will be a major reshuffle in the stock portfolios of the FIIs. Beside this Banking Sector is always on the top priority. So here we will discuss the major Support and Resistance Levels which if breaks could give a one sided momentum. So, basically we have seen...

TripuraInvescorp Updated 

Hello everyone, As we see in last trading session Niftybank shows downward momentum loosing 500points and taking support at our marked trendline. If it breaks the trendline,then we can expects it's initial support at 43400 level while if it begins to show upward momentum then most probability is that it will touch near 45000 Resistance level . However, there...

TripuraInvescorp Updated 

TODAY, MCON had its second trading day and it has show a good upward movement depicting the buyers interest with good pump in its volume ans well as trade from both sides. So it's not too late to bet on this stock to take trade and get good profit. For this trade our stoploss will be the low of the last candle on a daily timeframe. Hope this help you to get this...

TripuraInvescorp

Good evening everyone, Nifty bank on a weekly chart takes resistance at 43900 level. Now, it's time for bullish if market sustains above this level then target will be 46200 which is approximately all time high. Hope it will be to the point till the end of this month October'23. Thanks #niftybank

TripuraInvescorp

Nifty bank has been moving positively from last 3 days and today also it gives a gap up opening and was perfectly consolidating for the 2/3 day but after it was near market closing time started to move downwards as if selling has been done on a large scale. Although it sustained above it's days low and perfectly ended with a Doji formation on a Daily- timeframe...

TripuraInvescorp

Most of the price action views for a stock are reliable and here on the chart of Wipro; formation of Triple Bottom Pattern clearly depicting a new signal and will provide a good opportunity after its reversal from price of 377. Whereas new orders will arise at 400 witha target of 60points and the booton of the pattern will be a stoploss for the trade. Thank...

TripuraInvescorp

Hello Everyone, Today Nifty Bank was trading in a very tight range in the morning session. After than it breaks its support of 41350 and fall unto 41100 after that it tried to rise and breaks its support line of 41350 and move 200++ pts up and hence, ended the market in green. In this whole fluctuation of today's market over view is set to be bullish for next...

TripuraInvescorp

Adani Enterprises looks pretty good on a daily timeframe basis forming a Hammer pattern which is signalling a U-turn in a downtrend. Beside this, another noticing point is that on a daily timeframe, 50EMA is going to cross 100EMA which creates quiet confusion. However, we could not determine whether it will show a more down move or an up move. This will be clear...

TripuraInvescorp

Niftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach) Some noticing points that I want to clarify are: Nifty bank is consolidating in a fix range which after its range breakout will...

TripuraInvescorp

Nifty bank was dragged from today's high of 41900 to near 40400 level forming 3 black crows pattern which is clearly spotted under 30 minutes timeframe after that Hammer pattern is formed but it is not forming at the bottom of the trend. So we can't precisely conclude that it will show a positive momentum but still we can hope for that in tomorrow gap up...

TripuraInvescorp Updated 

Today NIFTYBANK traded in a choppy zone. It stops trade at 42300. Moreover volatility in Indian Stock Market today was low. In a shorter timeframe NiftyBank is forming a flag pattern this may depict a small bounce towards 42900 keeping our stoploss cost-to-cost. However, it is still in its bearish mode watching past weeks data which shows its support near...

TripuraInvescorp Updated 

Niftybank was in consolidation zone from last 2 days between 42200-41850. It was the sign where major chunks of old positions were booked and from today onwards new position for next expiry are buildup and in a view of chart we could depict that a W-pattern is under formation which shows its immediate resistance near 42700(+/- 50). Usually we try to give...

TripuraInvescorp Updated 

Today a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and...

TripuraInvescorp Updated 

As we can see Nifty Bank is forming a 3 black soldier pattern on a daily timeframe showing support at 42000. The downward trend will continue as per the formation of next candle on 9th Jan. Before that it seems the market will hold its bearish trend which will go upto 41500. But if it forms a Doji Pattern on next candle then there will me a massive reversal in...

TripuraInvescorp Updated 

It will reach near 160 in a week. Keep SL @ 128. The stock is rising with good volumes. It has been rising continuously for 3 days with that volume is also increasing. I think some big traders are also buying it for short term. Buy and set SL as per your R:R. THANK YOU.

TripuraInvescorp Updated 

After a big fall Nifty 50 Index started trending towards north. And today it make a flag pattern on 5 and 15 minutes timeframe. This makes a possibility for it to further trend towards north. So, on next trading day it could possibly touch 16900 and might cross 17000. However if it crosses below 16580-50 then there is a sure shot possibility to short nifty to...