datta_kota

datta_kota

Here are the important support and resistance zones and patterns that are formed during the uptrend . This is for education purpose only,

datta_kota

After the clear breakdown from the triangle pattern, it retested the support level 35900-35850 and took a bearish move. Now it formed a flag pattern, upside view : if the flag resistance's trend line is broken upside with good volume candle then we can see a bullish momentum. downside view : if it continues to move downwards, if can respect previous swing...

datta_kota

These are my views on banknifty, do let me know your thoughts!!!

datta_kota

in daily time frame it formed a bull expanding triangle, it made a break out with good volume and testing the trend line . we can expect a bullish move if it continue to break the swing high This is for education purpose only, consider this as a view. Do your analysis before you take your trade. Do let me know your ideas!! :-)

datta_kota

got a good breakout after breaking the bullish flag pattern in daily time frame in long term view i.e in weekly timeframe it form bearish flag, but overall looks like it can touch the swing high Do let me know your thoughts!!!

datta_kota

As expected in the pre-market analysis on 21/10/21, after the triangle pattern breakout the resistance has been broken and its a clear breakout today trade plan, CPR logic : Today's cpr is wide, so if the 1st 5mint candle opens in cpr it will be sideways, if gap-up happens and opens in between PDH and R1 then we can see a good uptrend Resistance : we can consider...

datta_kota

Here are my views regarding the trend, based on the fib retracement, 0.236 acted as good support, if 45 mints candle breaks the upside(yellow line) then there could a good upward moment if the breakdown happens and 0.236 is broken then we can expect downfall moment and if will take support at 0.382 level. Do let me know your thoughts around it!

datta_kota

As discussed earlier in the pre-market analysis banknifty made the downward movement and respected the trendlines, here are the important factors candles respected the lines 1. first 5mints candle's body is in CPR, so the markets moves in mostly sideways. 2. resistance is strong : top pivot acted as strong resistance with rejected multiple times For today's...

datta_kota

My views with the banknifty will be bearish if it does break the trend lines. Downward movement of the will be decided based on 1st 5mint candle if it below the cpr.

datta_kota

Here are my views on banknifty for the month of july, if the market trends to move in upside direction * note : orange lines are the support and resistance yellow likes are trend lines please feel free to comment your ideas :-)