Nifty closed around the support zone forming a long lower tail showing some bullishness today. Though the market has moved after a long time and can move on the either side. Levels are marked and possible movements are also plotted. Wait for the price action and trade accordingly.
Banknifty has been trading in a range for a long time and is now trading around the support levels of 56600. The RSI indicator on the daily charts is showing some bearish divergence and today the market has taken a halt after 2 days of fall. If the market starts travelling on the lower side there are chances of testing the lower support level of 56120. The...
Nifty 50 on the daily chart is trading in a range and has respected the zone quite effectively. Index has remained sideways since a 3.82% move on 12th may. Market trade in cycle and after a sideways cycle, a trending market is predicted. Either side movement can be seen in the index as 18 bars or 24 days it has remained in the range. Major Resistance :- 25125,...
The stock is in a bullish trend and is forming a box consolidation and break outs. On the weekly charts the stock is trading around the resistance zone and there are chance of either breaking out or retesting to the lower levels. Stock seems strong bullish on the charts but indicators are suggesting a bearish move as the stock is around the resistance zone....
A good consolidation in there in the stock and on the monthly chart the stock has reconfirmed the support zone. Major buying in happening there around 5500-5670 zone. Weekly charts are showing consolidation phase around the very closing level as the price is trading between the various Moving averages. A buying opportunity around 6200 levels can be initiated...
A bearish Flag and pole pattern in Siemens. The stock has fell from 8000 to 4600 and recovered back to 5300. If there is a break down of the parallel channel, it can retest the recent low of 4600. It is trading below 100 and 200 EMA on the daily charts. There will be resistance from the levels. Wait for the break down and let stock price test the recent low....
ACC Ltd is trading in a narrow range and is in a downtrend. There are chance of a trend reversal as the indicators are predicting and the price action too seems to follow with them. The channel break out in the stock can confirm the trend reversal. If the stock give a break out and retest, stock can be bought in cash or in F&O segment too. Good targets can be...
Bajaj Finserv has been in a good trend even when overall market remained negative, the stock has been trading around the recent highs. There has been a Break out of the resistance zone but the market has formed a Tweezer top after the break out on the weekly charts. If there is trend reversal of the indices, high chance of it forming new high while be...
Kotak Mahindra Bank has given good results and reacted gaining 9.21% today. A good support from 200 EMA on the weekly charts and now its trading around a minor resistance zone. For a long time the stock is trading in a range, now the stock has reacted to the news. Either it will take a pause on continue to test the upper resistance around 2000 and 2160. This...
Nifty is trading between 100 EMA (weekly) and 20 EMA (daily). A good support from the weekly moving average is there and resistance on the daily charts. A continuous support from 22300 level is there as the market has remained in a range whole week. If the market tried to breach the support level, the support of weekly 100 EMA can be the other support around...
Is this the end of the fall or its just a retracement. The market after a while has given some hope of a green week. It is a retest or a base formation no body knows. Nifty is trading around 22550 levels and looks somewhat positive for the coming week. Market is still in the down trend and bullish trend will only be confirmed once a 'W' pattern is formed on...
SRF Ltd is trading above the trading range and there are chance of the stock travelling forming new highs. The stock has been consolidating in a range for over 3 years and finally the stock has closed above the resistance zone on the daily time frame. In today's session the stock has move more than 6% and in current week it move 10% (approz). After...
Wipro is showing some good chart pattern. The stock has given a gap up opening and took resistance form 303-305 levels. Watch for a restest of the break out for entry or enter once the resistance levels is breached. Resistance levels ;- 304, 309.5 Support ;- 294.6, 287.5 Wait for a price action and trade accordingly.
Major levels Support :-23130, 23050 Resistance ;- 23280, 23350, 23586 Market is still in a down trend on the major cycle. Bullish trend will only be confirmed once nifty starts trading above 24200 levels. For now the market is for sell on rise. Wait for the price action and enter only confirm trades as the volatility in the market is not giving any intraday...
For last 2 trading session nifty is consolidating in a box, while banknifty is moving 400-500 points in intraday and tomorrow is it's weekly expiry. If the market starts trading outside the box, there is high probability of forming a trending day for the index. Market had respected the round number support of 23k. It can either retest the support or even breach...
The weekly charts of the index is looking bearish as the market has closed around the 50 EMA. A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels. If the support levels is breached it can test the lower support level of 22k. Sell on rise the market is there. On daily charts market has reversed...
Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be...
Banknifty is trading in a range is trading around the resistance zone. If their is a upside break out in the index, a trending move can be seen in it. Otherwise, another side way market will be there. Moving averages are around the closing price and EMA strategy may also be implied in capturing the move. Major levels Resistance :- 51835, 52090 Support :-...