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Technicalindicators

BANKNIFTY WEEKLY MARKET FORECASTThe price perfectly fulfills my last idea. The price perfectly fulfills my last idea. Sharp upward momentum seen in last week and price closes 2.50% up comparing to last week closing & #Banknifty made high of 42196 and hit the mentioned targets of 41666 & 41888. As mentioned #Banknifty given move upside as expected and now the level of #43000 is next hurdle for the Banknifty which act as resistance level for the price. we already moved +2900 points from the support level so profit booking can also seen in the price & if price holds it self at upper levels than next targets are 42444/42888 for the upside momentum the upside momentum. Positional traders can trail there SL @41888 level with the view for the upside momentum. The level of 41666 & 41888 now acts as important support for the price. Price can also Retest the mentioned support levels.
NSE:BANKNIFTYLong
by Jha_Nidhi
MACD Indicator | How Does It Work? | Definition & Examples MACD is a technical indicator designed to help investors identify price trends, measure trend momentum, and identify acceleration points to fine-tune market entry timing (whether you’re buying or selling). How does MACD work? The MACD indicator has many moving parts and functions, but it’s made up of three general components: the MACD line, which is the difference between two moving averages; a signal line, which is a moving average of the MACD line; and a histogram. MACD takes the moving average concept a step further. It’s one thing to compare a fast and a slow moving average, but for MACD, that’s only the beginning. First, the MACD line is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA (i.e., fast minus slow). Why? The calculation is designed to show the relationship between the two averages, and it does so in a way that places emphasis on more recent price data. The signal line is a 9-day (or 9-period) EMA of the MACD line. In other words, it’s a moving average of the difference between two moving averages, or a “slower” version of the difference between a fast and a slow moving average. Why use a moving average of two other moving averages? The signal line calculation “smooths out” the MACD line, creating an even slower moving average that serves as the faster MACD line’s counterpart. How do you read the MACD? Pay attention to the moving averages—the MACD and the signal line—and their relation to the histogram. Note that when the MACD line (the faster moving average) is above the signal line, the bars in the histogram are above the zero line, which is a bullish signal. When the MACD line is below the signal line, the histogram bars are below the zero line, which is generally bearish. What do you want to learn in the next post?
TVC:GOLDEducation
by UnitedSignals
4
BANKNIFTY WEEKLY MARKET FORECAST The price perfectly fulfills my last idea. Good up move seen in last week in the price which leads to moment in the price towards upside and price made high of 41041 and hit the targets of 41000/41222. As mentioned before that #Banknifty trading in the Descending Parallel Channel and now near the upper side of the channel which previously acted as strong resistance for the price but this resistance now getting weak as price tested it 4 to 5 times. So if price breaks the upper channel of level of 41222 and sustain above it than price can sharply move upside and upper targets will be 41666/41888 and above this if price Sustain than we can also reach till the 42888. And if price not able to breaks the upper channel and drop towards the downside and closes below the 40811 than we can see the targets of 40444/40122 towards the downside. 41122 can act as strong support level for the price.
NSE:BANKNIFTYLong
by Jha_Nidhi
TATACHEM near TRENDLINE BREAKOUTWe saw 30% Correction from the All Time High price & The price facing Downward trendline resistance and now very near to breakout level of trendline. If price breaks the level 990 and closes than price will head towards the target of 1015/1040+ & If price closes above the 1055 than we can see targets of 1100/1200+. The Support zone between the 940--920. Price Breakdown below the 920 and closes than target will be 900/870+ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:TATACHEMLong
by Jha_Nidhi
1
#NIFTY WEEKLY MARKET FORECASTThe price perfectly fulfills my last idea. Strong reversal seen in the price which tends to lead the price towards upside and #Nifty made high of 17638 and hit the target of 17555/17600. As mentioned before that #NIFTY Trading in the Descending Parallel Channel and now near the upper side of the Channel which can act as Resistance for the price and if price breaks this channel and sustain above it than price can move towards upside and targets will be 17888/18055/18200 can be seen in next coming Trading sessions. And If price not able to breaks the upper channel and drop towards downside than we can see down move. Below 17400--17350 only weakness seen in the price.17200--17200 level can act as the support for the price as they previously acted as resistance and if market will drop down than this level can perform as the strong support zone for the price.
NSE:NIFTYLong
by Jha_Nidhi