After completing ABC structure NIFTY was trading in a consolidation zone on Monday, for today if nifty opens below 19675, buying opportunity should be look near 19635-19620 with SL of 19600 for the target of 19718 and 197720 If Nifty opens in gap up and sustain at 19718, buying side should be traded for the target of 19772 and 19831 with SL of 19700-19690
I see buying in NIFTY on sustaining above 19740 for 19800 to 19842, where we can face pending order's of Sellers, on trading above prices can trade towards,19871 and 19935 on trading above 19890. below 19730, buying levels will be at 19656 - 19640 where a buying can be considered with SL of 20 points On failing we can expect a drop in prices to the level 19531 in...
If banknifty opens in gap up above 43722 and sustains, BANKNIFTY can move towards 43968 and can face rejection there, but if could sustain above this level, BANKNIFTY can trade higher for the level 44223, where we can see seller's pending orders, if prices could sustain above this range, this will a indication of loosing interest of sellers and we can see...
ICICI Bank can be buy if any hourly candle closes above 928 for which SL will be 924 (hourly candle close) This counter is in Wave 2 and might might rebound for wave C/3, we can expect target of 954 - 960 if could sustain above 930.
KARURVYSA bank can be considered for buy with the SL of 153.50 for the target of 162 this bank can take advantage of Small Cap rally technicals ABC structure has completed by the price on intermediate wave patter and ready for 5 wave on the hourly chart, here with can consider this counter for low risk and high reward for swing trade
BANKNIFTY has a support at 44116-44078, but BANKNIFTY is on first wave of minor structure that can retrace to the level of 44241-44344 and drop back to the level of 43963-43955. first buying can be plan in this level with the slop loss of 30 points (43930), on dropping below this level BANKNIFTY can see 43722 and look for bounce back. On higher side, if...
Banknifty level and strategy explained in chart, as BANKNIFTY was muted on its expiry after a gap up opening on 15-Nov-2023, Prices might trade in a range and can show some strength from lower level Buy on dips is recommended until any significant closing below 43871.
Nifty is in Bullish zone write now, will look for buy on dip until it does not give a significant close below 19550. as nifty has gave a good movement on 15-NOV-23, it can be muted for today's expiry, trader should look for buy in tow parts if trades below 19650 first 19600-19604 Second 19554-19550 STOP LOSS should be 19540 (15 minute candle close) for the...
The price action in Automotive Axles suggests a potential reversal from the current levels. The prices have already traced back to the 113%-127% Fibonacci zone and demonstrated a bounce back from the 113% retracement zone of the last upward swing. Additionally, the stock is on the verge of breaking out of the consolidation zone, which ranges from 2180 to 2277. The...
# on weekly chart : Completing swing of WAVE B/2 of Elliott wave at 78% of Fib retracement # Prices crossed, 20 SMA ove 9 EMA # Trendline Resistance to be break soon # about to cross positive MACD on weekly Charts # On Daily Charts its in positive territory of MACD line
Cummins India can be buy for swing trade with target of 1520-1540